# EDGAR Filing Document

**Accession Number:** 0001124459
**File Stem:** 0002071691-25-009311
**Filing Date:** 2025-12
**Character Count:** 70216
**Document Hash:** e567d1e52e143ae4ac5a80a97d0365a2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-009311.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0002071691-25-009311

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franklin Global Trust
- **CENTRAL INDEX KEY:** 0001124459

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10157
- **FILM NUMBER:** 251595208

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2000

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN GLOBAL TRUST
- **DATE OF NAME CHANGE:** 20000922

## Series and Classes Contracts Data

### Franklin Emerging Market Debt Opportunities Fund (Series ID: S000012347)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000033574 | Franklin Emerging Market Debt Opportunities Fund | FEMDX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Franklin Global Trust

- **b. Investment Company Act file number:** 811-10157

- **c. CIK number of Registrant:** 0001124459

- **d. LEI of Registrant:** 549300QA68NBC3L2Z719

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

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

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

- **a. Name of Series:** Franklin Emerging Market Debt Opportunities Fund

- **b. EDGAR series identifier (if any):** S000012347

- **c. LEI of Series:** XGXXG3CR7RLU46NINB35

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $131503553.58

**Total Liabilities:** $191960.50

**Net Assets:** $131311593.08

**Amount of Assets Invested in Other Investment Companies:** $1034654.14

**Cash Not Reported:** $112341.56

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -24.58000000 | **1-Year:** -411.81000000 | **5-Year:** -1655.67000000 | **10-Year:** -5725.74000000 | **30-Year:** -4611.67000000

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

- **3-Month:** -124.95000000 | **1-Year:** -1800.11000000 | **5-Year:** -13973.40000000 | **10-Year:** -16543.30000000 | **30-Year:** -10582.20000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000033574 | 1.78%                | 1.35%                | 1.96%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-19399.66               | $1485182.31                                |
| Month 2  | $-295401.82              | $992772.14                                 |
| Month 3  | $282167.72               | $701986.28                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Adani Electricity Mumbai Ltd.                            | Adani Electricity Mumbai Ltd.                                              | CUSIP: 00654GAA1<br>LEI: 335800AIC1B5EBFVUC38 | Long             | DBT              | CORP              | IN        |     1660000 | PA      | $1559768.04   | 1.19%             | 2030-02-12      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Alfa Bank AO                                             | Alfa Bank AO Via Alfa Bond Issuance plc                                    | CUSIP: 01538RAF6<br>LEI: 54930015QM0G7XTNYR27 | Long             | DBT              | CORP              | IE        |     1000000 | PA      | $0.00         | 0.00%             | 2030-04-15      | Floating      | 5.95%                 | No            |                  3 | On Loan: No      |
| Argentine Republic (The)                                 | Argentina Government Bond                                                  | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     1008392 | PA      | $860662.57    | 0.66%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Global Distressed Alpha Fund III LP                      | Global Distressed Alpha Fund III LP                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |      125152 | PA      | $0.00         | 0.00%             | 2049-02-20      | Fixed         | 12.00%                | No            |                  3 | On Loan: No      |
| Republic of Honduras                                     | Honduras Government Bond                                                   | CUSIP: 438180AJ0<br>LEI: 5493002DW1JNBNG17615 | Long             | DBT              | NUSS              | HN        |     1445000 | PA      | $1414655.00   | 1.08%             | 2030-06-24      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Republic of Turkiye (The)                                | Turkiye Government Bond                                                    | CUSIP: N/A<br>LEI: 5493000PCHOG3B6S3Q85       | Long             | DBT              | NUSS              | TR        |   103000000 | PA      | $2419829.52   | 1.84%             | 2026-08-12      | Fixed         | 36.00%                | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                   | Egypt Government Bond                                                      | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |    23000000 | PA      | $498805.44    | 0.38%             | 2027-08-13      | Fixed         | 25.32%                | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                      | Petroleos Mexicanos                                                        | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |     2000000 | PA      | $1999535.60   | 1.52%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Yen                                                      | Yen                                                                        | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | JP        |          -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of Iraq                                         | Iraq Government Bond                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | IQ        |      765625 | PA      | $764428.01    | 0.58%             | 2028-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                                     | Colombia Government Bond                                                   | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |  1635000000 | PA      | $421384.33    | 0.32%             | 2027-06-28      | Fixed         | 9.85%                 | No            |                  2 | On Loan: No      |
| Argentine Republic (The)                                 | Argentina Government Bond                                                  | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     1435000 | PA      | $1008805.00   | 0.77%             | 2035-07-09      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Republic of Cameroon International Bond                  | Cameroon Government Bond                                                   | CUSIP: N/A<br>LEI: 54930021BO6NHYGBBV24       | Long             | DBT              | NUSS              | CM        |     1930000 | PA      | $1818238.94   | 1.38%             | 2032-07-07      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                        | Ghana Government Bond                                                      | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |     1500000 | PA      | $1296524.91   | 0.99%             | 2035-07-03      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tunisian Republic Bond                                   | Tunisia Government Bond                                                    | CUSIP: N/A<br>LEI: 254900B5LFB16S9T2T11       | Long             | DBT              | NUSS              | TN        |   350000000 | PA      | $2034768.98   | 1.55%             | 2031-03-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Federal Democratic Republic of Ethiopia                  | Ethiopia Government Bond                                                   | CUSIP: 29766LAA4<br>LEI: N/A                  | Long             | DBT              | NUSS              | ET        |     2050000 | PA      | $2167570.99   | 1.65%             | 2024-12-11      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                   | Egypt Government Bond                                                      | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |    11032000 | PA      | $237535.75    | 0.18%             | 2027-10-01      | Fixed         | 24.46%                | No            |                  2 | On Loan: No      |
| PA Autopista Rio Magdalena                               | PA Autopista Rio Magdalena                                                 | CUSIP: 69313QAA7<br>LEI: 549300DOJDJENE63OG19 | Long             | DBT              | CORP              | CO        |  3647291611 | PA      | $835022.15    | 0.64%             | 2036-06-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Republic of Guatemala                                    | Guatemala Government Bond                                                  | CUSIP: N/A<br>LEI: 529900QKDFFU9UWW5315       | Long             | DBT              | NUSS              | GT        |     1375000 | PA      | $1355303.13   | 1.03%             | 2050-06-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Serbia International Bond                                | Serbia Government Bond                                                     | CUSIP: N/A<br>LEI: 254900W94OCY91V32O78       | Long             | DBT              | NUSS              | RS        |      100000 | PA      | $108118.80    | 0.08%             | 2029-06-26      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $65252.41     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Benin Government International Bond                      | Benin Government Bond                                                      | CUSIP: N/A<br>LEI: 635400Q11P6AE5A5Y230       | Long             | DBT              | NUSS              | BJ        |      533000 | PA      | $590241.44    | 0.45%             | 2032-01-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-31779.45    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Suriname Government International Bond                   | Suriname Government Bond                                                   | CUSIP: 86886PAD4<br>LEI: 254900SYU4G5JM13TN77 | Long             | DBT              | NUSS              | SR        |     1084000 | PA      | $1296193.00   | 0.99%             | 2050-12-31      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| Egyptian Pound                                           | Egyptian Pound                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | EG        |        6224 | OU      | $131.74       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Provincia de Neuquen Argentina                           | Provincia de Neuquen Argentina                                             | CUSIP: N/A<br>LEI: 549300X5HUL4FRDNBN35       | Long             | DBT              | NUSS              | AR        |           0 | PA      | $0.00         | 0.00%             | 2030-05-12      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Country Garden Holdings Co. Ltd.                         | Country Garden Holdings Co. Ltd.                                           | CUSIP: N/A<br>LEI: 549300MGHLPT1EFHGF84       | Long             | DBT              | CORP              | KY        |     1940000 | PA      | $187811.40    | 0.14%             | 2026-04-08      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Digicel International Finance Ltd. / DIFL US LLC         | Digicel International Finance Ltd. / DIFL US LLC                           | CUSIP: 25381MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1250000 | PA      | $1245544.35   | 0.95%             | 2032-08-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Meridiam Eastern Europe Investments SAS                  | Meridiam Eastern Europe Investments SAS                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | FR        |      392857 | PA      | $466999.25    | 0.36%             | 2028-06-10      | Fixed         | 8.85%                 | No            |                  3 | On Loan: No      |
| Sphynx Capital Markets PCC                               | Sphynx Capital Markets PCC (National Investment Bank of Ghana), Series PTN | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               | CORP              | MU        |     8000000 | PA      | $0.00         | 0.00%             | 2009-02-05      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Istanbul Metropolitan Municipality                       | Istanbul Metropolitan Municipality                                         | CUSIP: 46522TAB4<br>LEI: 213800T1VDQSNKA2MD76 | Long             | DBT              | NUSS              | TR        |      250000 | PA      | $266661.33    | 0.20%             | 2027-04-12      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Ecopetrol SA                                             | Ecopetrol SA                                                               | CUSIP: 279158AP4<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | NUSS              | CO        |      950000 | PA      | $852786.98    | 0.65%             | 2031-11-02      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Inter-American Development Bank                          | Inter-American Development Bank                                            | CUSIP: N/A<br>LEI: VKU1UKDS9E7LYLMACP54       | Long             | DBT              | NUSS              | ID        |  7630000000 | PA      | $458671.74    | 0.35%             | 2026-11-17      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Federal Democratic Republic of Ethiopia                  | Ethiopia Government Bond                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | ET        |      620000 | PA      | $655558.05    | 0.50%             | 2024-12-11      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Mexican Peso                                             | Mexican Peso                                                               | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | MX        |          -0 | OU      | $-0.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Braskem America Finance Co.                              | Braskem America Finance Co.                                                | CUSIP: N/A<br>LEI: 254900QMQAJ26H49CL75       | Long             | DBT              | CORP              | US        |      740000 | PA      | $303376.99    | 0.23%             | 2041-07-22      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                       | Dominican Republic Government Bond                                         | CUSIP: 25714PES3<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    29000000 | PA      | $544648.59    | 0.41%             | 2033-02-03      | Fixed         | 13.62%                | No            |                  2 | On Loan: No      |
| Braskem Netherlands Finance BV                           | Braskem Netherlands Finance BV                                             | CUSIP: N/A<br>LEI: 2549000TLMHFQ74DS330       | Long             | DBT              | CORP              | NL        |      770000 | PA      | $317155.30    | 0.24%             | 2034-10-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Telecommunications Services of Trinidad & Tobago Ltd.    | Telecommunications Services of Trinidad & Tobago Ltd.                      | CUSIP: 87929TAA9<br>LEI: 5299007N4G3EZWXAMB76 | Long             | DBT              | CORP              | TT        |      370000 | PA      | $378506.30    | 0.29%             | 2029-10-18      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Gabonese Republic                                        | Gabon Government Bond                                                      | CUSIP: 362420AD3<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |      300000 | PA      | $235371.05    | 0.18%             | 2031-02-06      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| K2016470219 South Africa Ltd.                            | K2016470219 South Africa Ltd., Escrow Account, Class D                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |      275106 | NS      | $4183.37      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Suriname Government International Bond                   | Suriname Government Bond                                                   | CUSIP: 86886PAD4<br>LEI: 254900SYU4G5JM13TN77 | Long             | DBT              | NUSS              | SR        |      250000 | PA      | $297500.00    | 0.23%             | 2050-12-31      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| Romania                                                  | Romania Government Bond                                                    | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     1370000 | PA      | $1557690.85   | 1.19%             | 2036-02-22      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Petra Diamonds US Treasury plc                           | Petra Diamonds US Treasury plc                                             | CUSIP: N/A<br>LEI: 635400LZYOO6WHAO2H58       | Long             | DBT              | CORP              | GB        |     1415350 | PA      | $824139.48    | 0.63%             | 2026-03-08      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Republic of Armenia                                      | Armenia Government Bond                                                    | CUSIP: 042207AC4<br>LEI: 5299000H77JSW90G7935 | Long             | DBT              | NUSS              | AM        |     1620000 | PA      | $1547564.08   | 1.18%             | 2029-09-26      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Gabonese Republic                                        | Gabon Government Bond                                                      | CUSIP: 362420AD3<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |     1640000 | PA      | $1286695.10   | 0.98%             | 2031-02-06      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| United Mexican States                                    | Mexican Bonos Desarr Fixed Rate, Series M                                  | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |    16120000 | PA      | $846735.91    | 0.64%             | 2031-05-29      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Ukraine                                                  | Ukraine Government Bond                                                    | CUSIP: 903724CB6<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      639491 | PA      | $356568.76    | 0.27%             | 2035-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Provincia del Chubut Argentina                           | Provincia del Chubut Argentina                                             | CUSIP: 17127LAA3<br>LEI: 529900V5CYYSD8ADKQ03 | Long             | DBT              | NUSS              | AR        |     1346201 | PA      | $1326008.31   | 1.01%             | 2030-07-26      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Federal Republic of Nigeria                              | Nigeria Government Bond                                                    | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | NG        |     1800000 | PA      | $1605331.91   | 1.22%             | 2047-11-28      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Global Distressed Alpha Fund III LP                      | Global Distressed Alpha Fund III LP                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |       93170 | PA      | $0.00         | 0.00%             | 2049-02-20      | Fixed         | 12.00%                | No            |                  3 | On Loan: No      |
| MC Brazil Downstream Trading SARL                        | MC Brazil Downstream Trading SARL                                          | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |     1322703 | PA      | $1089840.99   | 0.83%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Republic of Panama                                       | Panama Government Bond                                                     | CUSIP: 698299BY9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     1000000 | PA      | $1165400.00   | 0.89%             | 2038-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KazMunayGas National Co. JSC                             | KazMunayGas National Co. JSC                                               | CUSIP: 48667QAP0<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |     1750000 | PA      | $1660238.23   | 1.26%             | 2047-04-19      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Government of Jamaica                                    | Jamaica Government Bond                                                    | CUSIP: 470160CF7<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |    78500000 | PA      | $519379.82    | 0.40%             | 2030-11-03      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| MHP Lux SA                                               | MHP Lux SA                                                                 | CUSIP: N/A<br>LEI: 222100RHC7R1WZ1J3M44       | Long             | DBT              | CORP              | LU        |      650000 | PA      | $524761.61    | 0.40%             | 2029-09-19      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Ukraine                                                  | Ukraine Government Bond                                                    | CUSIP: 903724CA8<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      758281 | PA      | $427445.56    | 0.33%             | 2034-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Inter-American Development Bank                          | Inter-American Development Bank                                            | CUSIP: N/A<br>LEI: VKU1UKDS9E7LYLMACP54       | Long             | DBT              | NUSS              | IN        |    47000000 | PA      | $536968.89    | 0.41%             | 2029-01-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Heritage Petroleum Co. Ltd.                              | Heritage Petroleum Co. Ltd.                                                | CUSIP: 42727GAA6<br>LEI: 25490055MYPABN06OA04 | Long             | DBT              | CORP              | TT        |      650000 | PA      | $668200.00    | 0.51%             | 2029-08-12      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BOI Finance BV                                           | BOI Finance BV                                                             | CUSIP: N/A<br>LEI: 724500ZH3H2YACBUNF38       | Long             | DBT              | NUSS              | NL        |      850000 | PA      | $1012550.21   | 0.77%             | 2027-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $4930.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nigeria OMO Bill                                         | Nigeria Treasury Bills                                                     | CUSIP: N/A<br>LEI: 549300G1JG004Y3K8S97       | Long             | STIV             | UST               | NG        |  1144500000 | PA      | $764002.22    | 0.58%             | 2026-03-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Telecommunications Services of Trinidad & Tobago Ltd.    | Telecommunications Services of Trinidad & Tobago Ltd.                      | CUSIP: 87929TAA9<br>LEI: 5299007N4G3EZWXAMB76 | Long             | DBT              | CORP              | TT        |      600000 | PA      | $613794.00    | 0.47%             | 2029-10-18      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Republic of Kazakhstan                                   | Kazakhstan MEUKAM                                                          | CUSIP: N/A<br>LEI: 5493007OEK8EF02UO833       | Long             | DBT              | NUSS              | KZ        |   870900000 | PA      | $1253750.00   | 0.95%             | 2028-04-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| International Bank for Reconstruction & Development      | International Bank for Reconstruction & Development                        | CUSIP: N/A<br>LEI: ZTMSNXROF84AHWJNKQ93       | Long             | DBT              | NUSS              | ID        | 15300000000 | PA      | $918520.39    | 0.70%             | 2026-02-09      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Republic of El Salvador                                  | El Salvador Government Bond                                                | CUSIP: N/A<br>LEI: 529900AKDMUSFSDOM949       | Long             | DBT              | NUSS              | SV        |     2960000 | PA      | $3084334.27   | 2.35%             | 2035-06-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| Islamic Republic of Pakistan                             | Pakistan Government Bond                                                   | CUSIP: 695847AT0<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |     1510000 | PA      | $1495101.39   | 1.14%             | 2031-04-08      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Republic of Turkiye (The)                                | Turkiye Government Bond                                                    | CUSIP: 900123CB4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     1800000 | PA      | $1374360.71   | 1.05%             | 2043-04-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Global Distressed Alpha Fund III LP                      | Global Distressed Alpha Fund III LP                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     1159009 | PA      | $0.00         | 0.00%             | 2049-02-20      | Fixed         | 12.00%                | No            |                  3 | On Loan: No      |
| Bolivarian Republic of Venezuela                         | Venezuela Government Bond                                                  | CUSIP: N/A<br>LEI: 529900XM8PJTJK5OJI77       | Long             | DBT              | NUSS              | VE        |     2000000 | PA      | $518200.00    | 0.39%             | 2025-04-21      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| Uzbekneftegaz JSC                                        | Uzbekneftegaz JSC                                                          | CUSIP: 91825MAC7<br>LEI: 213800LUZJZFLJD4MJ51 | Long             | DBT              | NUSS              | UZ        |     1150000 | PA      | $1228104.60   | 0.94%             | 2030-05-07      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $8484.42      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Angola                                       | Angola Government Bond                                                     | CUSIP: 035198AF7<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     2697000 | PA      | $2534977.56   | 1.93%             | 2032-04-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Frigorifico Concepcion SA                                | Frigorifico Concepcion SA                                                  | CUSIP: 358648AA1<br>LEI: 529900Q6VZVL47QJCQ91 | Long             | DBT              | CORP              | PY        |     1700000 | PA      | $1149200.00   | 0.88%             | 2028-07-21      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Republic of Cote d'Ivoire                                | Ivory Coast Government Bond                                                | CUSIP: N/A<br>LEI: 254900ICW11T82O6H590       | Long             | DBT              | NUSS              | CI        |     2290000 | PA      | $2555069.26   | 1.95%             | 2032-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| International Finance Corp.                              | International Finance Corp.                                                | CUSIP: N/A<br>LEI: QKL54NQY28TCDAI75F60       | Long             | DBT              | NUSS              | AZ        |      500000 | PA      | $298698.53    | 0.23%             | 2027-07-23      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                       | Dominican Republic Government Bond                                         | CUSIP: 25714PEB0<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     1350000 | PA      | $1348245.00   | 1.03%             | 2049-06-05      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Bolivarian Republic of Venezuela                         | Venezuela Government Bond                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | VE        |      925920 | NS      | $1029846.19   | 0.78%             |  |  |  | No            |                  3 | On Loan: No      |
| Suriname Government International Bond                   | Suriname Government Bond                                                   | CUSIP: 86886PAC6<br>LEI: 254900SYU4G5JM13TN77 | Long             | DBT              | NUSS              | SR        |      777538 | PA      | $777538.00    | 0.59%             | 2033-07-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Republic of El Salvador                                  | El Salvador Government Bond                                                | CUSIP: 283875CD2<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     1200000 | PA      | $32400.00     | 0.02%             | 2030-04-17      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Ukraine                                                  | Ukraine Government Bond                                                    | CUSIP: 903724CG5<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      221577 | PA      | $113636.51    | 0.09%             | 2036-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Nuevo Sol                                                | Nuevo Sol                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | PE        |           3 | OU      | $0.77         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of Kazakhstan                                   | Kazakhstan MEKKAM                                                          | CUSIP: N/A<br>LEI: 5493007OEK8EF02UO833       | Long             | STIV             | NUSS              | KZ        |   170000000 | PA      | $293250.57    | 0.22%             | 2026-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                 | South Africa Government Bond                                               | CUSIP: 836205BB9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     1600000 | PA      | $1356700.10   | 1.03%             | 2049-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Republic of Kazakhstan                                   | Kazakhstan MEOKAM                                                          | CUSIP: N/A<br>LEI: 5493007OEK8EF02UO833       | Long             | DBT              | NUSS              | KZ        |   319489000 | PA      | $572497.57    | 0.44%             | 2026-08-04      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Federative Republic of Brazil                            | Brazil Government Bond                                                     | CUSIP: 105756CB4<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     1670000 | PA      | $1261685.00   | 0.96%             | 2050-01-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2279.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                   | Egypt Government Bond                                                      | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |    66275000 | PA      | $1427001.61   | 1.09%             | 2027-10-01      | Fixed         | 24.46%                | No            |                  2 | On Loan: No      |
| Republic of Montenegro                                   | Montenegro Government Bond                                                 | CUSIP: N/A<br>LEI: 747800V014106FYLL014       | Long             | DBT              | NUSS              | ME        |     1550000 | PA      | $1820631.12   | 1.39%             | 2032-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| K2016470260 South Africa Ltd.                            | K2016470260 South Africa Ltd.                                              | CUSIP: N/A<br>LEI: 3789003E1C22310B3356       | Long             | DBT              | CORP              | ZA        |     2133302 | PA      | $0.00         | 0.00%             | 2022-12-31      | Fixed         | 25.00%                | No            |                  3 | On Loan: No      |
| Arab Republic of Egypt                                   | Egypt Government Bond                                                      | CUSIP: 03846JAC4<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     1710000 | PA      | $1405245.22   | 1.07%             | 2061-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Republic of Armenia                                      | Armenia Government Bond                                                    | CUSIP: 042207AD2<br>LEI: 5299000H77JSW90G7935 | Long             | DBT              | NUSS              | AM        |      750000 | PA      | $688985.37    | 0.52%             | 2031-02-02      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Global Distressed Alpha Fund III LP                      | Global Distressed Alpha Fund III LP                                        | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | BM        |     4424861 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Republic of Uzbekistan International Bond                | Uzbekistan Government Bond                                                 | CUSIP: 91824PAB3<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   930000000 | PA      | $79768.84     | 0.06%             | 2027-05-29      | Fixed         | 16.62%                | No            |                  2 | On Loan: No      |
| Tunisian Republic Bond                                   | Tunisia Government Bond                                                    | CUSIP: N/A<br>LEI: 254900B5LFB16S9T2T11       | Long             | DBT              | NUSS              | TN        |      700000 | PA      | $805188.97    | 0.61%             | 2026-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Ukraine                                                  | Ukraine Government Bond                                                    | CUSIP: 903724CE0<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      414639 | PA      | $173543.84    | 0.13%             | 2034-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-7136.32     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Romania                                                  | Romania Government Bond                                                    | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     1450000 | PA      | $1454781.37   | 1.11%             | 2035-10-29      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                 | South Africa Government Bond                                               | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |    59600000 | PA      | $3068279.16   | 2.34%             | 2048-02-28      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Banque Ouest Africaine de Developpement                  | Banque Ouest Africaine de Developpement                                    | CUSIP: 06675QAE3<br>LEI: 529900LIZJABE4JJS826 | Long             | DBT              | NUSS              | US        |      900000 | PA      | $928645.78    | 0.71%             | 2055-02-13      | Fixed         | 8.20%                 | No            |                  2 | On Loan: No      |
| Astana Finance JSC                                       | Astana Finance JSC                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KZ        |      193625 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| IHS Holding Ltd.                                         | IHS Holding Ltd.                                                           | CUSIP: 44963HAD7<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |      400000 | PA      | $417776.24    | 0.32%             | 2031-11-29      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Tenge                                                    | Tenge                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | KZ        |         123 | OU      | $0.23         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $7324.64      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                                     | Colombia Government Bond                                                   | CUSIP: 195325EG6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     1100000 | PA      | $1169245.00   | 0.89%             | 2034-02-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| K2016470219 South Africa Ltd.                            | K2016470219 South Africa Ltd.                                              | CUSIP: N/A<br>LEI: 378900DECAC8CFA88345       | Long             | DBT              | CORP              | ZA        |     4842864 | PA      | $0.00         | 0.00%             | 2022-12-31      | Fixed         | 3.00%                 | No            |                  3 | On Loan: No      |
| Colombian Peso                                           | Colombian Peso                                                             | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | CO        |          -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kosmos Energy Ltd.                                       | Kosmos Energy Ltd.                                                         | CUSIP: 500688AJ5<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |     2100000 | PA      | $1413269.13   | 1.08%             | 2031-10-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Mozambique International Bond                            | Mozambique Government Bond                                                 | CUSIP: N/A<br>LEI: 213800759WLKYIKPER73       | Long             | DBT              | NUSS              | MZ        |     2071000 | PA      | $1799612.06   | 1.37%             | 2031-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Republic of Uzbekistan International Bond                | Uzbekistan Government Bond                                                 | CUSIP: 91824PAB3<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        | 12500000000 | PA      | $1072161.85   | 0.82%             | 2027-05-29      | Fixed         | 16.62%                | No            |                  2 | On Loan: No      |
| Ambipar Lux SARL                                         | Ambipar Lux SARL                                                           | CUSIP: 02319WAB7<br>LEI: 9845008C0E14F9BDEK55 | Long             | DBT              | CORP              | LU        |      600000 | PA      | $112792.73    | 0.09%             | 2033-02-05      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| Ukraine                                                  | Ukraine Government, Series VRI, GDP Linked Security                        | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | N/A              | DO               | NUSS              | UA        |     1950000 | PA      | $1659574.80   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Uganda Shilling                                          | Uganda Shilling                                                            | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | UG        |          -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Federative Republic of Brazil Bond                       | Brazil Government Bond                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | BR        |    15381145 | PA      | $2593466.18   | 1.98%             | 2035-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Gabonese Republic                                        | Gabon Government Bond                                                      | CUSIP: 362420AE1<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |     1800000 | PA      | $1405158.68   | 1.07%             | 2031-11-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                   | Egypt Government Bond                                                      | CUSIP: 03846JAE0<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      675000 | PA      | $661574.49    | 0.50%             | 2033-09-30      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                   | Egypt Treasury Bills                                                       | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | STIV             | NUSS              | EG        |    17100000 | PA      | $333564.49    | 0.25%             | 2026-03-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ukraine                                                  | Ukraine Government Bond                                                    | CUSIP: 903724CC4<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      693632 | PA      | $382522.22    | 0.29%             | 2036-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Hashemite Kingdom of Jordan                              | Jordan Government Bond                                                     | CUSIP: 418097AJ0<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |     1450000 | PA      | $1468712.58   | 1.12%             | 2047-10-10      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Hashemite Kingdom of Jordan                              | Jordan Government Bond                                                     | CUSIP: 418097AL5<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |     1200000 | PA      | $1216644.54   | 0.93%             | 2030-07-07      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Ukraine                                                  | Ukraine Government Bond                                                    | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | N/A              | DO               | NUSS              | UA        |      200000 | PA      | $170212.80    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Grenada                                                  | Grenada Government Bond                                                    | CUSIP: 38373UAE2<br>LEI: N/A                  | Long             | DBT              | NUSS              | GD        |      718774 | PA      | $699007.88    | 0.53%             | 2030-05-12      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Ukraine                                                  | Ukraine Government Bond                                                    | CUSIP: 903724CF7<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      265892 | PA      | $136517.38    | 0.10%             | 2035-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Global Distressed Alpha Fund III LP                      | Global Distressed Alpha Fund III LP                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | BM        |       80178 | PA      | $0.00         | 0.00%             | 2049-02-20      | Fixed         | 12.00%                | No            |                  3 | On Loan: No      |
| Serbia International Bond                                | Serbia Government Bond                                                     | CUSIP: N/A<br>LEI: 254900W94OCY91V32O78       | Long             | DBT              | NUSS              | RS        |      560000 | PA      | $547351.02    | 0.42%             | 2033-03-03      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Corp. Andina de Fomento                                  | Corp. Andina de Fomento                                                    | CUSIP: N/A<br>LEI: UKZ46SXGNYCZK0UOZE76       | Long             | DBT              | NUSS              | MX        |     8630000 | PA      | $439468.76    | 0.33%             | 2030-06-10      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Republic of Iraq                                         | Iraq Government Bond                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | IQ        |     2121875 | PA      | $2118557.62   | 1.61%             | 2028-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Braskem Idesa SAPI                                       | Braskem Idesa SAPI                                                         | CUSIP: 10554NAB4<br>LEI: YH0V7ZHY352ITDGEYB83 | Long             | DBT              | CORP              | MX        |     1640000 | PA      | $1052358.02   | 0.80%             | 2032-02-20      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| Russian Ruble                                            | Russian Ruble                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | RU        |       19080 | OU      | $236.14       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nigeria OMO Bill                                         | Nigeria Treasury Bills                                                     | CUSIP: N/A<br>LEI: 549300G1JG004Y3K8S97       | Long             | STIV             | UST               | NG        |  1144500000 | PA      | $750776.05    | 0.57%             | 2026-02-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Republic of Uganda                                       | Uganda Government Bond                                                     | CUSIP: N/A<br>LEI: 549300NF1DEFHG8XLQ11       | Long             | DBT              | NUSS              | UG        |  5029500000 | PA      | $1392982.63   | 1.06%             | 2029-08-23      | Fixed         | 14.25%                | No            |                  2 | On Loan: No      |
| Republic of Uzbekistan International Bond                | Uzbekistan Government Bond                                                 | CUSIP: 91824PAD9<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |  8100000000 | PA      | $697631.02    | 0.53%             | 2028-02-25      | Fixed         | 15.50%                | No            |                  2 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $17151.83     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Global Distressed Alpha Fund III LP                      | Global Distressed Alpha Fund III LP                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |      550596 | PA      | $0.00         | 0.00%             | 2049-02-20      | Fixed         | 12.00%                | No            |                  3 | On Loan: No      |
| Saderea DAC                                              | Saderea DAC                                                                | CUSIP: N/A<br>LEI: 635400IPZLZJ55ANED20       | Long             | DBT              | CORP              | IE        |      962883 | PA      | $788119.37    | 0.60%             | 2026-11-30      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $3870.33      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Benin Government International Bond                      | Benin Government Bond                                                      | CUSIP: 08205QAC2<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |     1400000 | PA      | $1493785.02   | 1.14%             | 2041-01-23      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Republic of Angola                                       | Angola Government Bond                                                     | CUSIP: 035198AC4<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      600000 | PA      | $515654.97    | 0.39%             | 2048-05-08      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Franklin Institutional U.S. Government Money Market Fund | Franklin Institutional U.S. Government Money Market Fund                   | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        |     7927808 | NS      | $7927807.90   | 6.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $225601.64    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-8482.83     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Asian Infrastructure Investment Bank (The)               | Asian Infrastructure Investment Bank (The)                                 | CUSIP: N/A<br>LEI: 25490065OSV2524LCR32       | Long             | DBT              | NUSS              | IN        |    57600000 | PA      | $656839.69    | 0.50%             | 2029-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                                     | Colombia Titulos de Tesoreria, Series B                                    | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |  4305500000 | PA      | $1199915.44   | 0.91%             | 2033-02-09      | Fixed         | 13.25%                | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                   | Egypt Government Bond                                                      | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |    18000000 | PA      | $390369.47    | 0.30%             | 2027-08-13      | Fixed         | 25.32%                | No            |                  2 | On Loan: No      |
| Republic of Bulgaria                                     | Bulgaria Government Bond                                                   | CUSIP: N/A<br>LEI: 529900PG0XCL4LICL838       | Long             | DBT              | NUSS              | BG        |     1990000 | PA      | $1353120.23   | 1.03%             | 2050-09-23      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| EURO                                                     | EURO                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | XX        |       55867 | OU      | $64395.40     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Istanbul Metropolitan Municipality                       | Istanbul Metropolitan Municipality                                         | CUSIP: 46522TAC2<br>LEI: 213800T1VDQSNKA2MD76 | Long             | DBT              | NUSS              | TR        |     1445000 | PA      | $1588630.38   | 1.21%             | 2028-12-06      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| GDZ Elektrik Dagitim A/S                                 | GDZ Elektrik Dagitim A/S                                                   | CUSIP: 36270TAA1<br>LEI: 984500B63B5766038A64 | Long             | DBT              | CORP              | TR        |     1300000 | PA      | $1275727.66   | 0.97%             | 2029-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Republic of Bulgaria                                     | Bulgaria Government Bond                                                   | CUSIP: N/A<br>LEI: 529900PG0XCL4LICL838       | Long             | DBT              | NUSS              | BG        |      200000 | PA      | $244120.63    | 0.19%             | 2029-09-23      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Ipoteka-Bank ATIB                                        | Ipoteka-Bank ATIB                                                          | CUSIP: N/A<br>LEI: 213800UWVX5JSNXJS434       | Long             | DBT              | CORP              | UZ        |  2500000000 | PA      | $215982.35    | 0.16%             | 2027-04-25      | Fixed         | 20.50%                | No            |                  2 | On Loan: No      |
| Ambipar Lux SARL                                         | Ambipar Lux SARL                                                           | CUSIP: 02319WAA9<br>LEI: 9845008C0E14F9BDEK55 | Long             | DBT              | CORP              | LU        |      671000 | PA      | $153531.51    | 0.12%             | 2031-02-06      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Republic of Kazakhstan                                   | Kazakhstan MEOKAM                                                          | CUSIP: N/A<br>LEI: 5493007OEK8EF02UO833       | Long             | DBT              | NUSS              | KZ        |   394713000 | PA      | $721088.67    | 0.55%             | 2026-09-16      | Fixed         | 13.90%                | No            |                  2 | On Loan: No      |
| Provincia de Tierra Del Fuego Argentina                  | Argentina Provincia de Tierra del Fuego                                    | CUSIP: 886516AC7<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |      323400 | PA      | $313698.00    | 0.24%             | 2030-01-21      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| Rupiah                                                   | Rupiah                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | ID        |           0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United Mexican States                                    | Mexican Bonos Desarr Fixed Rate, Series M                                  | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |    55860000 | PA      | $2624024.11   | 2.00%             | 2047-11-07      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                       | Dominican Republic Government Bond                                         | CUSIP: 25714PES3<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    33650000 | PA      | $631980.17    | 0.48%             | 2033-02-03      | Fixed         | 13.62%                | No            |                  2 | On Loan: No      |
| European Bank for Reconstruction & Development           | European Bank for Reconstruction & Development                             | CUSIP: N/A<br>LEI: 549300HTGDOVDU6OGK19       | Long             | DBT              | NUSS              | AZ        |      400000 | PA      | $243200.00    | 0.19%             | 2028-06-26      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** Franklin Global Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer