# EDGAR Filing Document

**Accession Number:** 0000783740
**File Stem:** 0001410368-25-009054
**Filing Date:** 2025-9
**Character Count:** 144644
**Document Hash:** 1b6dc4d7cec0fe03713f7184b9ba4bbe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-009054.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-009054

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20251031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04492
- **FILM NUMBER:** 251335182

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

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

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

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

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

## Series and Classes Contracts Data

### MFS Emerging Markets Debt Local Currency Fund (Series ID: S000033795)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000104416 | A            | EMLAX           |
| C000104417 | B            | EMLBX           |
| C000104418 | C            | EMLCX           |
| C000104419 | I            | EMLIX           |
| C000104420 | R1           | EMLJX           |
| C000104421 | R2           | EMLKX           |
| C000104422 | R3           | EMLLX           |
| C000104423 | R4           | EMLMX           |
| C000123138 | R6           | EMLNX           |

## Nport-Ex

EML-Q3

![](imgdb0867361.gif)

**Quarterly Report**

July 31, 2025

MFS<sup>®</sup> Emerging Markets Debt Local Currency Fund

![](imga1dfc41e2.gif)

------

**Portfolio of Investments**

7/31/25 (unaudited)

The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes.

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

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – 92.0% | Bonds – 92.0% | Bonds – 92.0% |
| Albania – 0.3% | Albania – 0.3% | Albania – 0.3% |
| Republic of Albania, 4.75%, 2/14/2035 (n) | 1147000 | &nbsp;&nbsp;&nbsp; $1316247 |
| Brazil – 5.7% | Brazil – 5.7% | Brazil – 5.7% |
| Federative Republic of Brazil, 10%, 1/01/2027  | 102553000 | &nbsp;&nbsp;&nbsp; $17376461 |
| Federative Republic of Brazil, 10%, 1/01/2031  | 60936000 | &nbsp;&nbsp;&nbsp; 9379525 |
|  |  | &nbsp;&nbsp;&nbsp; $26755986 |
| Chile – 3.2% | Chile – 3.2% | Chile – 3.2% |
| AES Andes S.A., 6.25%, 3/14/2032 (n) | $1064000 | &nbsp;&nbsp;&nbsp; $1081680 |
| Republic of Chile, 5%, 10/01/2028 (n) | 7665000000 | &nbsp;&nbsp;&nbsp; 7997493 |
| Republic of Chile, 5.8%, 10/01/2029 (n) | 4030000000 | &nbsp;&nbsp;&nbsp; 4213836 |
| Republic of Chile, 4.7%, 9/01/2030  | 1820000000 | &nbsp;&nbsp;&nbsp; 1812499 |
|  |  | &nbsp;&nbsp;&nbsp; $15105508 |
| China – 6.1% | China – 6.1% | China – 6.1% |
| China Development Bank, 2.26%, 7/19/2034  | 77310000 | &nbsp;&nbsp;&nbsp; $11120214 |
| People's Republic of China, 2.88%, 2/25/2033  | 104730000 | &nbsp;&nbsp;&nbsp; 15779283 |
| People's Republic of China, 3.19%, 4/15/2053  | 10310000 | &nbsp;&nbsp;&nbsp; 1787223 |
|  |  | &nbsp;&nbsp;&nbsp; $28686720 |
| Colombia – 5.2% | Colombia – 5.2% | Colombia – 5.2% |
| Empresas Publicas de Medellin E.S.P. (Republic of Colombia), 8.375%, 11/08/2027 (n) | 4009000000 | &nbsp;&nbsp;&nbsp; $882207 |
| Republic of Colombia, 11%, 8/22/2029  | 66735600000 | &nbsp;&nbsp;&nbsp; 16089603 |
| Republic of Colombia, 7%, 3/26/2031  | 13078400000 | &nbsp;&nbsp;&nbsp; 2555102 |
| Republic of Colombia, "B", 7.75%, 9/18/2030  | 25370400000 | &nbsp;&nbsp;&nbsp; 5316274 |
|  |  | &nbsp;&nbsp;&nbsp; $24843186 |
| Czech Republic – 4.2% | Czech Republic – 4.2% | Czech Republic – 4.2% |
| Czech Republic, 1.75%, 6/23/2032  | 115790000 | &nbsp;&nbsp;&nbsp; $4628976 |
| Czech Republic, 4.5%, 11/11/2032  | 107000000 | &nbsp;&nbsp;&nbsp; 5064612 |
| Czech Republic, 2%, 10/13/2033  | 200360000 | &nbsp;&nbsp;&nbsp; 7870369 |
| Czechoslovak Group A.S., 6.5%, 1/10/2031 (n) | $1050000 | &nbsp;&nbsp;&nbsp; 1063231 |
| EPH Financing International A.S., 6.651%, 11/13/2028  | 1161000 | &nbsp;&nbsp;&nbsp; 1448594 |
|  |  | &nbsp;&nbsp;&nbsp; $20075782 |
| Egypt – 0.5% | Egypt – 0.5% | Egypt – 0.5% |
| Arab Republic of Egypt, 0%, 8/26/2025  | 68525000 | &nbsp;&nbsp;&nbsp; $1382200 |
| Arab Republic of Egypt, 0%, 10/14/2025  | 55475000 | &nbsp;&nbsp;&nbsp; 1077546 |
|  |  | &nbsp;&nbsp;&nbsp; $2459746 |
| Guatemala – 0.2% | Guatemala – 0.2% | Guatemala – 0.2% |
| Central American Bottling Corp., 5.25%, 4/27/2029 (n) | $626000 | &nbsp;&nbsp;&nbsp; $608164 |
| Central American Bottling Corp., 5.25%, 4/27/2029  | 550000 | &nbsp;&nbsp;&nbsp; 534329 |
|  |  | &nbsp;&nbsp;&nbsp; $1142493 |
| Hungary – 2.3% | Hungary – 2.3% | Hungary – 2.3% |
| Republic of Hungary, 4.5%, 3/23/2028  | 2253170000 | &nbsp;&nbsp;&nbsp; $6126215 |
| Republic of Hungary, 3%, 8/21/2030  | 1878930000 | &nbsp;&nbsp;&nbsp; 4565329 |
|  |  | &nbsp;&nbsp;&nbsp; $10691544 |
| India – 5.2% | India – 5.2% | India – 5.2% |
| Muthoot Finance Ltd., 7.125%, 2/14/2028 (n) | $1515000 | &nbsp;&nbsp;&nbsp; $1550259 |
| Republic of India, 6.79%, 12/30/2031  | 267800000 | &nbsp;&nbsp;&nbsp; 3135160 |
| Republic of India, 7.18%, 7/24/2037  | 953990000 | &nbsp;&nbsp;&nbsp; 11367317 |
| Republic of India, 7.23%, 4/15/2039  | 715550000 | &nbsp;&nbsp;&nbsp; 8535137 |
|  |  | &nbsp;&nbsp;&nbsp; $24587873 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Indonesia – 9.6% | Indonesia – 9.6% | Indonesia – 9.6% |
| Republic of Indonesia, 6.375%, 8/15/2028  | 70547000000 | &nbsp;&nbsp;&nbsp; $4332594 |
| Republic of Indonesia, 6.5%, 7/15/2030  | 112045000000 | &nbsp;&nbsp;&nbsp; 6904505 |
| Republic of Indonesia, 7%, 9/15/2030  | 108468000000 | &nbsp;&nbsp;&nbsp; 6801517 |
| Republic of Indonesia, 6.375%, 4/15/2032  | 105726000000 | &nbsp;&nbsp;&nbsp; 6396720 |
| Republic of Indonesia, 6.75%, 7/15/2035  | 177025000000 | &nbsp;&nbsp;&nbsp; 10891637 |
| Republic of Indonesia, 6.5%, 4/15/2036  | 8244000000 | &nbsp;&nbsp;&nbsp; 498297 |
| Republic of Indonesia, 8.375%, 4/15/2039  | 124811000000 | &nbsp;&nbsp;&nbsp; 8582920 |
| Republic of Indonesia, 7.125%, 8/15/2040  | 14000000000 | &nbsp;&nbsp;&nbsp; 871165 |
|  |  | &nbsp;&nbsp;&nbsp; $45279355 |
| Jamaica – 0.4% | Jamaica – 0.4% | Jamaica – 0.4% |
| Government of Jamaica, 9.625%, 11/03/2030  | 320500000 | &nbsp;&nbsp;&nbsp; $2073060 |
| Kazakhstan – 0.4% | Kazakhstan – 0.4% | Kazakhstan – 0.4% |
| Baiterek National Managing Holding JSC (Republic of Kazakhstan), 5.45%, 5/08/2028 (n) | $1647000 | &nbsp;&nbsp;&nbsp; $1660818 |
| Malaysia – 5.0% | Malaysia – 5.0% | Malaysia – 5.0% |
| Federation of Malaysia, 3.582%, 7/15/2032  | 63133000 | &nbsp;&nbsp;&nbsp; $15004634 |
| Federation of Malaysia, 4.065%, 6/15/2050  | 30787000 | &nbsp;&nbsp;&nbsp; 7352066 |
| PETRONAS Capital Ltd. (Federation of Malaysia), 5.34%, 4/03/2035 (n) | $1157000 | &nbsp;&nbsp;&nbsp; 1174670 |
|  |  | &nbsp;&nbsp;&nbsp; $23531370 |
| Mexico – 9.2% | Mexico – 9.2% | Mexico – 9.2% |
| America Movil S.A.B. de C.V., 10.125%, 1/22/2029  | 33690000 | &nbsp;&nbsp;&nbsp; $1833532 |
| Coca-Cola Femsa S.A.B. de C.V., 5.1%, 5/06/2035  | $1113000 | &nbsp;&nbsp;&nbsp; 1106133 |
| Eagle Funding LuxCo. S.à r.l. (United Mexican States), 5.5%, 8/17/2030 (z) | 895000 | &nbsp;&nbsp;&nbsp; 899027 |
| Petroleos Mexicanos, 7.47%, 11/12/2026  | 10559900 | &nbsp;&nbsp;&nbsp; 537601 |
| Red de Carreteras de Occidente SAPIB de C.V., 9%, 6/10/2028 (n) | 5597400 | &nbsp;&nbsp;&nbsp; 294936 |
| United Mexican States, 8.5%, 5/31/2029  | 129800000 | &nbsp;&nbsp;&nbsp; 6843862 |
| United Mexican States, 7.75%, 5/29/2031  | 178600000 | &nbsp;&nbsp;&nbsp; 8981691 |
| United Mexican States, 7.5%, 5/26/2033  | 86400000 | &nbsp;&nbsp;&nbsp; 4159245 |
| United Mexican States, 7.75%, 11/23/2034  | 394300000 | &nbsp;&nbsp;&nbsp; 18925773 |
|  |  | &nbsp;&nbsp;&nbsp; $43581800 |
| Nigeria – 0.5% | Nigeria – 0.5% | Nigeria – 0.5% |
| Federal Republic of Nigeria, 0%, 1/06/2026  | 2284045000 | &nbsp;&nbsp;&nbsp; $1339819 |
| Federal Republic of Nigeria, 0%, 1/20/2026  | 1800000000 | &nbsp;&nbsp;&nbsp; 1049762 |
|  |  | &nbsp;&nbsp;&nbsp; $2389581 |
| Paraguay – 0.2% | Paraguay – 0.2% | Paraguay – 0.2% |
| Republic of Paraguay, 8.5%, 3/04/2035 (n) | 7712000000 | &nbsp;&nbsp;&nbsp; $997463 |
| Peru – 3.3% | Peru – 3.3% | Peru – 3.3% |
| Corporacion Financiera de Desarrollo S.A. (Republic of Peru), 5.5%, 5/06/2030 (n) | $996000 | &nbsp;&nbsp;&nbsp; $1006857 |
| Kallpa Generacion S.A., 5.875%, 1/30/2032 (n) | 896000 | &nbsp;&nbsp;&nbsp; 917863 |
| Republic of Peru, 6.95%, 8/12/2031  | 20316000 | &nbsp;&nbsp;&nbsp; 6210082 |
| Republic of Peru, 7.3%, 8/12/2033  | 7482000 | &nbsp;&nbsp;&nbsp; 2271017 |
| Republic of Peru, 6.85%, 8/12/2035  | 15925000 | &nbsp;&nbsp;&nbsp; 4550805 |
| San Miguel Industrias PET S.A., 3.75%, 8/02/2028 (n) | $945000 | &nbsp;&nbsp;&nbsp; 894650 |
|  |  | &nbsp;&nbsp;&nbsp; $15851274 |
| Philippines – 2.3% | Philippines – 2.3% | Philippines – 2.3% |
| Republic of Philippines, 6.875%, 1/10/2029  | 160830000 | &nbsp;&nbsp;&nbsp; $2839706 |
| Republic of Philippines, 6.375%, 7/27/2030  | 42500000 | &nbsp;&nbsp;&nbsp; 741459 |
| Republic of Philippines, 6.125%, 1/18/2031  | 147000000 | &nbsp;&nbsp;&nbsp; 2528588 |
| Republic of Philippines, 8%, 7/19/2031  | 244410000 | &nbsp;&nbsp;&nbsp; 4589453 |
|  |  | &nbsp;&nbsp;&nbsp; $10699206 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Poland – 4.8% | Poland – 4.8% | Poland – 4.8% |
| Republic of Poland, 4.5%, 7/25/2030  | 17050000 | &nbsp;&nbsp;&nbsp; $4474921 |
| Republic of Poland, 1.25%, 10/25/2030  | 30559000 | &nbsp;&nbsp;&nbsp; 6820762 |
| Republic of Poland, 1.75%, 4/25/2032  | 41824000 | &nbsp;&nbsp;&nbsp; 9016193 |
| Republic of Poland, 5%, 10/25/2034  | 8650000 | &nbsp;&nbsp;&nbsp; 2246469 |
|  |  | &nbsp;&nbsp;&nbsp; $22558345 |
| Romania – 5.5% | Romania – 5.5% | Romania – 5.5% |
| Republic of Romania, 8.75%, 10/30/2028  | 37160000 | &nbsp;&nbsp;&nbsp; $8673045 |
| Republic of Romania, 8%, 4/29/2030  | 34900000 | &nbsp;&nbsp;&nbsp; 8036639 |
| Republic of Romania, 5.75%, 9/16/2030 (n) | $1610000 | &nbsp;&nbsp;&nbsp; 1617205 |
| Republic of Romania, 7.5%, 7/27/2033  | 14375000 | &nbsp;&nbsp;&nbsp; 3253386 |
| Republic of Romania, 7.1%, 7/31/2034  | 20470000 | &nbsp;&nbsp;&nbsp; 4567521 |
|  |  | &nbsp;&nbsp;&nbsp; $26147796 |
| South Africa – 7.3% | South Africa – 7.3% | South Africa – 7.3% |
| Eskom Holdings SOC Ltd. (Republic of South Africa), 7.85%, 4/02/2026  | 36000000 | &nbsp;&nbsp;&nbsp; $1964214 |
| Republic of South Africa, 8.25%, 3/31/2032  | 210681000 | &nbsp;&nbsp;&nbsp; 11202337 |
| Republic of South Africa, 8.875%, 2/28/2035  | 392086000 | &nbsp;&nbsp;&nbsp; 20523589 |
| Transnet SOC Ltd. (Republic of South Africa), 13.5%, 4/18/2028  | 14800000 | &nbsp;&nbsp;&nbsp; 852481 |
|  |  | &nbsp;&nbsp;&nbsp; $34542621 |
| Supranational – 3.0% | Supranational – 3.0% | Supranational – 3.0% |
| Asian Infrastructure Investment Bank, 7%, 1/23/2032  | 94400000 | &nbsp;&nbsp;&nbsp; $1079057 |
| Asian Infrastructure Investment Bank, 6.65%, 6/30/2033  | 339800000 | &nbsp;&nbsp;&nbsp; 3852436 |
| European Bank for Reconstruction and Development, 6.875%, 7/30/2031  | 296200000 | &nbsp;&nbsp;&nbsp; 3422579 |
| European Bank for Reconstruction and Development, 6.75%, 1/13/2032  | 94000000 | &nbsp;&nbsp;&nbsp; 1078108 |
| European Investment Bank, 7.4%, 10/23/2033  | 298200000 | &nbsp;&nbsp;&nbsp; 3562375 |
| International Bank for Reconstruction and Development, 0%, 5/29/2035  | 59140000 | &nbsp;&nbsp;&nbsp; 1393565 |
|  |  | &nbsp;&nbsp;&nbsp; $14388120 |
| Thailand – 5.9% | Thailand – 5.9% | Thailand – 5.9% |
| Kingdom of Thailand, 3.775%, 6/25/2032  | 254937000 | &nbsp;&nbsp;&nbsp; $8984070 |
| Kingdom of Thailand, 3.3%, 6/17/2038  | 267281000 | &nbsp;&nbsp;&nbsp; 9648915 |
| Kingdom of Thailand, 3.45%, 6/17/2043  | 111146000 | &nbsp;&nbsp;&nbsp; 4121609 |
| Kingdom of Thailand, 2.98%, 6/17/2045  | 142127000 | &nbsp;&nbsp;&nbsp; 4994684 |
|  |  | &nbsp;&nbsp;&nbsp; $27749278 |
| Turkey – 0.5% | Turkey – 0.5% | Turkey – 0.5% |
| Republic of Turkey, 26.2%, 10/05/2033  | 112756000 | &nbsp;&nbsp;&nbsp; $2543546 |
| Uruguay – 0.9% | Uruguay – 0.9% | Uruguay – 0.9% |
| Oriental Republic of Uruguay, 8.5%, 3/15/2028  | 172449000 | &nbsp;&nbsp;&nbsp; $4293313 |
| Uzbekistan – 0.3% | Uzbekistan – 0.3% | Uzbekistan – 0.3% |
| Navoi Mining & Metallurgical Co. (Republic of Uzbekistan), 6.7%, 10/17/2028 (n) | $785000 | &nbsp;&nbsp;&nbsp; $802853 |
| Navoi Mining & Metallurgical Co. (Republic of Uzbekistan), 6.95%, 10/17/2031 (n) | 651000 | &nbsp;&nbsp;&nbsp; 671382 |
|  |  | &nbsp;&nbsp;&nbsp; $1474235 |
| **Total Bonds**  |  | &nbsp;&nbsp; **$435426266** |
| Mutual Funds (h) – 5.6% | Mutual Funds (h) – 5.6% | Mutual Funds (h) – 5.6% |
| Money Market Funds – 5.6% | Money Market Funds – 5.6% |  |
| MFS Institutional Money Market Portfolio, 4.35% (v)  | 26818976 | &nbsp;&nbsp;&nbsp; $26818976 |
| Other Assets, Less Liabilities – 2.4% |  | &nbsp;&nbsp;&nbsp; 11207680 |
| **Net Assets – 100.0%** |  | &nbsp;&nbsp; **$473452922** |

---

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

------

*Portfolio of Investments (unaudited) – continued*

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

&nbsp;&nbsp;&nbsp;&nbsp;(h) An affiliated issuer, which may be considered one in which the fund owns 5% or more
 of the outstanding voting securities, or a company which is under common control. At period end, the aggregate values of the fund's investments in affiliated
 issuers and in unaffiliated issuers were $26,818,976 and $435,426,266, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;(n) Securities exempt from registration under Rule 144A of the Securities Act of 1933.
 These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers.
 At period end, the aggregate value of these securities was $28,751,814, representing 6.1% of net assets.

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

&nbsp;&nbsp;&nbsp;&nbsp;(z) Restricted securities are not registered under the Securities Act of 1933 and are
 subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities
 are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult.
 The fund holds the following restricted securities:

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

---

| | | | |
|:---|:---|:---|:---|
| **Restricted Securities** | &nbsp;&nbsp; **Acquisition** <br>**Date**<br>| **Cost** | **Value** |
| Eagle Funding LuxCo. S.à r.l. (United Mexican States), 5.5%, 8/17/2030 | 7/28/2025 | $892745 | $899028 |
| % of Net assets |  |  | 0.2% |

---

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

---

| | |
|:---|:---|
| The following abbreviations are used in this report and are defined: | The following abbreviations are used in this report and are defined: |
| BUBOR | Budapest Interbank Offered Rate |
| BZDIOVRA | Brazil Interbank Deposit Rate |
| KLIBOR | Kuala Lumpur Interbank Offered Rate |
| MIBOR | Mumbai Inter-Bank Offer Rate |
| SHIBOR | China Shanghai Interbank Offered Rate |
| THOR | Thai Overnight Repurchase Rate |
| TIIE | Interbank Equilibrium Interest Rate |
| WIBOR | Warsaw Interbank Offered Rate |

---

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

---

| | |
|:---|:---|
| Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise <br> indicated. A list of abbreviations is shown below: | Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise <br> indicated. A list of abbreviations is shown below: |
| BRL | Brazilian Real |
| CAD | Canadian Dollar |
| CLP | Chilean Peso |
| CNH | Chinese Yuan Renminbi (Offshore)  |
| CNY | China Yuan Renminbi |
| COP | Colombian Peso |
| CZK | Czech Koruna |
| EGP | Egypt Pound |
| EUR | Euro |
| HUF | Hungarian Forint |
| IDR | Indonesian Rupiah |
| INR | Indian Rupee |
| JMD | Jamaican Dollar |
| KRW | South Korean Won |
| KZT | Kazakhstani Tenge |
| MXN | Mexican Peso |
| MYR | Malaysian Ringgit |
| NGN | Nigerian Naira |
| PEN | Peruvian Nuevo Sol  |
| PHP | Philippine Peso |
| PLN | Polish Zloty |
| RON | Romanian New Leu |
| THB | Thai Baht |
| TRY | Turkish Lira |
| UYU | Uruguayan Peso |
| ZAR | South African Rand |

---

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

------

*Portfolio of Investments (unaudited) – continued*

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Derivative Contracts at 7/31/25** | **Derivative Contracts at 7/31/25** | **Derivative Contracts at 7/31/25** | **Derivative Contracts at 7/31/25** | **Derivative Contracts at 7/31/25** | **Derivative Contracts at 7/31/25** | **Derivative Contracts at 7/31/25** |
| **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  |
| **Currency** <br>**Purchased** | **Currency** <br>**Purchased** | &nbsp;&nbsp; **Currency** <br>**Sold** | &nbsp;&nbsp; **Currency** <br>**Sold** | **Counterparty** | &nbsp;&nbsp; **Settlement** <br>**Date**<br>| **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** |
| BRL | &nbsp;&nbsp; 18568000 | USD | &nbsp;&nbsp; 3194495 | Citibank N.A. | 9/02/2025 | &nbsp;&nbsp; $96270 |
| BRL | &nbsp;&nbsp; 7239878 | USD | &nbsp;&nbsp; 1235822 | Deutsche Bank AG | 9/02/2025 | &nbsp;&nbsp; 47285 |
| CNH | &nbsp;&nbsp; 63488000 | USD | &nbsp;&nbsp; 8761153 | Merrill Lynch International | 8/07/2025 | &nbsp;&nbsp; 45641 |
| CNH | &nbsp;&nbsp; 3378206 | USD | &nbsp;&nbsp; 471082 | State Street Corp. | 10/17/2025 | &nbsp;&nbsp; 64 |
| IDR | &nbsp;&nbsp; 23038541471 | USD | &nbsp;&nbsp; 1384203 | Barclays Bank PLC | 8/05/2025 | &nbsp;&nbsp; 15859 |
| IDR | &nbsp;&nbsp; 197840381843 | USD | &nbsp;&nbsp; 11747544 | Goldman Sachs International | 8/05/2025 | &nbsp;&nbsp; 275307 |
| IDR | &nbsp;&nbsp; 12352863992 | USD | &nbsp;&nbsp; 745334 | JPMorgan Chase Bank N.A. | 8/05/2025 | &nbsp;&nbsp; 5355 |
| INR | &nbsp;&nbsp; 308637000 | USD | &nbsp;&nbsp; 3513761 | Citibank N.A. | 8/07/2025 | &nbsp;&nbsp; 8853 |
| INR | &nbsp;&nbsp; 48244411 | USD | &nbsp;&nbsp; 548449 | JPMorgan Chase Bank N.A. | 10/31/2025 | &nbsp;&nbsp; 41 |
| TRY | &nbsp;&nbsp; 250530234 | USD | &nbsp;&nbsp; 5719153 | Goldman Sachs International | 10/17/2025 | &nbsp;&nbsp; 62527 |
| TRY | &nbsp;&nbsp; 92164831 | USD | &nbsp;&nbsp; 2103248 | Merrill Lynch International | 10/17/2025 | &nbsp;&nbsp; 23712 |
| USD | &nbsp;&nbsp; 354345 | BRL | &nbsp;&nbsp; 1996650 | Barclays Bank PLC | 9/02/2025 | &nbsp;&nbsp; 483 |
| USD | &nbsp;&nbsp; 4959747 | BRL | &nbsp;&nbsp; 27427650 | JPMorgan Chase Bank N.A. | 9/02/2025 | &nbsp;&nbsp; 98807 |
| USD | &nbsp;&nbsp; 3078107 | CAD | &nbsp;&nbsp; 4185497 | Citibank N.A. | 10/17/2025 | &nbsp;&nbsp; 46071 |
| USD | &nbsp;&nbsp; 99242 | CAD | &nbsp;&nbsp; 134568 | JPMorgan Chase Bank N.A. | 10/17/2025 | &nbsp;&nbsp; 1759 |
| USD | &nbsp;&nbsp; 1641042 | CAD | &nbsp;&nbsp; 2242139 | Merrill Lynch International | 10/17/2025 | &nbsp;&nbsp; 16803 |
| USD | &nbsp;&nbsp; 7339950 | CLP | &nbsp;&nbsp; 6976253982 | Barclays Bank PLC | 10/10/2025 | &nbsp;&nbsp; 166898 |
| USD | &nbsp;&nbsp; 1642087 | CLP | &nbsp;&nbsp; 1557655123 | Citibank N.A. | 10/10/2025 | &nbsp;&nbsp; 40491 |
| USD | &nbsp;&nbsp; 11735876 | COP | &nbsp;&nbsp; 47592499124 | Goldman Sachs International | 10/09/2025 | &nbsp;&nbsp; 445047 |
| USD | &nbsp;&nbsp; 435202 | CZK | &nbsp;&nbsp; 9345346 | UBS AG | 10/17/2025 | &nbsp;&nbsp; 437 |
| USD | &nbsp;&nbsp; 2557737 | EUR | &nbsp;&nbsp; 2173601 | Goldman Sachs International | 10/17/2025 | &nbsp;&nbsp; 65086 |
| USD | &nbsp;&nbsp; 5158749 | EUR | &nbsp;&nbsp; 4403183 | HSBC Bank | 10/17/2025 | &nbsp;&nbsp; 109247 |
| USD | &nbsp;&nbsp; 4841435 | EUR | &nbsp;&nbsp; 4133563 | JPMorgan Chase Bank N.A. | 10/17/2025 | &nbsp;&nbsp; 101129 |
| USD | &nbsp;&nbsp; 1193430 | EUR | &nbsp;&nbsp; 1034814 | Merrill Lynch International | 10/17/2025 | &nbsp;&nbsp; 6722 |
| USD | &nbsp;&nbsp; 2392175 | EUR | &nbsp;&nbsp; 2062915 | Morgan Stanley Capital Services LLC | 10/17/2025 | &nbsp;&nbsp; 26457 |
| USD | &nbsp;&nbsp; 344372 | HUF | &nbsp;&nbsp; 118649634 | State Street Corp. | 10/17/2025 | &nbsp;&nbsp; 7115 |
| USD | &nbsp;&nbsp; 6823406 | IDR | &nbsp;&nbsp; 111852002717 | Barclays Bank PLC | 8/05/2025 | &nbsp;&nbsp; 26109 |
| USD | &nbsp;&nbsp; 339083 | IDR | &nbsp;&nbsp; 5555922716 | Citibank N.A. | 8/05/2025 | &nbsp;&nbsp; 1447 |
| USD | &nbsp;&nbsp; 3729969 | IDR | &nbsp;&nbsp; 60624251714 | Goldman Sachs International | 8/05/2025 | &nbsp;&nbsp; 45806 |
| USD | &nbsp;&nbsp; 507710 | IDR | &nbsp;&nbsp; 8361988000 | Goldman Sachs International | 10/31/2025 | &nbsp;&nbsp; 685 |
| USD | &nbsp;&nbsp; 5024463 | IDR | &nbsp;&nbsp; 82190160000 | JPMorgan Chase Bank N.A. | 8/05/2025 | &nbsp;&nbsp; 29729 |
| USD | &nbsp;&nbsp; 15690171 | INR | &nbsp;&nbsp; 1363547415 | Barclays Bank PLC | 8/07/2025 | &nbsp;&nbsp; 127383 |
| USD | &nbsp;&nbsp; 6538563 | INR | &nbsp;&nbsp; 564004485 | Citibank N.A. | 8/07/2025 | &nbsp;&nbsp; 101323 |
| USD | &nbsp;&nbsp; 463066 | INR | &nbsp;&nbsp; 40087588 | Deutsche Bank AG | 8/07/2025 | &nbsp;&nbsp; 5528 |
| USD | &nbsp;&nbsp; 1136836 | INR | &nbsp;&nbsp; 97752000 | Goldman Sachs International | 8/07/2025 | &nbsp;&nbsp; 21148 |
| USD | &nbsp;&nbsp; 627086 | INR | &nbsp;&nbsp; 53930000 | JPMorgan Chase Bank N.A. | 8/07/2025 | &nbsp;&nbsp; 11558 |
| USD | &nbsp;&nbsp; 3091382 | INR | &nbsp;&nbsp; 268706000 | Morgan Stanley Capital Services LLC | 8/07/2025 | &nbsp;&nbsp; 24518 |
| USD | &nbsp;&nbsp; 1103998 | KZT | &nbsp;&nbsp; 587878686 | Goldman Sachs International | 8/14/2025 | &nbsp;&nbsp; 20397 |
| USD | &nbsp;&nbsp; 10491101 | PHP | &nbsp;&nbsp; 595642746 | Barclays Bank PLC | 10/07/2025 | &nbsp;&nbsp; 296344 |
| USD | &nbsp;&nbsp; 785517 | PHP | &nbsp;&nbsp; 44582000 | Goldman Sachs International | 10/07/2025 | &nbsp;&nbsp; 22471 |
| USD | &nbsp;&nbsp; 4805321 | PLN | &nbsp;&nbsp; 17425426 | State Street Corp. | 10/17/2025 | &nbsp;&nbsp; 160776 |
| USD | &nbsp;&nbsp; 3565822 | RON | &nbsp;&nbsp; 15594830 | Deutsche Bank AG | 10/17/2025 | &nbsp;&nbsp; 73778 |
| USD | &nbsp;&nbsp; 2381463 | RON | &nbsp;&nbsp; 10390653 | Goldman Sachs International | 10/17/2025 | &nbsp;&nbsp; 54754 |
| USD | &nbsp;&nbsp; 10145339 | THB | &nbsp;&nbsp; 328414685 | Barclays Bank PLC | 10/17/2025 | &nbsp;&nbsp; 226209 |
| USD | &nbsp;&nbsp; 14186 | ZAR | &nbsp;&nbsp; 254407 | Citibank N.A. | 10/17/2025 | &nbsp;&nbsp; 291 |
| USD | &nbsp;&nbsp; 1205622 | ZAR | &nbsp;&nbsp; 21741009 | Goldman Sachs International | 10/17/2025 | &nbsp;&nbsp; 18205 |
| USD | &nbsp;&nbsp; 343451 | ZAR | &nbsp;&nbsp; 6244771 | Morgan Stanley Capital Services LLC | 10/17/2025 | &nbsp;&nbsp; 2384 |
|  |  |  |  |  |  | &nbsp;&nbsp; $2984309 |
| **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| BRL | &nbsp;&nbsp; 31487000 | USD | &nbsp;&nbsp; 5690250 | Barclays Bank PLC | 9/02/2025 | &nbsp;&nbsp; $(109881)<br>|

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Exchange Contracts - continued**  | **Forward Foreign Currency Exchange Contracts - continued**  | **Forward Foreign Currency Exchange Contracts - continued**  | **Forward Foreign Currency Exchange Contracts - continued**  | **Forward Foreign Currency Exchange Contracts - continued**  | **Forward Foreign Currency Exchange Contracts - continued**  | **Forward Foreign Currency Exchange Contracts - continued**  |
| **Currency**<br> **Purchased** | **Currency**<br> **Purchased** | &nbsp;&nbsp; **Currency**<br> **Sold** | &nbsp;&nbsp; **Currency**<br> **Sold** | **Counterparty** | &nbsp;&nbsp; **Settlement**<br> **Date**<br>| **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>|
| **Liability Derivatives - continued** | **Liability Derivatives - continued** | **Liability Derivatives - continued** | **Liability Derivatives - continued** | **Liability Derivatives - continued** | **Liability Derivatives - continued** | **Liability Derivatives - continued** |
| BRL | &nbsp;&nbsp; 29684126 | USD | &nbsp;&nbsp; 5307901 | Citibank N.A. | 9/02/2025 | &nbsp;&nbsp; $(47051)<br>|
| BRL | &nbsp;&nbsp; 10792295 | USD | &nbsp;&nbsp; 1960560 | Morgan Stanley Capital Services LLC | 9/02/2025 | &nbsp;&nbsp; (47866)<br>|
| CNH | &nbsp;&nbsp; 42492325 | USD | &nbsp;&nbsp; 5953149 | Barclays Bank PLC | 10/17/2025 | &nbsp;&nbsp; (26891)<br>|
| COP | &nbsp;&nbsp; 7394688000 | USD | &nbsp;&nbsp; 1764842 | Goldman Sachs International | 10/09/2025 | &nbsp;&nbsp; (10529)<br>|
| CZK | &nbsp;&nbsp; 167502873 | USD | &nbsp;&nbsp; 7909503 | Merrill Lynch International | 10/17/2025 | &nbsp;&nbsp; (116933)<br>|
| HUF | &nbsp;&nbsp; 863245621 | USD | &nbsp;&nbsp; 2538870 | State Street Corp. | 10/17/2025 | &nbsp;&nbsp; (85126)<br>|
| IDR | &nbsp;&nbsp; 111852002717 | USD | &nbsp;&nbsp; 6803484 | Barclays Bank PLC | 10/31/2025 | &nbsp;&nbsp; (21386)<br>|
| IDR | &nbsp;&nbsp; 7628887618 | USD | &nbsp;&nbsp; 470440 | Deutsche Bank AG | 8/05/2025 | &nbsp;&nbsp; (6829)<br>|
| IDR | &nbsp;&nbsp; 19361662223 | USD | &nbsp;&nbsp; 1190931 | Morgan Stanley Capital Services LLC | 8/05/2025 | &nbsp;&nbsp; (14315)<br>|
| INR | &nbsp;&nbsp; 777562958 | USD | &nbsp;&nbsp; 9052869 | Barclays Bank PLC | 8/07/2025 | &nbsp;&nbsp; (178189)<br>|
| INR | &nbsp;&nbsp; 907362212 | USD | &nbsp;&nbsp; 10320234 | Barclays Bank PLC | 10/31/2025 | &nbsp;&nbsp; (4454)<br>|
| INR | &nbsp;&nbsp; 1280578396 | USD | &nbsp;&nbsp; 14767391 | Citibank N.A. | 8/07/2025 | &nbsp;&nbsp; (151567)<br>|
| INR | &nbsp;&nbsp; 254856000 | USD | &nbsp;&nbsp; 2980766 | Deutsche Bank AG | 8/07/2025 | &nbsp;&nbsp; (71980)<br>|
| INR | &nbsp;&nbsp; 72711071 | USD | &nbsp;&nbsp; 854008 | Goldman Sachs International | 8/07/2025 | &nbsp;&nbsp; (24123)<br>|
| INR | &nbsp;&nbsp; 100395065 | USD | &nbsp;&nbsp; 1167634 | Morgan Stanley Capital Services LLC | 8/07/2025 | &nbsp;&nbsp; (21779)<br>|
| KRW | &nbsp;&nbsp; 3185953098 | USD | &nbsp;&nbsp; 2318558 | Barclays Bank PLC | 10/21/2025 | &nbsp;&nbsp; (11110)<br>|
| KZT | &nbsp;&nbsp; 587878686 | USD | &nbsp;&nbsp; 1119769 | Goldman Sachs International | 8/14/2025 | &nbsp;&nbsp; (36169)<br>|
| MXN | &nbsp;&nbsp; 124822640 | USD | &nbsp;&nbsp; 6582753 | JPMorgan Chase Bank N.A. | 10/17/2025 | &nbsp;&nbsp; (18324)<br>|
| MXN | &nbsp;&nbsp; 73582717 | USD | &nbsp;&nbsp; 3907162 | State Street Corp. | 10/17/2025 | &nbsp;&nbsp; (37444)<br>|
| MYR | &nbsp;&nbsp; 106122637 | USD | &nbsp;&nbsp; 25061995 | Barclays Bank PLC | 10/10/2025 | &nbsp;&nbsp; (114329)<br>|
| PEN | &nbsp;&nbsp; 2887733 | USD | &nbsp;&nbsp; 807825 | Barclays Bank PLC | 10/21/2025 | &nbsp;&nbsp; (5800)<br>|
| PHP | &nbsp;&nbsp; 19191922 | USD | &nbsp;&nbsp; 337690 | Goldman Sachs International | 10/07/2025 | &nbsp;&nbsp; (9209)<br>|
| PLN | &nbsp;&nbsp; 20451496 | USD | &nbsp;&nbsp; 5602404 | Barclays Bank PLC | 10/17/2025 | &nbsp;&nbsp; (151295)<br>|
| PLN | &nbsp;&nbsp; 9072527 | USD | &nbsp;&nbsp; 2439237 | Goldman Sachs International | 10/17/2025 | &nbsp;&nbsp; (21061)<br>|
| PLN | &nbsp;&nbsp; 40956912 | USD | &nbsp;&nbsp; 11214773 | State Street Corp. | 10/17/2025 | &nbsp;&nbsp; (298183)<br>|
| RON | &nbsp;&nbsp; 5093758 | USD | &nbsp;&nbsp; 1142503 | Goldman Sachs International | 10/17/2025 | &nbsp;&nbsp; (1892)<br>|
| RSD | &nbsp;&nbsp; 8808156 | USD | &nbsp;&nbsp; 88178 | BNP Paribas | 10/17/2025 | &nbsp;&nbsp; (2395)<br>|
| RSD | &nbsp;&nbsp; 369847808 | USD | &nbsp;&nbsp; 3668943 | Citibank N.A. | 10/17/2025 | &nbsp;&nbsp; (66976)<br>|
| THB | &nbsp;&nbsp; 781620341 | USD | &nbsp;&nbsp; 24147835 | JPMorgan Chase Bank N.A. | 10/17/2025 | &nbsp;&nbsp; (540504)<br>|
| ZAR | &nbsp;&nbsp; 4983267 | USD | &nbsp;&nbsp; 274133 | Morgan Stanley Capital Services LLC | 10/17/2025 | &nbsp;&nbsp; (1964)<br>|
| USD | &nbsp;&nbsp; 5432880 | BRL | &nbsp;&nbsp; 31377057 | Citibank N.A. | 9/02/2025 | &nbsp;&nbsp; (128004)<br>|
| USD | &nbsp;&nbsp; 349340 | CLP | &nbsp;&nbsp; 342028100 | Barclays Bank PLC | 10/10/2025 | &nbsp;&nbsp; (2337)<br>|
| USD | &nbsp;&nbsp; 412238 | CLP | &nbsp;&nbsp; 404099869 | Deutsche Bank AG | 10/10/2025 | &nbsp;&nbsp; (3262)<br>|
| USD | &nbsp;&nbsp; 5854865 | CNH | &nbsp;&nbsp; 42764516 | Goldman Sachs International | 8/07/2025 | &nbsp;&nbsp; (77253)<br>|
| USD | &nbsp;&nbsp; 282730 | IDR | &nbsp;&nbsp; 4681364587 | Morgan Stanley Capital Services LLC | 10/31/2025 | &nbsp;&nbsp; (1122)<br>|
| USD | &nbsp;&nbsp; 4594848 | INR | &nbsp;&nbsp; 406713000 | Deutsche Bank AG | 8/07/2025 | &nbsp;&nbsp; (47152)<br>|
| USD | &nbsp;&nbsp; 408573 | MXN | &nbsp;&nbsp; 7772741 | Morgan Stanley Capital Services LLC | 10/17/2025 | &nbsp;&nbsp; (196)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp; $(2514880)<br>|

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  |
| **Description** | **Long/** <br>**Short**<br>| **Currency** | **Contracts** | &nbsp;&nbsp; **Notional** <br>**Amount**<br>| &nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Value/Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** |
| ***Interest Rate Futures***  | ***Interest Rate Futures***  | ***Interest Rate Futures***  | ***Interest Rate Futures***  | ***Interest Rate Futures***  |  |  |
| Euro-Bobl 5 yr | &nbsp;&nbsp; Short | EUR | &nbsp;&nbsp; 11 | $1472114 | September – 2025 | &nbsp;&nbsp; $10519 |
| Euro-Bund 10 yr | &nbsp;&nbsp; Short | EUR | &nbsp;&nbsp; 9 | 1332123 | September – 2025 | &nbsp;&nbsp; 14563 |
|  |  |  |  |  |  | &nbsp;&nbsp; $25082 |
| **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| ***Interest Rate Futures***  | ***Interest Rate Futures***  | ***Interest Rate Futures***  | ***Interest Rate Futures***  | ***Interest Rate Futures***  |  |  |
| U.S. Treasury Ultra Note 10 yr | &nbsp;&nbsp; Short | USD | &nbsp;&nbsp; 64 | $7237000 | September – 2025 | &nbsp;&nbsp; $(5564)<br>|

---

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

------

*Portfolio of Investments (unaudited) – continued*

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cleared Swap Agreements**  | **Cleared Swap Agreements**  | **Cleared Swap Agreements**  | **Cleared Swap Agreements**  | **Cleared Swap Agreements**  | **Cleared Swap Agreements**  | **Cleared Swap Agreements**  | **Cleared Swap Agreements**  | **Cleared Swap Agreements**  |
| **Maturity** <br>**Date** | **Maturity** <br>**Date** | &nbsp;&nbsp; **Notional** <br>**Amount**<br>| **Counterparty** | &nbsp;&nbsp; **Cash Flows** <br>**to Receive/** <br>**Frequency**<br>| &nbsp;&nbsp; **Cash Flows** <br>**to Pay/** <br>**Frequency**<br>| **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Net Unamortized** <br>**Upfront Payments** <br>**(Receipts)**<br>| **Value** |
| **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** |  |  |  |
| ***Interest Rate Swaps***  | ***Interest Rate Swaps***  | ***Interest Rate Swaps***  | ***Interest Rate Swaps***  | ***Interest Rate Swaps***  | ***Interest Rate Swaps***  |  |  |  |
| 1/02/29 | BRL | 14000000  | centrally cleared | &nbsp;&nbsp; 14.4668% / At <br> Maturity <br>| &nbsp;&nbsp; Daily BZDIOVRA / At <br> Maturity <br>| &nbsp;&nbsp; $48559 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $48559 |
| 1/02/31 | BRL | 12000000  | centrally cleared | &nbsp;&nbsp; 14.2745% / At <br> Maturity <br>| &nbsp;&nbsp; Daily BZDIOVRA / At <br> Maturity <br>| &nbsp;&nbsp; 36163 | &nbsp;&nbsp; — | &nbsp;&nbsp; 36163 |
| 1/02/31 | BRL | 36492000  | centrally cleared | &nbsp;&nbsp; 14.0193% / At <br> Maturity <br>| &nbsp;&nbsp; Daily BZDIOVRA / At <br> Maturity <br>| &nbsp;&nbsp; 66825 | &nbsp;&nbsp; — | &nbsp;&nbsp; 66825 |
| 1/02/31 | BRL | 20172000  | centrally cleared | &nbsp;&nbsp; 13.75% / At <br> Maturity <br>| &nbsp;&nbsp; Daily BZDIOVRA / At <br> Maturity <br>| &nbsp;&nbsp; 25855 | &nbsp;&nbsp; 3678 | &nbsp;&nbsp; 29533 |
| 6/18/30 | INR | 491000000  | centrally cleared | &nbsp;&nbsp; 5.94275 / <br> Semi-annually <br>| &nbsp;&nbsp; MIBOR / <br> Semi-annually <br>| &nbsp;&nbsp; 57837 | &nbsp;&nbsp; — | &nbsp;&nbsp; 57837 |
| 3/21/29 | MXN | 95700000  | centrally cleared | 8.593% / 28 Days  | 28 day TIIE / 28 days  | &nbsp;&nbsp; 64374 | &nbsp;&nbsp; — | &nbsp;&nbsp; 64374 |
| 12/17/31 | PLN | 7250000  | centrally cleared | 5.1952% / Annually  | &nbsp;&nbsp; WIBOR / <br> Semi-annually <br>| &nbsp;&nbsp; 74251 | &nbsp;&nbsp; — | &nbsp;&nbsp; 74251 |
|  |  |  |  |  |  | &nbsp;&nbsp; $373864 | &nbsp;&nbsp; $3678 | &nbsp;&nbsp; $377542 |
| **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** |  |  |  |
| ***Interest Rate Swaps***  | ***Interest Rate Swaps***  | ***Interest Rate Swaps***  | ***Interest Rate Swaps***  | ***Interest Rate Swaps***  | ***Interest Rate Swaps***  |  |  |  |
| 1/02/29 | BRL | 10545000  | centrally cleared | &nbsp;&nbsp; 11.12% / At <br> Maturity <br>| &nbsp;&nbsp; Daily BZDIOVRA / At <br> Maturity <br>| &nbsp;&nbsp; $(108976)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(108976)<br>|
| 12/18/30 | CNY | 103627000  | centrally cleared | &nbsp;&nbsp; 1.50652% / <br> Quarterly <br>| SHIBOR / Quarterly  | &nbsp;&nbsp; (41390)<br>| &nbsp;&nbsp; (2434)<br>| &nbsp;&nbsp; (43824)<br>|
| 12/20/33 | HUF | 2205927000  | centrally cleared | 6.05% / Annually  | &nbsp;&nbsp; BUBOR / <br> Semi-annually <br>| &nbsp;&nbsp; (200031)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (200031)<br>|
| 12/20/33 | HUF | 1000000000  | centrally cleared | 6.1747% / Annually  | &nbsp;&nbsp; BUBOR / <br> Semi-annually <br>| &nbsp;&nbsp; (78466)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (78466)<br>|
| 12/17/31 | PLN | 21083000  | centrally cleared | 3.86% / Annually  | &nbsp;&nbsp; WIBOR / <br> Semi-annually <br>| &nbsp;&nbsp; (88551)<br>| &nbsp;&nbsp; (7457)<br>| &nbsp;&nbsp; (96008)<br>|
| 9/18/30 | THB | 324751000  | centrally cleared | 1.263% / Quarterly  | THOR / Quarterly  | &nbsp;&nbsp; (11385)<br>| &nbsp;&nbsp; (7589)<br>| &nbsp;&nbsp; (18974)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp; $(528799)<br>| &nbsp;&nbsp; $(17480)<br>| &nbsp;&nbsp; $(546279)<br>|

---

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Uncleared Swap Agreements**  | **Uncleared Swap Agreements**  | **Uncleared Swap Agreements**  | **Uncleared Swap Agreements**  | **Uncleared Swap Agreements**  | **Uncleared Swap Agreements**  | **Uncleared Swap Agreements**  | **Uncleared Swap Agreements**  | **Uncleared Swap Agreements**  |
| **Maturity** <br>**Date** | **Maturity** <br>**Date** | &nbsp;&nbsp; **Notional** <br>**Amount**<br>| **Counterparty** | &nbsp;&nbsp; **Cash Flows** <br>**to Receive/** <br>**Frequency**<br>| &nbsp;&nbsp; **Cash Flows** <br>**to Pay/** <br>**Frequency**<br>| **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Net Unamortized** <br>**Upfront Payments** <br>**(Receipts)**<br>| **Value** |
| **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** |  |  |  |
| ***Interest Rate Swaps***  | ***Interest Rate Swaps***  | ***Interest Rate Swaps***  | ***Interest Rate Swaps***  | ***Interest Rate Swaps***  | ***Interest Rate Swaps***  |  |  |  |
| 3/18/31 | MYR | 42054000  | &nbsp;&nbsp; Merrill Lynch <br> International<br>| 3.2735% / Quarterly  | &nbsp;&nbsp; 3-Month KLIBOR / <br> Quarterly <br>| &nbsp;&nbsp; $61406 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $61406 |

---

At July 31, 2025, the fund had cash collateral of $2,208,240 to cover any collateral or margin obligations for certain derivative contracts.

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

------

**Supplemental Information**

7/31/25 (unaudited)

The fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial

Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies.

**(1) Investment Valuations**

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

Under the fund's valuation policy and procedures, debt instruments and floating rate loans, including restricted debt instruments, are

generally valued at an evaluated or composite bid as provided by a third-party pricing service. Short-term instruments with a maturity at

issuance of 60 days or less may be valued at amortized cost, which approximates market value. Futures contracts are generally valued at last posted settlement price on their primary exchange as provided by a third-party pricing service. Futures contracts for which there were no trades that day for a particular position are generally valued at the closing bid quotation on their primary exchange as provided by a

third-party pricing service. Forward foreign currency exchange contracts are generally valued at the mean of bid and asked prices for the

time period interpolated from rates provided by a third-party pricing service for proximate time periods. Swap agreements are generally valued using valuations provided by a third-party pricing service, which for cleared swaps includes an evaluation of any trading activity at the

clearinghouses. Open-end investment companies are generally valued at net asset value per share. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.

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

asset value per share.

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

------

*Supplemental Information (unaudited) – continued*

Level 3 includes significant unobservable inputs, which may include the adviser's own assumptions in determining the fair value of investments. Other financial instruments are derivative instruments, such as futures contracts, forward foreign currency exchange contracts, and swap agreements. The following is a summary of the levels used as of July 31, 2025 in valuing the fund's assets and liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Financial Instruments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Non - U.S. Sovereign Debt | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $423210689 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $423210689 |
| Foreign Bonds | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12215577 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12215577 |
| Investment Companies | &nbsp;&nbsp;&nbsp; 26818976 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26818976 |
| Total | &nbsp;&nbsp;&nbsp; $26818976 | &nbsp;&nbsp;&nbsp; $435426266 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $462245242 |
| **Other Financial Instruments** |  |  |  |  |
| Futures Contracts – Assets | &nbsp;&nbsp;&nbsp; $25082 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $25082 |
| Futures Contracts – Liabilities | &nbsp;&nbsp;&nbsp; (5564)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (5564)<br>|
| Forward Foreign Currency Exchange Contracts – Assets | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2984309 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2984309 |
| Forward Foreign Currency Exchange Contracts – Liabilities | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (2514880)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (2514880)<br>|
| Swap Agreements – Assets | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 438948 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 438948 |
| Swap Agreements – Liabilities | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (546279)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (546279)<br>|

---

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

**(2) Investments in Affiliated Issuers**

An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. For the purposes of this report, the following were affiliated issuers for the period ended July 31, 2025:

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Issuers** | **Beginning** <br>**Value**<br>| **Purchases** | **Sales** <br>**Proceeds**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation or** <br>**Depreciation**<br>| **Ending** <br>**Value**<br>|
| MFS Institutional Money Market Portfolio  | &nbsp;&nbsp; $28662984 | &nbsp;&nbsp; $204601349 | &nbsp;&nbsp; $206441305 | &nbsp;&nbsp; $(3298)<br>| &nbsp;&nbsp; $(754)<br>| &nbsp;&nbsp; $26818976<br>|

---

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

---

| | | |
|:---|:---|:---|
| **Affiliated Issuers** | **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| MFS Institutional Money Market Portfolio  | &nbsp;&nbsp; $612316 | &nbsp;&nbsp; $— |

---

**(3) Issuer Country Weightings**

Issuer country weighting percentages of portfolio holdings based on net assets, as of July 31, 2025, are as follows:

---

| | |
|:---|:---|
| Mexico | 10.4% |
| Indonesia | 9.7% |
| China | 9.1% |
| Thailand | 8.0% |
| Brazil | 7.6% |
| South Africa | 7.5% |
| Malaysia | 7.1% |
| India | 6.4% |
| United States | (7.9)% |
| Other Countries | 42.1% |

---

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

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

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

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

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

- **b. EDGAR series identifier (if any):** S000033795

- **c. LEI of Series:** 5493001KPK8UJ27DMD68

**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:** $477794805.21

**Total Liabilities:** $4893788.70

**Net Assets:** $472901016.51

**Delayed Delivery Securities:** $892744.60

**Cash Not Reported:** $2926880.45

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -44.26000000 | **1-Year:** -2212.18000000 | **5-Year:** -7841.18000000 | **10-Year:** -5980.53000000 | **30-Year:** 0.00000000

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

- **3-Month:** -152.32000000 | **1-Year:** -1011.62000000 | **5-Year:** -3493.58000000 | **10-Year:** -7722.29000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000104417 | 1.34%                | 2.87%                | -1.36%               |
| Class ID C000123138 | 1.43%                | 2.96%                | -1.44%               |
| Class ID C000104419 | 1.43%                | 2.97%                | -1.28%               |
| Class ID C000104422 | 1.40%                | 2.93%                | -1.30%               |
| Class ID C000104423 | 1.42%                | 3.12%                | -1.44%               |
| Class ID C000104418 | 1.52%                | 2.87%                | -1.53%               |
| Class ID C000104420 | 1.33%                | 2.86%                | -1.35%               |
| Class ID C000104416 | 1.40%                | 2.94%                | -1.30%               |
| Class ID C000104421 | 1.38%                | 2.92%                | -1.32%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2120841.83             | $7319798.54                                |
| Month 2  | $-1390774.82             | $10607960.59                               |
| Month 3  | $-1329490.50             | $-7642775.67                               |

**Designated Index Information**

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

- **Index Identifier:** JGENVUUG

### Schedule of Portfolio Investments

| Name                                     | Title                                                                                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |      Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Merrill Lynch International              | PURCHASED TRY / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DFE              |  | TR        |            1 | NC      | $23711.54     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                     | Indonesia Treasury Bond                                                                                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 112045000000 | PA      | $6904505.01   | 1.46%             | 2030-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED USD / SOLD CLP                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $157489.89    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC                 | Navoi Mining & Metallurgical Combinat                                                                                      | CUSIP: 63890CAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |       785000 | PA      | $802852.79    | 0.17%             | 2028-10-17      | Fixed         | 6.70%                 | Yes           |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                  | European Bank for Reconstruction & Development                                                                             | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | N/A       |    296200000 | PA      | $3422578.98   | 0.72%             | 2031-07-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                  | Mexican Bonos                                                                                                              | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    394300000 | PA      | $18925772.97  | 4.00%             | 2034-11-23      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED USD / SOLD RON                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $54754.22     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa                 | Republic of South Africa Government Bond                                                                                   | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     80059000 | PA      | $4104809.57   | 0.87%             | 2031-02-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BONOS TESORERIA PESOS                    | Bonos de la Tesoreria de la Republica en pesos                                                                             | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   1820000000 | PA      | $1812499.08   | 0.38%             | 2030-09-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.            | PURCHASED PLN / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | PL        |            1 | NC      | $-298183.29   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                         | PURCHASED USD / SOLD EUR                                                                                                   | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |            1 | NC      | $19501.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch International              | Long: SM11489   EQT BRL R E CDI/FIXED11.12/MAT02012029 / Short: SM11489   EQT BRL P E FLOAT/BCDIDR/CCP                     | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DIR              |  | BR        |     10545000 | OU      | $-108976.27   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED TRY / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | TR        |            1 | NC      | $30855.84     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                         | PURCHASED INR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | IN        |            1 | NC      | $-57044.53    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BONOS TESORERIA PESOS                    | Bonos de la Tesoreria de la Republica en pesos                                                                             | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   4030000000 | PA      | $4213836.30   | 0.89%             | 2029-10-01      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED USD / SOLD KZT                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $20397.15     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                      | Muthoot Finance Ltd                                                                                                        | CUSIP: 62828L2C6<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |      1515000 | PA      | $1550259.16   | 0.33%             | 2028-02-14      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED USD / SOLD INR                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $3781.42      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED INR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | IN        |            1 | NC      | $-30357.56    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.            | PURCHASED USD / SOLD PLN                                                                                                   | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $160775.71    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                     | Indonesia Treasury Bond                                                                                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 108468000000 | PA      | $6801516.56   | 1.44%             | 2030-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CZECHOSLOVAK GROUP                       | Czechoslovak Group AS                                                                                                      | CUSIP: 000000000<br>LEI: 315700SWFD7G70AVG768 | Long             | DBT              | CORP              | CZ        |      1050000 | PA      | $1063230.56   | 0.22%             | 2031-01-10      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Deutsche Bank AG                         | PURCHASED BRL / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | BR        |            1 | NC      | $47285.01     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                      | Egypt Treasury Bills                                                                                                       | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     55475000 | PA      | $1077546.05   | 0.23%             | 2025-10-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED USD / SOLD COP                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $445047.24    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                 | Thailand Government Bond                                                                                                   | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    111146000 | PA      | $4121608.89   | 0.87%             | 2043-06-17      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA                       | Peru Government Bond                                                                                                       | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     20316000 | PA      | $6210082.23   | 1.31%             | 2031-08-12      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| EPH FIN INTERNATIONAL AS                 | EPH Financing International AS                                                                                             | CUSIP: 000000000<br>LEI: 3157003E5A4ZV0JCSM65 | Long             | DBT              | CORP              | CZ        |      1161000 | PA      | $1448594.17   | 0.31%             | 2028-11-13      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED TRY / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | TR        |            1 | NC      | $1010.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC      | PURCHASED INR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | IN        |            1 | NC      | $-6409.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED INR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | IN        |            1 | NC      | $-76962.85    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                     | Paraguay Government International Bond                                                                                     | CUSIP: 699149BX7<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |   7712000000 | PA      | $997463.28    | 0.21%             | 2035-03-04      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                     | Indonesia Treasury Bond                                                                                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  70547000000 | PA      | $4332594.34   | 0.92%             | 2028-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED USD / SOLD CAD                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $1758.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED KZT / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | KZ        |            1 | NC      | $-36168.55    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED PHP / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | PH        |            1 | NC      | $-9209.34     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                      | Malaysia Government Bond                                                                                                   | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     63133000 | PA      | $15004634.34  | 3.17%             | 2032-07-15      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED BRL / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | BR        |            1 | NC      | $-19175.55    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                  | Turkiye Government Bond                                                                                                    | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    112756000 | PA      | $2543545.87   | 0.54%             | 2033-10-05      | Fixed         | 26.20%                | No            |                  2 | On Loan: No      |
| LCH Ltd.                                 | Long: SM11837   IRS THB R F  1.26300 SM11837_FIX CCPNDFOIS / Short: SM11837   IRS THB P V 03MTHOR SM11837_FLO CCPNDFOIS    | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    324751000 | OU      | $-18974.28    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED RSD / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | RS        |            1 | NC      | $-66975.69    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                         | PURCHASED USD / SOLD RON                                                                                                   | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $73777.50     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CNTL AMR BOTTLING CORP                   | Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL                                                  | CUSIP: 15239XAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |       626000 | PA      | $608163.70    | 0.13%             | 2029-04-27      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED USD / SOLD THB                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $16792.91     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AES ANDES SA                             | AES Andes SA                                                                                                               | CUSIP: 00111VAD9<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |      1064000 | PA      | $1081679.42   | 0.23%             | 2032-03-14      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED USD / SOLD INR                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $11713.01     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED MXN / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | MX        |            1 | NC      | $-18323.85    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                     | Petronas Capital Ltd                                                                                                       | CUSIP: 716743AW9<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |      1157000 | PA      | $1174669.78   | 0.25%             | 2035-04-03      | Fixed         | 5.34%                 | Yes           |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND                  | Romania Government Bond                                                                                                    | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     14375000 | PA      | $3253386.46   | 0.69%             | 2033-07-27      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ALBANIA                      | Albania Government International Bond                                                                                      | CUSIP: 000000000<br>LEI: 254900EDM43U3SGRND29 | Long             | DBT              | NUSS              | AL        |      1147000 | PA      | $1316247.20   | 0.28%             | 2035-02-14      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED USD / SOLD CLP                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $-2336.87     | -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      | $26456.53     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                 | Long: SM11847   IRS CNY R F  1.50652 SM11847_FIX CCPVANILLA / Short: SM11847   IRS CNY P V 03MCNRR SM11847_FLO CCPVANILLA  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    103627000 | OU      | $-43824.47    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED USD / SOLD IDR                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $29729.10     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                 | Long: SM11705   IRS INR R F  5.94275 SM11705_FIX CCPNDFOIS / Short: SM11705   IRS INR P V 06MMIBOR SM11705_FLO CCPNDFOIS   | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    491000000 | OU      | $54276.68     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| COCA-COLA FEMSA SAB CV                   | Coca-Cola Femsa SAB de CV                                                                                                  | CUSIP: 191241AK4<br>LEI: 5493008KEVFYPMGTXO33 | Long             | DBT              | CORP              | MX        |      1113000 | PA      | $1106132.79   | 0.23%             | 2035-05-06      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                         | PURCHASED USD / SOLD INR                                                                                                   | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $-47151.96    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch International              | Long: SM11777   EQT BRL R E CDI/FIXED14.46680/MAT20290102 / Short: SM11777   EQT BRL P E FLOAT/BCDIDR/CCP                  | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DIR              |  | BR        |     14000000 | OU      | $48558.90     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                  | America Movil SAB de CV                                                                                                    | CUSIP: 000000000<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |     33690000 | PA      | $1833531.93   | 0.39%             | 2029-01-22      | Fixed         | 10.13%                | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                         | PURCHASED INR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | IN        |            1 | NC      | $-14934.83    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED USD / SOLD CNH                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $-77252.91    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED USD / SOLD EUR                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $37641.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND                  | Romania Government Bond                                                                                                    | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     37160000 | PA      | $8673044.95   | 1.83%             | 2028-10-30      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                  | Mexican Bonos                                                                                                              | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     86400000 | PA      | $4159245.16   | 0.88%             | 2033-05-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Eskom Holdings SOC Ltd                   | Eskom Holdings SOC Ltd                                                                                                     | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |     36000000 | PA      | $1964213.95   | 0.42%             | 2026-04-02      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.            | PURCHASED HUF / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | HU        |            1 | NC      | $-85125.77    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CHINA DEVELOPMENT BANK                   | China Development Bank                                                                                                     | CUSIP: 000000000<br>LEI: 300300C1020111000029 | Long             | DBT              | NUSS              | CN        |     77310000 | PA      | $11120214.02  | 2.35%             | 2034-07-19      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED INR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | IN        |            1 | NC      | $-54568.48    | -0.01%            |  |  |  | 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      | $-6070.30     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR                 | Corp Financiera de Desarrollo SA                                                                                           | CUSIP: 21987DAH7<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |       996000 | PA      | $1006856.40   | 0.21%             | 2030-05-06      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND                  | Romania Government Bond                                                                                                    | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     34900000 | PA      | $8036639.24   | 1.70%             | 2030-04-29      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                  | European Bank for Reconstruction & Development                                                                             | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | N/A       |     94000000 | PA      | $1078108.04   | 0.23%             | 2032-01-13      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                    | Philippine Government Bond                                                                                                 | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    147000000 | PA      | $2528588.30   | 0.53%             | 2031-01-18      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED BRL / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | BR        |            1 | NC      | $-26064.33    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED USD / SOLD INR                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $16786.45     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa                 | Republic of South Africa Government Bond                                                                                   | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    319352000 | PA      | $16716355.86  | 3.53%             | 2035-02-28      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED USD / SOLD THB                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $209416.21    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED INR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | IN        |            1 | NC      | $-58675.21    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BONOS TESORERIA PESOS                    | Bonos de la Tesoreria de la Republica en pesos                                                                             | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   7665000000 | PA      | $7997493.34   | 1.69%             | 2028-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                   | Republic of Poland Government Bond                                                                                         | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     17050000 | PA      | $4474920.92   | 0.95%             | 2030-07-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                    | India Government Bond                                                                                                      | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |    267800000 | PA      | $3135159.92   | 0.66%             | 2031-12-30      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                     | Indonesia Treasury Bond                                                                                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 124811000000 | PA      | $8582919.49   | 1.81%             | 2039-04-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED THB / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | TH        |            1 | NC      | $-534158.50   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED IDR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | ID        |            1 | NC      | $15859.37     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC      | PURCHASED INR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | IN        |            1 | NC      | $-15369.89    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BAITEREK NATIONAL MANAGI                 | Baiterek National Managing Holding JSC                                                                                     | CUSIP: 05709VAA2<br>LEI: 984500B4F78F04253804 | Long             | DBT              | NUSS              | KZ        |      1647000 | PA      | $1660817.92   | 0.35%             | 2028-05-08      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED USD / SOLD INR                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $39711.74     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED INR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | IN        |            1 | NC      | $-6811.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED BRL / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | BR        |            1 | NC      | $96269.60     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                 | Thailand Government Bond                                                                                                   | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    267281000 | PA      | $9648914.68   | 2.04%             | 2038-06-17      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                 | Long: SM11568   IRS HUF R F  6.17470 SM11568_FIX CCPVANILLA / Short: SM11568   IRS HUF P V 06MBUBOR SM11568_FLO CCPVANILLA | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1000000000 | OU      | $-78465.82    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                   | Republic of Poland Government Bond                                                                                         | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     30559000 | PA      | $6820762.52   | 1.44%             | 2030-10-25      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International              | Long: SM11793   IRS MYR R F  3.27350 SM11793_FIX VANILLA / Short: SM11793   IRS MYR P V 03MKLIBO SM11793_FLO VANILLA       | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DIR              |  | US        |     42054000 | OU      | $61406.43     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED IDR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | ID        |            1 | NC      | $-21385.94    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED USD / SOLD INR                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $5115.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| The Federal Republic of Nigeria          | Nigeria OMO Bill                                                                                                           | CUSIP: 000000000<br>LEI: 549300G1JG004Y3K8S97 | Long             | DBT              | NUSS              | NG        |   1800000000 | PA      | $1049761.82   | 0.22%             | 2026-01-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED INR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | IN        |            1 | NC      | $1666.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                 | Long: SM11528   IRS PLN R F  3.86000 SM11528_FIX CCPVANILLA / Short: SM11528   IRS PLN P V 06MWIBOR SM11528_FLO CCPVANILLA | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     21083000 | OU      | $-96008.59    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| SAN MIGUEL INDUSTRIAS                    | SAN Miguel Industrias Pet SA / NG PET R&P Latin America SA                                                                 | CUSIP: 79911QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |       945000 | PA      | $894650.40    | 0.19%             | 2028-08-02      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED BRL / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | BR        |            1 | NC      | $-1811.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED KRW / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | KR        |            1 | NC      | $-11109.79    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                      | Petroleos Mexicanos                                                                                                        | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     10559900 | PA      | $537600.54    | 0.11%             | 2026-11-12      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED USD / SOLD EUR                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $63487.85     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                  | Mexican Bonos                                                                                                              | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    129800000 | PA      | $6843862.39   | 1.45%             | 2029-05-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                  | International Bank for Reconstruction & Development                                                                        | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | N/A       |     59140000 | PA      | $1393565.07   | 0.29%             | 2035-05-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC      | PURCHASED BRL / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | BR        |            1 | NC      | $-47866.28    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED COP / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | CO        |            1 | NC      | $-10528.62    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED MYR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | MY        |            1 | NC      | $-944.90      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                  | Hungary Government Bond                                                                                                    | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   2253170000 | PA      | $6126214.71   | 1.30%             | 2028-03-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange              | Long: SM11799   EQT BRL R E CDI/FIXED14.0193/MAT02012031 / Short: SM11799   EQT BRL P E FLOAT/BZDIOVRA/CCP                 | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | BR        |     36492000 | OU      | $66824.83     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                         | PURCHASED USD / SOLD EUR                                                                                                   | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |            1 | NC      | $23066.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC                 | Navoi Mining & Metallurgical Combinat                                                                                      | CUSIP: 63890CAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |       651000 | PA      | $671382.33    | 0.14%             | 2031-10-17      | Fixed         | 6.95%                 | Yes           |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                      | Egypt Treasury Bills                                                                                                       | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     68525000 | PA      | $1382199.45   | 0.29%             | 2025-08-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange              | Long: SM11801   EQT BRL R E CDI/FIXED13.75/MAT02012031 / Short: SM11801   EQT BRL P E FLOAT/BZDIOVRA/CCP                   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | BR        |     20172000 | OU      | $29532.75     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED BRL / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | BR        |            1 | NC      | $-109881.21   | -0.02%            |  |  |  | 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        |    102553000 | PA      | $17376461.24  | 3.67%             | 2027-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                  | Mexican Bonos                                                                                                              | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    178600000 | PA      | $8981691.28   | 1.90%             | 2031-05-29      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                           | PURCHASED RSD / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | RS        |            1 | NC      | $-2394.66     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                    | Philippine Government Bond                                                                                                 | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    244410000 | PA      | $4589453.03   | 0.97%             | 2031-07-19      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED USD / SOLD BRL                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $98807.45     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED USD / SOLD PHP                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $22470.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                     | Colombian TES                                                                                                              | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  25370400000 | PA      | $5316274.48   | 1.12%             | 2030-09-18      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED IDR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | ID        |            1 | NC      | $5355.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                  | Hungary Government Bond                                                                                                    | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   1878930000 | PA      | $4565329.64   | 0.97%             | 2030-08-21      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MFS Institutional Money Market Portfolio | MFS Institutional Money Market Portfolio                                                                                   | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | EC               | RF                | US        |     26737655 | NS      | $26737655.12  | 5.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED PLN / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | PL        |            1 | NC      | $-151294.61   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Czech Republic                           | Czech Republic Government Bond                                                                                             | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    200360000 | PA      | $7870369.43   | 1.66%             | 2033-10-13      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED CNH / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | CN        |            1 | NC      | $-26891.39    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                        | EURO-BUND FUTURE SEP25                                                                                                     | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |           -9 | NC      | $14563.27     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INDONESIA GOVERNMENT                     | Indonesia Treasury Bond                                                                                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |   8244000000 | PA      | $498297.32    | 0.11%             | 2036-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                           | Czech Republic Government Bond                                                                                             | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    107000000 | PA      | $5064611.59   | 1.07%             | 2032-11-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED INR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | IN        |            1 | NC      | $-37257.47    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED USD / SOLD IDR                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $1792.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                   | Republic of Poland Government Bond                                                                                         | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |      8650000 | PA      | $2246468.63   | 0.48%             | 2034-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV                 | Asian Infrastructure Investment Bank/The                                                                                   | CUSIP: 000000000<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | N/A       |     94400000 | PA      | $1079056.85   | 0.23%             | 2032-01-23      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange              | Long: SM11756   IRS MXN R F  8.59300 SM11756_FIX CCPOIS / Short: SM11756   IRS MXN P V 00MTIEF SM11756_FLO CCPOIS          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     95700000 | OU      | $64373.81     | 0.01%             |  |  |  | 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        |     60936000 | PA      | $9379525.01   | 1.98%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED USD / SOLD CLP                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $30150.24     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                      | Malaysia Government Bond                                                                                                   | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     30787000 | PA      | $7352065.53   | 1.55%             | 2050-06-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                    | China Government Bond                                                                                                      | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |     10310000 | PA      | $1787223.53   | 0.38%             | 2053-04-15      | Fixed         | 3.19%                 | 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      | $-3084.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED USD / SOLD IDR                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $26108.86     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                         | PURCHASED USD / SOLD INR                                                                                                   | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $5527.73      | 0.00%             |  |  |  | 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        |       550000 | PA      | $534329.13    | 0.11%             | 2029-04-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED TRY / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | TR        |            1 | NC      | $30661.14     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED USD / SOLD CLP                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $10340.59     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                         | PURCHASED USD / SOLD EUR                                                                                                   | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |            1 | NC      | $66679.34     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                 | European Investment Bank                                                                                                   | CUSIP: 000000000<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | N/A       |    298200000 | PA      | $3562374.89   | 0.75%             | 2033-10-23      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| EMPRESAS PUBLIC MEDELLIN                 | Empresas Publicas de Medellin ESP                                                                                          | CUSIP: 29246BAD0<br>LEI: 549300SU25TO8EMXB434 | Long             | DBT              | CORP              | CO        |   4009000000 | PA      | $882206.84    | 0.19%             | 2027-11-08      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                     | Indonesia Treasury Bond                                                                                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 177025000000 | PA      | $10891636.60  | 2.30%             | 2035-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED USD / SOLD IDR                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $44013.52     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED USD / SOLD CLP                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $9407.52      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED INR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | IN        |            1 | NC      | $-58134.99    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED USD / SOLD IDR                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $1447.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED USD / SOLD INR                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $21506.72     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED IDR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | ID        |            1 | NC      | $275306.72    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                    | Philippine Government Bond                                                                                                 | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    160830000 | PA      | $2839706.13   | 0.60%             | 2029-01-10      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                    | Philippine Government Bond                                                                                                 | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |     42500000 | PA      | $741458.97    | 0.16%             | 2030-07-27      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                     | Indonesia Treasury Bond                                                                                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  14000000000 | PA      | $871165.00    | 0.18%             | 2040-08-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT OF JAMAICA                    | Jamaica Government International Bond                                                                                      | CUSIP: 470160CF7<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |    320500000 | PA      | $2073059.54   | 0.44%             | 2030-11-03      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED INR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | IN        |            1 | NC      | $7187.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch International              | PURCHASED USD / SOLD CAD                                                                                                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DFE              |  | US        |            1 | NC      | $16802.93     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                 | Thailand Government Bond                                                                                                   | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    254937000 | PA      | $8984070.61   | 1.90%             | 2032-06-25      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED USD / SOLD ZAR                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $17931.31     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RED CARRETERAS OCCIDE                    | Red de Carreteras de Occidente SAB de CV                                                                                   | CUSIP: 000000000<br>LEI: 549300L1K86IY3XOY318 | Long             | DBT              | CORP              | MX        |      5597400 | PA      | $294935.73    | 0.06%             | 2028-06-10      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED USD / SOLD ZAR                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $273.54       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED USD / SOLD EUR                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $65085.50     | 0.01%             |  |  |  | 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      | $-5160.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED USD / SOLD INR                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $58777.35     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch International              | PURCHASED CNH / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DFE              |  | CN        |            1 | NC      | $45641.01     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.            | PURCHASED MXN / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | MX        |            1 | NC      | $-24759.63    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                         | PURCHASED IDR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | ID        |            1 | NC      | $-6828.86     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED USD / SOLD PHP                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $296343.81    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa                 | Republic of South Africa Government Bond                                                                                   | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    210681000 | PA      | $11202337.25  | 2.37%             | 2032-03-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV                 | Asian Infrastructure Investment Bank/The                                                                                   | CUSIP: 000000000<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | N/A       |    339800000 | PA      | $3852436.50   | 0.81%             | 2033-06-30      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED USD / SOLD CAD                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $29115.83     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED USD / SOLD BRL                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-128003.81   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                    | India Government Bond                                                                                                      | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |    953990000 | PA      | $11367316.90  | 2.40%             | 2037-07-24      | Fixed         | 7.18%                 | No            |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                    | India Government Bond                                                                                                      | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |    715550000 | PA      | $8535136.93   | 1.80%             | 2039-04-15      | Fixed         | 7.23%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                        | EURO-BOBL FUTURE SEP25                                                                                                     | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |          -11 | NC      | $10518.70     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED MYR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | MY        |            1 | NC      | $-113384.27   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                 | Long: SM11596   IRS PLN R F  5.19520 SM11596_FIX CCPVANILLA / Short: SM11596   IRS PLN P V 06MWIBOR SM11596_FLO CCPVANILLA | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      7250000 | OU      | $74251.62     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED USD / SOLD INR                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $11558.13     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED USD / SOLD IDR                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $684.70       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Transnet SOC Ltd                         | Transnet SOC Ltd                                                                                                           | CUSIP: 000000000<br>LEI: 378900B07CD6F01EA796 | Long             | DBT              | CORP              | ZA        |     14800000 | PA      | $852480.54    | 0.18%             | 2028-04-18      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED PLN / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | PL        |            1 | NC      | $-17704.13    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                 | Eagle Funding Luxco Sarl                                                                                                   | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |       895000 | PA      | $899027.50    | 0.19%             | 2030-08-17      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED PEN / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | PE        |            1 | NC      | $-5800.14     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| The Federal Republic of Nigeria          | Nigeria OMO Bill                                                                                                           | CUSIP: 000000000<br>LEI: 549300G1JG004Y3K8S97 | Long             | DBT              | NUSS              | NG        |   2284045000 | PA      | $1339819.01   | 0.28%             | 2026-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                 | Thailand Government Bond                                                                                                   | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    142127000 | PA      | $4994683.83   | 1.06%             | 2045-06-17      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                           | Czech Republic Government Bond                                                                                             | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    115790000 | PA      | $4628976.13   | 0.98%             | 2032-06-23      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| KALLPA GENERACION SA                     | Kallpa Generacion SA                                                                                                       | CUSIP: 48344FAB6<br>LEI: 549300NG1PWEI5BZG095 | Long             | DBT              | CORP              | PE        |       896000 | PA      | $917862.41    | 0.19%             | 2032-01-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BONOS DE TESORERIA                       | Peru Government Bond                                                                                                       | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     15925000 | PA      | $4550804.95   | 0.96%             | 2035-08-12      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC      | PURCHASED USD / SOLD INR                                                                                                   | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |            1 | NC      | $24518.15     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch International              | PURCHASED USD / SOLD EUR                                                                                                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DFE              |  | US        |            1 | NC      | $6722.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                 | Long: SM11527   IRS HUF R F  6.05000 SM11527_FIX CCPVANILLA / Short: SM11527   IRS HUF P V 03MBUBOR SM11527_FLO CCPVANILLA | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2205927000 | OU      | $-200030.74   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                   | Republic of Poland Government Bond                                                                                         | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     41824000 | PA      | $9016192.60   | 1.91%             | 2032-04-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND                  | Romania Government Bond                                                                                                    | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     20470000 | PA      | $4567521.02   | 0.97%             | 2034-07-31      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International              | PURCHASED CZK / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DFE              |  | CZ        |            1 | NC      | $-116933.49   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                 | Uruguay Government International Bond                                                                                      | CUSIP: 000000000<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    172449000 | PA      | $4293313.18   | 0.91%             | 2028-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED USD / SOLD ZAR                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $291.37       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED USD / SOLD INR                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $41043.58     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.            | PURCHASED MXN / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | MX        |            1 | NC      | $-12684.16    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                     | Colombian TES                                                                                                              | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  66735600000 | PA      | $16089602.66  | 3.40%             | 2029-08-22      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                    | China Government Bond                                                                                                      | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    104730000 | PA      | $15779282.63  | 3.34%             | 2033-02-25      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.            | PURCHASED USD / SOLD HUF                                                                                                   | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $7115.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED USD / SOLD INR                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $21148.23     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED USD / SOLD CAD                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $16954.64     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                   | US 10YR ULTRA FUT SEP25                                                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          -64 | NC      | $-5563.64     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ROMANIA                                  | Romanian Government International Bond                                                                                     | CUSIP: 77586RAY6<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |      1610000 | PA      | $1617204.75   | 0.34%             | 2030-09-16      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                     | Indonesia Treasury Bond                                                                                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 105726000000 | PA      | $6396720.48   | 1.35%             | 2032-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                     | Colombian TES                                                                                                              | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  13078400000 | PA      | $2555102.47   | 0.54%             | 2031-03-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                        | PURCHASED USD / SOLD INR                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $21376.29     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED INR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | IN        |            1 | NC      | $-24123.22    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED INR / SOLD USD                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | IN        |            1 | NC      | $-6989.24     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange              | Long: SM11794   EQT BRL R E CDI/FIXED14.27456/MAT02012031 / Short: SM11794   EQT BRL P E FLOAT/BZDIOVRA/CCP                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | BR        |     12000000 | OU      | $36163.62     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA                       | Peru Government Bond                                                                                                       | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |      7482000 | PA      | $2271017.26   | 0.48%             | 2033-08-12      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-29

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

**Signature:** James Byrne

**Name of Signer:** James Byrne

**Title:** Assistant Treasurer