# EDGAR Filing Document

**Accession Number:** 0000783740
**File Stem:** 0001752724-25-152209
**Filing Date:** 2025-6
**Character Count:** 340104
**Document Hash:** 90fb0d86977622e47cb636e059233149
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-152209.hdr.sgml**: 20250624

**ACCESSION NUMBER**: 0001752724-25-152209

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250624

**DATE AS OF CHANGE**: 20250624

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS SERIES TRUST X
- **CENTRAL INDEX KEY:** 0000783740

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04492
- **FILM NUMBER:** 251066843

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 18006372929

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS GOVERNMENT MORTGAGE FUND
- **DATE OF NAME CHANGE:** 19930408

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS GOVERNMENT INCOME PLUS FUND
- **DATE OF NAME CHANGE:** 19930312

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MASSACHUSETTS MFS GOVERNMENT INCOME PLUS FUND
- **DATE OF NAME CHANGE:** 19921015

## Series and Classes Contracts Data

### MFS Emerging Markets Debt Fund (Series ID: S000002511)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000006900 | A            | MEDAX           |
| C000006901 | B            | MEDBX           |
| C000006902 | C            | MEDCX           |
| C000006903 | I            | MEDIX           |
| C000034483 | R6           | MEDHX           |
| C000074224 | R1           | MEDDX           |
| C000074225 | R2           | MEDEX           |
| C000074226 | R3           | MEDFX           |
| C000074227 | R4           | MEDGX           |

## Nport-Ex

![](imgcbe10ffa1.gif)

### Quarterly Report
April 30, 2025

MFS<sup>®</sup> Emerging Markets<br> Debt Fund

![](img477c6dc02.gif)

EMD-Q3

------

### Portfolio of Investments
4/30/25 (unaudited)

The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by jurisdiction.

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – 95.5% | Bonds – 95.5% | Bonds – 95.5% |
| Albania – 0.5% | Albania – 0.5% | Albania – 0.5% |
| Republic of Albania, 5.9%, 6/09/2028 | &nbsp;&nbsp;13773000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16325157 |
| Republic of Albania, 4.75%, 2/14/2035 (n) | &nbsp;&nbsp;18655000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20140863 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$36466020 |
| Angola – 1.2% | Angola – 1.2% | Angola – 1.2% |
| Azule Energy Finance PLC, 8.125%, 1/23/2030 (n) | $&nbsp;&nbsp;&nbsp;&nbsp;7027000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6774028 |
| Republic of Angola, 8.75%, 4/14/2032 (n) | &nbsp;&nbsp;23482000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18419281 |
| Republic of Angola, 9.375%, 5/08/2048 | &nbsp;&nbsp;15746000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11035426 |
| Republic of Angola, 9.125%, 11/26/2049 | &nbsp;&nbsp;66782000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45530632 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$81759367 |
| Argentina – 2.5% | Argentina – 2.5% | Argentina – 2.5% |
| Republic of Argentina, 4.125%, 7/09/2035 | $&nbsp;&nbsp;87921000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$58633091 |
| Republic of Argentina, 5%, 1/09/2038 | &nbsp;&nbsp;70404000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49017859 |
| Republic of Argentina, 3.5%, 7/09/2041 | 116245000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70155558 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$177806508 |
| Azerbaijan – 0.8% | Azerbaijan – 0.8% | Azerbaijan – 0.8% |
| Republic of Azerbaijan, 3.5%, 9/01/2032 | $&nbsp;&nbsp;32821000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$28652733 |
| Southern Gas Corridor CJSC (Republic of Azerbaijan), 6.875%, 3/24/2026 | &nbsp;&nbsp;25270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25522700 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$54175433 |
| Benin – 0.4% | Benin – 0.4% | Benin – 0.4% |
| Republic of Benin, 7.96%, 2/13/2038 (n) | $&nbsp;&nbsp;15301000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13764933 |
| Republic of Benin, 7.96%, 2/13/2038 | &nbsp;&nbsp;&nbsp;&nbsp;1600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1439376 |
| Republic of Benin, 8.375%, 1/23/2041 (n) | &nbsp;&nbsp;10873000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9937922 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$25142231 |
| Bermuda – 0.8% | Bermuda – 0.8% | Bermuda – 0.8% |
| Government of Bermuda, 2.375%, 8/20/2030 (n) | $&nbsp;&nbsp;16826000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14601245 |
| Government of Bermuda, 2.375%, 8/20/2030 | &nbsp;&nbsp;10233000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8879980 |
| Government of Bermuda, 5%, 7/15/2032 (n) | &nbsp;&nbsp;15892000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15624815 |
| Government of Bermuda, 5%, 7/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;2100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2064694 |
| Government of Bermuda, 3.375%, 8/20/2050 (n) | &nbsp;&nbsp;15484000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10226384 |
| Government of Bermuda, 3.375%, 8/20/2050 | &nbsp;&nbsp;&nbsp;&nbsp;3600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2377614 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$53774732 |
| Brazil – 2.0% | Brazil – 2.0% | Brazil – 2.0% |
| Ambipar Lux S.à r.l., 10.875%, 2/05/2033 (n) | $&nbsp;&nbsp;11424000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11160106 |
| Arcos Dorados B.V., 6.375%, 1/29/2032 (n) | &nbsp;&nbsp;19003000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19335932 |
| Federative Republic of Brazil, 10%, 1/01/2029 | &nbsp;&nbsp;85952000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13672546 |
| Federative Republic of Brazil, 7.125%, 5/13/2054 | $&nbsp;&nbsp;&nbsp;&nbsp;6580000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6233033 |
| Itau Unibanco Holding S.A. of Cayman Islands, 6%, 2/27/2030 (n) | &nbsp;&nbsp;19789000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20255031 |
| MC Brazil Downstream Trading S.à r.l., 7.25%, 6/30/2031 (n) | &nbsp;&nbsp;10586509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8183371 |
| MC Brazil Downstream Trading S.à r.l., 7.25%, 6/30/2031 | &nbsp;&nbsp;&nbsp;&nbsp;9591290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7414067 |
| Raizen Fuels Finance S.A., 6.95%, 3/05/2054 (n) | &nbsp;&nbsp;16041000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15165858 |
| Samarco Mineracao S.A., 9% PIK to 12/30/2025, (4% Cash + 5% PIK) to 12/30/2026, (5.5% Cash + 3.5% PIK) to 12/30/2027, 9.25% Cash to 12/30/2029, 9.5% Cash to 6/30/2031 (p) | &nbsp;&nbsp;25892208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24369081 |
| Sitios Latinoamerica, S.A.B. de C.V., 6%, 11/25/2029 (n) | &nbsp;&nbsp;13760000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13806096 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$139595121 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Bulgaria – 0.9% | Bulgaria – 0.9% | Bulgaria – 0.9% |
| Bulgarian Energy Holdings, 2.45%, 7/22/2028 | 23817000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$25337439 |
| Republic of Bulgaria, 5%, 3/05/2037 | $25016000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24199599 |
| Republic of Bulgaria, 4.125%, 5/07/2038 (w) | 12315000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13761593 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$63298631 |
| Canada – 0.1% | Canada – 0.1% | Canada – 0.1% |
| Capstone Copper Corp., 6.75%, 3/31/2033 (n) | $10700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10513379 |
| Chile – 4.2% | Chile – 4.2% | Chile – 4.2% |
| AES Andes S.A., 6.25%, 3/14/2032 (n) | $10688000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10685925 |
| AES Andes S.A., 8.15% to 6/10/2030, FLR (CMT - 5yr. + 3.835%) to 6/10/2035, FLR (CMT - 5yr. + 4.085%) to 6/10/2050, FLR (CMT - 5yr. + 4.835%) to 6/10/2055 (n) | &nbsp;&nbsp;9776000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9961734 |
| Alfa Desarrollo S.p.A., 4.55%, 9/27/2051 (n) | 12185574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8959272 |
| Alfa Desarrollo S.p.A., 4.55%, 9/27/2051 | 16474682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12112779 |
| Antofagasta PLC, 6.25%, 5/02/2034 (n) | &nbsp;&nbsp;3250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3299143 |
| Chile Electricity Lux MPC II S.à r.l., 6.01%, 1/20/2033 (n) | &nbsp;&nbsp;9755700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10053249 |
| Chile Electricity Lux MPC II S.à r.l., 5.58%, 10/20/2035 (n) | 14008624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13914066 |
| Chile Electricity Lux MPC S.à r.l., 6.01%, 1/20/2033 | &nbsp;&nbsp;7679940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7914178 |
| Chile Electricity Lux MPC S.à r.l., 5.672%, 10/20/2035 (n) | 16968000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16995789 |
| Chile Electricity PEC S.p.A., 0%, 1/25/2028 | &nbsp;&nbsp;8002791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6930417 |
| Codelco, Inc. (Republic of Chile), 5.95%, 1/08/2034 (n) | 26903000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27304950 |
| Codelco, Inc. (Republic of Chile), 5.95%, 1/08/2034 | &nbsp;&nbsp;1900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1928387 |
| Codelco, Inc. (Republic of Chile), 6.33%, 1/13/2035 (n) | 16439000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17016009 |
| Codelco, Inc. (Republic of Chile), 6.44%, 1/26/2036 (n) | &nbsp;&nbsp;8947000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9270321 |
| Compania Cervecerias Unidas S.A., 3.35%, 1/19/2032 (n) | 10096000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8901545 |
| Compania Cervecerias Unidas S.A., 3.35%, 1/19/2032 | &nbsp;&nbsp;3096000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2729713 |
| Empresa Nacional del Petroleo (Republic of Chile), 5.25%, 11/06/2029 | 16094000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16151263 |
| Empresa Nacional del Petroleo (Republic of Chile), 6.15%, 5/10/2033 (n) | 14277000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14566395 |
| Empresa Nacional del Petroleo (Republic of Chile), 5.95%, 7/30/2034 (n) | 18987000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19171820 |
| ENGIE Energia Chile S.A., 6.375%, 4/17/2034 (n) | &nbsp;&nbsp;8958000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9236648 |
| ENGIE Energía Chile S.A., 3.4%, 1/28/2030 (n) | 12882000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11674945 |
| ENGIE Energía Chile S.A., 3.4%, 1/28/2030 | &nbsp;&nbsp;2551000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2311969 |
| Republic of Chile, 2.55%, 7/27/2033 | 17826000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14903427 |
| Republic of Chile, 5.65%, 1/13/2037 | 33857000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34615778 |
| Republic of Chile, 5.33%, 1/05/2054 | &nbsp;&nbsp;4713000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4378990 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$294988712 |
| China – 1.3% | China – 1.3% | China – 1.3% |
| CFMAC II Co. Ltd. (People's Republic of China), 4.5%, 5/29/2029 | $&nbsp;&nbsp;6111000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5855805 |
| Huarong Finance 2019 Co. Ltd. (People's Republic of China), 4.25%, 11/07/2027 | 20007000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19439601 |
| Huarong Finance II Co. Ltd. (People's Republic of China), 4.625%, 6/03/2026 | &nbsp;&nbsp;7424000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7354066 |
| Meituan, 4.625%, 10/02/2029 (n) | 18192000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18093120 |
| Melco Resorts Finance Ltd., 7.625%, 4/17/2032 (n) | 23429000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22603506 |
| Melco Resorts Finance Ltd., 7.625%, 4/17/2032 | &nbsp;&nbsp;&nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;675336 |
| Prosus N.V., 3.061%, 7/13/2031 (n) | 16680000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14399477 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$88420911 |
| Colombia – 2.2% | Colombia – 2.2% | Colombia – 2.2% |
| Aris Mining Corp., 8%, 10/31/2029 (n) | $11001000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11083212 |
| Banco GNB Sudameris S.A., 7.5% to 4/16/2026, FLR (CMT - 5yr. + 6.66%) to 4/16/2031 (n) | &nbsp;&nbsp;7710000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7480810 |
| EnfraGen Energia Sur S.A., 5.375%, 12/30/2030 (n) | &nbsp;&nbsp;9938000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8542805 |
| Republic of Colombia, 7.375%, 4/25/2030 | 14077000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14276195 |
| Republic of Colombia, 3.125%, 4/15/2031 | 18378000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14773918 |
| Republic of Colombia, 3.25%, 4/22/2032 | 14819000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11417345 |
| Republic of Colombia, 8.5%, 4/25/2035 | 13663000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13877766 |
| Republic of Colombia, 8%, 11/14/2035 | 16791000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16464594 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Colombia – continued | Colombia – continued | Colombia – continued |
| Republic of Colombia, 7.75%, 11/07/2036 | $&nbsp;&nbsp;16437000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15657194 |
| Republic of Colombia, 5.2%, 5/15/2049 | &nbsp;&nbsp;&nbsp;&nbsp;8218000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5304824 |
| Sierracol Energy Andina LLC, 6%, 6/15/2028 (n) | &nbsp;&nbsp;21373000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19659343 |
| Termocandelaria Power S.A., 7.75%, 9/17/2031 (n) | &nbsp;&nbsp;17035000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16953062 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$155491068 |
| Costa Rica – 1.9% | Costa Rica – 1.9% | Costa Rica – 1.9% |
| Liberty Costa Rica Senior Secured Finance, 10.875%, 1/15/2031 (n) | $&nbsp;&nbsp;&nbsp;&nbsp;9385000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9950071 |
| Liberty Costa Rica Senior Secured Finance, 10.875%, 1/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp;1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1272252 |
| Republic of Costa Rica, 6.55%, 4/03/2034 (n) | &nbsp;&nbsp;29172000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29813784 |
| Republic of Costa Rica, 6.55%, 4/03/2034 | &nbsp;&nbsp;&nbsp;&nbsp;4863000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4969986 |
| Republic of Costa Rica, 7%, 4/04/2044 | &nbsp;&nbsp;17057000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17099643 |
| Republic of Costa Rica, 7.158%, 3/12/2045 | &nbsp;&nbsp;11327000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11536964 |
| Republic of Costa Rica, 7.3%, 11/13/2054 (n) | &nbsp;&nbsp;44671000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45450198 |
| Republic of Costa Rica, 7.3%, 11/13/2054 | &nbsp;&nbsp;14359000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14609464 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$134702362 |
| Cote d'Ivoire – 0.9% | Cote d'Ivoire – 0.9% | Cote d'Ivoire – 0.9% |
| Republic of Cote d'Ivoire, 7.625%, 1/30/2033 (n) | $&nbsp;&nbsp;17377000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16399544 |
| Republic of Cote d'Ivoire, 8.075%, 4/01/2036 (n) | &nbsp;&nbsp;16033000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14820038 |
| Republic of Cote d'Ivoire, 8.25%, 1/30/2037 (n) | &nbsp;&nbsp;26217000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24072921 |
| Republic of Cote d'Ivoire, 8.25%, 1/30/2037 | &nbsp;&nbsp;&nbsp;&nbsp;2022000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1856637 |
| Republic of Cote d'Ivoire, 6.875%, 10/17/2040 | &nbsp;&nbsp;&nbsp;&nbsp;8869000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8173439 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$65322579 |
| Croatia – 0.2% | Croatia – 0.2% | Croatia – 0.2% |
| Republic of Croatia, 3.25%, 2/11/2037 | &nbsp;&nbsp;13613000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15146394 |
| Czech Republic – 1.8% | Czech Republic – 1.8% | Czech Republic – 1.8% |
| CEZ A.S. (Czech Republic), 2.375%, 4/06/2027 | &nbsp;&nbsp;&nbsp;&nbsp;6995000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7860673 |
| CEZ A.S. (Czech Republic), 4.125%, 9/05/2031 | &nbsp;&nbsp;&nbsp;&nbsp;6691000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7689561 |
| CEZ A.S. (Czech Republic), 4.25%, 6/11/2032 | &nbsp;&nbsp;13195000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15173318 |
| Czech Republic, 2.75%, 7/23/2029 | 623200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27521386 |
| Czech Republic, 5%, 9/30/2030 | 419790000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20326099 |
| Czech Republic, 2%, 10/13/2033 | 258450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10108742 |
| EP Infrastructure A.S., 2.045%, 10/09/2028 | &nbsp;&nbsp;&nbsp;&nbsp;4891000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5201787 |
| EP Infrastructure A.S., 1.816%, 3/02/2031 | &nbsp;&nbsp;&nbsp;&nbsp;9884000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9798286 |
| EPH Financing International A.S., 6.651%, 11/13/2028 | &nbsp;&nbsp;12475000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15191993 |
| EPH Financing International A.S., 5.875%, 11/30/2029 | &nbsp;&nbsp;&nbsp;&nbsp;6458000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7715356 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$126587201 |
| Dominican Republic – 2.7% | Dominican Republic – 2.7% | Dominican Republic – 2.7% |
| Aeropuertos Dominicanos Siglo XXI S.A., 7%, 6/30/2034 (n) | $&nbsp;&nbsp;13976000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14194305 |
| Dominican Republic, 5.5%, 2/22/2029 (n) | &nbsp;&nbsp;11357000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11183806 |
| Dominican Republic, 4.5%, 1/30/2030 (n) | &nbsp;&nbsp;&nbsp;&nbsp;7378000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6857113 |
| Dominican Republic, 4.5%, 1/30/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464700 |
| Dominican Republic, 7.05%, 2/03/2031 (n) | &nbsp;&nbsp;24234000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24940421 |
| Dominican Republic, 7.05%, 2/03/2031 | &nbsp;&nbsp;&nbsp;&nbsp;1300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1337895 |
| Dominican Republic, 4.875%, 9/23/2032 (n) | &nbsp;&nbsp;27009000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24220321 |
| Dominican Republic, 4.875%, 9/23/2032 | &nbsp;&nbsp;50548000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45328919 |
| Dominican Republic, 6%, 2/22/2033 | &nbsp;&nbsp;10861000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10473262 |
| Dominican Republic, 6.6%, 6/01/2036 (n) | &nbsp;&nbsp;20389000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19999570 |
| Dominican Republic, 6.6%, 6/01/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;882810 |
| Dominican Republic, 6.95%, 3/15/2037 (n) | &nbsp;&nbsp;16780000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16659184 |
| Dominican Republic, 5.3%, 1/21/2041 | &nbsp;&nbsp;13200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10957980 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$187500286 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Ecuador – 1.1% | Ecuador – 1.1% | Ecuador – 1.1% |
| Republic of Ecuador, 3.5%, 7/31/2035 | $73946772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$44316983 |
| Republic of Ecuador, 2.5%, 7/31/2040 | 57833000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30152970 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$74469953 |
| Egypt – 1.4% | Egypt – 1.4% | Egypt – 1.4% |
| Arab Republic of Egypt, 5.875%, 2/16/2031 | $37194000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$30220125 |
| Arab Republic of Egypt, 8.5%, 1/31/2047 | 52277000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37928009 |
| Arab Republic of Egypt, 7.903%, 2/21/2048 | &nbsp;&nbsp;8750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6004915 |
| Arab Republic of Egypt, 8.7%, 3/01/2049 | &nbsp;&nbsp;9051000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6667872 |
| Arab Republic of Egypt, 8.875%, 5/29/2050 | &nbsp;&nbsp;8722000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6515334 |
| Arab Republic of Egypt, 7.5%, 2/16/2061 (n) | 14083000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9145556 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$96481811 |
| El Salvador – 0.1% | El Salvador – 0.1% | El Salvador – 0.1% |
| Republic of El Salvador, 8.625%, 2/28/2029 | $&nbsp;&nbsp;2527000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2564252 |
| Republic of El Salvador, 7.65%, 6/15/2035 | &nbsp;&nbsp;1697000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1598371 |
| Republic of El Salvador, 9.65%, 11/21/2054 (n) | &nbsp;&nbsp;5955000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5901946 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10064569 |
| Ghana – 0.8% | Ghana – 0.8% | Ghana – 0.8% |
| Kosmos Energy Ltd., 7.5%, 3/01/2028 | $&nbsp;&nbsp;7585000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6445853 |
| Kosmos Energy Ltd., 8.75%, 10/01/2031 | &nbsp;&nbsp;7460000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6013733 |
| Republic of Ghana, 5%, 7/03/2029 (n) | 13296272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11349033 |
| Republic of Ghana, 5%, 7/03/2035 (n) | 47666203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32413018 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$56221637 |
| Guatemala – 1.9% | Guatemala – 1.9% | Guatemala – 1.9% |
| Central American Bottling Corp., 5.25%, 4/27/2029 (n) | $12764000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12214672 |
| Central American Bottling Corp., 5.25%, 4/27/2029 | 10351000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9905521 |
| Energuate Trust, 5.875%, 5/03/2027 | 15360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15091200 |
| Republic of Guatemala, 5.25%, 8/10/2029 (n) | &nbsp;&nbsp;2725000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2680678 |
| Republic of Guatemala, 5.25%, 8/10/2029 | &nbsp;&nbsp;2400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2360964 |
| Republic of Guatemala, 6.05%, 8/06/2031 (n) | 24382000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24239593 |
| Republic of Guatemala, 6.05%, 8/06/2031 (n) | &nbsp;&nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198832 |
| Republic of Guatemala, 3.7%, 10/07/2033 | 25718000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21301244 |
| Republic of Guatemala, 6.6%, 6/13/2036 | 15848000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15828441 |
| Republic of Guatemala, 6.55%, 2/06/2037 (n) | 24332000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24163320 |
| Republic of Guatemala, 6.55%, 2/06/2037 | &nbsp;&nbsp;5283000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5246376 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$133230841 |
| Hungary – 2.4% | Hungary – 2.4% | Hungary – 2.4% |
| Hungarian Development Bank PLC, 6.5%, 6/29/2028 | $12181000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12522251 |
| Magyar Export-Import Bank PLC (Republic of Hungary), 6.125%, 12/04/2027 (n) | 14288000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14543284 |
| MVM Energetika Zartkoruen Mukodo Reszvenytarsasag (Republic of Hungary), 0.875%, 11/18/2027 | 17900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19011459 |
| MVM Energetika Zartkoruen Mukodo Reszvenytarsasag (Republic of Hungary), 6.5%, 3/13/2031 | $17144000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17509904 |
| OTP Bank Nyrt., 7.3% to 7/30/2030, FLR (CMT - 5yr. + 2.861%) to 7/30/2035 | 13701000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13770015 |
| Republic of Hungary, 6.125%, 5/22/2028 (n) | &nbsp;&nbsp;6025000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6197701 |
| Republic of Hungary, 6.125%, 5/22/2028 | &nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514332 |
| Republic of Hungary, 5.25%, 6/16/2029 (n) | 12477000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12464523 |
| Republic of Hungary, 6.25%, 9/22/2032 (n) | &nbsp;&nbsp;8872000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9144991 |
| Republic of Hungary, 6.25%, 9/22/2032 | &nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;515385 |
| Republic of Hungary, 5.5%, 6/16/2034 (n) | 28898000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27864174 |
| Republic of Hungary, 5.5%, 6/16/2034 | &nbsp;&nbsp;2200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2121295 |
| Republic of Hungary, 5.5%, 3/26/2036 (n) | 22486000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21244548 |
| Republic of Hungary, 5.5%, 3/26/2036 | &nbsp;&nbsp;9120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8616485 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Hungary – continued | Hungary – continued | Hungary – continued |
| Republic of Hungary, 6.75%, 9/25/2052 (n) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5061000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5073652 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$171113999 |
| India – 5.5% | India – 5.5% | India – 5.5% |
| Adani Electricity Mumbai Ltd., 3.949%, 2/12/2030 | $&nbsp;&nbsp;&nbsp;&nbsp;16610000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14365348 |
| Adani Electricity Mumbai Ltd., 3.867%, 7/22/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6549182 |
| Adani Ports & Special Economic Zone Ltd., 4.375%, 7/03/2029 | &nbsp;&nbsp;&nbsp;&nbsp;10387000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9429163 |
| Adani Transmission Ltd., 4%, 8/03/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5987970 |
| Adani Transmission Ltd., 4.25%, 5/21/2036 (n) | &nbsp;&nbsp;&nbsp;&nbsp;11058425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9184516 |
| Adani Transmission Ltd., 4.25%, 5/21/2036 | &nbsp;&nbsp;&nbsp;&nbsp;12396050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10295474 |
| Biocon Biologics Global PLC, 6.67%, 10/09/2029 (n) | &nbsp;&nbsp;&nbsp;&nbsp;18277000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16477220 |
| Export-Import Bank of India, 2.25%, 1/13/2031 (n) | &nbsp;&nbsp;&nbsp;&nbsp;28790000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24859921 |
| Export-Import Bank of India, 2.25%, 1/13/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4524695 |
| Export-Import Bank of India, 5.5%, 1/18/2033 (n) | &nbsp;&nbsp;&nbsp;&nbsp;21990000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22374122 |
| Export-Import Bank of India, 5.5%, 1/18/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;712228 |
| Export-Import Bank of India, 5.5%, 1/13/2035 (n) | &nbsp;&nbsp;&nbsp;&nbsp;25144000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25329658 |
| IIFL Finance Ltd., 8.75%, 7/24/2028 (n) | &nbsp;&nbsp;&nbsp;&nbsp;13447000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12774650 |
| Indian Railway Finance Corp., 2.8%, 2/10/2031 (n) | &nbsp;&nbsp;&nbsp;&nbsp;19986000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17833196 |
| Indian Railway Finance Corp., 2.8%, 2/10/2031 | &nbsp;&nbsp;&nbsp;&nbsp;11493000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10255025 |
| IRB Infrastructure Developers Ltd., 7.11%, 3/11/2032 (n) | &nbsp;&nbsp;&nbsp;&nbsp;17616000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17242170 |
| JSW Hydro Energy Ltd., 4.125%, 5/18/2031 | &nbsp;&nbsp;&nbsp;&nbsp;12204888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10844332 |
| JSW Infrastructure Ltd., 4.95%, 1/21/2029 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3078000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2939457 |
| Muthoot Finance Ltd., 7.125%, 2/14/2028 (n) | &nbsp;&nbsp;&nbsp;&nbsp;24564000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24408997 |
| Muthoot Finance Ltd., 7.125%, 2/14/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;794952 |
| Muthoot Finance Ltd., 6.375%, 4/23/2029 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8637000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8354097 |
| REC Ltd. (Republic of India), 4.75%, 9/27/2029 (n) | &nbsp;&nbsp;&nbsp;&nbsp;19337000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19149728 |
| ReNew Power, 4.5%, 7/14/2028 | &nbsp;&nbsp;&nbsp;&nbsp;11247000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10423958 |
| Republic of India, 7.18%, 8/14/2033 | &nbsp;&nbsp;&nbsp;913280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11337995 |
| Republic of India, 7.1%, 4/08/2034 | 4241780000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52477899 |
| Shriram Finance Ltd., 6.15%, 4/03/2028 (n) | $&nbsp;&nbsp;&nbsp;&nbsp;13233000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13004379 |
| Shriram Transport Finance Co. Ltd., 6.625%, 4/22/2027 (n) | &nbsp;&nbsp;&nbsp;&nbsp;12300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12235956 |
| Shriram Transport Finance Co. Ltd., 6.625%, 4/22/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1591669 |
| Varanasi Aurangabad Nh-2 Tollway Private Ltd., 5.9%, 2/28/2034 (n) | &nbsp;&nbsp;&nbsp;&nbsp;10789000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10913033 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$386670990 |
| Indonesia – 1.7% | Indonesia – 1.7% | Indonesia – 1.7% |
| Perusahaan Penerbit SBSN Indonesia III, 2.8%, 6/23/2030 (n) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5756000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5231019 |
| Perusahaan Penerbit SBSN Indonesia III, 2.8%, 6/23/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;636156 |
| PT Cikarang Listrindo Tbk, 5.65%, 3/12/2035 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8131000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8100832 |
| PT Indofood CBP Sukses Makmur Tbk, 3.398%, 6/09/2031 | &nbsp;&nbsp;&nbsp;&nbsp;15269000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13843429 |
| PT Indofood CBP Sukses Makmur Tbk, 3.541%, 4/27/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8933000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8053376 |
| PT Perusahaan Listrik Negara (Republic of Indonesia), 4.875%, 7/17/2049 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6353000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5081809 |
| PT Perusahaan Listrik Negara (Republic of Indonesia), 4.875%, 7/17/2049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2239739 |
| PT Sorik Marapi Geothermal Power, 7.75%, 8/05/2031 (n) | &nbsp;&nbsp;&nbsp;&nbsp;13568464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13195327 |
| PT Sorik Marapi Geothermal Power, 7.75%, 8/05/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;691110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;673220 |
| Republic of Indonesia, 3.55%, 3/31/2032 | &nbsp;&nbsp;&nbsp;&nbsp;11722000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10763736 |
| Republic of Indonesia, 4.7%, 6/06/2032 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7054000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6912923 |
| Republic of Indonesia, 4.65%, 9/20/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8670000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8473724 |
| Republic of Indonesia, 4.85%, 1/11/2033 | &nbsp;&nbsp;&nbsp;&nbsp;19004000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18775254 |
| Star Energy Geothermal (Wayang Windu) Ltd., 6.75%, 4/24/2033 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8283134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8283275 |
| Star Energy Geothermal (Wayang Windu) Ltd., 6.75%, 4/24/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6953836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6953954 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$117217773 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Jamaica – 0.2% | Jamaica – 0.2% | Jamaica – 0.2% |
| Government of Jamaica, 7.875%, 7/28/2045 | $&nbsp;&nbsp;4547000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5088816 |
| Kingston Airport Revenue Finance, 6.75%, 12/15/2036 (n) | &nbsp;&nbsp;9725000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9613163 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14701979 |
| Jordan – 0.2% | Jordan – 0.2% | Jordan – 0.2% |
| Hashemite Kingdom of Jordan, 5.85%, 7/07/2030 | $&nbsp;&nbsp;7674000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7069443 |
| Hashemite Kingdom of Jordan, 7.375%, 10/10/2047 | &nbsp;&nbsp;7874000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6607270 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13676713 |
| Kazakhstan – 2.5% | Kazakhstan – 2.5% | Kazakhstan – 2.5% |
| Baiterek National Managing Holding JSC (Republic of Kazakhstan), 5.45%, 5/08/2028 (n)(w) | $15026000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14960432 |
| Development Bank of Kazakhstan JSC, 5.5%, 4/15/2027 (n) | 18101000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18185879 |
| Development Bank of Kazakhstan JSC, 5.5%, 4/15/2027 | &nbsp;&nbsp;1300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1306096 |
| Development Bank of Kazakhstan JSC, 5.25%, 10/23/2029 (n) | 10587000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10476281 |
| Development Bank of Kazakhstan JSC, 5.625%, 4/07/2030 (n) | 13915000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13778427 |
| Development Bank of Kazakhstan JSC, 2.95%, 5/06/2031 | &nbsp;&nbsp;4329000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3648216 |
| ForteBank JSC, 7.75%, 2/04/2030 (n) | 14824000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14474242 |
| JSC Kaspi, 6.25%, 3/26/2030 (n) | 25039000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24479378 |
| KazMunayGas National Co., JSC (Republic of Kazakhstan), 3.5%, 4/14/2033 | &nbsp;&nbsp;7720000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6395595 |
| KazMunayGas National Co., JSC (Republic of Kazakhstan), 5.75%, 4/19/2047 | 15081000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12627864 |
| KazMunayGas National Co., JSC (Republic of Kazakhstan), 6.375%, 10/24/2048 | 15325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13607987 |
| KazTransGas JSC (Republic of Kazakhstan), 4.375%, 9/26/2027 | &nbsp;&nbsp;7127000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6858184 |
| Tengizchevroil Finance Co. International Ltd., 4%, 8/15/2026 | 21273000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20858708 |
| Tengizchevroil Finance Co. International Ltd., 3.25%, 8/15/2030 (n) | 16205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14125866 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$175783155 |
| Kenya – 0.1% | Kenya – 0.1% | Kenya – 0.1% |
| Republic of Kenya, 9.5%, 3/05/2036 (n) | $10533000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9240517 |
| Kuwait – 0.4% | Kuwait – 0.4% | Kuwait – 0.4% |
| KFH Sukuk Co. (State of Kuwait), 5.376%, 1/14/2030 | $&nbsp;&nbsp;4290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4386568 |
| NBK SPC Ltd. (State of Kuwait), 1.625% to 9/15/2026, FLR (SOFR - 1 day + 1.05%) to 9/15/2027 (n) | 12571000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12043357 |
| NBK SPC Ltd. (State of Kuwait), 5.5% to 6/06/2029, FLR (SOFR - 1 day + 1.16%) to 6/06/2030 (n) | 13454000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13790350 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$30220275 |
| Luxembourg – 0.3% | Luxembourg – 0.3% | Luxembourg – 0.3% |
| PLT VII Finance S.à r.l., 6%, 6/15/2031 (n) | 16287000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$18914311 |
| Macau – 0.4% | Macau – 0.4% | Macau – 0.4% |
| Sands China Ltd., 3.25%, 8/08/2031 | $&nbsp;&nbsp;9063000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7724585 |
| Wynn Macau Ltd., 5.625%, 8/26/2028 (n) | 11237000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10725763 |
| Wynn Macau Ltd., 5.125%, 12/15/2029 | &nbsp;&nbsp;7534000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6955615 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$25405963 |
| Malaysia – 1.8% | Malaysia – 1.8% | Malaysia – 1.8% |
| Dua Capital Ltd. (Federation of Malaysia), 2.78%, 5/11/2031 | $14829000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13369411 |
| PETRONAS Capital Ltd. (Federation of Malaysia), 4.95%, 1/03/2031 (n) | 41741000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42354360 |
| PETRONAS Capital Ltd. (Federation of Malaysia), 5.34%, 4/03/2035 (n) | 42111000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42781177 |
| PETRONAS Capital Ltd. (Federation of Malaysia), 5.848%, 4/03/2055 (n) | 26736000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26581126 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$125086074 |
| Mexico – 4.6% | Mexico – 4.6% | Mexico – 4.6% |
| Banco Nacional de Comercio Exterior, S.N.C. (United Mexican States) , 5.875%, 5/07/2030 (n)(w) | $10815000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10766549 |
| Banco Santander Mexico S.A., 5.621%, 12/10/2029 (n) | 10560000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10692000 |
| BBVA Bancomer S.A. (Texas), 8.45% to 6/29/2033, FLR (CMT - 5yr. + 4.661%) to 6/29/2038 (n) | 12140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12606111 |
| BBVA Bancomer S.A. (Texas), 8.45%, 6/29/2038 | &nbsp;&nbsp;1300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1349913 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Mexico – continued | Mexico – continued | Mexico – continued |
| BBVA Bancomer S.A. (Texas), 8.125%, 1/08/2039 (n) | $&nbsp;&nbsp;7287000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7424877 |
| BBVA Mexico S.A., 7.625%, 2/11/2035 (n) | 11107000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11162535 |
| Bimbo Bakeries USA, Inc., 5.375%, 1/09/2036 (n) | &nbsp;&nbsp;7474000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7291452 |
| Gruma S.A.B. de C.V., 5.39%, 12/09/2034 (n) | 16846000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16643848 |
| Gruma S.A.B. de C.V., 5.761%, 12/09/2054 (n) | &nbsp;&nbsp;9160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8518800 |
| Infraestructura Energética Nova S.A.B. de C.V., 4.875%, 1/14/2048 (n) | &nbsp;&nbsp;9897000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7039727 |
| Infraestructura Energética Nova S.A.B. de C.V., 4.875%, 1/14/2048 | 13416000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9542788 |
| Petroleos Mexicanos, 6.49%, 1/23/2027 | 11215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10958240 |
| Petroleos Mexicanos, 8.75%, 6/02/2029 | &nbsp;&nbsp;7565000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7439859 |
| Petroleos Mexicanos, 6.84%, 1/23/2030 | &nbsp;&nbsp;8038000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7159727 |
| Petroleos Mexicanos, 5.95%, 1/28/2031 | 31854000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26354850 |
| Petroleos Mexicanos, 6.7%, 2/16/2032 | 22804000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19546696 |
| Petroleos Mexicanos, 6.75%, 9/21/2047 | 14235000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9560581 |
| Petroleos Mexicanos, 7.69%, 1/23/2050 | 34225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24970527 |
| Saavi Energia S.à r.l., 8.875%, 2/10/2035 (n) | 17741000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17829705 |
| United Mexican States, 6%, 5/07/2036 | 10517000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10017106 |
| United Mexican States, 6.875%, 5/13/2037 | 33158000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33479008 |
| United Mexican States, 6.338%, 5/04/2053 | 27309000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23958950 |
| United Mexican States, 6.4%, 5/07/2054 | 14063000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12438273 |
| United Mexican States, 7.375%, 5/13/2055 | 16198000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16034076 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$322786198 |
| Montenegro – 0.3% | Montenegro – 0.3% | Montenegro – 0.3% |
| Republic of Montenegro, 7.25%, 3/12/2031 | $&nbsp;&nbsp;4557000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4589469 |
| Republic of Montenegro, 4.875%, 4/01/2032 (n) | 13310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14617076 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$19206545 |
| Morocco – 2.4% | Morocco – 2.4% | Morocco – 2.4% |
| Kingdom of Morocco, 5.95%, 3/08/2028 (n) | $&nbsp;&nbsp;3413000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3468803 |
| Kingdom of Morocco, 5.95%, 3/08/2028 | &nbsp;&nbsp;2100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2134335 |
| Kingdom of Morocco, 3%, 12/15/2032 | 14906000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12290608 |
| Kingdom of Morocco, 6.5%, 9/08/2033 (n) | 17790000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18389523 |
| Kingdom of Morocco, 6.5%, 9/08/2033 | &nbsp;&nbsp;&nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;723590 |
| Kingdom of Morocco, 4.75%, 4/02/2035 (n) | 33693000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37890831 |
| OCP S.A. (Kingdom of Morocco), 6.1%, 4/30/2030 (n) | $13660000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13668902 |
| OCP S.A. (Kingdom of Morocco), 6.7%, 3/01/2036 (n) | 17264000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17089288 |
| Office Cherifien des Phosphates S.A. (Kingdom of Morocco), 6.75%, 5/02/2034 (n) | 19968000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20157696 |
| Office Cherifien des Phosphates S.A. (Kingdom of Morocco), 5.125%, 6/23/2051 | 19190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14056675 |
| Office Cherifien des Phosphates S.A. (Kingdom of Morocco), 7.5%, 5/02/2054 (n) | 25059000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24620468 |
| Office Cherifien des Phosphates S.A. (Kingdom of Morocco), 7.5%, 5/02/2054 | &nbsp;&nbsp;&nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;687750 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$165178469 |
| Nigeria – 1.1% | Nigeria – 1.1% | Nigeria – 1.1% |
| Federal Republic of Nigeria, 9.625%, 6/09/2031 (n) | $&nbsp;&nbsp;6877000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6473320 |
| Federal Republic of Nigeria, 7.875%, 2/16/2032 | &nbsp;&nbsp;7487000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6485988 |
| Federal Republic of Nigeria, 7.375%, 9/28/2033 (n) | &nbsp;&nbsp;3825000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3128276 |
| Federal Republic of Nigeria, 7.375%, 9/28/2033 | 39249000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32099795 |
| Federal Republic of Nigeria, 7.696%, 2/23/2038 | 33749000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26229723 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$74417102 |
| Oman – 2.3% | Oman – 2.3% | Oman – 2.3% |
| Oryx Funding Ltd. (Sultanate of Oman), 5.8%, 2/03/2031 (n) | $&nbsp;&nbsp;6128000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6143871 |
| Sultanate of Oman, 6.5%, 3/08/2047 | 32737000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32480211 |
| Sultanate of Oman, 6.75%, 1/17/2048 | 72840000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73621719 |
| Sultanate of Oman, 7%, 1/25/2051 | 49450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51441055 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$163686856 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Pakistan – 0.6% | Pakistan – 0.6% | Pakistan – 0.6% |
| Islamic Republic of Pakistan, 6.875%, 12/05/2027 | $&nbsp;&nbsp;29360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$25778080 |
| Islamic Republic of Pakistan, 7.375%, 4/08/2031 | &nbsp;&nbsp;18585000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14648381 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$40426461 |
| Panama – 0.9% | Panama – 0.9% | Panama – 0.9% |
| Panama Canal Railway Co., 7%, 11/01/2026 | $&nbsp;&nbsp;&nbsp;&nbsp;1342422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1374640 |
| Panama Canal Railway Co., 7%, 11/01/2026 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272824 |
| Republic of Panama, 2.252%, 9/29/2032 | &nbsp;&nbsp;22120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16146524 |
| Republic of Panama, 8%, 3/01/2038 | &nbsp;&nbsp;26096000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27011304 |
| Republic of Panama, 3.87%, 7/23/2060 | &nbsp;&nbsp;16751000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9042866 |
| Republic of Panama, 4.5%, 1/19/2063 | &nbsp;&nbsp;18446000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11214928 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$65063086 |
| Paraguay – 2.1% | Paraguay – 2.1% | Paraguay – 2.1% |
| Banco Continental S.A.E.C.A., 2.75%, 12/10/2025 (n) | $&nbsp;&nbsp;&nbsp;&nbsp;6079000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5974829 |
| Republic of Paraguay, 4.95%, 4/28/2031 | &nbsp;&nbsp;13116000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12906256 |
| Republic of Paraguay, 3.849%, 6/28/2033 | &nbsp;&nbsp;24374000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21875665 |
| Republic of Paraguay, 5.6%, 3/13/2048 | &nbsp;&nbsp;33211000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29106785 |
| Republic of Paraguay, 5.4%, 3/30/2050 | &nbsp;&nbsp;68284000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57956045 |
| Republic of Paraguay, 6.65%, 3/04/2055 (n) | &nbsp;&nbsp;14418000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14255797 |
| Telefónica Celular del Paraguay S.A., 5.875%, 4/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;5330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5287413 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$147362790 |
| Peru – 2.2% | Peru – 2.2% | Peru – 2.2% |
| Banco De Credito del Peru, 6.45%, 7/30/2035 (n) | $&nbsp;&nbsp;19476000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$19431205 |
| Compania de Minas Buenaventura S.A.A., 6.8%, 2/04/2032 (n) | &nbsp;&nbsp;&nbsp;&nbsp;6883000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6831446 |
| Corporacion Financiera de Desarrollo S.A. (Republic of Peru), 5.95%, 4/30/2029 (n) | &nbsp;&nbsp;20118000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20582424 |
| Corporacion Financiera de Desarrollo S.A. (Republic of Peru), 5.95%, 4/30/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;716160 |
| Corporacion Financiera de Desarrollo S.A. (Republic of Peru), 5.5%, 5/06/2030 (n)(w) | &nbsp;&nbsp;&nbsp;&nbsp;9924000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9948415 |
| Kallpa Generacion S.A., 5.875%, 1/30/2032 (n) | &nbsp;&nbsp;18021000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18264284 |
| Peru LNG, 5.375%, 3/22/2030 | &nbsp;&nbsp;&nbsp;&nbsp;7623943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6894073 |
| Republic of Peru, 6.95%, 8/12/2031 | &nbsp;&nbsp;46743000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13846214 |
| Republic of Peru, 5.375%, 2/08/2035 | $&nbsp;&nbsp;16084000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15835684 |
| Republic of Peru, 5.875%, 8/08/2054 | &nbsp;&nbsp;19636000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18595292 |
| San Miguel Industrias PET S.A., 3.75%, 8/02/2028 (n) | &nbsp;&nbsp;23789000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21826408 |
| San Miguel Industrias PET S.A., 3.75%, 8/02/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;642250 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$153413855 |
| Philippines – 0.8% | Philippines – 0.8% | Philippines – 0.8% |
| Republic of Philippines, 6.375%, 7/27/2030 | 691520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12624098 |
| Republic of Philippines, 8%, 7/19/2031 | 546315000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10764476 |
| Republic of Philippines, 3.556%, 9/29/2032 | $&nbsp;&nbsp;&nbsp;&nbsp;7354000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6735328 |
| Republic of Philippines, 5.609%, 4/13/2033 | &nbsp;&nbsp;&nbsp;&nbsp;8598000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8930571 |
| Republic of Philippines, 1.2%, 4/28/2033 | &nbsp;&nbsp;&nbsp;&nbsp;7255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6801082 |
| Republic of Philippines, 5%, 7/17/2033 | $&nbsp;&nbsp;&nbsp;&nbsp;5959000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5955238 |
| Republic of Philippines, 1.75%, 4/28/2041 | &nbsp;&nbsp;&nbsp;&nbsp;4838000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3870766 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$55681559 |
| Poland – 3.6% | Poland – 3.6% | Poland – 3.6% |
| Bank Gospodarstwa Krajowego (Republic of Poland), 3.25%, 3/18/2030 | &nbsp;&nbsp;17139000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$19677827 |
| Bank Gospodarstwa Krajowego (Republic of Poland), 5.375%, 5/22/2033 (n) | $&nbsp;&nbsp;&nbsp;&nbsp;9601000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9663752 |
| Bank Gospodarstwa Krajowego (Republic of Poland), 5.75%, 7/09/2034 (n) | &nbsp;&nbsp;14258000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14572674 |
| Bank Gospodarstwa Krajowego (Republic of Poland), 3.875%, 3/13/2035 | &nbsp;&nbsp;&nbsp;&nbsp;6757000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7627420 |
| Bank Gospodarstwa Krajowego (Republic of Poland), 6.25%, 7/09/2054 (n) | $&nbsp;&nbsp;10585000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10569948 |
| Bank Hospodarates Krajowego (Republic of Poland), 4.25%, 3/18/2037 | &nbsp;&nbsp;21753000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24787393 |
| Orlen S.A., 6%, 1/30/2035 (n) | $&nbsp;&nbsp;20056000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20267034 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Poland – continued | Poland – continued | Poland – continued |
| Republic of Poland, 4.625%, 3/18/2029 | $&nbsp;&nbsp;12948000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13089846 |
| Republic of Poland, 4.875%, 2/12/2030 | &nbsp;&nbsp;24497000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24976096 |
| Republic of Poland, 5.125%, 9/18/2034 | &nbsp;&nbsp;11187000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11158334 |
| Republic of Poland, 5%, 10/25/2034 | 115667000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30134342 |
| Republic of Poland, 3.625%, 1/16/2035 | &nbsp;&nbsp;12055000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13864838 |
| Republic of Poland, 5.375%, 2/12/2035 | $&nbsp;&nbsp;35576000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35947633 |
| Republic of Poland, 5.5%, 3/18/2054 | &nbsp;&nbsp;15058000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13995991 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$250333128 |
| Qatar – 0.5% | Qatar – 0.5% | Qatar – 0.5% |
| CBQ Finance Ltd., 5.375%, 3/28/2029 | $&nbsp;&nbsp;10680000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10919980 |
| Ooredoo International Finance Ltd. (State of Qatar), 4.625%, 10/10/2034 (n) | &nbsp;&nbsp;13959000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13698734 |
| QNB Finance Ltd. (State of Qatar), 2.75%, 2/12/2027 | &nbsp;&nbsp;11978000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11620960 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$36239674 |
| Romania – 1.9% | Romania – 1.9% | Romania – 1.9% |
| Republic of Romania, 5.25%, 11/25/2027 (n) | $&nbsp;&nbsp;16934000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16793636 |
| Republic of Romania, 6.625%, 2/17/2028 (n) | &nbsp;&nbsp;10044000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10275774 |
| Republic of Romania, 5.875%, 1/30/2029 (n) | &nbsp;&nbsp;11260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11155113 |
| Republic of Romania, 5.875%, 1/30/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;693480 |
| Republic of Romania, 3.625%, 3/27/2032 | &nbsp;&nbsp;12586000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10442948 |
| Republic of Romania, 7.125%, 1/17/2033 (n) | &nbsp;&nbsp;10940000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11045965 |
| Republic of Romania, 7.125%, 1/17/2033 | &nbsp;&nbsp;18024000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18198580 |
| Republic of Romania, 6.375%, 1/30/2034 (n) | &nbsp;&nbsp;10284000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9741416 |
| Republic of Romania, 6%, 5/25/2034 (n) | &nbsp;&nbsp;15160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14005315 |
| Republic of Romania, 5.75%, 3/24/2035 | &nbsp;&nbsp;15296000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13555621 |
| Republic of Romania, 7.5%, 2/10/2037 (n) | &nbsp;&nbsp;14430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14359293 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$130267141 |
| Saudi Arabia – 3.2% | Saudi Arabia – 3.2% | Saudi Arabia – 3.2% |
| BSF Finance, 5.5%, 11/23/2027 | $&nbsp;&nbsp;11422000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11619304 |
| Kingdom of Saudi Arabia, 5.625%, 1/13/2035 (n) | &nbsp;&nbsp;10031000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10380039 |
| Kingdom of Saudi Arabia, 4.625%, 10/04/2047 | &nbsp;&nbsp;40629000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33287340 |
| Kingdom of Saudi Arabia, 3.25%, 11/17/2051 (n) | &nbsp;&nbsp;14710000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9197854 |
| Kingdom of Saudi Arabia, 5%, 1/18/2053 (n) | &nbsp;&nbsp;17476000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14816327 |
| Kingdom of Saudi Arabia, 5%, 1/18/2053 | &nbsp;&nbsp;14821000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12565392 |
| Kingdom of Saudi Arabia, 3.75%, 1/21/2055 | &nbsp;&nbsp;&nbsp;&nbsp;7979000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5384293 |
| Ma'aden Sukuk Ltd. (Saudi Arabia), 5.25%, 2/13/2030 (n) | &nbsp;&nbsp;29282000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29756105 |
| Ma'aden Sukuk Ltd. (Saudi Arabia), 5.5%, 2/13/2035 (n) | &nbsp;&nbsp;13934000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14165569 |
| Saudi Arabian Oil Co., 3.5%, 4/16/2029 | &nbsp;&nbsp;&nbsp;&nbsp;7781000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7452719 |
| Saudi Arabian Oil Co., 5.25%, 7/17/2034 (n) | &nbsp;&nbsp;13862000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13966797 |
| Saudi Arabian Oil Co., 5.75%, 7/17/2054 (n) | &nbsp;&nbsp;&nbsp;&nbsp;7430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6902470 |
| Saudi Arabian Oil Co., 5.875%, 7/17/2064 (n) | &nbsp;&nbsp;&nbsp;&nbsp;7446000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6855085 |
| Saudi Aramco (Kingdom of Saudi Arabia), 4.5%, 10/26/2046 | &nbsp;&nbsp;33770000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27299668 |
| Saudi Electricity Sukuk Programme Co., 5.225%, 2/18/2030 | &nbsp;&nbsp;17452000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17661424 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$221310386 |
| Serbia – 1.2% | Serbia – 1.2% | Serbia – 1.2% |
| Republic of Serbia, 6.25%, 5/26/2028 (n) | $&nbsp;&nbsp;12636000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12955708 |
| Republic of Serbia, 6.25%, 5/26/2028 | &nbsp;&nbsp;&nbsp;&nbsp;4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4101205 |
| Republic of Serbia, 2.125%, 12/01/2030 | &nbsp;&nbsp;12912000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10772440 |
| Republic of Serbia, 1.65%, 3/03/2033 | &nbsp;&nbsp;15464000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13909147 |
| Republic of Serbia, 6%, 6/12/2034 (n) | $&nbsp;&nbsp;18140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17912153 |
| Republic of Serbia, 6%, 6/12/2034 | &nbsp;&nbsp;&nbsp;&nbsp;3211000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3170668 |
| Telecommunications Co. (Republic of Serbia), 7%, 10/28/2029 (n) | &nbsp;&nbsp;18427000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18267349 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$81088670 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Singapore – 0.6% | Singapore – 0.6% | Singapore – 0.6% |
| Oversea-Chinese Banking Corp. Ltd., 4.602% to 6/15/2027, FLR (CMT - 5yr. + 1.575%) to 6/15/2032 | $10430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10404343 |
| United Overseas Bank Ltd., 2% to 10/14/2026, FLR (CMT - 5yr. + 1.23%) to 10/14/2031 (n) | 18169000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17486795 |
| United Overseas Bank Ltd., 2% to 10/14/2026, FLR (CMT - 1yr. + 1.23%) to 10/14/2031 | &nbsp;&nbsp;&nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;673717 |
| United Overseas Bank Ltd., 3.863% to 10/07/2027, FLR (CMT - 5yr. + 1.45%) to 10/07/2032 (n) | &nbsp;&nbsp;9368000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9189234 |
| United Overseas Bank Ltd., 3.863% to 10/07/2027, FLR (CMT - 5yr. + 1.45%) to 10/07/2032 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;980918 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$38735007 |
| Slovakia – 0.3% | Slovakia – 0.3% | Slovakia – 0.3% |
| Eustream A.S. (Slovak Republic), 1.625%, 6/25/2027 | 19412000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$21025670 |
| Slovenia – 0.2% | Slovenia – 0.2% | Slovenia – 0.2% |
| United Group B.V., 6.5%, 10/31/2031 (n) | 10157000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11736490 |
| South Africa – 1.8% | South Africa – 1.8% | South Africa – 1.8% |
| Eskom Holdings SOC Ltd. (Republic of South Africa), 6.35%, 8/10/2028 | $12354000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12184503 |
| Petra Diamonds US$ Treasury PLC, 9.75%, 3/08/2026 (n) | &nbsp;&nbsp;9560024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5163441 |
| Petra Diamonds US$ Treasury PLC, 9.75%, 3/08/2026 | &nbsp;&nbsp;&nbsp;&nbsp;368260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198900 |
| Republic of South Africa, 7.1%, 11/19/2036 (n) | 30796000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29353653 |
| Republic of South Africa, 5.75%, 9/30/2049 | 14206000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10175545 |
| Republic of South Africa, 7.3%, 4/20/2052 | 42218000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36207212 |
| Republic of South Africa, 7.95%, 11/19/2054 (n) | 25481000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23280181 |
| Sasol Financing (USA) LLC, 5.5%, 3/18/2031 | 15875000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12288780 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$128852215 |
| Sri Lanka – 0.6% | Sri Lanka – 0.6% | Sri Lanka – 0.6% |
| Republic of Sri Lanka, 4%, 4/15/2028 (n) | $&nbsp;&nbsp;3683554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3397561 |
| Republic of Sri Lanka, 3.1%, 1/15/2030 (n) | &nbsp;&nbsp;4339176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3493037 |
| Republic of Sri Lanka, 3.35%, 3/15/2033 (n) | 26522898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18367107 |
| Republic of Sri Lanka, 3.6%, 6/15/2035 (n) | &nbsp;&nbsp;5747032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3706433 |
| Republic of Sri Lanka, 3.6%, 5/15/2036 (n) | 12077609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8393938 |
| Republic of Sri Lanka, 3.6%, 2/15/2038 (n) | &nbsp;&nbsp;7380500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5166350 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$42524426 |
| Thailand – 0.8% | Thailand – 0.8% | Thailand – 0.8% |
| Bangkok Bank Public Co. Ltd., 5.5%, 9/21/2033 | $&nbsp;&nbsp;7013000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7132240 |
| Bangkok Bank Public Co. Ltd., 3.733% to 9/25/2029, FLR (CMT - 5yr. + 1.9%) to 9/25/2034 | 30912000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28473949 |
| Bangkok Bank Public Co. Ltd. (Hong Kong), 5.65%, 7/05/2034 (n) | 10508000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10742318 |
| Export-Import Bank of Thailand, 5.354%, 5/16/2029 | &nbsp;&nbsp;9999000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10248443 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$56596950 |
| Turkey – 3.3% | Turkey – 3.3% | Turkey – 3.3% |
| Hazine Mustesarligi Varlik Kiralama A.S. (Republic of Turkey), 6.5%, 4/26/2030 (n) | $13850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13728397 |
| Republic of Turkey, 5.125%, 2/17/2028 | &nbsp;&nbsp;6956000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6713013 |
| Republic of Turkey, 8.509%, 1/14/2029 (n) | 13629000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14429404 |
| Republic of Turkey, 5.25%, 3/13/2030 | 30868000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28514778 |
| Republic of Turkey, 5.95%, 1/15/2031 | 23897000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22292364 |
| Republic of Turkey, 5.875%, 6/26/2031 | 44390000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41019245 |
| Republic of Turkey, 6.5%, 1/03/2035 | 26054000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23841248 |
| Republic of Turkey, 6%, 1/14/2041 | &nbsp;&nbsp;8547000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6803309 |
| Republic of Turkey, 5.75%, 5/11/2047 | 42553000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30745649 |
| T.C. Ziraat Bankasi A.S., 7.25%, 2/04/2030 (n) | 13890000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13669844 |
| Turkcell Iletisim Hizmetleri A.S., 7.65%, 1/24/2032 (n) | &nbsp;&nbsp;6760000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6762461 |
| Turkiye Ihracat Kredi Bankasi A.S., 7.5%, 2/06/2028 (n) | &nbsp;&nbsp;9289000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9363869 |
| Turkiye Vakiflar Bankasi T.A.O., 6.875%, 1/07/2030 (n) | 15303000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14873574 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$232757155 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Ukraine – 0.8% | Ukraine – 0.8% | Ukraine – 0.8% |
| Government of Ukraine, 0%, 2/01/2034 (n) | $&nbsp;&nbsp;47816067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$17931025 |
| Government of Ukraine, 1.75%, 2/01/2035 (n) | &nbsp;&nbsp;16371030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7972692 |
| Government of Ukraine, 1.75%, 2/01/2036 (n) | &nbsp;&nbsp;24382527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11727995 |
| Government of Ukraine, GDP Linked Bond, 7.75%, 8/01/2041 (a) | &nbsp;&nbsp;24287000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17000900 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$54632612 |
| United Arab Emirates – 3.1% | United Arab Emirates – 3.1% | United Arab Emirates – 3.1% |
| Abu Dhabi Crude Oil Pipeline, 4.6%, 11/02/2047 | $&nbsp;&nbsp;21488000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$19025798 |
| Abu Dhabi Developmental Holding Co. PJSC, 5.375%, 5/08/2029 (n) | &nbsp;&nbsp;&nbsp;&nbsp;6940000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7147020 |
| Abu Dhabi Developmental Holding Co. PJSC, 4.5%, 5/06/2030 (n)(w) | &nbsp;&nbsp;15121000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15044639 |
| Abu Dhabi Developmental Holding Co. PJSC, 4.375%, 10/02/2031 (n) | &nbsp;&nbsp;14205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13964083 |
| Abu Dhabi Developmental Holding Co. PJSC, 5.5%, 5/08/2034 (n) | &nbsp;&nbsp;24398000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25332980 |
| Abu Dhabi Developmental Holding Co. PJSC, 5%, 5/06/2035 (n)(w) | &nbsp;&nbsp;20435000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20307281 |
| Abu Dhabi Developmental Holding Co. PJSC, 5.25%, 10/02/2054 (n) | &nbsp;&nbsp;15309000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13985690 |
| Abu Dhabi National Energy Co. PJSC, 4.75%, 3/09/2037 (n) | &nbsp;&nbsp;11260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10767375 |
| Aldar Properties PJSC, 6.622% to 4/15/2032, FLR (CMT - 5yr. + 2.042%) to 4/15/2035, FLR (CMT - 5yr. + 3.042%) to 4/15/2055 | &nbsp;&nbsp;13932000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13963779 |
| DP World Crescent Ltd. (United Arab Emirates), 5.5%, 5/08/2035 (n)(w) | &nbsp;&nbsp;26444000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26177974 |
| Emirates Sembcorp Water & Power Co. (United Arab Emirates), 4.45%, 8/01/2035 (n) | &nbsp;&nbsp;&nbsp;&nbsp;1430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1337050 |
| Emirates Sembcorp Water & Power Co. (United Arab Emirates), 4.45%, 8/01/2035 | &nbsp;&nbsp;&nbsp;&nbsp;2400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2244000 |
| First Abu Dhabi Bank PJSC, 6.32% to 4/04/2029, FLR (CMT - 5yr. + 1.7%) to 4/04/2034 | &nbsp;&nbsp;14569000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15022460 |
| First Abu Dhabi Bank PJSC, 5.804% to 1/16/2030, FLR (CMT - 5yr. + 1.55%) to 1/16/2035 | &nbsp;&nbsp;&nbsp;&nbsp;7112000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7227641 |
| National Central Cooling Co., 5.279%, 3/05/2030 | &nbsp;&nbsp;16815000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17102483 |
| National Central Cooling Co. PJSC (United Arab Emirates), 2.5%, 10/21/2027 | &nbsp;&nbsp;&nbsp;&nbsp;6892000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6523175 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$215173428 |
| United Kingdom – 0.2% | United Kingdom – 0.2% | United Kingdom – 0.2% |
| ContourGlobal Power Holdings S.A., 6.75%, 2/28/2030 (n) | $&nbsp;&nbsp;14637000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14811357 |
| United States – 6.2% | United States – 6.2% | United States – 6.2% |
| JBS USA Lux S.A./JBS USA Food Co./JBS USA Finance, Inc., 3.625%, 1/15/2032 | $&nbsp;&nbsp;17513000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15844801 |
| U.S. Treasury Bonds, 3.5%, 2/15/2039 (f) | &nbsp;&nbsp;30977000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28107997 |
| U.S. Treasury Bonds, 2.5%, 2/15/2046 | &nbsp;&nbsp;89151600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62413084 |
| U.S. Treasury Notes, 3.875%, 9/30/2029 | &nbsp;&nbsp;&nbsp;&nbsp;9549000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9619872 |
| U.S. Treasury Notes, 2.75%, 8/15/2032 | 343075000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316821721 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$432807475 |
| Uruguay – 1.0% | Uruguay – 1.0% | Uruguay – 1.0% |
| Oriental Republic of Uruguay, 5.75%, 10/28/2034 | $&nbsp;&nbsp;15054000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15712612 |
| Oriental Republic of Uruguay, 5.442%, 2/14/2037 | &nbsp;&nbsp;22045000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22436299 |
| Oriental Republic of Uruguay, 4.975%, 4/20/2055 | &nbsp;&nbsp;19989000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17565334 |
| Oriental Republic of Uruguay, 5.25%, 9/10/2060 | &nbsp;&nbsp;19276997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17383418 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$73097663 |
| Uzbekistan – 2.6% | Uzbekistan – 2.6% | Uzbekistan – 2.6% |
| JSCB Agrobank (Republic of Uzbekistan), 9.25%, 10/02/2029 (n) | $&nbsp;&nbsp;17750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$18327813 |
| National Bank of Uzbekistan, 4.85%, 10/21/2025 | &nbsp;&nbsp;12812000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12703815 |
| National Bank of Uzbekistan, 8.5%, 7/05/2029 | &nbsp;&nbsp;11129000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11354687 |
| Navoi Mining & Metallurgical Co. (Republic of Uzbekistan), 6.7%, 10/17/2028 (n) | &nbsp;&nbsp;10875000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11082730 |
| Navoi Mining & Metallurgical Co. (Republic of Uzbekistan), 6.7%, 10/17/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;611461 |
| Navoi Mining & Metallurgical Co. (Republic of Uzbekistan), 6.95%, 10/17/2031 (n) | &nbsp;&nbsp;15934000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16050940 |
| Navoi Mining & Metallurgical Co. (Republic of Uzbekistan), 6.95%, 10/17/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;604403 |
| Republic of Uzbekistan, 5.1%, 2/25/2029 (n) | &nbsp;&nbsp;18857000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21747362 |
| Republic of Uzbekistan, 3.9%, 10/19/2031 | $&nbsp;&nbsp;17611000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14919969 |
| Republic of Uzbekistan, 6.9%, 2/28/2032 (n) | &nbsp;&nbsp;19072000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19070093 |
| Republic of Uzbekistan, 6.9%, 2/28/2032 | &nbsp;&nbsp;&nbsp;&nbsp;1300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1299870 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Uzbekistan – continued | Uzbekistan – continued | Uzbekistan – continued |
| Republic of Uzbekistan, 6.947%, 5/25/2032 (n) | $&nbsp;&nbsp;18002000 | &nbsp;&nbsp;&nbsp;$17997566 |
| Uzbek Industrial and Construction Bank, 8.95%, 7/24/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;716100 |
| Uzbek Industrial and Construction Bank ATB (Republic of Uzbekistan), 8.95%, 7/24/2029 (n) | &nbsp;&nbsp;18284000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18704532 |
| Uzbekneftegaz JSC (Republic of Uzbekistan), 4.75%, 11/16/2028 (n) | &nbsp;&nbsp;13746000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12414700 |
| Uzbekneftegaz JSC (Republic of Uzbekistan), 4.75%, 11/16/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;632205 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$178238246 |
| Venezuela – 0.4% | Venezuela – 0.4% | Venezuela – 0.4% |
| Republic of Venezuela, 9%, 5/07/2023 (a)(d) | $&nbsp;&nbsp;10104000 | &nbsp;&nbsp;&nbsp;$1465080 |
| Republic of Venezuela, 8.25%, 10/13/2024 (a)(d) | &nbsp;&nbsp;17593000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2507002 |
| Republic of Venezuela, 7.65%, 4/21/2025 (a)(d) | &nbsp;&nbsp;29188000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4159290 |
| Republic of Venezuela, 9.25%, 9/15/2027 (a)(d) | &nbsp;&nbsp;43779000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7551877 |
| Republic of Venezuela, 9.375%, 1/13/2034 (a)(d) | &nbsp;&nbsp;&nbsp;&nbsp;1253000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259998 |
| Republic of Venezuela, 7%, 3/31/2038 (a)(d) | &nbsp;&nbsp;64697500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9704625 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$25647872 |
| Vietnam – 0.1% | Vietnam – 0.1% | Vietnam – 0.1% |
| Mong Duong Finance Holdings B.V., 5.125%, 5/07/2029 | $&nbsp;&nbsp;&nbsp;&nbsp;7067159 | &nbsp;&nbsp;&nbsp;$6785106 |
| Zambia – 0.6% | Zambia – 0.6% | Zambia – 0.6% |
| First Quantum Minerals Ltd., 8%, 3/01/2033 (n) | $&nbsp;&nbsp;17608000 | &nbsp;&nbsp;&nbsp;$17420982 |
| Republic of Zambia, 5.75%, 6/30/2033 | &nbsp;&nbsp;23654457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20539165 |
| Republic of Zambia, 0.5%, 12/31/2053 | &nbsp;&nbsp;&nbsp;&nbsp;7037733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4009045 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$41969192 |
| **Total Bonds** |  | &nbsp;&nbsp;**$6671044279** |
| Mutual Funds (h) – 4.9% | Mutual Funds (h) – 4.9% | Mutual Funds (h) – 4.9% |
| Money Market Funds – 4.9% | Money Market Funds – 4.9% |  |
| MFS Institutional Money Market Portfolio, 4.36% (v) | 344990320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$344990320 |
| Other Assets, Less Liabilities – (0.4)% |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(28552841) |
| **Net Assets – 100.0%** |  | &nbsp;&nbsp;**$6987481758** |

---

(a) Non-income producing security.

(d) In default.

(f) All or a portion of the security has been segregated as collateral for open futures contracts.

(h) An affiliated issuer, which may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. At period end, the aggregate values of
the fund's investments in affiliated issuers and in unaffiliated issuers were $344,990,320 and $6,671,044,279, respectively.

(n) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to
qualified institutional buyers. At period end, the aggregate value of these securities was $2,841,511,467, representing 40.7% of net assets.

(p) Payment-in-kind (PIK) security for which interest income may be received in additional securities and/or cash.

(v) Affiliated issuer that is available only to investment companies managed by MFS. The rate quoted for the MFS Institutional Money Market Portfolio is the annualized seven-day yield of the fund at period
end.

(w) When-issued security.

---

| | |
|:---|:---|
| The following abbreviations are used in this report and are defined: | The following abbreviations are used in this report and are defined: |
| CMT | Constant Maturity Treasury |
| FLR | Floating Rate. Interest rate resets periodically based on the parenthetically disclosed reference rate plus a spread (if any). The period-end rate reported may not be the current rate. All reference rates are USD unless otherwise noted. |
| SOFR | Secured Overnight Financing Rate |

---

---

| | |
|:---|:---|
| Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise indicated. A list of abbreviations is shown below: | Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise indicated. A list of abbreviations is shown below: |
| BRL | Brazilian Real |
| CNH | Chinese Yuan Renminbi (Offshore) |

---

------

Portfolio of Investments (unaudited) – continued

---

| | |
|:---|:---|
| CZK | Czech Koruna |
| EUR | Euro |
| INR | Indian Rupee |
| JPY | Japanese Yen |
| MXN | Mexican Peso |
| PEN | Peruvian Nuevo Sol |
| PHP | Philippine Peso |
| PLN | Polish Zloty |
| TRY | Turkish Lira |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Derivative Contracts at 4/30/25** | **Derivative Contracts at 4/30/25** | **Derivative Contracts at 4/30/25** | **Derivative Contracts at 4/30/25** | **Derivative Contracts at 4/30/25** | **Derivative Contracts at 4/30/25** | **Derivative Contracts at 4/30/25** |
| **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** |
| **Currency<br> Purchased** | **Currency<br> Purchased** | &nbsp;&nbsp;**Currency<br> Sold** | &nbsp;&nbsp;**Currency<br> Sold** | &nbsp;&nbsp;**Counterparty** | &nbsp;&nbsp;**Settlement<br> Date** | &nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)** |
| **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** |
| BRL | &nbsp;&nbsp;&nbsp;&nbsp;126800000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21426158 | &nbsp;&nbsp;Goldman Sachs International | &nbsp;&nbsp;6/02/2025 | &nbsp;&nbsp;&nbsp;$758109 |
| BRL | &nbsp;&nbsp;&nbsp;&nbsp;183159000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30959712 | &nbsp;&nbsp;JPMorgan Chase Bank N.A. | &nbsp;&nbsp;6/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp;1084832 |
| BRL | &nbsp;&nbsp;&nbsp;&nbsp;109084000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18452846 | &nbsp;&nbsp;Merrill Lynch International | &nbsp;&nbsp;6/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;631922 |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12774924 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14030064 | &nbsp;&nbsp;JPMorgan Chase Bank N.A. | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;508759 |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11330904 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12768319 | &nbsp;&nbsp;Morgan Stanley Capital Services LLC | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127101 |
| JPY | &nbsp;&nbsp;2031275050 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14039972 | &nbsp;&nbsp;Merrill Lynch International | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;289198 |
| MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2217175 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107923 | &nbsp;&nbsp;JPMorgan Chase Bank N.A. | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4039 |
| TRY | &nbsp;&nbsp;&nbsp;&nbsp;525898973 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12513955 | &nbsp;&nbsp;HSBC Bank | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35631 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10353026 | &nbsp;&nbsp;CZK | &nbsp;&nbsp;&nbsp;&nbsp;225685090 | &nbsp;&nbsp;BNP Paribas S.A. | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88574 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6973964 | &nbsp;&nbsp;CZK | &nbsp;&nbsp;&nbsp;&nbsp;153048581 | &nbsp;&nbsp;Citibank N.A. | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13114 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430929 | &nbsp;&nbsp;CZK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9412876 | &nbsp;&nbsp;Goldman Sachs International | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2819 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13910711 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12147656 | &nbsp;&nbsp;JPMorgan Chase Bank N.A. | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85767 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;644238 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560038 | &nbsp;&nbsp;Morgan Stanley Capital Services LLC | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6873 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14012747 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12281168 | &nbsp;&nbsp;State Street Corp. | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35856 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21895674 | &nbsp;&nbsp;PLN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82685354 | &nbsp;&nbsp;BNP Paribas S.A. | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60392 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;948021 | &nbsp;&nbsp;PLN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3560066 | &nbsp;&nbsp;Goldman Sachs International | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7890 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7930063 | &nbsp;&nbsp;PLN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29958201 | &nbsp;&nbsp;Morgan Stanley Capital Services LLC | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18798 |
|  |  |  |  |  |  | &nbsp;&nbsp;$3759674 |
| **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9955360 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11405396 | &nbsp;&nbsp;JPMorgan Chase Bank N.A. | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;$(75450) |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11755053 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13433753 | &nbsp;&nbsp;Merrill Lynch International | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(55620) |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2894428 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3307024 | &nbsp;&nbsp;Morgan Stanley Capital Services LLC | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12947) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70313147 | &nbsp;&nbsp;BRL | &nbsp;&nbsp;&nbsp;&nbsp;413195208 | &nbsp;&nbsp;Deutsche Bank AG | &nbsp;&nbsp;6/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp;(1977332) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;756970 | &nbsp;&nbsp;BRL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4461962 | &nbsp;&nbsp;JPMorgan Chase Bank N.A. | &nbsp;&nbsp;6/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23671) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21366578 | &nbsp;&nbsp;CNH | &nbsp;&nbsp;&nbsp;&nbsp;155299273 | &nbsp;&nbsp;Merrill Lynch International | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(116051) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39174196 | &nbsp;&nbsp;CZK | &nbsp;&nbsp;&nbsp;&nbsp;878089612 | &nbsp;&nbsp;Citibank N.A. | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(762463) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1663838 | &nbsp;&nbsp;CZK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36632264 | &nbsp;&nbsp;Goldman Sachs International | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2245) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;246792001 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;217294491 | &nbsp;&nbsp;Citibank N.A. | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(505448) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98757739 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86917797 | &nbsp;&nbsp;Merrill Lynch International | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(161241) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70353368 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61941687 | &nbsp;&nbsp;State Street Corp. | &nbsp;&nbsp;7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(140923) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33715423 | &nbsp;&nbsp;INR | &nbsp;&nbsp;2970889431 | &nbsp;&nbsp;Barclays Bank PLC | &nbsp;&nbsp;8/07/2025 | &nbsp;&nbsp;&nbsp;&nbsp;(1229714) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17338735 | &nbsp;&nbsp;INR | &nbsp;&nbsp;1519219977 | &nbsp;&nbsp;Citibank N.A. | &nbsp;&nbsp;8/07/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(531115) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10873660 | &nbsp;&nbsp;INR | &nbsp;&nbsp;&nbsp;&nbsp;962482000 | &nbsp;&nbsp;Deutsche Bank AG | &nbsp;&nbsp;8/07/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(447551) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12742527 | &nbsp;&nbsp;PHP | &nbsp;&nbsp;&nbsp;&nbsp;716130000 | &nbsp;&nbsp;Barclays Bank PLC | &nbsp;&nbsp;7/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(50287) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10706195 | &nbsp;&nbsp;PHP | &nbsp;&nbsp;&nbsp;&nbsp;613465000 | &nbsp;&nbsp;Barclays Bank PLC | &nbsp;&nbsp;10/07/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(233983) |
|  |  |  |  |  |  | &nbsp;&nbsp;$(6326041) |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** |
| **Description** | &nbsp;&nbsp;**Long/<br> Short** | &nbsp;&nbsp;**Currency** | &nbsp;&nbsp;**Contracts** | &nbsp;&nbsp;**Notional<br> Amount** | &nbsp;&nbsp;**Expiration<br> Date** | &nbsp;&nbsp;**Value/Unrealized<br> Appreciation<br> (Depreciation)** |
| **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** |
| ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** |  |  |
| U.S. Treasury Bond 30 yr | &nbsp;&nbsp;Long | &nbsp;&nbsp;USD | &nbsp;&nbsp;1095 | &nbsp;&nbsp;$127704375 | &nbsp;&nbsp;June – 2025 | &nbsp;&nbsp;$353080 |
| U.S. Treasury Note 10 yr | &nbsp;&nbsp;Long | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;939 | &nbsp;&nbsp;105373406 | &nbsp;&nbsp;June – 2025 | &nbsp;&nbsp;&nbsp;&nbsp;2307340 |
| U.S. Treasury Note 5 yr | &nbsp;&nbsp;Long | &nbsp;&nbsp;USD | &nbsp;&nbsp;1049 | &nbsp;&nbsp;114545884 | &nbsp;&nbsp;June – 2025 | &nbsp;&nbsp;&nbsp;&nbsp;2553245 |
| U.S. Treasury Ultra Note 10 yr | &nbsp;&nbsp;Long | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;616 | &nbsp;&nbsp;70676375 | &nbsp;&nbsp;June – 2025 | &nbsp;&nbsp;&nbsp;&nbsp;1277858 |
|  |  |  |  |  |  | &nbsp;&nbsp;$6491523 |
| **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** |  |  |
| U.S. Treasury Ultra Bond 30 yr | &nbsp;&nbsp;Long | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;194 | &nbsp;&nbsp;$23480062 | &nbsp;&nbsp;June – 2025 | &nbsp;&nbsp;$(463009) |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Uncleared Swap Agreements** | **Uncleared Swap Agreements** | **Uncleared Swap Agreements** | **Uncleared Swap Agreements** | **Uncleared Swap Agreements** | **Uncleared Swap Agreements** | **Uncleared Swap Agreements** | **Uncleared Swap Agreements** | **Uncleared Swap Agreements** |
| **Maturity<br> Date** | **Maturity<br> Date** | **Notional<br> Amount** | &nbsp;&nbsp;**Counterparty** | &nbsp;&nbsp;**Cash Flows<br> to Receive/<br> Frequency** | &nbsp;&nbsp;**Cash Flows<br> to Pay/<br> Frequency** | &nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)** | &nbsp;&nbsp;**Net Unamortized<br> Upfront Payments<br> (Receipts)** | &nbsp;&nbsp;**Value** |
| **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** |  |  |  |
| ***Credit Default Swaps*** | ***Credit Default Swaps*** | ***Credit Default Swaps*** | ***Credit Default Swaps*** | ***Credit Default Swaps*** | ***Credit Default Swaps*** |  |  |  |
| 12/20/29 | USD | &nbsp;&nbsp;14868000 | &nbsp;&nbsp;Barclays Bank PLC | &nbsp;&nbsp;(1) | &nbsp;&nbsp;1.00%/Quarterly | &nbsp;&nbsp;$(117178) | &nbsp;&nbsp;$643652 | &nbsp;&nbsp;$526474 |

---

(1) Fund, as protection buyer, to receive notional amount upon a defined credit event by Federative Republic of Brazil, 5.625%, 1/07/2041, a BB rated bond. The fund entered into the contract to buy issuer protection.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

At April 30, 2025, the fund had cash collateral of $5,810,000 and other liquid securities with an aggregate value of $10,783,304 to cover any collateral or margin obligations for certain derivative contracts.

See attached supplemental information. For more information see notes to financial statements as disclosed in the most recent semiannual or annual report.

------

### Supplemental Information
4/30/25 (unaudited)

The fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies.

(1) Investment Valuations

Subject to its oversight, the fund's Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund's investments to MFS as the fund's adviser, pursuant to the fund's valuation policy and procedures which have been adopted by the adviser and approved by the Board. In accordance with Rule 2a-5 under the Investment Company Act of 1940, the Board of Trustees designated the adviser as the "valuation designee" of the fund. If the adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the adviser in accordance with the adviser's fair valuation policy and procedures.

Under the fund's valuation policy and procedures, debt instruments and floating rate loans, including restricted debt instruments, are generally valued at an evaluated or composite bid as provided by a third-party pricing service. Short-term instruments with a maturity at issuance of 60 days or less may be valued at amortized cost, which approximates market value. Futures contracts are generally valued at last posted settlement price on their primary exchange as provided by a third-party pricing service. Futures contracts for which there were no trades that day for a particular position are generally valued at the closing bid quotation on their primary exchange as provided by a third-party pricing service. Forward foreign currency exchange contracts are generally valued at the mean of bid and asked prices for the time period interpolated from rates provided by a third-party pricing service for proximate time periods. Swap agreements are generally valued using valuations provided by a third-party pricing service, which for cleared swaps includes an evaluation of any trading activity at the clearinghouses. Open-end investment companies are generally valued at net asset value per share. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.

Under the fund's valuation policy and procedures, market quotations are not considered to be readily available for debt instruments, floating rate loans, and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services or otherwise determined by the adviser in accordance with the adviser's fair valuation policy and procedures. Securities and other assets generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. In determining values, third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, spreads and other market data. Pricing services generally value debt instruments assuming orderly transactions of institutional round lot sizes, but a fund may hold or transact in such securities in smaller, odd lot sizes. In instances where a fund holds an odd lot size position in a debt instrument, such position will typically be valued using the pricing agent's institutional round lot price for the debt instrument. Odd lots may trade at lower prices than institutional round lots, and the fund may receive different prices when it sells odd lot positions than it would receive for sales of institutional round lot positions. An investment may also be valued at fair value if the adviser determines that the investment's value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the fund's net asset value, or after the halt of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the fund's net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the fund's net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to sell the investment at the same time at which the fund determines its net asset value per share.

Various inputs are used in determining the value of the fund's assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk).

------

Supplemental Information (unaudited) – continued

Level 3 includes significant unobservable inputs, which may include the adviser's own assumptions in determining the fair value of investments. Other financial instruments are derivative instruments, such as futures contracts, forward foreign currency exchange contracts, and swap agreements. The following is a summary of the levels used as of April 30, 2025 in valuing the fund's assets and liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Financial Instruments** | &nbsp;&nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;**Total** |
| U.S. Treasury Bonds & U.S. Government Agencies & Equivalents | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$416962674 | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$416962674 |
| Non - U.S. Sovereign Debt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;4915640295 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;4915640295 |
| U.S. Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15844801 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15844801 |
| Foreign Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;1322596509 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;1322596509 |
| Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp;344990320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;344990320 |
| Total | &nbsp;&nbsp;&nbsp;$344990320 | &nbsp;&nbsp;&nbsp;$6671044279 | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;$7016034599 |
| **Other Financial Instruments** |  |  |  |  |
| Futures Contracts – Assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6491523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6491523 |
| Futures Contracts – Liabilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(463009) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(463009) |
| Forward Foreign Currency Exchange Contracts – Assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3759674 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3759674 |
| Forward Foreign Currency Exchange Contracts – Liabilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6326041) | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6326041) |
| Swap Agreements – Liabilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;526474 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;526474 |

---

For further information regarding security characteristics, see the Portfolio of Investments.

(2) Investments in Affiliated Issuers

An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. For the purposes of this report, the following were affiliated issuers for the period ended April 30, 2025:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Issuers** | &nbsp;&nbsp;**Beginning<br> Value** | &nbsp;&nbsp;**Purchases** | &nbsp;&nbsp;**Sales<br> Proceeds** | &nbsp;&nbsp;**Realized<br> Gain<br> (Loss)** | &nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation or<br> Depreciation** | &nbsp;&nbsp;**Ending<br> Value** |
| MFS Institutional Money Market Portfolio | &nbsp;&nbsp;$473442204 | &nbsp;&nbsp;$1933316188 | &nbsp;&nbsp;$2061683023 | &nbsp;&nbsp;$(44167) | &nbsp;&nbsp;$(40882) | &nbsp;&nbsp;$344990320 |

---

---

| | | |
|:---|:---|:---|
| **Affiliated Issuers** | &nbsp;&nbsp;**Dividend<br> Income** | &nbsp;&nbsp;**Capital Gain<br> Distributions** |
| MFS Institutional Money Market Portfolio | &nbsp;&nbsp;$19031638 | &nbsp;&nbsp;$— |

---

(3) Issuer Country Weightings

Issuer country weighting percentages of portfolio holdings based on net assets, as of April 30, 2025, are as follows:

---

| | |
|:---|:---|
| United States | 9.7% |
| India | 5.6% |
| Mexico | 4.7% |
| Chile | 4.3% |
| Poland | 3.6% |
| Turkey | 3.4% |
| Saudi Arabia | 3.2% |
| United Arab Emirates | 3.1% |
| Dominican Republic | 2.7% |
| Other Countries | 59.7% |

---

The issuer country weighting percentages include both accrued interest amounts and the equivalent exposure from any derivative holdings, if applicable.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MFS SERIES TRUST X

- **b. Investment Company Act file number:** 811-04492

- **c. CIK number of Registrant:** 0000783740

- **d. LEI of Registrant:** 5493001MUVNRNUPJY164

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

  - **Street Address 1:** 111 HUNTINGTON AVENUE

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

  - **Telephone number:** 617-954-5000

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

- **a. Name of Series:** MFS Emerging Markets Debt Fund

- **b. EDGAR series identifier (if any):** S000002511

- **c. LEI of Series:** 509D6AOZZ4SJ08T5BZ82

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

- **a. Date of fiscal year-end:** 2025-07-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $7107672193.89

**Total Liabilities:** $146484242.75

**Net Assets:** $6961187951.14

**Delayed Delivery Securities:** $73903095.43

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -3507.75000000 | **1-Year:** -118391.10000000 | **5-Year:** -614550.61000000 | **10-Year:** -916980.74000000 | **30-Year:** -354781.54000000

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

- **3-Month:** -6252.53000000 | **1-Year:** -155398.60000000 | **5-Year:** -661156.22000000 | **10-Year:** -861124.79000000 | **30-Year:** -316279.90000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006903 | 1.35%                | -0.72%               | -0.40%               |
| Class ID C000074224 | 1.34%                | -0.80%               | -0.47%               |
| Class ID C000074227 | 1.35%                | -0.72%               | -0.40%               |
| Class ID C000034483 | 1.36%                | -0.71%               | -0.39%               |
| Class ID C000006901 | 1.26%                | -0.80%               | -0.47%               |
| Class ID C000074225 | 1.30%                | -0.76%               | -0.43%               |
| Class ID C000006902 | 1.26%                | -0.80%               | -0.48%               |
| Class ID C000074226 | 1.33%                | -0.74%               | -0.42%               |
| Class ID C000006900 | 1.33%                | -0.74%               | -0.42%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-31478678.05            | $81782974.42                               |
| Month 2  | $-7948489.38             | $-58145909.86                              |
| Month 3  | $-63563827.32            | $-21718953.08                              |

**Designated Index Information**

- **Index Name:** JPM GBI EM Global Diversified

- **Index Identifier:** JGENVUUG

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Morocco Government International Bonds                  | Morocco Government International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    2100000 | PA      | $2134335.00   | 0.03%             | 2028-03-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                       | Long: SM11722   CDS USD R V 06MEVENT SM11722_PRO SOVEREIGN / Short: SM11722   CDS USD P F  1.00000 SM11722_FEE SOVEREIGN | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              |  | US        |   14868000 | OU      | $543820.44    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ANTOFAGASTA PLC                                         | Antofagasta PLC                                                                                                          | CUSIP: 03718NAC0<br>LEI: 213800MY6QVH4FVLD628 | Long             | DBT              | CORP              | GB        |    3250000 | PA      | $3299143.25   | 0.05%             | 2034-05-02      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                                   | India Government Bond                                                                                                    | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        | 4241780000 | PA      | $52477898.59  | 0.75%             | 2034-04-08      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| CFAMC III CO LTD                                        | CFAMC III Co Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 5493006V07LYI3HE6G83 | Long             | DBT              | CORP              | VG        |   20007000 | PA      | $19439601.48  | 0.28%             | 2027-11-07      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVT SUKUK                                    | Perusahaan Penerbit SBSN Indonesia III                                                                                   | CUSIP: 71567PAP5<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    5756000 | PA      | $5231018.90   | 0.08%             | 2030-06-23      | Fixed         | 2.80%                 | Yes           |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                                    | Republic of Uzbekistan International Bond                                                                                | CUSIP: 91824PAA5<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   19072000 | PA      | $19070092.80  | 0.27%             | 2032-02-28      | Fixed         | 6.90%                 | Yes           |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC                                | Navoi Mining & Metallurgical Combinat                                                                                    | CUSIP: 63890CAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |   10875000 | PA      | $11082730.12  | 0.16%             | 2028-10-17      | Fixed         | 6.70%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                                                                      | CUSIP: 71654QDB5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   11215000 | PA      | $10958240.43  | 0.16%             | 2027-01-23      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds       | Republic of Poland Government International Bonds                                                                        | CUSIP: 731011AX0<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |   12948000 | PA      | $13089845.34  | 0.19%             | 2029-03-18      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Ivory Coast Government International Bonds              | Ivory Coast Government International Bonds                                                                               | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    2022000 | PA      | $1856636.80   | 0.03%             | 2037-01-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                                      | Morocco Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |   33693000 | PA      | $37890830.87  | 0.54%             | 2035-04-02      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| INFRAESTRUCTURA ENERGETI                                | Infraestructura Energetica Nova SAPI de CV                                                                               | CUSIP: 456829AB6<br>LEI: 715K4H1JYF3O6JOK1411 | Long             | DBT              | CORP              | MX        |    9897000 | PA      | $7039726.60   | 0.10%             | 2048-01-14      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX                                   | Chile Electricity Lux Mpc II Sarl                                                                                        | CUSIP: 16882LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   14008624 | PA      | $13914065.95  | 0.20%             | 2035-10-20      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                   | Sri Lanka Government International Bond                                                                                  | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |   26522898 | PA      | $18367106.87  | 0.26%             | 2033-03-15      | Variable      | 3.35%                 | Yes           |                  2 | On Loan: No      |
| MFB Magyar Fejlesztesi Bank Zrt                         | MFB Magyar Fejlesztesi Bank Zrt                                                                                          | CUSIP: 000000000<br>LEI: 549300KCFVCFTUJZYT59 | Long             | DBT              | NUSS              | HU        |   12181000 | PA      | $12522250.72  | 0.18%             | 2028-06-29      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED USD / SOLD INR                                                                                                 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $-20176.79    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KFH SUKUK CO                                            | KFH Sukuk Co                                                                                                             | CUSIP: 000000000<br>LEI: 5493008FLJYWGCMZDN21 | Long             | DBT              | CORP              | KY        |    4290000 | PA      | $4386567.90   | 0.06%             | 2030-01-14      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                                 | Philippine Government International Bond                                                                                 | CUSIP: 718286CR6<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    7354000 | PA      | $6735327.47   | 0.10%             | 2032-09-29      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                     | Oman Government International Bonds                                                                                      | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |   49450000 | PA      | $51441054.80  | 0.74%             | 2051-01-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT BANK OF KAZA                                | Development Bank of Kazakhstan JSC                                                                                       | CUSIP: 000000000<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | NUSS              | KZ        |    4329000 | PA      | $3648215.79   | 0.05%             | 2031-05-06      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| UZBEKNEFTEGAZ JSC                                       | Uzbekneftegaz JSC                                                                                                        | CUSIP: 000000000<br>LEI: 213800LUZJZFLJD4MJ51 | Long             | DBT              | NUSS              | UZ        |     700000 | PA      | $632205.00    | 0.01%             | 2028-11-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVT SUKUK                                    | Perusahaan Penerbit SBSN Indonesia III                                                                                   | CUSIP: 71567PAV2<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    7054000 | PA      | $6912923.46   | 0.10%             | 2032-06-06      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| Hungary Government International Bonds                  | Hungary Government International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     500000 | PA      | $514332.00    | 0.01%             | 2028-05-22      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                  | Romania Government International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   15296000 | PA      | $13555621.12  | 0.19%             | 2035-03-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                   | Melco Resorts Finance Ltd                                                                                                | CUSIP: 000000000<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |     700000 | PA      | $675336.31    | 0.01%             | 2032-04-17      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                   | Melco Resorts Finance Ltd                                                                                                | CUSIP: 58547DAH2<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |   23429000 | PA      | $22603506.13  | 0.32%             | 2032-04-17      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                                                                      | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    8038000 | PA      | $7159727.13   | 0.10%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| INDIAN RAILWAY FINANCE                                  | Indian Railway Finance Corp Ltd                                                                                          | CUSIP: 45434L2C7<br>LEI: 335800F2JHSOGXQEBY56 | Long             | DBT              | CORP              | IN        |   19986000 | PA      | $17833196.42  | 0.26%             | 2031-02-10      | Fixed         | 2.80%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                   | Sri Lanka Government International Bond                                                                                  | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    3683554 | PA      | $3397561.25   | 0.05%             | 2028-04-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds       | Argentina Republic Government International Bonds                                                                        | CUSIP: 040114HU7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   70404000 | PA      | $49017858.48  | 0.70%             | 2038-01-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BIOCON BIOLOGICS GLOBAL                                 | Biocon Biologics Global PLC                                                                                              | CUSIP: 090978AA5<br>LEI: 254900PMQN51VACG2D55 | Long             | DBT              | CORP              | GB        |   18277000 | PA      | $16477219.95  | 0.24%             | 2029-10-09      | Fixed         | 6.67%                 | Yes           |                  2 | On Loan: No      |
| Citibank NA                                             | PURCHASED USD / SOLD CZK                                                                                                 | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $-762463.44   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ENFRAGEN ENERGIA SUR SA                                 | EnfraGen Energia Sur SA / EnfraGen Spain SA / Prime Energia SpA                                                          | CUSIP: 29280LAA1<br>LEI: 2549002TO75PYMY3VY07 | Long             | DBT              | CORP              | ES        |    9938000 | PA      | $8542805.17   | 0.12%             | 2030-12-30      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                                                                  | CUSIP: 195325DS1<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   18378000 | PA      | $14773918.35  | 0.21%             | 2031-04-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| VARANASI AURA NH-2 TOLL                                 | Varanasi Aurangabad Nh-2 Tollway Pvt Ltd                                                                                 | CUSIP: 92213HAA0<br>LEI: 335800WU93PC1E28MY29 | Long             | DBT              | CORP              | IN        |   10789000 | PA      | $10913033.36  | 0.16%             | 2034-02-28      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs International                             | PURCHASED USD / SOLD CZK                                                                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |          1 | NC      | $2818.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                                     | Benin Government International Bond                                                                                      | CUSIP: 000000000<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |    1600000 | PA      | $1439376.00   | 0.02%             | 2038-02-13      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| ALDAR PROPERTIES PJSC                                   | Aldar Properties PJSC                                                                                                    | CUSIP: 000000000<br>LEI: 98450048CD8AEF13B480 | Long             | DBT              | CORP              | AE        |   13932000 | PA      | $13963778.89  | 0.20%             | 2055-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| KazMunayGas National Co. JSC                            | KazMunayGas National Co. JSC                                                                                             | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |   15325000 | PA      | $13607987.00  | 0.20%             | 2048-10-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                                     | Bangkok Bank PCL/Hong Kong                                                                                               | CUSIP: 000000000<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |    7013000 | PA      | $7132239.94   | 0.10%             | 2033-09-21      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                                                                                      | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  343075000 | PA      | $316821720.82 | 4.55%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bonds                  | Hungary Government International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     500000 | PA      | $515385.00    | 0.01%             | 2032-09-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OVERSEA-CHINESE BANKING                                 | Oversea-Chinese Banking Corp Ltd                                                                                         | CUSIP: 000000000<br>LEI: 5493007O3QFXCPOGWK22 | Long             | DBT              | CORP              | SG        |   10430000 | PA      | $10404343.35  | 0.15%             | 2032-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| INDOFOOD CBP SUKSES MAKM                                | Indofood CBP Sukses Makmur Tbk PT                                                                                        | CUSIP: 000000000<br>LEI: 254900YKZW9GRKZZN285 | Long             | DBT              | CORP              | ID        |   15269000 | PA      | $13843429.36  | 0.20%             | 2031-06-09      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| ABU DHABI DEVELOPMENT HO                                | Abu Dhabi Developmental Holding Co PJSC                                                                                  | CUSIP: 00402D2C8<br>LEI: 254900G082ZFKTCR2Q75 | Long             | DBT              | CORP              | AE        |   14205000 | PA      | $13964083.20  | 0.20%             | 2031-10-02      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED USD / SOLD INR                                                                                                 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $-13365.41    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                                  | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX                                             | CUSIP: 07336UAA1<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |   12140000 | PA      | $12606111.05  | 0.18%             | 2038-06-29      | Fixed         | 8.45%                 | Yes           |                  2 | On Loan: No      |
| TURK IHRACAT KR BK                                      | Turkiye Ihracat Kredi Bankasi AS                                                                                         | CUSIP: 90015LAJ6<br>LEI: 789000JVRVYLAXGDWR11 | Long             | DBT              | NUSS              | TR        |    9289000 | PA      | $9363869.34   | 0.13%             | 2028-02-06      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| OOREDOO INTL FINANCE                                    | Ooredoo International Finance Ltd                                                                                        | CUSIP: 68341PAB5<br>LEI: 549300BHXCDJ03WU7N77 | Long             | DBT              | CORP              | BM        |   13959000 | PA      | $13698734.45  | 0.20%             | 2034-10-10      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                                  | BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico                                                | CUSIP: 072912AA6<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |   11107000 | PA      | $11162535.00  | 0.16%             | 2035-02-11      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds       | Republic of Poland Government International Bond                                                                         | CUSIP: 857524AF9<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |   24497000 | PA      | $24976095.91  | 0.36%             | 2030-02-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                                                                    | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   27009000 | PA      | $24220320.75  | 0.35%             | 2032-09-23      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| ALFA DESARROLLO SPA                                     | Alfa Desarrollo SpA                                                                                                      | CUSIP: 01538TAA3<br>LEI: 2549006BJAN34R520038 | Long             | DBT              | CORP              | CL        |   12185574 | PA      | $8959272.35   | 0.13%             | 2051-09-27      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| AZULE ENERGY FINANCE PLC                                | Azule Energy Finance Plc                                                                                                 | CUSIP: 05501YAA6<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |    7027000 | PA      | $6774028.00   | 0.10%             | 2030-01-23      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                 | Sasol Financing USA LLC                                                                                                  | CUSIP: 80386WAD7<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |   15875000 | PA      | $12288780.35  | 0.18%             | 2031-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX                                   | Chile Electricity Lux Mpc II Sarl                                                                                        | CUSIP: 16882LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   16968000 | PA      | $16995789.17  | 0.24%             | 2035-10-20      | Fixed         | 5.67%                 | Yes           |                  2 | On Loan: No      |
| UZBEK INDUSTRIAL AND CON                                | Uzbek Industrial and Construction Bank ATB                                                                               | CUSIP: 917935AA6<br>LEI: 213800C2NIFPFTXYIU69 | Long             | DBT              | CORP              | UZ        |   18284000 | PA      | $18704532.00  | 0.27%             | 2029-07-24      | Fixed         | 8.95%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                                                                      | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   34225000 | PA      | $24970526.80  | 0.36%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                | OCP SA                                                                                                                   | CUSIP: 000000000<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |     700000 | PA      | $687750.00    | 0.01%             | 2054-05-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                     | Muthoot Finance Ltd                                                                                                      | CUSIP: 62828L2C6<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |   24564000 | PA      | $24408996.74  | 0.35%             | 2028-02-14      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                | OCP SA                                                                                                                   | CUSIP: 67091TAG0<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |   25059000 | PA      | $24620467.50  | 0.35%             | 2054-05-02      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| CZECH REPUBLIC                                          | Czech Republic Government Bond                                                                                           | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |  419790000 | PA      | $20326098.93  | 0.29%             | 2030-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PT SORIK MAR GEO POW                                    | Sorik Marapi Geothermal Power PT                                                                                         | CUSIP: 000000000<br>LEI: 254900OW9VKG09S8C597 | Long             | DBT              | CORP              | ID        |     691110 | PA      | $673219.82    | 0.01%             | 2031-08-05      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ORLEN SA                                                | ORLEN SA                                                                                                                 | CUSIP: 68666UAA3<br>LEI: 259400VVMM70CQREJT74 | Long             | DBT              | CORP              | PL        |   20056000 | PA      | $20267033.84  | 0.29%             | 2035-01-30      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                | OCP SA                                                                                                                   | CUSIP: 67091TAH8<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |   13660000 | PA      | $13668902.36  | 0.20%             | 2030-04-30      | Fixed         | 6.10%                 | Yes           |                  2 | On Loan: No      |
| QNB FINANCE LTD                                         | QNB Finance Ltd                                                                                                          | CUSIP: 000000000<br>LEI: 549300MY0DXTHQEX5O57 | Long             | DBT              | CORP              | KY        |   11978000 | PA      | $11620959.78  | 0.17%             | 2027-02-12      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |   39249000 | PA      | $32099794.65  | 0.46%             | 2033-09-28      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PETRA DIAMONDS US TREAS                                 | Petra Diamonds US Treasury PLC                                                                                           | CUSIP: 000000000<br>LEI: 635400LZYOO6WHAO2H58 | Long             | DBT              | CORP              | GB        |     368260 | PA      | $198899.93    | 0.00%             | 2026-03-08      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Oriental Republic of Uruguay                            | Oriental Republic of Uruguay                                                                                             | CUSIP: 760942BG6<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |   19276997 | PA      | $17383417.58  | 0.25%             | 2060-09-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GRUMA SAB DE CV                                         | Gruma SAB de CV                                                                                                          | CUSIP: 400131AH1<br>LEI: 5493000XJLJ6C4T0PG82 | Long             | DBT              | CORP              | MX        |   16846000 | PA      | $16643848.00  | 0.24%             | 2034-12-09      | Fixed         | 5.39%                 | Yes           |                  2 | On Loan: No      |
| Angola Government International Bonds                   | Angola Government International Bonds                                                                                    | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |   15746000 | PA      | $11035426.64  | 0.16%             | 2048-05-08      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Bonds                                                                                                      | CUSIP: 912810QA9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   30977000 | PA      | $28107997.31  | 0.40%             | 2039-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EMIRATES SEMBCORP WATER                                 | Emirates Semb Corp Water & Power Co PJSC                                                                                 | CUSIP: 29135EAA4<br>LEI: 213800FF7EXWECXGTO26 | Long             | DBT              | CORP              | AE        |    1430000 | PA      | $1337050.00   | 0.02%             | 2035-08-01      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                                    | Republic of Uzbekistan International Bond                                                                                | CUSIP: 91822Q2J5<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   18002000 | PA      | $17997566.29  | 0.26%             | 2032-05-25      | Fixed         | 6.95%                 | Yes           |                  2 | On Loan: No      |
| ROMANIA                                                 | Romanian Government International Bond                                                                                   | CUSIP: 77586RAR1<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   10940000 | PA      | $11045964.73  | 0.16%             | 2033-01-17      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| Eskom Holdings SOC Ltd.                                 | Eskom Holdings SOC Ltd.                                                                                                  | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |   12354000 | PA      | $12184503.12  | 0.18%             | 2028-08-10      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |   33749000 | PA      | $26229722.80  | 0.38%             | 2038-02-23      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                                                                | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |   25718000 | PA      | $21301243.92  | 0.31%             | 2033-10-07      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                    | Paraguay Government International Bond                                                                                   | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |   24374000 | PA      | $21875665.00  | 0.31%             | 2033-06-28      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA                                      | Peru Government Bond                                                                                                     | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   35074000 | PA      | $10389622.36  | 0.15%             | 2031-08-12      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                     | PURCHASED EUR / SOLD USD                                                                                                 | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | N/A       |          1 | NC      | $115217.99    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REC LTD                                                 | REC Ltd                                                                                                                  | CUSIP: 74947LAE4<br>LEI: 335800B4YRYWAMIJZ374 | Long             | DBT              | CORP              | IN        |   19337000 | PA      | $19149727.54  | 0.28%             | 2029-09-27      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Republic of Paraguay                                    | Paraguay Government International Bond                                                                                   | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |   33211000 | PA      | $29106784.62  | 0.42%             | 2048-03-13      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                                | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                                                                | CUSIP: 71568PAK5<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |    6353000 | PA      | $5081808.79   | 0.07%             | 2049-07-17      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| JSW INFRASTRUCTURE                                      | JSW Infrastructure Ltd                                                                                                   | CUSIP: 46654XAA7<br>LEI: 3358003E3YFK92C9WX80 | Long             | DBT              | CORP              | IN        |    3078000 | PA      | $2939457.34   | 0.04%             | 2029-01-21      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED USD / SOLD INR                                                                                                 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $-678134.60   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED BRL / SOLD USD                                                                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | BR        |          1 | NC      | $533499.34    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Southern Gas Corridor CJSC                              | Southern Gas Corridor CJSC                                                                                               | CUSIP: 000000000<br>LEI: 213800DG58KG59XY6318 | Long             | DBT              | CORP              | AZ        |   25270000 | PA      | $25522700.00  | 0.37%             | 2026-03-24      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Czech Republic                                          | Czech Republic Government Bond                                                                                           | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |  623200000 | PA      | $27521385.46  | 0.40%             | 2029-07-23      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PT SORIK MAR GEO POW                                    | Sorik Marapi Geothermal Power PT                                                                                         | CUSIP: 74390TAA7<br>LEI: 254900OW9VKG09S8C597 | Long             | DBT              | CORP              | ID        |   13568464 | PA      | $13195327.07  | 0.19%             | 2031-08-05      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| BULGARIAN ENERGY HLD                                    | Bulgarian Energy Holding EAD                                                                                             | CUSIP: 000000000<br>LEI: 635400E1RWKJXPSBCV07 | Long             | DBT              | CORP              | BG        |   23817000 | PA      | $25337438.99  | 0.36%             | 2028-07-22      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bonds               | Costa Rica Government International Bonds                                                                                | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    4863000 | PA      | $4969986.00   | 0.07%             | 2034-04-03      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                 | Romanian Government International Bond                                                                                   | CUSIP: 77586RAW0<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   14430000 | PA      | $14359293.00  | 0.21%             | 2037-02-10      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MVM ENERGETIKA ZRT                                      | MVM Energetika Zrt                                                                                                       | CUSIP: 000000000<br>LEI: 529900ELI5AQ9F74PF85 | Long             | DBT              | CORP              | HU        |   17900000 | PA      | $19011458.78  | 0.27%             | 2027-11-18      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                    | Saudi Government International Bonds                                                                                     | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    7979000 | PA      | $5384293.03   | 0.08%             | 2055-01-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bonds               | Costa Rica Government International Bonds                                                                                | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |   11327000 | PA      | $11536964.41  | 0.17%             | 2045-03-12      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| EPH FIN INTERNATIONAL AS                                | EPH Financing International AS                                                                                           | CUSIP: 000000000<br>LEI: 3157003E5A4ZV0JCSM65 | Long             | DBT              | CORP              | CZ        |   12475000 | PA      | $15191993.16  | 0.22%             | 2028-11-13      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                                  | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX                                             | CUSIP: 07336UAB9<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    7287000 | PA      | $7424877.33   | 0.11%             | 2039-01-08      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| UNITED OVERSEAS BANK LTD                                | United Overseas Bank Ltd                                                                                                 | CUSIP: 91127KAH5<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | DBT              | CORP              | SG        |    9368000 | PA      | $9189234.30   | 0.13%             | 2032-10-07      | Fixed         | 3.86%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED EUR / SOLD USD                                                                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | N/A       |          1 | NC      | $508758.74    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF POLAND                                      | Republic of Poland Government International Bond                                                                         | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |   12055000 | PA      | $13864837.97  | 0.20%             | 2035-01-16      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                   | Sri Lanka Government International Bond                                                                                  | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |   12077609 | PA      | $8393938.26   | 0.12%             | 2036-05-15      | Variable      | 3.60%                 | Yes           |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT                                   | Costa Rica Government International Bond                                                                                 | CUSIP: 221597CV7<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |   44671000 | PA      | $45450197.59  | 0.65%             | 2054-11-13      | Fixed         | 7.30%                 | Yes           |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                                                                      | CUSIP: 03846JAC4<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   14083000 | PA      | $9145556.53   | 0.13%             | 2061-02-16      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Morocco Government International Bonds                  | Morocco Government International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |   14906000 | PA      | $12290608.15  | 0.18%             | 2032-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AES ANDES SA                                            | AES Andes SA                                                                                                             | CUSIP: 00111VAC1<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |    9776000 | PA      | $9961734.22   | 0.14%             | 2055-06-10      | Fixed         | 8.15%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                                                                    | CUSIP: 25714PET1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   24234000 | PA      | $24940421.10  | 0.36%             | 2031-02-03      | Fixed         | 7.05%                 | Yes           |                  2 | On Loan: No      |
| PROSUS NV                                               | Prosus NV                                                                                                                | CUSIP: 74365PAF5<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |   16680000 | PA      | $14399476.54  | 0.21%             | 2031-07-13      | Fixed         | 3.06%                 | Yes           |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD PLN                                                                                                 | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |          1 | NC      | $60392.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ADANI ELECTRICITY MUMBAI                                | Adani Electricity Mumbai Ltd                                                                                             | CUSIP: 000000000<br>LEI: 335800AIC1B5EBFVUC38 | Long             | DBT              | CORP              | IN        |    8000000 | PA      | $6549181.60   | 0.09%             | 2031-07-22      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds       | Republic of Poland Government International Bond                                                                         | CUSIP: 857524AH5<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |   35576000 | PA      | $35947632.94  | 0.52%             | 2035-02-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Republic of Turkiye                                     | Republic of Turkiye                                                                                                      | CUSIP: 900123DN7<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   26054000 | PA      | $23841247.85  | 0.34%             | 2035-01-03      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                   | Mexico Government International Bonds                                                                                    | CUSIP: 91087BAZ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   10517000 | PA      | $10017105.96  | 0.14%             | 2036-05-07      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                                                                  | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   16791000 | PA      | $16464594.38  | 0.24%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CNTL AMR BOTTLING CORP                                  | Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL                                                | CUSIP: 15239XAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |   12764000 | PA      | $12214671.90  | 0.18%             | 2029-04-27      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| HUNGARY                                                 | Hungary Government International Bond                                                                                    | CUSIP: 445545AR7<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    6025000 | PA      | $6197700.60   | 0.09%             | 2028-05-22      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| Citibank NA                                             | PURCHASED USD / SOLD INR                                                                                                 | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $-531115.14   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED OVERSEAS BANK LTD                                | United Overseas Bank Ltd                                                                                                 | CUSIP: 91127KAE2<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | DBT              | CORP              | SG        |   18169000 | PA      | $17486794.93  | 0.25%             | 2031-10-14      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Romania Government International Bonds                  | Romania Government International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   12586000 | PA      | $10442948.18  | 0.15%             | 2032-03-27      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT BANK OF KAZA                                | Development Bank of Kazakhstan JSC                                                                                       | CUSIP: 48129VAB2<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | NUSS              | KZ        |   18101000 | PA      | $18185878.67  | 0.26%             | 2027-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CEZ AS                                                  | CEZ AS                                                                                                                   | CUSIP: 000000000<br>LEI: 529900S5R9YHJHYKKG94 | Long             | DBT              | CORP              | CZ        |    6691000 | PA      | $7689561.24   | 0.11%             | 2031-09-05      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| AES ANDES SA                                            | AES Andes SA                                                                                                             | CUSIP: 00111VAD9<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |   10688000 | PA      | $10685924.39  | 0.15%             | 2032-03-14      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                                                                      | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   22804000 | PA      | $19546695.57  | 0.28%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD EUR                                                                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $38027.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| IVORY COAST                                             | Ivory Coast Government International Bond                                                                                | CUSIP: 221625AU0<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |   26217000 | PA      | $24072921.31  | 0.35%             | 2037-01-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                                    | Republic of Uzbekistan International Bond                                                                                | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   18857000 | PA      | $21747362.06  | 0.31%             | 2029-02-25      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| Mexico Government International Bonds                   | Mexico Government International Bonds                                                                                    | CUSIP: 91087BBA7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   14063000 | PA      | $12438273.48  | 0.18%             | 2054-05-07      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                                                                | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |     200000 | PA      | $198831.87    | 0.00%             | 2031-08-06      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| CIKARANG LISTRINDO PT                                   | Cikarang Listrindo Tbk PT                                                                                                | CUSIP: 74448QAA5<br>LEI: 254900NPCIO562Z7FN53 | Long             | DBT              | CORP              | ID        |    8131000 | PA      | $8100832.12   | 0.12%             | 2035-03-12      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| HSBC Bank USA NA                                        | PURCHASED TRY / SOLD USD                                                                                                 | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | TR        |          1 | NC      | $35631.26     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                    | Petronas Capital Ltd                                                                                                     | CUSIP: 716743AW9<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |   42111000 | PA      | $42781177.19  | 0.61%             | 2035-04-03      | Fixed         | 5.34%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ALBANIA                                     | Albania Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 254900EDM43U3SGRND29 | Long             | DBT              | NUSS              | AL        |   18655000 | PA      | $20140863.04  | 0.29%             | 2035-02-14      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| SAAVI ENERGIA SARL                                      | Saavi Energia Sarl                                                                                                       | CUSIP: 78518PAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   17741000 | PA      | $17829705.00  | 0.26%             | 2035-02-10      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                | Republic of South Africa Government International Bond                                                                   | CUSIP: 836205BF0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   30796000 | PA      | $29353653.02  | 0.42%             | 2036-11-19      | Fixed         | 7.10%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                | Republic of South Africa Government International Bond                                                                   | CUSIP: 836205BG8<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   25481000 | PA      | $23280181.31  | 0.33%             | 2054-11-19      | Fixed         | 7.95%                 | Yes           |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                | Brazil Notas do Tesouro Nacional Serie F                                                                                 | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   85952000 | PA      | $13672546.08  | 0.20%             | 2029-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Jordan Government International Bonds                   | Jordan Government International Bonds                                                                                    | CUSIP: 000000000<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    7674000 | PA      | $7069442.28   | 0.10%             | 2030-07-07      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Uruguay Government International Bonds                  | Uruguay Government International Bonds                                                                                   | CUSIP: 760942BD3<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |   19989000 | PA      | $17565333.75  | 0.25%             | 2055-04-20      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | Ukraine Government International Bond                                                                                    | CUSIP: 903724CE0<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   47816067 | PA      | $17931025.13  | 0.26%             | 2034-02-01      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| CAPSTONE COPPER CORP                                    | Capstone Copper Corp                                                                                                     | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |   10700000 | PA      | $10513378.84  | 0.15%             | 2033-03-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                                 | Philippine Government International Bond                                                                                 | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    7255000 | PA      | $6801082.21   | 0.10%             | 2033-04-28      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                    | Saudi Government International Bonds                                                                                     | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |   33770000 | PA      | $27299668.00  | 0.39%             | 2046-10-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                                                                  | CUSIP: 195325DQ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    8218000 | PA      | $5304823.94   | 0.08%             | 2049-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                   | Panama Government International Bonds                                                                                    | CUSIP: 698299BS2<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   18446000 | PA      | $11214927.65  | 0.16%             | 2063-01-19      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                    | Saudi Arabian Oil Co                                                                                                     | CUSIP: 80414L2P9<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    7430000 | PA      | $6902470.00   | 0.10%             | 2054-07-17      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Hungary Government International Bonds                  | Hungary Government International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    9120000 | PA      | $8616484.80   | 0.12%             | 2036-03-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                                                                | CUSIP: 401494AY5<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |   24382000 | PA      | $24239593.27  | 0.35%             | 2031-08-06      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| IRB INFRASTRUCTURE DEVELOPERS                           | IRB INFRASTRUCTURE DEVELOPERS                                                                                            | CUSIP: 000000000<br>LEI: 335800XGO3AITGW6AK27 | Long             | DBT              | CORP              | IN        |   17616000 | PA      | $17242169.81  | 0.25%             | 2032-03-11      | Fixed         | 7.11%                 | Yes           |                  2 | On Loan: No      |
| TURKCELL ILETISIM HIZMET                                | Turkcell Iletisim Hizmetleri AS                                                                                          | CUSIP: 900111AD7<br>LEI: 7890003EX1LTLS2FFL84 | Long             | DBT              | CORP              | TR        |    6760000 | PA      | $6762460.64   | 0.10%             | 2032-01-24      | Fixed         | 7.65%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                                                                    | CUSIP: 25714PFB9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   16780000 | PA      | $16659184.00  | 0.24%             | 2037-03-15      | Fixed         | 6.95%                 | Yes           |                  2 | On Loan: No      |
| CONTOURGLOBAL POWER HLDG                                | ContourGlobal Power Holdings SA                                                                                          | CUSIP: 21220LAB9<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |   14637000 | PA      | $14811357.41  | 0.21%             | 2030-02-28      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | US 10YR ULTRA FUT JUN25                                                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        616 | NC      | $1277858.12   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Costa Rica Government International Bonds               | Costa Rica Government International Bonds                                                                                | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |   17057000 | PA      | $17099642.50  | 0.25%             | 2044-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                                                                   | CUSIP: 900123CY4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   30868000 | PA      | $28514778.02  | 0.41%             | 2030-03-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International                             | PURCHASED USD / SOLD CNH                                                                                                 | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DFE              |  | US        |          1 | NC      | $-116050.92   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Peru Government International Bonds                     | Peru Government International Bonds                                                                                      | CUSIP: 715638EB4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   16084000 | PA      | $15835684.11  | 0.23%             | 2035-02-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                                | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                                                               | CUSIP: 46590XAU0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   17513000 | PA      | $15844800.94  | 0.23%             | 2032-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED BRL / SOLD USD                                                                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | BR        |          1 | NC      | $551332.52    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Paraguay Government International Bonds                 | Paraguay Government International Bonds                                                                                  | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |   68284000 | PA      | $57956045.00  | 0.83%             | 2050-03-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    7487000 | PA      | $6485988.10   | 0.09%             | 2032-02-16      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                     | PURCHASED USD / SOLD EUR                                                                                                 | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $6872.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                      | Serbia International Bond                                                                                                | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    4000000 | PA      | $4101205.28   | 0.06%             | 2028-05-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| INDOFOOD CBP SUKSES MAKM                                | Indofood CBP Sukses Makmur Tbk PT                                                                                        | CUSIP: 000000000<br>LEI: 254900YKZW9GRKZZN285 | Long             | DBT              | CORP              | ID        |    8933000 | PA      | $8053375.71   | 0.12%             | 2032-04-27      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International                             | PURCHASED USD / SOLD EUR                                                                                                 | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DFE              |  | US        |          1 | NC      | $-161240.94   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds       | Republic of Poland Government International Bonds                                                                        | CUSIP: 731011AZ5<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |   15058000 | PA      | $13995991.18  | 0.20%             | 2054-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GOVT OF BERMUDA                                         | Bermuda Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |    3600000 | PA      | $2377614.46   | 0.03%             | 2050-08-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| KINGSTON AIRPORT REV FIN                                | Kingston Airport Revenue Finance Ltd                                                                                     | CUSIP: 49647QAA6<br>LEI: 254900SK2YRR95AVHU30 | Long             | DBT              | CORP              | KY        |    9725000 | PA      | $9613162.50   | 0.14%             | 2036-12-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| KazMunayGas National Co. JSC                            | KazMunayGas National Co. JSC                                                                                             | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |   15081000 | PA      | $12627864.22  | 0.18%             | 2047-04-19      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED USD / SOLD EUR                                                                                                 | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-140923.35   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                      | Serbia International Bond                                                                                                | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |   15464000 | PA      | $13909146.85  | 0.20%             | 2033-03-03      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| MAGYAR EXPORT-IMPORT BAN                                | Magyar Export-Import Bank Zrt                                                                                            | CUSIP: 55977YAA6<br>LEI: 529900O4UGETQ9Q3AA63 | Long             | DBT              | NUSS              | HU        |   14288000 | PA      | $14543283.70  | 0.21%             | 2027-12-04      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| MVM ENERGETIKA ZRT                                      | MVM Energetika Zrt                                                                                                       | CUSIP: 000000000<br>LEI: 529900ELI5AQ9F74PF85 | Long             | DBT              | CORP              | HU        |   17144000 | PA      | $17509904.39  | 0.25%             | 2031-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                                                                | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    2400000 | PA      | $2360964.31   | 0.03%             | 2029-08-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                  | Romania Government International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   18024000 | PA      | $18198580.28  | 0.26%             | 2033-01-17      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    1300000 | PA      | $1337895.00   | 0.02%             | 2031-02-03      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| TENGIZCHEVROIL FIN CO IN                                | Tengizchevroil Finance Co International Ltd                                                                              | CUSIP: 88034QAC1<br>LEI: 5493001VEV2XTJIBZH31 | Long             | DBT              | CORP              | BM        |   16205000 | PA      | $14125866.09  | 0.20%             | 2030-08-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| EXPORT-IMPORT BK INDIA                                  | Export-Import Bank of India                                                                                              | CUSIP: 30218VAA4<br>LEI: 335800OFZ8YEIVN1QI11 | Long             | DBT              | NUSS              | IN        |   25144000 | PA      | $25329658.02  | 0.36%             | 2035-01-13      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SHRIRAM FINANCE LTD                                     | Shriram Finance Ltd                                                                                                      | CUSIP: 82556FAA0<br>LEI: 335800TM2YO24B76XL26 | Long             | DBT              | CORP              | IN        |   12300000 | PA      | $12235956.36  | 0.18%             | 2027-04-22      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD EUR                                                                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $47739.97     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MA'ADEN SUKUK LTD                                       | Ma'aden Sukuk Ltd                                                                                                        | CUSIP: 55407NAA0<br>LEI: 254900QDNU6I6VA8UL14 | Long             | DBT              | CORP              | KY        |   29282000 | PA      | $29756104.86  | 0.43%             | 2030-02-13      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| TC ZIRAAT BANKASI AS                                    | TC Ziraat Bankasi AS                                                                                                     | CUSIP: 90014TAM3<br>LEI: 213800K5KTZFSUS8MR51 | Long             | DBT              | CORP              | TR        |   13890000 | PA      | $13669843.50  | 0.20%             | 2030-02-04      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| TELECOMMUNICATIONS CO TE                                | Telecommunications co Telekom Srbija AD Belgrade                                                                         | CUSIP: 87945BAA8<br>LEI: 254900OVY0XI1DFYC092 | Long             | DBT              | CORP              | RS        |   18427000 | PA      | $18267348.47  | 0.26%             | 2029-10-28      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| MA'ADEN SUKUK LTD                                       | Ma'aden Sukuk Ltd                                                                                                        | CUSIP: 55407NAB8<br>LEI: 254900QDNU6I6VA8UL14 | Long             | DBT              | CORP              | KY        |   13934000 | PA      | $14165569.15  | 0.20%             | 2035-02-13      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                   | Sri Lanka Government International Bond                                                                                  | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    5747032 | PA      | $3706433.35   | 0.05%             | 2035-06-15      | Variable      | 3.60%                 | Yes           |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR                                | Corp Financiera de Desarrollo SA                                                                                         | CUSIP: 21987DAH7<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |    9924000 | PA      | $9948415.32   | 0.14%             | 2030-05-06      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| BSF FINANCE                                             | BSF Finance                                                                                                              | CUSIP: 000000000<br>LEI: 549300FJCGREO1P1UL36 | Long             | DBT              | CORP              | KY        |   11422000 | PA      | $11619303.63  | 0.17%             | 2027-11-23      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JSC KASPI.KZ                                            | JSC Kaspi.kz                                                                                                             | CUSIP: 466281AA0<br>LEI: 2549003YU6FARG8OAZ13 | Long             | DBT              | CORP              | KZ        |   25039000 | PA      | $24479378.35  | 0.35%             | 2030-03-26      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Deutsche Bank AG                                        | PURCHASED USD / SOLD INR                                                                                                 | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |          1 | NC      | $-447550.75   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ITAU UNIBANCO HLDG SA/KY                                | Itau Unibanco Holding SA/Cayman Island                                                                                   | CUSIP: 46556V2A9<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | DBT              | CORP              | BR        |   19789000 | PA      | $20255030.95  | 0.29%             | 2030-02-27      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                     | Nigeria Government International Bond                                                                                    | CUSIP: 65412JAS2<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    3825000 | PA      | $3128276.25   | 0.04%             | 2033-09-28      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Merrill Lynch International                             | PURCHASED JPY / SOLD USD                                                                                                 | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DFE              |  | JP        |          1 | NC      | $289197.70    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Panama Canal Railway Co                                 | Panama Canal Railway Co                                                                                                  | CUSIP: 698146AA5<br>LEI: 213800RP74K9SLU23Y87 | Long             | DBT              | CORP              | KY        |     266430 | PA      | $272824.32    | 0.00%             | 2026-11-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                    | Colombia Government International Bond                                                                                   | CUSIP: 195325ER2<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   14077000 | PA      | $14276195.18  | 0.21%             | 2030-04-25      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| EP INFRASTRUCTURE AS                                    | EP Infrastructure AS                                                                                                     | CUSIP: 000000000<br>LEI: 315700I4J1M1NKGWWY89 | Long             | DBT              | CORP              | CZ        |    4891000 | PA      | $5201787.43   | 0.07%             | 2028-10-09      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| ABU DHABI DEVELOPMENT HO                                | Abu Dhabi Developmental Holding Co PJSC                                                                                  | CUSIP: 00402D2D6<br>LEI: 254900G082ZFKTCR2Q75 | Long             | DBT              | CORP              | AE        |   15309000 | PA      | $13985690.04  | 0.20%             | 2054-10-02      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| FORTEBANK JSC                                           | ForteBank JSC                                                                                                            | CUSIP: 34955XAB7<br>LEI: 529900TH5WJ6KE8N8Z35 | Long             | DBT              | CORP              | KZ        |   14824000 | PA      | $14474241.65  | 0.21%             | 2030-02-04      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| CFAMC IV CO LTD                                         | CFAMC IV Co Ltd                                                                                                          | CUSIP: 000000000<br>LEI: 549300M6T6OW4AGYHK10 | Long             | DBT              | CORP              | VG        |    6111000 | PA      | $5855804.64   | 0.08%             | 2029-05-29      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNITED GROUP BV                                         | United Group BV                                                                                                          | CUSIP: 000000000<br>LEI: 213800PC85O8BJ7DU398 | Long             | DBT              | CORP              | NL        |   10157000 | PA      | $11736489.91  | 0.17%             | 2031-10-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED USD / SOLD INR                                                                                                 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $-49864.72    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Peru LNG Srl                                            | Peru LNG Srl                                                                                                             | CUSIP: 000000000<br>LEI: 254900F70J1LOALV5K70 | Long             | DBT              | CORP              | PE        |    7623943 | PA      | $6894073.38   | 0.10%             | 2030-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BANK GOSPODARSTWA KRAJOW                                | Bank Gospodarstwa Krajowego                                                                                              | CUSIP: 000000000<br>LEI: 259400BCOV9JJIGLYF05 | Long             | DBT              | NUSS              | PL        |   21753000 | PA      | $24787393.04  | 0.36%             | 2037-03-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                 | Hungary Government International Bond                                                                                    | CUSIP: 445545AU0<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   22486000 | PA      | $21244547.94  | 0.31%             | 2036-03-26      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                                                                | CUSIP: 401494AZ2<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |   24332000 | PA      | $24163319.63  | 0.35%             | 2037-02-06      | Fixed         | 6.55%                 | Yes           |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                                                                      | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    9051000 | PA      | $6667871.70   | 0.10%             | 2049-03-01      | Fixed         | 8.70%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                    | Samarco Mineracao SA                                                                                                     | CUSIP: 000000000<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |   25892208 | PA      | $24369080.74  | 0.35%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED USD / SOLD PHP                                                                                                 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $-233983.40   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds                                                                  | CUSIP: 836205BB9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   14206000 | PA      | $10175544.71  | 0.15%             | 2049-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds                | Indonesia Government International Bonds                                                                                 | CUSIP: 455780DJ2<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |   11722000 | PA      | $10763735.88  | 0.15%             | 2032-03-31      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| BULGARIA                                                | Bulgaria Government International Bond                                                                                   | CUSIP: 000000000<br>LEI: 529900PG0XCL4LICL838 | Long             | DBT              | NUSS              | BG        |   12315000 | PA      | $13761593.16  | 0.20%             | 2038-05-07      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Guatemala Government Bonds                              | Guatemala Government Bonds                                                                                               | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |   15848000 | PA      | $15828440.72  | 0.23%             | 2036-06-13      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                                      | Morocco Government International Bond                                                                                    | CUSIP: 617726AN4<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    3413000 | PA      | $3468802.55   | 0.05%             | 2028-03-08      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Panama Government International Bonds                   | Panama Government International Bonds                                                                                    | CUSIP: 698299BN3<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   22120000 | PA      | $16146523.86  | 0.23%             | 2032-09-29      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| SIERRACOL ENRGY ANDINA                                  | SierraCol Energy Andina LLC                                                                                              | CUSIP: 82653LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   21373000 | PA      | $19659342.78  | 0.28%             | 2028-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| QAZAQGAZ NC JSC                                         | QazaqGaz NC JSC                                                                                                          | CUSIP: 000000000<br>LEI: 635400YGLXBBSVHONW39 | Long             | DBT              | CORP              | KZ        |    7127000 | PA      | $6858183.81   | 0.10%             | 2027-09-26      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TURKIYE VAKIFLAR BANKASI                                | Turkiye Vakiflar Bankasi TAO                                                                                             | CUSIP: 90015WAQ6<br>LEI: 789000KAIHOLSQKQ9858 | Long             | DBT              | CORP              | TR        |   15303000 | PA      | $14873573.49  | 0.21%             | 2030-01-07      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Morocco Government International Bonds                  | Morocco Government International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |     700000 | PA      | $723590.00    | 0.01%             | 2033-09-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                                                                  | CUSIP: 195325EP6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   16437000 | PA      | $15657194.04  | 0.22%             | 2036-11-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International                             | PURCHASED BRL / SOLD USD                                                                                                 | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DFE              |  | BR        |          1 | NC      | $631921.63    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BAITEREK NATIONAL MANAGI                                | Baiterek National Managing Holding JSC                                                                                   | CUSIP: 05709VAA2<br>LEI: 984500B4F78F04253804 | Long             | DBT              | NUSS              | KZ        |   15026000 | PA      | $14960432.25  | 0.21%             | 2028-05-08      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD CZK                                                                                                 | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |          1 | NC      | $88574.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MC BRAZIL DWNSTRM                                       | MC Brazil Downstream Trading SARL                                                                                        | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |   10586509 | PA      | $8183371.22   | 0.12%             | 2031-06-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Indonesia Government International Bonds                | Indonesia Government International Bonds                                                                                 | CUSIP: 455780DN3<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    8670000 | PA      | $8473723.77   | 0.12%             | 2032-09-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bonds                  | Ecuador Government International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |   73946772 | PA      | $44316982.99  | 0.64%             | 2035-07-31      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   13200000 | PA      | $10957980.00  | 0.16%             | 2041-01-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ARIS MINING CORP                                        | Aris Mining Corp                                                                                                         | CUSIP: 04040YAB5<br>LEI: 5493001GJ5TILX6L1F82 | Long             | DBT              | CORP              | CA        |   11001000 | PA      | $11083212.23  | 0.16%             | 2029-10-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| UZBEKNEFTEGAZ JSC                                       | Uzbekneftegaz JSC                                                                                                        | CUSIP: 91825MAB9<br>LEI: 213800LUZJZFLJD4MJ51 | Long             | DBT              | NUSS              | UZ        |   13746000 | PA      | $12414699.90  | 0.18%             | 2028-11-16      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Ecuador Government International Bonds                  | Ecuador Government International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |   57833000 | PA      | $30152969.54  | 0.43%             | 2040-07-31      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                    | Petronas Capital Ltd                                                                                                     | CUSIP: 716743AV1<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |   41741000 | PA      | $42354360.20  | 0.61%             | 2031-01-03      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| MEITUAN                                                 | Meituan                                                                                                                  | CUSIP: 58533EAF0<br>LEI: 21380033K525E5JLIA77 | Long             | DBT              | CORP              | KY        |   18192000 | PA      | $18093120.29  | 0.26%             | 2029-10-02      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX                                   | Chile Electricity Lux MPC Sarl                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    7679940 | PA      | $7914178.17   | 0.11%             | 2033-01-20      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| BANK GOSPODARSTWA KRAJOW                                | Bank Gospodarstwa Krajowego                                                                                              | CUSIP: 06237MAD5<br>LEI: 259400BCOV9JJIGLYF05 | Long             | DBT              | NUSS              | PL        |   10585000 | PA      | $10569948.13  | 0.15%             | 2054-07-09      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                                                                     | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    8750000 | PA      | $6004915.00   | 0.09%             | 2048-02-21      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                 | Romanian Government International Bond                                                                                   | CUSIP: 77586RAU4<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   10284000 | PA      | $9741416.16   | 0.14%             | 2034-01-30      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                                                                    | CUSIP: 25714PEP9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   11357000 | PA      | $11183805.75  | 0.16%             | 2029-02-22      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                                      | Morocco Government International Bond                                                                                    | CUSIP: 617726AP9<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |   17790000 | PA      | $18389523.00  | 0.26%             | 2033-09-08      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                   | Venezuela Government International Bond                                                                                  | CUSIP: 922646AS3<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |   43779000 | PA      | $7551877.50   | 0.11%             | 2027-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     500000 | PA      | $464700.00    | 0.01%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | US 10YR NOTE (CBT)JUN25                                                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        939 | NC      | $2307339.91   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of Poland Government International Bonds       | Republic of Poland Government International Bonds                                                                        | CUSIP: 731011AY8<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |   11187000 | PA      | $11158333.54  | 0.16%             | 2034-09-18      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER                                | Banco de Credito del Peru S.A.                                                                                           | CUSIP: 05971U2J5<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |   19476000 | PA      | $19431205.20  | 0.28%             | 2035-07-30      | Fixed         | 6.45%                 | Yes           |                  2 | On Loan: No      |
| SAN MIGUEL INDUSTRIAS                                   | SAN Miguel Industrias Pet SA / NG PET R&P Latin America SA                                                               | CUSIP: 79911QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |   23789000 | PA      | $21826407.50  | 0.31%             | 2028-08-02      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV                                 | Mong Duong Finance Holdings BV                                                                                           | CUSIP: 000000000<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |    7067159 | PA      | $6785106.25   | 0.10%             | 2029-05-07      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Pakistan Government International Bonds                 | Pakistan Government International Bonds                                                                                  | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |   29360000 | PA      | $25778080.00  | 0.37%             | 2027-12-05      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ABU DHABI CRUDE OIL                                     | Abu Dhabi Crude Oil Pipeline LLC                                                                                         | CUSIP: 000000000<br>LEI: 549300DONDFW2383FV66 | Long             | DBT              | CORP              | AE        |   21488000 | PA      | $19025797.52  | 0.27%             | 2047-11-02      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                 | Hungary Government International Bond                                                                                    | CUSIP: 445545AT3<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    5061000 | PA      | $5073652.50   | 0.07%             | 2052-09-25      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| HAZINE MUSTESARLIGI VARL                                | Hazine Mustesarligi Varlik Kiralama AS                                                                                   | CUSIP: 421790AL0<br>LEI: 6354003QFJP7RDXEOZ20 | Long             | DBT              | NUSS              | TR        |   13850000 | PA      | $13728397.00  | 0.20%             | 2030-04-26      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds       | Argentina Republic Government International Bonds                                                                        | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   87921000 | PA      | $58633091.46  | 0.84%             | 2035-07-09      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| SHRIRAM FINANCE LTD                                     | Shriram Finance Ltd                                                                                                      | CUSIP: 82556FAB8<br>LEI: 335800TM2YO24B76XL26 | Long             | DBT              | CORP              | IN        |   13233000 | PA      | $13004379.41  | 0.19%             | 2028-04-03      | Fixed         | 6.15%                 | Yes           |                  2 | On Loan: No      |
| Romania Government International Bonds                  | Romania Government International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     700000 | PA      | $693479.50    | 0.01%             | 2029-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                             | PURCHASED USD / SOLD CZK                                                                                                 | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $13114.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JSW HYDRO ENERGY LTD                                    | JSW Hydro Energy Ltd                                                                                                     | CUSIP: 000000000<br>LEI: 3358006ZP5KO7VUH2790 | Long             | DBT              | CORP              | IN        |   12204888 | PA      | $10844331.80  | 0.16%             | 2031-05-18      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BANK GOSPODARSTWA KRAJOW                                | Bank Gospodarstwa Krajowego                                                                                              | CUSIP: 000000000<br>LEI: 259400BCOV9JJIGLYF05 | Long             | DBT              | NUSS              | PL        |   17139000 | PA      | $19677827.12  | 0.28%             | 2030-03-18      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds                    | Chile Government International Bonds                                                                                     | CUSIP: 168863EE4<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   33857000 | PA      | $34615778.37  | 0.50%             | 2037-01-13      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                                                                     | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    8722000 | PA      | $6515334.00   | 0.09%             | 2050-05-29      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER MEXICO                                  | Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand                                         | CUSIP: 000000000<br>LEI: SCRYQ25DTVRHYYMM6P89 | Long             | DBT              | CORP              | MX        |   10560000 | PA      | $10692000.00  | 0.15%             | 2029-12-10      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                | Saudi Government International Bond                                                                                      | CUSIP: 80413TAZ2<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |   14710000 | PA      | $9197854.09   | 0.13%             | 2051-11-17      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                       | Ghana Government International Bond                                                                                      | CUSIP: 374422AM5<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |   13296272 | PA      | $11349032.97  | 0.16%             | 2029-07-03      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD BRL                                                                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-23671.21    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF MONTENEGRO                                  | Montenegro Government International Bond                                                                                 | CUSIP: 000000000<br>LEI: 747800V014106FYLL014 | Long             | DBT              | NUSS              | ME        |    3850000 | PA      | $3877431.25   | 0.06%             | 2031-03-12      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TERMOCANDELARIA POWER                                   | Termocandelaria Power SA                                                                                                 | CUSIP: 88087AAA6<br>LEI: 549300YDORW43JL6G659 | Long             | DBT              | CORP              | ES        |   17035000 | PA      | $16953061.65  | 0.24%             | 2031-09-17      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Energuate Trust                                         | Energuate Trust                                                                                                          | CUSIP: 000000000<br>LEI: 549300RVM37LH8GY7E41 | Long             | DBT              | CORP              | KY        |   15360000 | PA      | $15091200.00  | 0.22%             | 2027-05-03      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AEROPUERTOS DOMINICANOS                                 | Aeropuertos Dominicanos Siglo XXI SA                                                                                     | CUSIP: 007866AE6<br>LEI: 254900KJA5MXNPYB4W32 | Long             | DBT              | CORP              | DO        |   13976000 | PA      | $14194305.12  | 0.20%             | 2034-06-30      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| EMPRESA NACIONAL DEL PET                                | Empresa Nacional del Petroleo                                                                                            | CUSIP: 29245JAP7<br>LEI: 549300YP3P0JZBLIV197 | Long             | DBT              | CORP              | CL        |   18987000 | PA      | $19171819.46  | 0.28%             | 2034-07-30      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| UNITED OVERSEAS BANK LTD                                | United Overseas Bank Ltd                                                                                                 | CUSIP: 91127LAE0<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | DBT              | CORP              | SG        |     700000 | PA      | $673716.58    | 0.01%             | 2031-10-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Export-Import Bank of India                             | Export-Import Bank of India                                                                                              | CUSIP: 30216KAF9<br>LEI: 335800OFZ8YEIVN1QI11 | Long             | DBT              | NUSS              | IN        |    5240000 | PA      | $4524695.51   | 0.06%             | 2031-01-13      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                | OCP SA                                                                                                                   | CUSIP: 67091TAJ4<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |   17264000 | PA      | $17089288.32  | 0.25%             | 2036-03-01      | Fixed         | 6.70%                 | Yes           |                  2 | On Loan: No      |
| Hungary Government International Bonds                  | Hungary Government International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    2200000 | PA      | $2121295.00   | 0.03%             | 2034-06-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International                             | PURCHASED EUR / SOLD USD                                                                                                 | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DFE              |  | N/A       |          1 | NC      | $-55620.25    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NBK SPC LTD                                             | NBK SPC Ltd                                                                                                              | CUSIP: 62877P2A1<br>LEI: 549300P1ANDK86KWB419 | Long             | DBT              | CORP              | AE        |   13454000 | PA      | $13790350.00  | 0.20%             | 2030-06-06      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| WYNN MACAU LTD                                          | Wynn Macau Ltd                                                                                                           | CUSIP: 000000000<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    7534000 | PA      | $6955614.82   | 0.10%             | 2029-12-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ADANI TRANS STEP-ONE LTD                                | Adani Transmission Step-One Ltd                                                                                          | CUSIP: 000000000<br>LEI: 335800Z8CGS7O7D72N41 | Long             | DBT              | CORP              | IN        |    6220000 | PA      | $5987969.74   | 0.09%             | 2026-08-03      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                                                                  | CUSIP: 195325DZ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   14819000 | PA      | $11417344.93  | 0.16%             | 2032-04-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GOVT OF BERMUDA                                         | Bermuda Government International Bond                                                                                    | CUSIP: 085209AH7<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |   15484000 | PA      | $10226383.95  | 0.15%             | 2050-08-20      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| DEVELOPMENT BANK OF KAZA                                | Development Bank of Kazakhstan JSC                                                                                       | CUSIP: 48129VAD8<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | NUSS              | KZ        |   13915000 | PA      | $13778426.64  | 0.20%             | 2030-04-07      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| EXPORT-IMPORT BK INDIA                                  | Export-Import Bank of India                                                                                              | CUSIP: 30216JAG0<br>LEI: 335800OFZ8YEIVN1QI11 | Long             | DBT              | NUSS              | IN        |   21990000 | PA      | $22374122.42  | 0.32%             | 2033-01-18      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC                                | Navoi Mining & Metallurgical Combinat                                                                                    | CUSIP: 63890CAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |   15934000 | PA      | $16050939.63  | 0.23%             | 2031-10-17      | Fixed         | 6.95%                 | Yes           |                  2 | On Loan: No      |
| Panama Government International Bonds                   | Panama Government International Bonds                                                                                    | CUSIP: 698299BY9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   26096000 | PA      | $27011303.37  | 0.39%             | 2038-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ABU DHABI DEVELOPMENT HO                                | Abu Dhabi Developmental Holding Co PJSC                                                                                  | CUSIP: 00402D2B0<br>LEI: 254900G082ZFKTCR2Q75 | Long             | DBT              | CORP              | AE        |   24398000 | PA      | $25332980.16  | 0.36%             | 2034-05-08      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                | Saudi Government International Bond                                                                                      | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |   40629000 | PA      | $33287339.70  | 0.48%             | 2047-10-04      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                                                                   | CUSIP: 900123DA5<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   23897000 | PA      | $22292364.24  | 0.32%             | 2031-01-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| TENGIZCHEVROIL FIN CO IN                                | Tengizchevroil Finance Co International Ltd                                                                              | CUSIP: 000000000<br>LEI: 5493001VEV2XTJIBZH31 | Long             | DBT              | CORP              | BM        |   21273000 | PA      | $20858708.33  | 0.30%             | 2026-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ALBANIA                                     | Albania Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 254900EDM43U3SGRND29 | Long             | DBT              | NUSS              | AL        |   13773000 | PA      | $16325157.44  | 0.23%             | 2028-06-09      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ADANI TRANS STEP-ONE LTD                                | Adani Transmission Step-One Ltd                                                                                          | CUSIP: 000000000<br>LEI: 335800Z8CGS7O7D72N41 | Long             | DBT              | CORP              | IN        |   12396050 | PA      | $10295473.63  | 0.15%             | 2036-05-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                | OCP SA                                                                                                                   | CUSIP: 000000000<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |   19190000 | PA      | $14056675.00  | 0.20%             | 2051-06-23      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                 | Romanian Government International Bond                                                                                   | CUSIP: 77586RAP5<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   15160000 | PA      | $14005315.41  | 0.20%             | 2034-05-25      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                                   | Philippine Government Bond                                                                                               | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |  546315000 | PA      | $10764476.42  | 0.15%             | 2031-07-19      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GRUMA SAB DE CV                                         | Gruma SAB de CV                                                                                                          | CUSIP: 400131AJ7<br>LEI: 5493000XJLJ6C4T0PG82 | Long             | DBT              | CORP              | MX        |    9160000 | PA      | $8518800.00   | 0.12%             | 2054-12-09      | Fixed         | 5.76%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | US ULTRA BOND CBT JUN25                                                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        194 | NC      | $-463008.55   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC OF GHANA                                       | Ghana Government International Bond                                                                                      | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |   47666203 | PA      | $32413018.04  | 0.47%             | 2035-07-03      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Mexico Government International Bonds                   | Mexico Government International Bonds                                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   33158000 | PA      | $33479008.57  | 0.48%             | 2037-05-13      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                             | PURCHASED USD / SOLD PLN                                                                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |          1 | NC      | $7889.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Peru Government International Bonds                     | Peru Government International Bonds                                                                                      | CUSIP: 715638EC2<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   19636000 | PA      | $18595292.00  | 0.27%             | 2054-08-08      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds                | Indonesia Government International Bonds                                                                                 | CUSIP: 455780DR4<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |   19004000 | PA      | $18775253.60  | 0.27%             | 2033-01-11      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                | Saudi Government International Bond                                                                                      | CUSIP: 80413TBL2<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |   10031000 | PA      | $10380038.68  | 0.15%             | 2035-01-13      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Panama Canal Railway Co                                 | Panama Canal Railway Co                                                                                                  | CUSIP: 000000000<br>LEI: 213800RP74K9SLU23Y87 | Long             | DBT              | CORP              | KY        |    1342422 | PA      | $1374640.13   | 0.02%             | 2026-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR                                | Corp Financiera de Desarrollo SA                                                                                         | CUSIP: 000000000<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |     700000 | PA      | $716159.50    | 0.01%             | 2029-04-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ADANI PORTS AND SPECIAL                                 | Adani Ports & Special Economic Zone Ltd                                                                                  | CUSIP: 000000000<br>LEI: 335800QOAXP5TM7OYP69 | Long             | DBT              | CORP              | IN        |   10387000 | PA      | $9429162.80   | 0.14%             | 2029-07-03      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HAZINE MUSTESARLIGI VARL                                | Hazine Mustesarligi Varlik Kiralama AS                                                                                   | CUSIP: 421790AK2<br>LEI: 6354003QFJP7RDXEOZ20 | Long             | DBT              | NUSS              | TR        |   13629000 | PA      | $14429403.91  | 0.21%             | 2029-01-14      | Fixed         | 8.51%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs International                             | PURCHASED USD / SOLD CZK                                                                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |          1 | NC      | $-2245.47     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MFS Institutional Money Market Portfolio                | MFS Institutional Money Market Portfolio                                                                                 | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | EC               | RF                | US        |  343773200 | NS      | $343773199.63 | 4.94%             |  |  |  | No            |                  1 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                | Saudi Government International Bond                                                                                      | CUSIP: 80413TBE8<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |   17476000 | PA      | $14816327.56  | 0.21%             | 2053-01-18      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| EUSTREAM AS                                             | Eustream AS                                                                                                              | CUSIP: 000000000<br>LEI: 31570020000000003378 | Long             | DBT              | CORP              | SK        |   19412000 | PA      | $21025669.83  | 0.30%             | 2027-06-25      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Czech Republic                                          | Czech Republic Government Bond                                                                                           | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |  258450000 | PA      | $10108742.23  | 0.15%             | 2033-10-13      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Zambia Government International Bonds                   | Zambia Government International Bonds                                                                                    | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |   23654457 | PA      | $20539165.15  | 0.30%             | 2033-06-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                     | PURCHASED EUR / SOLD USD                                                                                                 | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | N/A       |          1 | NC      | $11882.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chile Government International Bonds                    | Chile Government International Bonds                                                                                     | CUSIP: 168863DT2<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   17826000 | PA      | $14903427.30  | 0.21%             | 2033-07-27      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| EMPRESA NACIONAL DEL PET                                | Empresa Nacional del Petroleo                                                                                            | CUSIP: 29245JAN2<br>LEI: 549300YP3P0JZBLIV197 | Long             | DBT              | CORP              | CL        |   14277000 | PA      | $14566394.79  | 0.21%             | 2033-05-10      | Fixed         | 6.15%                 | Yes           |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                                     | Bangkok Bank PCL/Hong Kong                                                                                               | CUSIP: 06000BAC6<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |   10508000 | PA      | $10742317.89  | 0.15%             | 2034-07-05      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Uruguay Government International Bonds                  | Uruguay Government International Bonds                                                                                   | CUSIP: 760942BE1<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |   15054000 | PA      | $15712612.50  | 0.23%             | 2034-10-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                                                                | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    5283000 | PA      | $5246375.87   | 0.08%             | 2037-02-06      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| ORYX FUNDING LTD                                        | Oryx Funding Ltd                                                                                                         | CUSIP: 67114NAA9<br>LEI: 549300S728CF0BBRC295 | Long             | DBT              | CORP              | KY        |    6128000 | PA      | $6143871.52   | 0.09%             | 2031-02-03      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                                  | Republic of Poland Government Bond                                                                                       | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |  115667000 | PA      | $30134342.21  | 0.43%             | 2034-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pakistan Government International Bonds                 | Pakistan Government International Bonds                                                                                  | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |   18585000 | PA      | $14648381.06  | 0.21%             | 2031-04-08      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                    | PETRONAS CAPITAL LTD                                                                                                     | CUSIP: 716743AX7<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |   26736000 | PA      | $26581125.84  | 0.38%             | 2055-04-03      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds       | Argentina Republic Government International Bonds                                                                        | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |  116245000 | PA      | $70155558.16  | 1.01%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED EUR / SOLD USD                                                                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | N/A       |          1 | NC      | $-48691.37    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                   | Venezuela Government International Bond                                                                                  | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |   17593000 | PA      | $2507002.50   | 0.04%             | 2024-10-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CEZ AS                                                  | CEZ AS                                                                                                                   | CUSIP: 000000000<br>LEI: 529900S5R9YHJHYKKG94 | Long             | DBT              | CORP              | CZ        |   13195000 | PA      | $15173317.99  | 0.22%             | 2032-06-11      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                                                                   | CUSIP: 900123DC1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   44390000 | PA      | $41019245.35  | 0.59%             | 2031-06-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                   | Mexico Government International Bond                                                                                     | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   16198000 | PA      | $16034076.24  | 0.23%             | 2055-05-13      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC                                | Navoi Mining & Metallurgical Combinat                                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |     600000 | PA      | $604403.40    | 0.01%             | 2031-10-17      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                                                                    | CUSIP: 25714PEZ7<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   20389000 | PA      | $19999570.10  | 0.29%             | 2036-06-01      | Fixed         | 6.60%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                   | Venezuela Government International Bond                                                                                  | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |   10104000 | PA      | $1465080.00   | 0.02%             | 2023-05-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC                                | Navoi Mining & Metallurgical Combinat                                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |     600000 | PA      | $611460.97    | 0.01%             | 2028-10-17      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT BANK OF KAZA                                | Development Bank of Kazakhstan JSC                                                                                       | CUSIP: 000000000<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | NUSS              | KZ        |    1300000 | PA      | $1306095.92   | 0.02%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Corp. Nacional del Cobre de Chile                       | Corp. Nacional del Cobre de Chile                                                                                        | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    1900000 | PA      | $1928387.33   | 0.03%             | 2034-01-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                | First Quantum Minerals Ltd                                                                                               | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   17608000 | PA      | $17420981.91  | 0.25%             | 2033-03-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| EPH FIN INTERNATIONAL AS                                | EPH Financing International AS                                                                                           | CUSIP: 000000000<br>LEI: 3157003E5A4ZV0JCSM65 | Long             | DBT              | CORP              | CZ        |    6458000 | PA      | $7715355.51   | 0.11%             | 2029-11-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED USD / SOLD INR                                                                                                 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $-468171.78   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED USD / SOLD EUR                                                                                                 | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $35856.13     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                                 | Romanian Government International Bond                                                                                   | CUSIP: 77586RAQ3<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   10044000 | PA      | $10275773.74  | 0.15%             | 2028-02-17      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                   | Venezuela Government International Bond                                                                                  | CUSIP: 922646BL7<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |    1253000 | PA      | $259997.50    | 0.00%             | 2034-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED MXN / SOLD USD                                                                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | MX        |          1 | NC      | $4039.33      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                                    | Republic of Uzbekistan International Bond                                                                                | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    1300000 | PA      | $1299870.00   | 0.02%             | 2032-02-28      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| PLT VII FINANCE SARL                                    | PLT VII Finance Sarl                                                                                                     | CUSIP: 000000000<br>LEI: 894500SKZV4JDP64R249 | Long             | DBT              | CORP              | LU        |   16287000 | PA      | $18914311.05  | 0.27%             | 2031-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| LIBERTY COSTA RICA SR SF                                | Liberty Costa Rica Senior Secured Finance                                                                                | CUSIP: 000000000<br>LEI: 549300W6O2PHTPCYQ751 | Long             | DBT              | CORP              | KY        |    1200000 | PA      | $1272252.00   | 0.02%             | 2031-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| BANK GOSPODARSTWA KRAJOW                                | Bank Gospodarstwa Krajowego                                                                                              | CUSIP: 06237MAC7<br>LEI: 259400BCOV9JJIGLYF05 | Long             | DBT              | NUSS              | PL        |   14258000 | PA      | $14572674.06  | 0.21%             | 2034-07-09      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds                                                                  | CUSIP: 836205BE3<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   42218000 | PA      | $36207212.25  | 0.52%             | 2052-04-20      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                 | El Salvador Government International Bond                                                                                | CUSIP: 283875CG5<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    5955000 | PA      | $5901946.19   | 0.08%             | 2054-11-21      | Fixed         | 9.65%                 | Yes           |                  2 | On Loan: No      |
| Saudi Arabian Oil Co.                                   | Saudi Arabian Oil Co.                                                                                                    | CUSIP: 000000000<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    7781000 | PA      | $7452719.61   | 0.11%             | 2029-04-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LIBERTY COSTA RICA SR SF                                | Liberty Costa Rica Senior Secured Finance                                                                                | CUSIP: 530371AA1<br>LEI: 549300W6O2PHTPCYQ751 | Long             | DBT              | CORP              | KY        |    9385000 | PA      | $9950070.85   | 0.14%             | 2031-01-15      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| CHILE ELEC PEC SPA                                      | Chile Electricity PEC SpA                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |    8002791 | PA      | $6930417.14   | 0.10%             | 2028-01-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                     | Muthoot Finance Ltd                                                                                                      | CUSIP: 62828L2D4<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |    8637000 | PA      | $8354097.14   | 0.12%             | 2029-04-23      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                    | Saudi Arabian Oil Co                                                                                                     | CUSIP: 80414L2Q7<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    7446000 | PA      | $6855085.44   | 0.10%             | 2064-07-17      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| TELFON CELUAR DEL PARAGU                                | Telefonica Celular del Paraguay SA                                                                                       | CUSIP: 000000000<br>LEI: 254900R8A8IKGF4THL54 | Long             | DBT              | CORP              | PY        |    5330000 | PA      | $5287413.30   | 0.08%             | 2027-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT BANK OF KAZA                                | Development Bank of Kazakhstan JSC                                                                                       | CUSIP: 25159XAE3<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | NUSS              | KZ        |   12383000 | PA      | $12253498.59  | 0.18%             | 2029-10-23      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Paraguay Government International Bonds                 | Paraguay Government International Bonds                                                                                  | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |   13116000 | PA      | $12906255.88  | 0.19%             | 2031-04-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                                                                                      | CUSIP: 91282CFL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    9549000 | PA      | $9619871.53   | 0.14%             | 2029-09-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CNTL AMR BOTTLING CORP                                  | Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |   10351000 | PA      | $9905520.91   | 0.14%             | 2029-04-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                                                                      | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   31854000 | PA      | $26354849.67  | 0.38%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                                     | Benin Government International Bond                                                                                      | CUSIP: 08205QAC2<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |   10873000 | PA      | $9937922.00   | 0.14%             | 2041-01-23      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| WYNN MACAU LTD                                          | Wynn Macau Ltd                                                                                                           | CUSIP: 98313RAH9<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |   11237000 | PA      | $10725763.02  | 0.15%             | 2028-08-26      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| ENGIE ENERGIA CHILE SA                                  | Engie Energia Chile SA                                                                                                   | CUSIP: 000000000<br>LEI: 5493000FIKCC3ZDWTO77 | Long             | DBT              | CORP              | CL        |    2551000 | PA      | $2311969.00   | 0.03%             | 2030-01-28      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                                                                   | CUSIP: 900123CM0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   42553000 | PA      | $30745648.88  | 0.44%             | 2047-05-11      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                     | PURCHASED USD / SOLD PLN                                                                                                 | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $18798.28     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   50548000 | PA      | $45328919.00  | 0.65%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| 10 RENEW POWER SUBSIDIAR                                | ReNew Wind Energy AP2 / ReNew Power Pvt Ltd other 9 Subsidiaries                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |    8253000 | PA      | $7649055.36   | 0.11%             | 2028-07-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                                  | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX                                             | CUSIP: 000000000<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    1300000 | PA      | $1349913.05   | 0.02%             | 2038-06-29      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                   | Venezuela Government International Bond                                                                                  | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |   64697500 | PA      | $9704625.00   | 0.14%             | 2038-03-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SITIOS LATINOAMERICA                                    | Sitios Latinoamerica SAB de CV                                                                                           | CUSIP: 82983PAA1<br>LEI: 984500D2C0CDC0BFDD35 | Long             | DBT              | CORP              | MX        |   13760000 | PA      | $13806096.00  | 0.20%             | 2029-11-25      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Export-Import Bank of India                             | Export-Import Bank of India                                                                                              | CUSIP: 30216KAG7<br>LEI: 335800OFZ8YEIVN1QI11 | Long             | DBT              | NUSS              | IN        |     700000 | PA      | $712227.64    | 0.01%             | 2033-01-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Serbia International Bonds                              | Serbia International Bonds                                                                                               | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |   12912000 | PA      | $10772440.15  | 0.15%             | 2030-12-01      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| OTP BANK NYRT                                           | OTP Bank Nyrt                                                                                                            | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | DBT              | CORP              | HU        |   13701000 | PA      | $13770015.36  | 0.20%             | 2035-07-30      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Angola Government International Bonds                   | Angola Government International Bonds                                                                                    | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |   66782000 | PA      | $45530631.96  | 0.65%             | 2049-11-26      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                                                                    | CUSIP: 25714PED6<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    7378000 | PA      | $6857113.20   | 0.10%             | 2030-01-30      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Jordan Government International Bonds                   | Jordan Government International Bonds                                                                                    | CUSIP: 000000000<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    7874000 | PA      | $6607270.25   | 0.09%             | 2047-10-10      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | US LONG BOND(CBT) JUN25                                                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       1095 | NC      | $353079.42    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Bonds                                                                                                      | CUSIP: 912810RQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   89151600 | PA      | $62413084.52  | 0.90%             | 2046-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| IIFL FINANCE LTD                                        | IIFL Finance Ltd                                                                                                         | CUSIP: 44964HAA2<br>LEI: 335800CZ46UJRS34JR78 | Long             | DBT              | CORP              | IN        |   13447000 | PA      | $12774650.00  | 0.18%             | 2028-07-24      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                                   | Philippine Government Bond                                                                                               | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |  691520000 | PA      | $12624097.43  | 0.18%             | 2030-07-27      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                 | Romanian Government International Bond                                                                                   | CUSIP: 77586RAN0<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   16934000 | PA      | $16793635.43  | 0.24%             | 2027-11-25      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                   | Sri Lanka Government International Bond                                                                                  | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    7380500 | PA      | $5166350.00   | 0.07%             | 2038-02-15      | Variable      | 3.60%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED EUR / SOLD USD                                                                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | N/A       |          1 | NC      | $-26758.45    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                      | Serbia International Bond                                                                                                | CUSIP: 817477AJ1<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |   18140000 | PA      | $17912153.26  | 0.26%             | 2034-06-12      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Chile Government International Bonds                    | Chile Government International Bonds                                                                                     | CUSIP: 168863EA2<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    4713000 | PA      | $4378989.69   | 0.06%             | 2054-01-05      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| SAUDI ELECTRICITY SUKUK                                 | Saudi Electricity Sukuk Programme Co                                                                                     | CUSIP: 000000000<br>LEI: 549300KZ4IZK3RMUO096 | Long             | DBT              | CORP              | KY        |   17452000 | PA      | $17661424.00  | 0.25%             | 2030-02-18      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                   | Venezuela Government International Bond                                                                                  | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |   29188000 | PA      | $4159290.00   | 0.06%             | 2025-04-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                     | Muthoot Finance Ltd                                                                                                      | CUSIP: 62828M2C4<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |     800000 | PA      | $794951.86    | 0.01%             | 2028-02-14      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ABU DHABI DEVELOPMENT HO                                | Abu Dhabi Developmental Holding Co PJSC                                                                                  | CUSIP: 00402AAA9<br>LEI: 254900G082ZFKTCR2Q75 | Long             | DBT              | CORP              | AE        |   15121000 | PA      | $15044638.95  | 0.22%             | 2030-05-06      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Philippines Government International Bonds              | Philippines Government International Bonds                                                                               | CUSIP: 718286CW5<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    5959000 | PA      | $5955238.08   | 0.09%             | 2033-07-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                             | Ivory Coast Government International Bond                                                                                | CUSIP: 221625AT3<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |   17377000 | PA      | $16399543.75  | 0.24%             | 2033-01-30      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| CIA CERVECERIAS UNIDAS                                  | Cia Cervecerias Unidas SA                                                                                                | CUSIP: 204429AA2<br>LEI: 529900BJW9B0O6LI2R39 | Long             | DBT              | CORP              | CL        |   10096000 | PA      | $8901545.27   | 0.13%             | 2032-01-19      | Fixed         | 3.35%                 | Yes           |                  2 | On Loan: No      |
| CFAMC II CO LTD                                         | CFAMC II Co Ltd                                                                                                          | CUSIP: 000000000<br>LEI: 549300BHVD63HE2GHX17 | Long             | DBT              | CORP              | VG        |    7424000 | PA      | $7354065.92   | 0.11%             | 2026-06-03      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                     | Oman Government International Bonds                                                                                      | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |   72840000 | PA      | $73621718.88  | 1.06%             | 2048-01-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SAN MIGUEL INDUSTRIAS                                   | SAN Miguel Industrias Pet SA / NG PET R&P Latin America SA                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |     700000 | PA      | $642250.00    | 0.01%             | 2028-08-02      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                                                                     | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   37194000 | PA      | $30220125.00  | 0.43%             | 2031-02-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GOVT OF BERMUDA                                         | Bermuda Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |   10233000 | PA      | $8879979.85   | 0.13%             | 2030-08-20      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| ADANI ELECTRICITY MUMBAI                                | Adani Electricity Mumbai Ltd                                                                                             | CUSIP: 000000000<br>LEI: 335800AIC1B5EBFVUC38 | Long             | DBT              | CORP              | IN        |   16610000 | PA      | $14365347.85  | 0.21%             | 2030-02-12      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| INDIAN RAILWAY FINANCE                                  | Indian Railway Finance Corp Ltd                                                                                          | CUSIP: 45434M2C5<br>LEI: 335800F2JHSOGXQEBY56 | Long             | DBT              | CORP              | IN        |   11493000 | PA      | $10255024.84  | 0.15%             | 2031-02-10      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| GOVT OF BERMUDA                                         | Bermuda Government International Bond                                                                                    | CUSIP: 085209AJ3<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |   15892000 | PA      | $15624815.27  | 0.22%             | 2032-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CROATIA                                                 | Croatia Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 74780000O00QGQ7CER13 | Long             | DBT              | NUSS              | HR        |   13613000 | PA      | $15146393.54  | 0.22%             | 2037-02-11      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                                 | Philippine Government International Bond                                                                                 | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    4838000 | PA      | $3870766.11   | 0.06%             | 2041-04-28      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| EMPRESA NACIONAL DEL PET                                | Empresa Nacional del Petroleo                                                                                            | CUSIP: 000000000<br>LEI: 549300YP3P0JZBLIV197 | Long             | DBT              | CORP              | CL        |   16094000 | PA      | $16151262.45  | 0.23%             | 2029-11-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BANCO CONTINENTAL S.A.E.                                | Banco Continental SAECA                                                                                                  | CUSIP: 059490AB8<br>LEI: 8945005Q0D60A6FCEM55 | Long             | DBT              | CORP              | PY        |    6079000 | PA      | $5974829.04   | 0.09%             | 2025-12-10      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| CODELCO INC                                             | Corp Nacional del Cobre de Chile                                                                                         | CUSIP: 21987BBL1<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |   16439000 | PA      | $17016008.90  | 0.24%             | 2035-01-13      | Fixed         | 6.33%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                                                                      | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   14235000 | PA      | $9560580.59   | 0.14%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Perusahaan Penerbit SBSN Indonesia III                  | Perusahaan Penerbit SBSN Indonesia III                                                                                   | CUSIP: 71567RAP1<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |     700000 | PA      | $636155.88    | 0.01%             | 2030-06-23      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                                                                | CUSIP: 401494AV1<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    2725000 | PA      | $2680678.23   | 0.04%             | 2029-08-10      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Oman Government International Bonds                     | Oman Government International Bonds                                                                                      | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |   32737000 | PA      | $32480210.97  | 0.47%             | 2047-03-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                                  | Republic of Uzbekistan International Bond                                                                                | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   17611000 | PA      | $14919968.76  | 0.21%             | 2031-10-19      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                             | Ivory Coast Government International Bond                                                                                | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    8869000 | PA      | $8173438.85   | 0.12%             | 2040-10-17      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                   | Panama Government International Bonds                                                                                    | CUSIP: 698299BL7<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   16751000 | PA      | $9042866.37   | 0.13%             | 2060-07-23      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | US 5YR NOTE (CBT) JUN25                                                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       1049 | NC      | $2553245.02   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                   | Sri Lanka Government International Bond                                                                                  | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    4339176 | PA      | $3493036.68   | 0.05%             | 2030-01-15      | Variable      | 3.10%                 | Yes           |                  2 | On Loan: No      |
| ARCOS DORADOS BV                                        | Arcos Dorados BV                                                                                                         | CUSIP: 03965TAC7<br>LEI: 549300T91OYP6I7P8G39 | Long             | DBT              | CORP              | NL        |   19003000 | PA      | $19335932.56  | 0.28%             | 2032-01-29      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| JSCB AGROBANK                                           | Jscb Agrobank                                                                                                            | CUSIP: 201281AA0<br>LEI: 254900JPMU0LFCP18673 | Long             | DBT              | CORP              | UZ        |   17750000 | PA      | $18327812.56  | 0.26%             | 2029-10-02      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| NATIONAL CENTRAL COOLING                                | National Central Cooling Co PJSC                                                                                         | CUSIP: 000000000<br>LEI: 254900E7M1Y3DXGQ1283 | Long             | DBT              | CORP              | AE        |   11315000 | PA      | $11508450.63  | 0.17%             | 2030-03-05      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS                                | First Abu Dhabi Bank PJSC                                                                                                | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | DBT              | CORP              | AE        |   14569000 | PA      | $15022460.13  | 0.22%             | 2034-04-04      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| UZBEK INDUSTRIAL AND CON                                | Uzbek Industrial and Construction Bank ATB                                                                               | CUSIP: 000000000<br>LEI: 213800C2NIFPFTXYIU69 | Long             | DBT              | CORP              | UZ        |     700000 | PA      | $716100.00    | 0.01%             | 2029-07-24      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                 | Hungary Government International Bond                                                                                    | CUSIP: 445545AS5<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    8872000 | PA      | $9144991.44   | 0.13%             | 2032-09-22      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BANK GOSPODARSTWA KRAJOW                                | Bank Gospodarstwa Krajowego                                                                                              | CUSIP: 000000000<br>LEI: 259400BCOV9JJIGLYF05 | Long             | DBT              | NUSS              | PL        |    6757000 | PA      | $7627420.28   | 0.11%             | 2035-03-13      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT                                   | Costa Rica Government International Bond                                                                                 | CUSIP: 221597CR6<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |   29172000 | PA      | $29813784.00  | 0.43%             | 2034-04-03      | Fixed         | 6.55%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                     | Petroleos Mexicanos                                                                                                      | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    7565000 | PA      | $7439858.94   | 0.11%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                 | Hungary Government International Bond                                                                                    | CUSIP: 445545AQ9<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   28898000 | PA      | $27864174.05  | 0.40%             | 2034-06-16      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CODELCO INC                                             | Corp Nacional del Cobre de Chile                                                                                         | CUSIP: 21987BBK3<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    8947000 | PA      | $9270320.96   | 0.13%             | 2036-01-26      | Fixed         | 6.44%                 | Yes           |                  2 | On Loan: No      |
| PETRA DIAMONDS US TREAS                                 | Petra Diamonds US Treasury PLC                                                                                           | CUSIP: 000000000<br>LEI: 635400LZYOO6WHAO2H58 | Long             | DBT              | CORP              | GB        |    9560024 | PA      | $5163440.66   | 0.07%             | 2026-03-08      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| EMIRATES SEMBCORP WATER                                 | Emirates Semb Corp Water & Power Co PJSC                                                                                 | CUSIP: 000000000<br>LEI: 213800FF7EXWECXGTO26 | Long             | DBT              | CORP              | AE        |    2400000 | PA      | $2244000.00   | 0.03%             | 2035-08-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                             | Ivory Coast Government International Bond                                                                                | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    3304000 | PA      | $3233599.08   | 0.05%             | 2032-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CBQ FINANCE LTD                                         | CBQ Finance Ltd                                                                                                          | CUSIP: 000000000<br>LEI: 213800FNEMX56U9OHK56 | Long             | DBT              | CORP              | BM        |   10680000 | PA      | $10919979.60  | 0.16%             | 2029-03-28      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| STAR ENERGY GEOTHERMAL                                  | Star Energy Geothermal Wayang Windu Ltd                                                                                  | CUSIP: 85511XAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    8283134 | PA      | $8283275.31   | 0.12%             | 2033-04-24      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                    | Colombia Government International Bond                                                                                   | CUSIP: 195325ES0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   13663000 | PA      | $13877765.42  | 0.20%             | 2035-04-25      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                    | Saudi Arabian Oil Co                                                                                                     | CUSIP: 80414L2N4<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |   13862000 | PA      | $13966796.72  | 0.20%             | 2034-07-17      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                                                                    | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     900000 | PA      | $882810.00    | 0.01%             | 2036-06-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                             | Ivory Coast Government International Bond                                                                                | CUSIP: 221625AV8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |   16033000 | PA      | $14820038.62  | 0.21%             | 2036-04-01      | Fixed         | 8.08%                 | Yes           |                  2 | On Loan: No      |
| Mexico Government International Bonds                   | Mexico Government International Bonds                                                                                    | CUSIP: 91087BAX8<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   27309000 | PA      | $23958950.35  | 0.34%             | 2053-05-04      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BK THAILND                                | Export Import Bank of Thailand                                                                                           | CUSIP: 000000000<br>LEI: 549300ITFBNFH0H6FK36 | Long             | DBT              | NUSS              | TH        |    9999000 | PA      | $10248443.55  | 0.15%             | 2029-05-16      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Republic of El Salvador                                 | El Salvador Government International Bond                                                                                | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    2527000 | PA      | $2564252.07   | 0.04%             | 2029-02-28      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Zambia Government International Bonds                   | Zambia Government International Bonds                                                                                    | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |    7037733 | PA      | $4009044.60   | 0.06%             | 2053-12-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                                         | Sands China Ltd                                                                                                          | CUSIP: 80007RAS4<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |    9063000 | PA      | $7724585.22   | 0.11%             | 2031-08-08      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BIMBO BAKERIES USA INC                                  | Bimbo Bakeries USA Inc                                                                                                   | CUSIP: 09031WAE3<br>LEI: 549300HOXXHHT7926W92 | Long             | DBT              | CORP              | US        |    7474000 | PA      | $7291452.03   | 0.10%             | 2036-01-09      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX                                   | Chile Electricity Lux MPC Sarl                                                                                           | CUSIP: 168829AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    9755700 | PA      | $10053248.85  | 0.14%             | 2033-01-20      | Fixed         | 6.01%                 | Yes           |                  2 | On Loan: No      |
| SHRIRAM FINANCE LTD                                     | Shriram Finance Ltd                                                                                                      | CUSIP: 000000000<br>LEI: 335800TM2YO24B76XL26 | Long             | DBT              | CORP              | IN        |    1600000 | PA      | $1591669.12   | 0.02%             | 2027-04-22      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| EP INFRASTRUCTURE AS                                    | EP Infrastructure AS                                                                                                     | CUSIP: 000000000<br>LEI: 315700I4J1M1NKGWWY89 | Long             | DBT              | CORP              | CZ        |    9884000 | PA      | $9798286.25   | 0.14%             | 2031-03-02      | Fixed         | 1.82%                 | No            |                  2 | On Loan: No      |
| Republic of Azerbaijan International Bonds              | Republic of Azerbaijan International Bonds                                                                               | CUSIP: 000000000<br>LEI: 549300P74FF45UQVU281 | Long             | DBT              | NUSS              | AZ        |   32821000 | PA      | $28652733.00  | 0.41%             | 2032-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | Ukraine Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   24287000 | PA      | $17000900.00  | 0.24%             | 2041-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                | OCP SA                                                                                                                   | CUSIP: 67091TAF2<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |   19968000 | PA      | $20157696.00  | 0.29%             | 2034-05-02      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                                                                   | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   10861000 | PA      | $10473262.30  | 0.15%             | 2033-02-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                                     | Bangkok Bank PCL/Hong Kong                                                                                               | CUSIP: 000000000<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |   30912000 | PA      | $28473948.92  | 0.41%             | 2034-09-25      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF MONTENEGRO                                  | Montenegro Government International Bond                                                                                 | CUSIP: 000000000<br>LEI: 747800V014106FYLL014 | Long             | DBT              | NUSS              | ME        |   13310000 | PA      | $14617075.95  | 0.21%             | 2032-04-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                                                                   | CUSIP: 900123CP3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    6956000 | PA      | $6713013.01   | 0.10%             | 2028-02-17      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| KALLPA GENERACION SA                                    | Kallpa Generacion SA                                                                                                     | CUSIP: 48344FAB6<br>LEI: 549300NG1PWEI5BZG095 | Long             | DBT              | CORP              | PE        |   18021000 | PA      | $18264283.50  | 0.26%             | 2032-01-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                      | Angolan Government International Bond                                                                                    | CUSIP: 035198AF7<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |   23482000 | PA      | $18419280.80  | 0.26%             | 2032-04-14      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| BANCO GNB SUDAMERIS SA                                  | Banco GNB Sudameris SA                                                                                                   | CUSIP: 059593AE3<br>LEI: 549300SO7QUETMQD9D84 | Long             | DBT              | CORP              | CO        |    7710000 | PA      | $7480809.46   | 0.11%             | 2031-04-16      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MC BRAZIL DWNSTRM                                       | MC Brazil Downstream Trading SARL                                                                                        | CUSIP: 000000000<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |    9591290 | PA      | $7414067.43   | 0.11%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| UNITED OVERSEAS BANK LTD                                | United Overseas Bank Ltd                                                                                                 | CUSIP: 91127LAH3<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | DBT              | CORP              | SG        |    1000000 | PA      | $980917.41    | 0.01%             | 2032-10-07      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| Uruguay Government International Bonds                  | Uruguay Government International Bond                                                                                    | CUSIP: 760942BH4<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |   22045000 | PA      | $22436298.75  | 0.32%             | 2037-02-14      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Serbia International Bonds                              | Serbia International Bonds                                                                                               | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    3211000 | PA      | $3170668.36   | 0.05%             | 2034-06-12      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CIA CERVECERIAS UNIDAS                                  | Cia Cervecerias Unidas SA                                                                                                | CUSIP: 000000000<br>LEI: 529900BJW9B0O6LI2R39 | Long             | DBT              | CORP              | CL        |    3096000 | PA      | $2729713.17   | 0.04%             | 2032-01-19      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                                                                    | CUSIP: 105756CJ7<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    6580000 | PA      | $6233033.05   | 0.09%             | 2054-05-13      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| STAR ENERGY GEOTHERMAL                                  | Star Energy Geothermal Wayang Windu Ltd                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    6953836 | PA      | $6953953.72   | 0.10%             | 2033-04-24      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALFA DESARROLLO SPA                                     | Alfa Desarrollo SpA                                                                                                      | CUSIP: 000000000<br>LEI: 2549006BJAN34R520038 | Long             | DBT              | CORP              | CL        |   16474682 | PA      | $12112779.31  | 0.17%             | 2051-09-27      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                 | Hungary Government International Bond                                                                                    | CUSIP: 445545AP1<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   12477000 | PA      | $12464523.00  | 0.18%             | 2029-06-16      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| NATIONAL BANK OF UZBEKIS                                | National Bank of Uzbekistan                                                                                              | CUSIP: 000000000<br>LEI: 253400TZJ7T1YULTGN68 | Long             | DBT              | NUSS              | UZ        |   11129000 | PA      | $11354686.77  | 0.16%             | 2029-07-05      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR                                | Corp Financiera de Desarrollo SA                                                                                         | CUSIP: 21987DAG9<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |   20118000 | PA      | $20582424.03  | 0.30%             | 2029-04-30      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| INFRAESTRUCTURA ENERGETI                                | Infraestructura Energetica Nova SAPI de CV                                                                               | CUSIP: 000000000<br>LEI: 715K4H1JYF3O6JOK1411 | Long             | DBT              | CORP              | MX        |   13416000 | PA      | $9542787.92   | 0.14%             | 2048-01-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ENGIE ENERGIA CHILE SA                                  | Engie Energia Chile SA                                                                                                   | CUSIP: 29287TAB5<br>LEI: 5493000FIKCC3ZDWTO77 | Long             | DBT              | CORP              | CL        |    8958000 | PA      | $9236647.55   | 0.13%             | 2034-04-17      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                                   | India Government Bond                                                                                                    | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |  913280000 | PA      | $11337995.48  | 0.16%             | 2033-08-14      | Fixed         | 7.18%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                                     | Benin Government International Bond                                                                                      | CUSIP: 08205QAA6<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |   15301000 | PA      | $13764932.61  | 0.20%             | 2038-02-13      | Fixed         | 7.96%                 | Yes           |                  2 | On Loan: No      |
| GOVT OF BERMUDA                                         | Bermuda Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |    2100000 | PA      | $2064693.69   | 0.03%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DUA CAPITAL LTD                                         | Dua Capital Ltd                                                                                                          | CUSIP: 000000000<br>LEI: 213800ILVLALFTITCB43 | Long             | DBT              | CORP              | MY        |   14829000 | PA      | $13369411.19  | 0.19%             | 2031-05-11      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| ABU DHABI DEVELOPMENT HO                                | Abu Dhabi Developmental Holding Co PJSC                                                                                  | CUSIP: 00402AAB7<br>LEI: 254900G082ZFKTCR2Q75 | Long             | DBT              | CORP              | AE        |   20435000 | PA      | $20307281.25  | 0.29%             | 2035-05-06      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS                                | First Abu Dhabi Bank PJSC                                                                                                | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | DBT              | CORP              | AE        |    7112000 | PA      | $7227641.12   | 0.10%             | 2035-01-16      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ADANI TRANS STEP-ONE LTD                                | Adani Transmission Step-One Ltd                                                                                          | CUSIP: 00652XAB4<br>LEI: 335800Z8CGS7O7D72N41 | Long             | DBT              | CORP              | IN        |   11058425 | PA      | $9184516.27   | 0.13%             | 2036-05-21      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| NATIONAL CENTRAL COOLING                                | National Central Cooling Co PJSC                                                                                         | CUSIP: 000000000<br>LEI: 254900E7M1Y3DXGQ1283 | Long             | DBT              | CORP              | AE        |    6892000 | PA      | $6523174.62   | 0.09%             | 2027-10-21      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                 | Romanian Government International Bond                                                                                   | CUSIP: 77586RAT7<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   11260000 | PA      | $11155113.10  | 0.16%             | 2029-01-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs International                             | PURCHASED BRL / SOLD USD                                                                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | BR        |          1 | NC      | $758109.26    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                    | Saudi Government International Bonds                                                                                     | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |   14821000 | PA      | $12565392.01  | 0.18%             | 2053-01-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| El Salvador Government International Bonds              | El Salvador Government International Bonds                                                                               | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    1697000 | PA      | $1598370.78   | 0.02%             | 2035-06-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BK INDIA                                  | Export-Import Bank of India                                                                                              | CUSIP: 30216JAF2<br>LEI: 335800OFZ8YEIVN1QI11 | Long             | DBT              | NUSS              | IN        |   28790000 | PA      | $24859920.57  | 0.36%             | 2031-01-13      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                                    | Raizen Fuels Finance SA                                                                                                  | CUSIP: 75102XAC0<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |   16041000 | PA      | $15165857.58  | 0.22%             | 2054-03-05      | Fixed         | 6.95%                 | Yes           |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | Ukraine Government International Bond                                                                                    | CUSIP: 903724CB6<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   16371030 | PA      | $7972691.61   | 0.11%             | 2035-02-01      | Variable      | 1.75%                 | Yes           |                  2 | On Loan: No      |
| ABU DHABI NATIONAL ENERG                                | Abu Dhabi National Energy Co PJSC                                                                                        | CUSIP: 00388WAP6<br>LEI: 213800UNJSVQFNUYYW03 | Long             | DBT              | CORP              | AE        |   11260000 | PA      | $10767375.00  | 0.15%             | 2037-03-09      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO                                 | KazMunayGas National Co JSC                                                                                              | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |    7720000 | PA      | $6395595.40   | 0.09%             | 2033-04-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                    | Paraguay Government International Bond                                                                                   | CUSIP: 699149BY5<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |   14418000 | PA      | $14255797.50  | 0.20%             | 2055-03-04      | Fixed         | 6.65%                 | Yes           |                  2 | On Loan: No      |
| CODELCO INC                                             | Corp Nacional del Cobre de Chile                                                                                         | CUSIP: 21987BBG2<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |   26903000 | PA      | $27304949.65  | 0.39%             | 2034-01-08      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD                                       | Kosmos Energy Ltd                                                                                                        | CUSIP: 000000000<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |    7585000 | PA      | $6445852.84   | 0.09%             | 2028-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CIA DE MINAS BUENAVENTUR                                | Cia de Minas Buenaventura SAA                                                                                            | CUSIP: 204448AB0<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | DBT              | CORP              | PE        |    6883000 | PA      | $6831446.33   | 0.10%             | 2032-02-04      | Fixed         | 6.80%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                                 | Philippine Government International Bond                                                                                 | CUSIP: 718286CT2<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    8598000 | PA      | $8930571.41   | 0.13%             | 2033-04-13      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                                | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                                                                | CUSIP: 71568QAK3<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |    2800000 | PA      | $2239739.43   | 0.03%             | 2049-07-17      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                                                                   | CUSIP: 900123BJ8<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    8547000 | PA      | $6803309.44   | 0.10%             | 2041-01-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF UZBEKIS                                | National Bank of Uzbekistan                                                                                              | CUSIP: 000000000<br>LEI: 253400TZJ7T1YULTGN68 | Long             | DBT              | NUSS              | UZ        |   12812000 | PA      | $12703815.47  | 0.18%             | 2025-10-21      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CEZ AS                                                  | CEZ AS                                                                                                                   | CUSIP: 000000000<br>LEI: 529900S5R9YHJHYKKG94 | Long             | DBT              | CORP              | CZ        |    6995000 | PA      | $7860673.14   | 0.11%             | 2027-04-06      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | Ukraine Government International Bond                                                                                    | CUSIP: 903724CC4<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   24382527 | PA      | $11727995.49  | 0.17%             | 2036-02-01      | Variable      | 1.75%                 | Yes           |                  2 | On Loan: No      |
| Deutsche Bank AG                                        | PURCHASED USD / SOLD BRL                                                                                                 | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |          1 | NC      | $-1977331.89  | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bonds               | Costa Rica Government International Bonds                                                                                | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |   14359000 | PA      | $14609464.47  | 0.21%             | 2054-11-13      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                             | PURCHASED USD / SOLD EUR                                                                                                 | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $-505448.06   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK GOSPODARSTWA KRAJOW                                | Bank Gospodarstwa Krajowego                                                                                              | CUSIP: 06237MAA1<br>LEI: 259400BCOV9JJIGLYF05 | Long             | DBT              | NUSS              | PL        |    9601000 | PA      | $9663752.14   | 0.14%             | 2033-05-22      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED USD / SOLD PHP                                                                                                 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $-50286.64    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ENGIE ENERGIA CHILE SA                                  | Engie Energia Chile SA                                                                                                   | CUSIP: 29287TAA7<br>LEI: 5493000FIKCC3ZDWTO77 | Long             | DBT              | CORP              | CL        |   12882000 | PA      | $11674945.01  | 0.17%             | 2030-01-28      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD                                       | Kosmos Energy Ltd                                                                                                        | CUSIP: 000000000<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |    7460000 | PA      | $6013732.78   | 0.09%             | 2031-10-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| AMBIPAR LUX SARL                                        | Ambipar Lux Sarl                                                                                                         | CUSIP: 02319WAB7<br>LEI: 9845008C0E14F9BDEK55 | Long             | DBT              | CORP              | LU        |   11424000 | PA      | $11160105.60  | 0.16%             | 2033-02-05      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                      | Serbia International Bond                                                                                                | CUSIP: 817477AG7<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |   12636000 | PA      | $12955707.48  | 0.19%             | 2028-05-26      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                       | Republic of Kenya Government International Bond                                                                          | CUSIP: 491798AN4<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |   10533000 | PA      | $9240516.64   | 0.13%             | 2036-03-05      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Bulgaria Government International Bonds                 | Bulgaria Government International Bonds                                                                                  | CUSIP: 000000000<br>LEI: 529900PG0XCL4LICL838 | Long             | DBT              | NUSS              | BG        |   25016000 | PA      | $24199599.34  | 0.35%             | 2037-03-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOVT OF BERMUDA                                         | Bermuda Government International Bond                                                                                    | CUSIP: 085209AG9<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |   16826000 | PA      | $14601245.08  | 0.21%             | 2030-08-20      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| NBK SPC LTD                                             | NBK SPC Ltd                                                                                                              | CUSIP: 62877PAB0<br>LEI: 549300P1ANDK86KWB419 | Long             | DBT              | CORP              | AE        |   12571000 | PA      | $12043357.42  | 0.17%             | 2027-09-15      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| ABU DHABI DEVELOPMENT HO                                | Abu Dhabi Developmental Holding Co PJSC                                                                                  | CUSIP: 00402D2A2<br>LEI: 254900G082ZFKTCR2Q75 | Long             | DBT              | CORP              | AE        |    6940000 | PA      | $7147020.20   | 0.10%             | 2029-05-08      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                     | Nigeria Government International Bond                                                                                    | CUSIP: 65412AFC1<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    6877000 | PA      | $6473320.10   | 0.09%             | 2031-06-09      | Fixed         | 9.63%                 | Yes           |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                                                                     | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   52277000 | PA      | $37928009.04  | 0.54%             | 2047-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Jamaica Government International Bonds                  | Jamaica Government International Bonds                                                                                   | CUSIP: 470160CB6<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |    4547000 | PA      | $5088816.11   | 0.07%             | 2045-07-28      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** MFS SERIES TRUST X

**Signature:** James Byrne

**Name of Signer:** James Byrne

**Title:** Assistant Treasurer