# EDGAR Filing Document

**Accession Number:** 0001005020
**File Stem:** 0001752724-23-009922
**Filing Date:** 2023-1
**Character Count:** 120955
**Document Hash:** fa5310ddd0e71d9782cc70c655bf9003
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-009922.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001752724-23-009922

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**PERIOD START**: 20230531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VIRTUS OPPORTUNITIES TRUST
- **CENTRAL INDEX KEY:** 0001005020
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07455
- **FILM NUMBER:** 23548870

**BUSINESS ADDRESS:**
- **STREET 1:** 101 MUNSON STREET
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301
- **BUSINESS PHONE:** 800-243-1574

**MAIL ADDRESS:**
- **STREET 1:** ONE FINANCIAL PLAZA
- **STREET 2:** 26TH FLOOR
- **CITY:** HARTFORD
- **STATE:** CT
- **ZIP:** 06103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX OPPORTUNITIES TRUST
- **DATE OF NAME CHANGE:** 20060127

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX SENECA FUNDS
- **DATE OF NAME CHANGE:** 19990122

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SENECA FUNDS
- **DATE OF NAME CHANGE:** 19951218

## Series and Classes Contracts Data

### Virtus Stone Harbor Emerging Markets Debt Fund (Series ID: S000075278)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000234176 | Class I      | SHMDX           |
| C000234177 | Class A      | VSHCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Virtus Opportunities Trust

- **b. Investment Company Act file number:** 811-07455

- **c. CIK number of Registrant:** 0001005020

- **d. LEI of Registrant:** 549300O4C4QVD88M4N75

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

  - **Street Address 1:** 101 Munson Street

  - **City:** Greenfield

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 01301-9668

  - **Telephone number:** 800-243-1574

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

- **a. Name of Series:** Virtus Stone Harbor Emerging Markets Debt Fund

- **b. EDGAR series identifier (if any):** S000075278

- **c. LEI of Series:** G5WCHRUPIN1QBVGP2222

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

- **a. Date of fiscal year-end:** 2023-05-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $479289080.37

**Total Liabilities:** $14280792.64

**Net Assets:** $465008287.73

**Delayed Delivery Securities:** $1398015.00

**Cash Not Reported:** $12633636.07

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -1820.00000000 | **10-Year:** -42361.00000000 | **30-Year:** -128931.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** -857.00000000 | **5-Year:** -18557.00000000 | **10-Year:** -29122.00000000 | **30-Year:** -91518.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234177 | -11.10%              | -3.01%               | 6.00%                |
| Class ID C000234176 | -7.77%               | 0.92%                | 10.01%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-41464558.19            | $-2993079.61                               |
| Month 2  | $-12883514.23            | $12827704.96                               |
| Month 3  | $-12476953.41            | $54986707.19                               |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ESKOM HOLDINGS SOC LTD                                   | Eskom Holdings SOC Ltd                                                           | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |     200000 | PA      | $187566.00    | 0.04%             | 2025-02-11      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| MV24 CAPITAL BV                                          | MV24 Capital BV                                                                  | CUSIP: 55388RAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    1110236 | PA      | $979644.58    | 0.21%             | 2034-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GOVT OF BERMUDA                                          | Bermuda Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |     866000 | PA      | $841535.50    | 0.18%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                              | Ivory Coast Government International Bond                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    1000000 | PA      | $746825.61    | 0.16%             | 2048-03-22      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| STATE OIL CO OF THE AZER                                 | State Oil Co of the Azerbaijan Republic                                          | CUSIP: 000000000<br>LEI: 2549002HARR1VE257O76 | Long             | DBT              | NUSS              | AZ        |    1574000 | PA      | $1595642.50   | 0.34%             | 2030-03-18      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                        | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    4301000 | PA      | $241393.63    | 0.05%             | 2030-02-26      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                        | Ghana Government International Bond                                              | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    2549000 | PA      | $1746065.00   | 0.38%             | 2030-10-14      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                       | Ukraine Government International Bond                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    3258000 | PA      | $765222.75    | 0.16%             | 2029-09-01      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                      | Nigeria Government International Bond                                            | CUSIP: 65412JAT0<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    7826000 | PA      | $5341245.00   | 1.15%             | 2051-09-28      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                  | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     460000 | PA      | $305555.00    | 0.07%             | 2051-02-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KAZTRANSGAS JSC                                          | KazTransGas JSC                                                                  | CUSIP: 48668NAA9<br>LEI: 635400YGLXBBSVHONW39 | Long             | DBT              | CORP              | KZ        |    3319000 | PA      | $2962207.50   | 0.64%             | 2027-09-26      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                       | Dominican Republic International Bond                                            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    1813000 | PA      | $1468303.38   | 0.32%             | 2049-06-05      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                              | Ivory Coast Government International Bond                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    1055000 | PA      | $787901.02    | 0.17%             | 2048-03-22      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                 | Saudi Government International Bond                                              | CUSIP: 80413TAF6<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    2277000 | PA      | $2012298.75   | 0.43%             | 2047-10-04      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FEDERAL REP OF ETHIOPIA                                  | Ethiopia International Bond                                                      | CUSIP: 29766LAA4<br>LEI: N/A                  | Long             | DBT              | NUSS              | ET        |     793000 | PA      | $484869.94    | 0.10%             | 2024-12-11      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                      | Ecuador Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    5093766 | PA      | $1863363.27   | 0.40%             | 2030-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                   | Egypt Government International Bond                                              | CUSIP: 03846JW71<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    1208000 | PA      | $987540.00    | 0.21%             | 2029-03-01      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                      | Ecuador Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    2920000 | PA      | $1157597.50   | 0.25%             | 2040-07-31      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| KALLPA GENERACION SA                                     | Kallpa Generacion SA                                                             | CUSIP: 48344FAA8<br>LEI: 549300NG1PWEI5BZG095 | Long             | DBT              | CORP              | PE        |    1461000 | PA      | $1382745.19   | 0.30%             | 2026-05-24      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                        | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    5626000 | PA      | $315759.25    | 0.07%             | 2029-05-25      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                 | Saudi Government International Bond                                              | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    1270000 | PA      | $1109662.50   | 0.24%             | 2046-10-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                      | Petroleos Mexicanos                                                              | CUSIP: 71654QAZ5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    1655000 | PA      | $1059200.00   | 0.23%             | 2041-06-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                        | Ghana Government International Bond                                              | CUSIP: 37443GAN1<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    1065000 | PA      | $372750.00    | 0.08%             | 2042-05-07      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                                    | Indonesia Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    1501000 | PA      | $1426115.11   | 0.31%             | 2045-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                                        | Chile Government International Bond                                              | CUSIP: 168863DL9<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    2562000 | PA      | $1902285.00   | 0.41%             | 2050-01-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MSU ENERGY SA / UGEN SA                                  | MSU Energy SA / UGEN SA / UENSA SA                                               | CUSIP: 76706AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | AR        |     717000 | PA      | $462016.88    | 0.10%             | 2025-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                 | Saudi Government International Bond                                              | CUSIP: 80413TAV1<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    2986000 | PA      | $2407462.50   | 0.52%             | 2033-02-02      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                       | Ukraine Government International Bond                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     734000 | PA      | $171389.00    | 0.04%             | 2028-09-01      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                  | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    1435000 | PA      | $906036.11    | 0.19%             | 2050-01-28      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                  | Hungary Government International Bond                                            | CUSIP: 445545AP1<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     345000 | PA      | $331264.69    | 0.07%             | 2029-06-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                        | Ghana Government International Bond                                              | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     600000 | PA      | $196987.50    | 0.04%             | 2049-06-16      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                        | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    4423000 | PA      | $248240.88    | 0.05%             | 2026-11-27      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                       | Dominican Republic International Bond                                            | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    1999000 | PA      | $1655172.00   | 0.36%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AYDEM YENILENEBILIR ENER                                 | Aydem Yenilenebilir Enerji AS                                                    | CUSIP: 054644AA7<br>LEI: 9845009C50EDA74OA532 | Long             | DBT              | CORP              | TR        |    1165000 | PA      | $907971.88    | 0.20%             | 2027-02-02      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                     | Colombia Government International Bond                                           | CUSIP: 195325EA9<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     158000 | PA      | $97328.00     | 0.02%             | 2042-02-22      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GOL FINANCE SA                                           | Gol Finance SA                                                                   | CUSIP: 36254VAA6<br>LEI: 5299007RH8MA67ZC6J07 | Long             | DBT              | CORP              | LU        |    1083000 | PA      | $454860.00    | 0.10%             | 2025-01-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                  | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    3004000 | PA      | $2113541.33   | 0.45%             | 2033-04-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PERU PAYROLL DEDUCTION                                   | Peru Payroll Deduction Finance Ltd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    1761804 | PA      | $1378516.13   | 0.30%             | 2029-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                    | Argentine Republic Government International Bond                                 | CUSIP: 040114HW3<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     177974 | PA      | $43358.92     | 0.01%             | 2046-07-09      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| PT BAKRIE 0% 12/22/22                                    | PT BAKRIE 0% 12/22/22                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | ID        | 6750674000 | PA      | $0.00         | 0.00%             | 2022-12-22      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| NETWORK I2I LTD                                          | Network i2i Ltd                                                                  | CUSIP: 64132NAA4<br>LEI: 2549003L8M1FGHLHOX45 | Long             | DBT              | CORP              | MU        |     908000 | PA      | $860874.80    | 0.19%             | N/A             | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| SIMPAR EUROPE SA                                         | Simpar Europe SA                                                                 | CUSIP: 82883PAA2<br>LEI: 54930068BSUST41D5C30 | Long             | DBT              | CORP              | LU        |     862000 | PA      | $646500.00    | 0.14%             | 2031-01-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| WANDA PROPERTIES OVERSEA                                 | Wanda Properties Overseas Ltd                                                    | CUSIP: 000000000<br>LEI: 549300BJ7FGBP0KHXY31 | Long             | DBT              | CORP              | VG        |     379000 | PA      | $375134.20    | 0.08%             | 2022-12-05      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO                                  | KazMunayGas National Co JSC                                                      | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |     985000 | PA      | $727422.50    | 0.16%             | 2033-04-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                     | Colombia Government International Bond                                           | CUSIP: 195325DS1<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     601000 | PA      | $444740.00    | 0.10%             | 2031-04-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| UZAUTO MOTORS AJ                                         | Uzauto Motors AJ                                                                 | CUSIP: 46653NAA0<br>LEI: 25490082QA3E2MKBZI88 | Long             | DBT              | CORP              | UZ        |    4244000 | PA      | $3310320.00   | 0.71%             | 2026-05-04      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                  | Romanian Government International Bond                                           | CUSIP: 77586RAJ9<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    1750000 | PA      | $1162437.50   | 0.25%             | 2051-02-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DP WORLD PLC                                             | DP World Ltd/United Arab Emirates                                                | CUSIP: 000000000<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |     500000 | PA      | $404577.50    | 0.09%             | 2049-09-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF AZERBAIJAN                                   | Republic of Azerbaijan International Bond                                        | CUSIP: 000000000<br>LEI: 549300P74FF45UQVU281 | Long             | DBT              | NUSS              | AZ        |    1056000 | PA      | $878988.00    | 0.19%             | 2032-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                 | Saudi Government International Bond                                              | CUSIP: 80413TAC3<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    1449000 | PA      | $1266063.75   | 0.27%             | 2046-10-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                  | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     883000 | PA      | $621257.32    | 0.13%             | 2033-04-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GREENKO DUTCH BV                                         | Greenko Dutch BV                                                                 | CUSIP: 000000000<br>LEI: 724500PT585P4JPVRP08 | Long             | DBT              | CORP              | NL        |     262625 | PA      | $224216.09    | 0.05%             | 2026-03-29      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management                       | Dreyfus Government Cash Management                                               | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |   15362723 | NS      | $15362723.14  | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC OF ECUADOR                                      | Ecuador Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    9933000 | PA      | $4325821.50   | 0.93%             | 2035-07-31      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| WANDA PROPERTIES INTL                                    | Wanda Properties International Co Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    2270000 | PA      | $1809331.88   | 0.39%             | 2024-01-29      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AES PANAMA GENERATION HL                                 | AES Panama Generation Holdings SRL                                               | CUSIP: 00109AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |    1480000 | PA      | $1238390.00   | 0.27%             | 2030-05-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                        | Ghana Government International Bond                                              | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    2200000 | PA      | $730537.50    | 0.16%             | 2051-03-26      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                 | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05973KAA5<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    1419000 | PA      | $1215728.25   | 0.26%             | N/A             | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                        | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    3105000 | PA      | $180090.00    | 0.04%             | 2023-01-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                    | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900HXCCIOHM74FA02 | Long             | DBT              | NUSS              | LK        |    1194000 | PA      | $362155.13    | 0.08%             | 2024-06-28      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                        | Ghana Government International Bond                                              | CUSIP: 37443GAJ0<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     944000 | PA      | $303142.00    | 0.07%             | 2061-03-11      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                                 | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                        | CUSIP: 71568QAB3<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |     808000 | PA      | $676700.00    | 0.15%             | 2042-10-24      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SIERRACOL ENRGY ANDINA                                   | SierraCol Energy Andina LLC                                                      | CUSIP: 82653LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    2767000 | PA      | $2033745.00   | 0.44%             | 2028-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                    | Venezuela Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |   25087500 | PA      | $2069718.75   | 0.45%             | 2019-10-13      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                     | Colombia Government International Bond                                           | CUSIP: 195325DR3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    2620000 | PA      | $1971550.00   | 0.42%             | 2030-01-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                     | Colombia Government International Bond                                           | CUSIP: 195325BM6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    4215000 | PA      | $3308775.00   | 0.71%             | 2041-01-18      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| STATE OF QATAR                                           | Qatar Government International Bond                                              | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |     687000 | PA      | $624311.25    | 0.13%             | 2050-04-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                                 | Petroleos de Venezuela SA                                                        | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |   60489976 | PA      | $2570823.98   | 0.55%             | 2024-05-16      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| RUSSIAN FEDERATION                                       | Russian Foreign Bond - Eurobond                                                  | CUSIP: 000000000<br>LEI: 5493004EHVGF71PDBU58 | Long             | DBT              | NUSS              | RU        |     100000 | PA      | $42000.00     | 0.01%             | 2035-03-28      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                        | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAE1<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     637000 | PA      | $417235.00    | 0.09%             | 2025-03-11      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                                       | Panama Government International Bond                                             | CUSIP: 698299BM5<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    6545000 | PA      | $4900568.75   | 1.05%             | 2056-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PT PERTAMINA (PERSERO)                                   | Pertamina Persero PT                                                             | CUSIP: 000000000<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |    1879000 | PA      | $1819459.19   | 0.39%             | 2042-05-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                                    | Indonesia Government International Bond                                          | CUSIP: 455780DK9<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    1048000 | PA      | $879125.28    | 0.19%             | 2052-03-31      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                                       | Panama Government International Bond                                             | CUSIP: 698299BN3<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   10067000 | PA      | $7589888.81   | 1.63%             | 2032-09-29      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                 | Saudi Government International Bond                                              | CUSIP: 80413TAR0<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    3437000 | PA      | $2659378.75   | 0.57%             | 2055-01-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                    | Mexico Government International Bond                                             | CUSIP: 91087BAP5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    2811000 | PA      | $1876342.50   | 0.40%             | 2071-04-19      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                   | Egypt Government International Bond                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    1820000 | PA      | $1285147.50   | 0.28%             | 2031-02-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                    | Mexico Government International Bond                                             | CUSIP: 91087BAN0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    8659000 | PA      | $5855648.75   | 1.26%             | 2061-05-24      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                                    | Minerva Luxembourg SA                                                            | CUSIP: 603374AF6<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |     293000 | PA      | $240582.30    | 0.05%             | 2031-03-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| KONDOR FINANCE PLC (NAK)                                 | NAK Naftogaz Ukraine via Kondor Finance PLC                                      | CUSIP: 50050MAB1<br>LEI: 213800PUC1T9GI6EIO63 | Long             | DBT              | CORP              | GB        |    3297000 | PA      | $593460.00    | 0.13%             | 2026-11-08      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF POLAND                                       | Republic of Poland Government International Bond                                 | CUSIP: 857524AE2<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    3816000 | PA      | $4016111.04   | 0.86%             | 2032-11-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                        | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    2089000 | PA      | $121162.00    | 0.03%             | 2020-03-09      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                                 | Petroleos de Venezuela SA                                                        | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |    3307000 | PA      | $140547.50    | 0.03%             | 2026-11-15      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                 | Saudi Government International Bond                                              | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    2341000 | PA      | $1811348.75   | 0.39%             | 2055-01-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                        | Republic of Kenya Government International Bond                                  | CUSIP: 491798AE4<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    1221000 | PA      | $1126372.50   | 0.24%             | 2024-06-24      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INTL                                  | Gran Tierra Energy International Holdings Ltd                                    | CUSIP: 38502HAA3<br>LEI: 549300RQNK5SS6I0T293 | Long             | DBT              | CORP              | KY        |    1284000 | PA      | $1129920.00   | 0.24%             | 2025-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                                  | Pakistan Government International Bond                                           | CUSIP: 695847AS2<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |    4334000 | PA      | $1777416.74   | 0.38%             | 2026-04-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                                   | Brazilian Government International Bond                                          | CUSIP: 105756CB4<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   13296000 | PA      | $9758433.00   | 2.10%             | 2050-01-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                                        | Chile Government International Bond                                              | CUSIP: 168863DU9<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    3414000 | PA      | $2171304.00   | 0.47%             | 2071-09-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA                                       | Zambia Government International Bond                                             | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     509000 | PA      | $234140.00    | 0.05%             | 2024-04-14      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                      | Ecuador Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    2003000 | PA      | $1212816.50   | 0.26%             | 2030-07-31      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SENEGAL                                      | Senegal Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |    1107000 | PA      | $984912.29    | 0.21%             | 2028-03-13      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                                 | Petroleos de Venezuela SA                                                        | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |   11517000 | PA      | $489472.50    | 0.11%             | 2035-05-17      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| REP OF ANGOLA(AVENIR II)                                 | Republic of Angola Via Avenir II BV                                              | CUSIP: 000000000<br>LEI: 724500CRIYMKEWLTHZ15 | Long             | DBT              | CORP              | NL        |   11416615 | PA      | $11530781.53  | 2.48%             | 2023-07-01      | Floating      | 10.45%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                        | Ghana Government International Bond                                              | CUSIP: 37443GAC5<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     347000 | PA      | $115225.69    | 0.02%             | 2051-03-26      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIG INTL HL                                 | Digicel International Finance Ltd/Digicel international Holdings Ltd             | CUSIP: 25381VAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    1269000 | PA      | $1108788.75   | 0.24%             | 2024-05-25      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                      | Ecuador Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    2903000 | PA      | $1264256.50   | 0.27%             | 2035-07-31      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| TULLOW OIL PLC                                           | Tullow Oil PLC                                                                   | CUSIP: 000000000<br>LEI: 2138003EYHWO75RKS857 | Long             | DBT              | CORP              | GB        |    3271000 | PA      | $2240635.00   | 0.48%             | 2025-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                   | Egypt Government International Bond                                              | CUSIP: 03846JW55<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    2896000 | PA      | $1860680.00   | 0.40%             | 2048-02-21      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                     | Colombia Government International Bond                                           | CUSIP: 195325EF8<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    1410000 | PA      | $1400835.00   | 0.30%             | 2033-04-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| WANDA PROPERTIES OVERSEA                                 | Wanda Properties Overseas Ltd                                                    | CUSIP: 000000000<br>LEI: 549300BJ7FGBP0KHXY31 | Long             | DBT              | CORP              | VG        |    1103000 | PA      | $987185.00    | 0.21%             | 2023-07-23      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GC TREASURY CENTRE CO                                    | GC Treasury Center Co Ltd                                                        | CUSIP: 36830BAC9<br>LEI: 549300LUFQBC2EQNAR40 | Long             | DBT              | CORP              | TH        |    1935000 | PA      | $1355467.50   | 0.29%             | 2051-03-18      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                                      | Benin Government International Bond                                              | CUSIP: 000000000<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |    3483000 | PA      | $2813448.11   | 0.61%             | 2032-01-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ST SAVINGS BK (SSB #1)                                   | State Savings Bank of Ukraine Via SSB #1 PLC                                     | CUSIP: 000000000<br>LEI: 213800X3YF17XQS13O34 | Long             | DBT              | CORP              | GB        |     175000 | PA      | $70000.00     | 0.02%             | 2025-03-20      | Variable      | 9.62%                 | No            |                  3 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO                                  | KazMunayGas National Co JSC                                                      | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |    3827000 | PA      | $3422773.13   | 0.74%             | 2030-04-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MC BRAZIL DWNSTRM                                        | MC Brazil Downstream Trading SARL                                                | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |    1124000 | PA      | $927300.00    | 0.20%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                        | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |   14492000 | PA      | $840536.00    | 0.18%             | 2020-06-19      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| DP WORLD SALAAM                                          | DP World Salaam                                                                  | CUSIP: 000000000<br>LEI: 549300SUYBT9X88E9435 | Long             | DBT              | CORP              | KY        |    4145000 | PA      | $4103550.00   | 0.88%             | N/A             | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                  | Hungary Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    1850000 | PA      | $1107456.25   | 0.24%             | 2051-09-21      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                        | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    4594000 | PA      | $266452.00    | 0.06%             | 2024-04-22      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                  | El Salvador Government International Bond                                        | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    1671000 | PA      | $682812.38    | 0.15%             | 2052-07-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                        | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |   25440000 | PA      | $1475520.00   | 0.32%             | 2020-04-14      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KAZAKHSTAN                                   | Kazakhstan Government International Bond                                         | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |    1582000 | PA      | $1164707.16   | 0.25%             | 2034-09-30      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| DP WORLD PLC                                             | DP World Ltd/United Arab Emirates                                                | CUSIP: 23330JAA9<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |     511000 | PA      | $530737.38    | 0.11%             | 2037-07-02      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                  | Hungary Government International Bond                                            | CUSIP: 445545AM8<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    3627000 | PA      | $2698261.31   | 0.58%             | 2031-09-22      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                 | Republic of South Africa Government International Bond                           | CUSIP: 836205BE3<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    2668000 | PA      | $2344505.00   | 0.50%             | 2052-04-20      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                    | CDS TURKEY                                                                       | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |          1 | NC      | $-3241620.02  | -0.70%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                                  | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     668000 | PA      | $532020.25    | 0.11%             | 2048-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                | USD/JPY FORWARD                                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-336007.10   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                                  | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    1010000 | PA      | $733930.63    | 0.16%             | 2032-01-28      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                      | Nigeria Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    1129000 | PA      | $822758.75    | 0.18%             | 2033-09-28      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                 | Saudi Government International Bond                                              | CUSIP: 80413TAJ8<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    1520000 | PA      | $1413410.00   | 0.30%             | 2049-04-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                       | Ukraine Government International Bond                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     272000 | PA      | $64821.00     | 0.01%             | 2030-11-01      | Variable      | 9.75%                 | No            |                  2 | On Loan: No      |
| MINEJESA CAPITAL BV                                      | Minejesa Capital BV                                                              | CUSIP: 602736AB6<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |    2928000 | PA      | $2248704.00   | 0.48%             | 2037-08-10      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                                       | Panama Government International Bond                                             | CUSIP: 698299BS2<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     688000 | PA      | $502240.00    | 0.11%             | 2063-01-19      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                    | Mexico Government International Bond                                             | CUSIP: 91087BAL4<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     708000 | PA      | $603570.00    | 0.13%             | 2051-04-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TUNISIAN REPUBLIC                                        | Tunisian Republic                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | TN        |    5536000 | PA      | $3882393.27   | 0.83%             | 2026-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                  | Hungary Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    1207000 | PA      | $632555.12    | 0.14%             | 2050-11-17      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                  | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    1012000 | PA      | $618228.00    | 0.13%             | 2042-04-13      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO                                  | KazMunayGas National Co JSC                                                      | CUSIP: 48126PAA0<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |     865000 | PA      | $638802.50    | 0.14%             | 2033-04-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GEOPARK LTD                                              | Geopark Ltd                                                                      | CUSIP: 37255BAB5<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | BM        |    2815000 | PA      | $2431456.25   | 0.52%             | 2027-01-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                 | Saudi Government International Bond                                              | CUSIP: 80413TBA6<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    4496000 | PA      | $4709560.00   | 1.01%             | 2032-10-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                   | Egypt Government International Bond                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    5204000 | PA      | $3804235.89   | 0.82%             | 2031-04-11      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                      | Petroleos Mexicanos                                                              | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   12077000 | PA      | $8220813.90   | 1.77%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                   | Egypt Government International Bond                                              | CUSIP: 03846JX62<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    5715000 | PA      | $3871912.50   | 0.83%             | 2050-05-29      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                                        | Chile Government International Bond                                              | CUSIP: 168863DS4<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    1040000 | PA      | $764920.00    | 0.16%             | 2041-05-07      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| SOUTHERN GAS CORRIDOR                                    | Southern Gas Corridor CJSC                                                       | CUSIP: 84302LAA0<br>LEI: 213800DG58KG59XY6318 | Long             | DBT              | CORP              | AZ        |    1498000 | PA      | $1531143.25   | 0.33%             | 2026-03-24      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                                    | Indonesia Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |     927000 | PA      | $1022119.47   | 0.22%             | 2044-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                       | Dominican Republic International Bond                                            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    2218000 | PA      | $2065235.25   | 0.44%             | 2044-04-30      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                                       | Panama Government International Bond                                             | CUSIP: 698299BL7<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    1541000 | PA      | $1025535.50   | 0.22%             | 2060-07-23      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA                                       | Zambia Government International Bond                                             | CUSIP: 988895AA6<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |    1359000 | PA      | $570780.00    | 0.12%             | 2022-09-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                        | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    1368000 | PA      | $79344.00     | 0.02%             | 2023-05-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY FINANCE LTD                                  | Studio City Finance Ltd                                                          | CUSIP: 86389QAE2<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |     296000 | PA      | $245709.60    | 0.05%             | 2025-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Virtus Stone Harbor Local Markets Fund                   | Virtus Stone Harbor Local Markets Fund                                           | CUSIP: 92828Y516<br>LEI: N/A                  | Long             | EC               | RF                | US        |     788382 | NS      | $5818257.26   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                    | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900HXCCIOHM74FA02 | Long             | DBT              | NUSS              | LK        |    3068000 | PA      | $936077.48    | 0.20%             | 2027-05-11      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                     | Saudi Arabian Oil Co                                                             | CUSIP: 80414L2D6<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    1653000 | PA      | $1529025.00   | 0.33%             | 2029-04-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON                                        | Gabon Government International Bond                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |     401000 | PA      | $330398.94    | 0.07%             | 2031-02-06      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                                | Prosus NV                                                                        | CUSIP: 74365PAF5<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    2232000 | PA      | $1654470.00   | 0.36%             | 2031-07-13      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                       | Ukraine Government International Bond                                            | CUSIP: 903724BV3<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    2206000 | PA      | $525717.38    | 0.11%             | 2030-11-01      | Variable      | 9.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                | USD/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $116109.75    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                | EUR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $23395.35     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Virtus Stone Harbor Emerging Markets Corporate Debt Fund | Virtus Stone Harbor Emerging Markets Corporate Debt Fund                         | CUSIP: 92828Y599<br>LEI: N/A                  | Long             | EC               | RF                | US        |     576219 | NS      | $4333165.30   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                 | First Quantum Minerals Ltd                                                       | CUSIP: 335934AT2<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    1444000 | PA      | $1369749.52   | 0.29%             | 2027-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GREENKO DUTCH BV                                         | Greenko Dutch BV                                                                 | CUSIP: 39530LAD2<br>LEI: 724500PT585P4JPVRP08 | Long             | DBT              | CORP              | NL        |     303690 | PA      | $259275.34    | 0.06%             | 2026-03-29      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                                    | Indonesia Government International Bond                                          | CUSIP: 455780BY1<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |     439000 | PA      | $422585.79    | 0.09%             | 2047-01-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                                  | Pakistan Government International Bond                                           | CUSIP: 740840AC7<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |    1411000 | PA      | $557500.21    | 0.12%             | 2027-12-05      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| STATE OF QATAR                                           | Qatar Government International Bond                                              | CUSIP: 74727PBB6<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |    2644000 | PA      | $2551460.00   | 0.55%             | 2049-03-14      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                    | Sri Lanka Government International Bond                                          | CUSIP: 85227SAW6<br>LEI: 254900HXCCIOHM74FA02 | Long             | DBT              | NUSS              | LK        |    5172000 | PA      | $1550953.50   | 0.33%             | 2028-04-18      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Republic of Iraq CLN                                     | Republic of Iraq CLN                                                             | CUSIP: 000000000<br>LEI: 549300K1NZTY5QS1NO76 | Long             | DBT              | CORP              | KY        |  349566236 | PA      | $2159569.53   | 0.46%             | 2028-01-06      | Variable      | 0.01%                 | No            |                  3 | On Loan: No      |
| UZAUTO MOTORS AJ                                         | Uzauto Motors AJ                                                                 | CUSIP: 000000000<br>LEI: 25490082QA3E2MKBZI88 | Long             | DBT              | CORP              | UZ        |     697000 | PA      | $543660.00    | 0.12%             | 2026-05-04      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| NPC UKRENERGO                                            | NPC Ukrenergo                                                                    | CUSIP: 63718LAA2<br>LEI: 8945009LCLS92V4AK321 | Long             | DBT              | CORP              | UA        |    3633000 | PA      | $653940.00    | 0.14%             | 2028-11-09      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                     | Colombia Government International Bond                                           | CUSIP: 195325DQ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    4480000 | PA      | $3012800.00   | 0.65%             | 2049-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| REP OF ANGOLA(AVENIR IS)                                 | Republic of Angola Via Avenir Issuer II Ireland DAC                              | CUSIP: 000000000<br>LEI: 635400VEZIQKZPR7KU35 | Long             | DBT              | NUSS              | IE        |    5907857 | PA      | $5353995.53   | 1.15%             | 2027-02-19      | Fixed         | 6.93%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF MOZAMBIQUE                                   | Mozambique International Bond                                                    | CUSIP: 000000000<br>LEI: 213800759WLKYIKPER73 | Long             | DBT              | NUSS              | MZ        |     670000 | PA      | $501788.13    | 0.11%             | 2031-09-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                | EUR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-101945.80   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| EMPRESA NACIONAL DEL PET                                 | Empresa Nacional del Petroleo                                                    | CUSIP: 000000000<br>LEI: 549300YP3P0JZBLIV197 | Long             | DBT              | CORP              | CL        |    1491000 | PA      | $1435087.50   | 0.31%             | 2029-11-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                        | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |   18512000 | PA      | $1087580.00   | 0.23%             | 2022-10-04      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                     | Colombia Government International Bond                                           | CUSIP: 195325DX0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    2401000 | PA      | $1326552.50   | 0.29%             | 2061-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PNG GOVT INTL BOND                                       | Papua New Guinea Government International Bond                                   | CUSIP: 69888UAB1<br>LEI: N/A                  | Long             | DBT              | NUSS              | PG        |     449000 | PA      | $377945.75    | 0.08%             | 2028-10-04      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                  | El Salvador Government International Bond                                        | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     436000 | PA      | $179659.25    | 0.04%             | 2032-04-10      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                                   | Brazilian Government International Bond                                          | CUSIP: 105756CC2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     490000 | PA      | $427310.63    | 0.09%             | 2030-06-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                    | Argentine Republic Government International Bond                                 | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   10914558 | PA      | $2886900.59   | 0.62%             | 2030-07-09      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                        | Ghana Government International Bond                                              | CUSIP: 374422AD5<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    1242000 | PA      | $850770.00    | 0.18%             | 2030-10-14      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Republic of Iraq CLN                                     | Republic of Iraq CLN                                                             | CUSIP: 000000000<br>LEI: 549300K1NZTY5QS1NO76 | Long             | DBT              | CORP              | KY        |  162429139 | PA      | $1001581.66   | 0.22%             | 2028-01-01      | Variable      | 0.01%                 | No            |                  3 | On Loan: No      |
| PETROLEOS DEL PERU SA                                    | Petroleos del Peru SA                                                            | CUSIP: 716564AB5<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |    2226000 | PA      | $1510875.24   | 0.32%             | 2047-06-19      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DEL PERU SA                                    | Petroleos del Peru SA                                                            | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |   17652000 | PA      | $11981118.48  | 2.58%             | 2047-06-19      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                    | Argentine Republic Government International Bond                                 | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   28555000 | PA      | $6924587.50   | 1.49%             | 2035-07-09      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                       | Dominican Republic International Bond                                            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    7105000 | PA      | $5444206.25   | 1.17%             | 2041-01-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                     | YPF SA                                                                           | CUSIP: 984245AK6<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |     772100 | PA      | $714578.55    | 0.15%             | 2024-04-04      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                        | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    6726000 | PA      | $400617.38    | 0.09%             | 2022-05-27      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                                       | Panama Government International Bond                                             | CUSIP: 698299BH6<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    1000000 | PA      | $770500.00    | 0.17%             | 2050-04-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PANAMA BONOS DEL                                         | Panama Bonos del Tesoro                                                          | CUSIP: 000000000<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    2659000 | PA      | $2102271.88   | 0.45%             | 2031-06-30      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                      | Nigeria Government International Bond                                            | CUSIP: 65412JAH6<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    1838000 | PA      | $1277410.00   | 0.27%             | 2038-02-23      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                     | Colombia Government International Bond                                           | CUSIP: 195325CU7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    6186000 | PA      | $4143846.75   | 0.89%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                      | Nigeria Government International Bond                                            | CUSIP: 65412JAA1<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     800000 | PA      | $610000.00    | 0.13%             | 2032-02-16      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| IHS NETHERLANDS HOLDCO                                   | IHS Netherlands Holdco BV                                                        | CUSIP: 44963LAC0<br>LEI: 5493006Z6YQYCCN2XI74 | Long             | DBT              | CORP              | NL        |     958000 | PA      | $789930.88    | 0.17%             | 2027-09-18      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO                                  | KazMunayGas National Co JSC                                                      | CUSIP: 48667QAS4<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |    3518000 | PA      | $2810002.50   | 0.60%             | 2048-10-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| REP OF ANGOLA(AVENIR II)                                 | Republic of Angola Via Avenir II BV                                              | CUSIP: 000000000<br>LEI: 724500CRIYMKEWLTHZ15 | Long             | DBT              | CORP              | NL        |    1335000 | PA      | $1321650.00   | 0.28%             | 2023-12-07      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA                                       | Zambia Government International Bond                                             | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |    5095000 | PA      | $2139900.00   | 0.46%             | 2022-09-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                      | Nigeria Government International Bond                                            | CUSIP: 65412JAB9<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     630000 | PA      | $414225.00    | 0.09%             | 2047-11-28      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                        | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |   34424000 | PA      | $2082652.00   | 0.45%             | 2021-04-12      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Republic of Iraq CLN                                     | Republic of Iraq CLN                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | IQ        |  356245676 | PA      | $2202382.02   | 0.47%             | 2028-01-01      | Floating      | 2.54%                 | No            |                  3 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                   | Egypt Government International Bond                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    1539000 | PA      | $1327229.37   | 0.29%             | 2026-04-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                  | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    2899000 | PA      | $1769105.65   | 0.38%             | 2041-04-14      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF JORDAN                                        | Jordan Government International Bond                                             | CUSIP: 000000000<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    1394000 | PA      | $1163990.00   | 0.25%             | 2047-10-10      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO                                  | KazMunayGas National Co JSC                                                      | CUSIP: 48667QAP0<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |     763000 | PA      | $572917.63    | 0.12%             | 2047-04-19      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DEL PERU SA                                    | Petroleos del Peru SA                                                            | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |    1255000 | PA      | $972311.25    | 0.21%             | 2032-06-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                                  | Pakistan Government International Bond                                           | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |    1039000 | PA      | $410519.29    | 0.09%             | 2027-12-05      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                        | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    9360000 | PA      | $542880.00    | 0.12%             | 2033-05-17      | Fixed         | 8.20%                 | No            |                  2 | On Loan: No      |
| STATE OF QATAR                                           | Qatar Government International Bond                                              | CUSIP: 74727PBE0<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |    1152000 | PA      | $1046880.00   | 0.23%             | 2050-04-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                                   | Brazilian Government International Bond                                          | CUSIP: 105756BY5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |      61000 | PA      | $50782.50     | 0.01%             | 2047-02-21      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                       | Dominican Republic International Bond                                            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     429000 | PA      | $353388.75    | 0.08%             | 2048-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON                                        | Gabon Government International Bond                                              | CUSIP: 362420AE1<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |    1208000 | PA      | $994561.50    | 0.21%             | 2031-11-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                    | Venezuela Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     927000 | PA      | $76477.50     | 0.02%             | 2028-05-07      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                  | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    1110000 | PA      | $973359.68    | 0.21%             | 2030-05-26      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| 1MDB GLOBAL INVESTMENTS                                  | 1MDB Global Investments Ltd                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | VG        |    6400000 | PA      | $6261200.00   | 1.35%             | 2023-03-09      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                  | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    1969000 | PA      | $1202856.66   | 0.26%             | 2042-04-13      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| HTA GROUP LTD                                            | HTA Group Ltd/Mauritius                                                          | CUSIP: 40435WAB6<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |    1567000 | PA      | $1441734.02   | 0.31%             | 2025-12-18      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                     | Petronas Capital Ltd                                                             | CUSIP: 716743AR0<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    2251000 | PA      | $2023558.96   | 0.44%             | 2050-04-21      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| TUNISIAN REPUBLIC                                        | Tunisian Republic                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | TN        |    2132000 | PA      | $1826567.52   | 0.39%             | 2024-02-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GOVT OF BERMUDA                                          | Bermuda Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |     385000 | PA      | $363776.88    | 0.08%             | 2027-01-25      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| ATP TOW / AND TELECOM                                    | ATP Tower Holdings LLC / Andean Tower Partners Colombia SAS / Andean Telecom Par | CUSIP: 00216DAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    1207000 | PA      | $1042244.50   | 0.22%             | 2026-04-27      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                            | EUR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-55876.88    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                      | Ecuador Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    3423000 | PA      | $1357005.56   | 0.29%             | 2040-07-31      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| HONDURAS GOVERNMENT                                      | Honduras Government International Bond                                           | CUSIP: 000000000<br>LEI: 5493002DW1JNBNG17615 | Long             | DBT              | NUSS              | HN        |     592000 | PA      | $450216.00    | 0.10%             | 2030-06-24      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                | EUR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-1326043.08  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| HUNGARY                                                  | Hungary Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    1065000 | PA      | $1008358.96   | 0.22%             | 2031-06-16      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                                  | Pakistan Government International Bond                                           | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |     462000 | PA      | $168427.88    | 0.04%             | 2036-03-31      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                  | El Salvador Government International Bond                                        | CUSIP: 283875AQ5<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    1994000 | PA      | $722825.00    | 0.16%             | 2041-02-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KAZAKHSTAN                                   | Kazakhstan Government International Bond                                         | CUSIP: 486661AF8<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |    1673000 | PA      | $1486460.50   | 0.32%             | 2044-10-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY FINANCE LTD                                  | Studio City Finance Ltd                                                          | CUSIP: 86389QAF9<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |    1387000 | PA      | $1019445.00   | 0.22%             | 2028-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                   | Egypt Government International Bond                                              | CUSIP: 03846JX21<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    1455000 | PA      | $1077427.50   | 0.23%             | 2032-01-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                    | Guatemala Government Bond                                                        | CUSIP: 401494AU3<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    1697000 | PA      | $1329811.63   | 0.29%             | 2041-10-07      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIG INTL HL                                 | Digicel International Finance Ltd/Digicel international Holdings Ltd             | CUSIP: 25381XAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     716000 | PA      | $622920.00    | 0.13%             | 2024-05-25      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                      | Braskem Netherlands Finance BV                                                   | CUSIP: 10554TAE5<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    1000000 | PA      | $783000.00    | 0.17%             | 2050-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| INDONESIA ASAHAN ALUMINI                                 | Indonesia Asahan Aluminium Persero PT                                            | CUSIP: 74445PAG7<br>LEI: 2549008P48EB9SN2OI80 | Long             | DBT              | CORP              | ID        |    3499000 | PA      | $2864806.25   | 0.62%             | 2050-05-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                       | Dominican Republic International Bond                                            | CUSIP: 25714PEN4<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     495000 | PA      | $445500.00    | 0.10%             | 2033-02-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                  | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    2543000 | PA      | $1928120.85   | 0.41%             | 2039-03-11      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                       | Ukraine Government International Bond                                            | CUSIP: 903724AS1<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     437000 | PA      | $98133.81     | 0.02%             | 2027-09-01      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                   | Egypt Government International Bond                                              | CUSIP: 03846JAE0<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     365000 | PA      | $261887.50    | 0.06%             | 2033-09-30      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                    | Mexico Government International Bond                                             | CUSIP: 91087BAQ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    1582000 | PA      | $1276772.88   | 0.27%             | 2041-08-14      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV                                  | Mong Duong Finance Holdings BV                                                   | CUSIP: 60935DAA3<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |    3106000 | PA      | $2640100.00   | 0.57%             | 2029-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INC                                   | Gran Tierra Energy Inc                                                           | CUSIP: 38502JAA9<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |    1241000 | PA      | $999005.00    | 0.21%             | 2027-05-23      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DP WORLD PLC                                             | DP World Ltd/United Arab Emirates                                                | CUSIP: 23330JAC5<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |    1408000 | PA      | $1139290.24   | 0.25%             | 2049-09-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                  | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    4315000 | PA      | $3121523.27   | 0.67%             | 2038-02-08      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                                 | Petroleos de Venezuela SA                                                        | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     600000 | PA      | $25500.00     | 0.01%             | 2027-04-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                  | Hungary Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    2371000 | PA      | $1666635.89   | 0.36%             | 2035-06-05      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                                   | Brazilian Government International Bond                                          | CUSIP: 105756BW9<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    1987000 | PA      | $1569730.00   | 0.34%             | 2045-01-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                   | Egypt Government International Bond                                              | CUSIP: 03846JAC4<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    2420000 | PA      | $1536700.00   | 0.33%             | 2061-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                       | Dominican Republic International Bond                                            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     543000 | PA      | $401820.00    | 0.09%             | 2060-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                      | Petroleos Mexicanos                                                              | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    9579000 | PA      | $7383972.15   | 1.59%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                       | Angolan Government International Bond                                            | CUSIP: 035198AE0<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    1603000 | PA      | $1315762.44   | 0.28%             | 2049-11-26      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS SOC LTD                                   | Eskom Holdings SOC Ltd                                                           | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    2161000 | PA      | $2020535.00   | 0.43%             | 2028-08-10      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                        | Republic of Kenya Government International Bond                                  | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     471000 | PA      | $416835.00    | 0.09%             | 2028-02-28      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                       | Ukraine Government International Bond                                            | CUSIP: 90372UAR5<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    1198000 | PA      | $249558.38    | 0.05%             | 2031-05-21      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                    | Argentine Republic Government International Bond                                 | CUSIP: 040114HU7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |      51000 | PA      | $15421.13     | 0.00%             | 2038-01-09      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                        | Republic of Kenya Government International Bond                                  | CUSIP: 491798AK0<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    2208000 | PA      | $1915440.00   | 0.41%             | 2032-05-22      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                       | Dominican Republic International Bond                                            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    1239000 | PA      | $1025892.00   | 0.22%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                  | El Salvador Government International Bond                                        | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    3001000 | PA      | $1087862.50   | 0.23%             | 2041-02-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS SOC LTD                                   | Eskom Holdings SOC Ltd                                                           | CUSIP: 29646AAD8<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    2165000 | PA      | $1986387.50   | 0.43%             | 2028-08-10      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                        | Republic of Kenya Government International Bond                                  | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     975000 | PA      | $899437.50    | 0.19%             | 2024-06-24      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT                                    | Freeport Indonesia PT                                                            | CUSIP: 69377FAC0<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |    1775000 | PA      | $1530937.50   | 0.33%             | 2052-04-14      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| PAMPA ENERGIA SA                                         | Pampa Energia SA                                                                 | CUSIP: 697660AA6<br>LEI: 254900QNIK0CVURGML24 | Long             | DBT              | CORP              | AR        |     674000 | PA      | $591772.00    | 0.13%             | 2027-01-24      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BRASKEM IDESA SAPI                                       | Braskem Idesa SAPI                                                               | CUSIP: 10554NAB4<br>LEI: YH0V7ZHY352ITDGEYB83 | Long             | DBT              | CORP              | MX        |    1014000 | PA      | $713602.50    | 0.15%             | 2032-02-20      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| DAE FUNDING LLC                                          | DAE Funding LLC                                                                  | CUSIP: 23371DAG9<br>LEI: 635400SZTPQL3Y1P2C76 | Long             | DBT              | CORP              | US        |     612000 | PA      | $534735.00    | 0.11%             | 2028-03-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FIN DEPT GOVT SHARJAH                                    | Finance Department Government of Sharjah                                         | CUSIP: 38381CAB8<br>LEI: 254900ZNL8O3F1CLJO24 | Long             | DBT              | NUSS              | AE        |    9189000 | PA      | $5696031.38   | 1.22%             | 2050-07-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                    | Mexico Government International Bond                                             | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    1839000 | PA      | $1390754.88   | 0.30%             | 2036-08-12      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                                 | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                        | CUSIP: 71568QAK3<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |    1048000 | PA      | $809580.00    | 0.17%             | 2049-07-17      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                      | Petroleos Mexicanos                                                              | CUSIP: 706451BG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    1268000 | PA      | $891530.80    | 0.19%             | 2035-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS SOC LTD                                   | Eskom Holdings SOC Ltd                                                           | CUSIP: 29646AAB2<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    7067000 | PA      | $6612061.88   | 1.42%             | 2025-02-11      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                                 | Comision Federal de Electricidad                                                 | CUSIP: 200447AL4<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |    2904000 | PA      | $2527932.00   | 0.54%             | 2029-05-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| POINSETTIA FINANCE LTD                                   | Poinsettia Finance Ltd                                                           | CUSIP: 000000000<br>LEI: 549300P2JTF5JKW10Z65 | Long             | DBT              | CORP              | KY        |   23208060 | PA      | $20111234.49  | 4.32%             | 2031-06-17      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                  | El Salvador Government International Bond                                        | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    2049000 | PA      | $863525.44    | 0.19%             | 2029-02-28      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| CT TRUST                                                 | CT Trust                                                                         | CUSIP: 12659BAA2<br>LEI: 213800MJB7WO427HQD34 | Long             | DBT              | CORP              | GT        |    1836000 | PA      | $1582746.75   | 0.34%             | 2032-02-03      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AFRICA FINANCE CORP                                      | Africa Finance Corp                                                              | CUSIP: 00830YAD3<br>LEI: 213800LXFHRRXIJRXW97 | Long             | DBT              | CORP              | N/A       |    3136000 | PA      | $2555840.00   | 0.55%             | 2028-04-28      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                        | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    2417000 | PA      | $135654.13    | 0.03%             | 2027-03-23      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                      | Nigeria Government International Bond                                            | CUSIP: 65412JAU7<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     880000 | PA      | $729300.00    | 0.16%             | 2029-03-24      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KAZAKHSTAN                                   | Kazakhstan Government International Bond                                         | CUSIP: 486661AH4<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |     628000 | PA      | $651275.25    | 0.14%             | 2045-07-21      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

**Name of Applicant:** Virtus Opportunities Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer