# EDGAR Filing Document

**Accession Number:** 0001432353
**File Stem:** 0002048251-26-000824
**Filing Date:** 2026-1
**Character Count:** 96672
**Document Hash:** 28b5c12b6ff20d237c81bdecdcff18fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-000824.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0002048251-26-000824

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Global X Funds
- **CENTRAL INDEX KEY:** 0001432353

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22209
- **FILM NUMBER:** 26577304

**BUSINESS ADDRESS:**
- **STREET 1:** 605 THIRD AVENUE
- **STREET 2:** 43RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10158
- **BUSINESS PHONE:** (212) 644-6110

**MAIL ADDRESS:**
- **STREET 1:** 605 THIRD AVENUE
- **STREET 2:** 43RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10158

## Series and Classes Contracts Data

### Global X Emerging Markets Bond ETF (Series ID: S000068582)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000219481 | Global X Emerging Markets Bond ETF | EMBD            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** GLOBAL X FUNDS

- **b. Investment Company Act file number:** 811-22209

- **c. CIK number of Registrant:** 0001432353

- **d. LEI of Registrant:** 5493003RA4QUTSYF1N15

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

  - **Street Address 1:** 605 Third Avenue

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10158

  - **Telephone number:** 2126446110

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

- **a. Name of Series:** Global X Emerging Markets Bond ETF

- **b. EDGAR series identifier (if any):** S000068582

- **c. LEI of Series:** 549300KX08Z5S53TKH78

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $282328086.18

**Total Liabilities:** $80385.38

**Net Assets:** $282247700.80

**Cash Not Reported:** $1974941.15

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -258.99638821 | **1-Year:** -8069.11743106 | **5-Year:** -31375.41382211 | **10-Year:** -42198.70630170 | **30-Year:** -24993.18789616

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

- **3-Month:** -236.10212609 | **1-Year:** -6490.91462467 | **5-Year:** -23950.65822318 | **10-Year:** -23657.73235928 | **30-Year:** -6979.65313298

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000219481 | 0.38%                | 1.83%                | 1.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $57813.15                | $-127743.10                                |
| Month 2  | $66380.18                | $3184167.05                                |
| Month 3  | $109575.69               | $1927544.91                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Becle, S.A.B. de C.V.                                                          | BECLE SAB DE CV 2.500000% 10/14/2031                                    | CUSIP: P0929YAA4<br>LEI: 529900JY55CZKMJLCE09 | Long             | DBT              | NUSS              | MX        |    700000 | PA      | $610468.46    | 0.22%             | 2031-10-14      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                                       | REPUBLIC OF SOUTH AFRICA 4.850000% 09/30/2029                           | CUSIP: 836205BA1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1800000 | PA      | $1800985.59   | 0.64%             | 2029-09-30      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Kallpa Generacion S.A.                                                         | KALLPA GENERACION SA 5.500000% 09/11/2035                               | CUSIP: P6040KAD9<br>LEI: 549300NG1PWEI5BZG095 | Long             | DBT              | NUSS              | PE        |    700000 | PA      | $703500.00    | 0.25%             | 2035-09-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Republica del Peru                                                             | REPUBLIC OF PERU 8.750000% 11/21/2033                                   | CUSIP: 715638AP7<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   2400000 | PA      | $3023760.00   | 1.07%             | 2033-11-21      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Petroleos del Peru - Petroperu S.A.                                            | PETROLEOS DEL PERU SA 5.625000% 06/19/2047                              | CUSIP: P7808BAB3<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | NUSS              | PE        |   1000000 | PA      | $711310.00    | 0.25%             | 2047-06-19      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                         | ARAB REPUBLIC OF EGYPT 5.800000% 09/30/2027                             | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |   3300000 | PA      | $3320177.95   | 1.18%             | 2027-09-30      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Estados Unidos Mexicanos                                                       | UNITED MEXICAN STATES 5.625000% 09/22/2035                              | CUSIP: 91087BBL3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   2500000 | PA      | $2473800.00   | 0.88%             | 2035-09-22      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Emirate of Sharjah                                                             | FIN DEPT GOVT SHARJAH 6.500000% 11/23/2032                              | CUSIP: N/A<br>LEI: 254900ZNL8O3F1CLJO24       | Long             | DBT              | NUSS              | AE        |   1300000 | PA      | $1404302.82   | 0.50%             | 2032-11-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Republic of Trinidad and Tobago                                                | TRINIDAD & TOBAGO 6.400000% 06/26/2034                                  | CUSIP: P93960AK1<br>LEI: HYBZ5SXKW67ICKUUWH81 | Long             | DBT              | NUSS              | TT        |   1200000 | PA      | $1209264.00   | 0.43%             | 2034-06-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Magyarorszag                                                                   | HUNGARY 6.250000% 09/22/2032                                            | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |   2000000 | PA      | $2138087.74   | 0.76%             | 2032-09-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Kingdom of Saudi Arabia                                                        | SAUDI GOVERNMENT INTERNATIONAL BOND MTN 4.500000% 04/17/2030            | CUSIP: N/A<br>LEI: 635400FMICXSM3SI3H65       | Long             | DBT              | NUSS              | SA        |    600000 | PA      | $606850.36    | 0.22%             | 2030-04-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Republica Oriental del Uruguay                                                 | REPUBLICA ORIENT URUGUAY 5.100000% 06/18/2050                           | CUSIP: 760942BA9<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |   1200000 | PA      | $1144800.00   | 0.41%             | 2050-06-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                                              | REPUBLIC OF GHANA 5.000000% 07/03/2035                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |    700000 | PA      | $620602.94    | 0.22%             | 2035-07-03      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pemerintah Republik Indonesia                                                  | REPUBLIC OF INDONESIA 4.550000% 01/11/2028                              | CUSIP: 455780DQ6<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |   1200000 | PA      | $1209050.95   | 0.43%             | 2028-01-11      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Emirate of Abu Dhabi                                                           | ABU DHABI GOVERNMENT INTERNATIONAL BOND MTN 3.625000% 10/02/2028        | CUSIP: N/A<br>LEI: 213800FER4348CINTA77       | Long             | DBT              | NUSS              | AE        |   1400000 | PA      | $1392015.25   | 0.49%             | 2028-10-02      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| State of Kuwait                                                                | KUWAIT INTL BOND 4.016000% 10/09/2028                                   | CUSIP: N/A<br>LEI: 549300FSC1YD0D9XX589       | Long             | DBT              | NUSS              | KW        |   2200000 | PA      | $2200070.95   | 0.78%             | 2028-10-09      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| Corporacion Nacional del Cobre de Chile                                        | CORP NACIONAL DEL COBRE DE CHILE 3.625000% 08/01/2027                   | CUSIP: P3143NAY0<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | NUSS              | CL        |   1500000 | PA      | $1483458.15   | 0.53%             | 2027-08-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Republica del Ecuador                                                          | REPUBLIC OF ECUADOR 6.900000% 07/31/2035                                | CUSIP: N/A<br>LEI: 5299003Y2U5XK0A35H71       | Long             | DBT              | NUSS              | EC        |   2000000 | PA      | $1694000.00   | 0.60%             | 2035-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Company                                                      | SAUDI ARABIAN OIL CO MTN 3.500000% 04/16/2029                           | CUSIP: N/A<br>LEI: 5586006WD91QHB7J4X50       | Long             | DBT              | NUSS              | SA        |    800000 | PA      | $781326.40    | 0.28%             | 2029-04-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Estados Unidos Mexicanos                                                       | UNITED MEXICAN STATES 2.659000% 05/24/2031                              | CUSIP: 91087BAM2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    600000 | PA      | $535500.00    | 0.19%             | 2031-05-24      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| Royaume du Maroc                                                               | KINGDOM OF MOROCCO 6.500000% 09/08/2033                                 | CUSIP: N/A<br>LEI: 529900F3MBW9XY5K1X07       | Long             | DBT              | NUSS              | MA        |    400000 | PA      | $433863.02    | 0.15%             | 2033-09-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Republic of Nigeria                                                    | REPUBLIC OF NIGERIA 7.143000% 02/23/2030                                | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | NG        |    800000 | PA      | $813055.28    | 0.29%             | 2030-02-23      | Fixed         | 7.14%                 | No            |                  2 | On Loan: No      |
| Federal Republic of Nigeria                                                    | REPUBLIC OF NIGERIA 8.747000% 01/21/2031                                | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | NG        |   2200000 | PA      | $2361463.70   | 0.84%             | 2031-01-21      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Republic of the Philippines                                                    | REPUBLIC OF PHILIPPINES 6.375000% 10/23/2034                            | CUSIP: 718286BG1<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |   1900000 | PA      | $2137682.10   | 0.76%             | 2034-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Republica de Colombia                                                          | REPUBLIC OF COLOMBIA 4.500000% 03/15/2029                               | CUSIP: 195325DP7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1400000 | PA      | $1371230.00   | 0.49%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Republica de Colombia                                                          | REPUBLIC OF COLOMBIA 3.250000% 04/22/2032                               | CUSIP: 195325DZ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   2700000 | PA      | $2289600.00   | 0.81%             | 2032-04-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Republic of Ukraine                                                            | UKRAINE GOVERNMENT 0.000000% 02/01/2034                                 | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |   1500000 | PA      | $690262.65    | 0.24%             | 2034-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Magyarorszag                                                                   | HUNGARY 5.500000% 03/26/2036                                            | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |   1000000 | PA      | $1000745.98   | 0.35%             | 2036-03-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                                       | REPUBLIC OF SOUTH AFRICA 4.875000% 04/14/2026                           | CUSIP: 836205AT1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1600000 | PA      | $1601449.94   | 0.57%             | 2026-04-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Republica Federativa do Brasil                                                 | FED REPUBLIC OF BRAZIL 6.000000% 10/20/2033                             | CUSIP: 105756CF5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   4000000 | PA      | $4055800.00   | 1.44%             | 2033-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ACWA POWER MANAGEMENT AND INVESTMENTS ONE LTD                                  | ACWA POWER MANAGEMENT AND INVESTMENTS ONE LTD 5.950000% 12/15/2039      | CUSIP: M00020AA1<br>LEI: 635400M3OWQGQBZOYO38 | Long             | DBT              | NUSS              | SA        |    553800 | PA      | $565256.22    | 0.20%             | 2039-12-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ABU DHABI CRUDE OIL PIPELINE L.L.C.                                            | ABU DHABI CRUDE OIL PIPELINE LLC 4.600000% 11/02/2047                   | CUSIP: AP6574192<br>LEI: 549300DONDFW2383FV66 | Long             | DBT              | NUSS              | AE        |    600000 | PA      | $562546.96    | 0.20%             | 2047-11-02      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| PT Indonesia Asahan Aluminium (Persero)                                        | INDONESIA ASAHAN ALUMINIUM PT / MINERAL INDUSTRI I 6.530000% 11/15/2028 | CUSIP: Y7140WAC2<br>LEI: 2549008P48EB9SN2OI80 | Long             | DBT              | NUSS              | ID        |   1200000 | PA      | $1276891.20   | 0.45%             | 2028-11-15      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Republica de Colombia                                                          | REPUBLIC OF COLOMBIA 7.750000% 11/07/2036                               | CUSIP: 195325EP6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1400000 | PA      | $1466500.00   | 0.52%             | 2036-11-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Republic of Ukraine                                                            | UKRAINE GOVERNMENT 0.000000% 02/01/2036                                 | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |    400000 | PA      | $225378.31    | 0.08%             | 2036-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Republica Federativa do Brasil                                                 | FED REPUBLIC OF BRAZIL 6.125000% 01/22/2032                             | CUSIP: 105756CK4<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   2600000 | PA      | $2685800.00   | 0.95%             | 2032-01-22      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Magyarorszag                                                                   | HUNGARY 5.500000% 06/16/2034                                            | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |   1700000 | PA      | $1723064.70   | 0.61%             | 2034-06-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BIMBO BAKERIES USA, INC.                                                       | BIMBO BAKERIES USA INC 6.400000% 01/15/2034                             | CUSIP: U0901RAC1<br>LEI: 549300HOXXHHT7926W92 | Long             | DBT              | NUSS              | MX        |   1400000 | PA      | $1532736.80   | 0.54%             | 2034-01-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| NBK SPC LIMITED                                                                | NBK SPC LTD 1.625000% 09/15/2027                                        | CUSIP: N/A<br>LEI: 549300P1ANDK86KWB419       | Long             | DBT              | NUSS              | KW        |   1200000 | PA      | $1173067.20   | 0.42%             | 2027-09-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Banco Actinver, S.A., Institucion de Banca Multiple, Grupo Financiero Actinver | FIEMEX ENERGIA - BANCO ACTINVER SA INSTITUCION DE 7.250000% 01/31/2041  | CUSIP: P0R12RAA8<br>LEI: 4469000001BLWI4LQJ08 | Long             | DBT              | NUSS              | MX        |   1683863 | PA      | $1759922.62   | 0.62%             | 2041-01-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Colbun S.A.                                                                    | COLBUN SA 5.375000% 09/11/2035                                          | CUSIP: P2867KAM8<br>LEI: 5493003VQJLE2QB8IF36 | Long             | DBT              | NUSS              | CL        |   1500000 | PA      | $1511265.00   | 0.54%             | 2035-09-11      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Gobierno de la Republica Dominicana                                            | DOMINICAN REPUBLIC 6.400000% 06/05/2049                                 | CUSIP: P3579ECE5<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    200000 | PA      | $196670.00    | 0.07%             | 2049-06-05      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Magyarorszag                                                                   | HUNGARY 6.750000% 09/25/2052                                            | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |    800000 | PA      | $860299.19    | 0.30%             | 2052-09-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| United States of America                                                       | US TREASURY N/B 4.625000% 02/15/2055                                    | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1983125.00   | 0.70%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Republic of Ukraine                                                            | UKRAINE GOVERNMENT 4.500000% 02/01/2034                                 | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |    450000 | PA      | $264313.01    | 0.09%             | 2034-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Azarbayjan Respublikasi                                                        | REPUBLIC OF AZERBAIJAN 3.500000% 09/01/2032                             | CUSIP: N/A<br>LEI: 549300P74FF45UQVU281       | Long             | DBT              | NUSS              | AZ        |    800000 | PA      | $746661.83    | 0.26%             | 2032-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Sultanate of Oman                                                              | OMAN GOV INTERNTL BOND 5.625000% 01/17/2028                             | CUSIP: N/A<br>LEI: 549300SZ20F0QTKNQC75       | Long             | DBT              | NUSS              | OM        |   2100000 | PA      | $2146093.03   | 0.76%             | 2028-01-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Company                                                      | SAUDI ARABIAN OIL CO MTN 5.750000% 07/17/2054                           | CUSIP: N/A<br>LEI: 5586006WD91QHB7J4X50       | Long             | DBT              | NUSS              | SA        |   2000000 | PA      | $1980300.00   | 0.70%             | 2054-07-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Republica de Panama                                                            | REPUBLIC OF PANAMA 6.400000% 02/14/2035                                 | CUSIP: 698299BT0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   3700000 | PA      | $3850220.00   | 1.36%             | 2035-02-14      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Estados Unidos Mexicanos                                                       | UNITED MEXICAN STATES 6.400000% 05/07/2054                              | CUSIP: 91087BBA7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1500000 | PA      | $1462095.00   | 0.52%             | 2054-05-07      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                         | ARAB REPUBLIC OF EGYPT 7.903000% 02/21/2048                             | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |   2000000 | PA      | $1754850.10   | 0.62%             | 2048-02-21      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| DP WORLD CRESCENT LIMITED                                                      | DP WORLD CRESCENT LTD 5.500000% 09/13/2033                              | CUSIP: N/A<br>LEI: 21380096JRTWB8TL9236       | Long             | DBT              | NUSS              | AE        |   1000000 | PA      | $1037308.00   | 0.37%             | 2033-09-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                                       | REPUBLIC OF SOUTH AFRICA 7.100000% 11/19/2036                           | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |   1900000 | PA      | $2043702.05   | 0.72%             | 2036-11-19      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| Estados Unidos Mexicanos                                                       | UNITED MEXICAN STATES 4.750000% 04/27/2032                              | CUSIP: 91087BAK6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1200000 | PA      | $1172880.00   | 0.42%             | 2032-04-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Republica de Panama                                                            | REPUBLIC OF PANAMA 2.252000% 09/29/2032                                 | CUSIP: 698299BN3<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   1700000 | PA      | $1387370.00   | 0.49%             | 2032-09-29      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Republic of Ukraine                                                            | UKRAINE GOVERNMENT 4.500000% 02/01/2035                                 | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |   1600000 | PA      | $929674.66    | 0.33%             | 2035-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Republic of the Philippines                                                    | REPUBLIC OF PHILIPPINES 3.700000% 02/02/2042                            | CUSIP: 718286CB1<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |   1200000 | PA      | $999880.37    | 0.35%             | 2042-02-02      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Republica de Costa Rica                                                        | COSTA RICA GOVERNMENT INTERNATIONAL BOND 144A 6.550000% 04/03/2034      | CUSIP: 221597CR6<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    400000 | PA      | $429400.00    | 0.15%             | 2034-04-03      | Fixed         | 6.55%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                       | US TREASURY N/B 4.250000% 02/15/2054                                    | CUSIP: 912810TX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1862421.88   | 0.66%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Republica de Colombia                                                          | REPUBLIC OF COLOMBIA 3.875000% 04/25/2027                               | CUSIP: 195325DL6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1200000 | PA      | $1182684.00   | 0.42%             | 2027-04-25      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Republique du Senegal                                                          | REPUBLIC OF SENEGAL 6.250000% 05/23/2033                                | CUSIP: N/A<br>LEI: 549300NP14ZLQGWIUZ97       | Long             | DBT              | NUSS              | SN        |   1000000 | PA      | $613521.83    | 0.22%             | 2033-05-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PT Perusahaan Listrik Negara (Persero)                                         | PERUSAHAAN PERSEROAN PERSERO PT PERUSAHAAN LISTRIK 4.125000% 05/15/2027 | CUSIP: 71568QAC1<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | NUSS              | ID        |    400000 | PA      | $399002.48    | 0.14%             | 2027-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Romania                                                                        | ROMANIA 5.875000% 01/30/2029                                            | CUSIP: X7360WCU4<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   1500000 | PA      | $1544553.18   | 0.55%             | 2029-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Gobierno de la Republica Dominicana                                            | DOMINICAN REPUBLIC 6.000000% 07/19/2028                                 | CUSIP: P3579ECB1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1950000 | PA      | $1993485.00   | 0.71%             | 2028-07-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                                              | REPUBLIC OF GHANA ZERO COUPON 07/03/2026                                | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |     80000 | PA      | $78386.80     | 0.03%             | 2026-07-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                         | ARAB REPUBLIC OF EGYPT 7.500000% 01/31/2027                             | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |   1200000 | PA      | $1229608.03   | 0.44%             | 2027-01-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Republica de Panama                                                            | REPUBLIC OF PANAMA 4.500000% 04/01/2056                                 | CUSIP: 698299BM5<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    400000 | PA      | $296640.00    | 0.11%             | 2056-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Kingdom of Bahrain                                                             | KINGDOM OF BAHRAIN 6.750000% 09/20/2029                                 | CUSIP: N/A<br>LEI: 54930065PJIB53WWMP12       | Long             | DBT              | NUSS              | BH        |   1200000 | PA      | $1247026.13   | 0.44%             | 2029-09-20      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                            | PETROLEOS MEXICANOS 7.690000% 01/23/2050                                | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |   1550000 | PA      | $1383489.24   | 0.49%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| United States of America                                                       | US TREASURY N/B 4.500000% 11/15/2054                                    | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1942500.00   | 0.69%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Republica de Colombia                                                          | REPUBLIC OF COLOMBIA 5.200000% 05/15/2049                               | CUSIP: 195325DQ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1200000 | PA      | $885900.00    | 0.31%             | 2049-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Republic of Ukraine                                                            | UKRAINE GOVERNMENT 0.000000% 02/01/2035                                 | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |   1000000 | PA      | $565156.12    | 0.20%             | 2035-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                         | EGYPT GOVERNMENT INTERNATIONAL BOND MTN 5.875000% 02/16/2031            | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |    600000 | PA      | $580883.86    | 0.21%             | 2031-02-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Ecopetrol S.A.                                                                 | ECOPETROL SA 5.875000% 05/28/2045                                       | CUSIP: 279158AJ8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | NUSS              | CO        |   1500000 | PA      | $1133328.90   | 0.40%             | 2045-05-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Republica de Panama                                                            | REPUBLIC OF PANAMA 3.875000% 03/17/2028                                 | CUSIP: 698299BF0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   1200000 | PA      | $1176120.00   | 0.42%             | 2028-03-17      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ORLEN SPOLKA AKCYJNA                                                           | ORLEN SA 6.000000% 01/30/2035                                           | CUSIP: N/A<br>LEI: 259400VVMM70CQREJT74       | Long             | DBT              | NUSS              | PL        |   2100000 | PA      | $2225942.84   | 0.79%             | 2035-01-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Republica de Colombia                                                          | REPUBLIC OF COLOMBIA 3.125000% 04/15/2031                               | CUSIP: 195325DS1<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1000000 | PA      | $868000.00    | 0.31%             | 2031-04-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Romania                                                                        | ROMANIA 5.750000% 09/16/2030                                            | CUSIP: X73648AB7<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   1700000 | PA      | $1744934.43   | 0.62%             | 2030-09-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                                       | REPUBLIC OF SOUTH AFRICA 5.875000% 04/20/2032                           | CUSIP: 836205BC7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   2600000 | PA      | $2680808.88   | 0.95%             | 2032-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Republica del Ecuador                                                          | REPUBLIC OF ECUADOR 6.900000% 07/31/2030                                | CUSIP: N/A<br>LEI: 5299003Y2U5XK0A35H71       | Long             | DBT              | NUSS              | EC        |   1000000 | PA      | $972000.00    | 0.34%             | 2030-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                            | PETROLEOS MEXICANOS 6.840000% 01/23/2030                                | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |   2400000 | PA      | $2428744.22   | 0.86%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| Democratic Socialist Republic of Sri Lanka                                     | REPUBLIC OF SRI LANKA 3.100000% 01/15/2030                              | CUSIP: Y1237TAA0<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    400000 | PA      | $376500.00    | 0.13%             | 2030-01-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Romania                                                                        | ROMANIA 5.250000% 11/25/2027                                            | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |    600000 | PA      | $608414.95    | 0.22%             | 2027-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GC Treasury Center Company Limited                                             | GC TREASURY CENTER CO LTD MTN 2.980000% 03/18/2031                      | CUSIP: 36830DAB7<br>LEI: 549300LUFQBC2EQNAR40 | Long             | DBT              | NUSS              | TH        |   1400000 | PA      | $1273538.39   | 0.45%             | 2031-03-18      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| GCC, S.A.B. de C.V                                                             | GCC SAB DE CV 3.614000% 04/20/2032                                      | CUSIP: P47465AB8<br>LEI: 254900WY9XL8033CKX68 | Long             | DBT              | NUSS              | US        |   1800000 | PA      | $1645894.08   | 0.58%             | 2032-04-20      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| Republica de Guatemala                                                         | REPUBLIC OF GUATEMALA 6.050000% 08/06/2031                              | CUSIP: P5015VAT3<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |   1200000 | PA      | $1246200.00   | 0.44%             | 2031-08-06      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Republica de Chile                                                             | REPUBLIC OF CHILE 4.000000% 01/31/2052                                  | CUSIP: 168863DW5<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   1400000 | PA      | $1126300.00   | 0.40%             | 2052-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Scotiabank Peru S.A.A.                                                         | SCOTIABANK PERU SAA 6.100000% 10/01/2035                                | CUSIP: P8T35JAP7<br>LEI: 5493001E54CPRG5J5Q41 | Long             | DBT              | NUSS              | PE        |   1700000 | PA      | $1747600.00   | 0.62%             | 2035-10-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Royaume du Maroc                                                               | KINGDOM OF MOROCCO 4.000000% 12/15/2050                                 | CUSIP: N/A<br>LEI: 529900F3MBW9XY5K1X07       | Long             | DBT              | NUSS              | MA        |    200000 | PA      | $145879.49    | 0.05%             | 2050-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                       | US TREASURY N/B 4.250000% 01/31/2030                                    | CUSIP: 91282CMG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   2000000 | PA      | $2052265.62   | 0.73%             | 2030-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| The State of Qatar                                                             | STATE OF QATAR 4.400000% 04/16/2050                                     | CUSIP: N/A<br>LEI: 52990074F6OJOAXK4P65       | Long             | DBT              | NUSS              | QA        |   1200000 | PA      | $1088241.47   | 0.39%             | 2050-04-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Democratic Socialist Republic of Sri Lanka                                     | REPUBLIC OF SRI LANKA 3.600000% 02/15/2038                              | CUSIP: N/A<br>LEI: 254900IG6Y30I2QE2R92       | Long             | DBT              | NUSS              | LK        |    100000 | PA      | $91712.41     | 0.03%             | 2038-02-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Islamic Republic of Pakistan                                                   | PAKISTAN GOVERNMENT INTERNATIONAL BOND MTN 7.375000% 04/08/2031         | CUSIP: N/A<br>LEI: 529900LOP29R5WKHOD86       | Long             | DBT              | NUSS              | PK        |   1000000 | PA      | $980452.08    | 0.35%             | 2031-04-08      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Romania                                                                        | ROMANIA 6.625000% 05/16/2036                                            | CUSIP: X73648AA9<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   1200000 | PA      | $1238392.21   | 0.44%             | 2036-05-16      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Republica del Peru                                                             | REPUBLIC OF PERU 5.875000% 08/08/2054                                   | CUSIP: 715638EC2<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   1800000 | PA      | $1808370.00   | 0.64%             | 2054-08-08      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Republica Argentina                                                            | REPUBLIC OF ARGENTINA 3.500000% 07/09/2041                              | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   2800000 | PA      | $1858500.00   | 0.66%             | 2041-07-09      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Republic of Ukraine                                                            | UKRAINE GOVERNMENT 0.000000% 02/01/2030                                 | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |    200000 | PA      | $111201.76    | 0.04%             | 2030-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                         | ARAB REPUBLIC OF EGYPT 8.875000% 05/29/2050                             | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |    600000 | PA      | $579308.63    | 0.21%             | 2050-05-29      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| The Hashemite Kingdom of Jordan                                                | KINGDOM OF JORDAN 5.750000% 01/31/2027                                  | CUSIP: N/A<br>LEI: 5493000JZ4MYPVMBVN50       | Long             | DBT              | NUSS              | JO        |    400000 | PA      | $401828.10    | 0.14%             | 2027-01-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal Republic of Nigeria                                                    | NIGERIA GOVERNMENT INTERNATIONAL BOND MTN 7.625000% 11/28/2047          | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | NG        |   1600000 | PA      | $1482354.34   | 0.53%             | 2047-11-28      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Gobierno de la Republica Dominicana                                            | DOMINICAN REPUBLIC 4.500000% 01/30/2030                                 | CUSIP: P3579ECF2<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1800000 | PA      | $1746000.00   | 0.62%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EIG Pearl Holdings S.a r.l.                                                    | EIG PEARL HOLDINGS SARL 3.545000% 08/31/2036                            | CUSIP: N/A<br>LEI: 549300KIMRL45BWA5H76       | Long             | DBT              | NUSS              | SA        |    590071 | PA      | $544479.98    | 0.19%             | 2036-08-31      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| BANCO NACIONAL DE COMERCIO EXTERIOR, SOCIEDAD NACIONAL DE CREDITO              | BANCO NACIONAL DE COMERCIO EXTERIOR SNC/CAYMAN ISL 5.875000% 05/07/2030 | CUSIP: P14519AA3<br>LEI: N/A                  | Long             | DBT              | NUSS              | MX        |    250000 | PA      | $259077.50    | 0.09%             | 2030-05-07      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| The State of Qatar                                                             | STATE OF QATAR 4.817000% 03/14/2049                                     | CUSIP: N/A<br>LEI: 52990074F6OJOAXK4P65       | Long             | DBT              | NUSS              | QA        |    900000 | PA      | $869661.83    | 0.31%             | 2049-03-14      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| PETRONAS Capital Limited                                                       | PETRONAS CAPITAL LTD MTN 4.550000% 04/21/2050                           | CUSIP: Y68856AV8<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | NUSS              | MY        |   2000000 | PA      | $1780869.52   | 0.63%             | 2050-04-21      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Kingdom of Saudi Arabia                                                        | SAUDI GOVERNMENT INTERNATIONAL BOND MTN 2.250000% 02/02/2033            | CUSIP: N/A<br>LEI: 635400FMICXSM3SI3H65       | Long             | DBT              | NUSS              | SA        |    800000 | PA      | $690576.14    | 0.24%             | 2033-02-02      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| The State of Qatar                                                             | STATE OF QATAR 3.750000% 04/16/2030                                     | CUSIP: N/A<br>LEI: 52990074F6OJOAXK4P65       | Long             | DBT              | NUSS              | QA        |   1000000 | PA      | $992086.94    | 0.35%             | 2030-04-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Democratic Socialist Republic of Sri Lanka                                     | REPUBLIC OF SRI LANKA 3.600000% 05/15/2036                              | CUSIP: Y1237TAC6<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    500000 | PA      | $453402.36    | 0.16%             | 2036-05-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Republika Srbija                                                               | REPUBLIC OF SERBIA 6.500000% 09/26/2033                                 | CUSIP: N/A<br>LEI: 254900W94OCY91V32O78       | Long             | DBT              | NUSS              | RS        |   1900000 | PA      | $2054957.33   | 0.73%             | 2033-09-26      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Republic of Lebanon                                                            | LEBANON GOVERNMENT INTERNATIONAL BOND MTN 6.650000% 02/26/2030          | CUSIP: N/A<br>LEI: 529900QPC4K9S1KHL354       | Long             | DBT              | NUSS              | LB        |   2500000 | PA      | $550165.00    | 0.19%             | 2030-02-26      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Republica del Peru                                                             | REPUBLIC OF PERU 5.375000% 02/08/2035                                   | CUSIP: 715638EB4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   1200000 | PA      | $1231200.00   | 0.44%             | 2035-02-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Royaume du Maroc                                                               | KINGDOM OF MOROCCO 5.950000% 03/08/2028                                 | CUSIP: N/A<br>LEI: 529900F3MBW9XY5K1X07       | Long             | DBT              | NUSS              | MA        |   1000000 | PA      | $1028946.04   | 0.36%             | 2028-03-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Chile Electricity Lux MPC S.a r.l.                                             | CHILE ELECTRICITY LUX MPC SARL 6.010000% 01/20/2033                     | CUSIP: L15669AA9<br>LEI: N/A                  | Long             | DBT              | NUSS              | CL        |   2595500 | PA      | $2718864.12   | 0.96%             | 2033-01-20      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| Turkiye Cumhuriyeti                                                            | REPUBLIC OF TURKIYE 5.750000% 05/11/2047                                | CUSIP: 900123CM0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1600000 | PA      | $1319137.22   | 0.47%             | 2047-05-11      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Magyarorszag                                                                   | HUNGARY 3.125000% 09/21/2051                                            | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |    700000 | PA      | $436576.68    | 0.15%             | 2051-09-21      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Turkiye Cumhuriyeti                                                            | REPUBLIC OF TURKIYE 6.950000% 09/16/2035                                | CUSIP: 900123DR8<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   2700000 | PA      | $2765761.01   | 0.98%             | 2035-09-16      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Republic of Bulgaria                                                           | BULGARIA 5.000000% 03/05/2037                                           | CUSIP: N/A<br>LEI: 529900PG0XCL4LICL838       | Long             | DBT              | NUSS              | BG        |   2000000 | PA      | $2006082.76   | 0.71%             | 2037-03-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Romania                                                                        | ROMANIA 3.625000% 03/27/2032                                            | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |   1400000 | PA      | $1273122.34   | 0.45%             | 2032-03-27      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Pemerintah Republik Indonesia                                                  | REPUBLIC OF INDONESIA 5.250000% 01/15/2030                              | CUSIP: 455780DZ6<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |   1400000 | PA      | $1452216.84   | 0.51%             | 2030-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Republica de Panama                                                            | REPUBLIC OF PANAMA 3.870000% 07/23/2060                                 | CUSIP: 698299BL7<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   1600000 | PA      | $1050560.00   | 0.37%             | 2060-07-23      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Republica de El Salvador                                                       | EL SALVADOR GOVERNMENT INTERNATIONAL BOND 144A 7.124600% 01/20/2050     | CUSIP: 283875BZ4<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    400000 | PA      | $360288.00    | 0.13%             | 2050-01-20      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Estados Unidos Mexicanos                                                       | UNITED MEXICAN STATES 6.350000% 02/09/2035                              | CUSIP: 91087BAV2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   2300000 | PA      | $2422935.00   | 0.86%             | 2035-02-09      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Magyarorszag                                                                   | HUNGARY 5.250000% 06/16/2029                                            | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |    800000 | PA      | $815040.06    | 0.29%             | 2029-06-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Banco Nacional de Comercio Exterior, S.N.C.                                    | BANCO NACIONAL DE COMERCIO EXTERIOR SNC/CAYMAN ISL 2.720000% 08/11/2031 | CUSIP: P1451JAA1<br>LEI: 4469000001BL6VG3DH44 | Long             | DBT              | NUSS              | MX        |    800000 | PA      | $778421.60    | 0.28%             | 2031-08-11      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                                       | REPUBLIC OF SOUTH AFRICA 4.300000% 10/12/2028                           | CUSIP: 836205AU8<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1000000 | PA      | $994780.00    | 0.35%             | 2028-10-12      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| EIG Pearl Holdings S.a r.l.                                                    | EIG PEARL HOLDINGS SARL 4.387000% 11/30/2046                            | CUSIP: N/A<br>LEI: 549300KIMRL45BWA5H76       | Long             | DBT              | NUSS              | SA        |    600000 | PA      | $503400.60    | 0.18%             | 2046-11-30      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| Republica Del Paraguay                                                         | REPUBLIC OF PARAGUAY 4.950000% 04/28/2031                               | CUSIP: P75744AJ4<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |   1200000 | PA      | $1207973.11   | 0.43%             | 2031-04-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Republique de Cote d'Ivoire                                                    | IVORY COAST 6.125000% 06/15/2033                                        | CUSIP: N/A<br>LEI: 254900ICW11T82O6H590       | Long             | DBT              | NUSS              | CI        |   1600000 | PA      | $1545586.90   | 0.55%             | 2033-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Republica del Peru                                                             | REPUBLIC OF PERU 2.783000% 01/23/2031                                   | CUSIP: 715638DF6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    700000 | PA      | $647640.00    | 0.23%             | 2031-01-23      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| Republic of the Philippines                                                    | REPUBLIC OF PHILIPPINES 5.500000% 01/17/2048                            | CUSIP: 718286CX3<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |   1000000 | PA      | $1014097.96   | 0.36%             | 2048-01-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Corporacion Nacional del Cobre de Chile                                        | CORP NACIONAL DEL COBRE DE CHILE 6.780000% 01/13/2055                   | CUSIP: P3143NBW3<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | NUSS              | CL        |   1400000 | PA      | $1509620.00   | 0.53%             | 2055-01-13      | Fixed         | 6.78%                 | No            |                  2 | On Loan: No      |
| Federal Republic of Nigeria                                                    | REPUBLIC OF NIGERIA 7.696000% 02/23/2038                                | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | NG        |   1400000 | PA      | $1376325.30   | 0.49%             | 2038-02-23      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Emirate of Abu Dhabi                                                           | ABU DHABI GOVT INT'L 5.500000% 04/30/2054                               | CUSIP: N/A<br>LEI: 213800FER4348CINTA77       | Long             | DBT              | NUSS              | AE        |   3700000 | PA      | $3859731.52   | 1.37%             | 2054-04-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Democratic Socialist Republic of Sri Lanka                                     | REPUBLIC OF SRI LANKA 3.350000% 03/15/2033                              | CUSIP: N/A<br>LEI: 254900IG6Y30I2QE2R92       | Long             | DBT              | NUSS              | LK        |    900000 | PA      | $780450.95    | 0.28%             | 2033-03-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Empresa Nacional del Petroleo                                                  | EMPRESA NACIONAL DEL PETROLEO 5.250000% 11/06/2029                      | CUSIP: P37110AN6<br>LEI: 549300YP3P0JZBLIV197 | Long             | DBT              | NUSS              | CL        |   2200000 | PA      | $2231708.60   | 0.79%             | 2029-11-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Republica de Chile                                                             | REPUBLIC OF CHILE 2.550000% 01/27/2032                                  | CUSIP: 168863DN5<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    600000 | PA      | $537600.00    | 0.19%             | 2032-01-27      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya                                                              | REPUBLIC OF KENYA 8.250000% 02/28/2048                                  | CUSIP: N/A<br>LEI: 549300VVURQQYU45PR87       | Long             | DBT              | NUSS              | KE        |    200000 | PA      | $182790.67    | 0.06%             | 2048-02-28      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Pemerintah Republik Indonesia                                                  | REPUBLIC OF INDONESIA 5.650000% 01/11/2053                              | CUSIP: 455780DS2<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |   1000000 | PA      | $1024712.31   | 0.36%             | 2053-01-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Turkiye Cumhuriyeti                                                            | REPUBLIC OF TURKIYE 4.250000% 04/14/2026                                | CUSIP: 900123CJ7<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    500000 | PA      | $500860.54    | 0.18%             | 2026-04-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BIMBO BAKERIES USA, INC.                                                       | BIMBO BAKERIES USA INC 6.050000% 01/15/2029                             | CUSIP: U0901RAB3<br>LEI: 549300HOXXHHT7926W92 | Long             | DBT              | NUSS              | MX        |   1000000 | PA      | $1047435.00   | 0.37%             | 2029-01-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Republica de Costa Rica                                                        | COSTA RICA GOVERNMENT 6.125000% 02/19/2031                              | CUSIP: P3699PGK7<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |   3400000 | PA      | $3541100.00   | 1.25%             | 2031-02-19      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Sultanate of Oman                                                              | OMAN GOV INTERNTL BOND 5.375000% 03/08/2027                             | CUSIP: N/A<br>LEI: 549300SZ20F0QTKNQC75       | Long             | DBT              | NUSS              | OM        |   1200000 | PA      | $1210521.42   | 0.43%             | 2027-03-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Rzeczpospolita Polska                                                          | REPUBLIC OF POLAND 5.500000% 04/04/2053                                 | CUSIP: 731011AW2<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |   3350000 | PA      | $3264806.95   | 1.16%             | 2053-04-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sultanate of Oman                                                              | OMAN GOV INTERNTL BOND 6.250000% 01/25/2031                             | CUSIP: N/A<br>LEI: 549300SZ20F0QTKNQC75       | Long             | DBT              | NUSS              | OM        |   2300000 | PA      | $2471350.53   | 0.88%             | 2031-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Democratic Socialist Republic of Sri Lanka                                     | REPUBLIC OF SRI LANKA 3.600000% 06/15/2035                              | CUSIP: N/A<br>LEI: 254900IG6Y30I2QE2R92       | Long             | DBT              | NUSS              | LK        |    400000 | PA      | $301928.64    | 0.11%             | 2035-06-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Joint Stock Company National Company KazMunayGas                               | KAZMUNAYGAS NATIONAL CO JSC 6.375000% 10/24/2048                        | CUSIP: Y44709AG1<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | NUSS              | KZ        |   1300000 | PA      | $1318443.15   | 0.47%             | 2048-10-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                                       | REPUBLIC OF SOUTH AFRICA 4.850000% 09/27/2027                           | CUSIP: 836205AW4<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1000000 | PA      | $1013870.83   | 0.36%             | 2027-09-27      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SK hynix Inc.                                                                  | SK HYNIX INC 2.375000% 01/19/2031                                       | CUSIP: Y8085FBD1<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | NUSS              | KR        |   1000000 | PA      | $908501.33    | 0.32%             | 2031-01-19      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| DP World Limited                                                               | DP WORLD LTD/UNITED ARAB EMIRATES MTN 4.700000% 09/30/2049              | CUSIP: N/A<br>LEI: 549300M3U2DNF4QVSS04       | Long             | DBT              | NUSS              | AE        |    400000 | PA      | $349146.00    | 0.12%             | 2049-09-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| America Movil, S.A.B. de C.V.                                                  | AMERICA MOVIL SAB DE CV 4.700000% 07/21/2032                            | CUSIP: 02364WBK0<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |   1000000 | PA      | $1011059.00   | 0.36%             | 2032-07-21      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Estados Unidos Mexicanos                                                       | UNITED MEXICAN STATES 5.375000% 03/22/2033                              | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1500000 | PA      | $1495353.44   | 0.53%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Sultanate of Oman                                                              | OMAN GOVERNMENT INTERNATIONAL BOND MTN 6.000000% 08/01/2029             | CUSIP: N/A<br>LEI: 549300SZ20F0QTKNQC75       | Long             | DBT              | NUSS              | OM        |   1300000 | PA      | $1362534.97   | 0.48%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Republica de Angola                                                            | REPUBLIC OF ANGOLA 8.750000% 04/14/2032                                 | CUSIP: BV8060618<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |   1800000 | PA      | $1718858.23   | 0.61%             | 2032-04-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                         | ARAB REPUBLIC OF EGYPT 7.625000% 05/29/2032                             | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |   1000000 | PA      | $1027069.31   | 0.36%             | 2032-05-29      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Gobierno de la Republica Dominicana                                            | DOMINICAN REPUBLIC 4.875000% 09/23/2032                                 | CUSIP: P3579ECH8<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1800000 | PA      | $1714770.00   | 0.61%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Kingdom of Bahrain                                                             | BAHRAIN GOVERNMENT INTERNATIONAL BOND MTN 5.250000% 01/25/2033          | CUSIP: N/A<br>LEI: 54930065PJIB53WWMP12       | Long             | DBT              | NUSS              | BH        |    900000 | PA      | $856771.50    | 0.30%             | 2033-01-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Emirate of Abu Dhabi                                                           | ABU DHABI GOVERNMENT INTERNATIONAL BOND MTN 4.875000% 04/30/2029        | CUSIP: N/A<br>LEI: 213800FER4348CINTA77       | Long             | DBT              | NUSS              | AE        |   1000000 | PA      | $1031331.03   | 0.37%             | 2029-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| JANUB GAZ DAHLIZI GAPALI SAHMDAR JAMIYYATI                                     | SOUTHERN GAS CORRIDOR CJSC 6.875000% 03/24/2026                         | CUSIP: N/A<br>LEI: 213800DG58KG59XY6318       | Long             | DBT              | NUSS              | AZ        |   1700000 | PA      | $1712863.27   | 0.61%             | 2026-03-24      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PETRONAS Capital Limited                                                       | PETRONAS CAPITAL LTD 5.848000% 04/03/2055                               | CUSIP: Y68856BF2<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | NUSS              | MY        |   1200000 | PA      | $1276182.53   | 0.45%             | 2055-04-03      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Turkiye Cumhuriyeti                                                            | REPUBLIC OF TURKIYE 6.125000% 10/24/2028                                | CUSIP: 900123CQ1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   3200000 | PA      | $3295733.73   | 1.17%             | 2028-10-24      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NBK SPC LIMITED                                                                | NBK SPC LTD 5.500000% 06/06/2030                                        | CUSIP: M7301YAD4<br>LEI: 549300P1ANDK86KWB419 | Long             | DBT              | NUSS              | KW        |   1000000 | PA      | $1035144.00   | 0.37%             | 2030-06-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS SOC LIMITED                                                     | ESKOM HOLDINGS MTN 6.350000% 08/10/2028                                 | CUSIP: S25221AV4<br>LEI: 3789001900ED06F65111 | Long             | DBT              | NUSS              | ZA        |   2900000 | PA      | $2995283.15   | 1.06%             | 2028-08-10      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| COMPANIA CERVECERIAS UNIDAS S.A.                                               | CIA CERVECERIAS UNIDAS SA 3.350000% 01/19/2032                          | CUSIP: P3067GAG6<br>LEI: 529900BJW9B0O6LI2R39 | Long             | DBT              | NUSS              | CL        |   1700000 | PA      | $1539769.39   | 0.55%             | 2032-01-19      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| PETRONAS Capital Limited                                                       | PETRONAS CAPITAL LTD MTN 3.500000% 04/21/2030                           | CUSIP: Y68856AT3<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | NUSS              | MY        |   1800000 | PA      | $1754751.33   | 0.62%             | 2030-04-21      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                                       | REPUBLIC OF SOUTH AFRICA 7.300000% 04/20/2052                           | CUSIP: 836205BE3<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   2200000 | PA      | $2224503.51   | 0.79%             | 2052-04-20      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Republica de Chile                                                             | REPUBLIC OF CHILE 3.240000% 02/06/2028                                  | CUSIP: 168863CF3<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    600000 | PA      | $588060.00    | 0.21%             | 2028-02-06      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| Republica Federativa do Brasil                                                 | FED REPUBLIC OF BRAZIL 3.750000% 09/12/2031                             | CUSIP: 105756CE8<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    400000 | PA      | $369000.00    | 0.13%             | 2031-09-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Republica Federativa do Brasil                                                 | FED REPUBLIC OF BRAZIL 6.625000% 03/15/2035                             | CUSIP: 105756CL2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   2000000 | PA      | $2068200.00   | 0.73%             | 2035-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Democratic Socialist Republic of Sri Lanka                                     | REPUBLIC OF SRI LANKA 4.000000% 04/15/2028                              | CUSIP: N/A<br>LEI: 254900IG6Y30I2QE2R92       | Long             | DBT              | NUSS              | LK        |    351451 | PA      | $335811.62    | 0.12%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Romania                                                                        | ROMANIA 4.000000% 02/14/2051                                            | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |   1100000 | PA      | $755121.53    | 0.27%             | 2051-02-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MVM Energetika Zartkoruen Mukodo Reszvenytarsasag                              | MVM ENERGETIKA ZRT 6.500000% 03/13/2031                                 | CUSIP: N/A<br>LEI: 529900ELI5AQ9F74PF85       | Long             | DBT              | NUSS              | HU        |    300000 | PA      | $318193.08    | 0.11%             | 2031-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ADNOC MURBAN RSC LTD                                                           | ADNOC MURBAN RSC LTD 5.125000% 09/11/2054                               | CUSIP: N/A<br>LEI: 213800OWGH7RAYG61M70       | Long             | DBT              | NUSS              | AE        |    400000 | PA      | $383035.63    | 0.14%             | 2054-09-11      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Gobierno de la Republica Dominicana                                            | DOMINICAN REPUBLIC 5.500000% 02/22/2029                                 | CUSIP: P3579ECP0<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1700000 | PA      | $1718530.00   | 0.61%             | 2029-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Romania                                                                        | ROMANIA 3.000000% 02/14/2031                                            | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |   2100000 | PA      | $1895688.42   | 0.67%             | 2031-02-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Global X 1-3 Month T-Bill ETF                                                  | GLOBAL X 1-3 MONTH T-BILL MUTUAL FUND                                   | CUSIP: 37960A438<br>LEI: N/A                  | Long             | EC               | RF                | US        |     20000 | NS      | $2008200.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Gobierno de la Republica Dominicana                                            | DOMINICAN REPUBLIC 5.950000% 01/25/2027                                 | CUSIP: P3579EBV8<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    300000 | PA      | $303075.00    | 0.11%             | 2027-01-25      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                            | PETROLEOS MEXICANOS 10.000000% 02/07/2033                               | CUSIP: 71654QDP4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |   1400000 | PA      | $1615740.00   | 0.57%             | 2033-02-07      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Turkiye Cumhuriyeti                                                            | REPUBLIC OF TURKIYE 6.500000% 01/03/2035                                | CUSIP: 900123DN7<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1000000 | PA      | $1000014.50   | 0.35%             | 2035-01-03      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Corporacion Nacional del Cobre de Chile                                        | CORP NACIONAL DEL COBRE DE CHILE 3.000000% 09/30/2029                   | CUSIP: P3143NBE3<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | NUSS              | CL        |   2100000 | PA      | $1991639.16   | 0.71%             | 2029-09-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Prosus N.V.                                                                    | PROSUS NV 4.987000% 01/19/2052                                          | CUSIP: N7163RAY9<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | NUSS              | CN        |    500000 | PA      | $404536.89    | 0.14%             | 2052-01-19      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Republica Argentina                                                            | REPUBLIC OF ARGENTINA 5.000000% 01/09/2038                              | CUSIP: 040114HU7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   3300000 | PA      | $2451900.00   | 0.87%             | 2038-01-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                       | US TREASURY N/B 4.250000% 11/15/2034                                    | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   1000000 | PA      | $1022421.88   | 0.36%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Republica Del Paraguay                                                         | REPUBLIC OF PARAGUAY 5.000000% 04/15/2026                               | CUSIP: P75744AD7<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    314000 | PA      | $314514.96    | 0.11%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Republica Argentina                                                            | REPUBLIC OF ARGENTINA 4.125000% 07/09/2035                              | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   6200000 | PA      | $4388670.00   | 1.55%             | 2035-07-09      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Gobierno de la Republica Dominicana                                            | DOMINICAN REPUBLIC 7.050000% 02/03/2031                                 | CUSIP: P3579ECR6<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1850000 | PA      | $1975707.50   | 0.70%             | 2031-02-03      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Transportadora de Gas del Peru S.A.                                            | TRANSPORTADORA DE GAS DEL PERU SA 4.250000% 04/30/2028                  | CUSIP: P9367RAG6<br>LEI: 529900SKHHNI5HVI0Y66 | Long             | DBT              | NUSS              | PE        |    120000 | PA      | $119939.50    | 0.04%             | 2028-04-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                                              | REPUBLIC OF GHANA ZERO COUPON 01/03/2030                                | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |    150019 | PA      | $131170.30    | 0.05%             | 2030-01-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Kingdom of Saudi Arabia                                                        | SAUDI GOVERNMENT INTERNATIONAL BOND MTN 5.750000% 01/16/2054            | CUSIP: N/A<br>LEI: 635400FMICXSM3SI3H65       | Long             | DBT              | NUSS              | SA        |   3600000 | PA      | $3676174.81   | 1.30%             | 2054-01-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Empresa Nacional del Petroleo                                                  | EMPRESA NACIONAL DEL PETROLEO 6.150000% 05/10/2033                      | CUSIP: P37110AS5<br>LEI: 549300YP3P0JZBLIV197 | Long             | DBT              | NUSS              | CL        |   1400000 | PA      | $1478834.00   | 0.52%             | 2033-05-10      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Republica Federativa do Brasil                                                 | FED REPUBLIC OF BRAZIL 7.250000% 01/12/2056                             | CUSIP: 105756CN8<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1600000 | PA      | $1594080.00   | 0.56%             | 2056-01-12      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Republic of Ukraine                                                            | UKRAINE GOVERNMENT 4.500000% 02/01/2036                                 | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |    700000 | PA      | $401693.77    | 0.14%             | 2036-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Magyarorszag                                                                   | HUNGARY 6.125000% 05/22/2028                                            | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |   1500000 | PA      | $1556458.98   | 0.55%             | 2028-05-22      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| National Central Cooling Company PJSC                                          | NATIONAL CENTRAL COOLING CO PJSC 2.500000% 10/21/2027                   | CUSIP: N/A<br>LEI: 254900E7M1Y3DXGQ1283       | Long             | DBT              | NUSS              | AE        |    800000 | PA      | $771008.00    | 0.27%             | 2027-10-21      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bank Gospodarstwa Krajowego                                                    | BANK GOSPODARSTWA KRAJOWEGO MTN 5.375000% 05/22/2033                    | CUSIP: N/A<br>LEI: 259400BCOV9JJIGLYF05       | Long             | DBT              | NUSS              | PL        |   1100000 | PA      | $1141897.96   | 0.40%             | 2033-05-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Republica Federativa do Brasil                                                 | FED REPUBLIC OF BRAZIL 7.125000% 05/13/2054                             | CUSIP: 105756CJ7<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   2700000 | PA      | $2704050.00   | 0.96%             | 2054-05-13      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya                                                              | REPUBLIC OF KENYA 9.750000% 02/16/2031                                  | CUSIP: N/A<br>LEI: 549300VVURQQYU45PR87       | Long             | DBT              | NUSS              | KE        |    700000 | PA      | $745381.87    | 0.26%             | 2031-02-16      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                            | PETROLEOS MEXICANOS 5.950000% 01/28/2031                                | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |   1800000 | PA      | $1737890.82   | 0.62%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Republica del Peru                                                             | REPUBLIC OF PERU 5.500000% 03/30/2036                                   | CUSIP: 715638FC1<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   2700000 | PA      | $2772090.00   | 0.98%             | 2036-03-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Romania                                                                        | ROMANIA 5.750000% 03/24/2035                                            | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |    600000 | PA      | $588693.49    | 0.21%             | 2035-03-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Republica Oriental del Uruguay                                                 | REPUBLICA ORIENT URUGUAY 4.375000% 01/23/2031                           | CUSIP: 917288BK7<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    600000 | PA      | $607470.00    | 0.22%             | 2031-01-23      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Corporacion Nacional del Cobre de Chile                                        | CORP NACIONAL DEL COBRE DE CHILE 5.950000% 01/08/2034                   | CUSIP: P3143NBQ6<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | NUSS              | CL        |   2200000 | PA      | $2305833.20   | 0.82%             | 2034-01-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                                              | REPUBLIC OF GHANA 5.000000% 07/03/2029                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |   1150000 | PA      | $1124634.70   | 0.40%             | 2029-07-03      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Republica del Ecuador                                                          | REPUBLIC OF ECUADOR 5.000000% 07/31/2040                                | CUSIP: N/A<br>LEI: 5299003Y2U5XK0A35H71       | Long             | DBT              | NUSS              | EC        |   1600000 | PA      | $1195200.00   | 0.42%             | 2040-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Republica Federativa do Brasil                                                 | FED REPUBLIC OF BRAZIL 4.500000% 05/30/2029                             | CUSIP: 105756CA6<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1600000 | PA      | $1589360.00   | 0.56%             | 2029-05-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PLUSPETROL CAMISEA S.A.                                                        | PLUSPETROL CAMISEA SA / PLUSPETROL LOTE 56 SA 6.240000% 07/03/2036      | CUSIP: P8000LAA7<br>LEI: 254900VNCHIPPJ2OFY98 | Long             | DBT              | NUSS              | PE        |    800000 | PA      | $848129.60    | 0.30%             | 2036-07-03      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                            | PETROLEOS MEXICANOS 6.500000% 03/13/2027                                | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |   1500000 | PA      | $1525800.00   | 0.54%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Sultanate of Oman                                                              | OMAN GOV INTERNTL BOND 4.750000% 06/15/2026                             | CUSIP: N/A<br>LEI: 549300SZ20F0QTKNQC75       | Long             | DBT              | NUSS              | OM        |    700000 | PA      | $700106.25    | 0.25%             | 2026-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-30

**Name of Applicant:** GLOBAL X FUNDS

**Signature:** Joe Costello

**Name of Signer:** Joe Costello

**Title:** CCO