# EDGAR Filing Document

**Accession Number:** 0000809593
**File Stem:** 0001410368-25-012505
**Filing Date:** 2025-9
**Character Count:** 133218
**Document Hash:** e01dafa6e91f7d62b037263257367fcf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-012505.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0001410368-25-012505

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN BEACON FUNDS
- **CENTRAL INDEX KEY:** 0000809593

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04984
- **FILM NUMBER:** 251351006

**BUSINESS ADDRESS:**
- **STREET 1:** 220 EAST LAS COLINAS BOULEVARD
- **STREET 2:** SUITE 1200
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75039
- **BUSINESS PHONE:** 8173916100

**MAIL ADDRESS:**
- **STREET 1:** 220 EAST LAS COLINAS BOULEVARD
- **STREET 2:** SUITE 1200
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75039

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN AADVANTAGE FUNDS
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN EAGLE FUNDS
- **DATE OF NAME CHANGE:** 19890813

## Series and Classes Contracts Data

### American Beacon Developing World Income Fund (Series ID: S000044050)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000136710 | A Class        | AGUAX           |
| C000136711 | C Class        | AGECX           |
| C000136712 | R5 Class       | AGEIX           |
| C000136713 | Investor Class | AGEPX           |
| C000136714 | Y Class        | AGEYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AMERICAN BEACON FUNDS

- **b. Investment Company Act file number:** 811-04984

- **c. CIK number of Registrant:** 0000809593

- **d. LEI of Registrant:** 549300EXCES9V5RWB620

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

  - **Street Address 1:** 220 EAST LAS COLINAS BOULEVARD

  - **City:** IRVING

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 75039

  - **Telephone number:** 817-391-6100

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

- **a. Name of Series:** American Beacon Developing World Income Fund

- **b. EDGAR series identifier (if any):** S000044050

- **c. LEI of Series:** 5493006BLM91S7IS8616

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

- **a. Date of fiscal year-end:** 2026-01-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $942976239.59

**Total Liabilities:** $3338065.63

**Net Assets:** $939638173.96

**Delayed Delivery Securities:** $1451000.00

**Cash Not Reported:** $8405812.41

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -124.31000000 | **1-Year:** -2141.44000000 | **5-Year:** -1912.58000000 | **10-Year:** -10727.39000000 | **30-Year:** -2916.45000000

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

- **3-Month:** -3456.36000000 | **1-Year:** -41635.52000000 | **5-Year:** -90249.19000000 | **10-Year:** -88826.71000000 | **30-Year:** -35975.11000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000136714 | 3.03%                | 2.85%                | 1.67%                |
| Class ID C000136710 | 3.01%                | 2.83%                | 1.79%                |
| Class ID C000136712 | 3.03%                | 2.85%                | 1.67%                |
| Class ID C000136711 | 2.97%                | 2.78%                | 1.60%                |
| Class ID C000136713 | 3.01%                | 2.98%                | 1.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-904686.11              | $15698043.71                               |
| Month 2  | $318920.19               | $16008971.39                               |
| Month 3  | $-755002.72              | $5466717.14                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| KENYA INFRASTUCTURE BOND                          | Republic of Kenya Infrastructure Bonds                             | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     43467948 | PA      | $330310.66    | 0.04%             | 2026-10-12      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| ZAMBEZI BV                                        | Development Bank of Mongolia (Issuer Zambezi BV)                   | CUSIP: 000000000<br>LEI: 724500IN99XG3EVGLT10 | Long             | SN               | CORP              | NL        |  27500000000 | PA      | $8095221.51   | 0.86%             | 2027-05-12      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| Ivory Coast Government International Bonds        | Ivory Coast Government International Bonds                         | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      1943000 | PA      | $1914227.26   | 0.20%             | 2036-04-01      | Fixed         | 8.07%                 | Yes           |                  2 | On Loan: No      |
| Ivory Coast Government International Bonds        | Ivory Coast Government International Bonds                         | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      3999000 | PA      | $3953623.59   | 0.42%             | 2037-01-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY FIN LLC                            | Morgan Stanley Finance LLC                                         | CUSIP: 61774FLZ3<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |   6500000000 | PA      | $2475679.61   | 0.26%             | 2026-12-15      | Fixed         | 12.15%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                          | Citigroup Global Markets Holdings, Inc.                            | CUSIP: 173074SA4<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |   4161110637 | PA      | $2489696.18   | 0.26%             | 2025-12-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ICBC STANDARD BANK PLC                            | Republic of Zambia (Issuer ICBC Standard Bank PLC)                 | CUSIP: 85312EDT7<br>LEI: F01VVKN4DRF2NWKGQ283 | Long             | SN               | CORP              | GB        |     67522376 | PA      | $2802700.27   | 0.30%             | 2026-01-27      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds            | Ukraine Government International Bonds                             | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     11890966 | PA      | $6050451.10   | 0.64%             | 2035-02-01      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                             | Sri Lanka Government International Bonds                           | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      1799246 | PA      | $1471538.87   | 0.16%             | 2033-03-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds          | Sri Lanka Government International Bonds                           | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      2000000 | PA      | $1678000.00   | 0.18%             | 2036-05-15      | Variable      | 3.60%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                | Dominican Republic International Bonds                             | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    220000000 | PA      | $3444162.65   | 0.37%             | 2027-02-12      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                              | Republic of Uzbekistan International Bonds                         | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |  37000000000 | PA      | $2932503.57   | 0.31%             | 2028-02-25      | Fixed         | 15.50%                | Yes           |                  2 | On Loan: No      |
| TUNISIAN REPUBLIC                                 | Tunisian Republic                                                  | CUSIP: 000000000<br>LEI: 254900B5LFB16S9T2T11 | Long             | DBT              | NUSS              | TN        |      7580000 | PA      | $8560823.48   | 0.91%             | 2026-07-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ECOBANK TRANSNATIONAL                             | Ecobank Transnational, Inc.                                        | CUSIP: 27889PAB9<br>LEI: 213800USCE9Y111R4656 | Long             | DBT              | CORP              | TG        |       847000 | PA      | $848372.14    | 0.09%             | 2031-06-17      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| KAZAKH GOV BOND - MEUKAM                          | Kazakhstan Government Bonds                                        | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |   1160000000 | PA      | $1921717.21   | 0.20%             | 2027-03-06      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SRI LANKA GOVT BOND                               | Sri Lanka Government Bonds                                         | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    300000000 | PA      | $1035630.92   | 0.11%             | 2028-03-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                             | Sri Lanka Government International Bonds                           | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |       873485 | PA      | $827627.18    | 0.09%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                 | Lebanon Government International Bonds                             | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      9305000 | PA      | $1731325.52   | 0.18%             | 2037-03-23      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                          | Citigroup Global Markets Holdings, Inc.                            | CUSIP: 173074RX5<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |    310000000 | PA      | $5634762.20   | 0.60%             | 2026-01-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                               | Benin Government International Bonds                               | CUSIP: 000000000<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |      2925000 | PA      | $2832469.56   | 0.30%             | 2038-02-13      | Fixed         | 7.96%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                | Dominican Republic International Bonds                             | CUSIP: 25714PES3<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     54750000 | PA      | $1069876.36   | 0.11%             | 2033-02-03      | Fixed         | 13.62%                | No            |                  2 | On Loan: No      |
| Senegal Government International Bonds            | Senegal Government International Bonds                             | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |      6850000 | PA      | $4447785.08   | 0.47%             | 2048-03-13      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                           | JPMorgan Chase Bank NA                                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | SN               | CORP              | US        |    106000000 | PA      | $2204197.65   | 0.23%             | 2027-08-18      | Fixed         | 24.30%                | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                           | European Bank for Reconstruction & Development                     | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |       500000 | PA      | $572899.00    | 0.06%             | 2025-09-22      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| KAZAKH GOV BOND - MEOKAM                          | Kazakhstan Government Bonds                                        | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |   2260444000 | PA      | $4055994.68   | 0.43%             | 2027-11-18      | Fixed         | 15.35%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF CAMEROON                              | Republic of Cameroon International Bonds                           | CUSIP: 000000000<br>LEI: 54930021BO6NHYGBBV24 | Long             | DBT              | NUSS              | CM        |     12168000 | PA      | $11413962.79  | 1.21%             | 2031-07-31      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                              | Republic of Uzbekistan International Bonds                         | CUSIP: 91824PAD9<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        | 111860000000 | PA      | $8865671.62   | 0.94%             | 2028-02-25      | Fixed         | 15.50%                | No            |                  2 | On Loan: No      |
| AZULE ENERGY FINANCE PLC                          | Azule Energy Finance PLC                                           | CUSIP: 05501YAA6<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |       830000 | PA      | $836166.07    | 0.09%             | 2030-01-23      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| KENYA INFRASTUCTURE BOND                          | Republic of Kenya Infrastructure Bonds                             | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    300000000 | PA      | $2313421.70   | 0.25%             | 2033-01-10      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                           | European Bank for Reconstruction & Development                     | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |  29495000000 | PA      | $1128508.26   | 0.12%             | 2025-12-07      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                     | Purchased USD / Sold EUR                                           | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $103262.29    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KYRGYZ REP INTL BOND                              | Kyrgyz Republic International Bonds                                | CUSIP: 50158LAA6<br>LEI: N/A                  | Long             | DBT              | NUSS              | KG        |     18152000 | PA      | $18206719.93  | 1.94%             | 2030-06-03      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                          | Citigroup Global Markets Holdings, Inc.                            | CUSIP: 173074SR7<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |     50900000 | PA      | $2551336.19   | 0.27%             | 2029-06-11      | Fixed         | 22.00%                | No            |                  2 | On Loan: No      |
| HERITAGE PETROL CO LTD                            | Heritage Petroleum Co. Ltd.                                        | CUSIP: 42727GAA6<br>LEI: 25490055MYPABN06OA04 | Long             | DBT              | CORP              | TT        |      2624000 | PA      | $2700358.40   | 0.29%             | 2029-08-12      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Angola Government International Bonds             | Angola Government International Bonds                              | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     12465000 | PA      | $10094172.21  | 1.07%             | 2048-05-08      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND                            | Zambia Government Bonds                                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     26000000 | PA      | $1245040.36   | 0.13%             | 2035-03-17      | Fixed         | 21.48%                | No            |                  2 | On Loan: No      |
| GEORGIA T-BOND                                    | Georgia Treasury Bonds                                             | CUSIP: 000000000<br>LEI: 2138007T8RLEVDMLQ257 | Long             | DBT              | NUSS              | GE        |      5000000 | PA      | $1894635.16   | 0.20%             | 2028-01-18      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| KAZAKH GOV BOND - MEOKAM                          | Kazakhstan Government Bonds                                        | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |    500000000 | PA      | $873487.78    | 0.09%             | 2026-08-04      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds          | Sri Lanka Government International Bonds                           | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      1200000 | PA      | $1005860.88   | 0.11%             | 2038-02-15      | Variable      | 3.60%                 | Yes           |                  2 | On Loan: No      |
| INTL FINANCE CORP                                 | International Finance Corp.                                        | CUSIP: 000000000<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |      4100000 | PA      | $2359214.76   | 0.25%             | 2026-07-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                          | Citigroup Global Markets Holdings, Inc.                            | CUSIP: 173074PW9<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |    446700000 | PA      | $3653714.28   | 0.39%             | 2026-06-09      | Fixed         | 12.30%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                          | Citigroup Global Markets Holdings, Inc.                            | CUSIP: 173074TL9<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |   6369442550 | PA      | $3810996.18   | 0.41%             | 2025-12-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EGYPT GOVERNMENT BOND                             | Egypt Government Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      6500000 | PA      | $123353.33    | 0.01%             | 2026-04-06      | Fixed         | 14.48%                | No            |                  2 | On Loan: No      |
| Iraq International Bonds                          | Iraq International Bonds                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | IQ        |      8616250 | PA      | $8532331.26   | 0.91%             | 2028-01-15      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                              | Paraguay Government International Bonds                            | CUSIP: 699149BX7<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |   8231000000 | PA      | $1064590.29   | 0.11%             | 2035-03-04      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                             | Sri Lanka Government International Bonds                           | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      2106507 | PA      | $1767359.38   | 0.19%             | 2036-05-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds            | Ukraine Government International Bonds                             | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       767563 | PA      | $287083.45    | 0.03%             | 2034-02-01      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                             | Venezuela Government International Bonds                           | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |      8054300 | PA      | $1631801.18   | 0.17%             | 2031-08-05      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| KAZAKH GOV BOND - MEUKAM                          | Kazakhstan Government Bonds                                        | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |    165000000 | PA      | $261096.48    | 0.03%             | 2030-03-07      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| NIGERIA GOVERNMENT BOND                           | Nigeria Government Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    856000000 | PA      | $527829.31    | 0.06%             | 2026-01-22      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                          | Citigroup Global Markets Holdings, Inc.                            | CUSIP: 173074PJ8<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |   3217564055 | PA      | $2233998.38   | 0.24%             | 2031-02-25      | Fixed         | 18.50%                | No            |                  2 | On Loan: No      |
| ICBC STANDARD BANK PLC                            | Republic of Uzbekistan (Issuer ICBC Standard Bank PLC)             | CUSIP: 85312EEA7<br>LEI: F01VVKN4DRF2NWKGQ283 | Long             | SN               | CORP              | GB        |  13125000000 | PA      | $1018487.81   | 0.11%             | 2029-01-23      | Fixed         | 16.00%                | No            |                  2 | On Loan: No      |
| TAJIKISTAN INT BOND                               | Republic of Tajikistan International Bonds                         | CUSIP: 000000000<br>LEI: 529900W1LSYUF3CYVU10 | Long             | DBT              | NUSS              | TJ        |      3755833 | PA      | $3704322.38   | 0.39%             | 2027-09-14      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND                            | Zambia Government Bonds                                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |      9000000 | PA      | $301982.22    | 0.03%             | 2033-06-26      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| KAZAKH GOV BOND - MEUKAM                          | Kazakhstan Government Bonds                                        | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |    924000000 | PA      | $1381719.40   | 0.15%             | 2027-09-18      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SENEGAL                               | Senegal Government International Bonds                             | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |      2600000 | PA      | $2123488.30   | 0.23%             | 2031-06-10      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                          | Citigroup Global Markets Holdings, Inc.                            | CUSIP: 173074SD8<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |   2852460000 | PA      | $1639370.00   | 0.17%             | 2026-02-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GHANA GOVERNMENT BOND                             | Republic of Ghana Government Bonds                                 | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     47576000 | PA      | $4430327.69   | 0.47%             | 2026-11-02      | Fixed         | 19.00%                | No            |                  2 | On Loan: No      |
| SAGICOR FINANCIAL CO                              | Sagicor Financial Co. Ltd.                                         | CUSIP: 78669QAA8<br>LEI: 984500P7FADAA3A50B04 | Long             | DBT              | CORP              | BM        |      3063000 | PA      | $3049614.69   | 0.32%             | 2028-05-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| TUGELA BV                                         | Republic of Malawi (Issuer Tugela BV)                              | CUSIP: 000000000<br>LEI: 7245006XUFKX4KNGKS70 | Long             | SN               | CORP              | NL        |       800000 | PA      | $464480.00    | 0.05%             | 2027-06-02      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| Republic of Kenya Government International Bonds  | Republic of Kenya Government International Bonds                   | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |      3500000 | PA      | $3363864.14   | 0.36%             | 2036-03-05      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| SRI LANKA GOVT BOND                               | Sri Lanka Government Bonds                                         | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |   1195000000 | PA      | $4147566.68   | 0.44%             | 2030-05-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                 | Republic of Kenya Government International Bonds                   | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |      1148000 | PA      | $943851.03    | 0.10%             | 2034-01-23      | Fixed         | 6.30%                 | Yes           |                  2 | On Loan: No      |
| IVORY COAST                                       | Ivory Coast Government International Bonds                         | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      4591000 | PA      | $4837375.26   | 0.51%             | 2032-01-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| GHANA GOVERNMENT BOND                             | Republic of Ghana Government Bonds                                 | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     28000000 | PA      | $2238356.40   | 0.24%             | 2028-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                          | Citigroup Global Markets Holdings, Inc.                            | CUSIP: 173074TA3<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |     53000000 | PA      | $1804860.50   | 0.19%             | 2033-08-23      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| Republic of Kenya Government International Bonds  | Republic of Kenya Government International Bonds                   | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |      4371000 | PA      | $4486124.53   | 0.48%             | 2031-02-16      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| KAZAKH GOV BOND - MEOKAM                          | Kazakhstan Government Bonds                                        | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |    500000000 | PA      | $899693.69    | 0.10%             | 2026-01-21      | Fixed         | 10.67%                | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds            | Ukraine Government International Bonds                             | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      6014145 | PA      | $2785660.91   | 0.30%             | 2035-02-01      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| NEDER FINANCIERINGS-MAAT                          | Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV | CUSIP: 000000000<br>LEI: XTC5E2QFTEF0435JWL77 | Long             | DBT              | NUSS              | NL        |      1600000 | PA      | $1945593.60   | 0.21%             | 2027-01-21      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                          | First Quantum Minerals Ltd.                                        | CUSIP: 000000000<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |       355000 | PA      | $355596.40    | 0.04%             | 2027-10-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| TUGELA BV                                         | Republic of Malawi (Issuer Tugela BV)                              | CUSIP: 000000000<br>LEI: 7245006XUFKX4KNGKS70 | Long             | SN               | CORP              | NL        |      1000000 | PA      | $1035100.00   | 0.11%             | 2026-08-19      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF COTE D'IVOIR                          | Republic of Cote d'Ivoire                                          | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |   2500000000 | PA      | $4312755.52   | 0.46%             | 2028-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| KAZAKH GOV BOND - MEUKAM                          | Kazakhstan Government Bonds                                        | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |   2574580000 | PA      | $4179440.08   | 0.44%             | 2027-07-03      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                             | Venezuela Government International Bonds                           | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |      4481500 | PA      | $975174.40    | 0.10%             | 2026-10-21      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| UGANDA GOVERNMENT BOND                            | Republic of Uganda Government Bonds                                | CUSIP: 000000000<br>LEI: 549300NF1DEFHG8XLQ11 | Long             | DBT              | NUSS              | UG        |  10878000000 | PA      | $2738673.62   | 0.29%             | 2033-02-03      | Fixed         | 14.38%                | No            |                  2 | On Loan: No      |
| UGANDA GOVERNMENT BOND                            | Republic of Uganda Government Bonds                                | CUSIP: 000000000<br>LEI: 549300NF1DEFHG8XLQ11 | Long             | DBT              | NUSS              | UG        |  17173000000 | PA      | $4080306.57   | 0.43%             | 2043-06-18      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds            | Nigeria Government International Bonds                             | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      1926000 | PA      | $1873120.78   | 0.20%             | 2028-09-28      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| The Federal Republic of Nigeria                   | Nigeria OMO Bills                                                  | CUSIP: 000000000<br>LEI: 549300G1JG004Y3K8S97 | Long             | DBT              | NUSS              | NG        |   7150000000 | PA      | $4464974.87   | 0.48%             | 2025-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND                            | Zambia Government Bonds                                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     12000000 | PA      | $514204.72    | 0.05%             | 2026-06-17      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                          | Citigroup Global Markets Holdings, Inc.                            | CUSIP: 173074PD1<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |   2001874002 | PA      | $1389928.28   | 0.15%             | 2031-02-25      | Fixed         | 18.50%                | No            |                  2 | On Loan: No      |
| AXIAN TELE HOLD PLC                               | Axian Telecom Holding & Management PLC                             | CUSIP: 05465QAA7<br>LEI: 984500B7DCD97EB04857 | Long             | DBT              | CORP              | AE        |      2422000 | PA      | $2425909.11   | 0.26%             | 2030-07-11      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| KAZAKH GOV BOND - MEUKAM                          | Kazakhstan Government Bonds                                        | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |    800000000 | PA      | $848048.64    | 0.09%             | 2032-04-24      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| The Federal Republic of Nigeria                   | Nigeria OMO Bills                                                  | CUSIP: 000000000<br>LEI: 549300G1JG004Y3K8S97 | Long             | DBT              | NUSS              | NG        |   2400000000 | PA      | $1413612.70   | 0.15%             | 2025-12-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UGANDA GOVERNMENT BOND                            | Republic of Uganda Government Bonds                                | CUSIP: 000000000<br>LEI: 549300NF1DEFHG8XLQ11 | Long             | DBT              | NUSS              | UG        |   6400000000 | PA      | $1833560.48   | 0.20%             | 2025-12-18      | Fixed         | 19.50%                | No            |                  2 | On Loan: No      |
| The Federal Republic of Nigeria                   | Nigeria OMO Bills                                                  | CUSIP: 000000000<br>LEI: 549300G1JG004Y3K8S97 | Long             | DBT              | NUSS              | NG        |   1883827000 | PA      | $1087455.61   | 0.12%             | 2026-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds            | Nigeria Government International Bonds                             | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      1552000 | PA      | $1508443.45   | 0.16%             | 2032-02-16      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ICBC STANDARD BANK PLC                            | Republic of Mozambique (Issuer ICBC Standard Bank PLC)             | CUSIP: 85312EEK5<br>LEI: F01VVKN4DRF2NWKGQ283 | Long             | SN               | CORP              | GB        |    199521000 | PA      | $3422875.56   | 0.36%             | 2030-03-14      | Fixed         | 14.25%                | Yes           |                  2 | On Loan: No      |
| TUGELA BV                                         | Republic of Malawi (Issuer Tugela BV)                              | CUSIP: 000000000<br>LEI: 7245006XUFKX4KNGKS70 | Long             | SN               | CORP              | NL        |       500000 | PA      | $270600.00    | 0.03%             | 2027-08-20      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| KAZAKH GOV BOND - MEUKAM                          | Kazakhstan Government Bonds                                        | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |    300000000 | PA      | $471307.94    | 0.05%             | 2028-10-27      | Fixed         | 10.47%                | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                 | Lebanon Government International Bonds                             | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     27552000 | PA      | $5124672.00   | 0.55%             | 2033-05-17      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND                            | Zambia Government Bonds                                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     24795000 | PA      | $1019046.74   | 0.11%             | 2027-12-18      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| ICBC STANDARD BANK PLC                            | Republic of Mozambique (Issuer ICBC Standard Bank PLC)             | CUSIP: 85312EE33<br>LEI: F01VVKN4DRF2NWKGQ283 | Long             | SN               | CORP              | GB        |    130000000 | PA      | $2053208.67   | 0.22%             | 2029-01-15      | Fixed         | 18.00%                | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                          | Uruguay Government International Bonds                             | CUSIP: 917288BL5<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    392751686 | PA      | $10455455.60  | 1.11%             | 2040-07-02      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                 | Ghana Government International Bonds                               | CUSIP: 374422AL7<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |       380704 | PA      | $364735.99    | 0.04%             | 2026-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                           | Pakistan Government International Bonds                            | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |      2824000 | PA      | $2639306.25   | 0.28%             | 2031-04-08      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| GHANA GOVERNMENT BOND                             | Republic of Ghana Government Bonds                                 | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      6000000 | PA      | $396909.73    | 0.04%             | 2033-02-08      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND                            | Zambia Government Bonds                                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     30000000 | PA      | $1181395.80   | 0.13%             | 2028-12-17      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| IVORY COAST                                       | Ivory Coast Government International Bonds                         | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      8781000 | PA      | $8112640.87   | 0.86%             | 2048-03-22      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD                                 | Kosmos Energy Ltd.                                                 | CUSIP: 500688AD8<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |      3244000 | PA      | $2785087.86   | 0.30%             | 2028-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| The Federal Republic of Nigeria                   | Nigeria OMO Bills                                                  | CUSIP: 000000000<br>LEI: 549300G1JG004Y3K8S97 | Long             | DBT              | NUSS              | NG        |   2000000000 | PA      | $1077116.31   | 0.11%             | 2026-06-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                            | Asian Development Bank                                             | CUSIP: 000000000<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |   7000000000 | PA      | $1931561.16   | 0.21%             | 2030-04-12      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                             | Sri Lanka Government International Bonds                           | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      2879527 | PA      | $2040738.46   | 0.22%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| TUGELA BV                                         | Republic of Kyrgyzstan (Issuer Tugela BV)                          | CUSIP: 000000000<br>LEI: 7245006XUFKX4KNGKS70 | Long             | SN               | CORP              | NL        |     95000000 | PA      | $1094048.03   | 0.12%             | 2028-02-07      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| GHANA GOVERNMENT BOND                             | Republic of Ghana Government Bonds                                 | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     19750000 | PA      | $1699286.13   | 0.18%             | 2027-01-18      | Fixed         | 19.25%                | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                | Dominican Republic International Bonds                             | CUSIP: 25714WBR3<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    249000000 | PA      | $4468710.83   | 0.48%             | 2029-09-23      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| Angola Government International Bonds             | Angola Government International Bonds                              | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      3530000 | PA      | $3418324.50   | 0.36%             | 2028-05-09      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| ICBC STANDARD BANK PLC                            | Federal Republic of Nigeria (Issuer ICBC Standard Bank PLC)        | CUSIP: 85312EEG4<br>LEI: F01VVKN4DRF2NWKGQ283 | Long             | SN               | CORP              | GB        |   4424651000 | PA      | $2672746.74   | 0.28%             | 2025-11-06      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| KAZAKH GOV BOND - MEUKAM                          | Kazakhstan Government Bonds                                        | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |    400000000 | PA      | $534488.04    | 0.06%             | 2034-02-17      | Fixed         | 10.12%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                          | Citigroup Global Markets Holdings, Inc.                            | CUSIP: 173074QN8<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |     90000000 | PA      | $731982.86    | 0.08%             | 2025-09-09      | Fixed         | 8.69%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                | Dominican Republic International Bonds                             | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |      8850000 | PA      | $145053.37    | 0.02%             | 2026-06-05      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                | Dominican Republic International Bonds                             | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     29900000 | PA      | $532160.69    | 0.06%             | 2035-09-15      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds | Argentina Republic Government International Bonds                  | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     14914233 | PA      | $12110357.03  | 1.29%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                             | Venezuela Government International Bonds                           | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |      2256000 | PA      | $406305.60    | 0.04%             | 2025-04-21      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                            | Purchased EGP / Sold USD                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | EG        |            1 | NC      | $27513.28     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEDER FINANCIERINGS-MAAT                          | Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV | CUSIP: 000000000<br>LEI: XTC5E2QFTEF0435JWL77 | Long             | DBT              | NUSS              | NL        |      2600000 | PA      | $3189986.80   | 0.34%             | 2026-12-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| ICBC STANDARD BANK PLC                            | Federal Republic of Nigeria (Issuer ICBC Standard Bank PLC)        | CUSIP: 85312EEH2<br>LEI: F01VVKN4DRF2NWKGQ283 | Long             | SN               | CORP              | GB        |   9471580000 | PA      | $5382621.79   | 0.57%             | 2026-02-05      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Nigeria Government International Bonds            | Nigeria Government International Bonds                             | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      1675000 | PA      | $1430822.70   | 0.15%             | 2051-09-28      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| TUGELA BV                                         | Republic of Malawi (Issuer Tugela BV)                              | CUSIP: 000000000<br>LEI: 7245006XUFKX4KNGKS70 | Long             | SN               | CORP              | NL        |      1000000 | PA      | $1048500.00   | 0.11%             | 2026-09-17      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| NEDER FINANCIERINGS-MAAT                          | Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV | CUSIP: 000000000<br>LEI: XTC5E2QFTEF0435JWL77 | Long             | DBT              | NUSS              | NL        |       600000 | PA      | $722492.40    | 0.08%             | 2026-08-21      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| Ukraine Government International Bonds            | Ukraine Government International Bonds                             | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       462847 | PA      | $228400.77    | 0.02%             | 2036-02-01      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| DIG INTL FIN/DIFL US LLC                          | Digicel International Finance Ltd./Difl U.S. LLC                   | CUSIP: 25381MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      1451000 | PA      | $1466667.90   | 0.16%             | 2032-08-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                           | JPMorgan Chase Bank NA                                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | SN               | CORP              | US        |     80500000 | PA      | $1650109.12   | 0.18%             | 2028-01-11      | Fixed         | 22.58%                | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds              | Egypt Government International Bonds                               | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      1769000 | PA      | $1578134.74   | 0.17%             | 2033-09-30      | Fixed         | 7.30%                 | Yes           |                  2 | On Loan: No      |
| TUGELA BV                                         | Republic of Malawi (Issuer Tugela BV)                              | CUSIP: 000000000<br>LEI: 7245006XUFKX4KNGKS70 | Long             | SN               | CORP              | NL        |       989120 | PA      | $1037092.32   | 0.11%             | 2026-09-17      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| Zambezi BV                                        | Republic of Kyrgyzstan (Issuer Zambezi BV)                         | CUSIP: 000000000<br>LEI: 724500IN99XG3EVGLT10 | Long             | SN               | CORP              | NL        |    180000000 | PA      | $1972281.30   | 0.21%             | 2028-04-13      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Ecuador Government International Bonds            | Ecuador Government International Bonds                             | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     10991778 | PA      | $8205362.28   | 0.87%             | 2035-07-31      | Fixed         | 6.90%                 | Yes           |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND                            | Zambia Government Bonds                                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     64500000 | PA      | $2764626.54   | 0.29%             | 2026-08-29      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| TUNISIAN REPUBLIC                                 | Tunisian Republic                                                  | CUSIP: 000000000<br>LEI: 254900B5LFB16S9T2T11 | Long             | DBT              | NUSS              | TN        |       100000 | PA      | $112939.63    | 0.01%             | 2026-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| UZBEKNEFTEGAZ JSC                                 | Uzbekneftegaz JSC                                                  | CUSIP: 91825MAB9<br>LEI: 213800LUZJZFLJD4MJ51 | Long             | DBT              | NUSS              | UZ        |       211000 | PA      | $197286.22    | 0.02%             | 2028-11-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bonds            | Ecuador Government International Bonds                             | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      8971900 | PA      | $5611923.45   | 0.60%             | 2040-07-31      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                           | JPMorgan Chase Bank NA                                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | SN               | CORP              | US        |    190000000 | PA      | $3450473.54   | 0.37%             | 2026-01-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF MOZAMBIQUE                            | Mozambique International Bonds                                     | CUSIP: 000000000<br>LEI: 213800759WLKYIKPER73 | Long             | DBT              | NUSS              | MZ        |     16550000 | PA      | $14427227.82  | 1.54%             | 2031-09-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| ICBC STANDARD BANK PLC                            | Republic of Mozambique (Issuer ICBC Standard Bank PLC)             | CUSIP: 000000000<br>LEI: F01VVKN4DRF2NWKGQ283 | Long             | SN               | CORP              | GB        |     46752000 | PA      | $810158.28    | 0.09%             | 2027-02-11      | Variable      | 14.50%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                             | Venezuela Government International Bonds                           | CUSIP: 922646AS3<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |      3700000 | PA      | $805120.00    | 0.09%             | 2027-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Beacon U.S. Government Money Market      | American Beacon U.S. Government Money Market                       | CUSIP: 02368W200<br>LEI: 549300EXCES9V5RWB620 | Long             | STIV             | RF                | US        |     81159533 | NS      | $81159532.63  | 8.64%             |  |  |  | No            |                  1 | On Loan: No      |
| UGANDA GOVERNMENT BOND                            | Republic of Uganda Government Bonds                                | CUSIP: 000000000<br>LEI: 549300NF1DEFHG8XLQ11 | Long             | DBT              | NUSS              | UG        |   2500000000 | PA      | $704691.27    | 0.07%             | 2027-05-06      | Fixed         | 16.00%                | No            |                  2 | On Loan: No      |
| KAZAKH GOV BOND - MEUKAM                          | Kazakhstan Government Bonds                                        | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |   1176866000 | PA      | $2088067.18   | 0.22%             | 2029-03-03      | Fixed         | 15.30%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                | Angola Government International Bonds                              | CUSIP: 035198AD2<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      6463000 | PA      | $6024517.38   | 0.64%             | 2029-11-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                               | Egypt Treasury Bills                                               | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    146175000 | PA      | $2408832.78   | 0.26%             | 2026-07-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                          | Citigroup Global Markets Holdings, Inc.                            | CUSIP: 173074QP3<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |     76000000 | PA      | $620160.00    | 0.07%             | 2026-04-08      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| El Salvador Government International Bonds        | El Salvador Government International Bonds                         | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     11823000 | PA      | $9641656.50   | 1.03%             | 2050-01-20      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| KAZAKH GOV BOND - MEUKAM                          | Kazakhstan Government Bonds                                        | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |    224390000 | PA      | $310869.55    | 0.03%             | 2029-08-13      | Fixed         | 7.68%                 | No            |                  2 | On Loan: No      |
| GHANA GOVERNMENT BOND                             | Republic of Ghana Government Bonds                                 | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      4000000 | PA      | $308156.36    | 0.03%             | 2028-08-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| SRI LANKA GOVT BOND                               | Sri Lanka Government Bonds                                         | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    661000000 | PA      | $2191023.67   | 0.23%             | 2028-05-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Pakistan Government International Bonds           | Pakistan Government International Bonds                            | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |      5475000 | PA      | $5366558.97   | 0.57%             | 2027-12-05      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                               | Ecuador Government International Bonds                             | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      1149545 | PA      | $1008150.97   | 0.11%             | 2030-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| KENYA INFRASTUCTURE BOND                          | Republic of Kenya Infrastructure Bonds                             | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    300000000 | PA      | $2506280.25   | 0.27%             | 2040-02-20      | Fixed         | 14.40%                | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                                 | International Finance Corp.                                        | CUSIP: 000000000<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |   3100000000 | PA      | $250749.27    | 0.03%             | 2027-02-05      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| FIRST BNK NIGERIA (FBN F                          | First Bank of Nigeria Ltd. Via FBN Finance Co. BV                  | CUSIP: 302406AC7<br>LEI: 213800WYQV2Q3TA9J649 | Long             | DBT              | CORP              | NL        |      1029000 | PA      | $1029000.00   | 0.11%             | 2025-10-27      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                | Dominican Republic International Bonds                             | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    182500000 | PA      | $2997807.52   | 0.32%             | 2025-08-08      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds | Argentina Republic Government International Bonds                  | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     20762784 | PA      | $13703437.44  | 1.46%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| ICBC STANDARD BANK PLC                            | Azerbaijan Treasury Bonds (Issuer ICBC Standard Bank PLC)          | CUSIP: 85312EE25<br>LEI: F01VVKN4DRF2NWKGQ283 | Long             | SN               | CORP              | GB        |      5000000 | PA      | $2808852.94   | 0.30%             | 2028-05-11      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bonds            | Ecuador Government International Bonds                             | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      4232656 | PA      | $3712039.31   | 0.40%             | 2030-07-31      | Fixed         | 6.90%                 | Yes           |                  2 | On Loan: No      |
| Egypt Government International Bonds              | Egypt Government International Bonds                               | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     12311000 | PA      | $10267392.10  | 1.09%             | 2050-05-29      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                 | Ghana Government International Bonds                               | CUSIP: 374422AM5<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      9061248 | PA      | $8610325.78   | 0.92%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                              | Republic of Uzbekistan International Bonds                         | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |  76570000000 | PA      | $6139067.30   | 0.65%             | 2026-10-12      | Fixed         | 16.25%                | Yes           |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                              | Republic of Uzbekistan International Bonds                         | CUSIP: 91822QVW4<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |  62860000000 | PA      | $5039855.95   | 0.54%             | 2026-10-12      | Fixed         | 16.25%                | No            |                  2 | On Loan: No      |
| TUGELA BV                                         | Republic of Malawi (Issuer Tugela BV)                              | CUSIP: 000000000<br>LEI: 7245006XUFKX4KNGKS70 | Long             | SN               | CORP              | NL        |       700000 | PA      | $284620.00    | 0.03%             | 2027-06-18      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds | Argentina Republic Government International Bonds                  | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |       550160 | PA      | $425488.24    | 0.05%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| ACCESS BANK PLC                                   | Access Bank PLC                                                    | CUSIP: 00434G2B5<br>LEI: 029200328C3N9YI2D660 | Long             | DBT              | CORP              | NG        |      1207000 | PA      | $1202966.94   | 0.13%             | 2026-09-21      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BARBADOS GOVT OF                                  | Barbados Government International Bonds                            | CUSIP: 067070AK8<br>LEI: 529900UD1KUUS4SFD905 | Long             | DBT              | NUSS              | BB        |      3704000 | PA      | $3693369.52   | 0.39%             | 2035-06-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                | Dominican Republic International Bonds                             | CUSIP: 25714PEW4<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    172000000 | PA      | $3061258.80   | 0.33%             | 2035-09-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| AURORA AUSTRALIS BV                               | Republic of Kyrgyzstan (Issuer Aurora Australis BV)                | CUSIP: 000000000<br>LEI: 724500PTLCPQVL0B8284 | Long             | SN               | CORP              | NL        |     55000000 | PA      | $456352.20    | 0.05%             | 2032-03-19      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                               | Egypt Treasury Bills                                               | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    125050000 | PA      | $2126827.38   | 0.23%             | 2026-05-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UGANDA GOVERNMENT BOND                            | Republic of Uganda Government Bonds                                | CUSIP: 000000000<br>LEI: 549300NF1DEFHG8XLQ11 | Long             | DBT              | NUSS              | UG        |   6940000000 | PA      | $1908734.28   | 0.20%             | 2030-11-14      | Fixed         | 16.00%                | No            |                  2 | On Loan: No      |
| TUGELA BV                                         | Republic of Kyrgyzstan (Issuer Tugela BV)                          | CUSIP: 000000000<br>LEI: 7245006XUFKX4KNGKS70 | Long             | SN               | CORP              | NL        |    120500000 | PA      | $1383028.59   | 0.15%             | 2025-09-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KENYA INFRASTUCTURE BOND                          | Republic of Kenya Infrastructure Bonds                             | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     69000000 | PA      | $550425.68    | 0.06%             | 2036-10-27      | Fixed         | 13.94%                | No            |                  2 | On Loan: No      |
| UGANDA GOVERNMENT BOND                            | Republic of Uganda Government Bonds                                | CUSIP: 000000000<br>LEI: 549300NF1DEFHG8XLQ11 | Long             | DBT              | NUSS              | UG        |   3460000000 | PA      | $982730.61    | 0.10%             | 2031-04-03      | Fixed         | 17.00%                | No            |                  2 | On Loan: No      |
| BONO TESORO CAPITALIZAB                           | Bono Del Tesoro Nacional Capitalizable en Pesos                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |   2480000000 | PA      | $1922174.90   | 0.20%             | 2027-01-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC                          | Navoi Mining & Metallurgical Combinat                              | CUSIP: 63890CAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |      1008000 | PA      | $1040061.46   | 0.11%             | 2031-10-17      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| UGANDA GOVERNMENT BOND                            | Republic of Uganda Government Bonds                                | CUSIP: 000000000<br>LEI: 549300NF1DEFHG8XLQ11 | Long             | DBT              | NUSS              | UG        |   3836900000 | PA      | $1061642.62   | 0.11%             | 2032-03-04      | Fixed         | 16.38%                | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND                            | Zambia Government Bonds                                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |    114100000 | PA      | $4940507.06   | 0.53%             | 2026-01-25      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| VIET NAM DEBT AND ASSET                           | Viet Nam Debt & Asset Trading Corp.                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | VN        |      1667000 | PA      | $1634261.69   | 0.17%             | 2025-10-10      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| DOM REP CB NOTES                                  | Dominican Republic Central Bank Notes                              | CUSIP: 000000000<br>LEI: 549300DTVR57NON7XL66 | Long             | DBT              | NUSS              | DO        |    105000000 | PA      | $1717860.29   | 0.18%             | 2025-12-05      | Fixed         | 13.00%                | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF RWANDA                                | Rwanda International Government Bonds                              | CUSIP: 000000000<br>LEI: 213800DQC28OBRZDYJ87 | Long             | DBT              | NUSS              | RW        |      2790000 | PA      | $2425179.27   | 0.26%             | 2031-08-09      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                           | European Bank for Reconstruction & Development                     | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |      1000000 | PA      | $1203144.00   | 0.13%             | 2027-02-18      | Fixed         | 11.85%                | Yes           |                  2 | On Loan: No      |
| TUGELA BV                                         | Democratic Republic of Congo (Issuer Tugela BV)                    | CUSIP: 000000000<br>LEI: 7245006XUFKX4KNGKS70 | Long             | SN               | CORP              | NL        |      2166667 | PA      | $2197216.67   | 0.23%             | 2027-12-14      | Floating      | 11.22%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                 | Ghana Government International Bonds                               | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      9054703 | PA      | $7271125.08   | 0.77%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| EGYPT GOVERNMENT BOND                             | Egypt Government Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    345470000 | PA      | $7018986.97   | 0.75%             | 2027-12-03      | Fixed         | 24.14%                | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND                            | Zambia Government Bonds                                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     42800000 | PA      | $1683919.34   | 0.18%             | 2028-05-31      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| TUGELA BV                                         | Republic of Paraguay (Issuer Tugela BV)                            | CUSIP: 000000000<br>LEI: 7245006XUFKX4KNGKS70 | Long             | SN               | CORP              | NL        |  13700000000 | PA      | $1848859.81   | 0.20%             | 2031-02-14      | Fixed         | 9.85%                 | No            |                  2 | On Loan: No      |
| ZAMBEZI BV                                        | Republic of Cote d'Ivoire (Issuer Zambezi BV)                      | CUSIP: 000000000<br>LEI: 724500IN99XG3EVGLT10 | Long             | SN               | CORP              | NL        |   1333333334 | PA      | $2320360.06   | 0.25%             | 2026-08-02      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                          | Citigroup Global Markets Holdings, Inc.                            | CUSIP: 173074SZ9<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |     65000000 | PA      | $3141529.92   | 0.33%             | 2029-11-27      | Fixed         | 20.74%                | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds            | Nigeria Government International Bonds                             | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      3454000 | PA      | $3545285.18   | 0.38%             | 2029-03-24      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| El Salvador Government International Bonds        | El Salvador Government International Bonds                         | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |      2600000 | PA      | $2626000.00   | 0.28%             | 2052-07-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Zambia Government International Bonds             | Zambia Government International Bonds                              | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     12118626 | PA      | $11278253.46  | 1.20%             | 2033-06-30      | Variable      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                               | Ecuador Government International Bonds                             | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      2950930 | PA      | $2202869.25   | 0.23%             | 2035-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| ICBC STANDARD BANK PLC                            | Republic of Mozambique (Issuer ICBC Standard Bank PLC)             | CUSIP: 85312EDZ3<br>LEI: F01VVKN4DRF2NWKGQ283 | Long             | SN               | CORP              | GB        |     51000000 | PA      | $795170.64    | 0.08%             | 2028-05-12      | Fixed         | 19.00%                | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                     | Purchased USD / Sold EUR                                           | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $78976.72     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                           | JPMorgan Chase Bank NA                                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | SN               | CORP              | US        |     80000000 | PA      | $1639860.00   | 0.17%             | 2028-01-11      | Fixed         | 22.58%                | No            |                  2 | On Loan: No      |
| Pakistan Government International Bonds           | Pakistan Government International Bonds                            | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |      8235000 | PA      | $7696418.90   | 0.82%             | 2031-04-08      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                              | Paraguay Government International Bonds                            | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |  26400000000 | PA      | $3374973.81   | 0.36%             | 2031-02-09      | Fixed         | 7.90%                 | Yes           |                  2 | On Loan: No      |
| Angola Government International Bonds             | Angola Government International Bonds                              | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      2500000 | PA      | $2271279.13   | 0.24%             | 2032-04-14      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| UGANDA GOVERNMENT BOND                            | Republic of Uganda Government Bonds                                | CUSIP: 000000000<br>LEI: 549300NF1DEFHG8XLQ11 | Long             | DBT              | NUSS              | UG        |  10100000000 | PA      | $2716306.90   | 0.29%             | 2035-11-08      | Fixed         | 16.25%                | No            |                  2 | On Loan: No      |
| GHANA GOVERNMENT BOND                             | Republic of Ghana Government Bonds                                 | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     20000000 | PA      | $1268881.22   | 0.14%             | 2036-02-05      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| KENYA INFRASTUCTURE BOND                          | Republic of Kenya Infrastructure Bonds                             | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |   2244400000 | PA      | $20785780.12  | 2.21%             | 2032-08-09      | Fixed         | 18.46%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF SENEGAL                               | Senegal Government International Bonds                             | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |      9100000 | PA      | $6900823.80   | 0.73%             | 2037-06-08      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| VEON MIDCO BV                                     | Veon Midco BV                                                      | CUSIP: 000000000<br>LEI: 213800GOFSH7EPKBRE50 | Long             | DBT              | CORP              | NL        |      1532000 | PA      | $1570674.56   | 0.17%             | 2029-07-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                          | First Quantum Minerals Ltd.                                        | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |       234000 | PA      | $241557.97    | 0.03%             | 2033-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                 | Ghana Government International Bonds                               | CUSIP: 374422AN3<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |       960280 | PA      | $799729.52    | 0.09%             | 2030-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GHANA GOVERNMENT BOND                             | Republic of Ghana Government Bonds                                 | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     11100000 | PA      | $752251.80    | 0.08%             | 2032-02-10      | Fixed         | 9.10%                 | No            |                  2 | On Loan: No      |
| PAKISTAN INVESTMENT BOND                          | Pakistan Investment Bonds                                          | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |   1762000000 | PA      | $6774612.49   | 0.72%             | 2029-09-20      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| KAZAKH GOV BOND - MEUKAM                          | Kazakhstan Government Bonds                                        | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |    970000000 | PA      | $1554884.39   | 0.17%             | 2028-04-12      | Fixed         | 10.40%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                           | El Salvador Government International Bonds                         | CUSIP: 283875CG5<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |      9657000 | PA      | $9946710.00   | 1.06%             | 2054-11-21      | Fixed         | 9.65%                 | No            |                  2 | On Loan: No      |
| KENYA INFRASTUCTURE BOND                          | Republic of Kenya Infrastructure Bonds                             | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     12250000 | PA      | $90719.83     | 0.01%             | 2029-04-02      | Fixed         | 10.85%                | No            |                  2 | On Loan: No      |
| EGYPT GOVERNMENT BOND                             | Egypt Government Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    182654000 | PA      | $3736833.91   | 0.40%             | 2027-10-01      | Fixed         | 24.46%                | No            |                  2 | On Loan: No      |
| ARMENIAN TREASURY BONDS                           | Republic of Armenia Treasury Bonds                                 | CUSIP: 000000000<br>LEI: 5299000H77JSW90G7935 | Long             | DBT              | NUSS              | AM        |    325000000 | PA      | $849984.58    | 0.09%             | 2026-04-29      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| UGANDA GOVERNMENT BOND                            | Republic of Uganda Government Bonds                                | CUSIP: 000000000<br>LEI: 549300NF1DEFHG8XLQ11 | Long             | DBT              | NUSS              | UG        |  51741800000 | PA      | $12700982.58  | 1.35%             | 2034-06-22      | Fixed         | 14.25%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF SURINAME INT                          | Suriname Government International Bonds                            | CUSIP: 000000000<br>LEI: 254900SYU4G5JM13TN77 | Long             | DBT              | NUSS              | SR        |     11429900 | PA      | $11344175.75  | 1.21%             | 2033-07-15      | Fixed         | 7.95%                 | Yes           |                  2 | On Loan: No      |
| ICBC STANDARD BANK PLC                            | Republic of Mozambique (Issuer ICBC Standard Bank PLC)             | CUSIP: 000000000<br>LEI: F01VVKN4DRF2NWKGQ283 | Long             | SN               | CORP              | GB        |     40000000 | PA      | $631349.66    | 0.07%             | 2025-11-13      | Fixed         | 14.50%                | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                               | Benin Government International Bonds                               | CUSIP: 08205QAC2<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |      2480000 | PA      | $2444988.82   | 0.26%             | 2041-01-23      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                           | JPMorgan Chase Bank NA                                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | DBT              | CORP              | US        |  13500000000 | PA      | $1094923.11   | 0.12%             | 2026-10-23      | Fixed         | 16.25%                | No            |                  2 | On Loan: No      |
| TUGELA BV                                         | Republic of Malawi (Issuer Tugela BV)                              | CUSIP: 000000000<br>LEI: 7245006XUFKX4KNGKS70 | Long             | SN               | CORP              | NL        |      2700000 | PA      | $1293840.00   | 0.14%             | 2026-08-15      | Fixed         | 18.50%                | No            |                  2 | On Loan: No      |
| GHANA GOVERNMENT BOND                             | Republic of Ghana Government Bonds                                 | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     10400000 | PA      | $725566.51    | 0.08%             | 2031-02-11      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                                 | International Finance Corp.                                        | CUSIP: 000000000<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |  18000000000 | PA      | $1497459.11   | 0.16%             | 2028-07-19      | Fixed         | 17.50%                | No            |                  2 | On Loan: No      |
| TUGELA BV                                         | Republic of Malawi (Issuer Tugela BV)                              | CUSIP: 000000000<br>LEI: 7245006XUFKX4KNGKS70 | Long             | SN               | CORP              | NL        |       825000 | PA      | $894217.50    | 0.10%             | 2025-12-19      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                               | Ecuador Government International Bonds                             | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      1625550 | PA      | $1016781.53   | 0.11%             | 2040-07-31      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED BANK FOR AFRICA P                          | United Bank for Africa PLC                                         | CUSIP: 91339U2A1<br>LEI: 0292002067E3RH4D8768 | Long             | DBT              | CORP              | NG        |      1984000 | PA      | $1969120.00   | 0.21%             | 2026-11-19      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                               | Benin Government International Bonds                               | CUSIP: 000000000<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |      2075000 | PA      | $2045706.37   | 0.22%             | 2041-01-23      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| ICBC STANDARD BANK PLC                            | Republic of Mozambique (Issuer ICBC Standard Bank PLC)             | CUSIP: 85312EEE9<br>LEI: F01VVKN4DRF2NWKGQ283 | Long             | SN               | CORP              | GB        |    188500000 | PA      | $3128914.17   | 0.33%             | 2029-05-24      | Fixed         | 17.00%                | Yes           |                  2 | On Loan: No      |
| TUGELA BV                                         | Republic of Kyrgyzstan (Issuer Tugela BV)                          | CUSIP: 000000000<br>LEI: 7245006XUFKX4KNGKS70 | Long             | SN               | CORP              | NL        |    305000000 | PA      | $2780749.00   | 0.30%             | 2029-09-13      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GHANA GOVERNMENT BOND                             | Republic of Ghana Government Bonds                                 | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      5400000 | PA      | $350615.97    | 0.04%             | 2034-02-07      | Fixed         | 9.40%                 | No            |                  2 | On Loan: No      |
| Angola Government International Bonds             | Angola Government International Bonds                              | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      8608000 | PA      | $6805646.72   | 0.72%             | 2049-11-26      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                             | Venezuela Government International Bonds                           | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     12671400 | PA      | $2472190.14   | 0.26%             | 2028-05-07      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                             | Sri Lanka Government International Bonds                           | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      5315807 | PA      | $4455801.92   | 0.47%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND                            | Zambia Government Bonds                                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     20700000 | PA      | $862718.65    | 0.09%             | 2026-08-21      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| NIGERIA GOVERNMENT BOND                           | Nigeria Government Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    290000000 | PA      | $180529.75    | 0.02%             | 2027-03-17      | Fixed         | 16.29%                | No            |                  2 | On Loan: No      |
| GOVERNMENT OF JAMAICA                             | Jamaica Government International Bonds                             | CUSIP: 470160CF7<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |    500000000 | PA      | $3234102.24   | 0.34%             | 2030-11-03      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                     | Purchased USD / Sold EUR                                           | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |            1 | NC      | $447009.27    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| KAZAKH GOV BOND - MEUKAM                          | Kazakhstan Government Bonds                                        | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |   1130000000 | PA      | $1889832.10   | 0.20%             | 2027-05-19      | Fixed         | 10.40%                | No            |                  2 | On Loan: No      |
| Angola Government International Bonds             | Angola Government International Bonds                              | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      1902000 | PA      | $1841828.10   | 0.20%             | 2028-05-09      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                | Dominican Republic International Bonds                             | CUSIP: 25714PFA1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    123000000 | PA      | $2131138.12   | 0.23%             | 2036-06-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND                            | Zambia Government Bonds                                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     84800000 | PA      | $3049112.54   | 0.32%             | 2031-01-25      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| LIQUID TELECOM FINANCE                            | Liquid Telecommunications Financing PLC                            | CUSIP: 536333AB3<br>LEI: 635400MXAVJRJJCWVI87 | Long             | DBT              | CORP              | GB        |      1119000 | PA      | $953512.72    | 0.10%             | 2026-09-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARMENIAN TREASURY BONDS                           | Republic of Armenia Treasury Bonds                                 | CUSIP: 000000000<br>LEI: 5299000H77JSW90G7935 | Long             | DBT              | NUSS              | AM        |   2240000000 | PA      | $5822470.42   | 0.62%             | 2028-04-29      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                | Dominican Republic International Bonds                             | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    207700000 | PA      | $3598677.94   | 0.38%             | 2036-06-01      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                          | Uruguay Government International Bonds                             | CUSIP: 760942BF8<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     98000000 | PA      | $2623497.20   | 0.28%             | 2033-07-20      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                 | Lebanon Government International Bonds                             | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     12312000 | PA      | $2283876.00   | 0.24%             | 2028-03-20      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                          | Citigroup Global Markets Holdings, Inc.                            | CUSIP: 173074RZ0<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |     55000000 | PA      | $994993.82    | 0.11%             | 2026-01-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY FIN LLC                            | Morgan Stanley Finance LLC                                         | CUSIP: 000000000<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |    145000000 | PA      | $1171422.45   | 0.12%             | 2025-10-18      | Fixed         | 12.65%                | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED BANK                           | Standard Chartered Bank                                            | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | SN               | CORP              | GB        |    344000000 | PA      | $1156291.29   | 0.12%             | 2025-10-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UGANDA GOVERNMENT BOND                            | Republic of Uganda Government Bonds                                | CUSIP: 000000000<br>LEI: 549300NF1DEFHG8XLQ11 | Long             | DBT              | NUSS              | UG        |   6100000000 | PA      | $1607759.41   | 0.17%             | 2029-08-23      | Fixed         | 14.25%                | No            |                  2 | On Loan: No      |
| TUGELA BV                                         | Republic of Malawi (Issuer Tugela BV)                              | CUSIP: 000000000<br>LEI: 7245006XUFKX4KNGKS70 | Long             | SN               | CORP              | NL        |       650000 | PA      | $283335.00    | 0.03%             | 2027-09-03      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND                            | Zambia Government Bonds                                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |      8000000 | PA      | $292358.39    | 0.03%             | 2030-07-27      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| IVORY COAST                                       | Ivory Coast Government International Bonds                         | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      4660000 | PA      | $4674362.83   | 0.50%             | 2040-10-17      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Republic of Kenya Government International Bonds  | Republic of Kenya Government International Bonds                   | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |      3253000 | PA      | $3096175.11   | 0.33%             | 2032-05-22      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                            | Purchased USD / Sold EGP                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $-28182.58    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                                 | International Finance Corp.                                        | CUSIP: 000000000<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |      1799000 | PA      | $984285.81    | 0.10%             | 2028-12-15      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| UZBEKNEFTEGAZ                                     | Uzbekneftegaz JSC                                                  | CUSIP: 91825MAC7<br>LEI: 213800LUZJZFLJD4MJ51 | Long             | DBT              | NUSS              | UZ        |      2046000 | PA      | $2148203.96   | 0.23%             | 2030-05-07      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                             | Sri Lanka Government International Bonds                           | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |       917288 | PA      | $823265.98    | 0.09%             | 2030-01-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                          | Petroleos de Venezuela SA                                          | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |      1250000 | PA      | $172500.00    | 0.02%             | 2024-05-16      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| KENYA INFRASTUCTURE BOND                          | Republic of Kenya Infrastructure Bonds                             | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     15500000 | PA      | $119425.37    | 0.01%             | 2026-05-25      | Fixed         | 10.20%                | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                   | IHS Holding Ltd.                                                   | CUSIP: 44963HAC9<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |      1642000 | PA      | $1663198.22   | 0.18%             | 2030-05-29      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                              | Republic of Uzbekistan International Bonds                         | CUSIP: 91824PAB3<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |  53850000000 | PA      | $4336083.39   | 0.46%             | 2027-05-29      | Fixed         | 16.62%                | 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        |       985714 | PA      | $929104.03    | 0.10%             | 2027-02-19      | Fixed         | 6.93%                 | Yes           |                  2 | On Loan: No      |
| TUGELA BV                                         | Republic of Kyrgyzstan (Issuer Tugela BV)                          | CUSIP: 000000000<br>LEI: 7245006XUFKX4KNGKS70 | Long             | SN               | CORP              | NL        |    220000000 | PA      | $2555723.27   | 0.27%             | 2027-09-13      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                 | Lebanon Government International Bonds                             | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     12398000 | PA      | $2306028.00   | 0.25%             | 2034-05-17      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| TUGELA BV                                         | Municipalidad de Asuncion (Issuer Tugela BV)                       | CUSIP: 000000000<br>LEI: 7245006XUFKX4KNGKS70 | Long             | SN               | CORP              | NL        |  16600000000 | PA      | $2436365.82   | 0.26%             | 2032-11-22      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                          | Uruguay Government International Bonds                             | CUSIP: 917288BP6<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    123498718 | PA      | $3135499.49   | 0.33%             | 2045-05-16      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| NIGERIA GOVERNMENT BOND                           | Nigeria Government Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |   1230000000 | PA      | $863838.41    | 0.09%             | 2031-02-21      | Fixed         | 18.50%                | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                           | JPMorgan Chase Bank NA                                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | DBT              | CORP              | US        |      2900000 | PA      | $1672769.47   | 0.18%             | 2028-03-17      | Fixed         | 8.75%                 | No            |                  3 | On Loan: No      |
| INTL FINANCE CORP                                 | International Finance Corp.                                        | CUSIP: 000000000<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |      2013480 | PA      | $1171525.57   | 0.12%             | 2027-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                | Dominican Republic International Bonds                             | CUSIP: 25714PFD5<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     19150000 | PA      | $321826.93    | 0.03%             | 2037-03-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Zambia Government International Bonds             | Zambia Government International Bonds                              | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |      7221861 | PA      | $5282846.14   | 0.56%             | 2053-12-31      | Fixed         | 0.50%                 | Yes           |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                               | Benin Government International Bonds                               | CUSIP: 000000000<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |      2408000 | PA      | $2347720.24   | 0.25%             | 2052-01-19      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                              | Paraguay Government International Bonds                            | CUSIP: 699149AP5<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |  23803000000 | PA      | $3042973.55   | 0.32%             | 2031-02-09      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                          | Petroleos de Venezuela SA                                          | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     16957239 | PA      | $2357056.22   | 0.25%             | 2026-11-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Ukraine Government International Bonds            | Ukraine Government International Bonds                             | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       540538 | PA      | $251022.27    | 0.03%             | 2036-02-01      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY FIN LLC                            | Morgan Stanley Finance LLC                                         | CUSIP: 61774FKT8<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |    180000000 | PA      | $1451813.88   | 0.15%             | 2025-10-18      | Fixed         | 12.65%                | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                           | JPMorgan Chase Bank NA                                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | SN               | CORP              | US        |    131125000 | PA      | $2726654.88   | 0.29%             | 2027-08-18      | Fixed         | 25.32%                | No            |                  2 | On Loan: No      |
| The Federal Republic of Nigeria                   | Nigeria OMO Bills                                                  | CUSIP: 000000000<br>LEI: 549300G1JG004Y3K8S97 | Long             | DBT              | NUSS              | NG        |   1900000000 | PA      | $1114538.51   | 0.12%             | 2026-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KENYA INFRASTUCTURE BOND                          | Republic of Kenya Infrastructure Bonds                             | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    112000000 | PA      | $816290.04    | 0.09%             | 2035-10-08      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| HTA GROUP LTD                                     | HTA Group Ltd.                                                     | CUSIP: 40435WAC4<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |      2772000 | PA      | $2861250.53   | 0.30%             | 2029-06-04      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                          | Citigroup Global Markets Holdings, Inc.                            | CUSIP: 173074SC0<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |   8900000000 | PA      | $5297406.68   | 0.56%             | 2026-02-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EGYPT GOVERNMENT BOND                             | Egypt Government Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     10000000 | PA      | $175093.28    | 0.02%             | 2027-11-07      | Fixed         | 15.70%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                | Angola Government International Bonds                              | CUSIP: 035198AF7<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      3475000 | PA      | $3157077.98   | 0.34%             | 2032-04-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND                            | Zambia Government Bonds                                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     10000000 | PA      | $498916.74    | 0.05%             | 2035-02-17      | Fixed         | 22.49%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                          | Citigroup Global Markets Holdings, Inc.                            | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |   1060000000 | PA      | $676013.51    | 0.07%             | 2026-01-26      | Fixed         | 12.50%                | Yes           |                  2 | On Loan: No      |
| KAZAKH GOV BOND - MEOKAM                          | Kazakhstan Government Bonds                                        | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |    280000000 | PA      | $502943.93    | 0.05%             | 2026-09-16      | Fixed         | 13.90%                | No            |                  2 | On Loan: No      |
| KAZAKH GOV BOND - MEUKAM                          | Kazakhstan Government Bonds                                        | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |   2650000000 | PA      | $3710119.12   | 0.39%             | 2028-04-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NIGERIA GOVERNMENT BOND                           | Nigeria Government Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    630000000 | PA      | $536854.72    | 0.06%             | 2035-01-29      | Fixed         | 22.60%                | No            |                  2 | On Loan: No      |
| ZAMBEZI BV                                        | Zambezi BV                                                         | CUSIP: 000000000<br>LEI: 724500IN99XG3EVGLT10 | Long             | SN               | CORP              | NL        |  13500000000 | PA      | $1910547.40   | 0.20%             | 2035-06-22      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                          | Uruguay Government International Bonds                             | CUSIP: 000000000<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     81000000 | PA      | $2016586.75   | 0.21%             | 2028-03-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Angola Government International Bonds             | Angola Government International Bonds                              | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |       985000 | PA      | $797654.20    | 0.08%             | 2048-05-08      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                          | Citigroup Global Markets Holdings, Inc.                            | CUSIP: 173074TU9<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |      6500000 | PA      | $2404290.73   | 0.26%             | 2028-07-31      | Fixed         | 9.35%                 | No            |                  2 | On Loan: No      |
| Republic Of Mozambique                            | Mozambique International Bonds                                     | CUSIP: 000000000<br>LEI: 213800759WLKYIKPER73 | Long             | DBT              | NUSS              | MZ        |      2353000 | PA      | $2051194.38   | 0.22%             | 2031-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds            | Ukraine Government International Bonds                             | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       205404 | PA      | $95639.38     | 0.01%             | 2030-02-01      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                          | Citigroup Global Markets Holdings, Inc.                            | CUSIP: 173074PV1<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |    137313000 | PA      | $1125394.93   | 0.12%             | 2029-05-17      | Fixed         | 12.40%                | No            |                  2 | On Loan: No      |
| RUFIJI BV                                         | Development Bank of Mongolia (Issuer Rufiji BV)                    | CUSIP: 000000000<br>LEI: 2138002PSD6UU8BI9K98 | Long             | SN               | CORP              | NL        |  18900000000 | PA      | $5431446.09   | 0.58%             | 2031-10-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ECOBANK TRANSNATIONAL                             | Ecobank Transnational, Inc.                                        | CUSIP: 27889PAC7<br>LEI: 213800USCE9Y111R4656 | Long             | DBT              | CORP              | TG        |       600000 | PA      | $631551.00    | 0.07%             | 2029-10-15      | Fixed         | 10.12%                | No            |                  2 | On Loan: No      |
| AURORA AUSTRALIS BV                               | Republic of Mongolia (Issuer Aurora Australis BV)                  | CUSIP: 000000000<br>LEI: 724500PTLCPQVL0B8284 | Long             | SN               | CORP              | NL        |   8000000000 | PA      | $2276511.56   | 0.24%             | 2031-11-25      | Floating      | 10.00%                | No            |                  2 | On Loan: No      |
| EGYPT GOVERNMENT BOND                             | Egypt Government Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    171950000 | PA      | $3572320.94   | 0.38%             | 2027-08-13      | Fixed         | 25.32%                | No            |                  2 | On Loan: No      |
| TUGELA BV                                         | Tugela BV                                                          | CUSIP: 000000000<br>LEI: 7245006XUFKX4KNGKS70 | Long             | SN               | CORP              | NL        |       200000 | PA      | $159600.00    | 0.02%             | 2027-04-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PNG GOVT INTL BOND                                | Papua New Guinea Government International Bonds                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | PG        |      7226000 | PA      | $7415379.01   | 0.79%             | 2028-10-04      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                           | JPMorgan Chase Bank NA                                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | SN               | CORP              | US        |     80000000 | PA      | $1620572.37   | 0.17%             | 2028-03-07      | Fixed         | 21.95%                | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND                            | Zambia Government Bonds                                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     12000000 | PA      | $524451.84    | 0.06%             | 2026-08-18      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| KAZAKH GOV BOND - MEUKAM                          | Kazakhstan Government Bonds                                        | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |   2300000000 | PA      | $3529231.35   | 0.38%             | 2029-07-28      | Fixed         | 10.55%                | No            |                  2 | On Loan: No      |
| ARMENIAN TREASURY BONDS                           | Republic of Armenia Treasury Bonds                                 | CUSIP: 000000000<br>LEI: 5299000H77JSW90G7935 | Long             | DBT              | NUSS              | AM        |    385000000 | PA      | $992969.71    | 0.11%             | 2026-04-29      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SWAP HSBC BOC                                     | Collateral Position                                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | STIV             | CORP              | US        |      -300000 | NS      | $-300000.00   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| AURORA AUSTRALIS BV                               | Republic of Kyrgyzstan (Issuer Aurora Australis BV)                | CUSIP: 000000000<br>LEI: 724500PTLCPQVL0B8284 | Long             | SN               | CORP              | NL        |    190000000 | PA      | $1579313.89   | 0.17%             | 2032-03-08      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Republic of Iraq                                  | Iraq International Bonds                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | IQ        |       265312 | PA      | $262728.47    | 0.03%             | 2028-01-15      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                           | JPMorgan Chase Bank NA                                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | DBT              | CORP              | US        |   7600000000 | PA      | $637242.98    | 0.07%             | 2027-07-23      | Fixed         | 18.35%                | No            |                  2 | On Loan: No      |
| BONTE                                             | Argentina Treasury Bonds BONTE                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |   7180000000 | PA      | $5483860.92   | 0.58%             | 2030-05-30      | Fixed         | 29.50%                | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds            | Nigeria Government International Bonds                             | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      2586000 | PA      | $2513424.45   | 0.27%             | 2032-02-16      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                 | Republic of Kenya Government International Bonds                   | CUSIP: 491798AN4<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |      1681000 | PA      | $1615615.89   | 0.17%             | 2036-03-05      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                                 | International Finance Corp.                                        | CUSIP: 000000000<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |   4300000000 | PA      | $1119942.13   | 0.12%             | 2027-11-29      | Fixed         | 9.20%                 | No            |                  2 | On Loan: No      |
| KENYA INFRASTUCTURE BOND                          | Republic of Kenya Infrastructure Bonds                             | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    152000000 | PA      | $1130840.25   | 0.12%             | 2037-01-05      | Fixed         | 12.26%                | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                          | First Quantum Minerals Ltd.                                        | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |       499000 | PA      | $519585.75    | 0.06%             | 2031-06-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-26

**Name of Applicant:** AMERICAN BEACON FUNDS

**Signature:** Sonia Bates

**Name of Signer:** Sonia Bates

**Title:** Treasurer