# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0000940400-26-025020
**Filing Date:** 2026-6
**Character Count:** 125714
**Document Hash:** a18b4d2af1faf4730e3a9f7d9bdd6b25
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-025020.hdr.sgml**: 20260622

**ACCESSION NUMBER**: 0000940400-26-025020

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260622

**DATE AS OF CHANGE**: 20260622

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **CENTRAL INDEX KEY:** 0000885709

**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:** 811-06625
- **FILM NUMBER:** 261107517

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2136251900

**MAIL ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDENFUNDS
- **DATE OF NAME CHANGE:** 20010423

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **DATE OF NAME CHANGE:** 19940104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** P&R INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Payden Emerging Markets Corporate Bond Fund (Series ID: S000042522)

| Class ID   | Class Name                                                   | Ticker Symbol   |
|:---|:---|:---|
| C000131551 | Payden Emerging Markets Corporate Bond Fund (Investor Class) | PYCEX           |
| C000136209 | Payden Emerging Markets Corporate Bond Fund (SI Class)       | PYCIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PAYDEN & RYGEL INVESTMENT GROUP

- **b. Investment Company Act file number:** 811-06625

- **c. CIK number of Registrant:** 0000885709

- **d. LEI of Registrant:** 549300QJNYRKYZS3P282

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

  - **Street Address 1:** 333 South Grand Avenue

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 213-625-1900

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

- **a. Name of Series:** Payden Emerging Markets Corporate Bond Fund

- **b. EDGAR series identifier (if any):** S000042522

- **c. LEI of Series:** 549300YZ4XY581C25P40

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $87816663.77

**Total Liabilities:** $3413098.78

**Net Assets:** $84403564.99

**Delayed Delivery Securities:** $948989.79

**Cash Not Reported:** $487549.01

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 67.00000000 | **5-Year:** 2195.00000000 | **10-Year:** 7713.00000000 | **30-Year:** 8435.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 203.00000000 | **5-Year:** 5189.00000000 | **10-Year:** 10351.00000000 | **30-Year:** 7328.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000131551 | 0.60%                | -2.09%               | 2.02%                |
| Class ID C000136209 | 0.61%                | -2.08%               | 2.14%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-249882.55              | $527861.28                                 |
| Month 2  | $-161701.05              | $-2304378.93                               |
| Month 3  | $-95526.47               | $1522505.85                                |

**Designated Index Information**

- **Index Name:** JP Morgan CEMBI Broad Diversified Index

- **Index Identifier:** JPM_CEMBI

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BNP PARIBAS SECURITIES CORP.                                                     | USD/CHF FORWARD                                          | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-13158.01    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                           | Ultra U.S. Treasury Bond Futures, Jun-2026,ETH           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |          7 | NC      | $-37703.96    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| PETROLEOS MEXICANOS SA DE CV                                                     | PEMEX 6.84 01/23/30                                      | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     285000 | PA      | $290283.79    | 0.34%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| YINSON BORONIA PRODUCTION BV                                                     | YPANBR 8.947 07/31/42 144A                               | CUSIP: 98584XAA3<br>LEI: 5493007X12FTT746N678 | Long             | DBT              | CORP              | NL        |     961745 | PA      | $1065460.72   | 1.26%             | 2042-07-31      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| UEP PENONOME II SA                                                               | UEPSOL 6.5 10/01/38 144A                                 | CUSIP: 90363PAA4<br>LEI: 549300DS6G5XB230S845 | Long             | DBT              | CORP              | PA        |     226944 | PA      | $203114.82    | 0.24%             | 2038-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL                  | BNTNF 10 01/01/29 NTNF                                   | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    2200000 | PA      | $411171.65    | 0.49%             | 2029-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| LENOVO GROUP LTD                                                                 | LENOVO 6.536 07/27/32 144A                               | CUSIP: 526250AE5<br>LEI: 254900VUZRGD5U73RE46 | Long             | DBT              | CORP              | HK        |     200000 | PA      | $215201.21    | 0.25%             | 2032-07-27      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| UNIGEL NETHERLANDS HOLDING CORP BV                                               | UNIGNL 15 12/31/44 144A                                  | CUSIP: 90475UAA8<br>LEI: 213800UOXJTQ82DWTJ78 | Long             | DBT              | CORP              | NL        |     149524 | PA      | $2990.48      | 0.00%             | 2044-12-31      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                                                   | WYNMAC 5.625 08/26/28 144A                               | CUSIP: 98313RAH9<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |     230000 | PA      | $228491.18    | 0.27%             | 2028-08-26      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AXIAN TELECOM HOLDING AND MANAGEMENT PLC                                         | AXNTLC 7.25 07/11/30 144A                                | CUSIP: 05465QAA7<br>LEI: 984500B7DCD97EB04857 | Long             | DBT              | CORP              | AE        |     200000 | PA      | $201983.06    | 0.24%             | 2030-07-11      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MEITUAN LLC                                                                      | MEITUA 5.125 11/05/35 144A                               | CUSIP: 58533EAJ2<br>LEI: 21380033K525E5JLIA77 | Long             | DBT              | CORP              | KY        |     355000 | PA      | $345597.51    | 0.41%             | 2035-11-05      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHOSPHATES SA                                               | OCPMR 6.1 04/30/30 144A                                  | CUSIP: 67091TAH8<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |     200000 | PA      | $204231.27    | 0.24%             | 2030-04-30      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                         | PEN/USD FORWARD                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $57045.99     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ARTEMIS GOLD INC                                                                 | ARTGCN 5.625 02/15/31 144A                               | CUSIP: 04302LAB6<br>LEI: 529900GXBX7DGL5YMO49 | Long             | DBT              | CORP              | CA        |      80000 | PA      | $59447.42     | 0.07%             | 2031-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| COMPANIA DE MINAS BUENAVENTURA SA                                                | BUENAV 6.8 02/04/32 144A                                 | CUSIP: 204448AB0<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | DBT              | CORP              | PE        |     830000 | PA      | $852974.40    | 1.01%             | 2032-02-04      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                                   | TEVA 6 12/01/32                                          | CUSIP: 88167AAT8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     435000 | PA      | $453215.63    | 0.54%             | 2032-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                             | RY V6.5 05/24/86                                         | CUSIP: 780082BA0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     200000 | PA      | $198143.52    | 0.23%             | 2086-05-24      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CONTINUUM ENERGY AURA PTE LTD                                                    | COGREN 9.5 02/24/27 144A                                 | CUSIP: 21218JAB8<br>LEI: 984500AB52D7C8GC2E33 | Long             | DBT              | CORP              | SG        |     380000 | PA      | $385132.85    | 0.46%             | 2027-02-24      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ALFA TRANSMISORA DE ENERGIA SA                                                   | ALFACL 4.55 09/27/51 144A                                | CUSIP: 01538TAA3<br>LEI: 2549006BJAN34R520038 | Long             | DBT              | CORP              | CL        |     907300 | PA      | $720267.82    | 0.85%             | 2051-09-27      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| COMETA ENERGIA SA DE CV                                                          | COMENG 6.375 04/24/35 144A                               | CUSIP: 20039FAA7<br>LEI: 5493007L8UH7TYXKI505 | Long             | DBT              | CORP              | MX        |     305025 | PA      | $321108.98    | 0.38%             | 2035-04-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Hut 8 DC LLC                                                                     | HUTRBA 6.192 11/15/42 144A                               | CUSIP: 44813DAA4<br>LEI: 2549001DBTVKADI7M690 | Long             | DBT              | CORP              | CA        |     230000 | PA      | $232048.98    | 0.27%             | 2042-11-15      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| TURKEY, REPUBLIC OF UNDERSECRETARIAT OF TREASURY                                 | TURKGB 36.78 10/13/27 2Y                                 | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    9380000 | PA      | $204606.68    | 0.24%             | 2027-10-13      | Fixed         | 36.78%                | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHOSPHATES SA                                               | OCPMR 6.7 03/01/36 144A                                  | CUSIP: 67091TAJ4<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |     200000 | PA      | $208893.09    | 0.25%             | 2036-03-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                           | 2-Year T-Note Futures, Jun-2026,ETH                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         21 | NC      | $-38300.22    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| GREENSAIF PIPELINES BIDCO SARL                                                   | GASBCM 5.8528 02/23/36 144A                              | CUSIP: 39541EAD5<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |     200000 | PA      | $204647.71    | 0.24%             | 2036-02-23      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| SAAVI ENERGIA SARL                                                               | SAAVIE 8.875 02/10/35 144A                               | CUSIP: 78518PAA3<br>LEI: 254900A2V0IO8K56UH35 | Long             | DBT              | CORP              | LU        |     776000 | PA      | $864114.80    | 1.02%             | 2035-02-10      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| YACIMIENTOS PETROLIFEROS FISCALES SA                                             | YPFDAR 8.75 09/11/31 144A                                | CUSIP: 984245AY6<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |     215000 | PA      | $228426.75    | 0.27%             | 2031-09-11      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SHRIRAM FINANCE LTD                                                              | SHFLIN 6.15 04/03/28 144A                                | CUSIP: 82556FAB8<br>LEI: 335800TM2YO24B76XL26 | Long             | DBT              | CORP              | IN        |     505000 | PA      | $515713.01    | 0.61%             | 2028-04-03      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS SA DE CV                                                     | PEMEX 7.69 01/23/50                                      | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     235000 | PA      | $215068.52    | 0.25%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| EMPRESA NACIONAL DEL PETROLEO SA                                                 | ENAPCL 5.95 07/30/34 144A                                | CUSIP: 29245JAP7<br>LEI: 549300YP3P0JZBLIV197 | Long             | DBT              | CORP              | CL        |     235000 | PA      | $243196.57    | 0.29%             | 2034-07-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| VISTA ENERGY ARGENTINA SAU                                                       | VISTAA 7.625 12/10/35 144A                               | CUSIP: 92841RAA8<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |     215000 | PA      | $221718.75    | 0.26%             | 2035-12-10      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| BANCO INTERNACIONAL DEL PERU' SA                                                 | BINTPE V6.397 04/30/35 144A                              | CUSIP: 05968DAG5<br>LEI: 5493001TRCGXJLRLHN14 | Long             | DBT              | CORP              | PE        |     955000 | PA      | $986658.25    | 1.17%             | 2035-04-30      | Fixed         | 6.40%                 | No            |                  2 | On Loan: —       |
| BBVA MEXICO SA TEXAS BRANCH                                                      | BBVASM V8.45 06/29/38 144A                               | CUSIP: 07336UAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     415000 | PA      | $457186.46    | 0.54%             | 2038-06-29      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| CSN ISLANDS XI CORP                                                              | CSNABZ 6.75 01/28/28 144A                                | CUSIP: 12642KAB0<br>LEI: 222100R8R68DM7VM3661 | Long             | DBT              | CORP              | KY        |     200000 | PA      | $170685.38    | 0.20%             | 2028-01-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                           | 5-Year T-Note Futures, Jun-2026,ETH                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         34 | NC      | $-35708.16    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| MINERA MEXICO SA DE CV                                                           | SCCOMX 5.625 02/12/32 144A                               | CUSIP: 60284MAC6<br>LEI: 2549005BMA2EK49I0T98 | Long             | DBT              | CORP              | MX        |     485000 | PA      | $496630.30    | 0.59%             | 2032-02-12      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VISTA ENERGY ARGENTINA SAU                                                       | VISTAA 8.5 06/10/33 144A                                 | CUSIP: 92841RAB6<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |     155000 | PA      | $164803.75    | 0.20%             | 2033-06-10      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| INDIA CLEAN ENERGY HOLDINGS                                                      | INCLEN 4.5 04/18/27 144A                                 | CUSIP: 45409MAA1<br>LEI: 254900XQFJ9593DCY022 | Long             | DBT              | CORP              | MU        |     580000 | PA      | $571081.97    | 0.68%             | 2027-04-18      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ARCOR SAIC                                                                       | ARCOR 7.6 07/31/33 144A                                  | CUSIP: 03965PAE1<br>LEI: 529900B2ROYOJG45VO88 | Long             | DBT              | CORP              | AR        |     210000 | PA      | $216825.00    | 0.26%             | 2033-07-31      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| TELECOM ARGENTINA SA                                                             | TECOAR 9.5 07/18/31 144A                                 | CUSIP: 879273AU4<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | AR        |     270000 | PA      | $289237.50    | 0.34%             | 2031-07-18      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| POWER FINANCE CORP LTD                                                           | POWFIN 3.95 04/23/30 144A                                | CUSIP: 73928QAB4<br>LEI: 3358003Q6D9LIJJZ1614 | Long             | DBT              | CORP              | IN        |     430000 | PA      | $416446.05    | 0.49%             | 2030-04-23      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                                   | TEVA 3.15 10/01/26                                       | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     240000 | PA      | $238391.59    | 0.28%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL                  | BNTNF 10 01/01/31 NTNF                                   | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    2500000 | PA      | $444267.65    | 0.53%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                                              | MUTHIN 6.375 04/23/29 144A                               | CUSIP: 62828L2D4<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |     200000 | PA      | $201397.93    | 0.24%             | 2029-04-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MHP LUX SA                                                                       | MHPSA 10.5 07/28/29 144A                                 | CUSIP: 59318YAC2<br>LEI: 222100RHC7R1WZ1J3M44 | Long             | DBT              | CORP              | LU        |     270000 | PA      | $277212.66    | 0.33%             | 2029-07-28      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                           | Ultra 10-Year U.S. Treasury Note Futures, Jun-2026,ETH   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         -8 | NC      | $24722.64     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CHILE ELECTRICITY LUX MPC SARL                                                   | CHLELC 6.01 01/20/33 144A                                | CUSIP: 168829AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     546100 | PA      | $568124.21    | 0.67%             | 2033-01-20      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                                                                  | SANLTD 5.4 08/08/28                                      | CUSIP: 80007RAE5<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |     270000 | PA      | $273262.95    | 0.32%             | 2028-08-08      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 6.25 12/28/28 144A                                | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      11457 | PA      | $229.14       | 0.00%             | 2028-12-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NIAGARA ENERGY SAC                                                               | NIAENE 5.746 10/03/34 144A                               | CUSIP: 65345YAA0<br>LEI: 254900V9UGCG42YQ6848 | Long             | DBT              | CORP              | PE        |     625000 | PA      | $633116.44    | 0.75%             | 2034-10-03      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LIMAK CIMENTO SANAYI VE TICARET AS                                               | LIMAK 9.75 07/25/29 144A                                 | CUSIP: 53263AAA6<br>LEI: 789000EEUQIGHI88WH47 | Long             | DBT              | CORP              | TR        |     230000 | PA      | $232596.96    | 0.28%             | 2029-07-25      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| VENEZUELA, BOLIVARIAN REPUBLIC OF - MINISTRY OF FINANCE                          | VENZ 7.75 10/13/19                                       | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     910000 | PA      | $418372.50    | 0.50%             | 2019-10-13      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ALLIANZ SE                                                                       | ALVGR V6.55 PERP 144a                                    | CUSIP: 018820AE0<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |     200000 | PA      | $202470.80    | 0.24%             | N/A             | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO E INVERSIONES SA                                                | BCICI V7.5 PERP 144A                                     | CUSIP: 05956NAF9<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |     200000 | PA      | $212250.00    | 0.25%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                                               | BX 2025-VLT7 E                                           | CUSIP: 123913AJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     200000 | PA      | $200155.40    | 0.24%             | 2044-07-15      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| TELECOM ARGENTINA SA                                                             | TECOAR 9.25 05/28/33 144A                                | CUSIP: 879273AV2<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | AR        |     585000 | PA      | $622053.90    | 0.74%             | 2033-05-28      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                         | USD/EUR FORWARD                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-13074.66    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 7 12/28/31 144A                                   | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      34832 | PA      | $696.64       | 0.00%             | 2031-12-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COLBUN SA                                                                        | COLBUN 3.15 01/19/32 144A                                | CUSIP: 192714AE3<br>LEI: 5493003VQJLE2QB8IF36 | Long             | DBT              | CORP              | CL        |     200000 | PA      | $181292.54    | 0.21%             | 2032-01-19      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 0 12/31/28 144A                                   | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      13626 | PA      | $19.76        | 0.00%             | 2028-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                               | ALLY V7.1 PERP D                                         | CUSIP: 02005NCB4<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     320000 | PA      | $319866.50    | 0.38%             | N/A             | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER (MX) SA INSTITUCION DE BANCA MULTIPLE GRUPO FINANCIERO SANTANDER | BSMXB V7.525 10/01/28 144A                               | CUSIP: 05969BAC7<br>LEI: SCRYQ25DTVRHYYMM6P89 | Long             | DBT              | CORP              | MX        |     800000 | PA      | $843606.40    | 1.00%             | 2028-10-01      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| ANGLOGOLD ASHANTI HOLDINGS PLC                                                   | ANGSJ 6.5 04/15/40                                       | CUSIP: 03512TAB7<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |     485000 | PA      | $512111.74    | 0.61%             | 2040-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GRUPO TELEVISA SAB                                                               | TELVIS 6.125 01/31/46                                    | CUSIP: 40049JBC0<br>LEI: 549300O4AF0C816ILN62 | Long             | DBT              | CORP              | MX        |     200000 | PA      | $152861.79    | 0.18%             | 2046-01-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                                                            | BEEFBZ 4.375 03/18/31 144A                               | CUSIP: 603374AF6<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |     510000 | PA      | $458381.98    | 0.54%             | 2031-03-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SURA ASSET MANAGEMENT SA                                                         | SUAMSA 6.35 05/13/32 144A                                | CUSIP: 78486LAB8<br>LEI: 549300013ETMS1C0EA22 | Long             | DBT              | CORP              | CO        |     200000 | PA      | $209700.00    | 0.25%             | 2032-05-13      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| AOA TRUST 2025-1301                                                              | AOA 2025-1301 D                                          | CUSIP: 682461AJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     130000 | PA      | $130596.54    | 0.15%             | 2042-08-13      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                       | USD/MXN FORWARD                                          | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $7599.44      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| COLBUN SA                                                                        | COLBUN 3.15 03/06/30 144A                                | CUSIP: 192714AD5<br>LEI: 5493003VQJLE2QB8IF36 | Long             | DBT              | CORP              | CL        |     200000 | PA      | $187412.24    | 0.22%             | 2030-03-06      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| AFRICELL HOLDING LTD                                                             | AFRCEL 10.5 10/23/29 144A                                | CUSIP: 00833NAA0<br>LEI: 984500JFB7AFK4B6C829 | Long             | DBT              | CORP              | JE        |     200000 | PA      | $201466.56    | 0.24%             | 2029-10-23      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                                                         | YKBNK V9.743 PERP 144A                                   | CUSIP: 984848AS0<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |     245000 | PA      | $253041.40    | 0.30%             | N/A             | Fixed         | 9.74%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL PLC                                                       | AALLN 5.5 05/02/33 144A                                  | CUSIP: 034863BD1<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $204581.27    | 0.24%             | 2033-05-02      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EMIRATES SEMBCORP WATER AND POWER COMPANY PJSC                                   | ESCWPC 4.45 08/01/35 144A                                | CUSIP: 29135EAA4<br>LEI: 213800FF7EXWECXGTO26 | Long             | DBT              | CORP              | AE        |     280000 | PA      | $265005.97    | 0.31%             | 2035-08-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| MEDCO CYPRESS TREE PTE LTD                                                       | MEDCIJ 8.625 05/19/30 144A                               | CUSIP: 58406VAA7<br>LEI: 254900NKZ2Y3YZK4WC46 | Long             | DBT              | CORP              | SG        |     315000 | PA      | $329803.20    | 0.39%             | 2030-05-19      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| AES PANAMA GENERATION HOLDINGS SRL                                               | AES 4.375 05/31/30 144A                                  | CUSIP: 00109AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |     252047 | PA      | $237064.50    | 0.28%             | 2030-05-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CENCOSUD SA                                                                      | CENSUD 5.75 04/15/36 144A                                | CUSIP: 15132HAK7<br>LEI: 549300NLTGCFV7482429 | Long             | DBT              | CORP              | CL        |     200000 | PA      | $200250.00    | 0.24%             | 2036-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KALLPA GENERACION SA                                                             | KALLPA 5.5 09/11/35 144A                                 | CUSIP: 48344FAC4<br>LEI: 549300NG1PWEI5BZG095 | Long             | DBT              | CORP              | PE        |     295000 | PA      | $294439.50    | 0.35%             | 2035-09-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GRUPO NUTRESA SA                                                                 | NUTRES 8 05/12/30 144A                                   | CUSIP: 40055CAA1<br>LEI: 254900KKAX7B7RJUE255 | Long             | DBT              | CORP              | CO        |     455000 | PA      | $480598.45    | 0.57%             | 2030-05-12      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                     | USD/BRL FORWARD                                          | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-65044.75    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| INFRAESTRUCTURA ENERGETICA NOVA SAPI DE CV                                       | IENOVA 4.75 01/15/51 144A                                | CUSIP: 456829AC4<br>LEI: 715K4H1JYF3O6JOK1411 | Long             | DBT              | CORP              | MX        |     280000 | PA      | $209232.05    | 0.25%             | 2051-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DB TERRA CHILE HOLDCO SPA                                                        | MUNDOX 7.95 04/20/31 144A                                | CUSIP: 23307FAA6<br>LEI: 254900CUZ2G2ZLVIPP64 | Long             | DBT              | CORP              | CL        |     205000 | PA      | $204231.25    | 0.24%             | 2031-04-20      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| VEON MIDCO BV                                                                    | VEONHD 3.375 11/25/27 144a                               | CUSIP: 000000000<br>LEI: 213800GOFSH7EPKBRE50 | Long             | DBT              | CORP              | NL        |     820000 | PA      | $802221.56    | 0.95%             | 2027-11-25      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| NEXA RESOURCES SA                                                                | NEXA 6.75 04/09/34 144A                                  | CUSIP: 65290DAB9<br>LEI: 549300QRMRHM7GAU7L47 | Long             | DBT              | CORP              | LU        |     200000 | PA      | $211338.62    | 0.25%             | 2034-04-09      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NAVOI MINING AND METALLURGICAL CO JSC                                            | NAVOIM 6.75 05/14/30 144A                                | CUSIP: 63890CAC8<br>LEI: 213800YLNAGERZ4C3M60 | Long             | DBT              | CORP              | UZ        |     465000 | PA      | $484433.89    | 0.57%             | 2030-05-14      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SAN MIGUEL INDUSTRIAS PET SA                                                     | SMIPET 3.5 08/02/28 144A                                 | CUSIP: 79911QAA2<br>LEI: 529900U7G8NTVARTF926 | Long             | DBT              | CORP              | PE        |     200000 | PA      | $193830.00    | 0.23%             | 2028-08-02      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY                                    | SAGB 8 01/31/30 2030                                     | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    6900000 | PA      | $411864.29    | 0.49%             | 2030-01-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                                                        | PRXNA 4.987 01/19/52 144A                                | CUSIP: 74365PAJ7<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |     500000 | PA      | $392400.50    | 0.46%             | 2052-01-19      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHOSPHATES SA                                               | OCPMR V7.3682 PERP 144A                                  | CUSIP: 67091TAL9<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |     215000 | PA      | $213873.67    | 0.25%             | N/A             | Fixed         | 7.37%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE LTD                                                        | MPEL 6.5 09/24/33 144A                                   | CUSIP: 58547DAJ8<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |     200000 | PA      | $198028.94    | 0.23%             | 2033-09-24      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                       | CAD/USD FORWARD                                          | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-69.13       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GHANA, REPUBLIC OF                                                               | GHANA 5 07/03/35 144A                                    | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     260900 | PA      | $240099.58    | 0.28%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                                             | LVS 5.625 06/15/28                                       | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |     250000 | PA      | $253687.59    | 0.30%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| INDUSTRIAL SUBORDINATED TRUST 2.0                                                | BANGUA V6.55 04/15/36 144A                               | CUSIP: 456349AA7<br>LEI: 254900WSJBB5525DL518 | Long             | DBT              | CORP              | KY        |     390000 | PA      | $396532.50    | 0.47%             | 2036-04-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| LIBERTY COSTA RICA SENIOR SECURED FINANCE                                        | LBTCOR 10.875 01/15/31 144A                              | CUSIP: 530371AA1<br>LEI: 549300W6O2PHTPCYQ751 | Long             | DBT              | CORP              | KY        |     360000 | PA      | $378997.20    | 0.45%             | 2031-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| KALLPA GENERACION SA                                                             | KALLPA 5.875 01/30/32 144A                               | CUSIP: 48344FAB6<br>LEI: 549300NG1PWEI5BZG095 | Long             | DBT              | CORP              | PE        |     280000 | PA      | $289408.00    | 0.34%             | 2032-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ECUADOR, REPUBLICA DEL - MINISTERIO DE FINANZAS Y CREDITO PUBLICO                | ECUA 8.75 01/29/34 144A                                  | CUSIP: 27927WAQ5<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     240000 | PA      | $245400.00    | 0.29%             | 2034-01-29      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 6.75 12/28/30 144A                                | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      23119 | PA      | $404.58       | 0.00%             | 2030-12-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AGROSUPER SA                                                                     | AGROSU 4.6 01/20/32 144A                                 | CUSIP: 00857LAA5<br>LEI: 5493006KNWOGYPTZZ371 | Long             | DBT              | CORP              | CL        |     250000 | PA      | $240292.50    | 0.28%             | 2032-01-20      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY                                    | SAGB 8.5 01/31/37 2037                                   | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    3650000 | PA      | $210971.19    | 0.25%             | 2037-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TRINIDAD GENERATION ULTD                                                         | TRNGEN 7.75 06/16/33 144A                                | CUSIP: 89636DAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | TT        |     400000 | PA      | $423302.00    | 0.50%             | 2033-06-16      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                       | USD/RON FORWARD                                          | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $102.30       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ESENTIA GAS ENTERPRISES SRL DE CV                                                | FERMCA 6.375 03/30/38 144A                               | CUSIP: 31503AAA2<br>LEI: 549300HYMZDEHWD3X752 | Long             | DBT              | CORP              | MX        |     495674 | PA      | $507307.79    | 0.60%             | 2038-03-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Dangote Fertiliser Ltd.                                                          | DANGFE 7.75 05/05/31 144A                                | CUSIP: 236158AA9<br>LEI: 029200238F8L0Z95I549 | Long             | DBT              | CORP              | NG        |     200000 | PA      | $203750.00    | 0.24%             | 2031-05-05      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SOCIEDAD QUIMICA Y MINERA DE CHILE SA                                            | SQM 6.5 11/07/33 144A                                    | CUSIP: 833636AN3<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | DBT              | CORP              | CL        |     220000 | PA      | $237131.62    | 0.28%             | 2033-11-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                                             | SAMMIN 9.5 06/30/31 144A                                 | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |     898034 | PA      | $901528.25    | 1.07%             | 2031-06-30      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| MEXICO CITY AIRPORT TRUST                                                        | MEXCAT 5.5 07/31/47 144A                                 | CUSIP: 59284MAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     255000 | PA      | $221773.50    | 0.26%             | 2047-07-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ECUADOR, REPUBLICA DEL - MINISTERIO DE FINANZAS Y CREDITO PUBLICO                | ECUA 9.25 01/29/39 144A                                  | CUSIP: 27927WAR3<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     240000 | PA      | $249000.00    | 0.30%             | 2039-01-29      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| SCOTIABANK PERU SAA                                                              | BNSPE V6.1 10/01/35 144A                                 | CUSIP: 80928HAB9<br>LEI: 5493001E54CPRG5J5Q41 | Long             | DBT              | CORP              | PE        |     200000 | PA      | $205500.00    | 0.24%             | 2035-10-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: —       |
| ORBIA ADVANCE CORP SAB DE CV                                                     | ORBIA 5.875 09/17/44 144A                                | CUSIP: 59284BAE8<br>LEI: 549300MVHZ20SBIOEQ79 | Long             | DBT              | CORP              | MX        |     200000 | PA      | $156607.00    | 0.19%             | 2044-09-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 0 12/31/27 144A                                   | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |       8516 | PA      | $17.03        | 0.00%             | 2027-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LIMA METRO LINE 2 FINANCE LTD                                                    | LIMAMT 5.875 07/05/34 144A                               | CUSIP: 532522AA7<br>LEI: 5493009BVQNQT1UKQ352 | Long             | DBT              | NUSS              | KY        |     178489 | PA      | $183593.21    | 0.22%             | 2034-07-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                       | USD/RON FORWARD                                          | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $2239.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                                                  | CDS REPUBLIC OF TURKIYE                                  | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |          1 | NC      | $30983.83     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                                                       | FMCN 8.625 06/01/31 144A                                 | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |     985000 | PA      | $1028293.71   | 1.22%             | 2031-06-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| EMBRAER NETHERLANDS FINANCE BV                                                   | EMBRBZ 5.98 02/11/35                                     | CUSIP: 29082HAE2<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |     310000 | PA      | $323368.75    | 0.38%             | 2035-02-11      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| SOCIEDAD DE TRANSMISION AUSTRAL SA                                               | STASCL 4 01/27/32 144A                                   | CUSIP: 83364AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |     455000 | PA      | $434209.27    | 0.51%             | 2032-01-27      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KASPI.KZ JSC                                                                     | JSCKSP 5.9 04/28/31 144A                                 | CUSIP: 48581RAA4<br>LEI: 2549003YU6FARG8OAZ13 | Long             | DBT              | CORP              | KZ        |     200000 | PA      | $199568.09    | 0.24%             | 2031-04-28      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL COMPANY                                                        | ARAMCO 5.875 07/17/64 144A                               | CUSIP: 80414L2Q7<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |     420000 | PA      | $396365.79    | 0.47%             | 2064-07-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 0 12/31/26 144A                                   | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |       6813 | PA      | $23.85        | 0.00%             | 2026-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MEXICO GENERADORA DE ENERGIA S. DE RL                                            | GMEXIB 5.5 12/06/32 144A                                 | CUSIP: 592838AA4<br>LEI: 635400GBINBYW1VUAD14 | Long             | DBT              | CORP              | MX        |     145494 | PA      | $146312.46    | 0.17%             | 2032-12-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY PEC SPA                                                        | CHIPEC 0 01/25/28 144A                                   | CUSIP: 168831AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |     869812 | PA      | $801097.07    | 0.95%             | 2028-01-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK                                                         | AFDB V5.875 PERP .                                       | CUSIP: 008281BK2<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | CI        |     200000 | PA      | $196161.04    | 0.23%             | N/A             | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ENGIE ENERGIA CHILE SA                                                           | ECLCI 6.375 04/17/34 144A                                | CUSIP: 29287TAB5<br>LEI: 5493000FIKCC3ZDWTO77 | Long             | DBT              | CORP              | CL        |     200000 | PA      | $210328.89    | 0.25%             | 2034-04-17      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                     | PEN/USD FORWARD                                          | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-2540.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE LTD                                                        | MPEL 7.625 04/17/32 144A                                 | CUSIP: 58547DAH2<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |     400000 | PA      | $412889.40    | 0.49%             | 2032-04-17      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                                                       | FMCN 8 03/01/33 144A                                     | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |     200000 | PA      | $210398.00    | 0.25%             | 2033-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                                                              | AVIAGP 9.625 02/14/30 144A                               | CUSIP: 05369YAA7<br>LEI: 213800AMPX5VKH9AMX10 | Long             | DBT              | CORP              | GB        |     220000 | PA      | $207542.50    | 0.25%             | 2030-02-14      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| PERU, REPUBLIC OF - DIRECCION GENERAL DE CREDITO PUBLICO                         | PERUGB 6.85 08/12/35                                     | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    2535000 | PA      | $754032.56    | 0.89%             | 2035-08-12      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| BBVA MEXICO SA TEXAS BRANCH                                                      | BBVASM V5.125 01/18/33 144A                              | CUSIP: 05533UAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     660000 | PA      | $649902.00    | 0.77%             | 2033-01-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| KIMBERLY CLARK DE MEXICO SAB DE CV                                               | KCMA 2.431 07/01/31 144A                                 | CUSIP: 494386AD7<br>LEI: 549300JGHL56QT00KT54 | Long             | DBT              | CORP              | MX        |     365000 | PA      | $332752.25    | 0.39%             | 2031-07-01      | Fixed         | 2.43%                 | No            |                  2 | On Loan: No      |
| CORPORACION FINANCIERA DE DESARROLLO SA                                          | COFIDE 5.5 05/06/30 144A                                 | CUSIP: 21987DAH7<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |     400000 | PA      | $409360.00    | 0.49%             | 2030-05-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO                 | MBONO 8 04/15/32 M                                       | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    4500000 | PA      | $246230.39    | 0.29%             | 2032-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 7.721 12/28/27 144A                               | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |       7837 | PA      | $156.74       | 0.00%             | 2027-12-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRUPO NUTRESA SA                                                                 | NUTRES V7.875 PERP 144A                                  | CUSIP: 40052JAA9<br>LEI: 254900KKAX7B7RJUE255 | Long             | DBT              | CORP              | CO        |     200000 | PA      | $200000.00    | 0.24%             | N/A             | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                       | USD/PEN FORWARD                                          | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-18687.26    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CIBANCO SA                                                                       | FISOMA 4.375 07/22/31 144A                               | CUSIP: 171653AA6<br>LEI: 549300BR2MJVB6M3AW91 | Long             | DBT              | CORP              | MX        |     440000 | PA      | $405302.52    | 0.48%             | 2031-07-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CONSORCIO TRANSMANTARO SA                                                        | TRANSM 4.7 04/16/34 144A                                 | CUSIP: 210314AB6<br>LEI: 549300NL65DC6HVEJX96 | Long             | DBT              | CORP              | PE        |     200000 | PA      | $194665.34    | 0.23%             | 2034-04-16      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                                   | TEVA 6.75 03/01/28                                       | CUSIP: 88167AAK7<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     295000 | PA      | $302766.47    | 0.36%             | 2028-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTERNATIONAL CELLULAR SA                                               | TIGO 5.125 01/15/28 144A                                 | CUSIP: 600814AN7<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |     315000 | PA      | $314229.67    | 0.37%             | 2028-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| EMIRATES SEMBCORP WATER AND POWER COMPANY PJSC                                   | ESCWPC 4.45 08/01/35 REGS                                | CUSIP: 000000000<br>LEI: 213800FF7EXWECXGTO26 | Long             | DBT              | CORP              | AE        |     210000 | PA      | $198754.48    | 0.24%             | 2035-08-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: —       |
| PR RNO PROPERTY OWNER 1 LLC                                                      | TRACTD 6.5 05/01/31 144A                                 | CUSIP: 69393LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     210000 | PA      | $208267.27    | 0.25%             | 2031-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VOLCAN COMPANIA MINERA SA                                                        | VOLCAN 8.5 10/28/32 144A                                 | CUSIP: 92863UAD8<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |     225000 | PA      | $232704.00    | 0.28%             | 2032-10-28      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| GUARA NORTE SARL                                                                 | GNFPSO 5.198 06/15/34 144A                               | CUSIP: 400666AA1<br>LEI: 549300U2I4L03BBA3485 | Long             | DBT              | CORP              | LU        |     158380 | PA      | $155811.56    | 0.18%             | 2034-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BIOCEANICO SOVEREIGN CERTIFICATE LTD                                             | PARCRT 0 06/05/34 144A                                   | CUSIP: 09076AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     285975 | PA      | $237816.86    | 0.28%             | 2034-06-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HUNT OIL CO OF PERU LLC PERU BRANCH                                              | HNTOIL 7.75 11/05/38 144a                                | CUSIP: 445640AD7<br>LEI: 549300SVO0550J3IKN50 | Long             | DBT              | CORP              | PE        |     400000 | PA      | $432200.00    | 0.51%             | 2038-11-05      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                     | USD/CHF FORWARD                                          | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |          1 | NC      | $11075.77     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| METINVEST BV                                                                     | METINV 7.75 10/17/29 144A                                | CUSIP: 591555AF4<br>LEI: 635400TMCKVEU87EJ582 | Long             | DBT              | CORP              | NL        |     200000 | PA      | $177427.88    | 0.21%             | 2029-10-17      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| INTERCORP PERU LTD                                                               | IFHBH 3.875 08/15/29 144A                                | CUSIP: 458652AB0<br>LEI: 549300L0OFVSOE4NSY75 | Long             | DBT              | CORP              | BS        |    1050000 | PA      | $1011407.25   | 1.20%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MEXICO CITY AIRPORT TRUST                                                        | MEXCAT 5.5 10/31/46 144A                                 | CUSIP: 59284MAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     200000 | PA      | $174385.98    | 0.21%             | 2046-10-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARGENTINA, REPUBLIC OF - SUBSECRETARIA DE FINANCIAMIENTO                         | ARGENT 4.125 07/09/35                                    | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     312000 | PA      | $233220.00    | 0.28%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| YACIMIENTOS PETROLIFEROS FISCALES SA                                             | YPFDAR 8.25 01/17/34 144A                                | CUSIP: 984245BB5<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |     220000 | PA      | $230476.29    | 0.27%             | 2034-01-17      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD (NEW)                                                            | IHS 8.25 11/29/31 144A                                   | CUSIP: 44963HAD7<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |     200000 | PA      | $209381.73    | 0.25%             | 2031-11-29      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DEL NORTE SA CAYMAN ISLANDS BRANCH                               | BANORT V8.375 PERP 144a                                  | CUSIP: 05971PAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     400000 | PA      | $423456.00    | 0.50%             | N/A             | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS SA DE CV                                                     | PEMEX 6.7 02/16/32                                       | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     810000 | PA      | $813146.85    | 0.96%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES FINANCE II PLC                                                 | VEDLN 10.25 06/03/28 144A                                | CUSIP: 92243XAJ0<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     270000 | PA      | $277192.00    | 0.33%             | 2028-06-03      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| PLUSPETROL CAMISEA SA / PLUSPETROL LOTE 56 SA                                    | PLUSCM 6.24 07/03/36 144A                                | CUSIP: 72941KAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |     420000 | PA      | $439889.10    | 0.52%             | 2036-07-03      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                     | USD/PEN FORWARD                                          | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |          1 | NC      | $11728.46     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LTD                                                        | SHIMAO 5.95 07/21/31 144A                                | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |      66736 | PA      | $2502.60      | 0.00%             | 2031-07-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTEGO BAY AIRPORT REVENUE FINANCE LTD                                          | MOAIRJ 6.6 06/15/35 144A                                 | CUSIP: 61238BAA9<br>LEI: 2549008BQQ5ON8H2UC19 | Long             | DBT              | CORP              | KY        |     200000 | PA      | $198796.00    | 0.24%             | 2035-06-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY INC                                              | AEP V6.05 03/15/56 D                                     | CUSIP: 02557TAF6<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |     100000 | PA      | $99729.33     | 0.12%             | 2056-03-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| ENERGO-PRO AS                                                                    | ENGPRO 8 05/27/30 144A                                   | CUSIP: 000000000<br>LEI: 315700IQCL9IX158RO36 | Long             | DBT              | CORP              | CZ        |     190000 | PA      | $233829.90    | 0.28%             | 2030-05-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GC TREASURY CENTER COMPANY LTD                                                   | PTTGC V7.125 PERP 144a                                   | CUSIP: 36830AAD9<br>LEI: 549300LUFQBC2EQNAR40 | Long             | DBT              | CORP              | TH        |     215000 | PA      | $213271.86    | 0.25%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ARCHROCK SERVICES LP / ARCHROCK PARTNERS FINANCE CORP                            | AROC 6 02/01/34 144A                                     | CUSIP: 03958CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     175000 | PA      | $176218.16    | 0.21%             | 2034-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PERU SA                                                     | BCP V5.8 03/10/35 144A                                   | CUSIP: 05971U2H9<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |     460000 | PA      | $462300.00    | 0.55%             | 2035-03-10      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| SOCIEDAD TRANSMISORA METROPOLITANA SA                                            | SOTMCL 6.385 12/15/55 144A                               | CUSIP: 83363UAA8<br>LEI: 549300LITZNRC4TB4848 | Long             | DBT              | CORP              | CL        |     210000 | PA      | $213675.00    | 0.25%             | 2055-12-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                                     | ECOPET 8.375 01/19/36                                    | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     160000 | PA      | $165943.05    | 0.20%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD (NEW)                                                            | IHS 7.875 05/29/30 144A                                  | CUSIP: 44963HAC9<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |     655000 | PA      | $676061.53    | 0.80%             | 2030-05-29      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                     | USD/IDR FORWARD                                          | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |          1 | NC      | $160.78       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| STILLWATER MINING COMPANY                                                        | SGLSJ 4 11/16/26 144A                                    | CUSIP: 86074QAP7<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |     240000 | PA      | $238324.47    | 0.28%             | 2026-11-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AI CANDELARIA (SPAIN) SA                                                         | AICNRA 7.5 12/15/28 144A                                 | CUSIP: 001355AA4<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | ES        |     266249 | PA      | $274261.27    | 0.32%             | 2028-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE LTD                                                        | MPEL 5.75 07/21/28 144A                                  | CUSIP: 58547DAE9<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |     200000 | PA      | $199086.19    | 0.24%             | 2028-07-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHUBUT, PROVINCE OF                                                              | CHUBUT 9.45 04/29/36 144A                                | CUSIP: 17127LAB1<br>LEI: 529900V5CYYSD8ADKQ03 | Long             | DBT              | NUSS              | AR        |     255000 | PA      | $263287.50    | 0.31%             | 2036-04-29      | Fixed         | 9.45%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 0 12/31/32 144A                                   | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      32134 | PA      | $38.56        | 0.00%             | 2032-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MTN (MAURITIUS) INVESTMENTS LTD                                                  | MTNSJ 6.5 10/13/26 144A                                  | CUSIP: 55377XAB2<br>LEI: 2549009PQD415OQIR074 | Long             | DBT              | CORP              | MU        |     200000 | PA      | $200728.85    | 0.24%             | 2026-10-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| PERU, REPUBLIC OF - DIRECCION GENERAL DE CREDITO PUBLICO                         | PERUGB 6.15 08/12/32                                     | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     935000 | PA      | $277681.92    | 0.33%             | 2032-08-12      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| CORPORACION INMOBILIARIA VESTA SAB DE CV                                         | VESTA 5.5 01/30/33 144A                                  | CUSIP: 21989DAB8<br>LEI: 4469000001BIRIFZJ959 | Long             | DBT              | CORP              | MX        |     435000 | PA      | $433751.55    | 0.51%             | 2033-01-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COUNTRY GARDEN HOLDINGS COMPANY LTD                                              | COUNTRY GARDEN HOLDINGS COMPANY LTD HKD0.10              | CUSIP: 000000000<br>LEI: 549300MGHLPT1EFHGF84 | Long             | EC               | CORP              | KY        |       2400 | NS      | $89.66        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PAYDEN & RYGEL INVESTMENT GROUP (THE)                                            | Payden Cash Reserves Money Market Fund                   | CUSIP: 704329598<br>LEI: 549300QJNYRKYZS3P282 | Long             | STIV             | RF                | US        |    3693737 | NS      | $3693736.79   | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE                                       | ROMGB 8 04/29/30 7Y                                      | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    1130000 | PA      | $264380.65    | 0.31%             | 2030-04-29      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 0 12/31/31 144A                                   | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      17033 | PA      | $20.44        | 0.00%             | 2031-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LIMAK ISKENDERUN ULUSLARARASI LIMAN ISLETMECILIGI AS                             | LIMISK 9.5 07/10/36 144A                                 | CUSIP: 53263TAA5<br>LEI: 5299001DUZ9PI7TCRC47 | Long             | DBT              | CORP              | TR        |     385900 | PA      | $390870.59    | 0.46%             | 2036-07-10      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS SA DE CV                                                     | PEMEX 6.5 03/13/27                                       | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     365000 | PA      | $369060.63    | 0.44%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO E INVERSIONES SA                                                | BCICI V8.75 PERP 144A                                    | CUSIP: 05890MAC7<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |     340000 | PA      | $365357.20    | 0.43%             | N/A             | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| EL PUERTO DE LIVERPOOL SAB DE CV                                                 | LIVEPL 6.255 01/22/32 144A                               | CUSIP: 283837AC6<br>LEI: 4469000001BO4JEXZL32 | Long             | DBT              | CORP              | MX        |     425000 | PA      | $446820.78    | 0.53%             | 2032-01-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NAVOI MINING AND METALLURGICAL CO JSC                                            | NAVOIM 6.7 10/17/28 144A                                 | CUSIP: 63890CAA2<br>LEI: 213800YLNAGERZ4C3M60 | Long             | DBT              | CORP              | UZ        |     200000 | PA      | $205751.53    | 0.24%             | 2028-10-17      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| WINDFALL MINING GROUP INC                                                        | GFISJ 5.854 05/13/32 REGS                                | CUSIP: 000000000<br>LEI: 984500E4L49391BFF948 | Long             | DBT              | CORP              | CA        |     200000 | PA      | $207406.91    | 0.25%             | 2032-05-13      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| MINEJESA CAPITAL BV                                                              | MINCAP 4.625 08/10/30 144A                               | CUSIP: 602736AA8<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |     327745 | PA      | $323759.72    | 0.38%             | 2030-08-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| HOTWIRE FUNDING LLC                                                              | HWIRE 2024-1A C                                          | CUSIP: 44148JAM1<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |     750000 | PA      | $776779.65    | 0.92%             | 2054-06-20      | Fixed         | 9.19%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX MPC II SARL                                                | CHLMPC 5.58 10/20/35 144A                                | CUSIP: 16882LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     215051 | PA      | $219997.28    | 0.26%             | 2035-10-20      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| POWER FINANCE CORP LTD                                                           | POWFIN 3.9 09/16/29                                      | CUSIP: 000000000<br>LEI: 3358003Q6D9LIJJZ1614 | Long             | DBT              | CORP              | IN        |     290000 | PA      | $281620.89    | 0.33%             | 2029-09-16      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 7.25 12/28/32 144A                                | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      32780 | PA      | $655.60       | 0.00%             | 2032-12-28      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VARANASI AURANGABAD NH-2 TOLLWAY PRIVATE LTD                                     | VARNSI 5.9 02/28/34 144A                                 | CUSIP: 92213HAA0<br>LEI: 335800WU93PC1E28MY29 | Long             | DBT              | CORP              | IN        |     398000 | PA      | $409795.00    | 0.49%             | 2034-02-28      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| BOTHE WINDFARM DEVELOPMENT PRIVATE LTD                                           | CGRNEG 7.5 06/26/33 144A                                 | CUSIP: 89629LAA5<br>LEI: 335800A71UZ8CXGYVD07 | Long             | DBT              | CORP              | IN        |     522116 | PA      | $540390.62    | 0.64%             | 2033-06-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                                                          | RILIN 3.667 11/30/27 144A                                | CUSIP: 759470AX5<br>LEI: 5493003UOETFYRONLG31 | Long             | DBT              | CORP              | IN        |     250000 | PA      | $246734.48    | 0.29%             | 2027-11-30      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| STICHTING ADMINISTRATIEKANT NPV ADR                                              | STICHTING ADMINISTRATIEKANT NPV ADR                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        355 | NS      | $3.55         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MELCO RESORTS FINANCE LTD                                                        | MPEL 5.375 12/04/29 144A                                 | CUSIP: 58547DAD1<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |     200000 | PA      | $195513.49    | 0.23%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GREENKO POWER II LTD                                                             | GRNKEN 4.3 12/13/28 144A                                 | CUSIP: 39530MAA6<br>LEI: 254900YYA4B6O2O4JM12 | Long             | DBT              | CORP              | MU        |     501600 | PA      | $479696.96    | 0.57%             | 2028-12-13      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES FINANCE II PLC                                                 | VEDLN 10.875 09/17/29 144A                               | CUSIP: 92243XAH4<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $212626.79    | 0.25%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS SA DE CV                                                     | PEMEX 6.625 06/15/38                                     | CUSIP: 706451BR1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     535000 | PA      | $496677.95    | 0.59%             | 2038-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MEXICO CITY AIRPORT TRUST                                                        | MEXCAT 4.25 10/31/26 144A                                | CUSIP: 59284MAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     720000 | PA      | $719838.00    | 0.85%             | 2026-10-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AES ANDES SA                                                                     | AES 6.3 03/15/29 144A                                    | CUSIP: 00111VAA5<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |     605000 | PA      | $621428.78    | 0.74%             | 2029-03-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| BRF SA                                                                           | BRFSBZ 5.75 09/21/50 144A                                | CUSIP: 10552TAH0<br>LEI: 254900MTXR9LUVQFU480 | Long             | DBT              | CORP              | BR        |     365000 | PA      | $296316.89    | 0.35%             | 2050-09-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                                                         | MEXPCP 5.5 08/17/30 144A                                 | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | CORP              | LU        |     250000 | PA      | $252237.50    | 0.30%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INDUSTRIAS PENOLES SAB DE CV                                                     | PENOMX 5.65 09/12/49 144A                                | CUSIP: 456472AC3<br>LEI: 549300WA2HB7776CB324 | Long             | DBT              | CORP              | MX        |     230000 | PA      | $213625.15    | 0.25%             | 2049-09-12      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                     | USD/ZAR FORWARD                                          | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |          1 | NC      | $1375.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                                                   | WYNMAC 6.75 02/15/34 144A                                | CUSIP: 98313RAL0<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |     810000 | PA      | $812486.12    | 0.96%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HUNGARY, REPUBLIC OF - MINISTRY OF FINANCE                                       | HGB 7 10/24/35 35/A                                      | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |  122900000 | PA      | $425474.52    | 0.50%             | 2035-10-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD                                                                | KOS 8.75 10/01/31 144A                                   | CUSIP: 500688AJ5<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |     315000 | PA      | $291299.40    | 0.35%             | 2031-10-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| TIERRA MOJADA LUXEMBOURG II SARL                                                 | TIEMOD 5.75 12/01/40 144A                                | CUSIP: 30260LAA3<br>LEI: 254900H2U8PBIY32VI94 | Long             | DBT              | CORP              | LU        |     468098 | PA      | $464329.84    | 0.55%             | 2040-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CZECHOSLOVAK GROUP AS                                                            | CZGRPA 6.5 01/10/31 144A                                 | CUSIP: 000000000<br>LEI: 315700SWFD7G70AVG768 | Long             | DBT              | CORP              | CZ        |     400000 | PA      | $411742.92    | 0.49%             | 2031-01-10      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EIG PEARL HOLDINGS SARL                                                          | EIGPRL 4.387 11/30/46 REGS                               | CUSIP: 000000000<br>LEI: 549300KIMRL45BWA5H76 | Long             | DBT              | CORP              | LU        |     200000 | PA      | $164596.88    | 0.20%             | 2046-11-30      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| AZUL SA                                                                          | AZUL SA SPONSORED ADS                                    | CUSIP: 05501U502<br>LEI: 549300Z0MWZ57Q9RR205 | Long             | EC               | CORP              | BR        |      16958 | NS      | $144143.00    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| UNIGEL LUXEMBOURG SA                                                             | UNIGEL 11 12/31/28 144A                                  | CUSIP: 904752AD4<br>LEI: 213800Y16R77O7LH7X62 | Long             | DBT              | CORP              | LU        |     114458 | PA      | $3433.74      | 0.00%             | 2028-12-31      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2025-BCAT                                           | BX 2025-BCAT D                                           | CUSIP: 12433HAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     188573 | PA      | $189606.50    | 0.22%             | 2042-08-15      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTERNATIONAL CELLULAR SA                                               | TIGO 7.375 04/02/32 144A                                 | CUSIP: 600814AS6<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |     200000 | PA      | $207101.00    | 0.25%             | 2032-04-02      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES, LLC                                                      | USD/EUR FORWARD                                          | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DFE              | CORP              | US        |          1 | NC      | $9123.35      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DEL NORTE SA CAYMAN ISLANDS BRANCH                               | BANORT V5.875 PERP 144a                                  | CUSIP: 05973KAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     520000 | PA      | $520526.19    | 0.62%             | N/A             | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GREENKO WIND PROJECTS (MAURITIUS) LTD                                            | GRNKEN 7.25 09/27/28 144A                                | CUSIP: 39531JAB0<br>LEI: 254900MSUXE1FF83DP82 | Long             | DBT              | CORP              | MU        |     197000 | PA      | $198960.23    | 0.24%             | 2028-09-27      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARGENTARIA SA                                               | BBVASM 4.15 03/03/29                                     | CUSIP: 05946KAT8<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |     200000 | PA      | $197714.86    | 0.23%             | 2029-03-03      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| ARIS MINING CORP                                                                 | ARISCN 8 10/31/29 144A                                   | CUSIP: 04040YAB5<br>LEI: 5493001GJ5TILX6L1F82 | Long             | DBT              | CORP              | CA        |     550000 | PA      | $569558.39    | 0.67%             | 2029-10-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 0 12/31/30 .                                      | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      17033 | PA      | $20.44        | 0.00%             | 2030-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                                              | MUTHIN 7.125 02/14/28 144A                               | CUSIP: 62828L2C6<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |     210000 | PA      | $213648.70    | 0.25%             | 2028-02-14      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| INDUSTRIAS PENOLES SAB DE CV                                                     | PENOMX 4.15 09/12/29 144A                                | CUSIP: 456472AB5<br>LEI: 549300WA2HB7776CB324 | Long             | DBT              | CORP              | MX        |     240000 | PA      | $235582.75    | 0.28%             | 2029-09-12      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| PAMPA ENERGIA SA                                                                 | PAMPAR 7.875 12/16/34 144A                               | CUSIP: 697660AF5<br>LEI: 254900QNIK0CVURGML24 | Long             | DBT              | CORP              | AR        |     210000 | PA      | $220321.50    | 0.26%             | 2034-12-16      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 6.5 12/28/29 144A                                 | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      19181 | PA      | $311.69       | 0.00%             | 2029-12-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO                 | MBONO 7.75 11/13/42 M                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    7430000 | PA      | $357338.85    | 0.42%             | 2042-11-13      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES, LLC                                                      | USD/EUR FORWARD                                          | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-13207.67    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CENTRAL AMERICAN BOTTLING CORP                                                   | CAMEBO 5.25 04/27/29 144A                                | CUSIP: 15239XAA6<br>LEI: 549300DT8SH0CF6BTT37 | Long             | DBT              | CORP              | VG        |    1335000 | PA      | $1320589.74   | 1.56%             | 2029-04-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DHAFRAH PV2 ENERGY COMPANY LLC                                                   | DHAENE 5.794 06/30/53 144A                               | CUSIP: 25241MAA5<br>LEI: 529900AHXZA1YRZN9C67 | Long             | DBT              | CORP              | AE        |     440000 | PA      | $435224.61    | 0.52%             | 2053-06-30      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| ACWA POWER MANAGEMENT & INVESTMENTS ONE LTD                                      | INTLWT 5.95 12/15/39 144A                                | CUSIP: 005117AA4<br>LEI: 635400M3OWQGQBZOYO38 | Long             | DBT              | CORP              | AE        |     366885 | PA      | $368910.57    | 0.44%             | 2039-12-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| YINSON BERGENIA PRODUCTION BV                                                    | YPMQBR 8.498 01/31/45 144A                               | CUSIP: 98585VAA6<br>LEI: 549300JDIAWKPMZD5256 | Long             | DBT              | CORP              | NL        |     197340 | PA      | $211747.20    | 0.25%             | 2045-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL                  | BLTN 0 07/01/26 LTN                                      | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    2700000 | PA      | $533496.07    | 0.63%             | 2026-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE SA                                                          | RAIZBZ 6.7 02/25/37 144A                                 | CUSIP: 75102XAE6<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |     200000 | PA      | $108875.00    | 0.13%             | 2037-02-25      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| GDZ ELEKTRIK DAGITIM AS                                                          | GDZELE 9 10/15/29 144A                                   | CUSIP: 36270TAA1<br>LEI: 984500B63B5766038A64 | Long             | DBT              | CORP              | TR        |     500000 | PA      | $486095.05    | 0.58%             | 2029-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SHRIRAM FINANCE LTD                                                              | SHFLIN 6.625 04/22/27 144A                               | CUSIP: 82556FAA0<br>LEI: 335800TM2YO24B76XL26 | Long             | DBT              | CORP              | IN        |     250000 | PA      | $253923.72    | 0.30%             | 2027-04-22      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| UZBEK INDUSTRIAL AND CONSTRUCTION BANK JSCB                                      | SQBNZU 8.95 07/24/29 144A                                | CUSIP: 917935AA6<br>LEI: 213800C2NIFPFTXYIU69 | Long             | DBT              | CORP              | UZ        |     400000 | PA      | $433312.49    | 0.51%             | 2029-07-24      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                                | HSBC V7.05 PERP                                          | CUSIP: 404280FA2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $205895.60    | 0.24%             | N/A             | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                         | PEN/USD FORWARD                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-10728.50    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                                   | BRASKM 4.5 01/31/30 144A                                 | CUSIP: 10554TAD7<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    1530000 | PA      | $905622.30    | 1.07%             | 2030-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 0 12/31/29 144A                                   | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      13626 | PA      | $17.03        | 0.00%             | 2029-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| .NGOMO 09/08/26 0                                                                | .NGOMO 09/08/26 0                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | NG        | 1106000000 | PA      | $747328.80    | 0.89%             | 2026-09-08      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AZUL SA                                                                          | AZUL SA SPONSORED ADS                                    | CUSIP: 05501U601<br>LEI: 549300Z0MWZ57Q9RR205 | Long             | EC               | CORP              | BR        |       5489 | NS      | $46656.50     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| DIGICEL INTERNATIONAL FINANCE LTD                                                | DIGDIF 8.625 08/01/32 144A                               | CUSIP: 25381MAA5<br>LEI: 5493007V023VOEW4FK27 | Long             | DBT              | CORP              | BM        |     600000 | PA      | $624627.60    | 0.74%             | 2032-08-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| COLOMBIA TELECOMUNICACIONES SA ESP                                               | COLTEL 4.95 07/17/30 144A                                | CUSIP: 19533PAC4<br>LEI: 549300CK4YN0V1C3MN55 | Long             | DBT              | CORP              | CO        |     740000 | PA      | $694989.50    | 0.82%             | 2030-07-17      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MARB BONDCO PLC                                                                  | MRFGBZ 3.95 01/29/31 144A                                | CUSIP: 566007AC4<br>LEI: 254900PVA1EU6QM1JN57 | Long             | DBT              | CORP              | GB        |     425000 | PA      | $381185.14    | 0.45%             | 2031-01-29      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| COTE D'IVOIRE, REPUBLIC OF                                                       | IVYCST 8.075 04/01/36 144A                               | CUSIP: 221625AV8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     215000 | PA      | $228865.98    | 0.27%             | 2036-04-01      | Fixed         | 8.07%                 | No            |                  2 | On Loan: No      |
| FIDEICOMISO IRREVOCABLE 1721 BANCO ACTINVER SA                                   | FIBRAP 5.5 11/26/35 144A                                 | CUSIP: 31575KAA3<br>LEI: 549300JMTSVQ6LKX5222 | Long             | DBT              | CORP              | MX        |     550000 | PA      | $543083.66    | 0.64%             | 2035-11-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| PROSUS NV                                                                        | PRXNA 4.027 08/03/50 144A                                | CUSIP: 74365PAD0<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |     415000 | PA      | $287331.74    | 0.34%             | 2050-08-03      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                       | EUR/USD FORWARD                                          | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-651.62      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OAK STREET INVESTMENT GRADE NET LEASE FUND SERIES 2020-1 LLC                     | OAKIG 2020-1A B1                                         | CUSIP: 67181DAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $57500.13     | 0.07%             | 2050-11-20      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PERU SA                                                     | BCP V5.65 01/15/37 144A                                  | CUSIP: 05971U2K2<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |     305000 | PA      | $303551.25    | 0.36%             | 2037-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                                                            | BEEFBZ 7.5 04/22/36 144A                                 | CUSIP: 603374AK5<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |     200000 | PA      | $196856.00    | 0.23%             | 2036-04-22      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NEXT PROPERTIES (TRUST 2401)                                                     | NEXTPR 7.375 02/13/34 144A                               | CUSIP: 89834MAC0<br>LEI: 254900QDKZ8ZURT6FD83 | Long             | DBT              | CORP              | MX        |     200000 | PA      | $217634.00    | 0.26%             | 2034-02-13      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISA GROUP HOLDINGS LTD HKD0.10                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | EC               | CORP              | KY        |      18826 | NS      | $184.30       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LTD                                                        | SHIMAO GROUP HOLDINGS LTD HKD0.10                        | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | EC               | CORP              | KY        |     214060 | NS      | $4564.64      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE COMPANY LLC                                          | TEVA 6.15 02/01/36                                       | CUSIP: 88163VAD1<br>LEI: 5493006PITD7MU7WW480 | Long             | DBT              | CORP              | US        |     150000 | PA      | $157300.28    | 0.19%             | 2036-02-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Digicel International Finance Ltd                                                | DIGICEL INTERNATIONAL FINANCE LTD                        | CUSIP: 000000000<br>LEI: 5493007V023VOEW4FK27 | Long             | LON              | CORP              | BM        |     235312 | PA      | $236071.85    | 0.28%             | 2032-08-06      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| ARAGVI FINANCE INTERNATIONAL DAC                                                 | ARAGVI 11.125 11/20/29 144A                              | CUSIP: 03851RAC8<br>LEI: 635400VKAYT1VT6VBF50 | Long             | DBT              | CORP              | IE        |     200000 | PA      | $194446.70    | 0.23%             | 2029-11-20      | Fixed         | 11.12%                | No            |                  2 | On Loan: No      |
| ENQUEST PLC                                                                      | ENQLN 9.875 04/30/31 144A                                | CUSIP: 29357JAF3<br>LEI: 2138008LJU6WFQWOXJ73 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $206695.22    | 0.24%             | 2031-04-30      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                           | 10-Year T-Note Futures, Jun-2026,ETH                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -17 | NC      | $37108.31     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CEMEX-CEMENTOS MEXICANOS SAB DE CV                                               | CEMEX V7.2 PERP 144A                                     | CUSIP: 151290CC5<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |     500000 | PA      | $518380.00    | 0.61%             | N/A             | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| SABLE INTERNATIONAL FINANCE LTD                                                  | CWCLN 7.125 10/15/32 144A                                | CUSIP: 785712AK6<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |     560000 | PA      | $559122.11    | 0.66%             | 2032-10-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| NAVOIYURAN STATE ENTERPRISE                                                      | NAVYUR 6.7 07/02/30 144A                                 | CUSIP: 85679AAA6<br>LEI: 254900ACNT2MA4KNLL55 | Long             | DBT              | NUSS              | UZ        |     200000 | PA      | $204725.88    | 0.24%             | 2030-07-02      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS SA DE CV                                                     | PEMEX 5.95 01/28/31                                      | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     200000 | PA      | $195791.00    | 0.23%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                                                | Venture Global Calcasieu Pass Term Loan B 325 2033-03-28 | CUSIP: 12867PAB7<br>LEI: 549300GKHS6RS20NLH85 | Long             | LON              | CORP              | US        |     100000 | PA      | $100437.50    | 0.12%             | 2033-04-11      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| GRUPO ENERGIA BOGOTA SA                                                          | GEBCB 5.75 10/22/35 144A                                 | CUSIP: 40053XAC3<br>LEI: 529900LG618OWYVHI655 | Long             | DBT              | CORP              | CO        |     440000 | PA      | $429825.00    | 0.51%             | 2035-10-22      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ORAZUL ENERGY PERU SA                                                            | ORSAPE 6.25 09/17/32 144A                                | CUSIP: 685948AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |     525000 | PA      | $530499.97    | 0.63%             | 2032-09-17      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SAEL LTD                                                                         | SAELLT 7.8 07/31/31 144A                                 | CUSIP: 78637MAA6<br>LEI: 335800MZQ5VPQKTJ3251 | Long             | DBT              | CORP              | IN        |     570969 | PA      | $584739.84    | 0.69%             | 2031-07-31      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PERU SA                                                     | BCP V6.45 07/30/35 144A                                  | CUSIP: 05971U2J5<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |     545000 | PA      | $558232.60    | 0.66%             | 2035-07-30      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| MARCOBRE SAC                                                                     | MARSAC 5.75 01/22/36 144A                                | CUSIP: 56625AAA2<br>LEI: 254900BORIUZFCM1XB72 | Long             | DBT              | CORP              | PE        |     585000 | PA      | $577248.75    | 0.68%             | 2036-01-22      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                       | USD/MXN FORWARD                                          | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-13638.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| FRESNILLO PLC                                                                    | FRESLN 4.25 10/02/50 144A                                | CUSIP: 358070AB6<br>LEI: 549300JXWH1UV5J0XV81 | Long             | DBT              | CORP              | GB        |     295000 | PA      | $229421.91    | 0.27%             | 2050-10-02      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BANCO BBVA PERU' SA                                                              | BCOCPE V6.2 06/07/34 144A                                | CUSIP: 058950AA4<br>LEI: 549300H1JNU0HLNFU552 | Long             | DBT              | CORP              | PE        |     280000 | PA      | $289201.92    | 0.34%             | 2034-06-07      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| RENEW PRIVATE LTD                                                                | RPVIN 5.875 03/05/27 144A                                | CUSIP: 75975AAA8<br>LEI: 335800BITJZHVZ1CN475 | Long             | DBT              | CORP              | IN        |     465000 | PA      | $463675.94    | 0.55%             | 2027-03-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ENERGUATE TRUST 2.0                                                              | EGUATE 6.35 09/15/35 144A                                | CUSIP: 29277RAB1<br>LEI: 2549000ZL9MU01FZK194 | Long             | DBT              | CORP              | KY        |     725000 | PA      | $727645.94    | 0.86%             | 2035-09-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| YACIMIENTOS PETROLIFEROS FISCALES SA                                             | YPFDAR 9.5 01/17/31 144A                                 | CUSIP: 984245AX8<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |     225000 | PA      | $240413.63    | 0.28%             | 2031-01-17      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                                              | MUTHIN 5.75 08/04/30 144A                                | CUSIP: 62828L2F9<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |     200000 | PA      | $198486.46    | 0.24%             | 2030-08-04      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                                                          | RILIN 3.625 01/12/52 144A                                | CUSIP: 759470BD8<br>LEI: 5493003UOETFYRONLG31 | Long             | DBT              | CORP              | IN        |     250000 | PA      | $178182.82    | 0.21%             | 2052-01-12      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| STAR ENERGY GEOTHERMAL DARAJAT II LTD                                            | STENGE 4.85 10/14/38 144A                                | CUSIP: 85513LAB0<br>LEI: 254900A5FGTHUYFJ7K08 | Long             | DBT              | CORP              | BM        |     260000 | PA      | $246098.25    | 0.29%             | 2038-10-14      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| THREELANDS ENERGY LTD SARL                                                       | THREEL 7.45 10/20/35 144A                                | CUSIP: 88580LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     675000 | PA      | $691976.25    | 0.82%             | 2035-10-20      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| C&W SENIOR FINANCE LTD                                                           | CWCFIN 9 01/15/33 144A                                   | CUSIP: 12665MAA0<br>LEI: 213800CG16G1YMJRCG10 | Long             | DBT              | CORP              | KY        |     200000 | PA      | $205137.13    | 0.24%             | 2033-01-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-22

**Name of Applicant:** PAYDEN & RYGEL INVESTMENT GROUP

**Signature:** Sandi Brents

**Name of Signer:** Sandi Brents

**Title:** Compliance Officer