# EDGAR Filing Document

**Accession Number:** 0001851077
**File Stem:** 0001851077-25-000029
**Filing Date:** 2025-8
**Character Count:** 138028
**Document Hash:** 2f637e0a3efd7a65a2d0b63a076db257
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001851077-25-000029.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001851077-25-000029

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIMCO Flexible Emerging Markets Income Fund
- **CENTRAL INDEX KEY:** 0001851077

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23648
- **FILM NUMBER:** 251277543

**BUSINESS ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 844-312-2113

**MAIL ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PIMCO Flexible Emerging Markets Income Fund

- **b. Investment Company Act file number:** 811-23648

- **c. CIK number of Registrant:** 0001851077

- **d. LEI of Registrant:** 549300AJA4FNZO83ST90

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

  - **Street Address 1:** 1633 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **Telephone number:** (844) 312-2113

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

- **a. Name of Series:** N/A

- **c. LEI of Series:** N/A

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

- **a. Date of fiscal year-end:** 2025-06-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $61702681.42

**Total Liabilities:** $10648409.77

**Net Assets:** $51054271.65

**Delayed Delivery Securities:** $117795.06

**Cash Not Reported:** $196815.99

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 64.418900 | **1-Year:** 500.615600 | **5-Year:** 4409.776900 | **10-Year:** 7429.174000 | **30-Year:** 580.711900

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

- **3-Month:** 2043.060800 | **1-Year:** 1673.261100 | **5-Year:** 6064.915100 | **10-Year:** 4219.130500 | **30-Year:** 62.147900

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.48%               | 1.53%                | 3.62%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $201813.12               | $-360134.12                                |
| Month 2  | $-66889.93               | $719188.43                                 |
| Month 3  | $104752.72               | $1356922.84                                |

**Designated Index Information**

- **Index Name:** JP Morgan EMBI Global Composite Index

- **Index Identifier:** JPEGCOMP

### Schedule of Portfolio Investments

| Name                                                        | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |    Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                                         | BOUGHT EUR SOLD USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $3754.75      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | 31750PMA6 PIMCO FXVAN PUT USD TRY 40.57500000                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |    -167000 | NC      | $-799.10      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT TRY SOLD USD 20250814                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $5092.40      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT DOP SOLD USD 20250908                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $2089.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AEROPUERTO INTERNACIONAL DE TOCUMEN SA                      | AEROPUERTO INTL TOCUMEN SR SECURED REGS 08/61 5.125          | CUSIP: P0092AAG4<br>LEI: 254900FO1PHX49ZIGB14 | Long             | DBT              | CORP              | PA        |     200000 | PA      | $141006.00    | 0.28%             | 2061-08-11      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TURKISH AIRLINES 2015-1 CLASS A PASS THROUGH TRUST          | TURKISH AIRLN 15 1 A PTT PASS THRU CE REGS 09/28 4.2         | CUSIP: U0567PAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | TR        |     324943 | PA      | $314784.45    | 0.62%             | 2028-09-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                | NIGERIA OMO BILL BILLS 11/25 0.00000                         | CUSIP: ACI2XYZR3<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |  932712000 | PA      | $553069.00    | 1.08%             | 2025-11-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | RFR USD SOFR/3.25000 06/18/25-4Y LCH                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-557.68      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD KWD BOUGHT USD 20300513                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $7189.05      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT PEN SOLD USD 20251031                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $2167.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | 31750PZ53 PIMCO FXVAN PUT USD TRY 42.63500000                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | LU        |    -546000 | NC      | $-4076.44     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                          | TREASURY BILL 07/25 0.00000                                  | CUSIP: 912797PG6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     102000 | PA      | $101647.51    | 0.20%             | 2025-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT JPY SOLD USD 20250804                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $1127.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CZECHOSLOVAK GROUP AS                                       | CZECHOSLOVAK GROUP CZECHOSLOVAK GROUP                        | CUSIP: ACI2Y9W17<br>LEI: 315700SWFD7G70AVG768 | Long             | DBT              | CORP              | CZ        |     100000 | PA      | $120130.35    | 0.24%             | 2031-01-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PANAMA GOVT                                                 | REPUBLIC OF PANAMA SR UNSECURED 07/60 3.87                   | CUSIP: 698299BL7<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     400000 | PA      | $229011.58    | 0.45%             | 2060-07-23      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| IVORY COAST GOVT (AKA: COTE D'IVOIRE)                       | IVORY COAST SR UNSECURED REGS 04/36 8.075                    | CUSIP: ACI2VZXJ2<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     200000 | PA      | $193298.02    | 0.38%             | 2036-04-01      | Fixed         | 8.07%                 | No            |                  2 | On Loan: No      |
| PANAMA GOVT                                                 | REPUBLIC OF PANAMA EUR TERM LOAN                             | CUSIP: BA000GRH5<br>LEI: 549300SHS4T08CL0LP14 | Long             | LON              | CORP              | IE        |     500000 | PA      | $593232.11    | 1.16%             | 2027-03-05      | Floating      | 4.10%                 | No            |                  3 | On Loan: No      |
| N/A                                                         | BOUGHT ILS SOLD USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $6654.13      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                           | REPUBLIC OF SOUTH AFRICA SR UNSECURED 09/29 4.85             | CUSIP: 836205BA1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     200000 | PA      | $193044.42    | 0.38%             | 2029-09-30      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD CZK BOUGHT USD 20250822                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CZ        |          1 | NC      | $-409.77      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD AED BOUGHT USD 20250917                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-9.69        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD PEN BOUGHT USD 20250724                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $-13701.29    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| PERU GOVT                                                   | REPUBLIC OF PERU SR UNSECURED 03/36 5.5                      | CUSIP: 715638FC1<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     200000 | PA      | $200380.00    | 0.39%             | 2036-03-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT EUR SOLD USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $96018.04     | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| ECUADOR GOVT                                                | REPUBLIC OF ECUADOR SR UNSECURED 144A 07/30 VAR              | CUSIP: ACI1Q6J27<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     100000 | PA      | $87000.00     | 0.17%             | 2030-07-31      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT PEN SOLD USD 20250711                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $1091.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                              | REPUBLIC OF COLOMBIA SR UNSECURED 01/30 3                    | CUSIP: 195325DR3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     200000 | PA      | $173390.76    | 0.34%             | 2030-01-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | ISRAEL GOVT EM SP CBK                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $111.43       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK GOSPODARSTWA KRAJOWEGO                                 | BANK GOSPODARSTWA KRAJOW GOVT GUARANT 144A 07/54 6.25        | CUSIP: 06237MAD5<br>LEI: 259400BCOV9JJIGLYF05 | Long             | DBT              | MUN               | PL        |     200000 | PA      | $198848.82    | 0.39%             | 2054-07-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | REVERSE REPO MORGAN STANLEY                                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -266656 | PA      | $-270197.74   | -0.53%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD GHS BOUGHT USD 20250714                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-10405.80    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT PEN SOLD USD 20250917                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $4526.95      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                              | REPUBLIC OF COLOMBIA SR UNSECURED 04/35 8.5                  | CUSIP: 195325ES0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     200000 | PA      | $207996.28    | 0.41%             | 2035-04-25      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD CZK BOUGHT USD 20250822                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CZ        |          1 | NC      | $-42.35       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AFRICA FINANCE CORP (AFC)                                   | AFRICA FINANCE CORP SR UNSECURED REGS 04/28 2.875            | CUSIP: ACI1X9VZ6<br>LEI: 213800LXFHRRXIJRXW97 | Long             | DBT              | CORP              | N/A       |     200000 | PA      | $185282.40    | 0.36%             | 2028-04-28      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| KENYA GOVT                                                  | REPUBLIC OF KENYA 2024 TERM LOAN A                           | CUSIP: BA000C8P7<br>LEI: 549300VVURQQYU45PR87 | Long             | LON              | NUSS              | KE        |     400000 | PA      | $399046.01    | 0.78%             | 2028-04-05      | Floating      | 9.85%                 | No            |                  3 | On Loan: No      |
| DOMINICAN REPUBLIC GOVT                                     | DOMINICAN REPUBLIC SR UNSECURED 144A 03/37 10.5              | CUSIP: 25714PFD5<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |  239600000 | PA      | $4097720.59   | 8.03%             | 2037-03-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| SOCAR TURKIYE ENERJI AS                                     | SOCAR TURKEY ENERJI AS EUR TERM LOAN                         | CUSIP: 941WJKII0<br>LEI: 789000J4L7UFTRMDR776 | Long             | LON              | CORP              | TR        |     300000 | PA      | $352722.60    | 0.69%             | 2026-08-11      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT KZT SOLD USD 20251215                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $-1495.73     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD JPY BOUGHT USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-39.95       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                          | TREASURY BILL 08/25 0.00000                                  | CUSIP: 912797QK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     128000 | PA      | $127249.54    | 0.25%             | 2025-08-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC GOVT                                     | DOMINICAN REPUBLIC 06/36 0                                   | CUSIP: 25714PEZ7<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     200000 | PA      | $201690.00    | 0.40%             | 2036-06-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD KWD BOUGHT USD 20300509                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $7200.48      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FIBRA UNO (TRUST F/1401)                                    | TRUST FIBRAUNO SR UNSECURED 144A 01/50 6.39                  | CUSIP: 898339AB2<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     700000 | PA      | $585272.10    | 1.15%             | 2050-01-15      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| OCP SA (AKA: GROUPE OFFICE CHERIFIEN DES PHOSPHATES SA)     | OFFICE CHERIFIEN DES PHO SR UNSECURED REGS 06/51 5.125       | CUSIP: ACI1YKC81<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |     300000 | PA      | $228155.25    | 0.45%             | 2051-06-23      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| OCP SA (AKA: GROUPE OFFICE CHERIFIEN DES PHOSPHATES SA)     | OFFICE CHERIFIEN DES PHO SR UNSECURED 144A 06/51 5.125       | CUSIP: 67091TAE5<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |     500000 | PA      | $380258.75    | 0.74%             | 2051-06-23      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ALFA TRANSMISORA DE ENERGIA SA                              | ALFA DESARROLLO SPA SR SECURED 144A 09/51 4.55               | CUSIP: 01538TAA3<br>LEI: 2549006BJAN34R520038 | Long             | DBT              | CORP              | CL        |     197609 | PA      | $145519.84    | 0.29%             | 2051-09-27      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD GHS BOUGHT USD 20250716                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-5790.14     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | US 10YR NOTE (CBT)SEP25 XCBT 20250919                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         -6 | NC      | $-1642.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT COP SOLD USD 20250811                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $228.13       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SENEGAL GOVT                                                | REP OF SEN MINI OF FIN AND BUD 2023 EUR 1ST LIEN TERM LOAN   | CUSIP: BA0000GC3<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | LON              | CORP              | SN        |     600000 | PA      | $619729.06    | 1.21%             | 2028-12-22      | Floating      | 7.87%                 | No            |                  3 | On Loan: No      |
| N/A                                                         | PEMEX LCDS SP DUB                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $2063.76      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                         | SOLD CNH BOUGHT USD 20250820                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-314.62      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD DOP BOUGHT USD 20250922                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $1799.74      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | TURKEY EM SP MEI                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $-87451.19    | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA SA (PDVSA)                           | PETROLEOS DE VENEZUELA S COMPANY GUAR REGS 05/35 9.75        | CUSIP: P7807HAQ8<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     600000 | PA      | $88800.00     | 0.17%             | 2035-05-17      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| YINSON BERGENIA PRODUCTION BV                               | YINSON BERGENIA PRODUCTI YINSON BERGENIA PRODUCTI            | CUSIP: 98585VAA6<br>LEI: 549300JDIAWKPMZD5256 | Long             | DBT              | CORP              | NL        |     300000 | PA      | $304020.00    | 0.60%             | 2045-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | 31750PZM6 PIMCO FXVAN CALL USD TRY 56.75000000               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |    -810000 | NC      | $-23978.43    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| EGYPTIAN GOVT                                               | EGYPT GOVERNMENT BOND BONDS 03/28 21.954                     | CUSIP: ACI2VM0V0<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   46200000 | PA      | $918904.96    | 1.80%             | 2028-03-04      | Fixed         | 21.95%                | No            |                  2 | On Loan: No      |
| BANCO DO BRASIL SA/LONDON BRANCH                            | BANCO DO BRASIL SA/LONDO SR UNSECURED REGS 07/26 8.5         | CUSIP: ACI2J3525<br>LEI: QE0Q0253K88YAGNPE356 | Long             | DBT              | CORP              | BR        |    3000000 | PA      | $160403.79    | 0.31%             | 2026-07-29      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| STRATTON BTL MORTGAGE FUNDING 2022-1 PLC 22-1               | STRATTON BTL MORTGAGE FUNDING STRAB 2022 1 A REGS            | CUSIP: ACI232PZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      33128 | PA      | $45488.17     | 0.09%             | 2054-01-20      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| KUWAIT PROJECTS COMPANY SPC LIMITED                         | KUWAIT PROJECTS CO SPC L COMPANY GUAR REGS 02/27 4.5         | CUSIP: ACI0SL4R5<br>LEI: 254900BQTJEWBK1TAN59 | Long             | DBT              | CORP              | AE        |     600000 | PA      | $570480.63    | 1.12%             | 2027-02-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC GOVT                                     | DOMINICAN REPUBLIC SR UNSECURED 144A 03/37 6.95              | CUSIP: 25714PFB9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     200000 | PA      | $203640.00    | 0.40%             | 2037-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD CNH BOUGHT USD 20250716                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-228.98      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT TRY SOLD USD 20251113                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $1183.51      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT AZN SOLD USD 20261029                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $667.79       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOI FINANCE BV                                              | BOI FINANCE BV GOVT GUARANT REGS 02/27 7.5                   | CUSIP: ACI23L9D4<br>LEI: 724500ZH3H2YACBUNF38 | Long             | DBT              | MUN               | NL        |     750000 | PA      | $901752.00    | 1.77%             | 2027-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| KENYA GOVT                                                  | REPUBLIC OF KENYA SR UNSECURED 144A 03/36 9.5                | CUSIP: 491798AN4<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     200000 | PA      | $188897.15    | 0.37%             | 2036-03-05      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| PT BANTEN (LLPL CAPITAL PTE LTD)                            | LLPL CAPITAL PTE LTD SR SECURED REGS 02/39 6.875             | CUSIP: Y51478AA6<br>LEI: 254900VXZ8FXTUQNON22 | Long             | DBT              | CORP              | SG        |     799920 | PA      | $816326.36    | 1.60%             | 2039-02-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PANAMA GOVT                                                 | REPUBLIC OF PANAMA SR UNSECURED 04/56 4.5                    | CUSIP: 698299BM5<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     800000 | PA      | $520551.98    | 1.02%             | 2056-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | REVERSE REPO STANDARD CHARTERE VAR 1                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -654833 | PA      | $-670727.66   | -1.31%            |  |  |  | No            |                  2 | On Loan: No      |
| PERU GOVT                                                   | REPUBLIC OF PERU REPUBLIC OF PERU                            | CUSIP: 715638EC2<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |      70000 | PA      | $67681.60     | 0.13%             | 2054-08-08      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE LTD (AKA: CCL FINANCE LTD)             | RAIZEN FUELS FINANCE RAIZEN FUELS FINANCE                    | CUSIP: 75102XAF3<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |     200000 | PA      | $198750.00    | 0.39%             | 2032-07-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD GHS BOUGHT USD 20251113                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-6274.84     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD ILS BOUGHT USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-547.43      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT JPY SOLD USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-233.82      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                              | REPUBLIC OF COLOMBIA SR UNSECURED 02/34 7.5                  | CUSIP: 195325EG6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     200000 | PA      | $199363.30    | 0.39%             | 2034-02-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | ARGENTINA LA SP MYC                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $-65618.57    | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD JPY BOUGHT USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $259.90       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD UGX BOUGHT USD 20251202                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-614.44      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                              | REPUBLIC OF COLOMBIA SR UNSECURED 02/42 4.125                | CUSIP: 195325EA9<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     200000 | PA      | $127004.44    | 0.25%             | 2042-02-22      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ANGOLA GOVT                                                 | FINANCE MINISTRY ANGOLA TERM LOAN                            | CUSIP: BA000FS86<br>LEI: 549300QHR2R3J8JSGK83 | Long             | LON              | NUSS              | US        |    1700000 | PA      | $1700886.74   | 3.33%             | 2025-12-11      | Floating      | 13.50%                | No            |                  3 | On Loan: No      |
| N/A                                                         | 31750PJ77 PIMCO FXVAN CALL USD TRY 56.90000000               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BM        |    -130000 | NC      | $-2425.67     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD DOP BOUGHT USD 20250711                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $1842.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT ILS SOLD USD 20250709                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $547.44       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD BRL BOUGHT USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-1955.27     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD PLN BOUGHT USD 20250710                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-1591.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| IPOTEKA BANK                                                | IPOTEKA BANK ATIB SR UNSECURED REGS 11/25 5.5                | CUSIP: ACI1SV0S3<br>LEI: 213800UWVX5JSNXJS434 | Long             | DBT              | CORP              | UZ        |     300000 | PA      | $299253.75    | 0.59%             | 2025-11-19      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BAHRAIN GOVT                                                | KINGDOM OF BAHRAIN SR UNSECURED 144A 07/37 7.5               | CUSIP: 05674RAR5<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |     200000 | PA      | $202441.81    | 0.40%             | 2037-07-07      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT EUR SOLD USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $3811.45      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | REV REPO STANDARD CHARTERED BA ZCP                           | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |    -439968 | PA      | $-518854.37   | -1.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | ARGENTINA LA SP GST                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $-47026.65    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT KZT SOLD USD 20250917                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $-32.16       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD GHS BOUGHT USD 20250708                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-38114.12    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | US ULTRA BOND CBT SEP25 XCBT 20250919                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         -1 | NC      | $-985.30      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS DEL PERU SA - PETROPERU SA                        | PETROLEOS DEL PERU SA SR UNSECURED 144A 06/47 5.625          | CUSIP: 716564AB5<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |     200000 | PA      | $126676.74    | 0.25%             | 2047-06-19      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD MXN BOUGHT USD 20250917                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-3740.96     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PERU GOVT                                                   | BONOS DE TESORERIA SR UNSECURED 08/32 6.15                   | CUSIP: ACI0WBN59<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    1100000 | PA      | $321200.00    | 0.63%             | 2032-08-12      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                          | TREASURY BILL 07/25 0.00000                                  | CUSIP: 912797LW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      13000 | PA      | $12986.39     | 0.03%             | 2025-07-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD GHS BOUGHT USD 20260217                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-4113.29     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GACI FIRST INVESTMENT COMPANY                               | GACI FIRST INVESTMENT COMPANY GUAR REGS 01/54 5.375          | CUSIP: ACI2MLFW4<br>LEI: 558600TU1PWGNLZ3XM88 | Long             | DBT              | CORP              | KY        |     300000 | PA      | $265858.50    | 0.52%             | 2054-01-29      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | RFR USD SOFR/3.25000 06/18/25-9Y LCH                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-5957.94     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD CNH BOUGHT USD 20250716                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-163.94      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VALE SA                                                     | VALE SA SUBORDINATED 12/49 VAR                               | CUSIP: B011X9II2<br>LEI: 254900SMTWBX7RU2SR20 | Long             | DBT              | CORP              | BR        |   14500000 | PA      | $924081.10    | 1.81%             | 2049-12-29      | Variable      | 1.96%                 | No            |                  2 | On Loan: No      |
| CIMA FINANCE DESIGNATED ACTIVITY COMPANY                    | CIMA FINANCE LTD SECURED REGS 09/29 2.95                     | CUSIP: ACI1SB354<br>LEI: 213800AALTMFR1SJLJ51 | Long             | DBT              | CORP              | IE        |     284353 | PA      | $261545.55    | 0.51%             | 2029-09-05      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| OI SA (AKA: BRASIL TELECOM S/A)                             | OI S A 2024 FIXED TERM LOAN 2                                | CUSIP: BA0006870<br>LEI: 254900YEMWCRRAGD4978 | Long             | LON              | CORP              | BR        |     657338 | PA      | $6573.38      | 0.01%             | 2050-12-30      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                         | SOLD DOP BOUGHT USD 20251120                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $591.79       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD ZAR BOUGHT USD 20250723                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-984.96      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OCP SA (AKA: GROUPE OFFICE CHERIFIEN DES PHOSPHATES SA)     | OFFICE CHERIFIEN DES PHO SR UNSECURED 144A 05/54 7.5         | CUSIP: 67091TAG0<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |     200000 | PA      | $200305.00    | 0.39%             | 2054-05-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT TRY SOLD USD 20260109                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $2913.29      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | RFR USD SOFR/3.25000 06/18/25-7Y CME                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-71500.48    | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD JPY BOUGHT USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-1121.27     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD DOP BOUGHT USD 20250711                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $483.44       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD TRY BOUGHT USD 20250811                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-8510.51     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| TURKEY GOVT                                                 | REPUBLIC OF TURKEY EUR TERM LOAN A                           | CUSIP: BA0004GP6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | LON              | NUSS              | TR        |     300000 | PA      | $385340.25    | 0.75%             | 2031-04-27      | Floating      | 8.34%                 | No            |                  3 | On Loan: No      |
| N/A                                                         | SOLD DOP BOUGHT USD 20250922                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $1331.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD DOP BOUGHT USD 20250922                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $7587.61      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD BRL BOUGHT USD 20251002                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-20209.97    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| SRI LANKA GOVT                                              | REPUBLIC OF SRI LANKA SR UNSECURED 144A 06/35 VAR            | CUSIP: ACI2SS7V4<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      54880 | PA      | $37780.31     | 0.07%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | 31750PZL8 PIMCO FXVAN PUT USD TRY 42.80000000                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |    -810000 | NC      | $-6818.58     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT PEN SOLD USD 20250707                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $101.24       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC GOVT                                     | DOMINICAN REPUBLIC SR UNSECURED 144A 02/33 13.625            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   11800000 | PA      | $233227.27    | 0.46%             | 2033-02-03      | Fixed         | 13.62%                | No            |                  2 | On Loan: No      |
| JORDAN GOVT                                                 | KINGDOM OF JORDAN SR UNSECURED REGS 10/47 7.375              | CUSIP: M5269UAJ3<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |     300000 | PA      | $266242.73    | 0.52%             | 2047-10-10      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TIERRA MOJADA LUXEMBOURG II SARL                            | TIERRA MOJADA LUX II SRL SR SECURED REGS 12/40 5.75          | CUSIP: L3500LAA7<br>LEI: 254900H2U8PBIY32VI94 | Long             | DBT              | CORP              | LU        |     476737 | PA      | $450776.38    | 0.88%             | 2040-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OI SA (AKA: BRASIL TELECOM S/A)                             | OI S A 2024 FIXED TERM LOAN 1                                | CUSIP: BA0006862<br>LEI: 254900YEMWCRRAGD4978 | Long             | LON              | CORP              | BR        |      57159 | PA      | $571.59       | 0.00%             | 2050-12-30      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| TURKCELL ILETISIM HIZMETLERI AS                             | TURKCELL ILETISIM HIZMET SR UNSECURED 144A 01/30 7.45        | CUSIP: 900111AC9<br>LEI: 7890003EX1LTLS2FFL84 | Long             | DBT              | CORP              | TR        |     200000 | PA      | $203912.65    | 0.40%             | 2030-01-24      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | TRS RCKM 01/30/33 MYC                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | CN        |          1 | NC      | $-252795.55   | -0.50%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                         | SOLD CNH BOUGHT USD 20250820                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-498.57      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TURKISH AIRLINES 2015-1 CLASS A PASS THROUGH TRUST          | TURKISH AIRLN 15 1 A PTT PASS THRU CE 144A 09/28 4.2         | CUSIP: 10010YAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | TR        |       6770 | PA      | $6558.00      | 0.01%             | 2028-09-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD DOP BOUGHT USD 20250905                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $1530.36      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED BANK/LONDON BRANCH                       | STANDARD CHARTERED BANK STANDARD CHARTERED BANK              | CUSIP: ACI2SHL67<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | DBT              | CORP              | GB        |   63300000 | PA      | $196629.20    | 0.39%             | 2025-12-01      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                         | SOLD BRL BOUGHT USD 20251002                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-546.54      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                | NIGERIA OMO BILL BILLS 11/25 0.00000                         | CUSIP: ACI2SNTN9<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |  171520000 | PA      | $101225.93    | 0.20%             | 2025-11-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD EUR BOUGHT USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-199845.46   | -0.39%            |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                              | REPUBLIC OF COLOMBIA SR UNSECURED 03/29 4.5                  | CUSIP: 195325DP7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     600000 | PA      | $571018.35    | 1.12%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT TRY SOLD USD 20250818                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $346.42       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UGANDA GOVT                                                 | UGANDA GOVERNMENT BOND BONDS 06/39 15.8                      | CUSIP: ACI2QJDV9<br>LEI: 549300NF1DEFHG8XLQ11 | Long             | DBT              | NUSS              | UG        | 1005000000 | PA      | $257685.35    | 0.50%             | 2039-06-23      | Fixed         | 15.80%                | No            |                  2 | On Loan: No      |
| VB DPR FINANCE COMPANY                                      | VB DPR FINANCE COMPANY VAKIFBANK DPR 2025 E 4A2 SR SE        | CUSIP: 959DHQII0<br>LEI: 549300Y3LKKHCL3AQW08 | Long             | DBT              | CORP              | US        |     300000 | PA      | $294125.09    | 0.58%             | 2035-03-15      | Fixed         | 6.83%                 | Yes           |                  3 | On Loan: No      |
| N/A                                                         | SOUTH AFRICA EM SP MEI                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $-3770.92     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PERU GOVT                                                   | REPUBLIC OF PERU SR UNSECURED 06/55 6.2                      | CUSIP: 715638FD9<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     200000 | PA      | $201140.00    | 0.39%             | 2055-06-30      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD GHS BOUGHT USD 20251110                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-25838.98    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD UGX BOUGHT USD 20251202                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-614.43      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SHARJAH GOVT                                                | FIN DEPT GOVT SHARJAH SR UNSECURED REGS 11/32 6.5            | CUSIP: ACI2D2TT8<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |     300000 | PA      | $313779.70    | 0.61%             | 2032-11-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT JPY SOLD USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $1302.54      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL JSC                                    | KAZMUNAYGAS NATIONAL CO SR UNSECURED REGS 10/48 6.375        | CUSIP: Y44709AG1<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |     600000 | PA      | $555728.68    | 1.09%             | 2048-10-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                | UKRAINE GOVERNMENT SR UNSECURED 144A 02/34 VAR               | CUSIP: 903724CE0<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      65880 | PA      | $25561.44     | 0.05%             | 2034-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                | REPUBLIC OF NIGERIA SR UNSECURED REGS 11/25 7.625            | CUSIP: V342A3CA0<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     200000 | PA      | $201721.71    | 0.40%             | 2025-11-21      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD AUD BOUGHT USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $-890.18      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PAKISTAN GOVT                                               | ISLAMIC REP OF PAKISTAN SR UNSECURED REGS 04/31 7.375        | CUSIP: ACI1WVNF1<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |     200000 | PA      | $178171.82    | 0.35%             | 2031-04-08      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ANTOFAGASTA PLC                                             | ANTOFAGASTA PLC ANTOFAGASTA PLC                              | CUSIP: 03718NAC0<br>LEI: 213800MY6QVH4FVLD628 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $209836.00    | 0.41%             | 2034-05-02      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                | NIGERIA OMO BILL OMO110626                                   | CUSIP: 955PDHII1<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        | 1226023000 | PA      | $648944.04    | 1.27%             | 2026-06-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PARAGUAY GOVT                                               | REPUBLIC OF PARAGUAY SR UNSECURED 144A 03/35 8.5             | CUSIP: 699149BX7<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        | 1950000000 | PA      | $238618.00    | 0.47%             | 2035-03-04      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PANAMA GOVT                                                 | REPUBLIC OF PANAMA SR UNSECURED 04/53 4.3                    | CUSIP: 698299BB9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     400000 | PA      | $259430.59    | 0.51%             | 2053-04-29      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| TANZANIA GOVT                                               | TANZANIA USD TERM LOAN                                       | CUSIP: 949BJZII5<br>LEI: 254900CT4YQ6JKSEXB51 | Long             | LON              | NUSS              | US        |     333333 | PA      | $334233.53    | 0.65%             | 2028-04-26      | Floating      | 10.06%                | No            |                  3 | On Loan: No      |
| N/A                                                         | REVERSE REPO TORONTO DOMINIO                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -590105 | PA      | $-605037.53   | -1.19%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | 31750PJ85 PIMCO FXVAN PUT USD TRY 41.60000000                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |    -130000 | NC      | $-595.40      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD PLN BOUGHT USD 20250710                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-139.47      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT PEN SOLD USD 20250714                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $78.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT TRY SOLD USD 20250812                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $1252.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD GHS BOUGHT USD 20250714                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-16829.63    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | REVERSE REPO SOCIETE GENERALE REVERSE REPO                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -432361 | PA      | $-437026.17   | -0.86%            |  |  |  | No            |                  2 | On Loan: No      |
| IVORY COAST GOVT (AKA: COTE D'IVOIRE)                       | IVORY COAST SR UNSECURED 144A 01/33 7.625                    | CUSIP: 221625AT3<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     200000 | PA      | $197740.66    | 0.39%             | 2033-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                | ROMANIA ROMANIA                                              | CUSIP: ACI2P7GW1<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     100000 | PA      | $111026.56    | 0.22%             | 2037-05-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD PEN BOUGHT USD 20250804                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $-22223.96    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD BRL BOUGHT USD 20251002                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-35390.86    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| SHARJAH GOVT                                                | FIN DEPT GOVT SHARJAH SR UNSECURED REGS 07/50 4              | CUSIP: ACI1P3VB1<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |     200000 | PA      | $128128.22    | 0.25%             | 2050-07-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD AUD BOUGHT USD 20250805                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $-178.63      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| IRB INFRASTRUCTURE DEVELOPERS LIMITED                       | IRB INFRASTRUCTURE DEVELOPERS 03/32 7.11                     | CUSIP: ACI2N3K07<br>LEI: 335800XGO3AITGW6AK27 | Long             | DBT              | CORP              | IN        |     200000 | PA      | $200747.37    | 0.39%             | 2032-03-11      | Fixed         | 7.11%                 | No            |                  2 | On Loan: No      |
| CAMEROON GOVT                                               | REPUBLIC OF CAMEROON SR UNSECURED REGS 07/32 5.95            | CUSIP: ACI1YYV64<br>LEI: 54930021BO6NHYGBBV24 | Long             | DBT              | NUSS              | CM        |    1000000 | PA      | $923536.87    | 1.81%             | 2032-07-07      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD JPY BOUGHT USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-3367.78     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT EUR SOLD USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $749.19       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT KWD SOLD USD 20260504                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-219.87      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT EGP SOLD USD 20250721                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $54928.88     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| EGYPTIAN GOVT                                               | ARAB REPUBLIC OF EGYPT SR UNSECURED REGS 09/51 8.75          | CUSIP: ACI20PYL2<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     600000 | PA      | $493136.14    | 0.97%             | 2051-09-30      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| IVORY COAST GOVT (AKA: COTE D'IVOIRE)                       | IVORY COAST SR UNSECURED REGS 03/48 6.625                    | CUSIP: ACI11JW62<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     600000 | PA      | $553351.74    | 1.08%             | 2048-03-22      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD DOP BOUGHT USD 20250828                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $669.96       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | RFR USD SOFR/3.25000 03/19/25-10Y CME                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-115809.67   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| FIBRA UNO (TRUST F/1401)                                    | TRUST FIBRAUNO SR UNSECURED REGS 01/44 6.95                  | CUSIP: P9406GAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     300000 | PA      | $267082.95    | 0.52%             | 2044-01-30      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD CNH BOUGHT USD 20250820                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-76.11       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD CNH BOUGHT USD 20250820                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-158.52      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GHANA GOVT                                                  | GHANA GOVERNMENT BOND BONDS 02/29 8.65                       | CUSIP: ACI2DBNY3<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    1079345 | PA      | $76261.20     | 0.15%             | 2029-02-13      | Fixed         | 8.65%                 | No            |                  2 | On Loan: No      |
| PERU GOVT                                                   | BONOS DE TESORERIA SR UNSECURED 144A REGS 08/33 7            | CUSIP: ACI2GGZ75<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    1300000 | PA      | $400436.70    | 0.78%             | 2033-08-12      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT PEN SOLD USD 20250714                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $441.94       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                | ROMANIA UNSECURED REGS 04/41 2.75                            | CUSIP: ACI1X0DF9<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    1000000 | PA      | $735524.16    | 1.44%             | 2041-04-14      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD DOP BOUGHT USD 20250811                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $425.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | REVERSE REPO SOCIETE GENERALE REVERSE REPO                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | N/A       |    -462848 | PA      | $-545821.83   | -1.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD EGP BOUGHT USD 20250721                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-651.62      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS (PEMEX)                                 | PETROLEOS MEXICANOS COMPANY GUAR 01/60 6.95                  | CUSIP: 71654QDF6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    1600000 | PA      | $1150742.46   | 2.25%             | 2060-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT TRY SOLD USD 20250805                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $168.79       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | RFR USD SOFR/3.00000 03/19/25-5Y CME                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-114436.11   | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT KZT SOLD USD 20250912                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $-1857.72     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| INTEROCEANICA V FINANCE LIMITED                             | INTEROCEANICA FINANCE V SR SECURED REGS 05/30 0.00000        | CUSIP: G34072AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     210839 | PA      | $173301.52    | 0.34%             | 2030-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PERU GOVT                                                   | REPUBLIC OF PERU SR UNSECURED 144A 08/37 6.9                 | CUSIP: 715638AV4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     200000 | PA      | $57543.54     | 0.11%             | 2037-08-12      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | TURKEY EM SP DUB                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $-87451.19    | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| PERU LNG SRL                                                | PERU LNG SRL SR UNSECURED REGS 03/30 5.375                   | CUSIP: P7721BAE1<br>LEI: 254900F70J1LOALV5K70 | Long             | DBT              | CORP              | PE        |     166680 | PA      | $156869.70    | 0.31%             | 2030-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD DOP BOUGHT USD 20250828                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-5948.63     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT JPY SOLD USD 20250804                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $9.18         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD ZAR BOUGHT USD 20250723                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-984.96      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | REVERSE REPO STANDARD CHARTERE VAR 1                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -3385270 | PA      | $-3430044.33  | -6.72%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | 31750PIZ6 PIMCO FXVAN PUT USD TRY 39.75000000                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | LU        |    -110000 | NC      | $-71.94       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| IVORY COAST GOVT (AKA: COTE D'IVOIRE)                       | REPUBLIC OF COTE DIVOIRE THE 2024 EUR UPSIZE TERM LOAN       | CUSIP: BA0003TP4<br>LEI: 254900ICW11T82O6H590 | Long             | LON              | NUSS              | CI        |     300000 | PA      | $352086.03    | 0.69%             | 2026-03-06      | Floating      | 5.40%                 | No            |                  3 | On Loan: No      |
| N/A                                                         | REVERSE REPO MORGAN STANLEY                                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -160874 | PA      | $-164755.36   | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT TRY SOLD USD 20250820                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $2512.57      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SENEGAL GOVT                                                | REPUBLIC OF SENEGAL SR UNSECURED REGS 03/48 6.75             | CUSIP: V7691DAY2<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |     200000 | PA      | $121174.62    | 0.24%             | 2048-03-13      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT KZT SOLD USD 20250911                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $-239.73      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD EUR BOUGHT USD 20250804                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-95922.42    | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD EUR BOUGHT USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-38449.92    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | IRS EUR 2.25000 09/17/25-10Y LCH                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $57406.54     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS SOC LTD                                      | ESKOM HOLDINGS SOC LTD GOVT GUARANT REGS 08/28 6.35          | CUSIP: ACI14B7L1<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |     200000 | PA      | $202375.00    | 0.40%             | 2028-08-10      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD GBP BOUGHT USD 20250804                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $-409.86      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT PEN SOLD USD 20251105                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $4294.02      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                | NIGERIA OMO BILL NIGERIA OMO BILL                            | CUSIP: ACI2SN0R1<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |  759572000 | PA      | $446263.09    | 0.87%             | 2025-12-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                | ECOPETROL SA SR UNSECURED 05/45 5.875                        | CUSIP: 279158AJ8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    1200000 | PA      | $829203.96    | 1.62%             | 2045-05-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ECUADOR GOVT                                                | REPUBLIC OF ECUADOR SR UNSECURED REGS 07/30 VAR              | CUSIP: ACI1Q6J43<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    1673838 | PA      | $1456239.06   | 2.85%             | 2030-07-31      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT JPY SOLD USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-1599.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PANAMA INFRASTRUCTURE RECEIVABLE PURCHASER PLC              | PANAMA INFRASTRUCTURE SR SECURED REGS 04/32 0.00000          | CUSIP: G6883RAB8<br>LEI: 213800QSH7EDGMUDJW25 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $142326.00    | 0.28%             | 2032-04-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GHANA GOVT                                                  | GHANA GOVERNMENT BOND UNSECURED 02/27 8.35                   | CUSIP: ACI2DBNN7<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    4840872 | PA      | $401436.91    | 0.79%             | 2027-02-16      | Fixed         | 8.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT JPY SOLD USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $1363.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PERU GOVT                                                   | REPUBLIC OF PERU SR UNSECURED REGS 08/31 6.95                | CUSIP: 715638BE1<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     480000 | PA      | $147335.95    | 0.29%             | 2031-08-12      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT MXN SOLD USD 20250917                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $0.08         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT AUD SOLD USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $178.37       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| YINSON BORONIA PRODUCTION BV                                | YINSON BORONIA PRODUCTIO SR SECURED 144A 07/42 8.947         | CUSIP: 98584XAA3<br>LEI: 5493007X12FTT746N678 | Long             | DBT              | CORP              | NL        |     495590 | PA      | $528069.15    | 1.03%             | 2042-07-31      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT TRY SOLD USD 20250811                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $24481.28     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                | ROMANIA SR UNSECURED REGS 04/33 2                            | CUSIP: ACI1X0BJ3<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     700000 | PA      | $633002.41    | 1.24%             | 2033-04-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD ZAR BOUGHT USD 20250723                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-408.36      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD DOP BOUGHT USD 20250728                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $607.99       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                              | REPUBLIC OF COLOMBIA SR UNSECURED 11/35 8                    | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     600000 | PA      | $604074.00    | 1.18%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT BRL SOLD USD 20251002                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $6234.44      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT TRY SOLD USD 20250728                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $12.29        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD DOP BOUGHT USD 20250807                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $4777.83      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT AZN SOLD USD 20271029                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-1411.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT KWD SOLD USD 20260521                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $25.65        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | 31750PIY9 PIMCO FXVAN CALL USD TRY 51.75000000               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |    -110000 | NC      | $-574.42      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD KWD BOUGHT USD 20300515                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $7183.34      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PAKISTAN GOVT                                               | ISLAMIC REP OF PAKISTAN SR UNSECURED REGS 04/51 8.875        | CUSIP: ACI1WVNY0<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |     200000 | PA      | $164441.64    | 0.32%             | 2051-04-08      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT ILS SOLD USD 20250718                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $2192.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT TRY SOLD USD 20260108                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $1776.69      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD GBP BOUGHT USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $-633.48      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                          | TREASURY BILL 10/25 0.00000                                  | CUSIP: 912797RD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     153000 | PA      | $151003.54    | 0.30%             | 2025-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD EGP BOUGHT USD 20250826                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-910.59      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT EGP SOLD USD 20260317                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $75.09        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT BRL SOLD USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $562.83       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SERBIA GOVT                                                 | REPUBLIC OF SERBIA SR UNSECURED REGS 09/36 2.05              | CUSIP: ACI20JKL1<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |     200000 | PA      | $179305.29    | 0.35%             | 2036-09-23      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT KWD SOLD USD 20260505                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-350.03      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD CNH BOUGHT USD 20250820                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-349.99      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT ILS SOLD USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $102.53       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MONGOLIA GOVT                                               | MONGOLIA INTL BOND SR UNSECURED REGS 07/27 3.5               | CUSIP: Y6142NAF5<br>LEI: N/A                  | Long             | DBT              | NUSS              | MN        |     300000 | PA      | $281580.78    | 0.55%             | 2027-07-07      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| METALSA SAPI DE CV                                          | METALSA SA DE CV COMPANY GUAR 144A 05/31 3.75                | CUSIP: 59132VAB4<br>LEI: 549300F2FONGJR575V67 | Long             | DBT              | CORP              | MX        |     300000 | PA      | $246747.00    | 0.48%             | 2031-05-04      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT TRY SOLD USD 20250717                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $325.67       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MONG DUONG FINANCE HOLDINGS BV                              | MONG DUONG FIN HLDGS BV SR SECURED REGS 05/29 5.125          | CUSIP: N6000DAA1<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |     575959 | PA      | $563125.88    | 1.10%             | 2029-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| EGYPTIAN GOVT                                               | ARAB REPUBLIC OF EGYPT SR UNSECURED 144A 02/33 9.45          | CUSIP: 03846JAG5<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     200000 | PA      | $202652.15    | 0.40%             | 2033-02-04      | Fixed         | 9.45%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD CNH BOUGHT USD 20250820                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-475.75      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT EGP SOLD USD 20250917                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $110.01       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD KWD BOUGHT USD 20300514                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $7189.05      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED BANK/LONDON BRANCH                       | STANDARD CHARTERED BANK SR UNSECURED 144A 11/25 0.0000       | CUSIP: ACI2S0FQ7<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | DBT              | CORP              | GB        |   55500000 | PA      | $173802.59    | 0.34%             | 2025-11-03      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                         | REVERSE REPO MERRILL LYNCH                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -478736 | PA      | $-479225.50   | -0.94%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT JPY SOLD USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-41.98       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| IIFL FINANCE LIMITED                                        | IIFL FINANCE LTD SR SECURED 144A 07/28 8.75                  | CUSIP: 44964HAA2<br>LEI: 335800CZ46UJRS34JR78 | Long             | DBT              | CORP              | IN        |     200000 | PA      | $201359.10    | 0.39%             | 2028-07-24      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD DOP BOUGHT USD 20250728                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $1720.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| STILLWATER MINING COMPANY INC                               | STILLWATER MINING CO COMPANY GUAR 144A 11/26 4               | CUSIP: 86074QAP7<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |     200000 | PA      | $195530.00    | 0.38%             | 2026-11-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD PLN BOUGHT USD 20250710                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-1055.25     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT KZT SOLD USD 20250911                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $-469.73      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD DOP BOUGHT USD 20250822                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-4216.04     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX MPC II SARL                           | CHILE ELECTRICITY LUX GOVT GUARANT 144A 10/35 5.672          | CUSIP: 16882LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     500000 | PA      | $504002.14    | 0.99%             | 2035-10-20      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| EGYPTIAN GOVT                                               | ARAB REPUBLIC OF EGYPT SR UNSECURED REGS 05/32 7.625         | CUSIP: ACI1MLSB8<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     200000 | PA      | $185493.85    | 0.36%             | 2032-05-29      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| VENEZUELAN GOVT                                             | REPUBLIC OF VENEZUELA SR UNSECURED 09/27 9.25                | CUSIP: 922646AS3<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     700000 | PA      | $142625.00    | 0.28%             | 2027-09-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PARAGUAY GOVT                                               | REPUBLIC OF PARAGUAY SR UNSECURED 144A 03/55 6.65            | CUSIP: 699149BY5<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |     200000 | PA      | $200240.00    | 0.39%             | 2055-03-04      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| ORLEN SA                                                    | ORLEN SA SR UNSECURED 144A 01/35 6                           | CUSIP: 68666UAA3<br>LEI: 259400VVMM70CQREJT74 | Long             | DBT              | CORP              | PL        |     200000 | PA      | $205550.75    | 0.40%             | 2035-01-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT KZT SOLD USD 20250912                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $-1348.99     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                | ROMANIA SR UNSECURED 144A 09/33 6.375                        | CUSIP: ACI2JSF94<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     200000 | PA      | $242841.59    | 0.48%             | 2033-09-18      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                              | REPUBLIC OF COLOMBIA SR UNSECURED 02/44 5.625                | CUSIP: 195325BR5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     300000 | PA      | $222464.93    | 0.44%             | 2044-02-26      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GHANA GOVT                                                  | GHANA GOVERNMENT BOND BONDS 02/31 8.95                       | CUSIP: ACI2DBP54<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    1733575 | PA      | $106801.62    | 0.21%             | 2031-02-11      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD KWD BOUGHT USD 20300516                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $7183.34      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD DOP BOUGHT USD 20250905                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $4172.75      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD CNH BOUGHT USD 20250716                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-208.83      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                          | US TREASURY N/B 08/41 1.75                                   | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     600000 | PA      | $398531.25    | 0.78%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL COMPANY (SAUDI ARAMCO)                    | SAUDI ARABIAN OIL CO SR UNSECURED 144A 06/55 6.375           | CUSIP: 80414L3F0<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    1000000 | PA      | $1000666.04   | 1.96%             | 2055-06-02      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA VIA AVENIR ISSUER II IRELAND DAC         | REP OF ANGOLA(AVENIR IS) SR SECURED REGS 02/27 6.927         | CUSIP: ACI1KDXD8<br>LEI: 635400VEZIQKZPR7KU35 | Long             | DBT              | NUSS              | IE        |     400000 | PA      | $377122.34    | 0.74%             | 2027-02-19      | Fixed         | 6.93%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC GOVT                                     | DOMINICAN REPUBLIC SR UNSECURED 144A 02/55 7.15              | CUSIP: 25714PFC7<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     200000 | PA      | $199930.00    | 0.39%             | 2055-02-24      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT GBP SOLD USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $409.35       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SRI LANKA GOVT                                              | REPUBLIC OF SRI LANKA SR UNSECURED 144A 05/36 VAR            | CUSIP: ACI2SS751<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      38088 | PA      | $31088.19     | 0.06%             | 2036-05-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN PERSEROAN (PERSERO) PT PERUSAHAAN LISTRIK NEGARA | PERUSAHAAN LISTRIK NEGAR SR UNSECURED REGS 06/50 4           | CUSIP: 71568QAP2<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |     300000 | PA      | $211492.44    | 0.41%             | 2050-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT EGP SOLD USD 20251217                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $2615.52      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT ILS SOLD USD 20250718                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $15304.75     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SRI LANKA GOVT                                              | REPUBLIC OF SRI LANKA SR UNSECURED 144A 02/38 VAR            | CUSIP: ACI2SS6L7<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      76208 | PA      | $62057.28     | 0.12%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC GOVT                                     | DOMINICAN REPUBLIC SR UNSECURED 144A 09/35 11.25             | CUSIP: 25714PEW4<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   17100000 | PA      | $305701.72    | 0.60%             | 2035-09-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                              | REPUBLIC OF COLOMBIA SR UNSECURED 11/54 8.375                | CUSIP: 195325EQ4<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     200000 | PA      | $190560.00    | 0.37%             | 2054-11-07      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | STATE OIL COMPANY OF THE AZERB EM SP JPM                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $6086.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CREDICORP CAPITAL SOCIEDAD TITULIZADORA SA                  | CREDICORP CAPITAL SOCIED LOCAL GOVT G 144A REGS 12/43 1      | CUSIP: 224939AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |    1900000 | PA      | $569865.91    | 1.12%             | 2043-12-15      | Fixed         | 10.10%                | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDCO SARL                              | GREENSAIF PIPELINES BIDC SR SECURED 144A 08/42 6.1027        | CUSIP: 39541EAE3<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |     200000 | PA      | $200291.00    | 0.39%             | 2042-08-23      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD DOP BOUGHT USD 20250828                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-4904.77     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FORTUNE STAR (BVI) LIMITED                                  | FORTUNE STAR BVI LTD COMPANY GUAR REGS 10/26 3.95            | CUSIP: ACI1YV0X5<br>LEI: 2549008CU8NYQQRSNU62 | Long             | DBT              | CORP              | VG        |     400000 | PA      | $457034.09    | 0.90%             | 2026-10-02      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | 31750PMB4 PIMCO FXVAN CALL USD TRY 52.72500000               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |    -167000 | NC      | $-895.79      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| IVORY COAST GOVT (AKA: COTE D'IVOIRE)                       | REPUBLIC OF COTE D IVOIRE THE 2025 EUR 12 M SHRT SYNDCATD TL | CUSIP: BA000JHT4<br>LEI: 254900ICW11T82O6H590 | Long             | LON              | NUSS              | CI        |     200000 | PA      | $233705.41    | 0.46%             | 2026-03-18      | Floating      | 5.10%                 | No            |                  3 | On Loan: No      |
| PANAMA INFRASTRUCTURE RECEIVABLE PURCHASER PLC              | PANAMA INFRASTRUCTURE SR SECURED 144A 04/32 0.00000          | CUSIP: 69828QAD9<br>LEI: 213800QSH7EDGMUDJW25 | Long             | DBT              | CORP              | GB        |     800000 | PA      | $569304.00    | 1.12%             | 2032-04-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TURKEY GOVT                                                 | HAZINE MUSTESARLIGI VARL SR UNSECURED 144A 09/30 6.75        | CUSIP: 421790AN6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     200000 | PA      | $199950.54    | 0.39%             | 2030-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VB DPR FINANCE COMPANY                                      | TURKIYE VAKIFLAR BANKASI TAO I 2024 EUR DDTL                 | CUSIP: BA0008CR7<br>LEI: 549300Y3LKKHCL3AQW08 | Long             | LON              | CORP              | TR        |     300000 | PA      | $354701.88    | 0.69%             | 2028-12-15      | Floating      | 5.00%                 | No            |                  3 | On Loan: No      |
| NMC OPCO SPV LTD                                            | NMC OPCO LTD AED TERM LOAN                                   | CUSIP: 945BMMII4<br>LEI: N/A                  | Long             | LON              | CORP              | AE        |     771429 | PA      | $210312.27    | 0.41%             | 2027-03-25      | Floating      | 10.86%                | No            |                  3 | On Loan: No      |
| PERU PAYROLL DEDUCTION FINANCE LIMITED                      | PERU PAYROLL DEDUCTION SR SECURED REGS 11/29 0.00000         | CUSIP: ACI01Y8E1<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     392236 | PA      | $342287.27    | 0.67%             | 2029-11-01      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| PETROLEOS DEL PERU SA - PETROPERU SA                        | PETROLEOS DEL PERU SA SR UNSECURED REGS 06/47 5.625          | CUSIP: P7808BAB3<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |     200000 | PA      | $126676.74    | 0.25%             | 2047-06-19      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FIDEICOMISO PA PACIFICO TRES                                | FIDEICOMISO PA PACIFICO SR SECURED REGS 01/35 8.25           | CUSIP: P40689AA2<br>LEI: 549300HPHEJ3B6YD5H05 | Long             | DBT              | CORP              | CO        |     563150 | PA      | $569344.65    | 1.12%             | 2035-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | 31750PZ46 PIMCO FXVAN CALL USD TRY 56.75000000               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |    -546000 | NC      | $-16006.54    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD PKR BOUGHT USD 20251112                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-5094.18     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD DOP BOUGHT USD 20250915                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-12730.17    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| POINSETTIA FINANCE LIMITED                                  | POINSETTIA FINANCE LTD SR SECURED REGS 06/31 6.625           | CUSIP: G7150PAA8<br>LEI: 549300P2JTF5JKW10Z65 | Long             | DBT              | CORP              | KY        |     679500 | PA      | $636443.48    | 1.25%             | 2031-06-17      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| JOINT STOCK COMPANY DEVELOPMENT BANK OF KAZAKHSTAN          | DEVELOPMENT BANK OF KAZA SR UNSECURED REGS 05/26 10.95       | CUSIP: ACI1XHM39<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | CORP              | KZ        |  128000000 | PA      | $236395.43    | 0.46%             | 2026-05-06      | Fixed         | 10.95%                | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD DOP BOUGHT USD 20250905                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-11076.22    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANSNET SOC LTD                                            | TRANSNET SOC LTD 2015 ZAR TERM LOAN                          | CUSIP: BA000FR04<br>LEI: 378900B07CD6F01EA796 | Long             | LON              | CORP              | ZA        |    3771429 | PA      | $211309.21    | 0.41%             | 2028-03-02      | Floating      | 11.56%                | No            |                  3 | On Loan: No      |
| NIGERIA GOVT                                                | NIGERIA OMO BILL OMO120626                                   | CUSIP: 955PDJII7<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        | 1224904000 | PA      | $648011.36    | 1.27%             | 2026-06-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT EGP SOLD USD 20250826                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $2794.25      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                | ROMANIA ROMANIA                                              | CUSIP: ACI2P7GX9<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     100000 | PA      | $116082.32    | 0.23%             | 2032-05-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD PEN BOUGHT USD 20250711                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $-3489.37     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD DOP BOUGHT USD 20251120                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $26.04        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT KWD SOLD USD 20260518                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-5.38        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                | NIGERIA OMO BILL BILLS 08/25 0.00000                         | CUSIP: ACI2RML59<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |  283839000 | PA      | $178709.14    | 0.35%             | 2025-08-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UZBEK INDUSTRIAL AND CONSTRUCTION BANK ATB                  | UZBEK INDUSTRIAL AND CON UZBEK INDUSTRIAL AND CON            | CUSIP: 917935AB4<br>LEI: 213800C2NIFPFTXYIU69 | Long             | DBT              | CORP              | UZ        | 2500000000 | PA      | $200045.77    | 0.39%             | 2027-07-24      | Fixed         | 21.00%                | No            |                  2 | On Loan: No      |
| ECUADOR GOVT                                                | REPUBLIC OF ECUADOR SR UNSECURED REGS 07/35 VAR              | CUSIP: ACI1Q6JR2<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     215577 | PA      | $157479.00    | 0.31%             | 2035-07-31      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| ANGOLA GOVT                                                 | REPUBLIC OF ANGOLA SR UNSECURED REGS 04/32 8.75              | CUSIP: ACI24WFG5<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     200000 | PA      | $176889.73    | 0.35%             | 2032-04-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | RFR USD SOFR/3.25000 03/19/25-30Y LCH                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-215494.82   | -0.42%            |  |  |  | No            |                  2 | On Loan: No      |
| CSN RESOURCES SA                                            | CSN RESOURCES SA COMPANY GUAR REGS 06/31 4.625               | CUSIP: L21779AJ9<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | LU        |     200000 | PA      | $157606.10    | 0.31%             | 2031-06-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LIMITED                                     | MUTHOOT FINANCE LTD SR SECURED 144A 04/29 6.375              | CUSIP: 62828L2D4<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |     400000 | PA      | $399322.07    | 0.78%             | 2029-04-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| UZBEK INDUSTRIAL AND CONSTRUCTION BANK ATB                  | UZBEK INDUSTRIAL AND CON UZBEK INDUSTRIAL AND CON            | CUSIP: 917935AA6<br>LEI: 213800C2NIFPFTXYIU69 | Long             | DBT              | CORP              | UZ        |     200000 | PA      | $210822.00    | 0.41%             | 2029-07-24      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD KZT BOUGHT USD 20250911                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $-115.70      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                           | REPUBLIC OF SOUTH AFRICA SR UNSECURED 09/49 5.75             | CUSIP: 836205BB9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     300000 | PA      | $226178.14    | 0.44%             | 2049-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CREDICORP CAPITAL SOCIEDAD TITULIZADORA SA                  | CREDICORP CAPITAL SOCIED LOCAL GOVT G 144A 03/45 9.7         | CUSIP: 224939AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |     500000 | PA      | $147415.13    | 0.29%             | 2045-03-05      | Fixed         | 9.70%                 | No            |                  3 | On Loan: No      |
| N/A                                                         | BOUGHT PEN SOLD USD 20250917                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $112.71       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KENYA GOVT                                                  | REPUBLIC OF KENYA 02/31 11                                   | CUSIP: ACI2MWJ22<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     700000 | PA      | $711663.44    | 1.39%             | 2031-02-16      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| GUATEMALA GOVT                                              | REPUBLIC OF GUATEMALA SR UNSECURED 144A 06/36 6.6            | CUSIP: 401494AW9<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |     200000 | PA      | $203350.00    | 0.40%             | 2036-06-13      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS (PEMEX)                                 | PETROLEOS MEXICANOS COMPANY GUAR 01/45 6.375                 | CUSIP: 71654QBR2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     600000 | PA      | $425399.28    | 0.83%             | 2045-01-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT PEN SOLD USD 20250825                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $176.83       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JSC UZBEKNEFTEGAZ                                           | UZBEKNEFTEGAZ JSC SR UNSECURED REGS 11/28 4.75               | CUSIP: ACI21QDZ1<br>LEI: 213800LUZJZFLJD4MJ51 | Long             | DBT              | MUN               | UZ        |     300000 | PA      | $275471.85    | 0.54%             | 2028-11-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | ISRAEL GOVT EM SP GST                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $907.04       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PIMCO FUNDS                                                 | PIMCO PRV SHORT TERM FLT III MUTUAL FUND                     | CUSIP: 000000000<br>LEI: LWVQWTQCFH3YG7CVH718 | Long             | STIV             | RF                | US        |     323151 | PA      | $3146522.82   | 6.16%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                         | BOUGHT PEN SOLD USD 20250707                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $164.31       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VEON AMSTERDAM BV                                           | VEON AMSTERDAM TERM LOAN                                     | CUSIP: BA000HL48<br>LEI: 549300EPG4HR574L4660 | Long             | LON              | CORP              | NL        |     200000 | PA      | $200072.10    | 0.39%             | 2027-03-25      | Floating      | 8.55%                 | No            |                  3 | On Loan: No      |
| GUATEMALA GOVT                                              | REPUBLIC OF GUATEMALA SR UNSECURED 144A 08/31 6.05           | CUSIP: 401494AY5<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |     200000 | PA      | $203576.00    | 0.40%             | 2031-08-06      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| PERU GOVT                                                   | BONOS DE TESORERIA SR UNSECURED 08/34 5.4                    | CUSIP: ACI1CNG93<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     400000 | PA      | $106889.48    | 0.21%             | 2034-08-12      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | REVERSE REPO SOCIETE GENERALE REVERSE REPO                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -861262 | PA      | $-882594.54   | -1.73%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT JPY SOLD USD 20250804                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $40.01        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD PEN BOUGHT USD 20250929                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $-1109.05     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT JPY SOLD USD 20250804                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $3369.73      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD JPY BOUGHT USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-9.18        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD CNH BOUGHT USD 20250820                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-119.59      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD PEN BOUGHT USD 20251117                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $-26507.66    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| SOCAR TURKEY ENERJI AS VIA STEAS FUNDING 1 DAC              | SOCAR TURK ENRG FUNDING COMPANY GUAR REGS 03/26 7.23         | CUSIP: ACI25FN49<br>LEI: 213800EHE74BZ15ING86 | Long             | DBT              | CORP              | IE        |     700000 | PA      | $695409.37    | 1.36%             | 2026-03-17      | Fixed         | 7.23%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | BOUGHT EUR SOLD USD 20250702                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $8942.24      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ENAP (EMPRESA NACIONAL DE PETROLEO)                         | EMPRESA NACIONAL DEL PET EMPRESA NACIONAL DEL PET            | CUSIP: 29245JAP7<br>LEI: 549300YP3P0JZBLIV197 | Long             | DBT              | CORP              | CL        |     200000 | PA      | $202596.20    | 0.40%             | 2034-07-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD CNH BOUGHT USD 20250820                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-44.14       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                         | SOLD ZAR BOUGHT USD 20250723                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-1543.88     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                          | TREASURY BILL 08/25 0.00000                                  | CUSIP: 912797PP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     405000 | PA      | $402528.09    | 0.79%             | 2025-08-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-19

**Name of Applicant:** PIMCO Flexible Emerging Markets Income Fund

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer