# EDGAR Filing Document

**Accession Number:** 0001034106
**File Stem:** 0001193125-25-212423
**Filing Date:** 2025-9
**Character Count:** 301077
**Document Hash:** 8ef44f9a94f8cf1a9778d10a9574a5ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-212423.hdr.sgml**: 20250923

**ACCESSION NUMBER**: 0001193125-25-212423

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250923

**DATE AS OF CHANGE**: 20250923

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FEDERATED HERMES CORE TRUST
- **CENTRAL INDEX KEY:** 0001034106

**ORGANIZATION NAME:**
- **EIN:** 232934777
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1212

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08519
- **FILM NUMBER:** 251331885

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 8003417400

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED CORE TRUST
- **DATE OF NAME CHANGE:** 20180601

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED CORE TRUST/PA
- **DATE OF NAME CHANGE:** 19971126

## Series and Classes Contracts Data

### Emerging Markets Core Fund (Series ID: S000054054)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000169915 | Emerging Markets Core Fund |  |

## Nport-Ex

Emerging Markets Core Fund

Portfolio of Investments

July 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount** <br>**or Shares**<br>|  | **Value in** <br>**U.S. Dollars**<br>|
|  | FOREIGN GOVERNMENTS/AGENCIES—76.6% |  |
|  | **Banking—1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; $1250000 | Banco De Bogota S.A., Sub., REGS, 6.250%, 5/12/2026 | &nbsp;&nbsp; $1257701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Banco Do Brasil S.A., Sr. Unsecd. Note, 144A, 6.000%, 3/18/2031 | &nbsp;&nbsp; 507729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Corp Financiera de Desarrollo S.A., Sr. Unsecd. Note, 144A, 5.950%, 4/30/2029 | &nbsp;&nbsp; 770130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000<br><sup>1</sup> <br>| Industrial and Commercial Bank of China Ltd., Jr. Sub. Note, 3.200%, 9/24/2026 | &nbsp;&nbsp; 982125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | OTP Bank Nyrt, Sub., Series EMTN, 8.750%, 5/15/2033 | &nbsp;&nbsp; 1611386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Turkiye Vakiflar Bankasi T.A.O., Sr. Unsecd. Note, 144A, 9.000%, 10/12/2028 | &nbsp;&nbsp; 1073502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3600000 | Turkiye Varlik Fonu Yonetimi AS, Sr. Unsecd. Note, 8.250%, 2/14/2029 | &nbsp;&nbsp; 3771244 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9973817 |
|  | **Chemicals & Plastics—0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3800000 | OCP S.A., Sr. Unsecd. Note, 144A, 5.125%, 6/23/2051 | &nbsp;&nbsp; 2927060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | OCP S.A., Sr. Unsecd. Note, REGS, 3.750%, 6/23/2031 | &nbsp;&nbsp; 1356490 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4283550 |
|  | **Finance—0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700000 | China Overseas Finance Cayman VII Ltd., Sr. Unsecd. Note, 4.750%, 4/26/2028 | &nbsp;&nbsp; 1698753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000<br><sup>1</sup> <br>| MAF Global Securities Ltd., Jr. Sub. Deb., 6.375%, 3/20/2026 | &nbsp;&nbsp; 3005156 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4703909 |
|  | **Financial Intermediaries—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | CFAMC III Co. Ltd., Sr. Unsecd. Note, Series EMTN, 4.250%, 11/7/2027 | &nbsp;&nbsp; 394996 |
|  | **Oil & Gas—10.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Ecopetrol S.A., Sr. Unsecd. Note, 5.875%, 5/28/2045 | &nbsp;&nbsp; 709712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Ecopetrol S.A., Sr. Unsecd. Note, 6.875%, 4/29/2030 | &nbsp;&nbsp; 5008145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | Ecopetrol S.A., Sr. Unsecd. Note, 8.375%, 1/19/2036 | &nbsp;&nbsp; 3952647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300000 | Ecopetrol S.A., Sr. Unsecd. Note, 8.625%, 1/19/2029 | &nbsp;&nbsp; 2469619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3400000 | Ecopetrol S.A., Sr. Unsecd. Note, 8.875%, 1/13/2033 | &nbsp;&nbsp; 3568192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | Edo Sukuk Ltd., Sr. Unsecd. Note, 144A, 5.875%, 9/21/2033 | &nbsp;&nbsp; 936045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9100000 | Petrobras Global Finance B.V., Sr. Unsecd. Note, 6.000%, 1/13/2035 | &nbsp;&nbsp; 8833688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Petroleos del Peru S.A., Sr. Unsecd. Note, REGS, 4.750%, 6/19/2032 | &nbsp;&nbsp; 1199963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Petroleos del Peru S.A., Sr. Unsecd. Note, REGS, 5.625%, 6/19/2047 | &nbsp;&nbsp; 1012468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250000 | Petroleos Mexicanos, 6.500%, 6/2/2041 | &nbsp;&nbsp; 990932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3750000 | Petroleos Mexicanos, Co. Guarantee, 6.625%, 6/15/2035 | &nbsp;&nbsp; 3345105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Petroleos Mexicanos, Sr. Note, 6.840%, 1/23/2030 | &nbsp;&nbsp; 2954051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Petroleos Mexicanos, Sr. Secd. Note, 10.000%, 2/7/2033 | &nbsp;&nbsp; 1673602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4450000 | Petroleos Mexicanos, Sr. Unsecd. Note, 5.950%, 1/28/2031 | &nbsp;&nbsp; 4133258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6500000 | Petroleos Mexicanos, Sr. Unsecd. Note, 6.500%, 3/13/2027 | &nbsp;&nbsp; 6506626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Petroleos Mexicanos, Sr. Unsecd. Note, 6.700%, 2/16/2032 | &nbsp;&nbsp; 2384558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6800000 | Petroleos Mexicanos, Sr. Unsecd. Note, 6.750%, 9/21/2047 | &nbsp;&nbsp; 5271690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1875000 | Petroleos Mexicanos, Sr. Unsecd. Note, 6.950%, 1/28/2060 | &nbsp;&nbsp; 1448466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7000000 | Petroleos Mexicanos, Sr. Unsecd. Note, 7.690%, 1/23/2050 | &nbsp;&nbsp; 5938720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2900000 | Petroleos Mexicanos, Sr. Unsecd. Note, 8.750%, 6/2/2029 | &nbsp;&nbsp; 3057998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3350000 | Petroleos Mexicanos, Sr. Unsecd. Note, Series WI, 5.350%, 2/12/2028 | &nbsp;&nbsp; 3268377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3150000 | Petroleos Mexicanos, Sr. Unsecd. Note, Series WI, 6.350%, 2/12/2048 | &nbsp;&nbsp; 2418392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Petronas Capital Ltd., Sr. Unsecd. Note, 144A, 4.550%, 4/21/2050 | &nbsp;&nbsp; 170476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Qatar Petroleum, Sr. Unsecd. Note, REGS, 3.125%, 7/12/2041 | &nbsp;&nbsp; 1495995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Southern Gas Corridor CJSC, Sr. Unsecd. Note, REGS, 6.875%, 3/24/2026 | &nbsp;&nbsp; 809715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 985000 | YPF Sociedad Anonima, Sec. Fac. Bond, 9.500%, 1/17/2031 | &nbsp;&nbsp; 1042943 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | FOREIGN GOVERNMENTS/AGENCIES—continued |  |
|  | **Oil & Gas—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; $1550000 | YPF Sociedad Anonima, Sr. Unsecd. Note, 144A, 8.750%, 9/11/2031 | &nbsp;&nbsp; $1616678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1750000 | YPF Sociedad Anonima, Sr. Unsecd. Note, 144A, 9.000%, 6/30/2029 | &nbsp;&nbsp; 1811465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | YPF Sociedad Anonima, Sr. Unsecd. Note, REGS, 7.000%, 12/15/2047 | &nbsp;&nbsp; 855563 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 78885089 |
|  | **Real Estate—0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | China Great Wall International Holdings III Ltd., Sr. Unsecd. Note, Series EMTN, 3.875%, 8/31/2027 | &nbsp;&nbsp; 1079687 |
|  | **Sovereign—59.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Abu Dhabi, Government of, Sr. Unsecd. Note, REGS, 3.000%, 9/15/2051 | &nbsp;&nbsp; 660535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | Angola, Government of, Sr. Unsecd. Note, 144A, 8.000%, 11/26/2029 | &nbsp;&nbsp; 1025427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2100000 | Angola, Government of, Sr. Unsecd. Note, 144A, 8.750%, 4/14/2032 | &nbsp;&nbsp; 1908754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800000 | Angola, Government of, Sr. Unsecd. Note, REGS, 9.500%, 11/12/2025 | &nbsp;&nbsp; 1809083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8478633 | Argentina Bonar Bonds, Unsecd. Note, 0.750%, 7/9/2030 | &nbsp;&nbsp; 5060981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13108701 | Argentina, Government of, Sr. Unsecd. Note, 0.750%, 7/9/2030 | &nbsp;&nbsp; 10138138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1840000 | Argentina, Government of, Sr. Unsecd. Note, 1.000%, 7/9/2029 | &nbsp;&nbsp; 1494080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9400000 | Argentina, Government of, Sr. Unsecd. Note, 3.500%, 7/9/2041 | &nbsp;&nbsp; 5719900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14332671 | Argentina, Government of, Sr. Unsecd. Note, 4.125%, 7/9/2035 | &nbsp;&nbsp; 9459563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3913636 | Argentina, Government of, Sr. Unsecd. Note, 4.125%, 7/9/2046 | &nbsp;&nbsp; 2505706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11450000 | Argentina, Government of, Sr. Unsecd. Note, 5.000%, 1/9/2038 | &nbsp;&nbsp; 8043625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1600000 | Argentina, Government of, Unsecd. Note, 1.000%, 7/9/2029 | &nbsp;&nbsp; 1001584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8500000 | Argentina, Government of, Unsecd. Note, 4.125%, 7/9/2035 | &nbsp;&nbsp; 5528995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4500000 | Argentina, Government of, Unsecd. Note, 5.000%, 1/9/2038 | &nbsp;&nbsp; 3029760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 640000 | Argentina, Government of, Unsecd. Note, Series 1A, 5.000%, 10/31/2027 | &nbsp;&nbsp; 637498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Argentina, Government of, Unsecd. Note, Series 1C, 5.000%, 10/31/2027 | &nbsp;&nbsp; 1437840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1260000 | Argentina, Government of, Unsecd. Note, Series 1D, 5.000%, 10/31/2027 | &nbsp;&nbsp; 1206992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Armenia, Government of, Sr. Unsecd. Note, REGS, 3.950%, 9/26/2029 | &nbsp;&nbsp; 919591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Azerbaijan, Government of, Sr. Unsecd. Note, REGS, 3.500%, 9/1/2032 | &nbsp;&nbsp; 727870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Bahamas, Government of, Sr. Unsecd. Note, REGS, 8.950%, 10/15/2032 | &nbsp;&nbsp; 1061000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2600000 | Bahrain, Kingdom of, Sr. Unsecd. Note, 144A, 5.250%, 1/25/2033 | &nbsp;&nbsp; 2419598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3200000 | Bahrain, Kingdom of, Sr. Unsecd. Note, 144A, 5.450%, 9/16/2032 | &nbsp;&nbsp; 3022868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300000 | Bahrain, Kingdom of, Sr. Unsecd. Note, 144A, 5.625%, 5/18/2034 | &nbsp;&nbsp; 1212767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Bahrain, Kingdom of, Sr. Unsecd. Note, 144A, 7.375%, 5/14/2030 | &nbsp;&nbsp; 1050349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2100000 | Bahrain, Kingdom of, Sr. Unsecd. Note, 144A, 7.500%, 7/7/2037 | &nbsp;&nbsp; 2194447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Bahrain, Kingdom of, Sr. Unsecd. Note, REGS, 5.250%, 1/25/2033 | &nbsp;&nbsp; 2328623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Banco Nacional de Comercio Exterior, Sub., REGS, 2.720%, 8/11/2031 | &nbsp;&nbsp; 1929093 |
| &nbsp;&nbsp;&nbsp;&nbsp; EUR 1,300,000 | Benin, Government of, Sr. Unsecd. Note, 144A, 4.950%, 1/22/2035 | &nbsp;&nbsp; 1322176 |
| &nbsp;&nbsp;&nbsp;&nbsp; $600000 | Benin, Government of, Sr. Unsecd. Note, 144A, 7.960%, 2/13/2038 | &nbsp;&nbsp; 581046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Benin, Government of, Sr. Unsecd. Note, 144A, 8.375%, 1/23/2041 | &nbsp;&nbsp; 197070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Bolivia, Government of, Sr. Unsecd. Note, 144A, 4.500%, 3/20/2028 | &nbsp;&nbsp; 381315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300000 | Bolivia, Government of, Sr. Unsecd. Note, REGS, 4.500%, 3/20/2028 | &nbsp;&nbsp; 991419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Bolivia, Government of, Sr. Unsecd. Note, REGS, 7.500%, 3/2/2030 | &nbsp;&nbsp; 752790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Brazil, Government of, Bond, 8.250%, 1/20/2034 | &nbsp;&nbsp; 3420450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Brazil, Government of, Sr. Secd. Note, 5.625%, 2/21/2047 | &nbsp;&nbsp; 4063400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5500000 | Brazil, Government of, Sr. Unsecd. Note, 3.750%, 9/12/2031 | &nbsp;&nbsp; 4930127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Brazil, Government of, Sr. Unsecd. Note, 4.750%, 1/14/2050 | &nbsp;&nbsp; 2109185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4450000 | Brazil, Government of, Sr. Unsecd. Note, 6.000%, 10/20/2033 | &nbsp;&nbsp; 4394540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700000 | Brazil, Government of, Sr. Unsecd. Note, 6.125%, 3/15/2034 | &nbsp;&nbsp; 1681045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | Brazil, Government of, Sr. Unsecd. Note, 6.250%, 3/18/2031 | &nbsp;&nbsp; 4107383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3925000 | Brazil, Government of, Sr. Unsecd. Note, 6.625%, 3/15/2035 | &nbsp;&nbsp; 3942516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5183000 | Brazil, Government of, Sr. Unsecd. Note, 7.125%, 5/13/2054 | &nbsp;&nbsp; 4975679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BRL 2,500,000 | Brazil, Government of, Unsecd. Note, Series NTNF, 10.000%, 1/1/2033 | &nbsp;&nbsp; 374132 |

---

**2**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | FOREIGN GOVERNMENTS/AGENCIES—continued |  |
|  | **Sovereign—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; $4500000 | Colombia, Government of, 7.375%, 9/18/2037 | &nbsp;&nbsp; $4397580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Colombia, Government of, 8.375%, 11/7/2054 | &nbsp;&nbsp; 1460115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Colombia, Government of, Sr. Unsecd. Note, 3.250%, 4/22/2032 | &nbsp;&nbsp; 1217250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300000 | Colombia, Government of, Sr. Unsecd. Note, 3.875%, 8/15/2060 | &nbsp;&nbsp; 1262769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Colombia, Government of, Sr. Unsecd. Note, 4.125%, 5/15/2051 | &nbsp;&nbsp; 893220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6000000 | Colombia, Government of, Sr. Unsecd. Note, 4.500%, 3/15/2029 | &nbsp;&nbsp; 5745000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | Colombia, Government of, Sr. Unsecd. Note, 5.000%, 6/15/2045 | &nbsp;&nbsp; 2790000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | Colombia, Government of, Sr. Unsecd. Note, 7.375%, 4/25/2030 | &nbsp;&nbsp; 733250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2013000 | Colombia, Government of, Sr. Unsecd. Note, 7.500%, 2/2/2034 | &nbsp;&nbsp; 2041182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3900000 | Colombia, Government of, Sr. Unsecd. Note, 7.750%, 11/7/2036 | &nbsp;&nbsp; 3888300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6000000 | Colombia, Government of, Sr. Unsecd. Note, 8.000%, 4/20/2033 | &nbsp;&nbsp; 6321000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Colombia, Government of, Sr. Unsecd. Note, 8.000%, 11/14/2035 | &nbsp;&nbsp; 1537500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | Colombia, Government of, Sr. Unsecd. Note, 8.500%, 4/25/2035 | &nbsp;&nbsp; 740950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Colombia, Government of, Sr. Unsecd. Note, 8.750%, 11/14/2053 | &nbsp;&nbsp; 5075000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Costa Rica, Government of, Sr. Unsecd. Note, REGS, 6.125%, 2/19/2031 | &nbsp;&nbsp; 2050000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Costa Rica, Government of, Sr. Unsecd. Note, REGS, 6.550%, 4/3/2034 | &nbsp;&nbsp; 3133830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Costa Rica, Government of, Unsecd. Note, 144A, 7.300%, 11/13/2054 | &nbsp;&nbsp; 2596875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Dominican Republic, Government of, Sr. Unsecd. Note, 144A, 4.500%, 1/30/2030 | &nbsp;&nbsp; 952900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2650000 | Dominican Republic, Government of, Sr. Unsecd. Note, 144A, 4.875%, 9/23/2032 | &nbsp;&nbsp; 2449395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2800000 | Dominican Republic, Government of, Sr. Unsecd. Note, 144A, 6.000%, 2/22/2033 | &nbsp;&nbsp; 2778020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Dominican Republic, Government of, Sr. Unsecd. Note, 144A, 6.950%, 3/15/2037 | &nbsp;&nbsp; 512250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Dominican Republic, Government of, Sr. Unsecd. Note, 144A, 7.150%, 2/24/2055 | &nbsp;&nbsp; 508250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Dominican Republic, Government of, Sr. Unsecd. Note, 144A, 7.450%, 4/30/2044 | &nbsp;&nbsp; 1577475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5500000 | Dominican Republic, Government of, Sr. Unsecd. Note, REGS, 4.875%, 9/23/2032 | &nbsp;&nbsp; 5083650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2950000 | Dominican Republic, Government of, Sr. Unsecd. Note, REGS, 5.875%, 1/30/2060 | &nbsp;&nbsp; 2478885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Dominican Republic, Government of, Sr. Unsecd. Note, REGS, 5.950%, 1/25/2027 | &nbsp;&nbsp; 3024750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Dominican Republic, Government of, Sr. Unsecd. Note, REGS, 6.000%, 7/19/2028 | &nbsp;&nbsp; 3052500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400000 | Dominican Republic, Government of, Sr. Unsecd. Note, REGS, 6.000%, 2/22/2033 | &nbsp;&nbsp; 1389010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000 | Dominican Republic, Government of, Sr. Unsecd. Note, REGS, 6.850%, 1/27/2045 | &nbsp;&nbsp; 1198800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Dominican Republic, Government of, Sr. Unsecd. Note, REGS, 7.450%, 4/30/2044 | &nbsp;&nbsp; 525825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000<br><sup>2</sup> <br>| Ecuador, Government of, Sr. Unsecd. Note, REGS, 0.000%, 7/31/2030 | &nbsp;&nbsp; 572800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4440000 | Ecuador, Government of, Sr. Unsecd. Note, REGS, 5.000%, 7/31/2040 | &nbsp;&nbsp; 2777220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3215543 | Ecuador, Government of, Sr. Unsecd. Note, REGS, 6.900%, 7/31/2030 | &nbsp;&nbsp; 2820031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6399453 | Ecuador, Government of, Sr. Unsecd. Note, REGS, 6.900%, 7/31/2035 | &nbsp;&nbsp; 4777192 |
| &nbsp;&nbsp; EGP 221,100,000<br><sup>2</sup> <br>| Egypt Treasury Bill, Series 364D, 0.000%, 10/7/2025 | &nbsp;&nbsp; 4317018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 445200000<br><sup>2</sup> <br>| Egypt Treasury Bill, Series 364D, 0.000%, 10/28/2025 | &nbsp;&nbsp; 8559746 |
| &nbsp;&nbsp;&nbsp;&nbsp; $1300000 | Egypt, Government of, 144A, 8.625%, 2/4/2030 | &nbsp;&nbsp; 1318741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUR 500,000 | Egypt, Government of, Sr. Unsecd. Note, 144A, 6.375%, 4/11/2031 | &nbsp;&nbsp; 531556 |
| &nbsp;&nbsp;&nbsp;&nbsp; $1700000 | Egypt, Government of, Sr. Unsecd. Note, 144A, 7.052%, 1/15/2032 | &nbsp;&nbsp; 1558969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | Egypt, Government of, Sr. Unsecd. Note, 144A, 7.300%, 9/30/2033 | &nbsp;&nbsp; 801917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1600000 | Egypt, Government of, Sr. Unsecd. Note, 144A, 7.600%, 3/1/2029 | &nbsp;&nbsp; 1608791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | Egypt, Government of, Sr. Unsecd. Note, 144A, 7.625%, 5/29/2032 | &nbsp;&nbsp; 375788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2800000 | Egypt, Government of, Sr. Unsecd. Note, 144A, 8.750%, 9/30/2051 | &nbsp;&nbsp; 2301127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5200000 | Egypt, Government of, Sr. Unsecd. Note, 144A, 8.875%, 5/29/2050 | &nbsp;&nbsp; 4329439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2100000 | Egypt, Government of, Sr. Unsecd. Note, REGS, 5.875%, 2/16/2031 | &nbsp;&nbsp; 1855449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUR 500,000 | Egypt, Government of, Sr. Unsecd. Note, REGS, 6.375%, 4/11/2031 | &nbsp;&nbsp; 531556 |
| &nbsp;&nbsp;&nbsp;&nbsp; $1600000 | Egypt, Government of, Sr. Unsecd. Note, REGS, 6.588%, 2/21/2028 | &nbsp;&nbsp; 1594518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5800000 | Egypt, Government of, Sr. Unsecd. Note, REGS, 7.625%, 5/29/2032 | &nbsp;&nbsp; 5450213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | Egypt, Government of, Sr. Unsecd. Note, REGS, 7.903%, 2/21/2048 | &nbsp;&nbsp; 851061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000 | Egypt, Government of, Sr. Unsecd. Note, REGS, 8.700%, 3/1/2049 | &nbsp;&nbsp; 987229 |

---

**3**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | FOREIGN GOVERNMENTS/AGENCIES—continued |  |
|  | **Sovereign—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; $1000000 | El Salvador, Government of, 144A, 8.250%, 4/10/2032 | &nbsp;&nbsp; $1018500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | El Salvador, Government of, Sr. Unsecd. Note, 144A, 0.250%, 4/17/2030 | &nbsp;&nbsp; 31500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | El Salvador, Government of, Sr. Unsecd. Note, 144A, 9.250%, 4/17/2030 | &nbsp;&nbsp; 1587690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650000 | El Salvador, Government of, Sr. Unsecd. Note, 144A, 9.650%, 11/21/2054 | &nbsp;&nbsp; 669500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | El Salvador, Government of, Sr. Unsecd. Note, REGS, 7.124%, 1/20/2050 | &nbsp;&nbsp; 815500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | El Salvador, Government of, Sr. Unsecd. Note, REGS, 8.250%, 4/10/2032 | &nbsp;&nbsp; 2037000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | El Salvador, Government of, Sr. Unsecd. Note, REGS, 9.500%, 7/15/2052 | &nbsp;&nbsp; 808000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | Gabon, Government of, Sr. Unsecd. Note, 144A, 7.000%, 11/24/2031 | &nbsp;&nbsp; 892168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94400<br><sup>2</sup> <br>| Ghana, Government of, Sr. Unsecd. Note, 144A, 0.000%, 7/3/2026 | &nbsp;&nbsp; 90443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223564<br><sup>2</sup> <br>| Ghana, Government of, Sr. Unsecd. Note, 144A, 0.000%, 1/3/2030 | &nbsp;&nbsp; 186198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3427800 | Ghana, Government of, Sr. Unsecd. Note, 144A, 5.000%, 7/3/2029 | &nbsp;&nbsp; 3257467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4053200 | Ghana, Government of, Sr. Unsecd. Note, 144A, 5.000%, 7/3/2035 | &nbsp;&nbsp; 3254329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Ghana, Government of, Sr. Unsecd. Note, REGS, 5.000%, 7/3/2029 | &nbsp;&nbsp; 2375590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Guatemala, Government of, 144A, 7.050%, 10/4/2032 | &nbsp;&nbsp; 1070110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4500000 | Guatemala, Government of, Sr. Unsecd. Note, 144A, 6.050%, 8/6/2031 | &nbsp;&nbsp; 4586355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Guatemala, Government of, Sr. Unsecd. Note, REGS, 4.650%, 10/7/2041 | &nbsp;&nbsp; 2400120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Guatemala, Government of, Sr. Unsecd. Note, REGS, 4.875%, 2/13/2028 | &nbsp;&nbsp; 990550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Guatemala, Government of, Sr. Unsecd. Note, REGS, 5.375%, 4/24/2032 | &nbsp;&nbsp; 2944650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Guatemala, Government of, Sr. Unsecd. Note, REGS, 6.600%, 6/13/2036 | &nbsp;&nbsp; 2048140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250000 | Guatemala, Government of, Sr. Unsecd. Note, REGS, 7.050%, 10/4/2032 | &nbsp;&nbsp; 1337638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Guatemala, Government of, Unsecd. Note, REGS, 5.250%, 8/10/2029 | &nbsp;&nbsp; 993990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Hazine Mustesarligi Varlik Kiralama A.S., Sr. Unsecd. Note, 144A, 6.750%, 9/1/2030 | &nbsp;&nbsp; 1506860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000 | Honduras, Government of, Sr. Unsecd. Note, 144A, 8.625%, 11/27/2034 | &nbsp;&nbsp; 1252800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2200000 | Honduras, Government of, Sr. Unsecd. Note, REGS, 5.625%, 6/24/2030 | &nbsp;&nbsp; 2087250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | Indonesia, Government of, Sr. Unsecd. Note, 144A, 5.200%, 7/23/2035 | &nbsp;&nbsp; 902926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Ivory Coast, Government of, Sr. Unsecd. Note, 144A, 6.125%, 6/15/2033 | &nbsp;&nbsp; 740148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900000 | Ivory Coast, Government of, Sr. Unsecd. Note, 144A, 8.075%, 4/1/2036 | &nbsp;&nbsp; 1871294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3400000 | Ivory Coast, Government of, Sr. Unsecd. Note, 144A, 8.250%, 1/30/2037 | &nbsp;&nbsp; 3360283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1340835 | Ivory Coast, Government of, Sr. Unsecd. Note, REGS, 5.750%, 12/31/2032 | &nbsp;&nbsp; 1282377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500000 | Ivory Coast, Government of, Sr. Unsecd. Note, REGS, 6.125%, 6/15/2033 | &nbsp;&nbsp; 3238147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300000 | Jordan, Government of, Sr. Unsecd. Note, 144A, 5.850%, 7/7/2030 | &nbsp;&nbsp; 1261152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | Kenya, Government of, Sr. Unsecd. Note, 144A, 6.300%, 1/23/2034 | &nbsp;&nbsp; 493521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Kenya, Government of, Sr. Unsecd. Note, 144A, 9.500%, 3/5/2036 | &nbsp;&nbsp; 1921668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | Kenya, Government of, Sr. Unsecd. Note, 144A, 9.750%, 2/16/2031 | &nbsp;&nbsp; 308068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Kenya, Government of, Sr. Unsecd. Note, REGS, 7.250%, 2/28/2028 | &nbsp;&nbsp; 197935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Kenya, Government of, Sr. Unsecd. Note, REGS, 8.000%, 5/22/2032 | &nbsp;&nbsp; 2855372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Kenya, Government of, Sr. Unsecd. Note, REGS, 8.250%, 2/28/2048 | &nbsp;&nbsp; 662734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700000<br><sup>3,4</sup> <br>| Lebanon, Government of, Sr. Secd. Note, Series EMTN, 6.100%, 12/31/2099 | &nbsp;&nbsp; 313650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000<br><sup>3,4</sup> <br>| Lebanon, Government of, Sr. Unsecd. Note, 6.000%, 12/31/2099 | &nbsp;&nbsp; 184500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Mexico, Government of, Sr. Unsecd. Note, 6.875%, 5/13/2037 | &nbsp;&nbsp; 1548000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | Mongolia, Government of, Sr. Unsecd. Note, 144A, 6.625%, 2/25/2030 | &nbsp;&nbsp; 697901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Mongolia, Government of, Sr. Unsecd. Note, REGS, 3.500%, 7/7/2027 | &nbsp;&nbsp; 756892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1650000 | Nigeria, Government of, Sr. Unsecd. Note, 144A, 7.375%, 9/28/2033 | &nbsp;&nbsp; 1519475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Nigeria, Government of, Sr. Unsecd. Note, 144A, 8.375%, 3/24/2029 | &nbsp;&nbsp; 2052643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | Nigeria, Government of, Sr. Unsecd. Note, 144A, 9.625%, 6/9/2031 | &nbsp;&nbsp; 1174081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2250000 | Nigeria, Government of, Sr. Unsecd. Note, REGS, 6.125%, 9/28/2028 | &nbsp;&nbsp; 2188225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2200000 | Nigeria, Government of, Sr. Unsecd. Note, REGS, 6.500%, 11/28/2027 | &nbsp;&nbsp; 2186848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Nigeria, Government of, Sr. Unsecd. Note, REGS, 7.143%, 2/23/2030 | &nbsp;&nbsp; 974061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1750000 | Nigeria, Government of, Sr. Unsecd. Note, REGS, 7.625%, 11/28/2047 | &nbsp;&nbsp; 1420547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | Nigeria, Government of, Sr. Unsecd. Note, REGS, 8.375%, 3/24/2029 | &nbsp;&nbsp; 1129072 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | FOREIGN GOVERNMENTS/AGENCIES—continued |  |
|  | **Sovereign—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; $2150000 | Nigeria, Government of, Sr. Unsecd. Note, REGS, 8.747%, 1/21/2031 | &nbsp;&nbsp; $2205091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Nigeria, Government of, Unsecd. Note, REGS, 7.875%, 2/16/2032 | &nbsp;&nbsp; 777484 |
| NGN 6,000,000,000<br><sup>2</sup> <br>| Nigeria, Government of, Unsecd. Note, Series 169D, 0.000%, 11/11/2025 | &nbsp;&nbsp; 3645491 |
| &nbsp;&nbsp;&nbsp;&nbsp; $1600000 | Oman, Government of, Sr. Unsecd. Note, REGS, 6.500%, 3/8/2047 | &nbsp;&nbsp; 1680039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900000 | Oman, Government of, Sr. Unsecd. Note, REGS, 6.750%, 1/17/2048 | &nbsp;&nbsp; 2036139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Oman, Government of, Sr. Unsecd. Note, REGS, 7.000%, 1/25/2051 | &nbsp;&nbsp; 1661619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4900000 | Pakistan, Government of, Sr. Secd. Note, REGS, 6.875%, 12/5/2027 | &nbsp;&nbsp; 4802948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300000 | Pakistan, Government of, Sr. Unsecd. Note, REGS, 6.000%, 4/8/2026 | &nbsp;&nbsp; 2290910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300000 | Pakistan, Government of, Sr. Unsecd. Note, REGS, 7.375%, 4/8/2031 | &nbsp;&nbsp; 2149577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | Pakistan, Government of, Sr. Unsecd. Note, REGS, 7.950%, 1/31/2029 | &nbsp;&nbsp; 703850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400000 | Pakistan, Government of, Sr. Unsecd. Note, REGS, 8.250%, 9/30/2025 | &nbsp;&nbsp; 1400604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | Papua New Guinea, Government of, Sr. Unsecd. Note, REGS, 8.375%, 10/4/2028 | &nbsp;&nbsp; 410483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | Paraguay, Government of, 144A, 5.400%, 3/30/2050 | &nbsp;&nbsp; 3480000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Paraguay, Government of, Sr. Unsecd. Note, 144A, 2.739%, 1/29/2033 | &nbsp;&nbsp; 1279500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Paraguay, Government of, Sr. Unsecd. Note, REGS, 3.849%, 6/28/2033 | &nbsp;&nbsp; 1811000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Qatar, Government of, Sr. Unsecd. Note, REGS, 4.400%, 4/16/2050 | &nbsp;&nbsp; 683458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | Romania, Government of, Sr. Unsecd. Note, 144A, 6.375%, 1/30/2034 | &nbsp;&nbsp; 299074 |
| &nbsp;&nbsp;&nbsp;&nbsp; EUR 3,300,000 | Romania, Government of, Sr. Unsecd. Note, 144A, 6.750%, 7/11/2039 | &nbsp;&nbsp; 3880633 |
| &nbsp;&nbsp;&nbsp;&nbsp; $500000 | Romania, Government of, Sr. Unsecd. Note, REGS, 3.625%, 3/27/2032 | &nbsp;&nbsp; 436572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | Rwanda, Government of, Sr. Unsecd. Note, 144A, 5.500%, 8/9/2031 | &nbsp;&nbsp; 783023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Saudi Arabia, Government of, Sr. Unsecd. Note, 144A, 5.000%, 1/18/2053 | &nbsp;&nbsp; 430356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Saudi Arabia, Government of, Sr. Unsecd. Note, REGS, 3.450%, 2/2/2061 | &nbsp;&nbsp; 934174 |
| &nbsp;&nbsp;&nbsp;&nbsp; EUR 2,500,000 | Senegal, Government of, Sr. Unsecd. Note, 144A, 5.375%, 6/8/2037 | &nbsp;&nbsp; 1895831 |
| &nbsp;&nbsp;&nbsp;&nbsp; $4500000 | Senegal, Government of, Sr. Unsecd. Note, REGS, 6.250%, 5/23/2033 | &nbsp;&nbsp; 3328557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Senegal, Government of, Sr. Unsecd. Note, REGS, 6.750%, 3/13/2048 | &nbsp;&nbsp; 519449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | Serbia, Government of, Sr. Unsecd. Note, 144A, 6.500%, 9/26/2033 | &nbsp;&nbsp; 1160917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Serbia, Government of, Sr. Unsecd. Note, REGS, 2.125%, 12/1/2030 | &nbsp;&nbsp; 171084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Sharjah Govt., Sr. Unsecd. Note, REGS, 4.000%, 7/28/2050 | &nbsp;&nbsp; 518912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | South Africa, Government of, 144A, 7.100%, 11/19/2036 | &nbsp;&nbsp; 496559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800000 | South Africa, Government of, Sr. Unsecd. Note, 4.850%, 9/30/2029 | &nbsp;&nbsp; 1734482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | South Africa, Government of, Sr. Unsecd. Note, 5.000%, 10/12/2046 | &nbsp;&nbsp; 1739648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300000 | South Africa, Government of, Sr. Unsecd. Note, 5.650%, 9/27/2047 | &nbsp;&nbsp; 974677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | South Africa, Government of, Sr. Unsecd. Note, 6.300%, 6/22/2048 | &nbsp;&nbsp; 484548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | Sri Lanka, Government of, Sr. Unsecd. Note, 144A, 3.100%, 1/15/2030 | &nbsp;&nbsp; 3590000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | Sri Lanka, Government of, Sr. Unsecd. Note, 144A, 3.350%, 3/15/2033 | &nbsp;&nbsp; 3271457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2190000 | Sri Lanka, Government of, Sr. Unsecd. Note, 144A, 4.000%, 4/15/2028 | &nbsp;&nbsp; 2075025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Sri Lanka, Government of, Sr. Unsecd. Note, REGS, 3.600%, 6/15/2035 | &nbsp;&nbsp; 2126118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Trinidad and Tobago, Government of, REGS, 5.950%, 1/14/2031 | &nbsp;&nbsp; 740520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Trinidad and Tobago, Government of, Sr. Unsecd. Note, REGS, 6.400%, 6/26/2034 | &nbsp;&nbsp; 727245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Turkey, Government of, Sr. Unsecd. Note, 4.875%, 4/16/2043 | &nbsp;&nbsp; 3572164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2400000 | Turkey, Government of, Sr. Unsecd. Note, 5.250%, 3/13/2030 | &nbsp;&nbsp; 2293163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4200000 | Turkey, Government of, Sr. Unsecd. Note, 5.750%, 5/11/2047 | &nbsp;&nbsp; 3207713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7200000 | Turkey, Government of, Sr. Unsecd. Note, 5.875%, 6/26/2031 | &nbsp;&nbsp; 6904664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Turkey, Government of, Sr. Unsecd. Note, 5.950%, 1/15/2031 | &nbsp;&nbsp; 2423795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Turkey, Government of, Sr. Unsecd. Note, 6.000%, 1/14/2041 | &nbsp;&nbsp; 1675076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Turkey, Government of, Sr. Unsecd. Note, 6.500%, 9/20/2033 | &nbsp;&nbsp; 1452520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Turkey, Government of, Sr. Unsecd. Note, 6.500%, 1/3/2035 | &nbsp;&nbsp; 2393812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Turkey, Government of, Sr. Unsecd. Note, 6.750%, 5/30/2040 | &nbsp;&nbsp; 1859708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500000 | Turkey, Government of, Sr. Unsecd. Note, 6.875%, 3/17/2036 | &nbsp;&nbsp; 3416071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Turkey, Government of, Sr. Unsecd. Note, 7.625%, 4/26/2029 | &nbsp;&nbsp; 3144033 |

---

**5**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | FOREIGN GOVERNMENTS/AGENCIES—continued |  |
|  | **Sovereign—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; $2000000 | Turkey, Government of, Sr. Unsecd. Note, 9.125%, 7/13/2030 | &nbsp;&nbsp; $2224740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Turkey, Government of, Sr. Unsecd. Note, 9.375%, 3/14/2029 | &nbsp;&nbsp; 1100450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5500000 | Turkey, Government of, Sr. Unsecd. Note, 9.375%, 1/19/2033 | &nbsp;&nbsp; 6265163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2600000 | Turkey, Government of, Sr. Unsecd. Note, REGS, 5.125%, 6/22/2026 | &nbsp;&nbsp; 2593049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2600000 | Turkey, Government of, Sr. Unsecd. Note, REGS, 7.250%, 2/24/2027 | &nbsp;&nbsp; 2662200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4900000 | Turkey, Government of, Unsecd. Note, 6.625%, 2/17/2045 | &nbsp;&nbsp; 4235494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 529527<br><sup>2,3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, 144A, 0.000%, 2/1/2030 | &nbsp;&nbsp; 246549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1978771<br><sup>2,3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, 144A, 0.000%, 2/1/2034 | &nbsp;&nbsp; 738218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4172198<br><sup>2,3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, 144A, 0.000%, 2/1/2035 | &nbsp;&nbsp; 1930537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1393498<br><sup>2,3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, 144A, 0.000%, 2/1/2036 | &nbsp;&nbsp; 644295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2575651<br><sup>3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, 144A, 1.750%, 2/1/2035 | &nbsp;&nbsp; 1311022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1028864<br><sup>3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, 144A, 1.750%, 2/1/2036 | &nbsp;&nbsp; 507228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1505000<br><sup>3,4</sup> <br>| Ukraine, Government of, Unsecd. Note, 144A, 7.750%, 8/1/2041 | &nbsp;&nbsp; 1114829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | United Arab Emirates, Government of, Sr. Unsecd. Note, REGS, 4.375%, 3/10/2051 | &nbsp;&nbsp; 547939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | United Arab Emirates, Government of, Sr. Unsecd. Note, Series EMTN, 4.226%, 3/14/2028 | &nbsp;&nbsp; 492049 |
| &nbsp;&nbsp;&nbsp; UYU 30,000,000 | Uruguay, Government of, Sr. Unsecd. Note, REGS, 8.500%, 3/15/2028 | &nbsp;&nbsp; 746884 |
| &nbsp;&nbsp;&nbsp;&nbsp; $1500000 | Uzbekistan, Government of, Sr. Unsecd. Note, REGS, 5.375%, 2/20/2029 | &nbsp;&nbsp; 1480156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000<br><sup>3,4</sup> <br>| Venezuela, Government of, Sr. Unsecd. Note, 7.000%, 3/31/2038 | &nbsp;&nbsp; 195100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 399711 | Zambia, Government of, Sr. Unsecd. Note, REGS, 0.500%, 12/31/2053 | &nbsp;&nbsp; 292392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1484857 | Zambia, Government of, Unsecd. Note, REGS, 5.750%, 6/30/2033 | &nbsp;&nbsp; 1381889 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp; 434968656 |
|  | **State/Provincial—0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236176 | Bono Gar Prov Del Chubut, Term Loan - 1st Lien, REGS, 7.750%, 7/26/2030 | &nbsp;&nbsp; 228500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 234000 | Brazil Minas SPE, Sec. Fac. Bond, 144A, 5.333%, 2/15/2028 | &nbsp;&nbsp; 233186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 719369 | Buenos Aires, City of, Sr. Unsecd. Note, 144A, 7.500%, 6/1/2027 | &nbsp;&nbsp; 726563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5363130 | Provincia De Buenos Aires, Sr. Unsecd. Note, REGS, 6.625%, 9/1/2037 | &nbsp;&nbsp; 3782615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 562000 | Provincia De Cordoba, Sr. Unsecd. Note, 144A, 9.750%, 7/2/2032 | &nbsp;&nbsp; 567620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117485 | Provincia de Entre Rios Argentina, Sr. Unsecd. Note, 144A, 8.250%, 8/8/2028 | &nbsp;&nbsp; 110436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 307692 | Provincia De Mendoza, REGS, 5.750%, 3/19/2029 | &nbsp;&nbsp; 290769 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5939689 |
|  | **Telecommunications & Cellular—0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | Telecommunications co.Telekom Srbija Akcionarsko drustvo, Sr. Unsecd. Note, 144A, 7.000%, 10/28/2029 | &nbsp;&nbsp; 300693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300000 | Telecommunications Services of Trinidad & Tobago Ltd., Sec. Fac. Bond, REGS, 8.875%, 10/18/2029 | &nbsp;&nbsp; 1311537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2200000 | Turk Telekomunikasyon AS, Sr. Unsecd. Note, REGS, 7.375%, 5/20/2029 | &nbsp;&nbsp; 2268465 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3880695 |
|  | **Transportation—0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000 | DP World Ltd., Sr. Unsecd. Note, 144A, 4.700%, 9/30/2049 | &nbsp;&nbsp; 1002460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | Transnet SOC Ltd., Sr. Unsecd. Note, 144A, 8.250%, 2/6/2028 | &nbsp;&nbsp; 626487 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1628947 |
|  | **Utilities—1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000 | Eig Pearl Holdings S.a.r.l., Sec. Fac. Bond, 144A, 4.387%, 11/30/2046 | &nbsp;&nbsp; 951450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300000 | Eskom Holdings Soc Ltd., Sr. Unsecd. Note, 144A, 6.350%, 8/10/2028 | &nbsp;&nbsp; 2347495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | Eskom Holdings Soc Ltd., Sr. Unsecd. Note, REGS, 6.350%, 8/10/2028 | &nbsp;&nbsp; 918529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4700000 | Eskom Holdings Soc Ltd., Sr. Unsecd. Note, REGS, 8.450%, 8/10/2028 | &nbsp;&nbsp; 4969270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 850000 | Instituto Costarricense de Electricidad, Sr. Unsecd. Note, REGS, 6.375%, 5/15/2043 | &nbsp;&nbsp; 783895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | Israel Electric Corp. Ltd., Sec. Fac. Bond, Series GMTN, 4.250%, 8/14/2028 | &nbsp;&nbsp; 97869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | Israel Electric Corp. Ltd., Unsecd. Note, Series GMTN, 3.750%, 2/22/2032 | &nbsp;&nbsp; 363483 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 10431991 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL FOREIGN GOVERNMENTS/AGENCIES <br>(IDENTIFIED COST $502,721,138)<br>| &nbsp;&nbsp; 556171026 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | CORPORATE BONDS—20.5% |  |
|  | **Air Freight & Logistics—0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1300000 | Latam Airlines Group S.A., 144A, 7.875%, 4/15/2030 | &nbsp;&nbsp; $1346475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550000 | Latam Airlines Group S.A., Sr. Secd. Note, 144A, 7.625%, 1/7/2031 | &nbsp;&nbsp; 568700 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1915175 |
|  | **Air Transportation—0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300732 | Azul Secured Finance LLP, 144A, 11.930%, 8/28/2028 | &nbsp;&nbsp; 65241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198485 | Azul Secured Finance LLP, Sec. Fac. Bond, 144A, 10.875%, 8/28/2030 | &nbsp;&nbsp; 2588 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67829 |
|  | **Airport—0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Aeropuertos Dominicanos Siglo XXI S.A., Sec. Fac. Bond, 144A, 7.000%, 6/30/2034 | &nbsp;&nbsp; 206554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1315000 | Delhi Intl. Airport Ltd., REGS, 6.450%, 6/4/2029 | &nbsp;&nbsp; 1355507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250000 | GMR Hyderabad International Airport Ltd., REGS, 4.250%, 10/27/2027 | &nbsp;&nbsp; 1221568 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2783629 |
|  | **Automotive—0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | Nemak SAB de CV, Sr. Unsecd. Note, 144A, 3.625%, 6/28/2031 | &nbsp;&nbsp; 254411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Nemak SAB de CV, Sr. Unsecd. Note, REGS, 3.625%, 6/28/2031 | &nbsp;&nbsp; 1696075 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1950486 |
|  | **Banking—2.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000<br><sup>1</sup> <br>| Access Bank PLC, Jr. Sub. Note, 144A, 9.125%, 10/7/2026 | &nbsp;&nbsp; 601104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000<br><sup>1</sup> <br>| Akbank T.A.S., 144A, 9.368%, 3/14/2029 | &nbsp;&nbsp; 2075242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300000<br><sup>3,4,5</sup> <br>| Alfa Bank (Alfa Bond), Sub., REGS, 5.950%, 4/15/2030 | &nbsp;&nbsp; 115000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2200000 | Banco Bradesco S.A., 144A, 6.500%, 1/22/2030 | &nbsp;&nbsp; 2297900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480000 | Banco Btg Pactual/Cayman, Sr. Unsecd. Note, 144A, 5.750%, 1/22/2030 | &nbsp;&nbsp; 482011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Banco Btg Pactual/Cayman, Sr. Unsecd. Note, 144A, 6.250%, 4/8/2029 | &nbsp;&nbsp; 515285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Banco Continental SAECA, Sr. Unsecd. Note, 144A, 2.750%, 12/10/2025 | &nbsp;&nbsp; 990984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Banco Davivienda S.A., Jr. Sub. Note, 144A, 8.125%, 7/2/2035 | &nbsp;&nbsp; 815992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000<br><sup>1</sup> <br>| Banco de Credito E Inversiones S.A., Jr. Sub. Deb., 144A, 8.750%, 2/8/2029 | &nbsp;&nbsp; 537720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000<br><sup>1</sup> <br>| Banco General S.A., Jr. Sub. Note, 144A, 5.250%, 5/7/2031 | &nbsp;&nbsp; 188342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Banco Industrial S.A., Sub., 144A, 4.875%, 1/29/2031 | &nbsp;&nbsp; 498125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000<br><sup>1</sup> <br>| Banco Mercantil De Norte, Jr. Sub. Deb., REGS, 7.500%, 6/27/2029 | &nbsp;&nbsp; 1002947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Bancolombia S.A., Sub., 8.625%, 12/24/2034 | &nbsp;&nbsp; 1064632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000<br><sup>1</sup> <br>| Itau Unibanco Holding S.A., Sr. Unsecd. Note, REGS, 7.562%, 2/27/2026 | &nbsp;&nbsp; 200557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Mashreqbank PSC, Sub., 7.875%, 2/24/2033 | &nbsp;&nbsp; 1055375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900000 | Scotiabank Peru S.A., Sub., 144A, 6.100%, 10/1/2035 | &nbsp;&nbsp; 1939710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800000<br><sup>1,3,4,5</sup> <br>| SovCo Capital Partners B.V., Jr. Sub. Note, 144A, 7.600%, 2/17/2027 | &nbsp;&nbsp; 90000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Yapi ve Kredi Bankasi A.S., 144A, 7.125%, 10/10/2029 | &nbsp;&nbsp; 503471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | Yapi ve Kredi Bankasi A.S., Sub. Note, REGS, 7.875%, 1/22/2031 | &nbsp;&nbsp; 705129 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 15679526 |
|  | **Beverage & Tobacco—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Central American Bottling Corp. / CBC Bottling Holdco SL / Beliv Holdco SL, Sr. Unsecd. Note, REGS, <br> 5.250%, 4/27/2029<br>| &nbsp;&nbsp; 972753 |
|  | **Building & Development—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | JSW Infrastructure Ltd., Sec. Fac. Bond, 144A, 4.950%, 1/21/2029 | &nbsp;&nbsp; 689780 |
|  | **Building Materials—0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Cemex S.A.B. de C.V., Sec. Fac. Bond, REGS, 5.450%, 11/19/2029 | &nbsp;&nbsp; 503198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000<br><sup>1</sup> <br>| Cemex S.A.B. de C.V., Sub., REGS, 5.125%, 6/8/2026 | &nbsp;&nbsp; 1982822 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2486020 |
|  | **Chemicals & Plastics—2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650000 | Braskem America Finance Co., REGS, 7.125%, 7/22/2041 | &nbsp;&nbsp; 432610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Braskem Idesa S.A.P.I., Sec. Fac. Bond, REGS, 7.450%, 11/15/2029 | &nbsp;&nbsp; 706423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | Braskem Netherlands Finance B.V., Sr. Unsecd. Note, 144A, 8.000%, 10/15/2034 | &nbsp;&nbsp; 284800 |

---

**7**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | CORPORATE BONDS—continued |  |
|  | **Chemicals & Plastics—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2900000 | Braskem Netherlands Finance B.V., Sr. Unsecd. Note, REGS, 4.500%, 1/31/2030 | &nbsp;&nbsp; $2061674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2250000 | Braskem Netherlands Finance B.V., Sr. Unsecd. Note, REGS, 5.875%, 1/31/2050 | &nbsp;&nbsp; 1341331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3400000 | Sasol Financing USA LLC, Sr. Unsecd. Note, 5.500%, 3/18/2031 | &nbsp;&nbsp; 2833180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900000 | Sasol Financing USA LLC, Sr. Unsecd. Note, 6.500%, 9/27/2028 | &nbsp;&nbsp; 1842073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900000 | Sasol Financing USA LLC, Sr. Unsecd. Note, 144A, 8.750%, 5/3/2029 | &nbsp;&nbsp; 1912844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250000 | WE Soda Investments Holding PLC, Sec. Fac. Bond, 144A, 9.375%, 2/14/2031 | &nbsp;&nbsp; 1310455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2100000 | WE Soda Investments Holding PLC, Sec. Fac. Bond, 144A, 9.500%, 10/6/2028 | &nbsp;&nbsp; 2191598 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 14916988 |
|  | **Finance—0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUR 1,500,000 | BOI Finance B.V., Sr. Unsecd. Note, REGS, 7.500%, 2/16/2027 | &nbsp;&nbsp; 1755532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $3110000<br><sup>3,4</sup> <br>| Credito Real Sab de CV, Sr. Unsecd. Note, REGS, 7.250%, 12/31/2099 | &nbsp;&nbsp; 412075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60000<br><sup>3,4</sup> <br>| Credito Real Sab de CV, Sr. Unsecd. Note, REGS, 9.500%, 2/7/2026 | &nbsp;&nbsp; 7500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | Inversiones Atlantida S.A., Sec. Fac. Bond, 144A, 7.500%, 5/19/2026 | &nbsp;&nbsp; 295769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000<br><sup>1</sup> <br>| NBK Tier 1 Ltd., Jr. Sub. Note, 144A, 6.375%, 1/10/2031 | &nbsp;&nbsp; 812144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000<br><sup>1</sup> <br>| NBK Tier 1 Ltd., Jr. Sub. Note, REGS, 3.625%, 8/24/2026 | &nbsp;&nbsp; 1462104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000<br><sup>3,4,5</sup> <br>| Unifin Financiera, S.A.B. de C.V., Sr. Unsecd. Note, 144A, 9.875%, 1/28/2029 | &nbsp;&nbsp; 15650 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4760774 |
|  | **Food Products—0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Brf S.A., Sr. Secd. Note, REGS, 4.875%, 1/24/2030 | &nbsp;&nbsp; 1441953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2150000 | Minerva Luxembourg S.A., Sr. Unsecd. Note, 144A, 8.875%, 9/13/2033 | &nbsp;&nbsp; 2342182 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3784135 |
|  | **Food Services—0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Alsea de Mexico SAB de CV, Sr. Unsecd. Note, REGS, 7.750%, 12/14/2026 | &nbsp;&nbsp; 1000438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | MARB BondCo PLC, Sr. Unsecd. Note, REGS, 3.950%, 1/29/2031 | &nbsp;&nbsp; 1777231 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2777669 |
|  | **Industrial Products & Equipment—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Embraer Netherlands Finance B.V., Sr. Unsecd. Note, REGS, 7.000%, 7/28/2030 | &nbsp;&nbsp; 804127 |
|  | **Leisure & Entertainment—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Melco Resorts Finance Ltd., Sr. Unsecd. Note, REGS, 5.375%, 12/4/2029 | &nbsp;&nbsp; 766457 |
|  | **Metals & Mining—3.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Antofagasta PLC, 144A, 6.250%, 5/2/2034 | &nbsp;&nbsp; 1047391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Cia de Minas Buenaventura S.A., Sr. Unsecd. Note, 144A, 6.800%, 2/4/2032 | &nbsp;&nbsp; 511925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800000 | CSN Islands XI Corp., Sr. Unsecd. Note, REGS, 6.750%, 1/28/2028 | &nbsp;&nbsp; 1715346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | CSN Resources S.A., Sr. Unsecd. Note, 144A, 8.875%, 12/5/2030 | &nbsp;&nbsp; 992247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | CSN Resources S.A., Sr. Unsecd. Note, REGS, 4.625%, 6/10/2031 | &nbsp;&nbsp; 591816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2350000 | First Quantum Minerals Ltd., Sr. Unsecd. Note, 144A, 8.000%, 3/1/2033 | &nbsp;&nbsp; 2424430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3062000 | First Quantum Minerals Ltd., Sr. Unsecd. Note, REGS, 6.875%, 10/15/2027 | &nbsp;&nbsp; 3069364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | First Quantum Minerals Ltd., Sr. Unsecd. Note, REGS, 8.625%, 6/1/2031 | &nbsp;&nbsp; 2085008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Ivanhoe Mines Ltd., Sr. Unsecd. Note, 144A, 7.875%, 1/23/2030 | &nbsp;&nbsp; 201152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1550000 | JSW Steel Ltd., Sr. Unsecd. Note, REGS, 5.050%, 4/5/2032 | &nbsp;&nbsp; 1457173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Navoi Mining and Metallurgical Co., Sr. Unsecd. Note, 144A, 6.700%, 10/17/2028 | &nbsp;&nbsp; 2562106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1022650 | Samarco Mineracao S.A., Sr. Secd. Note, REGS, 9.500%, 6/30/2031 | &nbsp;&nbsp; 1013426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2760216 | Samarco Mineracao S.A., Sr. Unsecd. Note, 144A, 9.500%, 6/30/2031 | &nbsp;&nbsp; 2735320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Stillwater Mining Co., Sr. Unsecd. Note, REGS, 4.000%, 11/16/2026 | &nbsp;&nbsp; 981327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Stillwater Mining Co., Sr. Unsecd. Note, REGS, 4.500%, 11/16/2029 | &nbsp;&nbsp; 1833187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | Vale Overseas Ltd., 6.125%, 6/12/2033 | &nbsp;&nbsp; 731381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Vale Overseas Ltd., Sr. Unsecd. Note, 3.750%, 7/8/2030 | &nbsp;&nbsp; 471759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | Vedanta Resources II PLC, Sr. Unsecd. Note, 144A, 9.475%, 7/24/2030 | &nbsp;&nbsp; 295843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700000 | Vedanta Resources II PLC, Sr. Unsecd. Note, 144A, 9.850%, 4/24/2033 | &nbsp;&nbsp; 1707111 |

---

**8**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | CORPORATE BONDS—continued |  |
|  | **Metals & Mining—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $700000 | Vedanta Resources II PLC, Sr. Unsecd. Note, 144A, 10.875%, 9/17/2029 | &nbsp;&nbsp; $717054 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 27144366 |
|  | **Oil & Gas—3.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 884195 | Acu Petroleo Luxembourg S.a.r.l., Sec. Fac. Bond, 144A, 7.500%, 1/13/2032 | &nbsp;&nbsp; 891165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1854442 | AI Candelaria Spain SLU, Sec. Fac. Bond, REGS, 7.500%, 12/15/2028 | &nbsp;&nbsp; 1864744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1336281 | Borr IHC Ltd. / Borr Finance LLC, Sec. Fac. Bond, REGS, 10.000%, 11/15/2028 | &nbsp;&nbsp; 1283482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Energean Israel Finance Ltd., Sec. Fac. Bond, 5.875%, 3/30/2031 | &nbsp;&nbsp; 468694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Energean Israel Finance Ltd., Sec. Fac. Bond, 8.500%, 9/30/2033 | &nbsp;&nbsp; 207840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | EnfraGen Energia Sur SAU/ Enfr, Sec. Fac. Bond, 144A, 8.499%, 6/30/2032 | &nbsp;&nbsp; 1121945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | Geopark Ltd., Sr. Unsecd. Note, REGS, 8.750%, 1/31/2030 | &nbsp;&nbsp; 346126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1299000 | Gran Tierra Energy, Inc., 1st Priority Sr. Secd. Note, 144A, 9.500%, 10/15/2029 | &nbsp;&nbsp; 1086197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Greensaif Pipelines Bidc, Sec. Fac. Bond, 144A, 5.852%, 2/23/2036 | &nbsp;&nbsp; 512993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1536580 | Guara Norte S.a.r.l., Sr. Note, 144A, 5.198%, 6/15/2034 | &nbsp;&nbsp; 1492220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Heritage Petrol Co. Ltd., REGS, 9.000%, 8/12/2029 | &nbsp;&nbsp; 825160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1350000 | Hunt Oil Co. of Peru, Sr. Secd. Note, 7.750%, 11/5/2038 | &nbsp;&nbsp; 1435826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1368313 | MC Brazil Downstream Trading S.a.r.l., Sec. Fac. Bond, 144A, 7.250%, 6/30/2031 | &nbsp;&nbsp; 1117912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Medco Cypress Tree Pte, 1st Priority Sr. Secd. Note, 144A, 8.625%, 5/19/2030 | &nbsp;&nbsp; 783399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 898000 | Medco Laurel Tree Pte. Ltd., Sr. Unsecd. Note, 144A, 6.950%, 11/12/2028 | &nbsp;&nbsp; 899134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Medco Maple Tree Pte Ltd., Sr. Unsecd. Note, 144A, 8.960%, 4/27/2029 | &nbsp;&nbsp; 786200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 878784 | MV24 Capital B.V., Term Loan - 1st Lien, REGS, 6.748%, 6/1/2034 | &nbsp;&nbsp; 875304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | Newco Holding Usd S.a.r.l., Term Loan - 1st Lien, REGS, 9.375%, 11/7/2029 | &nbsp;&nbsp; 410148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1214000 | Orazul Energy Egenor SCA, Sr. Unsecd. Note, REGS, 5.625%, 4/28/2027 | &nbsp;&nbsp; 1205241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1750140 | Peru LNG S.R.L., Sr. Unsecd. Note, REGS, 5.375%, 3/22/2030 | &nbsp;&nbsp; 1668871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | Pluspetrol S.A., Sr. Unsecd. Note, 144A, 8.500%, 5/30/2032 | &nbsp;&nbsp; 306750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400000 | Puma International Financing S.A., Sr. Unsecd. Note, 144A, 7.750%, 4/25/2029 | &nbsp;&nbsp; 1448598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Sierracol Energy Andina LLC, Sr. Unsecd. Note, 144A, 6.000%, 6/15/2028 | &nbsp;&nbsp; 469548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 356000 | Vista Oil & Gas Argentina, Sr. Unsecd. Note, 144A, 7.625%, 12/10/2035 | &nbsp;&nbsp; 349752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Vista Oil & Gas Argentina, Sr. Unsecd. Note, 144A, 8.500%, 6/10/2033 | &nbsp;&nbsp; 821800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | Vivo Energy Investments B.V., Sr. Unsecd. Note, 144A, 5.125%, 9/24/2027 | &nbsp;&nbsp; 691948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | Yinson Bergenia Production B.V., Sec. Fac. Bond, 144A, 8.498%, 1/31/2045 | &nbsp;&nbsp; 464712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2648943 | Yinson Boronia Production, Sec. Fac. Bond, 144A, 8.947%, 7/31/2042 | &nbsp;&nbsp; 2860976 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 26696685 |
|  | **Paper Products—0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Klabin Austria Gmbh, Sr. Unsecd. Note, REGS, 3.200%, 1/12/2031 | &nbsp;&nbsp; 1332801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Klabin Austria Gmbh, Sr. Unsecd. Note, REGS, 7.000%, 4/3/2049 | &nbsp;&nbsp; 1524720 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2857521 |
|  | **Pharmaceuticals—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Teva Pharmaceutical Finance Co. LLC, Sr. Unsecd. Note, 6.150%, 2/1/2036 | &nbsp;&nbsp; 203448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Teva Pharmaceutical Finance Netherlands III B.V., Sr. Unsecd. Note, 8.125%, 9/15/2031 | &nbsp;&nbsp; 226481 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 429929 |
|  | **Real Estate—0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000<br><sup>3,4</sup> <br>| Country Garden Services Holdings Co. Ltd., 3.300%, 1/12/2031 | &nbsp;&nbsp; 90000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194716<br><sup>2,3,4,5</sup> <br>| Shimao Group Holdings Ltd., Sr. Unsecd. Note, 144A, 0.000%, 7/21/2026 | &nbsp;&nbsp; 14409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 224808 | Shimao Group Holdings Ltd., Sr. Unsecd. Note, 144A, 2.000%, 7/21/2032 | &nbsp;&nbsp; 11240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 337212 | Shimao Group Holdings Ltd., Sr. Unsecd. Note, 144A, 2.000%, 7/21/2033 | &nbsp;&nbsp; 13489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 337212 | Shimao Group Holdings Ltd., Sr. Unsecd. Note, 144A, 2.000%, 1/21/2034 | &nbsp;&nbsp; 10116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1207489 | Shimao Group Holdings Ltd., Sr. Unsecd. Note, 144A, 5.000%, 7/21/2031 | &nbsp;&nbsp; 84524 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223778 |
|  | **Retailers—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000<br><sup>3,4</sup> <br>| Future Retail Ltd., Sec. Fac. Bond, 144A, 5.600%, 12/31/2099 | &nbsp;&nbsp; 2120 |

---

**9**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | CORPORATE BONDS—continued |  |
|  | **Retailers—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $850000 | InRetail Consumer, Sec. Fac. Bond, 144A, 3.250%, 3/22/2028 | &nbsp;&nbsp; $814838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000<br><sup>3,4</sup> <br>| Sri Rejeki Isman Tbk PT, Sr. Unsecd. Note, REGS, 7.250%, 12/31/2099 | &nbsp;&nbsp; 54000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 870958 |
|  | **Technology Services—0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Alibaba Group Holding Ltd., Sr. Unsecd. Note, 4.200%, 12/6/2047 | &nbsp;&nbsp; 1228730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700000 | Baidu, Inc., Sr. Unsecd. Note, 3.425%, 4/7/2030 | &nbsp;&nbsp; 1625209 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2853939 |
|  | **Telecommunications & Cellular—2.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000 | Axian Telecom Holding & Management PLC, Sr. Unsecd. Note, 144A, 7.250%, 7/11/2030 | &nbsp;&nbsp; 1204911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Bharti Airtel Ltd., Sr. Unsecd. Note, 144A, 3.250%, 6/3/2031 | &nbsp;&nbsp; 695180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Colombia Telecomunicaciones S.A. ESP, Sr. Unsecd. Note, REGS, 4.950%, 7/17/2030 | &nbsp;&nbsp; 1330737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2050000 | CT Trust, Sec. Fac. Bond, REGS, 5.125%, 2/3/2032 | &nbsp;&nbsp; 1929701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1130316 | Digicel Intermediate Holdings Ltd., 12.000%, 5/25/2027 | &nbsp;&nbsp; 1136397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | IHS Holding Ltd., Sr. Unsecd. Note, 144A, 8.250%, 11/29/2031 | &nbsp;&nbsp; 1125637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1600000 | IHS Holding Ltd., Sr. Unsecd. Note, REGS, 5.625%, 11/29/2026 | &nbsp;&nbsp; 1582194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 824970 | IHS Netherlands Holdco B.V., Sr. Unsecd. Note, 144A, 8.000%, 9/18/2027 | &nbsp;&nbsp; 830177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Liberty Costa Rica Senior Secured Finance, Sec. Fac. Bond, REGS, 10.875%, 1/15/2031 | &nbsp;&nbsp; 1065815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Millicom International Cellular S.A., Sr. Unsecd. Note, REGS, 4.500%, 4/27/2031 | &nbsp;&nbsp; 922269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1052000 | Telfon Celuar Del Paraguay, Sr. Unsecd. Note, REGS, 5.875%, 4/15/2027 | &nbsp;&nbsp; 1055966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000 | Total Play Telecom, Sec. Fac. Bond, 144A, 10.500%, 12/31/2028 | &nbsp;&nbsp; 1160935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Turkcell Iletisim Hizmetleri A.S., Sr. Unsecd. Note, 144A, 7.450%, 1/24/2030 | &nbsp;&nbsp; 3084618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Turkcell Iletisim Hizmetleri A.S., Sr. Unsecd. Note, 144A, 7.650%, 1/24/2032 | &nbsp;&nbsp; 1028609 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 18153146 |
|  | **Transportation—0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | Adani Ports and Special Economic Zone Ltd., Sr. Unsecd. Note, REGS, 3.828%, 2/2/2032 | &nbsp;&nbsp; 258589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Avianca Midco 2 PLC, Sr. Secd. Note, REGS, 9.625%, 2/14/2030 | &nbsp;&nbsp; 930905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Mersin Uluslararasi Liman Isletmeciligi A.s., Sr. Unsecd. Note, 144A, 8.250%, 11/15/2028 | &nbsp;&nbsp; 521911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | Simpar Europe S.A., Sr. Unsecd. Note, 144A, 5.200%, 1/26/2031 | &nbsp;&nbsp; 881375 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2592780 |
|  | **Utilities—1.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | AES Andes S.A., Sr. Unsecd. Note, 144A, 8.150%, 6/10/2055 | &nbsp;&nbsp; 524516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Azule Energy Finance PLC, Sr. Unsecd. Note, 144A, 8.125%, 1/23/2030 | &nbsp;&nbsp; 504089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Buffalo Energy Mexico Holdings, Term Loan - 1st Lien, REGS, 7.875%, 2/15/2039 | &nbsp;&nbsp; 1066502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 775750 | Empresa Electrica Cochrane SpA, 144A, 5.500%, 5/14/2027 | &nbsp;&nbsp; 769026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000 | Energuate Trust, Sr. Unsecd. Note, REGS, 5.875%, 5/3/2027 | &nbsp;&nbsp; 1194390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Enfragen Energia Sur S.A., REGS, 5.375%, 12/30/2030 | &nbsp;&nbsp; 728980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | Fs Luxembourg S.a.r.l., Sr. Unsecd. Note, 144A, 8.875%, 2/12/2031 | &nbsp;&nbsp; 311560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400000 | Globeleq Mesoamerica, Sr. Note, 144A, 6.250%, 4/26/2029 | &nbsp;&nbsp; 1375700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1760000 | Greenko Dutch B.V., REGS, 3.850%, 3/29/2026 | &nbsp;&nbsp; 1735777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398750 | Greenko Power II Ltd., Sr. Unsecd. Note, 144A, 4.300%, 12/13/2028 | &nbsp;&nbsp; 378399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 651459<br><sup>2,4,5</sup> <br>| Light S.A., Unsecd. Note, 0.000%, 8/31/2027 | &nbsp;&nbsp; 97719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225161 | Light Serv Eletricidade, Term Loan - 1st Lien, 4.210%, 12/19/2032 | &nbsp;&nbsp; 126653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181800 | LLPL Capital Pte. Ltd., 144A, 6.875%, 2/4/2039 | &nbsp;&nbsp; 187295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950000 | Minejesa Capital B.V., Sec. Fac. Bond, 144A, 5.625%, 8/10/2037 | &nbsp;&nbsp; 930295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1185801 | Mong Duong Finance Holdings B.V., 144A, 5.125%, 5/7/2029 | &nbsp;&nbsp; 1168867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250000 | Termocandelaria Power S.A., Sr. Unsecd. Note, 144A, 7.750%, 9/17/2031 | &nbsp;&nbsp; 1288269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Zorlu Enerji Elektrik Uretim AS, Sr. Unsecd. Note, 144A, 11.000%, 4/23/2030 | &nbsp;&nbsp; 193927 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 12581964 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CORPORATE BONDS <br>(IDENTIFIED COST $152,068,975)<br>| &nbsp;&nbsp; 148760414 |

---

**10**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | COMMON STOCKS—0.1% |  |
|  | **Consumer Products—0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191350<br><sup>4,5</sup> <br>| Atento Luxco 1 S.A. | &nbsp;&nbsp; $0 |
|  | **Finance—0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67865<br><sup>4,5</sup> <br>| Unifin Financiera, S.A.B. de C.V. | &nbsp;&nbsp; 7897 |
|  | **Oil & Gas—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8154 | Pampa Energia S.A., ADR | &nbsp;&nbsp; 620112 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL COMMON STOCKS <br>(IDENTIFIED COST $962,932)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 628009 |
|  | PURCHASED CALL OPTION—0.0% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2100000 | Credit Agricole EUR CALL/USD PUT, Exercise Price $1.1465, Notional Amount $33,915,000, Expiration Date 8/6/2025 <br>(IDENTIFIED COST $12,012)<br>| &nbsp;&nbsp; 5101 |
|  | EXCHANGE-TRADED FUND—0.2% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35193 | iShares Emerging Markets Local Currency Bond ETF <br>(IDENTIFIED COST $1,389,420)<br>| &nbsp;&nbsp; 1402793 |
|  | INVESTMENT COMPANY—1.8% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12706569 | Federated Hermes Government Obligations Fund, Premier Shares, 4.24%<sup>6</sup> <br>(IDENTIFIED COST $12,706,569)<br>| &nbsp;&nbsp; 12706569 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—99.2% <br>(IDENTIFIED COST $669,861,046)<br>| &nbsp;&nbsp; 719673912 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—0.8%<sup>7</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6169196 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $725843108 |

---

At July 31, 2025, the Fund had the following outstanding futures contracts:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number of** <br>**Contracts**<br>| &nbsp;&nbsp; **Notional** <br>**Value**<br>| &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| &nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**Appreciation**<br>|
| **Long Futures:** |  |  |  |  |
| United States Treasury Notes 10-Year Long Futures | &nbsp;&nbsp; 63 | &nbsp;&nbsp;&nbsp; $6996938 | September 2025 | &nbsp;&nbsp;&nbsp; $50061 |

---

At July 31, 2025, the Fund had the following outstanding foreign exchange contracts:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Settlement** <br>**Date**<br>| **Counterparty** | **Foreign** <br>**Currency** <br>**Units to** <br>**Deliver/Receive** | **Foreign** <br>**Currency** <br>**Units to** <br>**Deliver/Receive** | &nbsp;&nbsp; **In** <br>**Exchange** <br>**For**<br>| **Net Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| **Contracts Purchased:** |  |  |  |  |  |
| 8/4/2025 | State Street Bank & Trust Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2006963 | BRL | $354687 | &nbsp;&nbsp; $3728 |
| 8/4/2025 | State Street Bank & Trust Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4752155 | BRL | $858610 | &nbsp;&nbsp; $(9943) |
| 8/4/2025 | State Street Bank & Trust Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2818229 | BRL | $504932 | &nbsp;&nbsp; $(1636) |
| 8/4/2025 | Barclays Bank PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2405383 | BRL | $429372 | &nbsp;&nbsp; $196 |
| 8/4/2025 | Morgan Stanley | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2753993 | BRL | $491600 | &nbsp;&nbsp; $224 |
| 8/4/2025 | Barclays Bank PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2411009 | BRL | $430376 | &nbsp;&nbsp; $196 |
| 8/4/2025 | JPMorgan Chase Bank, N.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2006963 | BRL | $358252 | &nbsp;&nbsp; $163 |
| 8/7/2025 | Morgan Stanley | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | AUD | 261,895 CHF | &nbsp;&nbsp; $2158 |
| 8/7/2025 | Citibank, N.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 521047 | AUD | 250,000 GBP | &nbsp;&nbsp; $2249 |
| 8/7/2025 | Citibank, N.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 263851 | CHF | 500,000 AUD | &nbsp;&nbsp; $4071 |
| 8/7/2025 | State Street Bank & Trust Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | EUR | $1252011 | &nbsp;&nbsp; $3556 |
| 8/7/2025 | JPMorgan Chase Bank, N.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275000 | EUR | $312481 | &nbsp;&nbsp; $1411 |
| 8/7/2025 | Citibank, N.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | GBP | 513,372 AUD | &nbsp;&nbsp; $(2180) |
| 8/7/2025 | State Street Bank & Trust Co. | &nbsp;&nbsp;&nbsp;&nbsp; 47500000 | JPY | $330048 | &nbsp;&nbsp; $(14958) |
| 8/7/2025 | Credit Agricole | &nbsp;&nbsp;&nbsp;&nbsp; 95000000 | JPY | $648069 | &nbsp;&nbsp; $(17889) |
| 8/18/2025 | BNP Paribas SA | &nbsp;&nbsp; 170000000 | TRY | $4101327 | &nbsp;&nbsp; $34443 |
| 8/20/2025 | Standard Chartered Bank | &nbsp;&nbsp;&nbsp;&nbsp; 17000000 | EGP | $325858 | &nbsp;&nbsp; $20568 |
| 8/25/2025 | Morgan Stanley | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 995717 | CNY | $139407 | &nbsp;&nbsp; $(754) |

---

**11**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Settlement**<br> **Date**<br>| **Counterparty** | **Foreign**<br> **Currency**<br> **Units to**<br> **Deliver/Receive** | **Foreign**<br> **Currency**<br> **Units to**<br> **Deliver/Receive** | &nbsp;&nbsp; **In**<br> **Exchange**<br> **For**<br>| **Net Unrealized**<br> **Appreciation/**<br> **(Depreciation)**<br>|
| 8/25/2025 | Barclays Bank PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 990714 | CNY | $138968 | &nbsp;&nbsp; $(1012) |
| 8/25/2025 | Goldman Sachs Bank | &nbsp;&nbsp; 2256806000 | IDR | $137761 | &nbsp;&nbsp; $(686) |
| 8/25/2025 | Morgan Stanley | &nbsp;&nbsp; 2254733000 | IDR | $137739 | &nbsp;&nbsp; $(789) |
| 8/25/2025 | State Street Bank & Trust Co. | &nbsp;&nbsp;&nbsp;&nbsp; 11885891 | INR | $137486 | &nbsp;&nbsp; $(1937) |
| 8/25/2025 | HSBC Bank USA | &nbsp;&nbsp;&nbsp;&nbsp; 11957064 | INR | $138114 | &nbsp;&nbsp; $(1753) |
| 8/25/2025 | State Street Bank & Trust Co. | &nbsp;&nbsp; 191026950 | KRW | $139147 | &nbsp;&nbsp; $(1244) |
| 8/25/2025 | HSBC Bank USA | &nbsp;&nbsp; 190895660 | KRW | $138485 | &nbsp;&nbsp; $(676) |
| 8/25/2025 | Bank of New York | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178499 | SGD | $138967 | &nbsp;&nbsp; $(1269) |
| 8/25/2025 | Barclays Bank PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177076 | SGD | $138508 | &nbsp;&nbsp; $(1908) |
| 9/17/2025 | UBS AG | &nbsp;&nbsp; 659519757 | CLP | $708770 | &nbsp;&nbsp; $(30642) |
| 9/17/2025 | Morgan Stanley | &nbsp;&nbsp; 336232718 | CLP | $357193 | &nbsp;&nbsp; $(11474) |
| 9/17/2025 | Barclays Bank PLC | &nbsp;&nbsp; 405526874 | CLP | $432931 | &nbsp;&nbsp; $(15963) |
| 9/17/2025 | Barclays Bank PLC | &nbsp;&nbsp; 341325636 | CLP | $359953 | &nbsp;&nbsp; $(8997) |
| 9/17/2025 | Goldman Sachs Bank | &nbsp;&nbsp; 355414191 | CLP | $367706 | &nbsp;&nbsp; $(2264) |
| 9/17/2025 | HSBC Bank USA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2566288 | PEN | $707095 | &nbsp;&nbsp; $6314 |
| 9/18/2025 | Goldman Sachs Bank | &nbsp;&nbsp; 2062555709 | COP | $488437 | &nbsp;&nbsp; $2096 |
| 10/17/2025 | Bank Of America, N.A. | &nbsp;&nbsp; 700000000 | CLP | $722096 | &nbsp;&nbsp; $(2355) |
| 12/29/2025 | Citibank, N.A. | &nbsp;&nbsp;&nbsp;&nbsp; 17000000 | EGP | $320117 | &nbsp;&nbsp; $5352 |
| **Contracts Sold:** |  |  |  |  |  |
| 8/4/2025 | JPMorgan Chase Bank, N.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2006963 | BRL | $361025 | &nbsp;&nbsp; $2610 |
| 8/4/2025 | Barclays Bank PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2405383 | BRL | $440228 | &nbsp;&nbsp; $10661 |
| 8/4/2025 | Morgan Stanley | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2753993 | BRL | $494078 | &nbsp;&nbsp; $2254 |
| 8/4/2025 | Barclays Bank PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2411009 | BRL | $431735 | &nbsp;&nbsp; $1163 |
| 8/7/2025 | Citibank, N.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 513372 | AUD | 250,000 GBP | &nbsp;&nbsp; $2423 |
| 8/7/2025 | Citibank, N.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | AUD | 263,851 CHF | &nbsp;&nbsp; $(483) |
| 8/7/2025 | Morgan Stanley | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 261895 | CHF | 500,000 AUD | &nbsp;&nbsp; $(3337) |
| 8/7/2025 | Citibank, N.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | GBP | 521,047 AUD | &nbsp;&nbsp; $2440 |
| 9/17/2025 | Morgan Stanley | &nbsp;&nbsp; 509579939 | CLP | $539312 | &nbsp;&nbsp; $15355 |
| 9/17/2025 | Bank Of America, N.A. | &nbsp;&nbsp; 891699410 | CLP | $964177 | &nbsp;&nbsp; $47319 |
| 9/17/2025 | UBS AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4464000 | EUR | $5199877 | &nbsp;&nbsp; $90705 |
| 9/17/2025 | Morgan Stanley | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1586100 | EUR | $1855576 | &nbsp;&nbsp; $40241 |
| 9/17/2025 | Goldman Sachs Bank | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2566288 | PEN | $710672 | &nbsp;&nbsp; $(2737) |
| 9/17/2025 | Standard Chartered Bank | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7857695 | PEN | $2200480 | &nbsp;&nbsp; $16100 |
| 9/18/2025 | Goldman Sachs Bank | &nbsp;&nbsp; 2062555709 | COP | $491198 | &nbsp;&nbsp; $665 |
| 10/17/2025 | Morgan Stanley | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | PEN | $698949 | &nbsp;&nbsp; $4531 |
| &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FOREIGN EXCHANGE CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FOREIGN EXCHANGE CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FOREIGN EXCHANGE CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FOREIGN EXCHANGE CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FOREIGN EXCHANGE CONTRACTS | &nbsp;&nbsp; $186306 |

---

At July 31, 2025, the Fund had the following outstanding written option contracts:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Description** | **Number of** <br>**Contracts**<br>| **Notional** <br>**Amount**<br>| &nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Exercise** <br>**Price**<br>| **Value** |
| **Call Option:** |  |  |  |  |  |  |
| Morgan Stanley | EUR CALL/USD PUT | &nbsp;&nbsp; (1100000) | &nbsp;&nbsp; $1100000 | December 2025 | &nbsp;&nbsp; $1.19 | &nbsp;&nbsp; $(7706) |
| &nbsp;&nbsp;&nbsp;&nbsp; (Premium Received $19,943) | &nbsp;&nbsp;&nbsp;&nbsp; (Premium Received $19,943) | &nbsp;&nbsp;&nbsp;&nbsp; (Premium Received $19,943) | &nbsp;&nbsp;&nbsp;&nbsp; (Premium Received $19,943) | &nbsp;&nbsp;&nbsp;&nbsp; (Premium Received $19,943) | &nbsp;&nbsp;&nbsp;&nbsp; (Premium Received $19,943) | &nbsp;&nbsp; $(7706) |

---

Net Unrealized Appreciation (Depreciation) on Futures, Foreign Exchange Contracts and the value of Written Options Contracts are included in "Other Assets and Liabilities—Net."

**12**

------

Transactions with affiliated investment companies, which are funds managed by the Adviser or an affiliate of the Adviser, during the period ended July 31, 2025, were as follows:

---

| | |
|:---|:---|
|  | **Federated** <br>**Hermes** <br>**Government** <br>**Obligations Fund,** <br>**Premier Shares**<br>|
| Value as of 10/31/2024 | &nbsp;&nbsp; $34279318 |
| Purchases at Cost | &nbsp;&nbsp; $250954636 |
| Proceeds from Sales | &nbsp;&nbsp; $(272527385) |
| Change in Unrealized Appreciation/Depreciation | &nbsp;&nbsp; $— |
| Net Realized Gain/(Loss) | &nbsp;&nbsp; $— |
| Value as of 7/31/2025 | &nbsp;&nbsp; $12706569 |
| Shares Held as of 7/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 12706569 |
| Dividend Income | &nbsp;&nbsp; $586719 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 1 | *Perpetual Bond Security. The maturity date reflects the next call date.* |
| 2 | *Zero coupon bond, reflects effective rate at time of purchase.* |
| 3 | *Issuer in default.* |
| 4 | *Non-income-producing security.* |
| 5 | *Market quotations and price evaluations are not available. Fair value determined using significant unobservable inputs in accordance with procedures established* <br> *by and under the general supervision of the Fund's Adviser acting through its Valuation Committee.*<br>|
| 6 | *7-day net yield.* |
| 7 | *Assets, other than investments in securities, less liabilities.* |

---

Note: The categories of investments are shown as a percentage of net assets at July 31, 2025.

**Investment Valuation** 

In calculating its net asset value (NAV), the Fund generally values investments as follows:

■ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by Federated Investment Management Company (the "Adviser").

■ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.

■ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Adviser.

■ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

■ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Adviser, certain factors may be considered, such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's valuation committee ("Valuation Committee"), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**Fair Valuation and Significant Events Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, the Fund's Board of Trustees (the "Trustees") has designated the Adviser as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser's fair value determinations.

The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based

**13**

------

on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.

The Adviser has also adopted procedures requiring an investment to be priced at its fair value whenever the Valuation Committee determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:

■ With respect to securities traded principally in foreign markets, significant trends in U.S. equity markets or in the trading of foreign securities index futures contracts;

■ Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded;

■ Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, or a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.

The Adviser has adopted procedures whereby the Valuation Committee uses a pricing service to provide factors to update the fair value of equity securities traded principally in foreign markets from the time of the close of their respective foreign stock exchanges to the pricing time of the Fund. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Valuation Committee will determine the fair value of the investment in accordance with the fair valuation procedures approved by the Adviser. The Trustees periodically review fair valuations made in response to significant events.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1—quoted prices in active markets for identical securities.

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

Level 3—significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

**14**

------

&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; <br>The following is a summary of the inputs used, as of July 31, 2025, in valuing the Fund's assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** |
|  | **Level 1—** <br>**Quoted** <br>**Prices**<br>| **Level 2—** <br>**Other** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3—** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Debt Securities:** |  |  |  |  |
| Foreign Governments/Agencies | &nbsp;&nbsp; $— | &nbsp;&nbsp; $556171026 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $556171026 |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 148427636 | &nbsp;&nbsp; 332778 | &nbsp;&nbsp; 148760414 |
| **Purchased Call Option** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5101 |
| **Exchange-Traded Fund** | &nbsp;&nbsp;&nbsp; 1402793 | &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; 1402793 |
| **Equity Securities:** |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp; International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 620112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 628009 |
| **Investment Company** | &nbsp;&nbsp; 12706569 | &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; 12706569 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SECURITIES | &nbsp;&nbsp; $14729474 | &nbsp;&nbsp; $704603763 | &nbsp;&nbsp; $340675 | &nbsp;&nbsp; $719673912 |
| **Other Financial Instruments:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp; Futures Contracts | &nbsp;&nbsp; $50061 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $50061 |
| &nbsp;&nbsp; Foreign Exchange Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 323192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 323192 |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp; Foreign Exchange Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (136886) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (136886) |
| &nbsp;&nbsp; Written Options Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7706) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7706) |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL OTHER FINANCIAL INSTRUMENTS | &nbsp;&nbsp; $50061 | &nbsp;&nbsp; $178600 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $228661 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| The following acronym(s) are used throughout this portfolio: | The following acronym(s) are used throughout this portfolio: |
| ADR | —American Depositary Receipt |
| AUD | —Australian Dollar |
| BRL | —Brazilian Real |
| CHF | —Swiss Franc |
| CJSC | —Closed Joint Stock Company |
| CLP | —Chilean Peso |
| CNY | —Chinese Yuan Renminbi |
| COP | —Colombian Peso |
| EGP | —Egyptian Pound |
| EMTN | —Euro Medium Term Note |
| ETF | —Exchange-Traded Fund |
| EUR | —Euro |
| GBP | —British Pound |
| GMTN | —Global Medium Term Note |
| IDR | —Indonesian Rupiah |
| INR | —Indian Rupee |
| JPY | —Japanese Yen |
| KRW | —Korean Won |
| LLP | —Limited Liability Partnership |
| NGN | —Nigeria Naira |
| PEN | —Peruvian Nuevo Sol |
| SGD | —Singapore Dollar |
| TRY | —Turkish Lira |
| USD | —United States Dollar |
| UYU | —Uruguayan Peso |

---

**15**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes Core Trust

- **b. Investment Company Act file number:** 811-08519

- **c. CIK number of Registrant:** 0001034106

- **d. LEI of Registrant:** 254900HYFNGKM5PJOV84

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

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Emerging Markets Core Fund

- **b. EDGAR series identifier (if any):** S000054054

- **c. LEI of Series:** 549300SPUQUG24VI1F02

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

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

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $731548495.75

**Total Liabilities:** $9102217.35

**Net Assets:** $722446278.40

**Cash Not Reported:** $198099.75

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -181.363921000000 | **1-Year:** -5425.115484000000 | **5-Year:** -16771.110803000000 | **10-Year:** -26575.747856000000 | **30-Year:** -14572.607165000000

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

- **3-Month:** -1878.030790000000 | **1-Year:** -35605.839539000000 | **5-Year:** -122474.746882000000 | **10-Year:** -117137.295593000000 | **30-Year:** -35977.578729000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000169915 | 1.74%                | 2.29%                | 1.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $917866.58               | $7592090.35                                |
| Month 2  | $423362.94               | $11403027.78                               |
| Month 3  | $3813870.22              | $428254.93                                 |

**Designated Index Information**

- **Index Name:** Bloomberg EM Seasoned ex Aggregate/Eurodollar

- **Index Identifier:** BC2899USD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AES ANDES SA                                            | AES Andes SA                                                                    | CUSIP: 00111VAC1<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |     500000 | PA      | $524516.00    | 0.07%             | 2055-06-10      | Fixed         | 8.15%                 | Yes           |                  2 | On Loan: No      |
| ACCESS BANK PLC                                         | Access Bank PLC                                                                 | CUSIP: 00434G2C3<br>LEI: 029200328C3N9YI2D660 | Long             | DBT              | CORP              | NG        |     600000 | PA      | $601103.45    | 0.08%             | 2026-10-07      | Fixed         | 9.13%                 | Yes           |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                                   | Alibaba Group Holding Ltd                                                       | CUSIP: 01609WAV4<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    1500000 | PA      | $1228729.91   | 0.17%             | 2047-12-06      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                      | Angolan Government International Bond                                           | CUSIP: 035198AF7<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    2100000 | PA      | $1908754.09   | 0.26%             | 2032-04-14      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                             | CUSIP: 03846JAE0<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     900000 | PA      | $801916.76    | 0.11%             | 2033-09-30      | Fixed         | 7.30%                 | Yes           |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                             | CUSIP: 03846JX62<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    5200000 | PA      | $4329439.40   | 0.60%             | 2050-05-29      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds       | Argentine Republic Government International Bond                                | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   14332671 | PA      | $9459562.86   | 1.31%             | 2035-07-09      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds       | Argentine Republic Government International Bond                                | CUSIP: 040114HU7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   11450000 | PA      | $8043625.00   | 1.11%             | 2038-01-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                   | Argentine Republic Government International Bond                                | CUSIP: 040114HW3<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    3913636 | PA      | $2505705.68   | 0.35%             | 2046-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| AZULE ENERGY FINANCE PLC                                | AZULE ENERGY FINANCE PLC                                                        | CUSIP: 05501YAA6<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |     500000 | PA      | $504089.50    | 0.07%             | 2030-01-23      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                      | Bahrain Government International Bond                                           | CUSIP: 05674RAR5<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    2100000 | PA      | $2194446.56   | 0.30%             | 2037-07-07      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                      | Bahrain Government International Bond                                           | CUSIP: 05675M2D5<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    3200000 | PA      | $3022868.48   | 0.42%             | 2032-09-16      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| BANCO BRADESCO (CAYMAN)                                 | Banco Bradesco SA/Cayman Islands                                                | CUSIP: 05947KBB5<br>LEI: 549300CTUU1RFXHQJE44 | Long             | DBT              | CORP              | KY        |    2200000 | PA      | $2297900.00   | 0.32%             | 2030-01-22      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| BANCO DAVIVIENDA SA                                     | Banco Davivienda SA                                                             | CUSIP: 059501AG1<br>LEI: 549300P161V4IPKAQS70 | Long             | DBT              | CORP              | CO        |     800000 | PA      | $815992.00    | 0.11%             | 2035-07-02      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| BANCO GENERAL SA                                        | Banco General SA                                                                | CUSIP: 059597AF1<br>LEI: 549300B5C08LGDFB7205 | Long             | DBT              | CORP              | PA        |     200000 | PA      | $188342.00    | 0.03%             | 2031-05-07      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BANCO BTG PACTUAL/CAYMAN                                | Banco BTG Pactual SA/Cayman Islands                                             | CUSIP: 05971AAK7<br>LEI: 2549002JHJ73KGETOK78 | Long             | DBT              | CORP              | BR        |     500000 | PA      | $515284.50    | 0.07%             | 2029-04-08      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BANCO BTG PACTUAL/CAYMAN                                | Banco BTG Pactual SA/Cayman Islands                                             | CUSIP: 05971AAL5<br>LEI: 2549002JHJ73KGETOK78 | Long             | DBT              | CORP              | BR        |     480000 | PA      | $482011.20    | 0.07%             | 2030-01-22      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                                     | Benin Government International Bond                                             | CUSIP: 08205QAC2<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |     200000 | PA      | $197070.24    | 0.03%             | 2041-01-23      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazilian Government International Bond                                         | CUSIP: 105756BB5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    3000000 | PA      | $3420450.00   | 0.47%             | 2034-01-20      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazilian Government International Bond                                         | CUSIP: 105756CF5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    4450000 | PA      | $4394539.83   | 0.61%             | 2033-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STATE OF MINAS GERAIS                                   | Brazil Minas SPE via State of Minas Gerais                                      | CUSIP: 105860AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     234000 | PA      | $233185.68    | 0.03%             | 2028-02-15      | Fixed         | 5.33%                 | Yes           |                  2 | On Loan: No      |
| CSN RESOURCES SA                                        | CSN Resources SA                                                                | CUSIP: 12644VAF5<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | LU        |    1000000 | PA      | $992247.10    | 0.14%             | 2030-12-05      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bond                                          | CUSIP: 195325DP7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    6000000 | PA      | $5745000.00   | 0.80%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                         | CUSIP: 195325DT9<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    1500000 | PA      | $893220.00    | 0.12%             | 2051-05-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                         | CUSIP: 195325DX0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    2300000 | PA      | $1262769.00   | 0.17%             | 2061-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bond                                          | CUSIP: 195325DZ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    1500000 | PA      | $1217250.00   | 0.17%             | 2032-04-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                             | Ivory Coast Government International Bond                                       | CUSIP: 221625AU0<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    3400000 | PA      | $3360283.17   | 0.47%             | 2037-01-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                             | Ivory Coast Government International Bond                                       | CUSIP: 221625AV8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    1900000 | PA      | $1871293.93   | 0.26%             | 2036-04-01      | Fixed         | 8.07%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                      | Dominican Republic International Bond                                           | CUSIP: 25714PCF3<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    1500000 | PA      | $1577475.00   | 0.22%             | 2044-04-30      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED KRW / SOLD USD                                                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | KR        |          1 | NC      | $-1243.67     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                     | PURCHASED CNY / SOLD USD                                                        | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | CN        |          1 | NC      | $-754.47      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                  | PURCHASED IDR / SOLD USD                                                        | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | ID        |          1 | NC      | $-685.61      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                        | PURCHASED PEN / SOLD USD                                                        | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | PE        |          1 | NC      | $6314.37      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                  | PURCHASED USD / SOLD COP                                                        | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | US        |          1 | NC      | $665.26       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                  | PURCHASED COP / SOLD USD                                                        | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | CO        |          1 | NC      | $2096.21      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD BRL                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $2609.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED BRL / SOLD USD                                                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | BR        |          1 | NC      | $-1635.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                      | PURCHASED USD / SOLD CLP                                                        | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |          1 | NC      | $47318.57     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                     | PURCHASED USD / SOLD BRL                                                        | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $2254.42      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED USD / SOLD BRL                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $1163.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED TRY / SOLD USD                                                        | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | TR        |          1 | NC      | $34442.94     | 0.00%             |  |  |  | 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      | $40240.72     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EDO SUKUK LTD                                           | EDO Sukuk Ltd                                                                   | CUSIP: 28135J2A4<br>LEI: 5493000LZIE4T625R469 | Long             | DBT              | CORP              | KY        |     900000 | PA      | $936044.55    | 0.13%             | 2033-09-21      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                 | El Salvador Government International Bond                                       | CUSIP: 283875CD2<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    1500000 | PA      | $31500.00     | 0.00%             | 2030-04-17      | Fixed         | 0.25%                 | Yes           |                  2 | On Loan: No      |
| ENFRAGEN ENERGIA SUR SAU                                | EnfraGen Energia Sur SAU/ EnfraGen Chile SpA/ EnfraGen Spain SAU                | CUSIP: 29281MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | ES        |    1100000 | PA      | $1121945.00   | 0.16%             | 2032-06-30      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| PROVINCIA DE ENTRE RIOS                                 | Provincia de Entre Rios Argentina                                               | CUSIP: 29384NAA2<br>LEI: 529900YISSWARKQRS409 | Long             | DBT              | NUSS              | AR        |     117485 | PA      | $110435.82    | 0.02%             | 2028-08-08      | Variable      | 8.25%                 | Yes           |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                | First Quantum Minerals Ltd                                                      | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    2350000 | PA      | $2424429.58   | 0.34%             | 2033-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                       | Ghana Government International Bond                                             | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    4053200 | PA      | $3254328.71   | 0.45%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GREENKO POWER II LTD                                    | Greenko Power II Ltd                                                            | CUSIP: 39530MAA6<br>LEI: 254900YYA4B6O2O4JM12 | Long             | DBT              | CORP              | MU        |     398750 | PA      | $378398.68    | 0.05%             | 2028-12-13      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| HAZINE MUSTESARLIGI VARL                                | Hazine Mustesarligi Varlik Kiralama AS                                          | CUSIP: 421790AN6<br>LEI: 6354003QFJP7RDXEOZ20 | Long             | DBT              | NUSS              | TR        |    1500000 | PA      | $1506860.22   | 0.21%             | 2030-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HUNT OIL CO OF PERU                                     | Hunt Oil Co of Peru LLC Sucursal Del Peru                                       | CUSIP: 445640AD7<br>LEI: 549300SVO0550J3IKN50 | Long             | DBT              | CORP              | PE        |    1350000 | PA      | $1435826.25   | 0.20%             | 2038-11-05      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| INRETAIL CONSUMER                                       | InRetail Consumer                                                               | CUSIP: 45790TAB1<br>LEI: 254900BI1YXHZ31NSP51 | Long             | DBT              | CORP              | PE        |     850000 | PA      | $814838.48    | 0.11%             | 2028-03-22      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| iShares J.P. Morgan EM Local Currency Bond ETF          | iShares J.P. Morgan EM Local Currency Bond ETF                                  | CUSIP: 464286517<br>LEI: 549300ZZ765YKMMG3526 | Long             | EC               | RF                | US        |      35193 | NS      | $1402792.98   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC OF KENYA                                       | Republic of Kenya Government International Bond                                 | CUSIP: 491798AM6<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     300000 | PA      | $308067.66    | 0.04%             | 2031-02-16      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                       | Republic of Kenya Government International Bond                                 | CUSIP: 491798AN4<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    2000000 | PA      | $1921668.40   | 0.27%             | 2036-03-05      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| LLPL Capital Pte Ltd                                    | LLPL Capital Pte Ltd                                                            | CUSIP: 50201PAA4<br>LEI: 254900VXZ8FXTUQNON22 | Long             | DBT              | CORP              | SG        |     181800 | PA      | $187294.72    | 0.03%             | 2039-02-04      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA                                 | Latam Airlines Group SA                                                         | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |    1300000 | PA      | $1346475.00   | 0.19%             | 2030-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MEDCO CYPRESS TREE PTE                                  | Medco Cypress Tree Pte Ltd                                                      | CUSIP: 58406VAA7<br>LEI: 254900NKZ2Y3YZK4WC46 | Long             | DBT              | CORP              | SG        |     750000 | PA      | $783399.47    | 0.11%             | 2030-05-19      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| MEDCO MAPLE TREE PTE LTD                                | Medco Maple Tree Pte Ltd                                                        | CUSIP: 58407HAA7<br>LEI: 254900T5AQZNR0THA508 | Long             | DBT              | CORP              | SG        |     750000 | PA      | $786200.25    | 0.11%             | 2029-04-27      | Fixed         | 8.96%                 | Yes           |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                                   | Minerva Luxembourg SA                                                           | CUSIP: 603374AH2<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |    2150000 | PA      | $2342182.05   | 0.32%             | 2033-09-13      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV                                 | Mong Duong Finance Holdings BV                                                  | CUSIP: 60935DAA3<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |    1185801 | PA      | $1168866.58   | 0.16%             | 2029-05-07      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                     | Nigeria Government International Bond                                           | CUSIP: 65412AFC1<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    1100000 | PA      | $1174081.06   | 0.16%             | 2031-06-09      | Fixed         | 9.63%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                     | Nigeria Government International Bond                                           | CUSIP: 65412JAS2<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    1650000 | PA      | $1519474.92   | 0.21%             | 2033-09-28      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                     | Nigeria Government International Bond                                           | CUSIP: 65412JAU7<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    2000000 | PA      | $2052643.42   | 0.28%             | 2029-03-24      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                             | CUSIP: 706451BG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    3750000 | PA      | $3345104.63   | 0.46%             | 2035-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                     | Petroleos Mexicanos                                                             | CUSIP: 71654QCL4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    3150000 | PA      | $2418392.03   | 0.33%             | 2048-02-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                     | Petroleos Mexicanos                                                             | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    4450000 | PA      | $4133258.35   | 0.57%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                     | Petroleos Mexicanos                                                             | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    2900000 | PA      | $3057997.80   | 0.42%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                      | Angolan Government International Bond                                           | CUSIP: 035198AD2<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    1100000 | PA      | $1025427.02   | 0.14%             | 2029-11-26      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                             | CUSIP: 03846JAF7<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    2800000 | PA      | $2301127.22   | 0.32%             | 2051-09-30      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| BANCOLOMBIA SA                                          | Bancolombia SA                                                                  | CUSIP: 05968LAN2<br>LEI: 54930052NWJRPNMP1W58 | Long             | DBT              | CORP              | CO        |    1000000 | PA      | $1064632.22   | 0.15%             | 2034-12-24      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                                     | Benin Government International Bond                                             | CUSIP: 08205QAA6<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |     600000 | PA      | $581045.61    | 0.08%             | 2038-02-13      | Fixed         | 7.96%                 | Yes           |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazilian Government International Bond                                         | CUSIP: 105756BY5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    5000000 | PA      | $4063400.00   | 0.56%             | 2047-02-21      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazilian Government International Bond                                         | CUSIP: 105756CB4<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    3000000 | PA      | $2109184.89   | 0.29%             | 2050-01-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                           | CUSIP: 105756CG3<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    4000000 | PA      | $4107382.88   | 0.57%             | 2031-03-18      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazilian Government International Bond                                         | CUSIP: 105756CL2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    3925000 | PA      | $3942516.02   | 0.55%             | 2035-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CITY OF BUENOS AIRES                                    | Autonomous City of Buenos Aires Argentina                                       | CUSIP: 11942GAD4<br>LEI: 5299007MC8RF52X0ON96 | Long             | DBT              | NUSS              | AR        |     719369 | PA      | $726562.99    | 0.10%             | 2027-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT                                   | Costa Rica Government International Bond                                        | CUSIP: 221597CV7<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    2500000 | PA      | $2596875.00   | 0.36%             | 2054-11-13      | Fixed         | 7.30%                 | Yes           |                  2 | On Loan: No      |
| DP WORLD LTD UAE                                        | DP World Ltd/United Arab Emirates                                               | CUSIP: 23330JAC5<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |    1200000 | PA      | $1002459.60   | 0.14%             | 2049-09-30      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                           | CUSIP: 25714PED6<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    1000000 | PA      | $952900.00    | 0.13%             | 2030-01-30      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                           | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    2650000 | PA      | $2449395.00   | 0.34%             | 2032-09-23      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                           | CUSIP: 25714PEN4<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    2800000 | PA      | $2778020.00   | 0.38%             | 2033-02-22      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                           | CUSIP: 25714PFB9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     500000 | PA      | $512250.00    | 0.07%             | 2037-03-15      | Fixed         | 6.95%                 | Yes           |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                 | Sasol Financing USA LLC                                                         | CUSIP: 80386WAD7<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    3400000 | PA      | $2833179.88   | 0.39%             | 2031-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                 | Sasol Financing USA LLC                                                         | CUSIP: 80386WAF2<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    1900000 | PA      | $1912844.00   | 0.26%             | 2029-05-03      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                | Saudi Government International Bond                                             | CUSIP: 80413TBE8<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     500000 | PA      | $430355.82    | 0.06%             | 2053-01-18      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bond                          | CUSIP: 836205AV6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    2500000 | PA      | $1739648.38   | 0.24%             | 2046-10-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                | Republic of South Africa Government International Bond                          | CUSIP: 836205BF0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     500000 | PA      | $496559.14    | 0.07%             | 2036-11-19      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| SOVCOMBANK (SOVCOM CAPT)                                | Sovcombank Via SovCom Capital DAC                                               | CUSIP: 84605LAD8<br>LEI: 635400EQFFCXMNLYU680 | Long             | DBT              | CORP              | IE        |    1800000 | PA      | $90000.00     | 0.01%             | N/A             | Fixed         | 7.60%                 | No            |                  3 | On Loan: No      |
| TERMOCANDELARIA POWER                                   | Termocandelaria Power SA                                                        | CUSIP: 88087AAA6<br>LEI: 549300YDORW43JL6G659 | Long             | DBT              | CORP              | ES        |    1250000 | PA      | $1288268.75   | 0.18%             | 2031-09-17      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| TOTAL PLAY TELECOM                                      | Total Play Telecomunicaciones SA de CV                                          | CUSIP: 89157PAA6<br>LEI: 4469000001BSAPAMOQ06 | Long             | DBT              | CORP              | MX        |    1200000 | PA      | $1160935.44   | 0.16%             | 2028-12-31      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| TURKCELL ILETISIM HIZMET                                | Turkcell Iletisim Hizmetleri AS                                                 | CUSIP: 900111AD7<br>LEI: 7890003EX1LTLS2FFL84 | Long             | DBT              | CORP              | TR        |    1000000 | PA      | $1028609.05   | 0.14%             | 2032-01-24      | Fixed         | 7.65%                 | Yes           |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                            | CUSIP: 900123AY6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    3500000 | PA      | $3416070.70   | 0.47%             | 2036-03-17      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                     | PURCHASED AUD / SOLD CHF                                                        | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | AU        |          1 | NC      | $-1178.67     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Credit Agricole CIB                                     | PURCHASED JPY / SOLD USD                                                        | CUSIP: 000000000<br>LEI: 1VUV7VQFKUOQSJ21A208 | N/A              | DFE              |  | JP        |          1 | NC      | $-17889.14    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                          | CUSIP: 900123BG4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    2000000 | PA      | $1859707.72   | 0.26%             | 2040-05-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                            | CUSIP: 900123CM0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    4200000 | PA      | $3207712.79   | 0.44%             | 2047-05-11      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                  | PURCHASED CLP / SOLD USD                                                        | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | CL        |          1 | NC      | $-30642.48    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                     | PURCHASED CLP / SOLD USD                                                        | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | CL        |          1 | NC      | $-11473.54    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                            | CUSIP: 900123CT5<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    3000000 | PA      | $3144032.52   | 0.44%             | 2029-04-26      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                            | CUSIP: 900123DH0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    1000000 | PA      | $1100450.43   | 0.15%             | 2029-03-14      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                  | PURCHASED USD / SOLD EUR                                                        | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |          1 | NC      | $90705.18     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED USD / SOLD BRL                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $10660.65     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TURKIYE VAKIFLAR BANKASI                                | Turkiye Vakiflar Bankasi TAO                                                    | CUSIP: 90015WAM5<br>LEI: 789000KAIHOLSQKQ9858 | Long             | DBT              | CORP              | TR        |    1000000 | PA      | $1073501.69   | 0.15%             | 2028-10-12      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | UKRAINE GOVERNMENT INTERNATIONAL BOND                                           | CUSIP: 903724AW2<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    1505000 | PA      | $1114828.75   | 0.15%             | 2041-08-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED CLP / SOLD USD                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | CL        |          1 | NC      | $-8997.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                                 | PURCHASED USD / SOLD PEN                                                        | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |          1 | NC      | $16099.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                   | Mexico Government International Bond                                            | CUSIP: 91087BBC3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    1500000 | PA      | $1548000.00   | 0.21%             | 2037-05-13      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED                                   | Vale Overseas Ltd                                                               | CUSIP: 91911TAR4<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |     700000 | PA      | $731380.61    | 0.10%             | 2033-06-12      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED SGD / SOLD USD                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | SG        |          1 | NC      | $-1907.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                 | El Salvador Government International Bond                                       | CUSIP: 283875AH5<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    1000000 | PA      | $1018500.00   | 0.14%             | 2032-04-10      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| VISTA OIL & GAS ARGENTIN                                | Vista Energy Argentina SAU                                                      | CUSIP: 92841RAA8<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |     356000 | PA      | $349752.20    | 0.05%             | 2035-12-10      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| VISTA OIL & GAS ARGENTIN                                | Vista Energy Argentina SAU                                                      | CUSIP: 92841RAB6<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |     800000 | PA      | $821800.00    | 0.11%             | 2033-06-10      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                       | Ghana Government International Bond                                             | CUSIP: 374422AL7<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      94400 | PA      | $90442.98     | 0.01%             | 2026-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                       | Ghana Government International Bond                                             | CUSIP: 374422AN3<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     223564 | PA      | $186198.32    | 0.03%             | 2030-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WE SODA INV HOLDING PLC                                 | WE Soda Investments Holding PLC                                                 | CUSIP: 92943TAC7<br>LEI: 984500SE38C07DB47A90 | Long             | DBT              | CORP              | GB        |    1250000 | PA      | $1310455.01   | 0.18%             | 2031-02-14      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                    | YPF SA                                                                          | CUSIP: 984245AV2<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    1750000 | PA      | $1811465.25   | 0.25%             | 2029-06-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                       | CUSIP: 401494AX7<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    1000000 | PA      | $1070110.00   | 0.15%             | 2032-10-04      | Fixed         | 7.05%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                       | CUSIP: 401494AY5<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    4500000 | PA      | $4586355.00   | 0.63%             | 2031-08-06      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| JSW INFRASTRUCTURE                                      | JSW Infrastructure Ltd                                                          | CUSIP: 46654XAA7<br>LEI: 3358003E3YFK92C9WX80 | Long             | DBT              | CORP              | IN        |     700000 | PA      | $689780.39    | 0.10%             | 2029-01-21      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| LIGHT S/A                                               | Light S/A                                                                       | CUSIP: 53223N208<br>LEI: N/A                  | Long             | DBT              | CORP              | BR        |     651459 | PA      | $97718.85     | 0.01%             | 2027-08-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Minejesa Capital BV                                     | Minejesa Capital BV                                                             | CUSIP: 602736AB6<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |     950000 | PA      | $930294.97    | 0.13%             | 2037-08-10      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | PETROLEOS MEXICANOS                                                             | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    6800000 | PA      | $5271690.48   | 0.73%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PLUSPETROL SA                                           | Pluspetrol SA                                                                   | CUSIP: 72942BAA3<br>LEI: 254900QSCHBUBX6J6H71 | Long             | DBT              | CORP              | AR        |     300000 | PA      | $306750.00    | 0.04%             | 2032-05-30      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| PUMA INTERNATIONAL FINAN                                | Puma International Financing SA                                                 | CUSIP: 74588YAB6<br>LEI: 222100YFBPO7IDRUBR17 | Long             | DBT              | CORP              | LU        |    1400000 | PA      | $1448598.20   | 0.20%             | 2029-04-25      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                    | YPF SA                                                                          | CUSIP: 984245AY6<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    1550000 | PA      | $1616677.90   | 0.22%             | 2031-09-11      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                                | Yapi ve Kredi Bankasi AS                                                        | CUSIP: 984848AT8<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |     500000 | PA      | $503470.74    | 0.07%             | 2029-10-10      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| TELECOMMUNICATIONS CO TE                                | Telecommunications co Telekom Srbija AD Belgrade                                | CUSIP: 87945BAA8<br>LEI: 254900OVY0XI1DFYC092 | Long             | DBT              | CORP              | RS        |     300000 | PA      | $300693.04    | 0.04%             | 2029-10-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TRANSNET SOC LTD                                        | Transnet SOC Ltd                                                                | CUSIP: 89378TAD5<br>LEI: 378900B07CD6F01EA796 | Long             | DBT              | CORP              | ZA        |     600000 | PA      | $626487.30    | 0.09%             | 2028-02-06      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                | BAC002363 EUR CALL USD PUT                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |   -1100000 | OU      | $-7706.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BONOS BANCO CENT ARGENT                                 | Bonos Para La Reconstruccion De Una Argentina Libre                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |     640000 | PA      | $637497.60    | 0.09%             | 2027-10-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                            | CUSIP: 900123DA5<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    2500000 | PA      | $2423794.73   | 0.34%             | 2031-01-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                            | CUSIP: 900123DD9<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    1500000 | PA      | $1452520.47   | 0.20%             | 2033-09-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BONOS BANCO CENT ARGENT                                 | Bonos Para La Reconstruccion De Una Argentina Libre                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |    1500000 | PA      | $1437840.00   | 0.20%             | 2027-10-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Argentina Bonar Bonds                                   | Argentina Bonar Bonds                                                           | CUSIP: 000000000<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    8500000 | PA      | $5528995.00   | 0.77%             | 2035-07-09      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                                     | Egypt Treasury Bills                                                            | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |  221100000 | PA      | $4317018.47   | 0.60%             | 2025-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                                 | Energean Israel Finance Ltd                                                     | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |     200000 | PA      | $207839.74    | 0.03%             | 2033-09-30      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| KLABIN AUSTRIA GMBH                                     | Klabin Austria GmbH                                                             | CUSIP: 000000000<br>LEI: 984500578YEA8DD41B09 | Long             | DBT              | CORP              | AT        |    1500000 | PA      | $1524720.00   | 0.21%             | 2049-04-03      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| KLABIN AUSTRIA GMBH                                     | Klabin Austria GmbH                                                             | CUSIP: 000000000<br>LEI: 984500578YEA8DD41B09 | Long             | DBT              | CORP              | AT        |    1500000 | PA      | $1332801.45   | 0.18%             | 2031-01-12      | Fixed         | 3.20%                 | Yes           |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                | First Quantum Minerals Ltd                                                      | CUSIP: 000000000<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    2000000 | PA      | $2085008.00   | 0.29%             | 2031-06-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| AI CANDELARIA -SPAIN- SA                                | AI Candelaria Spain SA                                                          | CUSIP: 000000000<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | ES        |    1854442 | PA      | $1864743.73   | 0.26%             | 2028-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                            | CUSIP: 900123DJ6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    2000000 | PA      | $2224740.06   | 0.31%             | 2030-07-13      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | Ukraine Government International Bond                                           | CUSIP: 903724CB6<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    2575651 | PA      | $1311022.35   | 0.18%             | 2035-02-01      | Variable      | 1.75%                 | 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        |    1000000 | PA      | $972752.50    | 0.13%             | 2029-04-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CT TRUST                                                | CT Trust                                                                        | CUSIP: 000000000<br>LEI: 213800MJB7WO427HQD34 | Long             | DBT              | CORP              | GT        |    2050000 | PA      | $1929700.88   | 0.27%             | 2032-02-03      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| LIBERTY COSTA RICA SR SF                                | Liberty Costa Rica Senior Secured Finance                                       | CUSIP: 000000000<br>LEI: 549300W6O2PHTPCYQ751 | Long             | DBT              | CORP              | KY        |    1000000 | PA      | $1065815.00   | 0.15%             | 2031-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| MARB BONDCO PLC                                         | MARB BondCo PLC                                                                 | CUSIP: 000000000<br>LEI: 254900PVA1EU6QM1JN57 | Long             | DBT              | CORP              | GB        |    2000000 | PA      | $1777230.60   | 0.25%             | 2031-01-29      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                   | Melco Resorts Finance Ltd                                                       | CUSIP: 000000000<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |     800000 | PA      | $766456.64    | 0.11%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Banco de Bogota SA                                      | Banco de Bogota SA                                                              | CUSIP: 000000000<br>LEI: 549300LYHE7LWSKDZT53 | Long             | DBT              | CORP              | CO        |    1250000 | PA      | $1257700.64   | 0.17%             | 2026-05-12      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BRASKEM IDESA SAPI                                      | Braskem Idesa SAPI                                                              | CUSIP: 000000000<br>LEI: YH0V7ZHY352ITDGEYB83 | Long             | DBT              | CORP              | MX        |    1000000 | PA      | $706423.17    | 0.10%             | 2029-11-15      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| BUFFALO ENERGY MX HLDGS                                 | Buffalo Energy Mexico Holdings / Buffalo Energy Infrastructure / Buffalo Energy | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    1000000 | PA      | $1066502.20   | 0.15%             | 2039-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                         | Cemex SAB de CV                                                                 | CUSIP: 000000000<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    2000000 | PA      | $1982821.80   | 0.27%             | N/A             | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| ESC GCBREGS CREDITO RE                                  | ESC GCBREGS CREDITO RE                                                          | CUSIP: 000000000<br>LEI: 549300W2IL7TPPCTKL39 | Long             | DBT              | CORP              | MX        |      60000 | PA      | $7500.00      | 0.00%             | 2026-02-07      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | Ukraine Government International Bond                                           | CUSIP: 903724CE0<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    1978771 | PA      | $738217.84    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| WE SODA INV HOLDING PLC                                 | WE Soda Investments Holding PLC                                                 | CUSIP: 92943TAA1<br>LEI: 984500SE38C07DB47A90 | Long             | DBT              | CORP              | GB        |    2100000 | PA      | $2191597.61   | 0.30%             | 2028-10-06      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bond                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    1200000 | PA      | $1198800.00   | 0.17%             | 2045-01-27      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| BOLIVIA GOVERNMENT                                      | Bolivian Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900TGIRPY3SZXEB56 | Long             | DBT              | NUSS              | BO        |    1000000 | PA      | $752790.00    | 0.10%             | 2030-03-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                       | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    3000000 | PA      | $2944650.00   | 0.41%             | 2032-04-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Guatemala Government Bonds                              | Guatemala Government Bonds                                                      | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    2000000 | PA      | $2048140.00   | 0.28%             | 2036-06-13      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| YINSON BORONIA PRODUCTIO                                | Yinson Boronia Production BV                                                    | CUSIP: 98584XAA3<br>LEI: 5493007X12FTT746N678 | Long             | DBT              | CORP              | NL        |    2648943 | PA      | $2860976.05   | 0.40%             | 2042-07-31      | Fixed         | 8.95%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | US 10YR NOTE (CBT)SEP25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         63 | NC      | $50061.37     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HERITAGE PETROL CO LTD                                  | Heritage Petroleum Co Ltd                                                       | CUSIP: 000000000<br>LEI: 25490055MYPABN06OA04 | Long             | DBT              | CORP              | TT        |     800000 | PA      | $825160.00    | 0.11%             | 2029-08-12      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| HONDURAS GOVERNMENT                                     | Honduras Government International Bond                                          | CUSIP: 000000000<br>LEI: 5493002DW1JNBNG17615 | Long             | DBT              | NUSS              | HN        |    2200000 | PA      | $2087250.00   | 0.29%             | 2030-06-24      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                      | CAC001852 EUR CALL USD PUT                                                      | CUSIP: 000000000<br>LEI: 969500TJ5KRTCJQWXH05 | N/A              | DFE              |  | US        |    2100000 | OU      | $5100.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Argentina Bonar Bonds                                   | Argentina Bonar Bonds                                                           | CUSIP: 000000000<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    1600000 | PA      | $1001584.00   | 0.14%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| NEMAK SAB DE CV                                         | Nemak SAB de CV                                                                 | CUSIP: 000000000<br>LEI: 5493000MY3DAIB0BP706 | Long             | DBT              | CORP              | MX        |    2000000 | PA      | $1696075.00   | 0.23%             | 2031-06-28      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| ORAZUL ENERGY PERU SA                                   | Orazul Energy Egenor SCA                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |    1214000 | PA      | $1205240.99   | 0.17%             | 2027-04-28      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Peru LNG Srl                                            | Peru LNG Srl                                                                    | CUSIP: 000000000<br>LEI: 254900F70J1LOALV5K70 | Long             | DBT              | CORP              | PE        |    1750140 | PA      | $1668871.37   | 0.23%             | 2030-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TRINIDAD & TOBAGO                                       | Trinidad & Tobago Government International Bond                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |     750000 | PA      | $740520.00    | 0.10%             | 2031-01-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| TRINIDAD & TOBAGO                                       | Trinidad & Tobago Government International Bond                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |     750000 | PA      | $727245.00    | 0.10%             | 2034-06-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| STILLWATER MINING CO                                    | Stillwater Mining Co                                                            | CUSIP: 000000000<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |    1000000 | PA      | $981326.68    | 0.14%             | 2026-11-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STILLWATER MINING CO                                    | Stillwater Mining Co                                                            | CUSIP: 000000000<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |    2000000 | PA      | $1833187.36   | 0.25%             | 2029-11-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PNG GOVT INTL BOND                                      | Papua New Guinea Government International Bond                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | PG        |     400000 | PA      | $410483.20    | 0.06%             | 2028-10-04      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SRI REJEKI ISMAN TBK PT                                 | Sri Rejeki Isman Tbk PT                                                         | CUSIP: 000000000<br>LEI: 254900TBASD7T48GQU02 | Long             | DBT              | CORP              | ID        |    1200000 | PA      | $54000.00     | 0.01%             | 2025-01-16      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                 | El Salvador Government International Bond                                       | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    2000000 | PA      | $2037000.00   | 0.28%             | 2032-04-10      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                                 | Pakistan Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |    1400000 | PA      | $1400603.95   | 0.19%             | 2025-09-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bonds                                          | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     800000 | PA      | $777483.82    | 0.11%             | 2032-02-16      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CHINA GRT WALL INTL III                                 | CHINA GREAT WA 3.875 8/27                                                       | CUSIP: 000000000<br>LEI: 254900Z04YK19SP3M967 | Long             | DBT              | CORP              | VG        |    1100000 | PA      | $1079687.05   | 0.15%             | 2027-08-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                                 | Pakistan Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |    4900000 | PA      | $4802947.76   | 0.66%             | 2027-12-05      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| NIGERIA OMO BILL                                        | Nigeria OMO Bill                                                                | CUSIP: 000000000<br>LEI: 549300G1JG004Y3K8S97 | Long             | DBT              | NUSS              | NG        | 6000000000 | PA      | $3645491.05   | 0.50%             | 2025-11-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DIG HLDNG/DIG FIN/DIFL                                  | Digicel Intermediate Holdings Ltd / Digicel International Finance Ltd / Difl US | CUSIP: 000000000<br>LEI: 5493007V023VOEW4FK27 | Long             | DBT              | CORP              | XX        |    1130316 | PA      | $1136397.10   | 0.16%             | 2027-05-25      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bond                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    1600000 | PA      | $1594518.18   | 0.22%             | 2028-02-21      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya Government International Bonds        | Kenya Government International Bond                                             | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     200000 | PA      | $197935.04    | 0.03%             | 2028-02-28      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                                     | Avianca Midco 2 PLC                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    1000000 | PA      | $930905.00    | 0.13%             | 2030-02-14      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| CSN RESOURCES SA                                        | CSN Resources SA                                                                | CUSIP: 000000000<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | LU        |     750000 | PA      | $591815.70    | 0.08%             | 2031-06-10      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                                  | Millicom International Cellular SA                                              | CUSIP: 000000000<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    1000000 | PA      | $922268.75    | 0.13%             | 2031-04-27      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| ESC GCBREGS CREDITO RE                                  | ESC GCBREGS CREDITO RE                                                          | CUSIP: 000000000<br>LEI: 549300W2IL7TPPCTKL39 | Long             | DBT              | CORP              | MX        |    3110000 | PA      | $412075.00    | 0.06%             | 2099-12-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                          | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    3000000 | PA      | $3024750.00   | 0.42%             | 2027-01-25      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bond                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    3000000 | PA      | $3052500.00   | 0.42%             | 2028-07-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya Government International Bonds        | Kenya Government International Bond                                             | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     800000 | PA      | $662733.82    | 0.09%             | 2048-02-28      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MAF GLOBAL SECURITIES                                   | MAF Global Securities Ltd                                                       | CUSIP: 000000000<br>LEI: 54930037VUDNYTS17017 | Long             | DBT              | CORP              | KY        |    3000000 | PA      | $3005156.25   | 0.42%             | 2026-03-20      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PROVINCIA DE MENDOZA                                    | Provincia de Mendoza Argentina                                                  | CUSIP: 000000000<br>LEI: 529900FD2SD2M48A6753 | Long             | DBT              | NUSS              | AR        |     307692 | PA      | $290769.23    | 0.04%             | 2029-03-19      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Petroleos del Peru SA                                   | Petroleos del Peru SA                                                           | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |    1500000 | PA      | $1199962.50   | 0.17%             | 2032-06-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Senegal Government International Bonds                  | Senegal Government International Bond                                           | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |     800000 | PA      | $519449.35    | 0.07%             | 2048-03-13      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SHARJAH SUKUK PROGRAM                                   | Sharjah Sukuk Program Ltd                                                       | CUSIP: 000000000<br>LEI: 549300N3BQ9P6RRMVV02 | Long             | DBT              | NUSS              | KY        |     500000 | PA      | $492049.16    | 0.07%             | 2028-03-14      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                                  | Republic of Uzbekistan International Bond                                       | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    1500000 | PA      | $1480156.01   | 0.20%             | 2029-02-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARMENIA                                     | Republic of Armenia International Bond                                          | CUSIP: 000000000<br>LEI: 5299000H77JSW90G7935 | Long             | DBT              | NUSS              | AM        |    1000000 | PA      | $919591.19    | 0.13%             | 2029-09-26      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                       | Lebanon Government International Bond                                           | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    1700000 | PA      | $313650.00    | 0.04%             | 2022-10-04      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bond                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    2200000 | PA      | $2186848.07   | 0.30%             | 2027-11-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                     | Ecuador Government International Bond                                           | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    6399453 | PA      | $4777191.66   | 0.66%             | 2035-07-31      | Variable      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| Bahrain Government International Bonds                  | Bahrain Government International Bond                                           | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    2500000 | PA      | $2328623.00   | 0.32%             | 2033-01-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bond                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    5800000 | PA      | $5450212.61   | 0.75%             | 2032-05-29      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| NBK TIER 1 LTD                                          | NBK Tier 1 Ltd                                                                  | CUSIP: 000000000<br>LEI: 5493000G4QCCEE8YHF19 | Long             | DBT              | CORP              | AE        |    1500000 | PA      | $1462104.06   | 0.20%             | 2026-08-24      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Pakistan Global Sukuk Programme Co. Ltd.                | Pakistan Global Sukuk Programme Co. Ltd.                                        | CUSIP: 000000000<br>LEI: 213800X5OY6CVYNY1M70 | Long             | DBT              | NUSS              | PK        |     700000 | PA      | $703850.00    | 0.10%             | 2029-01-31      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Zambia Government International Bonds                   | Zambia Government International Bond                                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |    1484857 | PA      | $1381888.92   | 0.19%             | 2033-06-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Zambia Government International Bonds                   | Zambia Government International Bond                                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     399711 | PA      | $292391.63    | 0.04%             | 2053-12-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                | OCP SA                                                                          | CUSIP: 000000000<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    1500000 | PA      | $1356489.38   | 0.19%             | 2031-06-23      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| QatarEnergy                                             | QatarEnergy                                                                     | CUSIP: 000000000<br>LEI: 254900QTESJKJ3P87J26 | Long             | DBT              | CORP              | QA        |    2000000 | PA      | $1495995.00   | 0.21%             | 2041-07-12      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| IND & COMM BK OF CHINA                                  | Industrial & Commercial Bank of China Ltd                                       | CUSIP: 000000000<br>LEI: 5493002ERZU2K9PZDL40 | Long             | DBT              | CORP              | CN        |    1000000 | PA      | $982125.45    | 0.14%             | 2026-09-24      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bond                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    2250000 | PA      | $2188225.22   | 0.30%             | 2028-09-28      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| PROVINCIA DE BUENOS AIRE                                | Provincia de Buenos Aires/Government Bonds                                      | CUSIP: 000000000<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |    5363130 | PA      | $3782615.59   | 0.52%             | 2037-09-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Hazine Mustesarligi Varlik Kiralama AS                  | Hazine Mustesarligi Varlik Kiralama AS                                          | CUSIP: 000000000<br>LEI: 6354003QFJP7RDXEOZ20 | Long             | DBT              | NUSS              | TR        |    2600000 | PA      | $2662199.75   | 0.37%             | 2027-02-24      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| OTP BANK NYRT                                           | OTP Bank Nyrt                                                                   | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | DBT              | CORP              | HU        |    1500000 | PA      | $1611385.62   | 0.22%             | 2033-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| TURK TELEKOMUNIKASYON AS                                | Turk Telekomunikasyon AS                                                        | CUSIP: 000000000<br>LEI: 789000A2TXOI10JZLF90 | Long             | DBT              | CORP              | TR        |    2200000 | PA      | $2268464.81   | 0.31%             | 2029-05-20      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Ghana Government International Bonds                    | Ghana Government International Bonds                                            | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    2500000 | PA      | $2375590.48   | 0.33%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                   | Sri Lanka Government International Bond                                         | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    4000000 | PA      | $3590000.00   | 0.50%             | 2030-01-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                   | Sri Lanka Government International Bond                                         | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    4000000 | PA      | $3271456.76   | 0.45%             | 2033-03-15      | Variable      | 3.35%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                   | Sri Lanka Government International Bond                                         | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    2190000 | PA      | $2075025.00   | 0.29%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                 | Romanian Government International Bond                                          | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    3300000 | PA      | $3880632.81   | 0.54%             | 2039-07-11      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LT                                | Shimao Group Holdings Ltd                                                       | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |    1207489 | PA      | $84524.23     | 0.01%             | 2031-07-21      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LT                                | Shimao Group Holdings Ltd                                                       | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |     224808 | PA      | $11240.40     | 0.00%             | 2032-07-21      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| AKBANK TAS                                              | Akbank TAS                                                                      | CUSIP: 00971YAK6<br>LEI: 789000TUMN63Z28TJ497 | Long             | DBT              | CORP              | TR        |    2000000 | PA      | $2075242.16   | 0.29%             | 2029-03-14      | Fixed         | 9.37%                 | Yes           |                  2 | On Loan: No      |
| AZUL SECURED FINANCE LLP                                | Azul Secured Finance LLP                                                        | CUSIP: 05501WAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     198485 | PA      | $2588.24      | 0.00%             | 2030-08-28      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| IVANHOE MINES LTD                                       | Ivanhoe Mines Ltd                                                               | CUSIP: 46579RAE4<br>LEI: 5299006XZISURYIA4G32 | Long             | DBT              | CORP              | CA        |     200000 | PA      | $201152.20    | 0.03%             | 2030-01-23      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                             | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    6500000 | PA      | $6506625.71   | 0.90%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                             | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    3000000 | PA      | $2954051.10   | 0.41%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                       | Vedanta Resources Finance II PLC                                                | CUSIP: 92243XAM3<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     300000 | PA      | $295843.25    | 0.04%             | 2030-07-24      | Fixed         | 9.48%                 | Yes           |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                       | Lebanon Government International Bond                                           | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    1000000 | PA      | $184500.00    | 0.03%             | 2023-01-27      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ALFA BANK (ALFA BOND)                                   | Alfa Bank AO Via Alfa Bond Issuance PLC                                         | CUSIP: 000000000<br>LEI: 54930015QM0G7XTNYR27 | Long             | DBT              | CORP              | IE        |    2300000 | PA      | $115000.00    | 0.02%             | 2030-04-15      | Fixed         | 5.95%                 | No            |                  3 | On Loan: No      |
| AEROPUERTOS DOMINICANOS                                 | Aeropuertos Dominicanos Siglo XXI SA                                            | CUSIP: 007866AE6<br>LEI: 254900KJA5MXNPYB4W32 | Long             | DBT              | CORP              | DO        |     200000 | PA      | $206554.00    | 0.03%             | 2034-06-30      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ANTOFAGASTA PLC                                         | Antofagasta PLC                                                                 | CUSIP: 03718NAC0<br>LEI: 213800MY6QVH4FVLD628 | Long             | DBT              | CORP              | GB        |    1000000 | PA      | $1047391.00   | 0.14%             | 2034-05-02      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                   | Argentine Republic Government International Bond                                | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   13108701 | PA      | $10138138.11  | 1.40%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                   | Argentine Republic Government International Bond                                | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    9400000 | PA      | $5719900.00   | 0.79%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| AZUL SECURED FINANCE LLP                                | Azul Secured Finance LLP                                                        | CUSIP: 05501WAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     300732 | PA      | $65240.80     | 0.01%             | 2028-08-28      | Fixed         | 11.93%                | No            |                  2 | On Loan: No      |
| BAIDU INC                                               | Baidu Inc                                                                       | CUSIP: 056752AR9<br>LEI: 254900AL64IANZYI1E02 | Long             | DBT              | CORP              | KY        |    1700000 | PA      | $1625208.70   | 0.22%             | 2030-04-07      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| BANC CREDITO INVERSIONES                                | Banco de Credito e Inversiones SA                                               | CUSIP: 05890MAC7<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |     500000 | PA      | $537720.00    | 0.07%             | 2029-05-08      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                                  | CUSIP: 10554TAJ4<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |     400000 | PA      | $284800.00    | 0.04%             | 2034-10-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazilian Government International Bond                                         | CUSIP: 105756CE8<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    5500000 | PA      | $4930126.69   | 0.68%             | 2031-09-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazilian Government International Bond                                         | CUSIP: 105756CH1<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    1700000 | PA      | $1681045.00   | 0.23%             | 2034-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazilian Government International Bond                                         | CUSIP: 105756CJ7<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    5183000 | PA      | $4975679.38   | 0.69%             | 2054-05-13      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bond                                          | CUSIP: 195325BK0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    4500000 | PA      | $4397580.00   | 0.61%             | 2037-09-18      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bond                                          | CUSIP: 195325CU7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    4000000 | PA      | $2790000.00   | 0.39%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bond                                          | CUSIP: 195325EF8<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    6000000 | PA      | $6321000.00   | 0.87%             | 2033-04-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bond                                          | CUSIP: 195325EG6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    2013000 | PA      | $2041182.00   | 0.28%             | 2034-02-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bond                                          | CUSIP: 195325EP6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    3900000 | PA      | $3888300.00   | 0.54%             | 2036-11-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bond                                          | CUSIP: 195325ES0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     700000 | PA      | $740950.00    | 0.10%             | 2035-04-25      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CIA DE MINAS BUENAVENTUR                                | Cia de Minas Buenaventura SAA                                                   | CUSIP: 204448AB0<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | DBT              | CORP              | PE        |     500000 | PA      | $511925.00    | 0.07%             | 2032-02-04      | Fixed         | 6.80%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED EUR / SOLD USD                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | XX        |          1 | NC      | $1411.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                     | PURCHASED USD / SOLD CLP                                                        | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $15354.89     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED BRL / SOLD USD                                                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | BR        |          1 | NC      | $-9942.66     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                     | PURCHASED USD / SOLD PEN                                                        | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $4530.94      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED CNY / SOLD USD                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | CN        |          1 | NC      | $-1011.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                                    | CUSIP: 279158AJ8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    1000000 | PA      | $709711.86    | 0.10%             | 2045-05-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                                    | CUSIP: 279158AN9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    5000000 | PA      | $5008145.00   | 0.69%             | 2030-04-29      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                      | Bahrain Government International Bond                                           | CUSIP: 05675M2C7<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    1000000 | PA      | $1050349.45   | 0.15%             | 2030-05-14      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                                    | CUSIP: 279158AT6<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    2300000 | PA      | $2469618.68   | 0.34%             | 2029-01-19      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                 | El Salvador Government International Bond                                       | CUSIP: 283875CE0<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    1500000 | PA      | $1587690.00   | 0.22%             | 2030-04-17      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                 | El Salvador Government International Bond                                       | CUSIP: 283875CG5<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     650000 | PA      | $669500.00    | 0.09%             | 2054-11-21      | Fixed         | 9.65%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF JORDAN                                       | Jordan Government International Bond                                            | CUSIP: 418097AL5<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    1300000 | PA      | $1261152.40   | 0.17%             | 2030-07-07      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| HONDURAS GOVERNMENT                                     | Honduras Government International Bond                                          | CUSIP: 438180AK7<br>LEI: 5493002DW1JNBNG17615 | Long             | DBT              | NUSS              | HN        |    1200000 | PA      | $1252800.00   | 0.17%             | 2034-11-27      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| INVEST ENERGY RES LTD                                   | Investment Energy Resources Ltd                                                 | CUSIP: 46143NAB6<br>LEI: 254900A71Y7WHN7L5K89 | Long             | DBT              | CORP              | BM        |    1400000 | PA      | $1375699.99   | 0.19%             | 2029-04-26      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Israel Electric Corp Ltd                                | Israel Electric Corp Ltd                                                        | CUSIP: 465077AL9<br>LEI: 254900JW7GE35YNJGJ55 | Long             | DBT              | CORP              | IL        |     100000 | PA      | $97868.75     | 0.01%             | 2028-08-14      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                       | Kenya Government International Bond                                             | CUSIP: 491798AL8<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     600000 | PA      | $493520.68    | 0.07%             | 2034-01-23      | Fixed         | 6.30%                 | Yes           |                  2 | On Loan: No      |
| MC BRAZIL DWNSTRM                                       | MC Brazil Downstream Trading SARL                                               | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |    1368313 | PA      | $1117911.93   | 0.15%             | 2031-06-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Federated Hermes Government Obligations Fund            | Federated Hermes Government Obligations Fund                                    | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |   12706569 | NS      | $12706569.12  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| NBK TIER 1 LTD                                          | NBK Tier 1 Ltd                                                                  | CUSIP: 62879NAB3<br>LEI: 5493000G4QCCEE8YHF19 | Long             | DBT              | CORP              | AE        |     800000 | PA      | $812144.00    | 0.11%             | 2031-01-10      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Pampa Energia SA                                        | Pampa Energia SA                                                                | CUSIP: 697660207<br>LEI: 254900QNIK0CVURGML24 | Long             | EC               | CORP              | AR        |       8154 | NS      | $620111.70    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| INDONESIA GOVT SUKUK                                    | Perusahaan Penerbit SBSN Indonesia III                                          | CUSIP: 71567WAB1<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |     900000 | PA      | $902926.16    | 0.12%             | 2035-07-23      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                             | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    2500000 | PA      | $2384558.50   | 0.33%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance BV                             | Petrobras Global Finance BV                                                     | CUSIP: 71647NBL2<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    9100000 | PA      | $8833688.50   | 1.22%             | 2035-01-13      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                             | CUSIP: 71654QCK6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    3350000 | PA      | $3268377.02   | 0.45%             | 2028-02-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                             | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    6000000 | PA      | $5090331.78   | 0.70%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                             | CUSIP: 71654QDP4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    1500000 | PA      | $1673602.13   | 0.23%             | 2033-02-07      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                    | Petronas Capital Ltd                                                            | CUSIP: 716743AR0<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |     200000 | PA      | $170476.48    | 0.02%             | 2050-04-21      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| PROVINCIA DE CORDOBA                                    | Provincia de Cordoba                                                            | CUSIP: 74408DAF1<br>LEI: 5299006CLM2Z97AATT29 | Long             | DBT              | NUSS              | AR        |     562000 | PA      | $567620.00    | 0.08%             | 2032-07-02      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| BHARTI AIRTEL LTD                                       | Bharti Airtel Ltd                                                               | CUSIP: 08860HAC8<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | DBT              | CORP              | IN        |     750000 | PA      | $695179.51    | 0.10%             | 2031-06-03      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Bank of New York Mellon                                 | PURCHASED SGD / SOLD USD                                                        | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | SG        |          1 | NC      | $-1268.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SASOL Financing USA LLC                                 | SASOL Financing USA LLC                                                         | CUSIP: 80386WAB1<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    1900000 | PA      | $1842072.42   | 0.25%             | 2028-09-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                      | Serbia International Bond                                                       | CUSIP: 817477AH5<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    1100000 | PA      | $1160916.57   | 0.16%             | 2033-09-26      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SIERRACOL ENRGY ANDINA                                  | SierraCol Energy Andina LLC                                                     | CUSIP: 82653LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     500000 | PA      | $469547.55    | 0.06%             | 2028-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| SIMPAR EUROPE SA                                        | Simpar Europe SA                                                                | CUSIP: 82883PAA2<br>LEI: 54930068BSUST41D5C30 | Long             | DBT              | CORP              | LU        |    1100000 | PA      | $881375.00    | 0.12%             | 2031-01-26      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bond                          | CUSIP: 836205AX2<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    1300000 | PA      | $974676.74    | 0.13%             | 2047-09-27      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                | Republic of South Africa Government International Bond                          | CUSIP: 836205AZ7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     600000 | PA      | $484548.38    | 0.07%             | 2048-06-22      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| TURKCELL ILETISIM HIZMET                                | Turkcell Iletisim Hizmetleri AS                                                 | CUSIP: 900111AC9<br>LEI: 7890003EX1LTLS2FFL84 | Long             | DBT              | CORP              | TR        |    3000000 | PA      | $3084617.58   | 0.43%             | 2030-01-24      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                            | CUSIP: 900123CG3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    4900000 | PA      | $4235493.75   | 0.59%             | 2045-02-17      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED CLP / SOLD USD                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | CL        |          1 | NC      | $-15962.94    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                             | PURCHASED EGP / SOLD USD                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |          1 | NC      | $5352.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                      | PURCHASED CLP / SOLD USD                                                        | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | CL        |          1 | NC      | $-2354.62     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EMPRESA ELECTRICA COCHRA                                | Empresa Electrica Cochrane SpA                                                  | CUSIP: 29246XAB6<br>LEI: 5493000S11JF8TJHYT07 | Long             | DBT              | CORP              | CL        |     775750 | PA      | $769026.57    | 0.11%             | 2027-05-14      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FS LUXEMBOURG SARL                                      | FS Luxembourg Sarl                                                              | CUSIP: 30315XAC8<br>LEI: 222100EKR3JUJPGGOY81 | Long             | DBT              | CORP              | LU        |     300000 | PA      | $311560.20    | 0.04%             | 2031-02-12      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Republic of Paraguay                                    | Paraguay Government International Bond                                          | CUSIP: 699149AH3<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    4000000 | PA      | $3480000.00   | 0.48%             | 2050-03-30      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                             | CUSIP: 71654QAZ5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    1250000 | PA      | $990931.51    | 0.14%             | 2041-06-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF RWANDA                                      | Rwanda International Government Bond                                            | CUSIP: 78347YAL7<br>LEI: 213800DQC28OBRZDYJ87 | Long             | DBT              | NUSS              | RW        |     900000 | PA      | $783023.29    | 0.11%             | 2031-08-09      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bond                          | CUSIP: 836205BA1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    1800000 | PA      | $1734481.76   | 0.24%             | 2029-09-30      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | Ukraine Government International Bond                                           | CUSIP: 903724CC4<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    1028864 | PA      | $507227.62    | 0.07%             | 2036-02-01      | Variable      | 1.75%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                                     | Turkiye Government International Bond                                           | CUSIP: 900123DC1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    7200000 | PA      | $6904664.14   | 0.96%             | 2031-06-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Republic of Turkiye                                     | Republic of Turkiye                                                             | CUSIP: 900123DN7<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    2500000 | PA      | $2393811.68   | 0.33%             | 2035-01-03      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                       | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    3000000 | PA      | $2400120.00   | 0.33%             | 2041-10-07      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| FIN DEPT GOVT SHARJAH                                   | Finance Department Government of Sharjah                                        | CUSIP: 000000000<br>LEI: 254900ZNL8O3F1CLJO24 | Long             | DBT              | NUSS              | AE        |     800000 | PA      | $547939.42    | 0.08%             | 2051-03-10      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                | Sri Lanka Government International Bonds                                        | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    3000000 | PA      | $2126118.42   | 0.29%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | Ukraine Government International Bond                                           | CUSIP: 903724CD2<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     529527 | PA      | $246549.25    | 0.03%             | 2030-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | Ukraine Government International Bond                                           | CUSIP: 903724CG5<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    1393498 | PA      | $644295.19    | 0.09%             | 2036-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                       | Vedanta Resources Finance II PLC                                                | CUSIP: 92243XAH4<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     700000 | PA      | $717053.74    | 0.10%             | 2029-09-17      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                    | YPF SA                                                                          | CUSIP: 984245AX8<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |     985000 | PA      | $1042942.63   | 0.14%             | 2031-01-17      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Argentina Bonar Bonds                                   | Argentina Bonar Bonds                                                           | CUSIP: 000000000<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    8478633 | PA      | $5060980.70   | 0.70%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                | Brazil Notas do Tesouro Nacional Serie F                                        | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    2500000 | PA      | $374131.85    | 0.05%             | 2033-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                                 | Energian Israel Finance Ltd                                                     | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |     500000 | PA      | $468693.61    | 0.06%             | 2031-03-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Unifin Financiera SAB de CV                             | Unifin Financiera SAB de CV                                                     | CUSIP: 000000000<br>LEI: 5493007GRMPGDJG93Z17 | Long             | EC               | CORP              | MX        |      67865 | NS      | $7897.52      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ENFRAGEN ENERGIA SUR SA                                 | EnfraGen Energia Sur SA / EnfraGen Spain SA / Prime Energia SpA                 | CUSIP: 000000000<br>LEI: 2549002TO75PYMY3VY07 | Long             | DBT              | CORP              | ES        |     800000 | PA      | $728979.78    | 0.10%             | 2030-12-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CSN ISLANDS XI CORP                                     | CSN Inova Ventures                                                              | CUSIP: 000000000<br>LEI: 222100R8R68DM7VM3661 | Long             | DBT              | CORP              | KY        |    1800000 | PA      | $1715346.36   | 0.24%             | 2028-01-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GEOPARK LTD                                             | Geopark Ltd                                                                     | CUSIP: 000000000<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | BM        |     400000 | PA      | $346126.00    | 0.05%             | 2030-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                                  | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    2900000 | PA      | $2061674.29   | 0.29%             | 2030-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GREENKO DUTCH BV                                        | Greenko Dutch BV                                                                | CUSIP: 000000000<br>LEI: 724500PT585P4JPVRP08 | Long             | DBT              | CORP              | NL        |    1760000 | PA      | $1735777.05   | 0.24%             | 2026-03-29      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| MV24 CAPITAL BV                                         | MV24 Capital BV                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |     878784 | PA      | $875303.80    | 0.12%             | 2034-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| El Salvador Government International Bonds              | El Salvador Government International Bonds                                      | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     800000 | PA      | $808000.00    | 0.11%             | 2052-07-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH OF BAHAMAS                                 | Bahamas Government International Bond                                           | CUSIP: 000000000<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |    1000000 | PA      | $1061000.00   | 0.15%             | 2032-10-15      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| BANCO NACIONAL COM EXT                                  | Banco Nacional de Comercio Exterior SNC/Cayman Islands                          | CUSIP: 000000000<br>LEI: 4469000001BL6VG3DH44 | Long             | DBT              | CORP              | MX        |    2000000 | PA      | $1929092.60   | 0.27%             | 2031-08-11      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| BONO GAR PROV DEL CHUBUT                                | Provincia del Chubut Argentina                                                  | CUSIP: 000000000<br>LEI: 529900V5CYYSD8ADKQ03 | Long             | DBT              | NUSS              | AR        |     243917 | PA      | $235989.36    | 0.03%             | 2030-07-26      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bonds               | Costa Rica Government International Bonds                                       | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    2000000 | PA      | $2050000.00   | 0.28%             | 2031-02-19      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bonds               | Costa Rica Government International Bond                                        | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    3000000 | PA      | $3133830.00   | 0.43%             | 2034-04-03      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                    | YPF SA                                                                          | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    1000000 | PA      | $855563.10    | 0.12%             | 2047-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GMR HYDERABAD INTERNATIO                                | GMR Hyderabad International Airport Ltd                                         | CUSIP: 000000000<br>LEI: 335800NSPGIN89SVOU83 | Long             | DBT              | CORP              | IN        |    1250000 | PA      | $1221567.73   | 0.17%             | 2027-10-27      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JSW STEEL LTD                                           | JSW Steel Ltd                                                                   | CUSIP: 000000000<br>LEI: 335800EK6HZSC4CVAJ09 | Long             | DBT              | CORP              | IN        |    1550000 | PA      | $1457173.45   | 0.20%             | 2032-04-05      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                             | Ivory Coast Government International Bond                                       | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    1340835 | PA      | $1282376.64   | 0.18%             | 2032-12-31      | Variable      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| IVORY COAST                                             | Ivory Coast Government International Bond                                       | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     800000 | PA      | $740147.98    | 0.10%             | 2033-06-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| Oman Government International Bonds                     | Oman Government International Bond                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    1900000 | PA      | $2036138.67   | 0.28%             | 2048-01-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bond                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    1000000 | PA      | $974061.06    | 0.13%             | 2030-02-23      | Fixed         | 7.14%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bond                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    1200000 | PA      | $987229.03    | 0.14%             | 2049-03-01      | Fixed         | 8.70%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     500000 | PA      | $531555.53    | 0.07%             | 2031-04-11      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                     | Ecuador Government International Bond                                           | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     800000 | PA      | $572800.00    | 0.08%             | 2030-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COUNTRY GARDEN HLDGS                                    | Country Garden Holdings Co Ltd                                                  | CUSIP: 000000000<br>LEI: 549300MGHLPT1EFHGF84 | Long             | DBT              | CORP              | KY        |    1000000 | PA      | $90000.00     | 0.01%             | 2031-01-12      | Fixed         | 3.30%                 | Yes           |                  2 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                                | Yapi ve Kredi Bankasi AS                                                        | CUSIP: 000000000<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |     700000 | PA      | $705129.29    | 0.10%             | 2031-01-22      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Pakistan Government International Bonds                 | Pakistan Government International Bonds                                         | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |    2300000 | PA      | $2149576.62   | 0.30%             | 2031-04-08      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BOI FINANCE BV                                          | BOI Finance BV                                                                  | CUSIP: 000000000<br>LEI: 724500ZH3H2YACBUNF38 | Long             | DBT              | CORP              | NL        |    1500000 | PA      | $1755532.51   | 0.24%             | 2027-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HAZINE MUSTESARL                                        | Hazine Mustesarligi Varlik Kiralama AS                                          | CUSIP: 000000000<br>LEI: 6354003QFJP7RDXEOZ20 | Long             | DBT              | NUSS              | TR        |    2600000 | PA      | $2593049.26   | 0.36%             | 2026-06-22      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                         | IHS Holding Ltd                                                                 | CUSIP: 000000000<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    1600000 | PA      | $1582193.66   | 0.22%             | 2026-11-29      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                  | Romanian Government International Bond                                          | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     500000 | PA      | $436571.73    | 0.06%             | 2032-03-27      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| MASHREQBANK PSC                                         | Mashreqbank PSC                                                                 | CUSIP: 000000000<br>LEI: 5493000SA3K24EQKA103 | Long             | DBT              | CORP              | AE        |    1000000 | PA      | $1055375.00   | 0.15%             | 2033-02-24      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LT                                | Shimao Group Holdings Ltd                                                       | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |     194716 | PA      | $14408.98     | 0.00%             | 2026-07-21      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| ACU PETROLEO LUXEMBOURG                                 | Acu Petroleo Luxembourg Sarl                                                    | CUSIP: 00110RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     884195 | PA      | $891165.13    | 0.12%             | 2032-01-13      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Arab Republic of Egypt                                  | Egypt Government International Bond                                             | CUSIP: 03846JW71<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    1600000 | PA      | $1608790.96   | 0.22%             | 2029-03-01      | Fixed         | 7.60%                 | Yes           |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                             | CUSIP: 03846JX21<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    1700000 | PA      | $1558969.16   | 0.22%             | 2032-01-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                             | CUSIP: 03846JX54<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     400000 | PA      | $375787.93    | 0.05%             | 2032-05-29      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                   | Argentine Republic Government International Bond                                | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    1840000 | PA      | $1494080.00   | 0.21%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| AXIAN TELE HOLD PLC                                     | Axian Telecom Holding & Management PLC                                          | CUSIP: 05465QAA7<br>LEI: 984500B7DCD97EB04857 | Long             | DBT              | CORP              | AE        |    1200000 | PA      | $1204911.26   | 0.17%             | 2030-07-11      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                      | Bahrain Government International Bond                                           | CUSIP: 05675M2G8<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    2600000 | PA      | $2419597.91   | 0.33%             | 2033-01-25      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                      | Bahrain Government International Bond                                           | CUSIP: 05675M2J2<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    1300000 | PA      | $1212767.34   | 0.17%             | 2034-05-18      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BANCO DO BRASIL (CAYMAN)                                | Banco do Brasil SA/Cayman                                                       | CUSIP: 059578AK0<br>LEI: QE0Q0253K88YAGNPE356 | Long             | DBT              | CORP              | BR        |     500000 | PA      | $507729.17    | 0.07%             | 2031-03-18      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| BANCO MACRO SA                                          | Banco Macro SA                                                                  | CUSIP: 05963GAK4<br>LEI: 579100KKDKKIFEBKK040 | Long             | DBT              | CORP              | AR        |     500000 | PA      | $502100.00    | 0.07%             | 2029-06-23      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| BANCO INDUSTRIAL SA                                     | Banco Industrial SA/Guatemala                                                   | CUSIP: 05991CAA1<br>LEI: 529900GF99QF67JEQU85 | Long             | DBT              | CORP              | GT        |     500000 | PA      | $498125.00    | 0.07%             | 2031-01-29      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bond                                          | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    1500000 | PA      | $1537500.00   | 0.21%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                    | Colombia Government International Bond                                          | CUSIP: 195325EM3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    5000000 | PA      | $5075000.00   | 0.70%             | 2053-11-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                             | PURCHASED GBP / SOLD AUD                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | GB        |          1 | NC      | $243.46       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                                 | PURCHASED EGP / SOLD USD                                                        | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | EG        |          1 | NC      | $20568.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED BRL / SOLD USD                                                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | BR        |          1 | NC      | $3728.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                  | PURCHASED USD / SOLD PEN                                                        | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | US        |          1 | NC      | $-2737.19     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                        | PURCHASED INR / SOLD USD                                                        | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | IN        |          1 | NC      | $-1753.19     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                        | PURCHASED KRW / SOLD USD                                                        | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | KR        |          1 | NC      | $-675.90      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                       | Ghana Government International Bond                                             | CUSIP: 374422AM5<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    3427800 | PA      | $3257466.72   | 0.45%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GUARA NORTE SARL                                        | Guara Norte Sarl                                                                | CUSIP: 400666AA1<br>LEI: 549300U2I4L03BBA3485 | Long             | DBT              | CORP              | LU        |    1536580 | PA      | $1492220.47   | 0.21%             | 2034-06-15      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| IHS HOLDING LTD                                         | IHS Holding Ltd                                                                 | CUSIP: 44963HAD7<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    1100000 | PA      | $1125637.36   | 0.16%             | 2031-11-29      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| IHS MAURITIUS NG HOLDCO                                 | IHS Netherlands Holdco BV                                                       | CUSIP: 44963LAC0<br>LEI: 5493006Z6YQYCCN2XI74 | Long             | DBT              | CORP              | NL        |     824970 | PA      | $830177.44    | 0.11%             | 2027-09-18      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| MEDCO LAUREL TREE                                       | Medco Laurel Tree Pte Ltd                                                       | CUSIP: 58406RAA6<br>LEI: 254900SX7FFGRREZD046 | Long             | DBT              | CORP              | SG        |     898000 | PA      | $899133.63    | 0.12%             | 2028-11-12      | Fixed         | 6.95%                 | Yes           |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                | OCP SA                                                                          | CUSIP: 67091TAE5<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    3800000 | PA      | $2927060.20   | 0.41%             | 2051-06-23      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                    | Paraguay Government International Bond                                          | CUSIP: 699149AK6<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    1500000 | PA      | $1279500.00   | 0.18%             | 2033-01-29      | Fixed         | 2.74%                 | Yes           |                  2 | On Loan: No      |
| SCOTIABANK PERU SA                                      | Scotiabank Peru SAA                                                             | CUSIP: 80928HAB9<br>LEI: 5493001E54CPRG5J5Q41 | Long             | DBT              | CORP              | PE        |    1900000 | PA      | $1939710.00   | 0.27%             | 2035-10-01      | Fixed         | 6.10%                 | Yes           |                  2 | On Loan: No      |
| TEVA PHARM FIN CO LLC                                   | Teva Pharmaceutical Finance Co LLC                                              | CUSIP: 88163VAD1<br>LEI: 5493006PITD7MU7WW480 | Long             | DBT              | CORP              | US        |     200000 | PA      | $203448.32    | 0.03%             | 2036-02-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                                     | TURKEY GOVERNMENT INTERNATIONAL BOND                                            | CUSIP: 900123CB4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    5000000 | PA      | $3572163.95   | 0.49%             | 2043-04-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                            | CUSIP: 900123CY4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    2400000 | PA      | $2293162.94   | 0.32%             | 2030-03-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ESC CB144A UNIFIN FINA                                  | ESC CB144A UNIFIN FINA                                                          | CUSIP: 904ESCAN0<br>LEI: 5493007GRMPGDJG93Z17 | Long             | DBT              | CORP              | MX        |     500000 | PA      | $15650.00     | 0.00%             | 2029-01-28      | Fixed         | 9.88%                 | Yes           |                  3 | On Loan: No      |
| VIVO ENERGY INVESTMENTS                                 | Vivo Energy Investments BV                                                      | CUSIP: 92856HAB0<br>LEI: 724500P3OXMB2IERLM56 | Long             | DBT              | CORP              | NL        |     700000 | PA      | $691948.14    | 0.10%             | 2027-09-24      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| YINSON BERGENIA PRODUCTI                                | Yinson Bergenia Production BV                                                   | CUSIP: 98585VAA6<br>LEI: 549300JDIAWKPMZD5256 | Long             | DBT              | CORP              | NL        |     450000 | PA      | $464711.60    | 0.06%             | 2045-01-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                | First Quantum Minerals Ltd                                                      | CUSIP: 000000000<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    3062000 | PA      | $3069364.11   | 0.42%             | 2027-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD / BORR FIN                                 | Borr IHC Ltd / Borr Finance LLC                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    1336280 | PA      | $1283481.69   | 0.18%             | 2028-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Energuate Trust                                         | Energuate Trust                                                                 | CUSIP: 000000000<br>LEI: 549300RVM37LH8GY7E41 | Long             | DBT              | CORP              | KY        |    1200000 | PA      | $1194390.00   | 0.17%             | 2027-05-03      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION OIL SA                                    | NewCo Holding USD 20 Sarl                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     400000 | PA      | $410148.00    | 0.06%             | 2029-11-07      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                                  | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    2250000 | PA      | $1341331.31   | 0.19%             | 2050-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EMBRAER NETHERLANDS FINA                                | Embraer Netherlands Finance BV                                                  | CUSIP: 000000000<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |     750000 | PA      | $804126.75    | 0.11%             | 2030-07-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| El Salvador Government International Bonds              | El Salvador Government International Bond                                       | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    1000000 | PA      | $815500.00    | 0.11%             | 2050-01-20      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BRF SA                                                  | BRF SA                                                                          | CUSIP: 000000000<br>LEI: 254900MTXR9LUVQFU480 | Long             | DBT              | CORP              | BR        |    1500000 | PA      | $1441952.85   | 0.20%             | 2030-01-24      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                          | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     500000 | PA      | $525825.00    | 0.07%             | 2044-04-30      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bond                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    2950000 | PA      | $2478885.00   | 0.34%             | 2060-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bond                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    1400000 | PA      | $1389010.00   | 0.19%             | 2033-02-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bolivia Government International Bonds                  | Bolivian Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900TGIRPY3SZXEB56 | Long             | DBT              | NUSS              | BO        |    1300000 | PA      | $991419.00    | 0.14%             | 2028-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                       | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    1000000 | PA      | $993990.00    | 0.14%             | 2029-08-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                       | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    1250000 | PA      | $1337637.50   | 0.19%             | 2032-10-04      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| ITAU UNIBANCO HLDG SA/KY                                | Itau Unibanco Holding SA/Cayman Island                                          | CUSIP: 000000000<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | DBT              | CORP              | BR        |     200000 | PA      | $200557.22    | 0.03%             | 2025-08-27      | Fixed         | 7.56%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                                | Uruguay Government International Bond                                           | CUSIP: 000000000<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |   30000000 | PA      | $746883.98    | 0.10%             | 2028-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                    | Samarco Mineracao SA                                                            | CUSIP: 000000000<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |    1022650 | PA      | $1013426.01   | 0.14%             | 2031-06-30      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Venezuela Government International Bonds                | Venezuela Government International Bond                                         | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |    1000000 | PA      | $195100.00    | 0.03%             | 2038-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ADANI PORTS AND SPECIAL                                 | Adani Ports & Special Economic Zone Ltd                                         | CUSIP: 000000000<br>LEI: 335800QOAXP5TM7OYP69 | Long             | DBT              | CORP              | IN        |     300000 | PA      | $258589.26    | 0.04%             | 2032-02-02      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| DELHI INTL AIRPORT                                      | Delhi International Airport Ltd                                                 | CUSIP: 000000000<br>LEI: 335800HBF5DARYMEUD12 | Long             | DBT              | CORP              | IN        |    1315000 | PA      | $1355506.93   | 0.19%             | 2029-06-04      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                     | Oman Government International Bond                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    1600000 | PA      | $1680038.90   | 0.23%             | 2047-03-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Republic of Azerbaijan International Bonds              | Republic of Azerbaijan International Bond                                       | CUSIP: 000000000<br>LEI: 549300P74FF45UQVU281 | Long             | DBT              | NUSS              | AZ        |     800000 | PA      | $727870.36    | 0.10%             | 2032-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                     | Nigeria Government International Bonds                                          | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    1750000 | PA      | $1420546.94   | 0.20%             | 2047-11-28      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| CHINA OVERSEAS FIN                                      | CHINA OVERSEAS FIN COMPANY GUAR REGS 04/28 4.75                                 | CUSIP: 000000000<br>LEI: 3003003EQA2BE4U94Y86 | Long             | DBT              | CORP              | KY        |    1700000 | PA      | $1698752.35   | 0.24%             | 2028-04-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Eskom Holdings SOC Ltd                                  | Eskom Holdings SOC Ltd                                                          | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    4700000 | PA      | $4969270.38   | 0.69%             | 2028-08-10      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| Eskom Holdings SOC Ltd.                                 | Eskom Holdings SOC Ltd                                                          | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |     900000 | PA      | $918528.68    | 0.13%             | 2028-08-10      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                     | Ecuador Government International Bond                                           | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    4440000 | PA      | $2777220.00   | 0.38%             | 2040-07-31      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Serbia International Bonds                              | Serbia International Bond                                                       | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |     200000 | PA      | $171084.08    | 0.02%             | 2030-12-01      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                     | Oman Government International Bond                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    1500000 | PA      | $1661619.21   | 0.23%             | 2051-01-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                    | Saudi Government International Bonds                                            | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    1500000 | PA      | $934174.08    | 0.13%             | 2061-02-02      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Pakistan Government International Bonds                 | Pakistan Government International Bonds                                         | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |    2300000 | PA      | $2290910.45   | 0.32%             | 2026-04-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SENEGAL                                     | Senegal Government International Bond                                           | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |    2500000 | PA      | $1895830.72   | 0.26%             | 2037-06-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Abu Dhabi Government International Bonds                | Abu Dhabi Government International Bonds                                        | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |    1000000 | PA      | $660535.16    | 0.09%             | 2051-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TURKIYE VARLIK FONU                                     | Turkiye Varlik Fonu Yonetimi AS                                                 | CUSIP: 000000000<br>LEI: 789000MAPAG7J8DI3112 | Long             | DBT              | CORP              | TR        |    3600000 | PA      | $3771244.37   | 0.52%             | 2029-02-14      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                             | CUSIP: 03846JAH3<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    1300000 | PA      | $1318741.14   | 0.18%             | 2030-02-04      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| BANCO CONTINENTAL S.A.E.                                | Banco Continental SAECA                                                         | CUSIP: 059490AB8<br>LEI: 8945005Q0D60A6FCEM55 | Long             | DBT              | CORP              | PY        |    1000000 | PA      | $990984.00    | 0.14%             | 2025-12-10      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                         | CUSIP: 195325EQ4<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    1500000 | PA      | $1460115.00   | 0.20%             | 2054-11-07      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bond                                          | CUSIP: 195325ER2<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     700000 | PA      | $733250.00    | 0.10%             | 2030-04-25      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR                                | Corp Financiera de Desarrollo SA                                                | CUSIP: 21987DAG9<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |     750000 | PA      | $770130.00    | 0.11%             | 2029-04-30      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                           | CUSIP: 25714PFC7<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     500000 | PA      | $508250.00    | 0.07%             | 2055-02-24      | Fixed         | 7.15%                 | Yes           |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED EUR / SOLD USD                                                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $3555.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                             | PURCHASED AUD / SOLD GBP                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | AU        |          1 | NC      | $4689.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                             | PURCHASED CHF / SOLD AUD                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | CH        |          1 | NC      | $3587.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED JPY / SOLD USD                                                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | JP        |          1 | NC      | $-14958.02    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED INR / SOLD USD                                                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | IN        |          1 | NC      | $-1937.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                  | PURCHASED CLP / SOLD USD                                                        | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | CL        |          1 | NC      | $-2264.33     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                     | PURCHASED IDR / SOLD USD                                                        | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | ID        |          1 | NC      | $-789.24      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                                    | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    3400000 | PA      | $3568192.25   | 0.49%             | 2033-01-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                                    | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    4000000 | PA      | $3952647.20   | 0.55%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| EIG PEARL HOLDINGS SARL                                 | EIG Pearl Holdings Sarl                                                         | CUSIP: 28249NAB7<br>LEI: 549300KIMRL45BWA5H76 | Long             | DBT              | CORP              | LU        |    1200000 | PA      | $951450.00    | 0.13%             | 2046-11-30      | Fixed         | 4.39%                 | Yes           |                  2 | On Loan: No      |
| Eskom Holdings SOC Ltd                                  | Eskom Holdings SOC Ltd                                                          | CUSIP: 29646AAC0<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    2300000 | PA      | $2347495.25   | 0.32%             | 2028-08-10      | Fixed         | 6.35%                 | Yes           |                  2 | On Loan: No      |
| BOLIVIA GOVERNMENT                                      | Bolivian Government International Bond                                          | CUSIP: 29731QAC1<br>LEI: 529900TGIRPY3SZXEB56 | Long             | DBT              | NUSS              | BO        |     500000 | PA      | $381315.00    | 0.05%             | 2028-03-20      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| FORTEBANK JSC                                           | ForteBank JSC                                                                   | CUSIP: 34955XAB7<br>LEI: 529900TH5WJ6KE8N8Z35 | Long             | DBT              | CORP              | KZ        |    1000000 | PA      | $1018471.92   | 0.14%             | 2030-02-04      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| FUTURE RETAIL LTD                                       | Future Retail Ltd                                                               | CUSIP: 36118EAA0<br>LEI: 335800XO19WYIUZC9H61 | Long             | DBT              | CORP              | IN        |     800000 | PA      | $2120.00      | 0.00%             | 2025-01-22      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF GABON                                       | Gabon Government International Bond                                             | CUSIP: 362420AE1<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |    1100000 | PA      | $892168.10    | 0.12%             | 2031-11-24      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INC                                  | Gran Tierra Energy Inc                                                          | CUSIP: 38500TAC5<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |    1299000 | PA      | $1086197.40   | 0.15%             | 2029-10-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                                | Greensaif Pipelines Bidco Sarl                                                  | CUSIP: 39541EAD5<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |     500000 | PA      | $512992.89    | 0.07%             | 2036-02-23      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| INVERSIONES ATLANTIDA SA                                | Inversiones Atlantida SA                                                        | CUSIP: 46137GAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | HN        |     300000 | PA      | $295768.50    | 0.04%             | 2026-05-19      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA                                 | Latam Airlines Group SA                                                         | CUSIP: 51817RAE6<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |     550000 | PA      | $568700.00    | 0.08%             | 2031-01-07      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| LIGHT SERV ELETRICIDADE                                 | Light Servicos de Eletricidade SA                                               | CUSIP: 53222MAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | BR        |     225161 | PA      | $126653.06    | 0.02%             | 2032-12-19      | Fixed         | 4.21%                 | No            |                  3 | On Loan: No      |
| MERSIN ULUSLARARASI LIMA                                | Mersin Uluslararasi Liman Isletmeciligi AS                                      | CUSIP: 590454AC8<br>LEI: 635400DAFN6NT43HM530 | Long             | DBT              | CORP              | TR        |     500000 | PA      | $521910.90    | 0.07%             | 2028-11-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| MONGOLIA INTL BOND                                      | Mongolia Government International Bond                                          | CUSIP: 60937LAJ4<br>LEI: N/A                  | Long             | DBT              | NUSS              | MN        |     700000 | PA      | $697901.46    | 0.10%             | 2030-02-25      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC                                | Navoi Mining & Metallurgical Combinat                                           | CUSIP: 63890CAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |    2500000 | PA      | $2562106.03   | 0.35%             | 2028-10-17      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| NEMAK SAB DE CV                                         | Nemak SAB de CV                                                                 | CUSIP: 64045DAC8<br>LEI: 5493000MY3DAIB0BP706 | Long             | DBT              | CORP              | MX        |     300000 | PA      | $254411.25    | 0.04%             | 2031-06-28      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                             | CUSIP: 71654QDF6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    1875000 | PA      | $1448465.63   | 0.20%             | 2060-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                 | Romanian Government International Bond                                          | CUSIP: 77586RAU4<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     300000 | PA      | $299074.20    | 0.04%             | 2034-01-30      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                    | Samarco Mineracao SA                                                            | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |    2760216 | PA      | $2735319.71   | 0.38%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                 | Teva Pharmaceutical Finance Netherlands III BV                                  | CUSIP: 88167AAR2<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     200000 | PA      | $226480.80    | 0.03%             | 2031-09-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                            | CUSIP: 900123BJ8<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    2000000 | PA      | $1675075.92   | 0.23%             | 2041-01-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                            | CUSIP: 900123DG2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    5500000 | PA      | $6265162.86   | 0.87%             | 2033-01-19      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | Ukraine Government International Bond                                           | CUSIP: 903724CF7<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    4172198 | PA      | $1930536.97   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED                                   | Vale Overseas Ltd                                                               | CUSIP: 91911TAQ6<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |     500000 | PA      | $471758.90    | 0.07%             | 2030-07-08      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                       | Vedanta Resources Finance II PLC                                                | CUSIP: 92243XAL5<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    1700000 | PA      | $1707110.88   | 0.24%             | 2033-04-24      | Fixed         | 9.85%                 | Yes           |                  2 | On Loan: No      |
| ZORLU ENERJI ELEKTRIK                                   | Zorlu Enerji Elektrik Uretim AS                                                 | CUSIP: 98977LAA4<br>LEI: 7890005B5CSNL39OYO75 | Long             | DBT              | CORP              | TR        |     200000 | PA      | $193926.81    | 0.03%             | 2030-04-23      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| BONOS BANCO CENT ARGENT                                 | Bonos Para La Reconstruccion De Una Argentina Libre                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |    1260000 | PA      | $1206991.80   | 0.17%             | 2027-10-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Argentina Bonar Bonds                                   | Argentina Bonar Bonds                                                           | CUSIP: 000000000<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    4500000 | PA      | $3029760.00   | 0.42%             | 2038-01-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                                     | Egypt Treasury Bills                                                            | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |  445200000 | PA      | $8559746.10   | 1.18%             | 2025-10-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ISRAEL ELECTRIC CORP LTD                                | Israel Electric Corp Ltd                                                        | CUSIP: 000000000<br>LEI: 254900JW7GE35YNJGJ55 | Long             | DBT              | CORP              | IL        |     400000 | PA      | $363482.56    | 0.05%             | 2032-02-22      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Atento Luxco 1 SA                                       | Atento Luxco 1 SA                                                               | CUSIP: 000000000<br>LEI: 549300MLFF3HYCZQTC48 | Long             | EC               | CORP              | LU        |     191350 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ALSEA S.A.                                              | Alsea SAB de CV                                                                 | CUSIP: 000000000<br>LEI: 4469000001BJLPKNUN21 | Long             | DBT              | CORP              | MX        |    1000000 | PA      | $1000438.10   | 0.14%             | 2026-12-14      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                | Banco Mercantil de norte                                                        | CUSIP: 000000000<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    1000000 | PA      | $1002947.00   | 0.14%             | 2029-06-27      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                         | Cemex SAB de CV                                                                 | CUSIP: 000000000<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |     500000 | PA      | $503198.50    | 0.07%             | 2029-11-19      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| COLOMBIA TELECOMUNICACIO                                | Colombia Telecomunicaciones SA ESP                                              | CUSIP: 000000000<br>LEI: 549300CK4YN0V1C3MN55 | Long             | DBT              | CORP              | CO        |    1500000 | PA      | $1330736.55   | 0.18%             | 2030-07-17      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bond                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    5500000 | PA      | $5083650.00   | 0.70%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                       | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    1000000 | PA      | $990550.00    | 0.14%             | 2028-02-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| INSTITUTO COSTARRICENSE                                 | Instituto Costarricense de Electricidad                                         | CUSIP: 000000000<br>LEI: 5493009VA6AFUB2Q0289 | Long             | DBT              | CORP              | CR        |     850000 | PA      | $783895.50    | 0.11%             | 2043-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                    | Paraguay Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    2000000 | PA      | $1811000.00   | 0.25%             | 2033-06-28      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| Petroleos del Peru SA                                   | Petroleos del Peru SA                                                           | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |    1500000 | PA      | $1012467.90   | 0.14%             | 2047-06-19      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| TELECOM OF TRIN & TOBAGO                                | Telecommunications Services of Trinidad & Tobago Ltd                            | CUSIP: 000000000<br>LEI: 5299007N4G3EZWXAMB76 | Long             | DBT              | CORP              | TT        |    1300000 | PA      | $1311537.50   | 0.18%             | 2029-10-18      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| TELFON CELUAR DEL PARAGU                                | Telefonica Celular del Paraguay SA                                              | CUSIP: 000000000<br>LEI: 254900R8A8IKGF4THL54 | Long             | DBT              | CORP              | PY        |    1052000 | PA      | $1055966.04   | 0.15%             | 2027-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BRASKEM AMERICA FINANCE                                 | Braskem America Finance Co                                                      | CUSIP: 000000000<br>LEI: 254900QMQAJ26H49CL75 | Long             | DBT              | CORP              | US        |     650000 | PA      | $432610.36    | 0.06%             | 2041-07-22      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| MONGOLIA INTL BOND                                      | Mongolia Government International Bond                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | MN        |     800000 | PA      | $756892.30    | 0.10%             | 2027-07-07      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Republic of Angola                                      | Angolan Government International Bond                                           | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    1800000 | PA      | $1809083.38   | 0.25%             | 2025-11-12      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Southern Gas Corridor CJSC                              | Southern Gas Corridor CJSC                                                      | CUSIP: 000000000<br>LEI: 213800DG58KG59XY6318 | Long             | DBT              | CORP              | AZ        |     800000 | PA      | $809715.26    | 0.11%             | 2026-03-24      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Senegal Government International Bonds                  | Senegal Government International Bonds                                          | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |    4500000 | PA      | $3328557.26   | 0.46%             | 2033-05-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Ivory Coast Government International Bonds              | Ivory Coast Government International Bond                                       | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    3500000 | PA      | $3238147.40   | 0.45%             | 2033-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CFAMC III CO LTD                                        | Huarong Finance 2017 Co Ltd                                                     | CUSIP: 000000000<br>LEI: 5493006V07LYI3HE6G83 | Long             | DBT              | CORP              | VG        |     400000 | PA      | $394996.00    | 0.05%             | 2027-11-07      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bond                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    1100000 | PA      | $851060.86    | 0.12%             | 2048-02-21      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya Government International Bonds        | Republic of Kenya Government International Bond                                 | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    3000000 | PA      | $2855372.07   | 0.40%             | 2032-05-22      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bond                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    2150000 | PA      | $2205091.36   | 0.31%             | 2031-01-21      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                  | Egypt Government International Bond                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     500000 | PA      | $531555.53    | 0.07%             | 2031-04-11      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Qatar Government International Bonds                    | Qatar Government International Bonds                                            | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |     800000 | PA      | $683458.42    | 0.09%             | 2050-04-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Finance Department Government of Sharjah                | Finance Department Government of Sharjah                                        | CUSIP: 000000000<br>LEI: 254900ZNL8O3F1CLJO24 | Long             | DBT              | NUSS              | AE        |     800000 | PA      | $518911.88    | 0.07%             | 2050-07-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                     | Ecuador Government International Bond                                           | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    3215543 | PA      | $2820031.21   | 0.39%             | 2030-07-31      | Variable      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                            | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    2100000 | PA      | $1855448.53   | 0.26%             | 2031-02-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                                     | Benin Government International Bond                                             | CUSIP: 000000000<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |    1300000 | PA      | $1322175.94   | 0.18%             | 2035-01-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bond                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    1100000 | PA      | $1129071.71   | 0.16%             | 2029-03-24      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LT                                | Shimao Group Holdings Ltd                                                       | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |     337212 | PA      | $13488.48     | 0.00%             | 2033-07-21      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LT                                | Shimao Group Holdings Ltd                                                       | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |     337212 | PA      | $10116.36     | 0.00%             | 2034-01-21      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-23

**Name of Applicant:** Federated Hermes Core Trust

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Core Trust

**Title:** Chief Compliance Officer