# EDGAR Filing Document

**Accession Number:** 0001388141
**File Stem:** 0001752724-23-073148
**Filing Date:** 2023-3
**Character Count:** 133697
**Document Hash:** 7b728181dd2fb55226d795e2848703a3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-073148.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001752724-23-073148

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
- **CENTRAL INDEX KEY:** 0001388141
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22011
- **FILM NUMBER:** 23777642

**BUSINESS ADDRESS:**
- **STREET 1:** 522 FIFTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 800-869-6397

**MAIL ADDRESS:**
- **STREET 1:** 522 FIFTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

## Nport-Ex

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.

Portfolio of Investments

First Quarter Report

January 31, 2023 (unaudited)

*(Showing Percentage of Total Value of Investments)* 

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<br> (000)** | **Value<br> (000)** |
| **FIXED INCOME SECURITIES (96.6%)** | | |
| **Argentina (0.1%)** | | |
| **Corporate Bond (0.1%)** | | |
| Provincia de Cordoba, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 12/10/25 | $451 | $391 |
| **Armenia (0.6%)** |  |  |
| **Sovereign (0.6%)** |  |  |
| Republic of Armenia International Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.15%, 3/26/25 | 2532 | 2574 |
| **Benin (0.1%)** |  |  |
| **Sovereign (0.1%)** |  |  |
| Benin Government International Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 3/26/26 | 204 | 218 |
| **Bolivia (0.4%)** |  |  |
| **Sovereign (0.4%)** |  |  |
| Bolivian Government International Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 8/22/23 | $1512 | 1474 |
| **Brazil (8.5%)** |  |  |
| **Sovereign (8.5%)** |  |  |
| Brazil Notas do Tesouro Nacional, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series F, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;10.00%, 1/1/25 – 1/1/27 | 187850 | 35226 |
| **Chile (2.0%)** |  |  |
| **Sovereign (2.0%)** |  |  |
| Bonos de la Tesoreria de la Republica en pesos, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 3/1/23 (a) | 6600000 | 8299 |
| **Colombia (3.9%)** |  |  |
| **Corporate Bond (0.2%)** |  |  |
| Fideicomiso PA Costera, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 1/15/34 (a) | 4979415 | 978 |
| **Sovereign (3.7%)** |  |  |
| Colombia Government International Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.85%, 6/28/27 | 1466000 | 287 |
| Colombian TES, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 11/3/27 | 27338000 | 4589 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 4/28/28 | 12982000 | 2158 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.00%, 3/26/31 – 6/30/32 | 18879000 | 2946 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.75%, 9/18/30 | 6916000 | 1169 |
| Financiera de Desarrollo Territorial SA Findeter, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.88%, 8/12/24 (a) | 20551000 | 4035 |
|  |  | 15184 |
|  |  | 16162 |

---

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.

Portfolio of Investments

First Quarter Report

January 31, 2023 (unaudited)(cont'd)

*(Showing Percentage of Total Value of Investments)*

---

| | | |
|:---|:---|:---|
| **Czech Republic (5.0%)** |  |  |
| **Sovereign (5.0%)** |  |  |
| Czech Republic Government Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.45%, 10/25/23 | 155000.0 | 6783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.20%, 3/13/31 | 57320.0 | 2018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 10/13/33 | 87240.0 | 3129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 7/23/29 | 214430.0 | 8729 |
|  |  | 20659 |
| **Dominican Republic (6.4%)** |  |  |
| **Sovereign (6.4%)** |  |  |
| Dominican Republic International Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 1/15/27 – 3/12/27(a) | 129000.0 | 1911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.90%, 2/15/23 (a) | 188800.0 | 3331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 6/5/26 (a) | 224000.0 | 3750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.00%, 8/8/25 – 10/3/25(a) | 440580.0 | 7302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.75%, 9/23/29 (a) | 357200.0 | 6420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13.00%, 12/5/25 | 97000.0 | 1604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13.63%, 2/3/33 | 136000.0 | 2396 |
|  |  | 26714 |
| **Ecuador (0.2%)** |  |  |
| **Sovereign (0.2%)** |  |  |
| Ecuador Government International Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 7/31/40 (b) | $1985.0 | 843 |
| **Honduras (0.0%) (c)** |  |  |
| **Sovereign (0.0%) (c)** |  |  |
| Honduras Government International Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 3/15/24 | 185.0 | 184 |
| **Hungary (3.9%)** |  |  |
| **Sovereign (3.9%)** |  |  |
| Hungary Government Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/27/27 | 1387460.0 | 2987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 10/22/31 | 375640.0 | 742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 6/24/25 | 922750.0 | 2270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 11/24/23 | 3900000.0 | 10214 |
|  |  | 16213 |
| **Indonesia (10.2%)** |  |  |
| **Sovereign (10.2%)** |  |  |
| Indonesia Treasury Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 6/15/25 – 2/15/31 | 218206000.0 | 14536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 9/15/30 | 20194000.0 | 1375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 6/15/42 – 6/15/43 | 151601000.0 | 10334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 5/15/48 | 10528000.0 | 720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 6/15/35 | 83000000.0 | 5837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 4/15/39 | 65600000.0 | 4963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 5/15/31 | 58978000.0 | 4455 |
|  |  | 42220 |

---

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.

Portfolio of Investments

First Quarter Report

January 31, 2023 (unaudited)(cont'd)

*(Showing Percentage of Total Value of Investments)*

---

| | | |
|:---|:---|:---|
| **Iraq (0.4%)** |  |  |
| **Sovereign (0.4%)** |  |  |
| Iraq International Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 3/9/23 | $1800.0 | 1800 |
| **Ivory Coast (0.3%)** |  |  |
| **Sovereign (0.3%)** |  |  |
| Ivory Coast Government International Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 6/15/25 | 1079.0 | 1138 |
| **Jordan (0.6%)** |  |  |
| **Sovereign (0.6%)** |  |  |
| Jordan Government International Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 7/7/25 | $2735.0 | 2657 |
| **Macedonia (0.5%)** |  |  |
| **Sovereign (0.5%)** |  |  |
| North Macedonia Government International Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 1/18/25 | 585.0 | 598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.68%, 6/3/26 | 140.0 | 142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 7/26/23 | 1089.0 | 1186 |
|  |  | 1926 |
| **Malaysia (4.0%)** |  |  |
| **Sovereign (4.0%)** |  |  |
| Malaysia Government Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.76%, 5/22/40 | 2100.0 | 468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 3/14/25 | 30800.0 | 7290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.23%, 6/30/31 | 37167.0 | 8959 |
|  |  | 16717 |
| **Mexico (10.1%)** |  |  |
| **Corporate Bonds (0.8%)** |  |  |
| Petroleos Mexicanos, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 1/15/25 | $1850.0 | 1773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 10/16/25 | 1720.0 | 1725 |
|  |  | 3498 |
| **Sovereign (9.3%)** |  |  |
| Mexican Bonos, |  |  |
| Series M |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.50%, 6/3/27 | 147957.0 | 7477 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.75%, 5/29/31 | 378709.0 | 19029 |
| &nbsp;&nbsp;&nbsp;&nbsp;8.00%, 12/7/23 | 113400.0 | 5889 |
| &nbsp;&nbsp;&nbsp;&nbsp;8.50%, 5/31/29 – 11/18/38 | 116015.0 | 6098 |
|  |  | 38493 |
|  |  | 41991 |
| **Peru (4.3%)** |  |  |
| **Sovereign (4.3%)** |  |  |
| Corp. Financiera de Desarrollo SA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 7/15/29 | $1780.0 | 1728 |

---

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.

Portfolio of Investments

First Quarter Report

January 31, 2023 (unaudited)(cont'd)

*(Showing Percentage of Total Value of Investments)*

---

| | | |
|:---|:---|:---|
| Peru Government Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 8/12/34 | 3376.0 | 702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.94%, 2/12/29 | 1570.0 | 371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 8/12/32 | 55980.0 | 12747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 8/12/28 | 10000.0 | 2440 |
|  |  | 17988 |
| **Poland (4.3%)** |  |  |
| **Sovereign (4.3%)** |  |  |
| Republic of Poland Government Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.25%, 10/25/26 | 5420.0 | 1019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 7/25/27 | 39077.0 | 7831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 7/25/25 | 40563.0 | 8779 |
|  |  | 17629 |
| **Romania (4.3%)** |  |  |
| **Sovereign (4.3%)** |  |  |
| Romania Government Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 10/25/27 | 31700.0 | 5707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 2/24/25 – 10/11/34 | 41875.0 | 8242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 7/26/27 | 9410.0 | 1965 |
| Romanian Government International Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 2/27/27 | $1950.0 | 1773 |
|  |  | 17687 |
| **Serbia (3.6%)** |  |  |
| **Sovereign (3.6%)** |  |  |
| Serbia Treasury Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 1/11/26 – 8/20/32 | 1542790.0 | 12503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 2/8/28 | 268050.0 | 2453 |
|  |  | 14956 |
| **South Africa (10.9%)** |  |  |
| **Sovereign (10.9%)** |  |  |
| Republic of South Africa Government Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 1/31/44 | 477328.0 | 21662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 1/31/40 | 343230.0 | 16284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 12/21/26 | 113100.0 | 7020 |
|  |  | 44966 |
| **Suriname (0.3%)** |  |  |
| **Sovereign (0.3%)** |  |  |
| Suriname Government International Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 10/26/26 | $1646.0 | 1305 |
| **Thailand (5.8%)** |  |  |
| **Sovereign (5.8%)** |  |  |
| Thailand Government Bond, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.59%, 12/17/35 | 70000.0 | 1855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.60%, 12/17/29 – 6/17/35 | 290700.0 | 8377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 6/17/49 | 50000.0 | 1148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 6/17/42 | 226000.0 | 5837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 6/17/38 | 50000.0 | 1580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 6/20/31 | 100000.0 | 3311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 6/22/29 | 50000.0 | 1757 |
|  |  | 23865 |

---

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.

Portfolio of Investments

First Quarter Report

January 31, 2023 (unaudited)(cont'd)

*(Showing Percentage of Total Value of Investments)*

---

| | | |
|:---|:---|:---|
| **Uruguay (3.3%)** |  |  |
| **Sovereign (3.3%)** |  |  |
| Uruguay Government International Bond, |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 7/2/40 | 353418.0 | 9805 |
| &nbsp;&nbsp;&nbsp; 8.50%, 3/15/28 (a) | 69890.0 | 1683 |
| Uruguay Monetary Regulation Bills, |  |  |
| &nbsp;&nbsp;&nbsp; 0.0%, 2/1/23 – 7/3/24 | 86850.0 | 2184 |
|  |  | 13672 |
| **Uzbekistan (2.1%)** |  |  |
| **Corporate Bond (0.2%)** |  |  |
| Ipoteka-Bank ATIB, |  |  |
| &nbsp;&nbsp;&nbsp; 16.00%, 4/16/24 | 10170000.0 | 856 |
| **Sovereign (1.9%)** |  |  |
| Republic of Uzbekistan International Bond, |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 2/20/24 | 1800.0 | 1771 |
| &nbsp;&nbsp;&nbsp; 14.00%, 7/19/24 | 43410000.0 | 3682 |
| &nbsp;&nbsp;&nbsp; 14.50%, 11/25/23 | 27520000.0 | 2406 |
|  |  | 7859 |
|  |  | 8715 |
| **Zambia (0.5%)** |  |  |
| **Sovereign (0.5%)** |  |  |
| Zambia Government Bond, |  |  |
| &nbsp;&nbsp;&nbsp; 11.00%, 1/25/26 | 42090.0 | 1611 |
| &nbsp;&nbsp;&nbsp; 13.00%, 1/25/31 – 12/27/31 | 12905.0 | 362 |
| &nbsp;&nbsp;&nbsp; 14.00%, 4/24/32 | 3515.0 | 99 |
|  |  | 2072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL FIXED INCOME SECURITIES (Cost $433,765)** |  | 400261 |
| **SHORT-TERM INVESTMENTS (3.4%)** |  |  |
| **U.S. Treasury Securities (1.0%)** |  |  |
| U.S. Treasury Bills, |  |  |
| &nbsp;&nbsp;&nbsp; 4.49%, 3/16/23 (d) | $250.0 | 249 |
| &nbsp;&nbsp;&nbsp; 3.84%, 3/16/23 (d) | 3866.0 | 3849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL U.S. TREASURY SECURITIES (Cost $4.098)** |  | 4098 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **Investment Company (2.4%)** |  |  |
| Morgan Stanley Institutional Liquidity Funds - Treasury Securities Portfolio - Institutional Class (e) **(Cost $9,987)** | 9986562 | 9987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL SHORT-TERM INVESTMENTS (Cost $14,085)** |  | 14085 |
| **TOTAL INVESTMENTS (100.0%) (Cost $447,850) (f)(g)(h)** |  | 414346 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS** |  | (59765) |
| **NET ASSETS** |  | $354581 |

---

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.

Portfolio of Investments

First Quarter Report

January 31, 2023 (unaudited)(cont'd)

*(Showing Percentage of Total Value of Investments)*

Country assignments and aggregations are based generally on third party vendor classifications and information, and may be different from the assignments and aggregations under the policies set forth in the Fund's prospectus and/or statement of additional information relating to geographic classifications.

(a) 144A security
 — Certain conditions for public sale may exist. Unless otherwise noted, these securities are deemed to be liquid.

(b) Multi-step — Coupon
 rate changes in predetermined increments to maturity. Rate disclosed is as of January 31, 2023. Maturity date disclosed is the
 ultimate maturity date.

(c) Amount is less than
 0.05%.

(d) Rate shown is the yield
 to maturity at January 31, 2023.

(e) The Fund invests in
 the Institutional Class of the Morgan Stanley Institutional Liquidity Funds - Treasury Securities Portfolio - (the "Liquidity
 Funds"), an open-end management investment company managed by the Adviser. Advisory fees paid by the Fund are reduced by an
 amount equal to its pro-rata share of the advisory and administration fees paid by the Fund due to its investment in the Liquidity
 Funds. For the three months ended January 31, 2023, advisory fees paid were reduced by approximately $7,000 relating to the
 Fund's investment in the Liquidity Funds.

(f) Securities are available
 for collateral in connection with securities purchased on a forward commitment basis, foreign currency forward exchange contracts,
 futures contracts and swap agreements.

(g) The Fund is permitted
 to purchase and sell securities ("cross-trade") from and to other Morgan Stanley Funds as well as other funds and client
 accounts for which the Adviser or an affiliate of the Adviser serves as investment adviser, pursuant to procedures approved by the
 Directors in compliance with Rule 17a-7 under the Act (the "Rule"). Each cross-trade is executed at the current market
 price in compliance with provisions of the Rule. For the three months ended January 31, 2023, the Fund did not engage in any
 cross-trade transactions.

(h) At January 31,
 2023, the aggregate cost for federal income tax purposes approximates the aggregate cost for book purposes. The aggregate gross unrealized
 appreciation is approximately $16,616,000 and the aggregate gross unrealized depreciation is approximately $48,760,000, resulting
 in net unrealized depreciation of approximately $32,144,000.

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.

Portfolio of Investments

First Quarter Report

January 31, 2023 (unaudited)(cont'd)

*(Showing Percentage of Total Value of Investments)*

**Foreign Currency Forward Exchange Contracts:**

The Fund had the following foreign currency forward exchange contracts open at January 31, 2023:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Counterparty** | **Contracts<br> to<br> Deliver<br> (000)** | **In<br> Exchange<br> For<br> (000)** | **Delivery<br> Date** | **Unrealized<br> Appreciation<br> (Depreciation)<br> (000)** |
| Bank of America NA | 8750000 | $6876 | 3/15/23 | $(238) |
| Barclays Bank PLC | 2035 | 813176 | 4/28/23 | 60 |
| Barclays Bank PLC | 1905 | 813165 | 1/30/24 | 175 |
| Barclays Bank PLC | 1700 | $385 | 3/15/23 | (14) |
| Barclays Bank PLC | 11531 | $2984 | 3/15/23 | (4) |
| Barclays Bank PLC | 1154 | $299 | 3/15/23 | (— |
| Barclays Bank PLC | $2285 | 813176 | 4/28/23 | (83) |
| Barclays Bank PLC | $2285 | 813165 | 1/30/24 | (202) |
| Barclays Bank PLC | $1045 | 21000 | 3/15/23 | 62 |
| Barclays Bank PLC | $5049 | 22200 | 2/10/23 | 157 |
| Barclays Bank PLC | $8424 | 36900 | 3/15/23 | 246 |
| BNP Paribas SA | 19323 | $3563 | 2/2/23 | (243) |
| BNP Paribas SA | $3736 | 3250000 | 3/15/23 | 320 |
| BNP Paribas SA | $1949 | 30301000 | 3/6/23 | 71 |
| BNP Paribas SA | $27626 | 37220 | 3/15/23 | 728 |
| BNP Paribas SA | $1786 | 34000 | 2/17/23 | 9 |
| BNP Paribas, N.A. | $3789 | 19323 | 2/2/23 | 17 |
| Citibank NA | 11111 | $2120 | 3/2/23 | (58) |
| Citibank NA | 50800 | $1477 | 3/15/23 | (68) |
| Citibank NA | $2205 | 56000 | 2/21/23 | (380) |
| Citibank NA | $7478 | 28988 | 3/15/23 | 34 |
| Citibank NA | $1709 | 67000 | 4/11/23 | (26) |
| Citibank NA | $2365 | 94000 | 2/6/23 | 61 |
| Citibank NA | 27000 | $673 | 2/6/23 | (24) |
| Citibank NA | 35667 | $880 | 4/10/23 | (16) |
| Citibank NA | 36200 | $892 | 4/10/23 | (18) |
| Citibank NA | 57063 | $1406 | 4/11/23 | (28) |
| Citibank NA | 67000 | $1728 | 2/6/23 | (2) |
| Citibank NA | 46800 | $2729 | 3/15/23 | 49 |
| Goldman Sachs International | 2220 | $421 | 3/2/23 | (14) |
| Goldman Sachs International | 13064629 | $2683 | 3/15/23 | (92) |
| Goldman Sachs International | 4799 | 22707 | 3/15/23 | 10 |
| Goldman Sachs International | 50731000 | $3328 | 7/11/23 | (48) |
| Goldman Sachs International | 80618 | $4179 | 3/15/23 | (71) |
| Goldman Sachs International | 29850 | $1560 | 3/15/23 | (14) |
| Goldman Sachs International | 10000 | $500 | 3/15/23 | (27) |
| Goldman Sachs International | 5500 | $282 | 3/15/23 | (8) |
| Goldman Sachs International | 13900 | 2938 | 3/15/23 | (17) |
| Goldman Sachs International | 14070 | $10393 | 3/15/23 | (325) |
| Goldman Sachs International | 23150 | $17059 | 3/15/23 | (576) |
| Goldman Sachs International | 17900 | $528 | 3/15/23 | (16) |
| Goldman Sachs International | 14300 | $416 | 3/15/23 | (19) |
| Goldman Sachs International | $2908 | 15560 | 3/2/23 | 142 |
| Goldman Sachs International | $6818 | 47755 | 2/17/23 | 258 |
| Goldman Sachs International | $3182 | 2938 | 3/15/23 | 20 |
| Goldman Sachs International | $2566 | 51265 | 3/15/23 | 136 |
| Goldman Sachs International | $8666 | 37673 | 2/10/23 | 169 |
| Goldman Sachs International | $3712 | 16427 | 2/10/23 | 140 |
| Goldman Sachs International | $5240 | 22707 | 3/15/23 | (15) |
| HSBC Bank PLC | 2600 | $495 | 3/2/23 | (15) |

---

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.

Portfolio of Investments

First Quarter Report

January 31, 2023 (unaudited)(cont'd)

*(Showing Percentage of Total Value of Investments)*

---

| | | | | |
|:---|:---|:---|:---|:---|
| HSBC Bank PLC | 6500000.0 | $7412 | 3/15/23 | (702) |
| HSBC Bank PLC | 3650.0 | 89480.0 | 3/15/23 | (41) |
| HSBC Bank PLC | 36043130.0 | $2381.0 | 4/10/23 | (20) |
| HSBC Bank PLC | $3937.0 | 89480.0 | 3/15/23 | 144 |
| HSBC Bank PLC | $9425.0 | 8656.0 | 3/15/23 | 11 |
| HSBC Bank PLC | $4037.0 | 62730000.0 | 3/6/23 | 146 |
| HSBC Bank PLC | $3196.0 | 50000000.0 | 4/10/23 | 136 |
| HSBC Bank PLC | $10102.0 | 13095000.0 | 3/15/23 | 545 |
| HSBC Bank PLC | $6695.0 | 8700000.0 | 3/15/23 | 379 |
| HSBC Bank PLC | $10095.0 | 179949.0 | 3/15/23 | 210 |
| HSBC Bank PLC | $804.0 | 13800.0 | 3/15/23 | (14) |
| HSBC Bank PLC | 4800.0 | $279.0 | 3/15/23 | 4 |
| JPMorgan Chase Bank NA | 18482.0 | $971.0 | 3/15/23 | (3) |
| JPMorgan Chase Bank NA | 25352.0 | $6536.0 | 3/15/23 | (35) |
| JPMorgan Chase Bank NA | 2536.0 | $654.0 | 3/15/23 | (4) |
| JPMorgan Chase Bank NA | $1257.0 | 6808.0 | 2/2/23 | 84 |
| JPMorgan Chase Bank NA | $105.0 | 575.0 | 3/2/23 | 7 |
| JPMorgan Chase Bank NA | $4212.0 | 5460100.0 | 3/15/23 | 227 |
| JPMorgan Chase Bank NA | $14479.0 | 494300.0 | 3/15/23 | 559 |
| JPMorgan Chase Bank NA | $630.0 | 7827844.0 | 11/7/23 | 1 |
| JPMorgan Chase Bank NA | $1886.0 | 23672156.0 | 10/24/23 | 31 |
| JPMorgan Chase Bank NA | 72296.0 | $4158.0 | 3/15/23 | 18 |
| JPMorgan Chase Bank NA | 39883.0 | $2310.0 | 3/15/23 | 26 |
| JPMorgan Chase Bank, N.A. | 6808.0 | $1335.0 | 2/2/23 | (6) |
| STANDARD CHARTERED BANK | 1100000.0 | $228.0 | 3/15/23 | (6) |
| STANDARD CHARTERED BANK | 1427.0 | 7100.0 | 3/15/23 | 10 |
| STANDARD CHARTERED BANK | 1262.0 | $64.0 | 3/15/23 | (3) |
| STANDARD CHARTERED BANK | 55502.0 | $2796.0 | 3/15/23 | (130) |
| STANDARD CHARTERED BANK | 20967.0 | $5405.0 | 3/15/23 | (29) |
| STANDARD CHARTERED BANK | 2098.0 | $541.0 | 3/15/23 | (3) |
| STANDARD CHARTERED BANK | $3734.0 | 3250000.0 | 3/15/23 | 322 |
| STANDARD CHARTERED BANK | $1630.0 | 11420.0 | 2/17/23 | 63 |
| STANDARD CHARTERED BANK | $1555.0 | 7100.0 | 3/15/23 | (1) |
| STANDARD CHARTERED BANK | 10544.0 | $606.0 | 3/15/23 | 2 |
| State Street Bank & Trust Co. | 12515.0 | $2454.0 | 2/2/23 | (11) |
| State Street Bank and Trust Co. | 1027200.0 | $210.0 | 3/15/23 | (8) |
| State Street Bank and Trust Co. | 557.0 | $599.0 | 2/10/23 | (6) |
| State Street Bank and Trust Co. | 278.0 | $300.0 | 2/10/23 | (3) |
| State Street Bank and Trust Co. | 6460.0 | $6954.0 | 2/10/23 | (73) |
| State Street Bank and Trust Co. | 2515.0 | $2707.0 | 2/10/23 | (28) |
| State Street Bank and Trust Co. | 574.0 | $618.0 | 2/10/23 | (6) |
| State Street Bank and Trust Co. | 287.0 | $309.0 | 2/10/23 | (3) |
| State Street Bank and Trust Co. | 6657.0 | $7170.0 | 2/10/23 | (71) |
| State Street Bank and Trust Co. | 2591.0 | $2791.0 | 2/10/23 | (28) |
| State Street Bank and Trust Co. | $2294.0 | 12515.0 | 2/2/23 | 172 |
| State Street Bank and Trust Co. | 239521.0 | $13594.0 | 3/15/23 | (122) |
| UBS AG | 1229.0 | $235.0 | 3/2/23 | (6) |
| UBS AG | 14000.0 | 578.0 | 3/15/23 | (12) |
| UBS AG | 1514.0 | 37400.0 | 3/15/23 | (36) |
| UBS AG | 93031000.0 | $5965.0 | 3/6/23 | (237) |
| UBS AG | $187.0 | 1025.0 | 3/2/23 | 14 |
| UBS AG | $6577.0 | 45600.0 | 2/17/23 | 180 |
| UBS AG | $1614.0 | 37400.0 | 3/15/23 | 91 |
| UBS AG | $626.0 | 578.0 | 3/15/23 | 4 |
| UBS AG | $3240.0 | 50731000.0 | 7/11/23 | 136 |
|  |  |  |  | $2078 |

---

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.

Portfolio of Investments

First Quarter Report

January 31, 2023 (unaudited)(cont'd)

*(Showing Percentage of Total Value of Investments)*

**Futures Contracts:**

The Fund had the following futures contracts open at January 31, 2023:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Number<br> of<br> Contracts** | **Expiration<br> Date** | **Notional Amount<br> (000)** | **Value<br> (000)** | **Unrealized<br> Depreciation<br> (000)** |
| **Short:** |  |  |  |  |  |
| U.S. Treasury 10 yr. Ultra Note | 35 | Mar-23 | (3500) | $(4242) | $(96) |
| U.S. Treasury 10 yr. Note | 27 | Mar-23 | (2700) | (3092) | (52) |
|  |  |  |  |  | $(148) |

---

**Interest Rate Swap Agreements:**

The Fund had the following interest rate swap agreements open at January 31, 2023:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Swap Counterparty** | **Floating Rate<br> Index** | **Pay/Receive<br> Floating Rate** | **Fixed<br> Rate** | **Payment Frequency<br> Paid/ Received** | **Maturity<br> Date** | **Notional<br> Amount <br> (000)** | **Value<br> (000)** | **Upfront<br> Payment<br> Paid<br> (000)** | **Unrealized<br> Appreciation<br> (Depreciation)<br> (000)** |
| Morgan Stanley & Co. LLC\* | BRL-CDI | Pay | 13.46% | Annual/Semi-Annual | 1/2/24 | $36750 | $(5) | $— | $(5) |
| Morgan Stanley & Co. LLC\* | BRL-CDI | Pay | 13.66 | Annual/Semi-Annual | 1/2/24 | 35750 | 7 |  | 7 |
| Morgan Stanley & Co. LLC\* | BRL-CDI | Pay | 13.69 | Annual/Semi-Annual | 1/2/24 | 436701 | 112 |  | 112 |
| Morgan Stanley & Co. LLC\* | BRL-CDI | Pay | 14.07 | Annual/Semi-Annual | 1/2/24 | 57520 | 59 |  | 59 |
| Morgan Stanley & Co. LLC\* | BRL-CDI | Pay | 14.15 | Annual/Semi-Annual | 1/2/24 | 58610 | 70 |  | 70 |
| Morgan Stanley & Co. LLC\* | BRL-CDI | Pay | 14.20 | Annual/Semi-Annual | 1/2/24 | 82550 | 105 |  | 105 |
| Morgan Stanley & Co. LLC\* | BRL-CDI | Pay | 14.25 | Annual/Semi-Annual | 7/3/23 | 36050 | 23 |  | 23 |
| Morgan Stanley & Co. LLC\* | BRL-CDI | Pay | 14.34 | Annual/Semi-Annual | 1/2/24 | 38400 | 60 |  | 60 |
| Morgan Stanley & Co. LLC\* | BRL-CDI | Pay | 14.52 | Annual/Semi-Annual | 1/2/24 | 82920 | 158 |  | 158 |
| Morgan Stanley & Co. LLC\* | CNRR | Pay | 2.42 | Quarterly/Quarterly | 12/21/27 | 284209 | (869) |  | (869) |
| Morgan Stanley & Co. LLC\* | US CPI All Urban Consumers Index | Pay | 3.19 | Quarterly/Quarterly | 7/26/25 | 45000000 | (121) |  | (121) |
| Morgan Stanley & Co. LLC\* | WIBOR | Receive | 5.53 | Annual/Semi-Annual | 12/21/32 | 7990 | (18) |  | (18) |
| Morgan Stanley & Co. LLC\* | WIBOR | Receive | 5.56 | Annual/Semi-Annual | 12/21/27 | 13330 | (7) |  | (7) |
| Morgan Stanley & Co. LLC\* | WIBOR | Receive | 5.85 | Annual/Semi-Annual | 12/21/32 | 9110 | (70) |  | (70) |
| Morgan Stanley & Co. LLC\* | WIBOR | Receive | 6.02 | Annual/Semi-Annual | 12/21/27 | 15270 | (76) |  | (76) |
| Morgan Stanley & Co. LLC\* | JIBAR | Pay | 7.67 | Quarterly/Quarterly | 1/19/28 | 13200 | (— |  | (— |
| Morgan Stanley & Co. LLC\* | JIBAR | Pay | 7.71 | Quarterly/Quarterly | 1/19/28 | 12810 | 1 |  | 1 |
| Morgan Stanley & Co. LLC\* | JIBAR | Pay | 7.71 | Quarterly/Quarterly | 1/20/28 | 13590 | 1 |  | 1 |
|  |  |  |  |  |  |  | $(570 | $— | $(570 |

---

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.

Portfolio of Investments

First Quarter Report

January 31, 2023 (unaudited)(cont'd)

*(Showing Percentage of Total Value of Investments)*

---

| | |
|:---|:---|
| @ | Value is less than $500. |
| \* | Cleared swap agreement, the broker is Morgan Stanley & Co. LLC. |
| CDI | CHESS Depositary Interest. |
| JIBAR | Johannesburg Interbank Agreed Rate. |
| WIBOR | Warsaw Interbank Offer Rate. |
| BRL | Brazilian Real |
| CLP | Chilean Peso |
| CNH | Chinese Yuan Renminbi Offshore |
| CNY | Chinese Yuan Renminbi |
| COP | Colombian Peso |
| CZK | Czech Koruna |
| DOP | Dominican Peso |
| EGP | Egyptian Pound |
| EUR | Euro |
| HUF | Hungarian Forint |
| IDR | Indonesian Rupiah |
| KRW | South Korean Won |
| MXN | Mexican Peso |
| MYR | Malaysian Ringgit |
| PEN | Peruvian Nuevo Sol |
| PLN | Polish Zloty |
| RON | Romanian New Leu |
| SGD | Singapore Dollar |
| RSD | Serbian Dinar |
| THB | Thai Baht |
| TRY | Turkish Lira |
| USD | United States Dollar |
| UYU | Uruguay Peso |
| UZS | Uzbekistani Som |
| ZAR | South African Rand |
| ZMW | Zambian Kwacha |

---

**Portfolio Composition**

---

| | | |
|:---|:---|:---|
| **Classification** | **Percentage of<br> Total Investments** |  |
| Sovereign | 95.2 | % |
| Others\* | 4.8 |  |
| Total Investments | 100.0 | %\*\* |

---

\* Industries and/or investment types representing less than 5% of total investments.

\*\* Does not include open short futures contracts with a value of approximately $7,334,000 and total unrealized depreciation of approximately $148,000. Does not include open foreign currency forward exchange contracts with net unrealized appreciation of approximately $2,078,000. Also does not include open swap agreements with net unrealized depreciation of approximately $570,000.

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.

**Notes to the Portfolio of Investments ▪ January 31, 2023 (unaudited)**

**Security Valuation:** (1) Fixed income securities may be valued by an outside pricing service/vendor approved by the Fund's Board of Directors (the "Directors"). The pricing service/vendor may employ a pricing model that takes into account, among other things, bids, yield spreads and/or other market data and specific security characteristics. If Morgan Stanley Investment Management Inc. (the "Adviser"), a wholly-owned subsidiary of Morgan Stanley, determines that the price provided by the outside pricing service/vendor does not reflect the security's fair value or is unable to provide a price, prices from brokers/dealers may also be utilized. In these circumstances, the value of the security will be the mean of bid and asked prices obtained from brokers/dealers; (2) when market quotations are not readily available, as defined by Rule 2a-5 under the Act, including circumstances under which the Adviser determines that the closing price, last sale price or the mean between the last reported bid and asked prices are not reflective of a security's market value, portfolio securities are valued at their fair value as determined in good faith under procedures approved by and under the general supervision of the Directors. Occasionally, developments affecting the closing prices of securities and other assets may occur between the times at which valuations of such securities are determined (that is, close of the foreign market on which the securities trade) and the close of business of the New York Stock Exchange ("NYSE"). If developments occur during such periods that are expected to materially affect the value of such securities, such valuations may be adjusted to reflect the estimated fair value of such securities as of the close of the NYSE, as determined in good faith by the Directors or by the Adviser using a pricing service and/or procedures approved by the Directors; (3) futures are valued at the settlement price on the exchange on which they trade or, if a settlement price is unavailable, at the last sale price on the exchange; (4) over-the-counter ("OTC") swaps may be valued by an outside pricing service approved by the Directors or quotes from a broker/dealer. Swaps cleared on a clearinghouse or exchange may be valued using the closing price provided by the clearinghouse or exchange; (5) foreign exchange transactions ("spot contracts") and foreign exchange forward contracts ("forward contracts") are valued daily using an independent pricing vendor at the spot and forward rates, respectively, as of the close of the NYSE; and (6) investments in mutual funds, including the Morgan Stanley Institutional Liquidity Funds, are valued at the net asset value as of the close of each business day.

In connection with Rule 2a-5 of the Act, which became effective September 8, 2022, the Directors have designated the Fund's Adviser as its valuation designee. The valuation designee has responsibility for determining fair value and to make the actual calculations pursuant to the fair valuation methodologies previously approved by the Directors. Under procedures approved by the Directors, the Fund's Adviser, as valuation designee, has formed a Valuation Committee whose members are approved by the Directors. The Valuation Committee provides administration and oversight of the Fund's valuation policies and procedures, which are reviewed at least annually by the Directors. These procedures allow the Fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

**Fair Value Measurement:** Financial Accounting Standards Board ("FASB") Accounting Standards Codification<sup>TM</sup> ("ASC") 820, "Fair Value Measurement" ("ASC 820"), defines fair value as the price that would be received to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 establishes a three-tier hierarchy to distinguish between (1) inputs that reflect the assumptions market participants would use in valuing an asset or liability developed based on market data obtained from sources independent of the reporting entity (observable inputs) and (2) inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in valuing an asset or liability developed based on the best information available in the circumstances (unobservable inputs) and to establish classification of fair value measurements for disclosure purposes. Various inputs are used in determining the value of the Fund's investments. The inputs are summarized in the three broad levels listed below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Level 1 – unadjusted quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Level 3 – significant unobservable inputs including the Fund's own assumptions in determining the fair value of investments. Factors considered in making this determination may include, but are not limited to, information obtained by contacting the issuer, analysts, or the appropriate stock exchange (for exchange-traded securities), analysis of the issuer's financial statements or other available documents and, if necessary, available information concerning other securities in similar circumstances.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities and the determination of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to each security.

The following is a summary of the inputs used to value the Fund's investments as of January 31, 2023:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type** | **Level 1<br> Unadjusted<br> quoted<br> prices<br> (000)** | **Level 2<br> Other<br> significant<br> observable<br> inputs<br> (000)** | **Level 3<br> Significant<br> unobservable<br> inputs<br> (000)** | **Total<br> (000)** |
| **Assets:** |  |  |  |  |
| **Fixed Income Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Corporate Bonds | $— | $5723 | $— | $5723 |
| &nbsp;&nbsp;&nbsp;Sovereign |  | 394538 |  | 394538 |
| **Total Fixed Income Securities** | **—** | **400261** | **—** | **400261** |
| **Short-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Investment Company | 9987 |  |  | 9987 |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Securities |  | 4098 |  | 4098 |
| **Total Short-Term Investments** | **9987** | **4098** | **—** | **14085** |
| **Foreign Currency Forward Exchange Contracts** |  | 6386 |  | 6386 |
| **Interest Rate Swap Agreements** |  | 596 |  | 596 |
| **Total Assets** | **9987** | **411341** | **—** | **421328** |
| **Liabilities:** |  |  |  |  |
| **Foreign Currency Forward Exchange Contracts** |  | (4308) |  | (4308) |
| **Futures Contracts** | (148) |  |  | (148) |
| **Interest Rate Swap Agreements** |  | (1166) |  | (1166) |
| **Total Liabilities** | **(148)** | **(5474)** | **—** | **(5622)** |
| **Total** | $**9839** | $**405867** | $**—** | $**415706** |

---

Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in an investment's valuation changes.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.

- **b. Investment Company Act file number:** 811-22011

- **c. CIK number of Registrant:** 0001388141

- **d. LEI of Registrant:** 541YGIXZ6JJP4EZDJI96

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

  - **Street Address 1:** 522 FIFTH AVENUE

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10036

  - **Telephone number:** 800-231-2608

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

- **a. Name of Series:** Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.

- **c. LEI of Series:** 541YGIXZ6JJP4EZDJI96

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $428808466.84

**Total Liabilities:** $74222283.43

**Net Assets:** $354586183.41

**Cash Not Reported:** $1687734.35

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -5.31000000 | **1-Year:** -684.67000000 | **5-Year:** -756.58000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** -152.55000000 | **1-Year:** -2803.71000000 | **5-Year:** -1326.59000000 | **10-Year:** -474.15000000 | **30-Year:** -108.31000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 10.15%               | 0.37%                | 5.91%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1148136.13             | $21274412.01                               |
| Month 2  | $2546444.87              | $1744230.16                                |
| Month 3  | $137196.44               | $13437119.98                               |

**Designated Index Information**

- **Index Name:** JPM Govt Bond Index - EM Global Diversified Index

- **Index Identifier:** JPMGBIEMGDI

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TITULOS DE TESORERIA           | Colombian TES                                                                                                                              | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  27338000000 | PA      | $4588830.17   | 1.29%             | 2027-11-03      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT           | Indonesia Treasury Bond                                                                                                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  83000000000 | PA      | $5837131.42   | 1.65%             | 2035-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange    | Long: SMIBECYM1 IRS BRL R F 14.07000 II9725210221118 CCPNDFPREDISWA / Short: SMIBECYM1 IRS BRL P V 00MBRCDI II1660330221118 CCPNDFPREDISWA | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     57520000 | OU      | $59137.06     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT            | Malaysia Government Bond                                                                                                                   | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     30800000 | PA      | $7290434.19   | 2.06%             | 2025-03-14      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                  | PURCHASED USD / SOLD IDR                                                                                                                   | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |            1 | NC      | $-20153.69    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| IPOTEKA-BANK ATIB              | Ipoteka-Bank ATIB                                                                                                                          | CUSIP: 000000000<br>LEI: 213800UWVX5JSNXJS434 | Long             | DBT              | CORP              | UZ        |  10170000000 | PA      | $856254.64    | 0.24%             | 2024-04-16      | Fixed         | 16.00%                | Yes           |                  2 | On Loan: No      |
| Citibank N.A.                  | PURCHASED USD / SOLD THB                                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-68072.75    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.  | PURCHASED USD / SOLD EUR                                                                                                                   | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $-27777.26    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT           | Indonesia Treasury Bond                                                                                                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  58978000000 | PA      | $4454629.19   | 1.26%             | 2031-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC              | PURCHASED MXN / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | MX        |            1 | NC      | $61975.57     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN         | Republic of Uzbekistan International Bond                                                                                                  | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |      1800000 | PA      | $1770525.00   | 0.50%             | 2024-02-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| DOM REP CB NOTES               | Dominican Republic Central Bank Notes                                                                                                      | CUSIP: 25714RCY8<br>LEI: 549300DTVR57NON7XL66 | Long             | DBT              | NUSS              | DO        |     15000000 | PA      | $211403.52    | 0.06%             | 2027-03-12      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                  | PURCHASED EUR / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | XX        |            1 | NC      | $10662.26     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SERBIA TREASURY BONDS          | Serbia Treasury Bonds                                                                                                                      | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    441690000 | PA      | $3929876.92   | 1.11%             | 2026-01-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International    | PURCHASED MYR / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | MY        |            1 | NC      | $169382.50    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                  | PURCHASED IDR / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | ID        |            1 | NC      | $135915.87    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia           | Colombia Government International Bond                                                                                                     | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1466000000 | PA      | $286668.41    | 0.08%             | 2027-06-28      | Fixed         | 9.85%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT           | Indonesia Treasury Bond                                                                                                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  20194000000 | PA      | $1374754.71   | 0.39%             | 2030-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                  | PURCHASED EGP / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |            1 | NC      | $-380163.82   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                 | Czech Republic Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |     57320000 | PA      | $2017723.13   | 0.57%             | 2031-03-13      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND        | Hungary Government Bond                                                                                                                    | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   3900000000 | PA      | $10213571.94  | 2.88%             | 2023-11-24      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.       | PURCHASED UZS / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | UZ        |            1 | NC      | $1267.92      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank        | PURCHASED CLP / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | CL        |            1 | NC      | $322254.44    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Limited                    | Long: SMIB2SVB6 IRS KRW R F  3.18500 II3844120220725 CCPNDF / Short: SMIB2SVB6 IRS KRW P V 03MKSDA II6675710220725 CCPNDF                  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  45000000000 | OU      | $-118439.72   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.       | PURCHASED USD / SOLD PEN                                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $-34660.54    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC              | PURCHASED HUF / SOLD EUR                                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | HU        |            1 | NC      | $-23129.57    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                 | PURCHASED SGD / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | SG        |            1 | NC      | $728071.53    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos            | Petroleos Mexicanos                                                                                                                        | CUSIP: 71654QBV3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      1850000 | PA      | $1773252.75   | 0.50%             | 2025-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT            | Malaysia Government Bond                                                                                                                   | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |      2100000 | PA      | $467642.75    | 0.13%             | 2040-05-22      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| Czech Republic                 | Czech Republic Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    214430000 | PA      | $8729284.76   | 2.46%             | 2029-07-23      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND        | Hungary Government Bond                                                                                                                    | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    922750000 | PA      | $2270351.33   | 0.64%             | 2025-06-24      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SERBIA TREASURY BONDS          | Serbia Treasury Bonds                                                                                                                      | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |   1101100000 | PA      | $8573106.35   | 2.42%             | 2032-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank        | PURCHASED USD / SOLD PEN                                                                                                                   | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |            1 | NC      | $-2910.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury         | United States Treasury Bill                                                                                                                | CUSIP: 912796YL7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |      4116000 | PA      | $4097504.61   | 1.16%             | 2023-03-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND         | Zambia Government Bond                                                                                                                     | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |      3515000 | PA      | $99424.97     | 0.03%             | 2032-04-24      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| Bank of America N.A.           | PURCHASED USD / SOLD KRW                                                                                                                   | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |            1 | NC      | $-237946.08   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                 | PURCHASED IDR / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | ID        |            1 | NC      | $71057.26     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND       | Thailand Government Bond                                                                                                                   | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    100000000 | PA      | $3310511.48   | 0.93%             | 2031-06-20      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.       | PURCHASED THB / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | TH        |            1 | NC      | $558742.12    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| IVORY COAST                    | Ivory Coast Government International Bond                                                                                                  | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |       368000 | PA      | $388077.18    | 0.11%             | 2025-06-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| DOM REP CB NOTES               | Dominican Republic Central Bank Notes                                                                                                      | CUSIP: 25714RDA9<br>LEI: 549300DTVR57NON7XL66 | Long             | DBT              | NUSS              | DO        |     59260000 | PA      | $992521.90    | 0.28%             | 2025-10-03      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND        | Romania Government Bond                                                                                                                    | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     17045000 | PA      | $2985516.94   | 0.84%             | 2034-10-11      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank        | PURCHASED USD / SOLD ZAR                                                                                                                   | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |            1 | NC      | $2398.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND         | Republic of Poland Government Bond                                                                                                         | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     40563000 | PA      | $8779238.96   | 2.48%             | 2025-07-25      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN         | Republic of Uzbekistan International Bond                                                                                                  | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |  27520000000 | PA      | $2406355.66   | 0.68%             | 2023-11-25      | Fixed         | 14.50%                | Yes           |                  2 | On Loan: No      |
| NORTH MACEDONIA                | North Macedonia Government International Bond                                                                                              | CUSIP: 000000000<br>LEI: 635400RD1N6RVNCE4958 | Long             | DBT              | NUSS              | MK        |       585000 | PA      | $598210.01    | 0.17%             | 2025-01-18      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Dominican Republic             | Dominican Republic International Bond                                                                                                      | CUSIP: 25714PDX3<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    188800000 | PA      | $3331143.75   | 0.94%             | 2023-02-15      | Fixed         | 8.90%                 | No            |                  2 | On Loan: No      |
| ROMANIA                        | Romanian Government International Bond                                                                                                     | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |      1950000 | PA      | $1772610.45   | 0.50%             | 2027-02-27      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Czech Republic                 | Czech Republic Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    155000000 | PA      | $6782851.23   | 1.91%             | 2023-10-25      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT           | Indonesia Treasury Bond                                                                                                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  25500000000 | PA      | $1728012.01   | 0.49%             | 2042-06-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND         | Zambia Government Bond                                                                                                                     | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |      1070000 | PA      | $28761.07     | 0.01%             | 2031-12-27      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| Barclays Bank PLC              | PURCHASED USD / SOLD PEN                                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $-430.53      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.       | PURCHASED USD / SOLD ZAR                                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $17669.57     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND        | Romania Government Bond                                                                                                                    | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |      9410000 | PA      | $1965487.30   | 0.55%             | 2027-07-26      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade         | US 10YR ULTRA FUT MAR23                                                                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          -35 | NC      | $-96250.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| THAILAND GOVERNMENT BOND       | Thailand Government Bond                                                                                                                   | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |     50000000 | PA      | $1147634.16   | 0.32%             | 2049-06-17      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International    | PURCHASED CNH / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | CN        |            1 | NC      | $257946.20    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC              | PURCHASED HUF / SOLD EUR                                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | HU        |            1 | NC      | $-27625.07    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| URU MONETARY REG BILL          | Uruguay Monetary Regulation Bill                                                                                                           | CUSIP: 000000000<br>LEI: 549300DTMS39GZYBX161 | Long             | STIV             | NUSS              | UY        |     38187000 | PA      | $987382.03    | 0.28%             | 2023-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SERBIA TREASURY BONDS          | Serbia Treasury Bonds                                                                                                                      | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    268050000 | PA      | $2453488.38   | 0.69%             | 2028-02-08      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International    | PURCHASED USD / SOLD BRL                                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $-13882.57    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International    | PURCHASED USD / SOLD THB                                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $-19052.12    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC             | Dominican Republic International Bond                                                                                                      | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    107000000 | PA      | $1596450.07   | 0.45%             | 2027-01-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade         | US 10YR NOTE (CBT)MAR23                                                                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          -27 | NC      | $-51890.63    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.  | PURCHASED USD / SOLD EUR                                                                                                                   | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $-71362.84    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank        | PURCHASED USD / SOLD COP                                                                                                                   | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |            1 | NC      | $-6041.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa       | Republic of South Africa Government Bond                                                                                                   | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    113100000 | PA      | $7019772.50   | 1.98%             | 2026-12-21      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Goldman Sachs International    | PURCHASED PLN / SOLD EUR                                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | PL        |            1 | NC      | $-4900.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT           | Indonesia Treasury Bond                                                                                                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 126101000000 | PA      | $8606498.40   | 2.43%             | 2043-06-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.       | PURCHASED USD / SOLD MXN                                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $-3358.23     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                  | PURCHASED ZAR / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | ZA        |            1 | NC      | $209906.60    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| URU MONETARY REG BILL          | Uruguay Monetary Regulation Bill                                                                                                           | CUSIP: 000000000<br>LEI: 549300DTMS39GZYBX161 | Long             | STIV             | NUSS              | UY        |     32713000 | PA      | $844045.86    | 0.24%             | 2023-02-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International    | PURCHASED USD / SOLD THB                                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $-16256.92    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY       | Uruguay Government International Bond                                                                                                      | CUSIP: 917288BL5<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    353417897 | PA      | $9805187.75   | 2.77%             | 2040-07-02      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT        | Mexican Bonos                                                                                                                              | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     96014800 | PA      | $5058208.86   | 1.43%             | 2029-05-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA             | Peru Government Bond                                                                                                                       | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |      3376000 | PA      | $701661.48    | 0.20%             | 2034-08-12      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.  | PURCHASED USD / SOLD EUR                                                                                                                   | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $-3075.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SURINAME INT       | Suriname Government International Bond                                                                                                     | CUSIP: 000000000<br>LEI: 254900SYU4G5JM13TN77 | Long             | DBT              | NUSS              | SR        |      1646000 | PA      | $1305278.00   | 0.37%             | 2026-10-26      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| UBS AG                         | PURCHASED IDR / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | ID        |            1 | NC      | $135695.07    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.  | PURCHASED USD / SOLD EUR                                                                                                                   | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $-73073.93    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International    | PURCHASED USD / SOLD IDR                                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $-48087.86    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange    | Long: SMIBEDAQ6 IRS BRL R F 14.34000 II1008520221118 CCPNDFPREDISWA / Short: SMIBEDAQ6 IRS BRL P V 00MBRCDI II4949480221118 CCPNDFPREDISWA | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     38400000 | OU      | $60154.71     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                 | PURCHASED USD / SOLD BRL                                                                                                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |            1 | NC      | $-243375.41   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC              | PURCHASED MYR / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | MY        |            1 | NC      | $157298.86    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange    | Long: SMIBEUK61 IRS BRL R F 14.25500 II8442000221123 CCPNDFPREDISWA / Short: SMIBEUK61 IRS BRL P V 00MBRCDI II6480340221123 CCPNDFPREDISWA | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     36050000 | OU      | $22987.55     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC       | Morgan Stanley Institutional Liquidity Funds - Treasury Securities Portfolio                                                               | CUSIP: 61747C525<br>LEI: 549300OJY9IZ31SGS926 | Long             | STIV             | RF                | US        |      9986562 | NS      | $9986562.05   | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG                         | PURCHASED CNH / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | CN        |            1 | NC      | $179596.89    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                  | PURCHASED KRW / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | KR        |            1 | NC      | $544813.31    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC             | Dominican Republic International Bond                                                                                                      | CUSIP: 25714WBR3<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    357200000 | PA      | $6419629.62   | 1.81%             | 2029-09-23      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| LCH Limited                    | Long: SMIBCD2G9 IRS CNY R F  2.41520 II4158990221101 CCPNDF / Short: SMIBCD2G9 IRS CNY P V 00MCNRR II1754630221101 CCPNDF                  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    284209457 | OU      | $-869316.39   | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| DOM REP CB NOTES               | Dominican Republic Central Bank Notes                                                                                                      | CUSIP: 25714PER5<br>LEI: 549300DTVR57NON7XL66 | Long             | DBT              | NUSS              | DO        |     97000000 | PA      | $1603983.03   | 0.45%             | 2025-12-05      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| SWAP BNP PARIBAS BOC           | SWAP BNP PARIBAS BOC                                                                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Short            | STIV             | CORP              | US        |      -260000 | NS      | $-260000.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                         | PURCHASED CZK / SOLD EUR                                                                                                                   | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | CZ        |            1 | NC      | $55825.44     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND       | Thailand Government Bond                                                                                                                   | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |     70000000 | PA      | $1855271.07   | 0.52%             | 2035-12-17      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT        | Mexican Bonos                                                                                                                              | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    147956500 | PA      | $7477222.81   | 2.11%             | 2027-06-03      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                  | PURCHASED USD / SOLD CLP                                                                                                                   | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |            1 | NC      | $-701567.27   | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT           | Indonesia Treasury Bond                                                                                                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  65600000000 | PA      | $4963281.12   | 1.40%             | 2039-04-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| UBS AG                         | PURCHASED USD / SOLD BRL                                                                                                                   | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $-6029.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL       | Brazil Notas do Tesouro Nacional Serie F                                                                                                   | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    130175000 | PA      | $24694883.47  | 6.96%             | 2025-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Citibank N.A.                  | PURCHASED UYU / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | UY        |            1 | NC      | $61245.60     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Dominican Republic             | Dominican Republic International Bond                                                                                                      | CUSIP: 25714PEA2<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    224000000 | PA      | $3749779.74   | 1.06%             | 2026-06-05      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF JORDAN              | Jordan Government International Bond                                                                                                       | CUSIP: 000000000<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |      2735000 | PA      | $2656669.60   | 0.75%             | 2025-07-07      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| State Street Bank & Trust Co.  | PURCHASED USD / SOLD EUR                                                                                                                   | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $-3149.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR            | Ecuador Government International Bond                                                                                                      | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      1985029 | PA      | $842580.65    | 0.24%             | 2040-07-31      | Variable      | 1.50%                 | Yes           |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND       | Thailand Government Bond                                                                                                                   | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |     50000000 | PA      | $1579858.80   | 0.45%             | 2038-06-17      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                 | PURCHASED TRY / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | TR        |            1 | NC      | $8778.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY       | Uruguay Government International Bond                                                                                                      | CUSIP: 760942BC5<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     69890000 | PA      | $1683088.54   | 0.47%             | 2028-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC              | PURCHASED USD / SOLD MYR                                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $-14215.31    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange    | Long: SMIBEUJX4 IRS BRL R F 14.52000 II8354860221123 CCPNDFPREDISWA / Short: SMIBEUJX4 IRS BRL P V 00MBRCDI II2197010221123 CCPNDFPREDISWA | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     82920000 | OU      | $157878.29    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International    | PURCHASED USD / SOLD SGD                                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $-576344.50   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange    | Long: SMIBJBAB8 IRS BRL R F 13.66000 II5211680230103 CCPNDFPREDISWA / Short: SMIBJBAB8 IRS BRL P V 00MBRCDI II8176630230103 CCPNDFPREDISWA | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     35750000 | OU      | $7334.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                  | PURCHASED USD / SOLD UYU                                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-17817.35    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                  | PURCHASED IDR / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | ID        |            1 | NC      | $145681.91    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND       | Thailand Government Bond                                                                                                                   | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    260000000 | PA      | $7557184.26   | 2.13%             | 2029-12-17      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT           | Indonesia Treasury Bond                                                                                                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 114953000000 | PA      | $7590195.52   | 2.14%             | 2031-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NORTH MACEDONIA                | North Macedonia Government International Bond                                                                                              | CUSIP: 000000000<br>LEI: 635400RD1N6RVNCE4958 | Long             | DBT              | NUSS              | MK        |       140000 | PA      | $141486.09    | 0.04%             | 2026-06-03      | Fixed         | 3.68%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.       | PURCHASED BRL / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | BR        |            1 | NC      | $83723.36     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND        | Hungary Government Bond                                                                                                                    | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   1387460000 | PA      | $2986481.84   | 0.84%             | 2027-10-27      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND         | Republic of Poland Government Bond                                                                                                         | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     39077000 | PA      | $7831277.26   | 2.21%             | 2027-07-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA             | Peru Government Bond                                                                                                                       | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |      1570000 | PA      | $371510.97    | 0.10%             | 2029-02-12      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                  | PURCHASED CZK / SOLD EUR                                                                                                                   | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | CZ        |            1 | NC      | $103051.06    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC             | Dominican Republic International Bond                                                                                                      | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |      7000000 | PA      | $103814.76    | 0.03%             | 2027-02-12      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                  | PURCHASED PEN / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | PE        |            1 | NC      | $34425.74     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NORTH MACEDONIA                | North Macedonia Government International Bond                                                                                              | CUSIP: 000000000<br>LEI: 635400RD1N6RVNCE4958 | Long             | DBT              | NUSS              | MK        |      1089000 | PA      | $1186452.10   | 0.33%             | 2023-07-26      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| State Street Bank & Trust Co.  | PURCHASED USD / SOLD ZAR                                                                                                                   | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $-122458.47   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                  | PURCHASED USD / SOLD UYU                                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-23540.17    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.  | PURCHASED USD / SOLD EUR                                                                                                                   | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $-6150.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN         | Republic of Uzbekistan International Bond                                                                                                  | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |  43410000000 | PA      | $3682493.33   | 1.04%             | 2024-07-19      | Fixed         | 14.00%                | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS            | Petroleos Mexicanos                                                                                                                        | CUSIP: 71654QDH2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      1720000 | PA      | $1724773.00   | 0.49%             | 2025-10-16      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.  | PURCHASED USD / SOLD EUR                                                                                                                   | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $-28443.29    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT            | Malaysia Government Bond                                                                                                                   | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     37167000 | PA      | $8959137.87   | 2.53%             | 2031-06-30      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| BONOS TESORERIA PESOS          | Bonos de la Tesoreria de la Republica en pesos                                                                                             | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   6600000000 | PA      | $8299044.12   | 2.34%             | 2023-03-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR       | Corp Financiera de Desarrollo SA                                                                                                           | CUSIP: 000000000<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |      1780000 | PA      | $1728381.99   | 0.49%             | 2029-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND         | Zambia Government Bond                                                                                                                     | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     42090000 | PA      | $1611079.26   | 0.45%             | 2026-01-25      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL       | Brazil Notas do Tesouro Nacional Serie F                                                                                                   | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     57675000 | PA      | $10531049.28  | 2.97%             | 2027-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT        | Mexican Bonos                                                                                                                              | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    378709000 | PA      | $19028465.54  | 5.37%             | 2031-05-29      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| LCH Limited                    | Long: SMIBL7DF2 IRS ZAR R F  7.71000 II5311020230119 CCPVANILLA / Short: SMIBL7DF2 IRS ZAR P V 03MJIBAR II5956790230119 CCPVANILLA         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     12810073 | OU      | $1059.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                  | PURCHASED USD / SOLD BRL                                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-57764.19    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA           | Colombian TES                                                                                                                              | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   6916000000 | PA      | $1169062.67   | 0.33%             | 2030-09-18      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Czech Republic                 | Czech Republic Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |     87240000 | PA      | $3129454.46   | 0.88%             | 2033-10-13      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa       | Republic of South Africa Government Bond                                                                                                   | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    477327815 | PA      | $21662178.68  | 6.11%             | 2044-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                    | Ivory Coast Government International Bond                                                                                                  | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |       711000 | PA      | $749790.42    | 0.21%             | 2025-06-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| UBS AG                         | PURCHASED BRL / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | BR        |            1 | NC      | $13831.51     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND        | Hungary Government Bond                                                                                                                    | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    375640000 | PA      | $742104.86    | 0.21%             | 2031-10-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.       | PURCHASED KRW / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | KR        |            1 | NC      | $227295.70    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND         | Republic of Poland Government Bond                                                                                                         | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |      5420000 | PA      | $1018359.90   | 0.29%             | 2026-10-25      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND       | Thailand Government Bond                                                                                                                   | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |     30700000 | PA      | $820336.42    | 0.23%             | 2035-06-17      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF IRAQ               | Iraq International Bond                                                                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | IQ        |      1800000 | PA      | $1799821.31   | 0.51%             | 2023-03-09      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs International    | PURCHASED USD / SOLD MXN                                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $-27044.67    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.  | PURCHASED USD / SOLD COP                                                                                                                   | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $-8297.45     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                  | PURCHASED ZAR / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | ZA        |            1 | NC      | $-13942.52    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC             | Dominican Republic International Bond                                                                                                      | CUSIP: 25714RCZ5<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    381320000 | PA      | $6309149.38   | 1.78%             | 2025-08-08      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Republic of Armenia            | Republic of Armenia International Bond                                                                                                     | CUSIP: 000000000<br>LEI: 5299000H77JSW90G7935 | Long             | DBT              | NUSS              | AM        |      2532000 | PA      | $2573856.49   | 0.73%             | 2025-03-26      | Fixed         | 7.15%                 | Yes           |                  2 | On Loan: No      |
| Barclays Bank PLC              | PURCHASED MYR / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | MY        |            1 | NC      | $246134.10    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International    | PURCHASED BRL / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | BR        |            1 | NC      | $141922.15    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC              | PURCHASED USD / SOLD PEN                                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $-4301.96     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange    | Long: SMIBJG945 IRS BRL R F 13.69000 II9723680230104 CCPNDFPREDISWA / Short: SMIBJG945 IRS BRL P V 00MBRCDI II4307510230104 CCPNDFPREDISWA | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    436701000 | OU      | $111807.26    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Limited                    | Long: BMIBFCL10 IRS PLN R V 06MWIBOR II6269690221129 CCPVANILLA / Short: BMIBFCL10 IRS PLN P F  5.85000 II7414460221129 CCPVANILLA         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      9110000 | OU      | $-72453.70    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                  | PURCHASED UYU / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | UY        |            1 | NC      | $-25602.08    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Limited                    | Long: BMIBFCLP7 IRS PLN R V 06MWIBOR II7974440221129 CCPVANILLA / Short: BMIBFCLP7 IRS PLN P F  6.01900 II0018200221129 CCPVANILLA         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     15270000 | OU      | $-80762.82    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| FINDETER                       | Financiera de Desarrollo Territorial SA Findeter                                                                                           | CUSIP: 31772MAA0<br>LEI: 54930036EU95I2CWYJ76 | Long             | DBT              | NUSS              | CO        |  20551000000 | PA      | $4034921.29   | 1.14%             | 2024-08-12      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                  | PURCHASED USD / SOLD BRL                                                                                                                   | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |            1 | NC      | $-14568.89    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International    | PURCHASED USD / SOLD MXN                                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $-70590.98    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND            | Benin Government International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |       204000 | PA      | $217592.59    | 0.06%             | 2026-03-26      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.       | PURCHASED UZS / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | UZ        |            1 | NC      | $31220.03     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                  | PURCHASED USD / SOLD UYU                                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-1917.83     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA           | Colombian TES                                                                                                                              | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  10640000000 | PA      | $1634560.94   | 0.46%             | 2032-06-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International    | PURCHASED USD / SOLD MXN                                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $-13790.18    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Limited                    | Long: SMIBLP8Y7 IRS ZAR R F  7.71300 II1478450230124 CCPVANILLA / Short: SMIBLP8Y7 IRS ZAR P V 03MJIBAR II9583970230124 CCPVANILLA         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     13589927 | OU      | $1166.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT           | Indonesia Treasury Bond                                                                                                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  10528000000 | PA      | $719542.09    | 0.20%             | 2048-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| LCH Limited                    | Long: SMIBL7BJ6 IRS ZAR R F  7.66500 II3059400230119 CCPVANILLA / Short: SMIBL7BJ6 IRS ZAR P V 03MJIBAR II3080120230119 CCPVANILLA         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     13200000 | OU      | $-314.94      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND       | Thailand Government Bond                                                                                                                   | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    226000000 | PA      | $5837141.01   | 1.65%             | 2042-06-17      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange    | Long: SMIBJ2ZC9 IRS BRL R F 13.46000 II1971940221229 CCPNDFPREDISWA / Short: SMIBJ2ZC9 IRS BRL P V 00MBRCDI II8235350221229 CCPNDFPREDISWA | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     36750000 | OU      | $-5381.14     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND        | Romania Government Bond                                                                                                                    | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     24830000 | PA      | $5256216.15   | 1.48%             | 2025-02-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT           | Indonesia Treasury Bond                                                                                                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 103253000000 | PA      | $6945847.91   | 1.96%             | 2025-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                  | PURCHASED USD / SOLD UYU                                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-27698.51    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.       | PURCHASED USD / SOLD ZAR                                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $25738.85     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND         | Zambia Government Bond                                                                                                                     | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     11835000 | PA      | $332579.00    | 0.09%             | 2031-01-25      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| Provincia de Cordoba           | Provincia de Cordoba                                                                                                                       | CUSIP: 000000000<br>LEI: 5299006CLM2Z97AATT29 | Long             | DBT              | NUSS              | AR        |       451328 | PA      | $391085.69    | 0.11%             | 2025-12-10      | Variable      | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs International    | PURCHASED USD / SOLD MXN                                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $-7906.99     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                  | PURCHASED USD / SOLD ZAR                                                                                                                   | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |            1 | NC      | $3849.72      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank        | PURCHASED USD / SOLD MXN                                                                                                                   | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |            1 | NC      | $-129848.43   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank        | PURCHASED USD / SOLD PEN                                                                                                                   | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |            1 | NC      | $-29083.04    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International    | PURCHASED USD / SOLD COP                                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $-92098.65    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.       | PURCHASED BRL / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | BR        |            1 | NC      | $7420.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                  | PURCHASED USD / SOLD UYU                                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-16080.09    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT        | Mexican Bonos                                                                                                                              | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     20000000 | PA      | $1039823.69   | 0.29%             | 2038-11-18      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA             | Peru Government Bond                                                                                                                       | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     10000000 | PA      | $2440029.78   | 0.69%             | 2028-08-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International    | PURCHASED MXN / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | MX        |            1 | NC      | $136320.03    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                         | PURCHASED USD / SOLD IDR                                                                                                                   | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $-237140.42   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| SWAP JP MORGAN BOC             | SWAP JP MORGAN BOC                                                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | STIV             | CORP              | US        |     -1240000 | NS      | $-1240000.00  | -0.35%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                         | PURCHASED EUR / SOLD CZK                                                                                                                   | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | XX        |            1 | NC      | $-8269.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                 | PURCHASED CLP / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | CL        |            1 | NC      | $320279.60    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International    | PURCHASED EUR / SOLD PLN                                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | XX        |            1 | NC      | $2999.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                  | PURCHASED KRW / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | KR        |            1 | NC      | $378643.32    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Limited                    | Long: BMIBFPFD2 IRS PLN R V 06MWIBOR II7279480221202 CCPVANILLA / Short: BMIBFPFD2 IRS PLN P F  5.53000 II9432000221202 CCPVANILLA         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      7990000 | OU      | $-20966.63    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Fideicomiso PA Costera         | Fideicomiso PA Costera                                                                                                                     | CUSIP: 31574FAB3<br>LEI: 5493002XQPJWQYQDVX07 | Long             | DBT              | CORP              | CO        |   4979414974 | PA      | $978495.11    | 0.28%             | 2034-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND        | Romania Government Bond                                                                                                                    | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     31700000 | PA      | $5707103.13   | 1.61%             | 2027-10-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SWAP STAND. CHARTER BANK BOCOC | SWAP STAND. CHARTER BANK BOCOC                                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | STIV             | CORP              | US        |      -310000 | NS      | $-310000.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange    | Long: SMIBE7GQ3 IRS BRL R F 14.15000 II2047370221117 CCPNDFPREDISWA / Short: SMIBE7GQ3 IRS BRL P V 00MBRCDI II7421560221117 CCPNDFPREDISWA | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     58610000 | OU      | $69851.57     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International    | PURCHASED MYR / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | MY        |            1 | NC      | $140030.48    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Limited                    | Long: BMIBFPEZ4 IRS PLN R V 06MWIBOR II9183330221202 CCPVANILLA / Short: BMIBFPEZ4 IRS PLN P F  5.55500 II2875470221202 CCPVANILLA         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     13330000 | OU      | $-12387.02    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| URU MONETARY REG BILL          | Uruguay Monetary Regulation Bill                                                                                                           | CUSIP: 000000000<br>LEI: 549300DTMS39GZYBX161 | Long             | DBT              | NUSS              | UY        |     15950000 | PA      | $352350.24    | 0.10%             | 2024-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange    | Long: SMIBE7J72 IRS BRL R F 14.19000 II7967940221117 CCPNDFPREDISWA / Short: SMIBE7J72 IRS BRL P V 00MBRCDI II4883350221117 CCPNDFPREDISWA | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     82550000 | OU      | $104994.76    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International    | PURCHASED USD / SOLD SGD                                                                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $-325120.57   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| BOLIVIA GOVERNMENT             | Bolivian Government International Bond                                                                                                     | CUSIP: 000000000<br>LEI: 529900TGIRPY3SZXEB56 | Long             | DBT              | NUSS              | BO        |      1512000 | PA      | $1474200.00   | 0.42%             | 2023-08-22      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Standard Chartered Bank        | PURCHASED RON / SOLD EUR                                                                                                                   | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | RO        |            1 | NC      | $9844.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank        | PURCHASED USD / SOLD MXN                                                                                                                   | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |            1 | NC      | $-2972.33     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank        | PURCHASED CNH / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | CN        |            1 | NC      | $62654.75     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND       | Thailand Government Bond                                                                                                                   | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |     50000000 | PA      | $1756794.88   | 0.50%             | 2029-06-22      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HONDURAS GOVERNMENT            | Honduras Government International Bond                                                                                                     | CUSIP: 000000000<br>LEI: 5493002DW1JNBNG17615 | Long             | DBT              | NUSS              | HN        |       184667 | PA      | $184395.84    | 0.05%             | 2024-03-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| BONOS DE TESORERIA             | Peru Government Bond                                                                                                                       | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     55980000 | PA      | $12746809.79  | 3.59%             | 2032-08-12      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.  | PURCHASED USD / SOLD EUR                                                                                                                   | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $-6297.85     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.       | PURCHASED USD / SOLD PEN                                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $-3467.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA           | Colombian TES                                                                                                                              | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   8239000000 | PA      | $1311757.00   | 0.37%             | 2031-03-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA           | Colombian TES                                                                                                                              | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  12982000000 | PA      | $2158522.80   | 0.61%             | 2028-04-28      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa       | Republic of South Africa Government Bond                                                                                                   | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    343230000 | PA      | $16283699.14  | 4.59%             | 2040-01-31      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT        | Mexican Bonos                                                                                                                              | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    113400000 | PA      | $5889337.48   | 1.66%             | 2023-12-07      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.  | PURCHASED BRL / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | BR        |            1 | NC      | $171825.57    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                  | PURCHASED USD / SOLD ZAR                                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $48964.70     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-23

**Name of Applicant:** Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.

**Signature:** Francis Smith

**Name of Signer:** Francis Smith

**Title:** Principal Financial Officer