# EDGAR Filing Document

**Accession Number:** 0001227862
**File Stem:** 0000940400-25-010425
**Filing Date:** 2025-11
**Character Count:** 216005
**Document Hash:** c4963446cc0f7ebbf8c5e5278a10bab3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-010425.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000940400-25-010425

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
- **CENTRAL INDEX KEY:** 0001227862

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21343
- **FILM NUMBER:** 251519715

**BUSINESS ADDRESS:**
- **STREET 1:** 620 EIGHTH AVENUE
- **STREET 2:** 47TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 8887770102

**MAIL ADDRESS:**
- **STREET 1:** 620 EIGHTH AVENUE
- **STREET 2:** 47TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SALOMON BROTHERS EMERGING MARKETS DEBT FUND INC
- **DATE OF NAME CHANGE:** 20031003

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SALOMON BROTHERS FIXED INCOME STRATEGIC FUND INC
- **DATE OF NAME CHANGE:** 20030417

## Nport-Ex

Schedule of Investments (unaudited)

September 30, 2025

 **Western Asset Emerging Markets Debt Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity <br>Date<br>| Face <br>Amount†<br>| Value |
| **Sovereign Bonds — 75.2%** | **Sovereign Bonds — 75.2%** | **Sovereign Bonds — 75.2%** | **Sovereign Bonds — 75.2%** | **Sovereign Bonds — 75.2%** |
| *Angola — 1.7%* | *Angola — 1.7%* | *Angola — 1.7%* | *Angola — 1.7%* | *Angola — 1.7%* |
| &nbsp;&nbsp;&nbsp; Angolan Government International Bond, Senior Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 5/9/28 | &nbsp;&nbsp; 2150000<br>| &nbsp;&nbsp;&nbsp; $2165403<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Angolan Government International Bond, Senior Notes | &nbsp;&nbsp; 9.125% | &nbsp;&nbsp; 11/26/49 | &nbsp;&nbsp; 10560000<br>| &nbsp;&nbsp;&nbsp; 8871079<br> <sup>(a)</sup><br>|
| *Total Angola* | *Total Angola* | *Total Angola* | *Total Angola* | &nbsp;&nbsp; *11036482* |
| *Argentina — 4.3%* | *Argentina — 4.3%* | *Argentina — 4.3%* | *Argentina — 4.3%* | *Argentina — 4.3%* |
| &nbsp;&nbsp;&nbsp; Argentine Republic Government International Bond, Senior Notes, Step <br> bond (4.125% to 7/9/27 then 4.750%) | &nbsp;&nbsp; 4.125% | &nbsp;&nbsp; 7/9/35 | &nbsp;&nbsp; 20300000<br>| &nbsp;&nbsp;&nbsp; 10647350<br>|
| &nbsp;&nbsp;&nbsp; Bonos Para La Reconstruccion De Una Argentina Libre, Senior Notes | &nbsp;&nbsp; 3.000% | &nbsp;&nbsp; 5/31/26 | &nbsp;&nbsp; 3000000<br>| &nbsp;&nbsp;&nbsp; 2975250<br>|
| &nbsp;&nbsp;&nbsp; Provincia de Buenos Aires, Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 9/1/37 | &nbsp;&nbsp; 16807756<br>| &nbsp;&nbsp;&nbsp; 9853547<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Provincia de Buenos Aires, Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 9/1/37 | &nbsp;&nbsp; 3260320<br>| &nbsp;&nbsp;&nbsp; 1911363<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Provincia de Cordoba, Senior Notes | &nbsp;&nbsp; 6.990% | &nbsp;&nbsp; 6/1/27 | &nbsp;&nbsp; 1599022<br>| &nbsp;&nbsp;&nbsp; 1564743<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Provincia de Cordoba, Senior Notes | &nbsp;&nbsp; 6.990% | &nbsp;&nbsp; 6/1/27 | &nbsp;&nbsp; 550000<br>| &nbsp;&nbsp;&nbsp; 538209<br> <sup>(a)</sup><br>|
| *Total Argentina* | *Total Argentina* | *Total Argentina* | *Total Argentina* | &nbsp;&nbsp; *27490462* |
| *Armenia — 1.0%* | *Armenia — 1.0%* | *Armenia — 1.0%* | *Armenia — 1.0%* | *Armenia — 1.0%* |
| &nbsp;&nbsp;&nbsp; Republic of Armenia International Bond, Senior Notes | &nbsp;&nbsp; 3.600% | &nbsp;&nbsp; 2/2/31 | &nbsp;&nbsp; 7000000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *6323396*<br> <sup>(b)</sup><br>|
| *Bahamas — 1.8%* | *Bahamas — 1.8%* | *Bahamas — 1.8%* | *Bahamas — 1.8%* | *Bahamas — 1.8%* |
| &nbsp;&nbsp;&nbsp; Bahamas Government International Bond, Senior Notes | &nbsp;&nbsp; 9.000% | &nbsp;&nbsp; 6/16/29 | &nbsp;&nbsp; 8000000<br>| &nbsp;&nbsp;&nbsp; 8676000<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bahamas Government International Bond, Senior Notes | &nbsp;&nbsp; 6.950% | &nbsp;&nbsp; 11/20/29 | &nbsp;&nbsp; 3000000<br>| &nbsp;&nbsp;&nbsp; 3037350<br> <sup>(b)</sup><br>|
| *Total Bahamas* | *Total Bahamas* | *Total Bahamas* | *Total Bahamas* | &nbsp;&nbsp; *11713350* |
| *Bahrain — 2.8%* | *Bahrain — 2.8%* | *Bahrain — 2.8%* | *Bahrain — 2.8%* | *Bahrain — 2.8%* |
| &nbsp;&nbsp;&nbsp; Bahrain Government International Bond, Senior Notes | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 10/12/28 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 2100329<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bahrain Government International Bond, Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 9/30/31 | &nbsp;&nbsp; 7000000<br>| &nbsp;&nbsp;&nbsp; 7048909<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bahrain Government International Bond, Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 9/20/47 | &nbsp;&nbsp; 7400000<br>| &nbsp;&nbsp;&nbsp; 7925465<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bahrain Government International Bond, Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 1/25/51 | &nbsp;&nbsp; 1000000<br>| &nbsp;&nbsp;&nbsp; 916707<br> <sup>(a)</sup><br>|
| *Total Bahrain* | *Total Bahrain* | *Total Bahrain* | *Total Bahrain* | &nbsp;&nbsp; *17991410* |
| *Benin — 0.5%* | *Benin — 0.5%* | *Benin — 0.5%* | *Benin — 0.5%* | *Benin — 0.5%* |
| &nbsp;&nbsp;&nbsp; Benin Government International Bond, Senior Notes | &nbsp;&nbsp; 7.960% | &nbsp;&nbsp; 2/13/38 | &nbsp;&nbsp; 3200000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *3280203*<br> <sup>(b)</sup><br>|
| *Chile — 0.6%* | *Chile — 0.6%* | *Chile — 0.6%* | *Chile — 0.6%* | *Chile — 0.6%* |
| &nbsp;&nbsp;&nbsp; Chile Government International Bond, Senior Notes | &nbsp;&nbsp; 3.500% | &nbsp;&nbsp; 1/31/34 | &nbsp;&nbsp; 4000000<br>| &nbsp;&nbsp;&nbsp; *3671600*<br>|
| *Colombia — 1.8%* | *Colombia — 1.8%* | *Colombia — 1.8%* | *Colombia — 1.8%* | *Colombia — 1.8%* |
| &nbsp;&nbsp;&nbsp; Colombia Government International Bond, Senior Notes | &nbsp;&nbsp; 3.250% | &nbsp;&nbsp; 4/22/32 | &nbsp;&nbsp; 3500000<br>| &nbsp;&nbsp;&nbsp; 2968000<br>|
| &nbsp;&nbsp;&nbsp; Colombia Government International Bond, Senior Notes | &nbsp;&nbsp; 4.125% | &nbsp;&nbsp; 2/22/42 | &nbsp;&nbsp; 11500000<br>| &nbsp;&nbsp;&nbsp; 8193750<br>|
| *Total Colombia* | *Total Colombia* | *Total Colombia* | *Total Colombia* | &nbsp;&nbsp; *11161750* |
| *Costa Rica — 1.2%* | *Costa Rica — 1.2%* | *Costa Rica — 1.2%* | *Costa Rica — 1.2%* | *Costa Rica — 1.2%* |
| &nbsp;&nbsp;&nbsp; Costa Rica Government International Bond, Senior Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 2/19/31 | &nbsp;&nbsp; 1050000<br>| &nbsp;&nbsp;&nbsp; 1096988<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Costa Rica Government International Bond, Senior Notes | &nbsp;&nbsp; 7.158% | &nbsp;&nbsp; 3/12/45 | &nbsp;&nbsp; 4200000<br>| &nbsp;&nbsp;&nbsp; 4522582<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Costa Rica Government International Bond, Senior Notes | &nbsp;&nbsp; 7.300% | &nbsp;&nbsp; 11/13/54 | &nbsp;&nbsp; 1800000<br>| &nbsp;&nbsp;&nbsp; 1975441<br> <sup>(b)</sup><br>|
| *Total Costa Rica* | *Total Costa Rica* | *Total Costa Rica* | *Total Costa Rica* | &nbsp;&nbsp; *7595011* |
| *Dominican Republic — 3.1%* | *Dominican Republic — 3.1%* | *Dominican Republic — 3.1%* | *Dominican Republic — 3.1%* | *Dominican Republic — 3.1%* |
| &nbsp;&nbsp;&nbsp; Dominican Republic International Bond, Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 7/19/28 | &nbsp;&nbsp; 4800000<br>| &nbsp;&nbsp;&nbsp; 4963680<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Dominican Republic International Bond, Senior Notes | &nbsp;&nbsp; 4.875% | &nbsp;&nbsp; 9/23/32 | &nbsp;&nbsp; 3800000<br>| &nbsp;&nbsp;&nbsp; 3639640<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Dominican Republic International Bond, Senior Notes | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 1/21/41 | &nbsp;&nbsp; 8000000<br>| &nbsp;&nbsp;&nbsp; 7252000<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Dominican Republic International Bond, Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 1/30/60 | &nbsp;&nbsp; 4400000<br>| &nbsp;&nbsp;&nbsp; 3913580<br> <sup>(a)</sup><br>|
| *Total Dominican Republic* | *Total Dominican Republic* | *Total Dominican Republic* | *Total Dominican Republic* | &nbsp;&nbsp; *19768900* |
| *Ecuador — 1.9%* | *Ecuador — 1.9%* | *Ecuador — 1.9%* | *Ecuador — 1.9%* | *Ecuador — 1.9%* |
| &nbsp;&nbsp;&nbsp; Ecuador Government International Bond, Senior Notes | &nbsp;&nbsp; 6.900% | &nbsp;&nbsp; 7/31/35 | &nbsp;&nbsp; 4760000<br>| &nbsp;&nbsp;&nbsp; 3564050<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Emerging Markets Debt Fund Inc. 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

September 30, 2025

 **Western Asset Emerging Markets Debt Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Ecuador — continued* | *Ecuador — continued* | *Ecuador — continued* | *Ecuador — continued* | *Ecuador — continued* |
| &nbsp;&nbsp;&nbsp; Ecuador Government International Bond, Senior Notes, Step bond <br> (5.000% to 7/31/26 then 5.500%) | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/31/40 | &nbsp;&nbsp; 12680000<br>| &nbsp;&nbsp;&nbsp; $8384650<br> <sup>(b)</sup><br>|
| *Total Ecuador* | *Total Ecuador* | *Total Ecuador* | *Total Ecuador* | &nbsp;&nbsp; *11948700* |
| *Egypt — 4.1%* | *Egypt — 4.1%* | *Egypt — 4.1%* | *Egypt — 4.1%* | *Egypt — 4.1%* |
| &nbsp;&nbsp;&nbsp; Egypt Government Bond | &nbsp;&nbsp; 25.318% | &nbsp;&nbsp; 8/13/27 | &nbsp;&nbsp; 153000000 <br><sup>EGP</sup><br>| &nbsp;&nbsp;&nbsp; 3274460<br>|
| &nbsp;&nbsp;&nbsp; Egypt Government International Bond, Senior Notes | &nbsp;&nbsp; 3.875% | &nbsp;&nbsp; 2/16/26 | &nbsp;&nbsp; 2400000<br>| &nbsp;&nbsp;&nbsp; 2386207<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Egypt Government International Bond, Senior Notes | &nbsp;&nbsp; 5.800% | &nbsp;&nbsp; 9/30/27 | &nbsp;&nbsp; 640000<br>| &nbsp;&nbsp;&nbsp; 638768<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Egypt Government International Bond, Senior Notes | &nbsp;&nbsp; 6.588% | &nbsp;&nbsp; 2/21/28 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 2025709<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Egypt Government International Bond, Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 2/16/31 | &nbsp;&nbsp; 5000000<br>| &nbsp;&nbsp;&nbsp; 4664044<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Egypt Government International Bond, Senior Notes | &nbsp;&nbsp; 7.625% | &nbsp;&nbsp; 5/29/32 | &nbsp;&nbsp; 1600000<br>| &nbsp;&nbsp;&nbsp; 1580902<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Egypt Government International Bond, Senior Notes | &nbsp;&nbsp; 7.903% | &nbsp;&nbsp; 2/21/48 | &nbsp;&nbsp; 13560000<br>| &nbsp;&nbsp;&nbsp; 11299381<br> <sup>(a)</sup><br>|
| *Total Egypt* | *Total Egypt* | *Total Egypt* | *Total Egypt* | &nbsp;&nbsp; *25869471* |
| *El Salvador — 1.1%* | *El Salvador — 1.1%* | *El Salvador — 1.1%* | *El Salvador — 1.1%* | *El Salvador — 1.1%* |
| &nbsp;&nbsp;&nbsp; El Salvador Government International Bond, Senior Notes | &nbsp;&nbsp; 0.250% | &nbsp;&nbsp; 4/17/30 | &nbsp;&nbsp; 6250000<br>| &nbsp;&nbsp;&nbsp; 161632<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; El Salvador Government International Bond, Senior Notes | &nbsp;&nbsp; 9.250% | &nbsp;&nbsp; 4/17/30 | &nbsp;&nbsp; 6250000<br>| &nbsp;&nbsp;&nbsp; 6835937<br> <sup>(b)</sup><br>|
| *Total El Salvador* | *Total El Salvador* | *Total El Salvador* | *Total El Salvador* | &nbsp;&nbsp; *6997569* |
| *Ethiopia — 1.6%* | *Ethiopia — 1.6%* | *Ethiopia — 1.6%* | *Ethiopia — 1.6%* | *Ethiopia — 1.6%* |
| &nbsp;&nbsp;&nbsp; Ethiopia International Bond, Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 12/11/25 | &nbsp;&nbsp; 10900000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *10482052*<br> <sup>(a)</sup><br>|
| *Gabon — 0.3%* | *Gabon — 0.3%* | *Gabon — 0.3%* | *Gabon — 0.3%* | *Gabon — 0.3%* |
| &nbsp;&nbsp;&nbsp; Gabon Government International Bond, Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 2/6/31 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *1615894*<br> <sup>(a)</sup><br>|
| *Ghana — 1.5%* | *Ghana — 1.5%* | *Ghana — 1.5%* | *Ghana — 1.5%* | *Ghana — 1.5%* |
| &nbsp;&nbsp;&nbsp; Ghana Government International Bond, Senior Notes, Step bond (5.000% <br> to 7/3/28 then 6.000%) | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/3/29 | &nbsp;&nbsp; 4428358<br>| &nbsp;&nbsp;&nbsp; 4322360<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ghana Government International Bond, Senior Notes, Step bond (5.000% <br> to 7/3/28 then 6.000%) | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/3/35 | &nbsp;&nbsp; 6368052<br>| &nbsp;&nbsp;&nbsp; 5383122<br> <sup>(b)</sup><br>|
| *Total Ghana* | *Total Ghana* | *Total Ghana* | *Total Ghana* | &nbsp;&nbsp; *9705482* |
| *Guatemala — 1.2%* | *Guatemala — 1.2%* | *Guatemala — 1.2%* | *Guatemala — 1.2%* | *Guatemala — 1.2%* |
| &nbsp;&nbsp;&nbsp; Guatemala Government Bond, Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 4/24/32 | &nbsp;&nbsp; 4300000<br>| &nbsp;&nbsp;&nbsp; 4336555<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Guatemala Government Bond, Senior Notes | &nbsp;&nbsp; 6.600% | &nbsp;&nbsp; 6/13/36 | &nbsp;&nbsp; 3000000<br>| &nbsp;&nbsp;&nbsp; 3179095<br> <sup>(b)</sup><br>|
| *Total Guatemala* | *Total Guatemala* | *Total Guatemala* | *Total Guatemala* | &nbsp;&nbsp; *7515650* |
| *Hungary — 2.2%* | *Hungary — 2.2%* | *Hungary — 2.2%* | *Hungary — 2.2%* | *Hungary — 2.2%* |
| &nbsp;&nbsp;&nbsp; Hungary Government International Bond, Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 3/26/36 | &nbsp;&nbsp; 11000000<br>| &nbsp;&nbsp;&nbsp; 11108441<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Hungary Government International Bond, Senior Notes | &nbsp;&nbsp; 3.125% | &nbsp;&nbsp; 9/21/51 | &nbsp;&nbsp; 1300000<br>| &nbsp;&nbsp;&nbsp; 822564<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Magyar Export-Import Bank Zrt, Senior Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 12/4/27 | &nbsp;&nbsp; 1900000<br>| &nbsp;&nbsp;&nbsp; 1966076<br> <sup>(b)</sup><br>|
| *Total Hungary* | *Total Hungary* | *Total Hungary* | *Total Hungary* | &nbsp;&nbsp; *13897081* |
| *Indonesia — 1.4%* | *Indonesia — 1.4%* | *Indonesia — 1.4%* | *Indonesia — 1.4%* | *Indonesia — 1.4%* |
| &nbsp;&nbsp;&nbsp; Indonesia Government International Bond, Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 2/17/37 | &nbsp;&nbsp; 3210000<br>| &nbsp;&nbsp;&nbsp; 3643316<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Indonesia Government International Bond, Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 1/17/42 | &nbsp;&nbsp; 5000000<br>| &nbsp;&nbsp;&nbsp; 5030421<br> <sup>(b)</sup><br>|
| *Total Indonesia* | *Total Indonesia* | *Total Indonesia* | *Total Indonesia* | &nbsp;&nbsp; *8673737* |
| *Ivory Coast — 2.1%* | *Ivory Coast — 2.1%* | *Ivory Coast — 2.1%* | *Ivory Coast — 2.1%* | *Ivory Coast — 2.1%* |
| &nbsp;&nbsp;&nbsp; Ivory Coast Government International Bond, Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 3/22/30 | &nbsp;&nbsp; 4800000 <br><sup>EUR</sup><br>| &nbsp;&nbsp;&nbsp; 5641556<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ivory Coast Government International Bond, Senior Notes | &nbsp;&nbsp; 7.625% | &nbsp;&nbsp; 1/30/33 | &nbsp;&nbsp; 3910000<br>| &nbsp;&nbsp;&nbsp; 4070900<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ivory Coast Government International Bond, Senior Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 6/15/33 | &nbsp;&nbsp; 2500000<br>| &nbsp;&nbsp;&nbsp; 2406206<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ivory Coast Government International Bond, Senior Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 6/15/33 | &nbsp;&nbsp; 1200000<br>| &nbsp;&nbsp;&nbsp; 1154979<br> <sup>(b)</sup><br>|
| *Total Ivory Coast* | *Total Ivory Coast* | *Total Ivory Coast* | *Total Ivory Coast* | &nbsp;&nbsp; *13273641* |

---

See Notes to Schedule of Investments.

------

Western Asset Emerging Markets Debt Fund Inc. 2025 Quarterly Report

------

 **Western Asset Emerging Markets Debt Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Jamaica — 0.6%* | *Jamaica — 0.6%* | *Jamaica — 0.6%* | *Jamaica — 0.6%* | *Jamaica — 0.6%* |
| &nbsp;&nbsp;&nbsp; Jamaica Government International Bond, Senior Notes | &nbsp;&nbsp; 9.625% | &nbsp;&nbsp; 11/3/30 | &nbsp;&nbsp; 617000000 <br><sup>JMD</sup><br>| &nbsp;&nbsp;&nbsp; $*4045740*<br>|
| *Jordan — 2.3%* | *Jordan — 2.3%* | *Jordan — 2.3%* | *Jordan — 2.3%* | *Jordan — 2.3%* |
| &nbsp;&nbsp;&nbsp; Jordan Government International Bond, Senior Notes | &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 1/15/28 | &nbsp;&nbsp; 3120000<br>| &nbsp;&nbsp;&nbsp; 3265658<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Jordan Government International Bond, Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 1/13/29 | &nbsp;&nbsp; 1600000<br>| &nbsp;&nbsp;&nbsp; 1672453<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Jordan Government International Bond, Senior Notes | &nbsp;&nbsp; 5.850% | &nbsp;&nbsp; 7/7/30 | &nbsp;&nbsp; 6350000<br>| &nbsp;&nbsp;&nbsp; 6343140<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Jordan Government International Bond, Senior Notes | &nbsp;&nbsp; 7.375% | &nbsp;&nbsp; 10/10/47 | &nbsp;&nbsp; 3820000<br>| &nbsp;&nbsp;&nbsp; 3664872<br> <sup>(b)</sup><br>|
| *Total Jordan* | *Total Jordan* | *Total Jordan* | *Total Jordan* | &nbsp;&nbsp; *14946123* |
| *Kenya — 1.2%* | *Kenya — 1.2%* | *Kenya — 1.2%* | *Kenya — 1.2%* | *Kenya — 1.2%* |
| &nbsp;&nbsp;&nbsp; Republic of Kenya Government International Bond, Senior Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 2/28/28 | &nbsp;&nbsp; 4680000<br>| &nbsp;&nbsp;&nbsp; 4814580<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Republic of Kenya Government International Bond, Senior Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 5/22/32 | &nbsp;&nbsp; 2900000<br>| &nbsp;&nbsp;&nbsp; 2896956<br> <sup>(a)</sup><br>|
| *Total Kenya* | *Total Kenya* | *Total Kenya* | *Total Kenya* | &nbsp;&nbsp; *7711536* |
| *Mexico — 2.2%* | *Mexico — 2.2%* | *Mexico — 2.2%* | *Mexico — 2.2%* | *Mexico — 2.2%* |
| &nbsp;&nbsp;&nbsp; Eagle Funding Luxco Sarl, Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 8/17/30 | &nbsp;&nbsp; 2400000<br>| &nbsp;&nbsp;&nbsp; 2437944<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mexican Bonos, Bonds | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 3/5/26 | &nbsp;&nbsp; 218080000 <br><sup>MXN</sup><br>| &nbsp;&nbsp;&nbsp; 11806131<br>|
| *Total Mexico* | *Total Mexico* | *Total Mexico* | *Total Mexico* | &nbsp;&nbsp; *14244075* |
| *Mozambique — 0.3%* | *Mozambique — 0.3%* | *Mozambique — 0.3%* | *Mozambique — 0.3%* | *Mozambique — 0.3%* |
| &nbsp;&nbsp;&nbsp; Mozambique International Bond, Senior Notes | &nbsp;&nbsp; 9.000% | &nbsp;&nbsp; 9/15/31 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *1788048*<br> <sup>(a)</sup><br>|
| *Nigeria — 2.4%* | *Nigeria — 2.4%* | *Nigeria — 2.4%* | *Nigeria — 2.4%* | *Nigeria — 2.4%* |
| &nbsp;&nbsp;&nbsp; Nigeria Government International Bond, Senior Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 9/28/28 | &nbsp;&nbsp; 1820000<br>| &nbsp;&nbsp;&nbsp; 1790502<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Nigeria Government International Bond, Senior Notes | &nbsp;&nbsp; 8.375% | &nbsp;&nbsp; 3/24/29 | &nbsp;&nbsp; 1500000<br>| &nbsp;&nbsp;&nbsp; 1552436<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Nigeria Government International Bond, Senior Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 2/16/32 | &nbsp;&nbsp; 2600000<br>| &nbsp;&nbsp;&nbsp; 2589205<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Nigeria Government International Bond, Senior Notes | &nbsp;&nbsp; 7.696% | &nbsp;&nbsp; 2/23/38 | &nbsp;&nbsp; 9930000<br>| &nbsp;&nbsp;&nbsp; 9224949<br> <sup>(a)</sup><br>|
| *Total Nigeria* | *Total Nigeria* | *Total Nigeria* | *Total Nigeria* | &nbsp;&nbsp; *15157092* |
| *Oman — 2.3%* | *Oman — 2.3%* | *Oman — 2.3%* | *Oman — 2.3%* | *Oman — 2.3%* |
| &nbsp;&nbsp;&nbsp; Oman Government International Bond, Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 1/17/28 | &nbsp;&nbsp; 7500000<br>| &nbsp;&nbsp;&nbsp; 7703592<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Oman Government International Bond, Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 1/17/48 | &nbsp;&nbsp; 6500000<br>| &nbsp;&nbsp;&nbsp; 7150862<br> <sup>(a)</sup><br>|
| *Total Oman* | *Total Oman* | *Total Oman* | *Total Oman* | &nbsp;&nbsp; *14854454* |
| *Panama — 1.1%* | *Panama — 1.1%* | *Panama — 1.1%* | *Panama — 1.1%* | *Panama — 1.1%* |
| &nbsp;&nbsp;&nbsp; Panama Government International Bond, Senior Notes | &nbsp;&nbsp; 9.375% | &nbsp;&nbsp; 4/1/29 | &nbsp;&nbsp; 910000<br>| &nbsp;&nbsp;&nbsp; 1037764<br>|
| &nbsp;&nbsp;&nbsp; Panama Government International Bond, Senior Notes | &nbsp;&nbsp; 4.500% | &nbsp;&nbsp; 4/16/50 | &nbsp;&nbsp; 2430000<br>| &nbsp;&nbsp;&nbsp; 1834456<br>|
| &nbsp;&nbsp;&nbsp; Panama Government International Bond, Senior Notes | &nbsp;&nbsp; 3.870% | &nbsp;&nbsp; 7/23/60 | &nbsp;&nbsp; 6700000<br>| &nbsp;&nbsp;&nbsp; 4331885<br>|
| *Total Panama* | *Total Panama* | *Total Panama* | *Total Panama* | &nbsp;&nbsp; *7204105* |
| *Paraguay — 1.1%* | *Paraguay — 1.1%* | *Paraguay — 1.1%* | *Paraguay — 1.1%* | *Paraguay — 1.1%* |
| &nbsp;&nbsp;&nbsp; Paraguay Government International Bond, Senior Notes | &nbsp;&nbsp; 7.900% | &nbsp;&nbsp; 2/9/31 | &nbsp;&nbsp; 22024000000 <br><sup>PYG</sup><br>| &nbsp;&nbsp;&nbsp; 3005619<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Paraguay Government International Bond, Senior Notes | &nbsp;&nbsp; 2.739% | &nbsp;&nbsp; 1/29/33 | &nbsp;&nbsp; 1900000<br>| &nbsp;&nbsp;&nbsp; 1683476<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Paraguay Government International Bond, Senior Notes | &nbsp;&nbsp; 6.650% | &nbsp;&nbsp; 3/4/55 | &nbsp;&nbsp; 2220000<br>| &nbsp;&nbsp;&nbsp; 2366409<br> <sup>(b)</sup><br>|
| *Total Paraguay* | *Total Paraguay* | *Total Paraguay* | *Total Paraguay* | &nbsp;&nbsp; *7055504* |
| *Peru — 1.1%* | *Peru — 1.1%* | *Peru — 1.1%* | *Peru — 1.1%* | *Peru — 1.1%* |
| &nbsp;&nbsp;&nbsp; Peruvian Government International Bond, Senior Notes | &nbsp;&nbsp; 8.750% | &nbsp;&nbsp; 11/21/33 | &nbsp;&nbsp; 5498000<br>| &nbsp;&nbsp;&nbsp; *6921432*<br>|
| *Poland — 2.1%* | *Poland — 2.1%* | *Poland — 2.1%* | *Poland — 2.1%* | *Poland — 2.1%* |
| &nbsp;&nbsp;&nbsp; Bank Gospodarstwa Krajowego, Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 5/22/33 | &nbsp;&nbsp; 6300000<br>| &nbsp;&nbsp;&nbsp; 6526526<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Republic of Poland Government International Bond, Senior Notes | &nbsp;&nbsp; 4.875% | &nbsp;&nbsp; 10/4/33 | &nbsp;&nbsp; 7000000<br>| &nbsp;&nbsp;&nbsp; 7101629<br>|
| *Total Poland* | *Total Poland* | *Total Poland* | *Total Poland* | &nbsp;&nbsp; *13628155* |
| *Qatar — 2.2%* | *Qatar — 2.2%* | *Qatar — 2.2%* | *Qatar — 2.2%* | *Qatar — 2.2%* |
| &nbsp;&nbsp;&nbsp; Qatar Government International Bond, Senior Notes | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 6/2/46 | &nbsp;&nbsp; 10000000<br>| &nbsp;&nbsp;&nbsp; 9339884<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Emerging Markets Debt Fund Inc. 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

September 30, 2025

 **Western Asset Emerging Markets Debt Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Qatar — continued* | *Qatar — continued* | *Qatar — continued* | *Qatar — continued* | *Qatar — continued* |
| &nbsp;&nbsp;&nbsp; Qatar Government International Bond, Senior Notes | &nbsp;&nbsp; 5.103% | &nbsp;&nbsp; 4/23/48 | &nbsp;&nbsp; 4920000<br>| &nbsp;&nbsp;&nbsp; $4900623<br> <sup>(b)</sup><br>|
| *Total Qatar* | *Total Qatar* | *Total Qatar* | *Total Qatar* | &nbsp;&nbsp; *14240507* |
| *Romania — 3.4%* | *Romania — 3.4%* | *Romania — 3.4%* | *Romania — 3.4%* | *Romania — 3.4%* |
| &nbsp;&nbsp;&nbsp; Romanian Government International Bond, Senior Notes | &nbsp;&nbsp; 3.625% | &nbsp;&nbsp; 3/27/32 | &nbsp;&nbsp; 16840000<br>| &nbsp;&nbsp;&nbsp; 15039878<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Romanian Government International Bond, Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 2/10/37 | &nbsp;&nbsp; 6200000<br>| &nbsp;&nbsp;&nbsp; 6667255<br> <sup>(b)</sup><br>|
| *Total Romania* | *Total Romania* | *Total Romania* | *Total Romania* | &nbsp;&nbsp; *21707133* |
| *Saudi Arabia — 0.4%* | *Saudi Arabia — 0.4%* | *Saudi Arabia — 0.4%* | *Saudi Arabia — 0.4%* | *Saudi Arabia — 0.4%* |
| &nbsp;&nbsp;&nbsp; Saudi Government International Bond, Senior Notes | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 10/4/47 | &nbsp;&nbsp; 2500000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *2183351*<br> <sup>(a)</sup><br>|
| *Senegal — 0.2%* | *Senegal — 0.2%* | *Senegal — 0.2%* | *Senegal — 0.2%* | *Senegal — 0.2%* |
| &nbsp;&nbsp;&nbsp; Senegal Government International Bond, Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 5/23/33 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *1453735*<br> <sup>(a)</sup><br>|
| *South Africa — 1.7%* | *South Africa — 1.7%* | *South Africa — 1.7%* | *South Africa — 1.7%* | *South Africa — 1.7%* |
| &nbsp;&nbsp;&nbsp; Republic of South Africa Government Bond, Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 3/31/36 | &nbsp;&nbsp; 35700000 <br><sup>ZAR</sup><br>| &nbsp;&nbsp;&nbsp; 1640171<br>|
| &nbsp;&nbsp;&nbsp; Republic of South Africa Government Bond, Senior Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 2/28/41 | &nbsp;&nbsp; 93920000 <br><sup>ZAR</sup><br>| &nbsp;&nbsp;&nbsp; 3939664<br>|
| &nbsp;&nbsp;&nbsp; Republic of South Africa Government International Bond, Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/12/46 | &nbsp;&nbsp; 5000000<br>| &nbsp;&nbsp;&nbsp; 3755311<br>|
| &nbsp;&nbsp;&nbsp; Republic of South Africa Government International Bond, Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 9/30/49 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 1605135<br>|
| *Total South Africa* | *Total South Africa* | *Total South Africa* | *Total South Africa* | &nbsp;&nbsp; *10940281* |
| *South Korea — 0.2%* | *South Korea — 0.2%* | *South Korea — 0.2%* | *South Korea — 0.2%* | *South Korea — 0.2%* |
| &nbsp;&nbsp;&nbsp; Korea Housing Finance Corp., Senior Notes | &nbsp;&nbsp; 3.875% | &nbsp;&nbsp; 9/17/30 | &nbsp;&nbsp; 1000000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *989609*<br> <sup>(b)</sup><br>|
| *Sri Lanka — 0.3%* | *Sri Lanka — 0.3%* | *Sri Lanka — 0.3%* | *Sri Lanka — 0.3%* | *Sri Lanka — 0.3%* |
| &nbsp;&nbsp;&nbsp; Sri Lanka Government International Bond, Senior Notes, Step bond <br> (3.100% to 7/15/27 then 3.350%) | &nbsp;&nbsp; 3.100% | &nbsp;&nbsp; 1/15/30 | &nbsp;&nbsp; 517950<br>| &nbsp;&nbsp;&nbsp; 486225<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sri Lanka Government International Bond, Senior Notes, Step bond <br> (3.350% to 9/15/27 then 3.600%) | &nbsp;&nbsp; 3.350% | &nbsp;&nbsp; 3/15/33 | &nbsp;&nbsp; 1015950<br>| &nbsp;&nbsp;&nbsp; 873255<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sri Lanka Government International Bond, Senior Notes, Step bond <br> (3.600% to 11/15/27 then 3.850%) | &nbsp;&nbsp; 3.600% | &nbsp;&nbsp; 5/15/36 | &nbsp;&nbsp; 476100<br>| &nbsp;&nbsp;&nbsp; 422493<br> <sup>(b)</sup><br>|
| *Total Sri Lanka* | *Total Sri Lanka* | *Total Sri Lanka* | *Total Sri Lanka* | &nbsp;&nbsp; *1781973* |
| *Supranational — 5.4%* | *Supranational — 5.4%* | *Supranational — 5.4%* | *Supranational — 5.4%* | *Supranational — 5.4%* |
| &nbsp;&nbsp;&nbsp; Africa Finance Corp., Senior Notes | &nbsp;&nbsp; 3.750% | &nbsp;&nbsp; 10/30/29 | &nbsp;&nbsp; 3000000<br>| &nbsp;&nbsp;&nbsp; 2876275<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; African Export-Import Bank, Senior Notes | &nbsp;&nbsp; 2.634% | &nbsp;&nbsp; 5/17/26 | &nbsp;&nbsp; 3100000<br>| &nbsp;&nbsp;&nbsp; 3060167<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; African Export-Import Bank, Senior Notes | &nbsp;&nbsp; 3.798% | &nbsp;&nbsp; 5/17/31 | &nbsp;&nbsp; 3000000<br>| &nbsp;&nbsp;&nbsp; 2708574<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Asian Development Bank, Senior Notes | &nbsp;&nbsp; 20.000% | &nbsp;&nbsp; 3/27/26 | &nbsp;&nbsp; 4791000000 <br><sup>NGN</sup><br>| &nbsp;&nbsp;&nbsp; 3306983<br>|
| &nbsp;&nbsp;&nbsp; Asian Development Bank, Senior Notes | &nbsp;&nbsp; 30.000% | &nbsp;&nbsp; 7/29/26 | &nbsp;&nbsp; 370980000 <br><sup>TRY</sup><br>| &nbsp;&nbsp;&nbsp; 8263417<br>|
| &nbsp;&nbsp;&nbsp; European Bank for Reconstruction & Development, Senior Notes | &nbsp;&nbsp; 21.000% | &nbsp;&nbsp; 7/21/26 | &nbsp;&nbsp; 2850000000 <br><sup>NGN</sup><br>| &nbsp;&nbsp;&nbsp; 1939758<br>|
| &nbsp;&nbsp;&nbsp; Inter-American Development Bank, Senior Notes | &nbsp;&nbsp; 6.650% | &nbsp;&nbsp; 2/6/31 | &nbsp;&nbsp; 1000000000 <br><sup>CRC</sup><br>| &nbsp;&nbsp;&nbsp; 1938771<br>|
| &nbsp;&nbsp;&nbsp; International Bank for Reconstruction & Development, Senior Notes | &nbsp;&nbsp; 6.850% | &nbsp;&nbsp; 4/24/28 | &nbsp;&nbsp; 250000000 <br><sup>INR</sup><br>| &nbsp;&nbsp;&nbsp; 2833361<br>|
| &nbsp;&nbsp;&nbsp; International Bank for Reconstruction & Development, Senior Notes | &nbsp;&nbsp; 8.050% | &nbsp;&nbsp; 5/10/28 | &nbsp;&nbsp; 312500000 <br><sup>UYU</sup><br>| &nbsp;&nbsp;&nbsp; 7755742<br>|
| *Total Supranational* | *Total Supranational* | *Total Supranational* | *Total Supranational* | &nbsp;&nbsp; *34683048* |
| *Turkey — 1.9%* | *Turkey — 1.9%* | *Turkey — 1.9%* | *Turkey — 1.9%* | *Turkey — 1.9%* |
| &nbsp;&nbsp;&nbsp; Turkiye Government International Bond, Senior Notes | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 2/17/28 | &nbsp;&nbsp; 4000000<br>| &nbsp;&nbsp;&nbsp; 3997332<br>|
| &nbsp;&nbsp;&nbsp; Turkiye Government International Bond, Senior Notes | &nbsp;&nbsp; 9.375% | &nbsp;&nbsp; 3/14/29 | &nbsp;&nbsp; 3000000<br>| &nbsp;&nbsp;&nbsp; 3352571<br>|
| &nbsp;&nbsp;&nbsp; Turkiye Government International Bond, Senior Notes | &nbsp;&nbsp; 7.625% | &nbsp;&nbsp; 5/15/34 | &nbsp;&nbsp; 3040000<br>| &nbsp;&nbsp;&nbsp; 3230562<br>|
| &nbsp;&nbsp;&nbsp; Turkiye Government International Bond, Senior Notes | &nbsp;&nbsp; 4.875% | &nbsp;&nbsp; 4/16/43 | &nbsp;&nbsp; 2160000<br>| &nbsp;&nbsp;&nbsp; 1606157<br>|
| *Total Turkey* | *Total Turkey* | *Total Turkey* | *Total Turkey* | &nbsp;&nbsp; *12186622* |
| *Ukraine — 1.9%* | *Ukraine — 1.9%* | *Ukraine — 1.9%* | *Ukraine — 1.9%* | *Ukraine — 1.9%* |
| &nbsp;&nbsp;&nbsp; Ukraine Government International Bond, Senior Notes, Step bond (0.000% <br> to 2/1/27 then 3.000%) | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 2/1/30 | &nbsp;&nbsp; 807487<br>| &nbsp;&nbsp;&nbsp; 427531<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Emerging Markets Debt Fund Inc. 2025 Quarterly Report

------

 **Western Asset Emerging Markets Debt Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Ukraine — continued* | *Ukraine — continued* | *Ukraine — continued* | *Ukraine — continued* | *Ukraine — continued* |
| &nbsp;&nbsp;&nbsp; Ukraine Government International Bond, Senior Notes, Step bond (0.000% <br> to 2/1/27 then 3.000%) | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 2/1/34 | &nbsp;&nbsp; 3017457<br>| &nbsp;&nbsp;&nbsp; $1262417<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ukraine Government International Bond, Senior Notes, Step bond (4.500% <br> to 2/1/27 then 6.000%) | &nbsp;&nbsp; 4.500% | &nbsp;&nbsp; 2/1/34 | &nbsp;&nbsp; 6686005<br>| &nbsp;&nbsp;&nbsp; 3772025<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ukraine Government International Bond, Senior Notes, Step bond (0.000% <br> to 2/1/27 then 3.000%) | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 2/1/35 | &nbsp;&nbsp; 2549964<br>| &nbsp;&nbsp;&nbsp; 1247310<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ukraine Government International Bond, Senior Notes, Step bond (4.500% <br> to 2/1/27 then 6.000%) | &nbsp;&nbsp; 4.500% | &nbsp;&nbsp; 2/1/35 | &nbsp;&nbsp; 4258403<br>| &nbsp;&nbsp;&nbsp; 2357946<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ukraine Government International Bond, Senior Notes, Step bond (0.000% <br> to 2/1/27 then 3.000%) | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 2/1/36 | &nbsp;&nbsp; 2124969<br>| &nbsp;&nbsp;&nbsp; 1039441<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ukraine Government International Bond, Senior Notes, Step bond (4.500% <br> to 2/1/27 then 6.000%) | &nbsp;&nbsp; 4.500% | &nbsp;&nbsp; 2/1/36 | &nbsp;&nbsp; 3837998<br>| &nbsp;&nbsp;&nbsp; 2099105<br> <sup>(a)</sup><br>|
| *Total Ukraine* | *Total Ukraine* | *Total Ukraine* | *Total Ukraine* | &nbsp;&nbsp; *12205775* |
| *Uruguay — 2.2%* | *Uruguay — 2.2%* | *Uruguay — 2.2%* | *Uruguay — 2.2%* | *Uruguay — 2.2%* |
| &nbsp;&nbsp;&nbsp; Uruguay Government International Bond, Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 10/28/34 | &nbsp;&nbsp; 10408526<br>| &nbsp;&nbsp;&nbsp; 11183961<br>|
| &nbsp;&nbsp;&nbsp; Uruguay Government International Bond, Senior Notes | &nbsp;&nbsp; 5.100% | &nbsp;&nbsp; 6/18/50 | &nbsp;&nbsp; 3260000<br>| &nbsp;&nbsp;&nbsp; 3094555<br>|
| *Total Uruguay* | *Total Uruguay* | *Total Uruguay* | *Total Uruguay* | &nbsp;&nbsp; *14278516* |
| *Uzbekistan — 1.1%* | *Uzbekistan — 1.1%* | *Uzbekistan — 1.1%* | *Uzbekistan — 1.1%* | *Uzbekistan — 1.1%* |
| &nbsp;&nbsp;&nbsp; Republic of Uzbekistan International Bond, Senior Notes | &nbsp;&nbsp; 3.700% | &nbsp;&nbsp; 11/25/30 | &nbsp;&nbsp; 4000000<br>| &nbsp;&nbsp;&nbsp; 3702821<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Republic of Uzbekistan International Bond, Senior Notes | &nbsp;&nbsp; 3.900% | &nbsp;&nbsp; 10/19/31 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 1841725<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Republic of Uzbekistan International Bond, Senior Notes | &nbsp;&nbsp; 6.900% | &nbsp;&nbsp; 2/28/32 | &nbsp;&nbsp; 1560000<br>| &nbsp;&nbsp;&nbsp; 1680797<br> <sup>(b)</sup><br>|
| *Total Uzbekistan* | *Total Uzbekistan* | *Total Uzbekistan* | *Total Uzbekistan* | &nbsp;&nbsp; *7225343* |
| *Venezuela — 1.0%* | *Venezuela — 1.0%* | *Venezuela — 1.0%* | *Venezuela — 1.0%* | *Venezuela — 1.0%* |
| &nbsp;&nbsp;&nbsp; Venezuela Government International Bond, Senior Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 10/13/19 | &nbsp;&nbsp; 22130000<br>| &nbsp;&nbsp;&nbsp; 4,184,783<br> \*<sup>(a)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Venezuela Government International Bond, Senior Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 10/13/24 | &nbsp;&nbsp; 7000000<br>| &nbsp;&nbsp;&nbsp; 1,446,200<br> \*<sup>(a)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Venezuela Government International Bond, Senior Notes | &nbsp;&nbsp; 9.250% | &nbsp;&nbsp; 9/15/27 | &nbsp;&nbsp; 4205000<br>| &nbsp;&nbsp;&nbsp; 1,025,389<br> \*<sup>(d)</sup><br>|
| *Total Venezuela* | *Total Venezuela* | *Total Venezuela* | *Total Venezuela* | &nbsp;&nbsp; *6656372* |
| *Zambia — 0.4%* | *Zambia — 0.4%* | *Zambia — 0.4%* | *Zambia — 0.4%* | *Zambia — 0.4%* |
| &nbsp;&nbsp;&nbsp; Zambia Government International Bond, Senior Notes, Step bond (5.750% <br> to 6/30/31 then 7.500%) | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 6/30/33 | &nbsp;&nbsp; 2934299<br>| &nbsp;&nbsp;&nbsp;&nbsp; *2812356*<br> <sup>(a)</sup><br>|
| **Total Sovereign Bonds (Cost — $446,186,205)** | **Total Sovereign Bonds (Cost — $446,186,205)** | **Total Sovereign Bonds (Cost — $446,186,205)** | **Total Sovereign Bonds (Cost — $446,186,205)** | &nbsp;&nbsp; **480912726** |
| **Corporate Bonds & Notes — 56.2%** | **Corporate Bonds & Notes — 56.2%** | **Corporate Bonds & Notes — 56.2%** | **Corporate Bonds & Notes — 56.2%** | **Corporate Bonds & Notes — 56.2%** |
| **Communication Services — 4.7%** | **Communication Services — 4.7%** | **Communication Services — 4.7%** | **Communication Services — 4.7%** | **Communication Services — 4.7%** |
| *Diversified Telecommunication Services — 2.7%* | *Diversified Telecommunication Services — 2.7%* | *Diversified Telecommunication Services — 2.7%* | *Diversified Telecommunication Services — 2.7%* | *Diversified Telecommunication Services — 2.7%* |
| &nbsp;&nbsp;&nbsp; Altice Financing SA, Senior Secured Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 8/15/29 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 1506670<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; IHS Holding Ltd., Senior Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 5/29/30 | &nbsp;&nbsp; 3160000<br>| &nbsp;&nbsp;&nbsp; 3272027<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Liquid Telecommunications Financing PLC, Senior Secured Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 9/4/26 | &nbsp;&nbsp; 1500000<br>| &nbsp;&nbsp;&nbsp; 1310440<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Telecom Argentina SA, Senior Notes | &nbsp;&nbsp; 9.250% | &nbsp;&nbsp; 5/28/33 | &nbsp;&nbsp; 7500000<br>| &nbsp;&nbsp;&nbsp; 7381099<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Turk Telekomunikasyon AS, Senior Notes | &nbsp;&nbsp; 7.375% | &nbsp;&nbsp; 5/20/29 | &nbsp;&nbsp; 4000000<br>| &nbsp;&nbsp;&nbsp; 4147878<br> <sup>(b)</sup><br>|
| *Total Diversified Telecommunication Services* | *Total Diversified Telecommunication Services* | *Total Diversified Telecommunication Services* | *Total Diversified Telecommunication Services* | &nbsp;&nbsp; *17618114* |
| *Entertainment — 0.4%* | *Entertainment — 0.4%* | *Entertainment — 0.4%* | *Entertainment — 0.4%* | *Entertainment — 0.4%* |
| &nbsp;&nbsp;&nbsp; Flutter Treasury DAC, Senior Secured Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 6/4/31 | &nbsp;&nbsp; 1800000<br>| &nbsp;&nbsp;&nbsp; 1828233<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Warnermedia Holdings Inc., Senior Notes | &nbsp;&nbsp; 4.279% | &nbsp;&nbsp; 3/15/32 | &nbsp;&nbsp; 871000<br>| &nbsp;&nbsp;&nbsp; 799143<br>|
| *Total Entertainment* | *Total Entertainment* | *Total Entertainment* | *Total Entertainment* | &nbsp;&nbsp; *2627376* |
| *Media — 1.3%* | *Media — 1.3%* | *Media — 1.3%* | *Media — 1.3%* | *Media — 1.3%* |
| &nbsp;&nbsp;&nbsp; Grupo Televisa SAB, Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/13/45 | &nbsp;&nbsp; 9850000<br>| &nbsp;&nbsp;&nbsp; 6871025<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Emerging Markets Debt Fund Inc. 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

September 30, 2025

 **Western Asset Emerging Markets Debt Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Media — continued* | *Media — continued* | *Media — continued* | *Media — continued* | *Media — continued* |
| &nbsp;&nbsp;&nbsp; Virgin Media Vendor Financing Notes III DAC, Senior Secured Notes | &nbsp;&nbsp; 4.875% | &nbsp;&nbsp; 7/15/28 | &nbsp;&nbsp; 1000000 <br><sup>GBP</sup><br>| &nbsp;&nbsp;&nbsp; $1315189<br> <sup>(b)</sup><br>|
| *Total Media* | *Total Media* | *Total Media* | *Total Media* | &nbsp;&nbsp; *8186214* |
| *Wireless Telecommunication Services — 0.3%* | *Wireless Telecommunication Services — 0.3%* | *Wireless Telecommunication Services — 0.3%* | *Wireless Telecommunication Services — 0.3%* | *Wireless Telecommunication Services — 0.3%* |
| &nbsp;&nbsp;&nbsp; Millicom International Cellular SA, Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 3/25/29 | &nbsp;&nbsp; 1638900<br>| &nbsp;&nbsp;&nbsp;&nbsp; *1655224*<br> <sup>(b)</sup><br>|
| **Total Communication Services** | **Total Communication Services** | **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **30086928** |
| **Consumer Discretionary — 5.5%** | **Consumer Discretionary — 5.5%** | **Consumer Discretionary — 5.5%** | **Consumer Discretionary — 5.5%** | **Consumer Discretionary — 5.5%** |
| *Automobile Components — 1.0%* | *Automobile Components — 1.0%* | *Automobile Components — 1.0%* | *Automobile Components — 1.0%* | *Automobile Components — 1.0%* |
| &nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd., Senior Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 4/15/31 | &nbsp;&nbsp; 2750000<br>| &nbsp;&nbsp;&nbsp; 2886309<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; ZF North America Capital Inc., Senior Notes | &nbsp;&nbsp; 7.125% | &nbsp;&nbsp; 4/14/30 | &nbsp;&nbsp; 2500000<br>| &nbsp;&nbsp;&nbsp; 2477431<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; ZF North America Capital Inc., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 4/23/30 | &nbsp;&nbsp; 1500000<br>| &nbsp;&nbsp;&nbsp; 1464936<br> <sup>(b)</sup><br>|
| *Total Automobile Components* | *Total Automobile Components* | *Total Automobile Components* | *Total Automobile Components* | &nbsp;&nbsp; *6828676* |
| *Broadline Retail — 1.0%* | *Broadline Retail — 1.0%* | *Broadline Retail — 1.0%* | *Broadline Retail — 1.0%* | *Broadline Retail — 1.0%* |
| &nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd., Senior Notes | &nbsp;&nbsp; 2.125% | &nbsp;&nbsp; 2/9/31 | &nbsp;&nbsp; 1600000<br>| &nbsp;&nbsp;&nbsp; 1443390<br>|
| &nbsp;&nbsp;&nbsp; Prosus NV, Senior Notes | &nbsp;&nbsp; 3.257% | &nbsp;&nbsp; 1/19/27 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 1969625<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Prosus NV, Senior Notes | &nbsp;&nbsp; 3.680% | &nbsp;&nbsp; 1/21/30 | &nbsp;&nbsp; 3200000<br>| &nbsp;&nbsp;&nbsp; 3075040<br> <sup>(a)</sup><br>|
| *Total Broadline Retail* | *Total Broadline Retail* | *Total Broadline Retail* | *Total Broadline Retail* | &nbsp;&nbsp; *6488055* |
| *Hotels, Restaurants & Leisure — 3.5%* | *Hotels, Restaurants & Leisure — 3.5%* | *Hotels, Restaurants & Leisure — 3.5%* | *Hotels, Restaurants & Leisure — 3.5%* | *Hotels, Restaurants & Leisure — 3.5%* |
| &nbsp;&nbsp;&nbsp; Full House Resorts Inc., Senior Secured Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 2/15/28 | &nbsp;&nbsp; 2280000<br>| &nbsp;&nbsp;&nbsp; 2118140<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Las Vegas Sands Corp., Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 6/15/28 | &nbsp;&nbsp; 3500000<br>| &nbsp;&nbsp;&nbsp; 3579029<br>|
| &nbsp;&nbsp;&nbsp; Las Vegas Sands Corp., Senior Notes | &nbsp;&nbsp; 3.900% | &nbsp;&nbsp; 8/8/29 | &nbsp;&nbsp; 1500000<br>| &nbsp;&nbsp;&nbsp; 1451944<br>|
| &nbsp;&nbsp;&nbsp; Las Vegas Sands Corp., Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 6/14/30 | &nbsp;&nbsp; 1290000<br>| &nbsp;&nbsp;&nbsp; 1343974<br>|
| &nbsp;&nbsp;&nbsp; Melco Resorts Finance Ltd., Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 12/4/29 | &nbsp;&nbsp; 4500000<br>| &nbsp;&nbsp;&nbsp; 4433345<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Melco Resorts Finance Ltd., Senior Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 9/24/33 | &nbsp;&nbsp; 2830000<br>| &nbsp;&nbsp;&nbsp; 2839311<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sands China Ltd., Senior Notes | &nbsp;&nbsp; 5.400% | &nbsp;&nbsp; 8/8/28 | &nbsp;&nbsp; 2700000<br>| &nbsp;&nbsp;&nbsp; 2764060<br>|
| &nbsp;&nbsp;&nbsp; Wynn Macau Ltd., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 10/1/27 | &nbsp;&nbsp; 3000000<br>| &nbsp;&nbsp;&nbsp; 3002024<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wynn Macau Ltd., Senior Notes | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 12/15/29 | &nbsp;&nbsp; 750000<br>| &nbsp;&nbsp;&nbsp; 736425<br> <sup>(b)</sup><br>|
| *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | &nbsp;&nbsp; *22268252* |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **35584983** |
| **Consumer Staples — 1.6%** | **Consumer Staples — 1.6%** | **Consumer Staples — 1.6%** | **Consumer Staples — 1.6%** | **Consumer Staples — 1.6%** |
| *Beverages — 0.5%* | *Beverages — 0.5%* | *Beverages — 0.5%* | *Beverages — 0.5%* | *Beverages — 0.5%* |
| &nbsp;&nbsp;&nbsp; Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL, <br> Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 4/27/29 | &nbsp;&nbsp; 3130000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *3093890*<br> <sup>(b)</sup><br>|
| *Food Products — 0.8%* | *Food Products — 0.8%* | *Food Products — 0.8%* | *Food Products — 0.8%* | *Food Products — 0.8%* |
| &nbsp;&nbsp;&nbsp; Grupo Nutresa SA, Senior Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 5/12/30 | &nbsp;&nbsp; 3000000<br>| &nbsp;&nbsp;&nbsp; 3216750<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ulker Biskuvi Sanayi AS, Senior Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 7/8/31 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 2086881<br> <sup>(b)</sup><br>|
| *Total Food Products* | *Total Food Products* | *Total Food Products* | *Total Food Products* | &nbsp;&nbsp; *5303631* |
| *Personal Care Products — 0.3%* | *Personal Care Products — 0.3%* | *Personal Care Products — 0.3%* | *Personal Care Products — 0.3%* | *Personal Care Products — 0.3%* |
| &nbsp;&nbsp;&nbsp; Natura &Co. Luxembourg Holdings Sarl, Senior Notes | &nbsp;&nbsp; 4.125% | &nbsp;&nbsp; 5/3/28 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *1920955*<br> <sup>(a)</sup><br>|
| **Total Consumer Staples** | **Total Consumer Staples** | **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **10318476** |
| **Energy — 17.6%** | **Energy — 17.6%** | **Energy — 17.6%** | **Energy — 17.6%** | **Energy — 17.6%** |
| *Energy Equipment & Services — 0.5%* | *Energy Equipment & Services — 0.5%* | *Energy Equipment & Services — 0.5%* | *Energy Equipment & Services — 0.5%* | *Energy Equipment & Services — 0.5%* |
| &nbsp;&nbsp;&nbsp; Yinson Boronia Production BV, Senior Secured Notes | &nbsp;&nbsp; 8.947% | &nbsp;&nbsp; 7/31/42 | &nbsp;&nbsp; 2943270<br>| &nbsp;&nbsp;&nbsp;&nbsp; *3280723*<br> <sup>(b)</sup><br>|
| *Oil, Gas & Consumable Fuels — 17.1%* | *Oil, Gas & Consumable Fuels — 17.1%* | *Oil, Gas & Consumable Fuels — 17.1%* | *Oil, Gas & Consumable Fuels — 17.1%* | *Oil, Gas & Consumable Fuels — 17.1%* |
| &nbsp;&nbsp;&nbsp; Ecopetrol SA, Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 5/28/45 | &nbsp;&nbsp; 4900000<br>| &nbsp;&nbsp;&nbsp; 3751259<br>|
| &nbsp;&nbsp;&nbsp; Ecopetrol SA, Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 11/2/51 | &nbsp;&nbsp; 3000000<br>| &nbsp;&nbsp;&nbsp; 2224506<br>|
| &nbsp;&nbsp;&nbsp; EIG Pearl Holdings Sarl, Senior Secured Notes | &nbsp;&nbsp; 3.545% | &nbsp;&nbsp; 8/31/36 | &nbsp;&nbsp; 1966899<br>| &nbsp;&nbsp;&nbsp; 1818034<br> <sup>(b)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Emerging Markets Debt Fund Inc. 2025 Quarterly Report

------

 **Western Asset Emerging Markets Debt Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Oil, Gas & Consumable Fuels — continued* | *Oil, Gas & Consumable Fuels — continued* | *Oil, Gas & Consumable Fuels — continued* | *Oil, Gas & Consumable Fuels — continued* | *Oil, Gas & Consumable Fuels — continued* |
| &nbsp;&nbsp;&nbsp; Empresa Generadora de Electricidad Haina SA, Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 11/8/28 | &nbsp;&nbsp; 4250000<br>| &nbsp;&nbsp;&nbsp; $4174775<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Galaxy Pipeline Assets Bidco Ltd., Senior Secured Notes | &nbsp;&nbsp; 1.750% | &nbsp;&nbsp; 9/30/27 | &nbsp;&nbsp; 798284<br>| &nbsp;&nbsp;&nbsp; 779245<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Greensaif Pipelines Bidco Sarl, Senior Secured Notes | &nbsp;&nbsp; 5.853% | &nbsp;&nbsp; 2/23/36 | &nbsp;&nbsp; 1500000<br>| &nbsp;&nbsp;&nbsp; 1576524<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; KazMunayGas National Co. JSC, Senior Notes | &nbsp;&nbsp; 3.500% | &nbsp;&nbsp; 4/14/33 | &nbsp;&nbsp; 16300000<br>| &nbsp;&nbsp;&nbsp; 14723913<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; KazTransGas JSC, Senior Notes | &nbsp;&nbsp; 4.375% | &nbsp;&nbsp; 9/26/27 | &nbsp;&nbsp; 4200000<br>| &nbsp;&nbsp;&nbsp; 4175812<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Pertamina Persero PT, Senior Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 5/27/41 | &nbsp;&nbsp; 1500000<br>| &nbsp;&nbsp;&nbsp; 1613354<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Pertamina Persero PT, Senior Notes | &nbsp;&nbsp; 4.150% | &nbsp;&nbsp; 2/25/60 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 1495255<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Petrobras Global Finance BV, Senior Notes | &nbsp;&nbsp; 7.375% | &nbsp;&nbsp; 1/17/27 | &nbsp;&nbsp; 3000000<br>| &nbsp;&nbsp;&nbsp; 3110160<br>|
| &nbsp;&nbsp;&nbsp; Petrobras Global Finance BV, Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 2/1/29 | &nbsp;&nbsp; 4000000<br>| &nbsp;&nbsp;&nbsp; 4104912<br>|
| &nbsp;&nbsp;&nbsp; Petrobras Global Finance BV, Senior Notes | &nbsp;&nbsp; 6.850% | &nbsp;&nbsp; 6/5/2115 | &nbsp;&nbsp; 13800000<br>| &nbsp;&nbsp;&nbsp; 12978756<br>|
| &nbsp;&nbsp;&nbsp; Petroleos de Venezuela SA, Senior Notes | &nbsp;&nbsp; 9.000% | &nbsp;&nbsp; 11/17/21 | &nbsp;&nbsp; 16630000<br>| &nbsp;&nbsp;&nbsp; 2,743,950<br> \*<sup>(a)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Petroleos de Venezuela SA, Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 5/16/24 | &nbsp;&nbsp; 8145000<br>| &nbsp;&nbsp;&nbsp; 1,327,635<br> \*<sup>(a)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Petroleos del Peru SA, Senior Notes | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 6/19/32 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 1740870<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Petroleos Mexicanos, Senior Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 3/13/27 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 2026340<br>|
| &nbsp;&nbsp;&nbsp; Petroleos Mexicanos, Senior Notes | &nbsp;&nbsp; 5.350% | &nbsp;&nbsp; 2/12/28 | &nbsp;&nbsp; 15500000<br>| &nbsp;&nbsp;&nbsp; 15444951<br>|
| &nbsp;&nbsp;&nbsp; Petroleos Mexicanos, Senior Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 6/2/41 | &nbsp;&nbsp; 8200000<br>| &nbsp;&nbsp;&nbsp; 7187647<br>|
| &nbsp;&nbsp;&nbsp; Petronas Capital Ltd., Senior Notes | &nbsp;&nbsp; 2.480% | &nbsp;&nbsp; 1/28/32 | &nbsp;&nbsp; 5000000<br>| &nbsp;&nbsp;&nbsp; 4508521<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Puma International Financing SA, Senior Notes | &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 4/25/29 | &nbsp;&nbsp; 3250000<br>| &nbsp;&nbsp;&nbsp; 3369730<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; QazaqGaz NC JSC, Senior Notes | &nbsp;&nbsp; 4.375% | &nbsp;&nbsp; 9/26/27 | &nbsp;&nbsp; 3000000<br>| &nbsp;&nbsp;&nbsp; 2982723<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Tengizchevroil Finance Co. International Ltd., Senior Secured Notes | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 8/15/26 | &nbsp;&nbsp; 7800000<br>| &nbsp;&nbsp;&nbsp; 7759599<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Transportadora de Gas del Peru SA, Senior Notes | &nbsp;&nbsp; 4.250% | &nbsp;&nbsp; 4/30/28 | &nbsp;&nbsp; 648000<br>| &nbsp;&nbsp;&nbsp; 647856<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Transportadora de Gas Internacional SA ESP, Senior Notes | &nbsp;&nbsp; 5.550% | &nbsp;&nbsp; 11/1/28 | &nbsp;&nbsp; 750000<br>| &nbsp;&nbsp;&nbsp; 766656<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ultrapar International SA, Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 10/6/26 | &nbsp;&nbsp; 690000<br>| &nbsp;&nbsp;&nbsp; 688785<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; YPF SA, Senior Notes | &nbsp;&nbsp; 6.950% | &nbsp;&nbsp; 7/21/27 | &nbsp;&nbsp; 1320000<br>| &nbsp;&nbsp;&nbsp; 1312703<br> <sup>(b)</sup><br>|
| *Total Oil, Gas & Consumable Fuels* | *Total Oil, Gas & Consumable Fuels* | *Total Oil, Gas & Consumable Fuels* | *Total Oil, Gas & Consumable Fuels* | &nbsp;&nbsp; *109034471* |
| **Total Energy** | **Total Energy** | **Total Energy** | **Total Energy** | &nbsp;&nbsp; **112315194** |
| **Financials — 4.5%** | **Financials — 4.5%** | **Financials — 4.5%** | **Financials — 4.5%** | **Financials — 4.5%** |
| *Banks — 3.9%* | *Banks — 3.9%* | *Banks — 3.9%* | *Banks — 3.9%* | *Banks — 3.9%* |
| &nbsp;&nbsp;&nbsp; Banco de Credito e Inversiones SA, Junior Subordinated Notes (8.750% to <br> 5/8/29 then 5 year Treasury Constant Maturity Rate + 4.944%) | &nbsp;&nbsp; 8.750% | &nbsp;&nbsp; 5/8/29 | &nbsp;&nbsp; 3830000<br>| &nbsp;&nbsp;&nbsp; 4149479<br> <sup>(b)(e)(f)</sup><br>|
| &nbsp;&nbsp;&nbsp; Banco del Estado de Chile, Junior Subordinated Notes (7.950% to 5/2/29 <br> then 5 year Treasury Constant Maturity Rate + 3.228%) | &nbsp;&nbsp; 7.950% | &nbsp;&nbsp; 5/2/29 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 2139242<br> <sup>(b)(e)(f)</sup><br>|
| &nbsp;&nbsp;&nbsp; Banco Mercantil del Norte SA, Junior Subordinated Notes (5.875% to <br> 1/24/27 then 5 year Treasury Constant Maturity Rate + 4.643%) | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 1/24/27 | &nbsp;&nbsp; 2500000<br>| &nbsp;&nbsp;&nbsp; 2484865<br> <sup>(a)(e)(f)</sup><br>|
| &nbsp;&nbsp;&nbsp; Banco Nacional de Panama, Senior Notes | &nbsp;&nbsp; 2.500% | &nbsp;&nbsp; 8/11/30 | &nbsp;&nbsp; 4000000<br>| &nbsp;&nbsp;&nbsp; 3518657<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bank Leumi Le-Israel BM, Senior Notes | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 7/27/27 | &nbsp;&nbsp; 3300000<br>| &nbsp;&nbsp;&nbsp; 3329116<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bank Leumi Le-Israel BM, Subordinated Notes (7.129% to 7/18/28 then 5 <br> year Treasury Constant Maturity Rate + 3.466%) | &nbsp;&nbsp; 7.129% | &nbsp;&nbsp; 7/18/33 | &nbsp;&nbsp; 1000000<br>| &nbsp;&nbsp;&nbsp; 1047112<br> <sup>(a)(f)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bank of East Asia Ltd., Subordinated Notes (4.875% to 4/22/27 then 5 <br> year Treasury Constant Maturity Rate + 2.300%) | &nbsp;&nbsp; 4.875% | &nbsp;&nbsp; 4/22/32 | &nbsp;&nbsp; 2800000<br>| &nbsp;&nbsp;&nbsp; 2794790<br> <sup>(a)(f)</sup><br>|
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC, Junior Subordinated Notes (8.000% to 9/7/28 then 5 <br> year Treasury Constant Maturity Rate + 3.858%) | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 3/7/28 | &nbsp;&nbsp; 1800000<br>| &nbsp;&nbsp;&nbsp; 1911287<br> <sup>(e)(f)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mizrahi Tefahot Bank Ltd., Subordinated Notes (3.077% to 4/7/26 then 5 <br> year Treasury Constant Maturity Rate + 2.250%) | &nbsp;&nbsp; 3.077% | &nbsp;&nbsp; 4/7/31 | &nbsp;&nbsp; 1500000<br>| &nbsp;&nbsp;&nbsp; 1482215<br> <sup>(a)(f)</sup><br>|
| &nbsp;&nbsp;&nbsp; Standard Chartered PLC, Senior Notes (2.608% to 1/12/27 then 1 year <br> Treasury Constant Maturity Rate + 1.180%) | &nbsp;&nbsp; 2.608% | &nbsp;&nbsp; 1/12/28 | &nbsp;&nbsp; 2300000<br>| &nbsp;&nbsp;&nbsp; 2250229<br> <sup>(a)(f)</sup><br>|
| *Total Banks* | *Total Banks* | *Total Banks* | *Total Banks* | &nbsp;&nbsp; *25106992* |

---

See Notes to Schedule of Investments.

------

Western Asset Emerging Markets Debt Fund Inc. 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

September 30, 2025

 **Western Asset Emerging Markets Debt Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Capital Markets — 0.0%††* | *Capital Markets — 0.0%††* | *Capital Markets — 0.0%††* | *Capital Markets — 0.0%††* | *Capital Markets — 0.0%††* |
| &nbsp;&nbsp;&nbsp; Credit Suisse AG AT1 Claim | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; $*0*<br> \*<sup>(g)(h)(i)</sup><br>|
| *Insurance — 0.6%* | *Insurance — 0.6%* | *Insurance — 0.6%* | *Insurance — 0.6%* | *Insurance — 0.6%* |
| &nbsp;&nbsp;&nbsp; Sagicor Financial Co. Ltd., Senior Notes | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 5/13/28 | &nbsp;&nbsp; 3600000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *3585996*<br> <sup>(b)</sup><br>|
| **Total Financials** | **Total Financials** | **Total Financials** | **Total Financials** | &nbsp;&nbsp; **28692988** |
| **Health Care — 2.3%** | **Health Care — 2.3%** | **Health Care — 2.3%** | **Health Care — 2.3%** | **Health Care — 2.3%** |
| *Health Care Providers & Services — 0.2%* | *Health Care Providers & Services — 0.2%* | *Health Care Providers & Services — 0.2%* | *Health Care Providers & Services — 0.2%* | *Health Care Providers & Services — 0.2%* |
| &nbsp;&nbsp;&nbsp; CHS/Community Health Systems Inc., Secured Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 4/15/29 | &nbsp;&nbsp; 1750000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *1392860*<br> <sup>(b)</sup><br>|
| *Pharmaceuticals — 2.1%* | *Pharmaceuticals — 2.1%* | *Pharmaceuticals — 2.1%* | *Pharmaceuticals — 2.1%* | *Pharmaceuticals — 2.1%* |
| &nbsp;&nbsp;&nbsp; Biocon Biologics Global PLC, Senior Secured Notes | &nbsp;&nbsp; 6.670% | &nbsp;&nbsp; 10/9/29 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 1943721<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, Senior Notes | &nbsp;&nbsp; 3.150% | &nbsp;&nbsp; 10/1/26 | &nbsp;&nbsp; 6500000<br>| &nbsp;&nbsp;&nbsp; 6389971<br>|
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, Senior Notes | &nbsp;&nbsp; 8.125% | &nbsp;&nbsp; 9/15/31 | &nbsp;&nbsp; 1630000<br>| &nbsp;&nbsp;&nbsp; 1865727<br>|
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, Senior Notes | &nbsp;&nbsp; 4.100% | &nbsp;&nbsp; 10/1/46 | &nbsp;&nbsp; 4000000<br>| &nbsp;&nbsp;&nbsp; 2988721<br>|
| *Total Pharmaceuticals* | *Total Pharmaceuticals* | *Total Pharmaceuticals* | *Total Pharmaceuticals* | &nbsp;&nbsp; *13188140* |
| **Total Health Care** | **Total Health Care** | **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **14581000** |
| **Industrials — 6.5%** | **Industrials — 6.5%** | **Industrials — 6.5%** | **Industrials — 6.5%** | **Industrials — 6.5%** |
| *Aerospace & Defense — 0.8%* | *Aerospace & Defense — 0.8%* | *Aerospace & Defense — 0.8%* | *Aerospace & Defense — 0.8%* | *Aerospace & Defense — 0.8%* |
| &nbsp;&nbsp;&nbsp; Avolon Holdings Funding Ltd., Senior Notes | &nbsp;&nbsp; 2.125% | &nbsp;&nbsp; 2/21/26 | &nbsp;&nbsp; 3500000<br>| &nbsp;&nbsp;&nbsp; 3464416<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Czechoslovak Group AS, Senior Secured Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 1/10/31 | &nbsp;&nbsp; 1560000<br>| &nbsp;&nbsp;&nbsp; 1612484<br> <sup>(b)</sup><br>|
| *Total Aerospace & Defense* | *Total Aerospace & Defense* | *Total Aerospace & Defense* | *Total Aerospace & Defense* | &nbsp;&nbsp; *5076900* |
| *Construction & Engineering — 1.0%* | *Construction & Engineering — 1.0%* | *Construction & Engineering — 1.0%* | *Construction & Engineering — 1.0%* | *Construction & Engineering — 1.0%* |
| &nbsp;&nbsp;&nbsp; ATP Tower Holdings/Andean Telecom Partners Chile SpA/Andean Tower <br> Partners Colombia SAS, Senior Secured Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 2/3/30 | &nbsp;&nbsp; 6500000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *6705972*<br> <sup>(b)</sup><br>|
| *Electrical Equipment — 0.2%* | *Electrical Equipment — 0.2%* | *Electrical Equipment — 0.2%* | *Electrical Equipment — 0.2%* | *Electrical Equipment — 0.2%* |
| &nbsp;&nbsp;&nbsp; LG Energy Solution Ltd., Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 4/2/30 | &nbsp;&nbsp; 1250000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *1279770*<br> <sup>(a)</sup><br>|
| *Ground Transportation — 1.5%* | *Ground Transportation — 1.5%* | *Ground Transportation — 1.5%* | *Ground Transportation — 1.5%* | *Ground Transportation — 1.5%* |
| &nbsp;&nbsp;&nbsp; Empresa de los Ferrocarriles del Estado, Senior Notes | &nbsp;&nbsp; 3.830% | &nbsp;&nbsp; 9/14/61 | &nbsp;&nbsp; 1800000<br>| &nbsp;&nbsp;&nbsp; 1230533<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Empresa de Transporte de Pasajeros Metro SA, Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/25/47 | &nbsp;&nbsp; 2560000<br>| &nbsp;&nbsp;&nbsp; 2342830<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Lima Metro Line 2 Finance Ltd., Senior Secured Notes | &nbsp;&nbsp; 4.350% | &nbsp;&nbsp; 4/5/36 | &nbsp;&nbsp; 2882436<br>| &nbsp;&nbsp;&nbsp; 2791595<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Transnet SOC, Senior Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 2/6/28 | &nbsp;&nbsp; 3100000<br>| &nbsp;&nbsp;&nbsp; 3275545<br> <sup>(b)</sup><br>|
| *Total Ground Transportation* | *Total Ground Transportation* | *Total Ground Transportation* | *Total Ground Transportation* | &nbsp;&nbsp; *9640503* |
| *Machinery — 0.8%* | *Machinery — 0.8%* | *Machinery — 0.8%* | *Machinery — 0.8%* | *Machinery — 0.8%* |
| &nbsp;&nbsp;&nbsp; HTA Group Ltd., Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 6/4/29 | &nbsp;&nbsp; 3000000<br>| &nbsp;&nbsp;&nbsp; 3120014<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Iochpe-Maxion Austria GmbH/Maxion Wheels de Mexico S de RL de CV, <br> Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/7/28 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 1940169<br> <sup>(a)</sup><br>|
| *Total Machinery* | *Total Machinery* | *Total Machinery* | *Total Machinery* | &nbsp;&nbsp; *5060183* |
| *Passenger Airlines — 0.5%* | *Passenger Airlines — 0.5%* | *Passenger Airlines — 0.5%* | *Passenger Airlines — 0.5%* | *Passenger Airlines — 0.5%* |
| &nbsp;&nbsp;&nbsp; Latam Airlines Group SA, Senior Secured Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 4/15/30 | &nbsp;&nbsp; 3000000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *3125100*<br> <sup>(b)</sup><br>|
| *Transportation Infrastructure — 1.7%* | *Transportation Infrastructure — 1.7%* | *Transportation Infrastructure — 1.7%* | *Transportation Infrastructure — 1.7%* | *Transportation Infrastructure — 1.7%* |
| &nbsp;&nbsp;&nbsp; Adani Ports & Special Economic Zone Ltd., Senior Notes | &nbsp;&nbsp; 3.828% | &nbsp;&nbsp; 2/2/32 | &nbsp;&nbsp; 700000<br>| &nbsp;&nbsp;&nbsp; 636087<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; DP World Ltd., Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 9/25/48 | &nbsp;&nbsp; 5000000<br>| &nbsp;&nbsp;&nbsp; 4928674<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mersin Uluslararasi Liman Isletmeciligi AS, Senior Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 11/15/28 | &nbsp;&nbsp; 2870000<br>| &nbsp;&nbsp;&nbsp; 2987623<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Railworks Holdings LP/Railworks Rally Inc., Secured Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 11/15/28 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 2025060<br> <sup>(b)</sup><br>|
| *Total Transportation Infrastructure* | *Total Transportation Infrastructure* | *Total Transportation Infrastructure* | *Total Transportation Infrastructure* | &nbsp;&nbsp; *10577444* |
| **Total Industrials** | **Total Industrials** | **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **41465872** |

---

See Notes to Schedule of Investments.

------

Western Asset Emerging Markets Debt Fund Inc. 2025 Quarterly Report

------

 **Western Asset Emerging Markets Debt Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| **Information Technology — 0.4%** | **Information Technology — 0.4%** | **Information Technology — 0.4%** | **Information Technology — 0.4%** | **Information Technology — 0.4%** |
| *Communications Equipment — 0.4%* | *Communications Equipment — 0.4%* | *Communications Equipment — 0.4%* | *Communications Equipment — 0.4%* | *Communications Equipment — 0.4%* |
| &nbsp;&nbsp;&nbsp; Connect Finco SARL/Connect US Finco LLC, Senior Secured Notes | &nbsp;&nbsp; 9.000% | &nbsp;&nbsp; 9/15/29 | &nbsp;&nbsp; 2250000<br>| &nbsp;&nbsp;&nbsp;&nbsp; **$2368473**<br> <sup>(b)</sup><br>|
| **Materials — 6.5%** | **Materials — 6.5%** | **Materials — 6.5%** | **Materials — 6.5%** | **Materials — 6.5%** |
| *Chemicals — 3.1%* | *Chemicals — 3.1%* | *Chemicals — 3.1%* | *Chemicals — 3.1%* | *Chemicals — 3.1%* |
| &nbsp;&nbsp;&nbsp; MEGlobal BV, Senior Notes | &nbsp;&nbsp; 2.625% | &nbsp;&nbsp; 4/28/28 | &nbsp;&nbsp; 1600000<br>| &nbsp;&nbsp;&nbsp; 1528376<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; MEGlobal Canada ULC, Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 5/18/30 | &nbsp;&nbsp; 4100000<br>| &nbsp;&nbsp;&nbsp; 4318501<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; OCP SA, Senior Notes | &nbsp;&nbsp; 3.750% | &nbsp;&nbsp; 6/23/31 | &nbsp;&nbsp; 7000000<br>| &nbsp;&nbsp;&nbsp; 6580987<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sasol Financing USA LLC, Senior Notes | &nbsp;&nbsp; 4.375% | &nbsp;&nbsp; 9/18/26 | &nbsp;&nbsp; 6000000<br>| &nbsp;&nbsp;&nbsp; 5973427<br>|
| &nbsp;&nbsp;&nbsp; Sasol Financing USA LLC, Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 3/18/31 | &nbsp;&nbsp; 1400000<br>| &nbsp;&nbsp;&nbsp; 1233556<br>|
| *Total Chemicals* | *Total Chemicals* | *Total Chemicals* | *Total Chemicals* | &nbsp;&nbsp; *19634847* |
| *Construction Materials — 0.1%* | *Construction Materials — 0.1%* | *Construction Materials — 0.1%* | *Construction Materials — 0.1%* | *Construction Materials — 0.1%* |
| &nbsp;&nbsp;&nbsp; Cemex SAB de CV, Senior Notes | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 11/19/29 | &nbsp;&nbsp; 1000000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *1012428*<br> <sup>(a)</sup><br>|
| *Metals & Mining — 3.3%* | *Metals & Mining — 3.3%* | *Metals & Mining — 3.3%* | *Metals & Mining — 3.3%* | *Metals & Mining — 3.3%* |
| &nbsp;&nbsp;&nbsp; Antofagasta PLC, Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 5/13/32 | &nbsp;&nbsp; 1100000<br>| &nbsp;&nbsp;&nbsp; 1138958<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Antofagasta PLC, Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 9/9/35 | &nbsp;&nbsp; 3000000<br>| &nbsp;&nbsp;&nbsp; 3060480<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; First Quantum Minerals Ltd., Senior Notes | &nbsp;&nbsp; 8.625% | &nbsp;&nbsp; 6/1/31 | &nbsp;&nbsp; 4000000<br>| &nbsp;&nbsp;&nbsp; 4208052<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; First Quantum Minerals Ltd., Senior Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 3/1/33 | &nbsp;&nbsp; 1400000<br>| &nbsp;&nbsp;&nbsp; 1479950<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Fresnillo PLC, Senior Notes | &nbsp;&nbsp; 4.250% | &nbsp;&nbsp; 10/2/50 | &nbsp;&nbsp; 3000000<br>| &nbsp;&nbsp;&nbsp; 2381905<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; POSCO, Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 1/17/28 | &nbsp;&nbsp; 3500000<br>| &nbsp;&nbsp;&nbsp; 3614427<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Samarco Mineracao SA, Senior Notes (9.500% PIK) | &nbsp;&nbsp; 9.500% | &nbsp;&nbsp; 6/30/31 | &nbsp;&nbsp; 2235682<br>| &nbsp;&nbsp;&nbsp; 2248682<br> <sup>(a)(j)</sup><br>|
| &nbsp;&nbsp;&nbsp; Southern Copper Corp., Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 7/27/35 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; 367022<br>|
| &nbsp;&nbsp;&nbsp; Southern Copper Corp., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 4/16/40 | &nbsp;&nbsp; 344000<br>| &nbsp;&nbsp;&nbsp; 390753<br>|
| &nbsp;&nbsp;&nbsp; Vedanta Resources Finance II PLC, Senior Notes | &nbsp;&nbsp; 10.875% | &nbsp;&nbsp; 9/17/29 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 2098410<br> <sup>(b)</sup><br>|
| *Total Metals & Mining* | *Total Metals & Mining* | *Total Metals & Mining* | *Total Metals & Mining* | &nbsp;&nbsp; *20988639* |
| **Total Materials** | **Total Materials** | **Total Materials** | **Total Materials** | &nbsp;&nbsp; **41635914** |
| **Real Estate — 1.4%** | **Real Estate — 1.4%** | **Real Estate — 1.4%** | **Real Estate — 1.4%** | **Real Estate — 1.4%** |
| *Diversified REITs — 1.4%* | *Diversified REITs — 1.4%* | *Diversified REITs — 1.4%* | *Diversified REITs — 1.4%* | *Diversified REITs — 1.4%* |
| &nbsp;&nbsp;&nbsp; Trust Fibra Uno, Senior Notes | &nbsp;&nbsp; 4.869% | &nbsp;&nbsp; 1/15/30 | &nbsp;&nbsp; 5250000<br>| &nbsp;&nbsp;&nbsp; 5150687<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Trust Fibra Uno, Senior Notes | &nbsp;&nbsp; 4.869% | &nbsp;&nbsp; 1/15/30 | &nbsp;&nbsp; 2800000<br>| &nbsp;&nbsp;&nbsp; 2747033<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Trust Fibra Uno, Senior Notes | &nbsp;&nbsp; 6.390% | &nbsp;&nbsp; 1/15/50 | &nbsp;&nbsp; 1250000<br>| &nbsp;&nbsp;&nbsp; 1154628<br> <sup>(a)</sup><br>|
| *Total Diversified REITs* | *Total Diversified REITs* | *Total Diversified REITs* | *Total Diversified REITs* | &nbsp;&nbsp; *9052348* |
| *Real Estate Management & Development — 0.0%††* | *Real Estate Management & Development — 0.0%††* | *Real Estate Management & Development — 0.0%††* | *Real Estate Management & Development — 0.0%††* | *Real Estate Management & Development — 0.0%††* |
| &nbsp;&nbsp;&nbsp; Add Hero Holdings Ltd., Senior Secured Notes (7.500% Cash or 8.500% <br> PIK) | &nbsp;&nbsp; 8.500% | &nbsp;&nbsp; 9/30/29 | &nbsp;&nbsp; 1983399<br>| &nbsp;&nbsp;&nbsp; 119004<br> <sup>(a)(j)</sup><br>|
| &nbsp;&nbsp;&nbsp; Add Hero Holdings Ltd., Senior Secured Notes (8.000% Cash or 9.000% <br> PIK) | &nbsp;&nbsp; 9.000% | &nbsp;&nbsp; 9/30/30 | &nbsp;&nbsp; 1611454<br>| &nbsp;&nbsp;&nbsp; 32229<br> <sup>(a)(j)</sup><br>|
| &nbsp;&nbsp;&nbsp; Add Hero Holdings Ltd., Senior Secured Notes (8.800% Cash or 9.800% <br> PIK) | &nbsp;&nbsp; 9.800% | &nbsp;&nbsp; 9/30/31 | &nbsp;&nbsp; 2119041<br>| &nbsp;&nbsp;&nbsp; 42381<br> <sup>(a)(j)</sup><br>|
| &nbsp;&nbsp;&nbsp; China Aoyuan Group Ltd., Senior Notes, Step bond (0.000% to 9/30/31 <br> then 1.000%) | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 3/30/2173 | &nbsp;&nbsp; 2917855<br>| &nbsp;&nbsp;&nbsp; 21884<br> <sup>(a)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; China Aoyuan Group Ltd., Senior Secured Notes (5.500% PIK) | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 9/30/31 | &nbsp;&nbsp; 791312<br>| &nbsp;&nbsp;&nbsp; 13848<br> <sup>(a)(j)</sup><br>|
| *Total Real Estate Management & Development* | *Total Real Estate Management & Development* | *Total Real Estate Management & Development* | *Total Real Estate Management & Development* | &nbsp;&nbsp; *229346* |
| **Total Real Estate** | **Total Real Estate** | **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **9281694** |
| **Utilities — 5.2%** | **Utilities — 5.2%** | **Utilities — 5.2%** | **Utilities — 5.2%** | **Utilities — 5.2%** |
| *Electric Utilities — 3.5%* | *Electric Utilities — 3.5%* | *Electric Utilities — 3.5%* | *Electric Utilities — 3.5%* | *Electric Utilities — 3.5%* |
| &nbsp;&nbsp;&nbsp; AES Panama Generation Holdings SRL, Senior Secured Notes | &nbsp;&nbsp; 4.375% | &nbsp;&nbsp; 5/31/30 | &nbsp;&nbsp; 940838<br>| &nbsp;&nbsp;&nbsp; 889793<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Emerging Markets Debt Fund Inc. 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

September 30, 2025

 **Western Asset Emerging Markets Debt Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Electric Utilities — continued* | *Electric Utilities — continued* | *Electric Utilities — continued* | *Electric Utilities — continued* | *Electric Utilities — continued* |
| &nbsp;&nbsp;&nbsp; Comision Federal de Electricidad, Senior Notes | &nbsp;&nbsp; 3.348% | &nbsp;&nbsp; 2/9/31 | &nbsp;&nbsp; 2020000<br>| &nbsp;&nbsp;&nbsp; $1821648<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Comision Federal de Electricidad, Senior Notes | &nbsp;&nbsp; 3.875% | &nbsp;&nbsp; 7/26/33 | &nbsp;&nbsp; 1000000<br>| &nbsp;&nbsp;&nbsp; 884152<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Comision Federal de Electricidad, Senior Notes | &nbsp;&nbsp; 4.677% | &nbsp;&nbsp; 2/9/51 | &nbsp;&nbsp; 1000000<br>| &nbsp;&nbsp;&nbsp; 755693<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Eskom Holdings, Senior Notes | &nbsp;&nbsp; 4.314% | &nbsp;&nbsp; 7/23/27 | &nbsp;&nbsp; 9600000<br>| &nbsp;&nbsp;&nbsp; 9507659<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Instituto Costarricense de Electricidad, Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 10/7/31 | &nbsp;&nbsp; 3100000<br>| &nbsp;&nbsp;&nbsp; 3248180<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Pampa Energia SA, Senior Notes | &nbsp;&nbsp; 7.950% | &nbsp;&nbsp; 9/10/31 | &nbsp;&nbsp; 1050000<br>| &nbsp;&nbsp;&nbsp; 1070738<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Pampa Energia SA, Senior Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 12/16/34 | &nbsp;&nbsp; 1000000<br>| &nbsp;&nbsp;&nbsp; 988000<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, Senior <br> Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 5/15/47 | &nbsp;&nbsp; 3810000<br>| &nbsp;&nbsp;&nbsp; 3495421<br> <sup>(a)</sup><br>|
| *Total Electric Utilities* | *Total Electric Utilities* | *Total Electric Utilities* | *Total Electric Utilities* | &nbsp;&nbsp; *22661284* |
| *Gas Utilities — 0.5%* | *Gas Utilities — 0.5%* | *Gas Utilities — 0.5%* | *Gas Utilities — 0.5%* | *Gas Utilities — 0.5%* |
| &nbsp;&nbsp;&nbsp; Promigas SA ESP/Gases del Pacifico SAC, Senior Notes | &nbsp;&nbsp; 3.750% | &nbsp;&nbsp; 10/16/29 | &nbsp;&nbsp; 3000000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *2843578*<br> <sup>(a)</sup><br>|
| *Independent Power and Renewable Electricity Producers — 1.2%* | *Independent Power and Renewable Electricity Producers — 1.2%* | *Independent Power and Renewable Electricity Producers — 1.2%* | *Independent Power and Renewable Electricity Producers — 1.2%* | *Independent Power and Renewable Electricity Producers — 1.2%* |
| &nbsp;&nbsp;&nbsp; AES Andes SA, Junior Subordinated Notes (8.150% to 6/10/30 then 5 <br> year Treasury Constant Maturity Rate + 3.835%) | &nbsp;&nbsp; 8.150% | &nbsp;&nbsp; 6/10/55 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 2118754<br> <sup>(b)(f)</sup><br>|
| &nbsp;&nbsp;&nbsp; AES Andes SA, Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 3/14/32 | &nbsp;&nbsp; 800000<br>| &nbsp;&nbsp;&nbsp; 838539<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Minejesa Capital BV, Senior Secured Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 8/10/37 | &nbsp;&nbsp; 3100000<br>| &nbsp;&nbsp;&nbsp; 3082113<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Saavi Energia Sarl, Senior Notes | &nbsp;&nbsp; 8.875% | &nbsp;&nbsp; 2/10/35 | &nbsp;&nbsp; 1600000<br>| &nbsp;&nbsp;&nbsp; 1723920<br> <sup>(b)</sup><br>|
| *Total Independent Power and Renewable Electricity Producers* | *Total Independent Power and Renewable Electricity Producers* | *Total Independent Power and Renewable Electricity Producers* | *Total Independent Power and Renewable Electricity Producers* | &nbsp;&nbsp; *7763326* |
| **Total Utilities** | **Total Utilities** | **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **33268188** |
| **Total Corporate Bonds & Notes (Cost — $352,445,052)** | **Total Corporate Bonds & Notes (Cost — $352,445,052)** | **Total Corporate Bonds & Notes (Cost — $352,445,052)** | **Total Corporate Bonds & Notes (Cost — $352,445,052)** | &nbsp;&nbsp; **359599710** |
| **U.S. Government & Agency Obligations — 1.2%** | **U.S. Government & Agency Obligations — 1.2%** | **U.S. Government & Agency Obligations — 1.2%** | **U.S. Government & Agency Obligations — 1.2%** | **U.S. Government & Agency Obligations — 1.2%** |
| *U.S. Government Obligations — 1.2%* | *U.S. Government Obligations — 1.2%* | *U.S. Government Obligations — 1.2%* | *U.S. Government Obligations — 1.2%* | *U.S. Government Obligations — 1.2%* |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | &nbsp;&nbsp; 3.875% | &nbsp;&nbsp; 5/31/27 | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp; 2508887<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | &nbsp;&nbsp; 3.875% | &nbsp;&nbsp; 7/31/27 | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; 5020996<br>|
| **Total U.S. Government & Agency Obligations (Cost — $7,523,931)** | **Total U.S. Government & Agency Obligations (Cost — $7,523,931)** | **Total U.S. Government & Agency Obligations (Cost — $7,523,931)** | **Total U.S. Government & Agency Obligations (Cost — $7,523,931)** | &nbsp;&nbsp; **7529883** |
| **Senior Loans — 0.3%** | **Senior Loans — 0.3%** | **Senior Loans — 0.3%** | **Senior Loans — 0.3%** | **Senior Loans — 0.3%** |
| **Sovereign Bonds — 0.3%** |  |  |  |  |
| *Tanzania — 0.3%* |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Government of the United Republic of Tanzania, Term Loan A2 (6 mo. Term <br> SOFR + 5.450%) (Cost — $1,910,000) | 9.584% | &nbsp;&nbsp; 4/29/31 | &nbsp;&nbsp; 1910000<br>| &nbsp;&nbsp;&nbsp;&nbsp; ***1900450***<br> <sup>(f)(g)(h)(k)(l)</sup><br>|
| **Convertible Bonds & Notes — 0.0%††** | **Convertible Bonds & Notes — 0.0%††** | **Convertible Bonds & Notes — 0.0%††** | **Convertible Bonds & Notes — 0.0%††** | **Convertible Bonds & Notes — 0.0%††** |
| **Real Estate — 0.0%††** | **Real Estate — 0.0%††** | **Real Estate — 0.0%††** | **Real Estate — 0.0%††** | **Real Estate — 0.0%††** |
| *Real Estate Management & Development — 0.0%††* | *Real Estate Management & Development — 0.0%††* | *Real Estate Management & Development — 0.0%††* | *Real Estate Management & Development — 0.0%††* | *Real Estate Management & Development — 0.0%††* |
| &nbsp;&nbsp;&nbsp; China Aoyuan Group Ltd., Senior Notes (Cost — $14,852) | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 9/30/28 | &nbsp;&nbsp; 260782<br>| &nbsp;&nbsp;&nbsp;&nbsp; **11735**<br> <sup>(a)</sup><br>|
| Security |  |  | Shares |  |
| **Common Stocks — 0.0%††** | **Common Stocks — 0.0%††** | **Common Stocks — 0.0%††** | **Common Stocks — 0.0%††** | **Common Stocks — 0.0%††** |
| **Real Estate — 0.0%††** | **Real Estate — 0.0%††** | **Real Estate — 0.0%††** | **Real Estate — 0.0%††** | **Real Estate — 0.0%††** |
| *Real Estate Management & Development — 0.0%††* | *Real Estate Management & Development — 0.0%††* | *Real Estate Management & Development — 0.0%††* | *Real Estate Management & Development — 0.0%††* | *Real Estate Management & Development — 0.0%††* |
| &nbsp;&nbsp;&nbsp; China Aoyuan Group Ltd. (Cost — $14,663) | &nbsp;&nbsp;&nbsp; China Aoyuan Group Ltd. (Cost — $14,663) |  | &nbsp;&nbsp; 729465 | &nbsp;&nbsp;&nbsp; **10,780**<br> \*<sup>(g)</sup><br>|
| **Total Investments before Short-Term Investments (Cost — $808,094,703)** | **Total Investments before Short-Term Investments (Cost — $808,094,703)** | **Total Investments before Short-Term Investments (Cost — $808,094,703)** | **Total Investments before Short-Term Investments (Cost — $808,094,703)** | &nbsp;&nbsp; **849965284** |
|  | Rate | Maturity <br>Date<br>| Face <br>Amount†<br>|  |
| **Short-Term Investments — 1.8%** | **Short-Term Investments — 1.8%** | **Short-Term Investments — 1.8%** | **Short-Term Investments — 1.8%** | **Short-Term Investments — 1.8%** |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bills | &nbsp;&nbsp; 2.056% | &nbsp;&nbsp; 10/2/25 | &nbsp;&nbsp; 8500000 | &nbsp;&nbsp;&nbsp; 8499052<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Emerging Markets Debt Fund Inc. 2025 Quarterly Report

------

 **Western Asset Emerging Markets Debt Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bills | &nbsp;&nbsp; 3.983% | &nbsp;&nbsp; 10/23/25 | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; $2992625<br>|
| **Total U.S. Treasury Bills (Cost — $11,491,605)** | **Total U.S. Treasury Bills (Cost — $11,491,605)** | **Total U.S. Treasury Bills (Cost — $11,491,605)** | **Total U.S. Treasury Bills (Cost — $11,491,605)** | &nbsp;&nbsp; **11491677** |
| **Total Short-Term Investments (Cost — $11,491,605)** | **Total Short-Term Investments (Cost — $11,491,605)** | **Total Short-Term Investments (Cost — $11,491,605)** | **Total Short-Term Investments (Cost — $11,491,605)** | &nbsp;&nbsp; **11491677** |
| **Total Investments — 134.7% (Cost — $819,586,308)** | **Total Investments — 134.7% (Cost — $819,586,308)** | **Total Investments — 134.7% (Cost — $819,586,308)** | **Total Investments — 134.7% (Cost — $819,586,308)** | &nbsp;&nbsp; **861456961** |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other Assets — (34.7)% | &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other Assets — (34.7)% | &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other Assets — (34.7)% | &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other Assets — (34.7)% | &nbsp;&nbsp;&nbsp; (222074329)<br>|
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | &nbsp;&nbsp; **$639382632** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| † | Face amount denominated in U.S. dollars, unless otherwise noted. |
| †† | Represents less than 0.1%. |
| \* | Non-income producing security. |
| <sup>(a)</sup> | Security is exempt from registration under Regulation S of the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of <br> the United States and do not involve direct selling efforts in the United States. This security has been deemed liquid pursuant to guidelines approved by the <br> Board of Directors.<br>|
| <sup>(b)</sup> | Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from <br> registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors. <br>|
| <sup>(c)</sup> | The maturity principal is currently in default as of September 30, 2025. |
| <sup>(d)</sup> | The coupon payment on this security is currently in default as of September 30, 2025. |
| <sup>(e)</sup> | Security has no maturity date. The date shown represents the next call date. |
| <sup>(f)</sup> | Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published <br> reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a <br> reference rate and spread in their description above.<br>|
| <sup>(g)</sup> | Security is fair valued in accordance with procedures approved by the Board of Directors (Note 1). |
| <sup>(h)</sup> | Security is valued using significant unobservable inputs (Note 1). |
| <sup>(i)</sup> | Value is less than $1. |
| <sup>(j)</sup> | Payment-in-kind security for which the issuer has the option at each interest payment date of making interest payments in cash or additional securities.  |
| <sup>(k)</sup> | Interest rates disclosed represent the effective rates on senior loans. Ranges in interest rates are attributable to multiple contracts under the same loan. |
| <sup>(l)</sup> | Senior loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the agent bank and/or borrower <br> prior to the disposition of a senior loan. <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** |
| CRC |  | Costa Rica Colon |
| DAC |  | Designated Activity Company |
| EGP |  | Egyptian Pound |
| EUR |  | Euro |
| GBP |  | British Pound |
| INR |  | Indian Rupee |
| JMD |  | Jamaican Dollar |
| JSC |  | Joint Stock Company |
| MXN |  | Mexican Peso |
| NGN |  | Nigerian Naira |
| PIK |  | Payment-In-Kind |
| PYG |  | Paraguay Guarani  |
| SOFR |  | Secured Overnight Financing Rate |
| TRY |  | Turkish Lira |
| UYU |  | Uruguayan Peso |
| ZAR |  | South African Rand |

---

See Notes to Schedule of Investments.

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Western Asset Emerging Markets Debt Fund Inc. 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

September 30, 2025

 **Western Asset Emerging Markets Debt Fund Inc.**

At September 30, 2025, the Fund had the following open reverse repurchase agreements:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Counterparty  | Rate | &nbsp;&nbsp;&nbsp; Effective <br>Date<br>| &nbsp;&nbsp;&nbsp;&nbsp; Maturity <br>Date<br>| &nbsp;&nbsp;&nbsp; Face Amount <br>of Reverse <br>Repurchase <br>Agreements<br>| &nbsp;&nbsp;&nbsp;&nbsp; Asset Class <br>of Collateral<br>| &nbsp;&nbsp;&nbsp; Collateral <br>Value<br>|
| Deutsche Bank AG | &nbsp;&nbsp;&nbsp;&nbsp; 4.270% | &nbsp;&nbsp;&nbsp;&nbsp; 9/26/2025 | 10/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $8867733 | Sovereign Bonds | $9492766 |
| Deutsche Bank AG | &nbsp;&nbsp;&nbsp;&nbsp; 4.650% | &nbsp;&nbsp;&nbsp;&nbsp; 8/14/2025 | 10/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 6444548 | Sovereign Bonds | 7235854 |
| Deutsche Bank AG | &nbsp;&nbsp;&nbsp;&nbsp; 4.800% | &nbsp;&nbsp;&nbsp;&nbsp; 7/18/2025 | 10/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 4382621 | Sovereign Bonds | 5084379 |
| Royal Bank of Canada | &nbsp;&nbsp;&nbsp;&nbsp; 4.470% | &nbsp;&nbsp;&nbsp;&nbsp; 9/16/2025 | 10/21/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3469375 | Corporate Bonds & Notes | 3649425 |
|  |  |  |  | &nbsp;&nbsp;&nbsp; **$23164277** |  | &nbsp;&nbsp;&nbsp; **$25462424** |

---

At September 30, 2025, the Fund had the following open futures contracts:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; <br> Number of <br>Contracts<br>| &nbsp;&nbsp;&nbsp; <br> Expiration <br>Date<br>| &nbsp;&nbsp;&nbsp; <br> Notional <br>Amount<br>| &nbsp;&nbsp;&nbsp; <br> Market <br>Value<br>| &nbsp;&nbsp;&nbsp; <br> Unrealized <br>Appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(Depreciation)<br>|
| **Contracts to Buy:** |  |  |  |  |  |
| U.S. Treasury 2-Year Notes | &nbsp;&nbsp;&nbsp;&nbsp; 743 | &nbsp;&nbsp;&nbsp;&nbsp; 12/25 | &nbsp;&nbsp;&nbsp;&nbsp; $154657969 | &nbsp;&nbsp;&nbsp;&nbsp; $154840039 | &nbsp;&nbsp;&nbsp;&nbsp; $182070 |
| **Contracts to Sell:** |  |  |  |  |  |
| U.S. Treasury Ultra 10-Year Notes | &nbsp;&nbsp;&nbsp;&nbsp; 200 | &nbsp;&nbsp;&nbsp;&nbsp; 12/25 | &nbsp;&nbsp;&nbsp;&nbsp; 22765321 | &nbsp;&nbsp;&nbsp;&nbsp; 23015626 | &nbsp;&nbsp;&nbsp;&nbsp; (250305) |
| **Net unrealized depreciation on open futures contracts** | **Net unrealized depreciation on open futures contracts** | **Net unrealized depreciation on open futures contracts** | **Net unrealized depreciation on open futures contracts** | **Net unrealized depreciation on open futures contracts** | &nbsp;&nbsp;&nbsp; **$(68235)** |

---

At September 30, 2025, the Fund had the following open forward foreign currency contracts:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Currency <br>Purchased | Currency <br>Purchased | Currency <br>Sold | Currency <br>Sold | Counterparty | Settlement <br>Date<br>| Unrealized <br>Appreciation <br>(Depreciation)<br>|
| COP | &nbsp;&nbsp; 7268120000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 1786657 | Bank of America N.A. | &nbsp;&nbsp; 10/15/25 | &nbsp;&nbsp; $63519 |
| MXN | &nbsp;&nbsp; 127961799 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 6834654 | Bank of America N.A. | &nbsp;&nbsp; 10/15/25 | &nbsp;&nbsp; 141327 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 6748720 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 127961799 | Bank of America N.A. | &nbsp;&nbsp; 10/15/25 | &nbsp;&nbsp; (227261) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 1785709 | &nbsp;&nbsp; COP | &nbsp;&nbsp; 7268120000 | JPMorgan Chase & Co. | &nbsp;&nbsp; 10/15/25 | &nbsp;&nbsp;&nbsp; (64467) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 1544782 | &nbsp;&nbsp; ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 27498500 | JPMorgan Chase & Co. | &nbsp;&nbsp; 10/15/25 | &nbsp;&nbsp;&nbsp; (45812) |
| **Net unrealized depreciation on open forward foreign currency contracts** | **Net unrealized depreciation on open forward foreign currency contracts** | **Net unrealized depreciation on open forward foreign currency contracts** | **Net unrealized depreciation on open forward foreign currency contracts** | **Net unrealized depreciation on open forward foreign currency contracts** | **Net unrealized depreciation on open forward foreign currency contracts** | &nbsp;&nbsp; **$(132694)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this table:** | **Abbreviation(s) used in this table:** | **Abbreviation(s) used in this table:** |
| COP |  | Colombian Peso |
| MXN |  | Mexican Peso |
| USD |  | United States Dollar |
| ZAR |  | South African Rand |

---

This Schedule of Investments is unaudited and is intended to provide information about the Fund's investments as of the date of the schedule. Other information regarding the Fund is available in the Fund's most recent annual or semi-annual shareholder report.

See Notes to Schedule of Investments.

------

Western Asset Emerging Markets Debt Fund Inc. 2025 Quarterly Report

------

Notes to Schedule of Investments (unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization and significant accounting policies** 

Western Asset Emerging Markets Debt Fund Inc. (the "Fund") was incorporated in Maryland on April 16, 2003, and is registered as a non-diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the "1940 Act"). The Board of Directors (the "Board") authorized 100 million shares of $0.001 par value common stock. The Fund's primary investment objective is to seek high current income and the Fund's secondary objective is to seek capital appreciation.

The Fund follows the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services – Investment Companies* ("ASC 946"). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles ("GAAP"), including, but not limited to, ASC 946.

**(a) Investment valuation.** The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund's Board.

Pursuant to policies adopted by the Board, the Fund's manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund's manager is assisted by the Global Fund Valuation Committee (the "Valuation Committee"). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Fund's pricing policies, and reporting to the Fund's manager and the Board. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer's financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts' research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board quarterly.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other

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Western Asset Emerging Markets Debt Fund Inc. 2025 Quarterly Report

------

Notes to Schedule of Investments (unaudited) (cont'd)

relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

• Level 1 — unadjusted quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 — significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund's assets and liabilities carried at fair value: <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Long-Term Investments†: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Sovereign Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp; $480912726 | &nbsp;&nbsp; — | &nbsp;&nbsp; $480912726 |
| &nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 359599710 | &nbsp;&nbsp; — | &nbsp;&nbsp; 359599710 |
| &nbsp;&nbsp;&nbsp; U.S. Government & Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 7529883 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7529883 |
| &nbsp;&nbsp;&nbsp; Senior Loans | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $1900450 | &nbsp;&nbsp; 1900450 |
| &nbsp;&nbsp;&nbsp; Convertible Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 11735 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11735 |
| &nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp; 10780 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10780 |
| Total Long-Term Investments | &nbsp;&nbsp; — | &nbsp;&nbsp; 848064834 | &nbsp;&nbsp; 1900450 | &nbsp;&nbsp; 849965284 |
| Short-Term Investments† | &nbsp;&nbsp; — | &nbsp;&nbsp; 11491677 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11491677 |
| **Total Investments** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$859556511** | &nbsp;&nbsp; **$1900450** | &nbsp;&nbsp; **$861456961** |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Futures Contracts†† | &nbsp;&nbsp; $182070 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $182070 |
| &nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts†† | &nbsp;&nbsp; — | &nbsp;&nbsp; $204846 | &nbsp;&nbsp; — | &nbsp;&nbsp; 204846 |
| **Total Other Financial Instruments** | &nbsp;&nbsp; **$182070** | &nbsp;&nbsp; **$204846** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$386916** |
| **Total** | &nbsp;&nbsp; **$182070** | &nbsp;&nbsp; **$859761357** | &nbsp;&nbsp; **$1900450** | &nbsp;&nbsp; **$861843877** |
| **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Futures Contracts†† | &nbsp;&nbsp; $250305 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $250305 |
| &nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts†† | &nbsp;&nbsp; — | &nbsp;&nbsp; $337540 | &nbsp;&nbsp; — | &nbsp;&nbsp; 337540 |
| **Total** | &nbsp;&nbsp; **$250305** | &nbsp;&nbsp; **$337540** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$587845** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

† See Schedule of Investments for additional detailed categorizations. <br> †† Reflects the unrealized appreciation (depreciation) of the instruments.

**2. Transactions with affiliated company**

As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for all or some portion of the period ended September 30, 2025. The following transactions were

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Western Asset Emerging Markets Debt Fund Inc. 2025 Quarterly Report

------

effected in such company for the period ended September 30, 2025. <br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>December 31, <br>2024 | Purchased | Purchased | Sold | Sold |
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>December 31, <br>2024 | Cost | Shares | Proceeds | Shares |
| Western Asset Premier <br> Institutional Government <br> Reserves, Premium <br> Shares<br>| $8388923 | $152806117 | 152806117 | $161195040 | 161195040 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| (cont'd) | Realized <br>Gain (Loss)<br>| Dividend <br>Income<br>| Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Affiliate <br>Value at <br>September 30, <br>2025<br>|
| Western Asset Premier <br> Institutional Government <br> Reserves, Premium Shares<br>|  | $97264 |  |  |

---

------

Western Asset Emerging Markets Debt Fund Inc. 2025 Quarterly Report

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Western Asset Emerging Markets Debt Fund Inc.

- **b. Investment Company Act file number:** 811-21343

- **c. CIK number of Registrant:** 0001227862

- **d. LEI of Registrant:** 549300F68574RU1BKP84

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

  - **Street Address 1:** 620 Eighth Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10018

  - **Telephone number:** 1-888-777-0102

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

- **a. Name of Series:** Western Asset Emerging Markets Debt Fund Inc.

- **c. LEI of Series:** 549300F68574RU1BKP84

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $885932515.71

**Total Liabilities:** $246451760.62

**Net Assets:** $639480755.09

**Cash Not Reported:** $9824686.23

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -2588.18000000 | **1-Year:** 18124.50000000 | **5-Year:** 70051.55000000 | **10-Year:** 110124.24000000 | **30-Year:** 10128.99000000

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

- **3-Month:** 710.24000000 | **1-Year:** 30515.42000000 | **5-Year:** 90804.48000000 | **10-Year:** 89621.37000000 | **30-Year:** 4893.93000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | 1.54%                | 2.82%                | 1.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-153213.75              | $5647589.92                                |
| Month 2  | $49041.06                | $8743781.63                                |
| Month 3  | $-1424374.28             | $9183931.78                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LAS VEGAS SANDS CORP                        | Las Vegas Sands Corp                                                             | CUSIP: 517834AN7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |     1290000 | PA      | $1343974.32   | 0.21%             | 2030-06-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CNTL AMR BOTTLING CORP                      | Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL        | CUSIP: 15239XAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |     3130000 | PA      | $3093890.44   | 0.48%             | 2029-04-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                    | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                        | CUSIP: 71568QAD9<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |     3810000 | PA      | $3495421.25   | 0.55%             | 2047-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                     | European Bank for Reconstruction & Development                                   | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | N/A       |  2850000000 | PA      | $1939758.33   | 0.30%             | 2026-07-21      | Fixed         | 21.00%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                       | Venezuela Government International Bond                                          | CUSIP: 922646AS3<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     4205000 | PA      | $1025389.25   | 0.16%             | 2027-09-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                   | Prosus NV                                                                        | CUSIP: 74365PAG3<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |     2000000 | PA      | $1969624.90   | 0.31%             | 2027-01-19      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                        | Colombia Government International Bond                                           | CUSIP: 195325EA9<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    11500000 | PA      | $8193750.00   | 1.28%             | 2042-02-22      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                       | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      476100 | PA      | $422492.79    | 0.07%             | 2036-05-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                          | Dominican Republic International Bond                                            | CUSIP: 25714PDZ8<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     4800000 | PA      | $4963680.00   | 0.78%             | 2028-07-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS                              | Eskom Holdings                                                                   | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |     9600000 | PA      | $9507659.33   | 1.49%             | 2027-07-23      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT OF JAMAICA                       | Jamaica Government International Bond                                            | CUSIP: 470160CF7<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |   617000000 | PA      | $4045740.12   | 0.63%             | 2030-11-03      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                 | Ivory Coast Government International Bond                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     4800000 | PA      | $5641555.52   | 0.88%             | 2030-03-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PT PERTAMINA (PERSERO)                      | Pertamina Persero PT                                                             | CUSIP: 69369EAB5<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |     1500000 | PA      | $1613354.25   | 0.25%             | 2041-05-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                          | Angolan Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     2150000 | PA      | $2165402.64   | 0.34%             | 2028-05-09      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                     | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAF8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     4000000 | PA      | $2988720.40   | 0.47%             | 2046-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                      | Asian Development Bank                                                           | CUSIP: 000000000<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | N/A       |  4791000000 | PA      | $3306983.28   | 0.52%             | 2026-03-27      | Fixed         | 20.00%                | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                        | Flutter Treasury DAC                                                             | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |     1800000 | PA      | $1828233.00   | 0.29%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RAILWORKS HOLDINGS LP/R                     | Railworks Holdings LP / Railworks Rally Inc                                      | CUSIP: 75079MAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2000000 | PA      | $2025060.00   | 0.32%             | 2028-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                           | Ghana Government International Bond                                              | CUSIP: 374422AM5<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     4428358 | PA      | $4322360.34   | 0.68%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC.               | DEUTSCHE BANK SECURITIES                                                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |    -6444548 | PA      | $-6444548.25  | -1.01%            |  |  |  | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                        | Las Vegas Sands Corp                                                             | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |     3500000 | PA      | $3579028.36   | 0.56%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                 | Ivory Coast Government International Bond                                        | CUSIP: 221625AT3<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     3910000 | PA      | $4070899.75   | 0.64%             | 2033-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                       | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |     1015950 | PA      | $873255.13    | 0.14%             | 2033-03-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association       | USD/COP FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |           1 | NC      | $63519.07     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AFRICAN EXPORT-IMPORT BA                    | African Export-Import Bank/The                                                   | CUSIP: 00831TAC5<br>LEI: 21380068LJCDYA42GJ76 | Long             | DBT              | NUSS              | N/A       |     3000000 | PA      | $2708573.43   | 0.42%             | 2031-05-17      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                    | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |      871000 | PA      | $799142.50    | 0.12%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| AFRICAN EXPORT-IMPORT BA                    | African Export-Import Bank/The                                                   | CUSIP: 000000000<br>LEI: 21380068LJCDYA42GJ76 | Long             | DBT              | NUSS              | N/A       |     3100000 | PA      | $3060167.23   | 0.48%             | 2026-05-17      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| MEGLOBAL BV                                 | MEGlobal BV                                                                      | CUSIP: 29441WAD7<br>LEI: 549300WBVLU2FILR7W19 | Long             | DBT              | CORP              | NL        |     1600000 | PA      | $1528376.00   | 0.24%             | 2028-04-28      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                            | Peruvian Government International Bond                                           | CUSIP: 715638AP7<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     5498000 | PA      | $6921432.20   | 1.08%             | 2033-11-21      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                      | Oman Government International Bond                                               | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |     6500000 | PA      | $7150861.97   | 1.12%             | 2048-01-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                    | Petrobras Global Finance BV                                                      | CUSIP: 71647NAS8<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |     3000000 | PA      | $3110160.00   | 0.49%             | 2027-01-17      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                                                      | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     8500000 | PA      | $8499051.74   | 1.33%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                       | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      517950 | PA      | $486225.56    | 0.08%             | 2030-01-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                       | Indonesia Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |     3210000 | PA      | $3643315.81   | 0.57%             | 2037-02-17      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                             | Cemex SAB de CV                                                                  | CUSIP: 000000000<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |     1000000 | PA      | $1012428.00   | 0.16%             | 2029-11-19      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF JORDAN                           | Jordan Government International Bond                                             | CUSIP: 41809JAA3<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |     3120000 | PA      | $3265658.39   | 0.51%             | 2028-01-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                     | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAR2<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     1630000 | PA      | $1865727.34   | 0.29%             | 2031-09-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| FEDERAL REP OF ETHIOPIA                     | Ethiopia International Bond                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | ET        |    10900000 | PA      | $10482051.49  | 1.64%             | 2024-12-11      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                          | Ukraine Government International Bond                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      807487 | PA      | $427531.07    | 0.07%             | 2030-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DEL PERU SA                       | Petroleos del Peru SA                                                            | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |     2000000 | PA      | $1740870.00   | 0.27%             | 2032-06-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF MOZAMBIQUE                      | Mozambique International Bond                                                    | CUSIP: 000000000<br>LEI: 213800759WLKYIKPER73 | Long             | DBT              | NUSS              | MZ        |     2000000 | PA      | $1788048.42   | 0.28%             | 2031-09-15      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                         | Nigeria Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     9930000 | PA      | $9224948.55   | 1.44%             | 2038-02-23      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA                          | Zambia Government International Bond                                             | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     2934299 | PA      | $2812355.84   | 0.44%             | 2033-06-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                       | Venezuela Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |    22130000 | PA      | $4184783.00   | 0.65%             | 2019-10-13      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                 | Ivory Coast Government International Bond                                        | CUSIP: 221625AN6<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     1200000 | PA      | $1154979.00   | 0.18%             | 2033-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                          | Bahrain Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |     7000000 | PA      | $7048908.79   | 1.10%             | 2031-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                    | Petrobras Global Finance BV                                                      | CUSIP: 71647NAZ2<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |     4000000 | PA      | $4104912.00   | 0.64%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                     | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    16840000 | PA      | $15039878.26  | 2.35%             | 2032-03-27      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                     | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   218080000 | PA      | $11806131.47  | 1.85%             | 2026-03-05      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TRANSPRTDRA DE GAS INTL                     | Transportadora de Gas Internacional SA ESP                                       | CUSIP: 89387YAC5<br>LEI: 529900780HCVLCEM2440 | Long             | DBT              | CORP              | CO        |      750000 | PA      | $766656.00    | 0.12%             | 2028-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                          | Panama Government International Bond                                             | CUSIP: 698299AK0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      910000 | PA      | $1037764.00   | 0.16%             | 2029-04-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                      | Oman Government International Bond                                               | CUSIP: 682051AH0<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |     7500000 | PA      | $7703591.55   | 1.20%             | 2028-01-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                         | Turkiye Government International Bond                                            | CUSIP: 900123DK3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     3040000 | PA      | $3230562.10   | 0.51%             | 2034-05-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                    | Comision Federal de Electricidad                                                 | CUSIP: 000000000<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |     1000000 | PA      | $884151.60    | 0.14%             | 2033-07-26      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association       | USD/MXN FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-227260.47   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association       | MXN/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |           1 | NC      | $141326.71    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA AOYUAN GROUP LTD                      | China Aoyuan Group Ltd                                                           | CUSIP: 000000000<br>LEI: 549300YSOKQO5QD6MP25 | Long             | DBT              | CORP              | KY        |      791313 | PA      | $13847.97     | 0.00%             | 2031-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                          | Bahrain Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |     2000000 | PA      | $2100328.62   | 0.33%             | 2028-10-12      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TRUST FIBRAUNO                              | Trust Fibra Uno                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     1250000 | PA      | $1154628.25   | 0.18%             | 2050-01-15      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| TRUST FIBRAUNO                              | Trust Fibra Uno                                                                  | CUSIP: 898339AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     5250000 | PA      | $5150686.80   | 0.81%             | 2030-01-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                              | Wynn Macau Ltd                                                                   | CUSIP: 98313RAE6<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |      750000 | PA      | $736425.00    | 0.12%             | 2029-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT                       | Costa Rica Government International Bond                                         | CUSIP: 221597CV7<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |     1800000 | PA      | $1975441.28   | 0.31%             | 2054-11-13      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                          | Ukraine Government International Bond                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     2549964 | PA      | $1247309.74   | 0.20%             | 2035-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                       | Melco Resorts Finance Ltd                                                        | CUSIP: 000000000<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |     4500000 | PA      | $4433345.10   | 0.69%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                     | Romanian Government International Bond                                           | CUSIP: 77586RAW0<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     6200000 | PA      | $6667255.19   | 1.04%             | 2037-02-10      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SENEGAL                         | Senegal Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |     2000000 | PA      | $1453734.58   | 0.23%             | 2033-05-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                     | El Salvador Government International Bond                                        | CUSIP: 283875CE0<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     6250000 | PA      | $6835937.50   | 1.07%             | 2030-04-17      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC.               | DEUTSCHE BANK SECURITIES                                                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |    -8867733 | PA      | $-8867732.83  | -1.39%            |  |  |  | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                       | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAJ8<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |     2830000 | PA      | $2839310.70   | 0.44%             | 2033-09-24      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                         | Nigeria Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     2600000 | PA      | $2589205.37   | 0.40%             | 2032-02-16      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                         | Ecuador Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     4760000 | PA      | $3564050.00   | 0.56%             | 2035-07-31      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON                           | Gabon Government International Bond                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |     2000000 | PA      | $1615893.72   | 0.25%             | 2031-02-06      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FRESNILLO PLC                               | Fresnillo PLC                                                                    | CUSIP: 358070AB6<br>LEI: 549300JXWH1UV5J0XV81 | Long             | DBT              | CORP              | GB        |     3000000 | PA      | $2381904.60   | 0.37%             | 2050-10-02      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                          | Bahrain Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |     1000000 | PA      | $916707.32    | 0.14%             | 2051-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF JORDAN                           | Jordan Government International Bond                                             | CUSIP: 000000000<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |     1600000 | PA      | $1672452.85   | 0.26%             | 2029-01-13      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                        | ROYAL BANK OF CANADA                                                             | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Short            | RA               | CORP              | US        |    -3469375 | PA      | $-3469375.00  | -0.54%            |  |  |  | No            |                  2 | On Loan: No      |
| YINSON BORONIA PRODUCTIO                    | Yinson Boronia Production BV                                                     | CUSIP: 98584XAA3<br>LEI: 5493007X12FTT746N678 | Long             | DBT              | CORP              | NL        |     2943270 | PA      | $3280723.62   | 0.51%             | 2042-07-31      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                           | Ghana Government International Bond                                              | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     6368052 | PA      | $5383122.08   | 0.84%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA                     | Latam Airlines Group SA                                                          | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |     3000000 | PA      | $3125100.00   | 0.49%             | 2030-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| STATE OF QATAR                              | Qatar Government International Bond                                              | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |    10000000 | PA      | $9339884.00   | 1.46%             | 2046-06-02      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NATURA &CO LUX HLD SARL                     | Natura &Co Luxembourg Holdings Sarl                                              | CUSIP: 000000000<br>LEI: 54930074AZRQQPMINM11 | Long             | DBT              | CORP              | LU        |     2000000 | PA      | $1920955.00   | 0.30%             | 2028-05-03      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                         | Turkiye Government International Bond                                            | CUSIP: 900123CP3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     4000000 | PA      | $3997332.20   | 0.63%             | 2028-02-17      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PROVINCIA DE CORDOBA                        | Provincia de Cordoba                                                             | CUSIP: 000000000<br>LEI: 5299006CLM2Z97AATT29 | Long             | DBT              | NUSS              | AR        |      550000 | PA      | $538209.46    | 0.08%             | 2027-06-01      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                          | Dominican Republic International Bond                                            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     4400000 | PA      | $3913580.00   | 0.61%             | 2060-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                         | Petroleos Mexicanos                                                              | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     2000000 | PA      | $2026340.00   | 0.32%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT                       | Costa Rica Government International Bond                                         | CUSIP: 221597BV8<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |     4200000 | PA      | $4522582.34   | 0.71%             | 2045-03-12      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| MEGLOBAL CANADA ULC                         | MEGlobal Canada ULC                                                              | CUSIP: 58518N2A9<br>LEI: 635400MHHHT7LMKMQL03 | Long             | DBT              | CORP              | CA        |     4100000 | PA      | $4318501.30   | 0.68%             | 2030-05-18      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                        | Republic of Uzbekistan International Bond                                        | CUSIP: 91824PAA5<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |     1560000 | PA      | $1680796.54   | 0.26%             | 2032-02-28      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                    | Comision Federal de Electricidad                                                 | CUSIP: 000000000<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |     1000000 | PA      | $755692.90    | 0.12%             | 2051-02-09      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| LIMA METRO LINE 2 FIN LT                    | Lima Metro Line 2 Finance Ltd                                                    | CUSIP: 532522AB5<br>LEI: 5493009BVQNQT1UKQ352 | Long             | DBT              | CORP              | KY        |     2882436 | PA      | $2791595.18   | 0.44%             | 2036-04-05      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                    | Uruguay Government International Bond                                            | CUSIP: 760942BE1<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    10408526 | PA      | $11183961.19  | 1.75%             | 2034-10-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ADANI PORTS AND SPECIAL                     | Adani Ports & Special Economic Zone Ltd                                          | CUSIP: 000000000<br>LEI: 335800QOAXP5TM7OYP69 | Long             | DBT              | CORP              | IN        |      700000 | PA      | $636087.34    | 0.10%             | 2032-02-02      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                             | Sands China Ltd                                                                  | CUSIP: 80007RAE5<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |     2700000 | PA      | $2764060.20   | 0.43%             | 2028-08-08      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                      | Standard Chartered PLC                                                           | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |     2300000 | PA      | $2250228.94   | 0.35%             | 2028-01-12      | Fixed         | 2.61%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                      | Egypt Government International Bond                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    13560000 | PA      | $11299381.08  | 1.77%             | 2048-02-21      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO                     | KazMunayGas National Co JSC                                                      | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |    16300000 | PA      | $14723912.90  | 2.30%             | 2033-04-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PAMPA ENERGIA SA                            | Pampa Energia SA                                                                 | CUSIP: 697660AF5<br>LEI: 254900QNIK0CVURGML24 | Long             | DBT              | CORP              | AR        |     1000000 | PA      | $988000.00    | 0.15%             | 2034-12-16      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                     | Hungary Government International Bond                                            | CUSIP: 445545AN6<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     1300000 | PA      | $822564.11    | 0.13%             | 2051-09-21      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS                      | Galaxy Pipeline Assets Bidco Ltd                                                 | CUSIP: 000000000<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |      798284 | PA      | $779245.12    | 0.12%             | 2027-09-30      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                 | Ivory Coast Government International Bond                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     2500000 | PA      | $2406206.25   | 0.38%             | 2033-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC.               | Deutsche Bank Securities                                                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Short            | RA               | CORP              | US        |    -4382621 | PA      | $-4382621.25  | -0.69%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARMENIA                         | Republic of Armenia International Bond                                           | CUSIP: 042207AD2<br>LEI: 5299000H77JSW90G7935 | Long             | DBT              | NUSS              | AM        |     7000000 | PA      | $6323395.89   | 0.99%             | 2031-02-02      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                         | Petroleos Mexicanos                                                              | CUSIP: 71654QCK6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    15500000 | PA      | $15444950.98  | 2.42%             | 2028-02-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| China Aoyuan Group Ltd                      | China Aoyuan Group Ltd                                                           | CUSIP: 000000000<br>LEI: 549300YSOKQO5QD6MP25 | Long             | EC               | CORP              | CN        |      729465 | NS      | $10780.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                    | Petroleos de Venezuela SA                                                        | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |    16630000 | PA      | $2743950.00   | 0.43%             | 2021-11-17      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ADD HERO HOLDINGS                           | Add Hero Holdings Ltd                                                            | CUSIP: 000000000<br>LEI: 254900WMSDP48LFA7478 | Long             | DBT              | CORP              | VG        |     2119041 | PA      | $42380.82     | 0.01%             | 2031-09-30      | Fixed         | 9.80%                 | No            |                  2 | On Loan: No      |
| EMPRESA GEN ELEC HAINA                      | Empresa Generadora de Electricidad Haina SA                                      | CUSIP: 29249FAA4<br>LEI: 549300Y36L5LRW5RH373 | Long             | DBT              | CORP              | DO        |     4250000 | PA      | $4174775.00   | 0.65%             | 2028-11-08      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PROVINCIA DE CORDOBA                        | Provincia de Cordoba                                                             | CUSIP: 74408DAD6<br>LEI: 5299006CLM2Z97AATT29 | Long             | DBT              | NUSS              | AR        |     1599022 | PA      | $1564743.22   | 0.24%             | 2027-06-01      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                     | International Bank for Reconstruction & Development                              | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | N/A       |   312500000 | PA      | $7755741.55   | 1.21%             | 2028-05-10      | Fixed         | 8.05%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                 | CUSIP: 91282CNP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     5000000 | PA      | $5020996.10   | 0.79%             | 2027-07-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| DP WORLD LTD UAE                            | DP World Ltd/United Arab Emirates                                                | CUSIP: 23330JAB7<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |     5000000 | PA      | $4928673.40   | 0.77%             | 2048-09-25      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                           | Chile Government International Bond                                              | CUSIP: 168863DV7<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |     4000000 | PA      | $3671600.00   | 0.57%             | 2034-01-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                        | Colombia Government International Bond                                           | CUSIP: 195325DZ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     3500000 | PA      | $2968000.00   | 0.46%             | 2032-04-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COPPER CORP                        | Southern Copper Corp                                                             | CUSIP: 84265VAE5<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |      344000 | PA      | $390753.38    | 0.06%             | 2040-04-16      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                    | Petrobras Global Finance BV                                                      | CUSIP: 71647NAN9<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    13800000 | PA      | $12978756.48  | 2.03%             | 2115-06-05      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| PROVINCIA DE BUENOS AIRE                    | Provincia de Buenos Aires/Government Bonds                                       | CUSIP: 000000000<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |     3260320 | PA      | $1911362.60   | 0.30%             | 2037-09-01      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                      | Millicom International Cellular SA                                               | CUSIP: 600814AQ0<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |     1638900 | PA      | $1655223.44   | 0.26%             | 2029-03-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TURK TELEKOMUNIKASYON AS                    | Turk Telekomunikasyon AS                                                         | CUSIP: 90011QAD2<br>LEI: 789000A2TXOI10JZLF90 | Long             | DBT              | CORP              | TR        |     4000000 | PA      | $4147877.76   | 0.65%             | 2029-05-20      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                      | Egypt Government International Bond                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     2400000 | PA      | $2386206.94   | 0.37%             | 2026-02-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ADD HERO HOLDINGS                           | Add Hero Holdings Ltd                                                            | CUSIP: 000000000<br>LEI: 254900WMSDP48LFA7478 | Long             | DBT              | CORP              | VG        |     1983399 | PA      | $119003.94    | 0.02%             | 2029-09-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                       | Venezuela Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     7000000 | PA      | $1446200.00   | 0.23%             | 2024-10-13      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                        | YPF SA                                                                           | CUSIP: 984245AQ3<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |     1320000 | PA      | $1312703.17   | 0.21%             | 2027-07-21      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                      | Republic of Uzbekistan International Bond                                        | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |     4000000 | PA      | $3702821.40   | 0.58%             | 2030-11-25      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                              | Wynn Macau Ltd                                                                   | CUSIP: 98313RAD8<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |     3000000 | PA      | $3002024.19   | 0.47%             | 2027-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAGICOR FINANCIAL CO                        | Sagicor Financial Co Ltd                                                         | CUSIP: 78669QAA8<br>LEI: 984500P7FADAA3A50B04 | Long             | DBT              | CORP              | BM        |     3600000 | PA      | $3585996.00   | 0.56%             | 2028-05-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| QAZAQGAZ NC JSC                             | QazaqGaz NC JSC                                                                  | CUSIP: 000000000<br>LEI: 635400YGLXBBSVHONW39 | Long             | DBT              | CORP              | KZ        |     4200000 | PA      | $4175811.70   | 0.65%             | 2027-09-26      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BONOS BANCO CENT ARGENT                     | Bonos Para La Reconstruccion De Una Argentina Libre                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |     3000000 | PA      | $2975250.00   | 0.47%             | 2026-05-31      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                         | Petroleos Mexicanos                                                              | CUSIP: 71654QAZ5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     8200000 | PA      | $7187646.86   | 1.12%             | 2041-06-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EGYPT GOVERNMENT BOND                       | Egypt Government Bond                                                            | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   153000000 | PA      | $3274459.35   | 0.51%             | 2027-08-13      | Fixed         | 25.32%                | No            |                  2 | On Loan: No      |
| BANC CREDITO INVERSIONES                    | Banco de Credito e Inversiones SA                                                | CUSIP: 05890MAC7<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |     3830000 | PA      | $4149479.45   | 0.65%             | N/A             | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                    | Republic of South Africa Government Bond                                         | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    35700000 | PA      | $1640171.24   | 0.26%             | 2036-03-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                           | Republic of Kenya Government International Bond                                  | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     4680000 | PA      | $4814580.28   | 0.75%             | 2028-02-28      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                    | First Quantum Minerals Ltd                                                       | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |     1400000 | PA      | $1479949.65   | 0.23%             | 2033-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PROVINCIA DE BUENOS AIRE                    | Provincia de Buenos Aires/Government Bonds                                       | CUSIP: 000000000<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |    16807756 | PA      | $9853546.93   | 1.54%             | 2037-09-01      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| AFRICA FINANCE CORP                         | Africa Finance Corp                                                              | CUSIP: 000000000<br>LEI: 213800LXFHRRXIJRXW97 | Long             | DBT              | NUSS              | N/A       |     3000000 | PA      | $2876275.11   | 0.45%             | 2029-10-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                           | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAH4<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     2000000 | PA      | $2098410.00   | 0.33%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                             | IHS Holding Ltd                                                                  | CUSIP: 44963HAC9<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |     3160000 | PA      | $3272027.12   | 0.51%             | 2030-05-29      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                      | Egypt Government International Bond                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     2000000 | PA      | $2025708.90   | 0.32%             | 2028-02-21      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                    | Petroleos de Venezuela SA                                                        | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     8145000 | PA      | $1327635.00   | 0.21%             | 2024-05-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH OF BAHAMAS                     | Bahamas Government International Bond                                            | CUSIP: 056732AG5<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |     3000000 | PA      | $3037350.00   | 0.47%             | 2029-11-20      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                 | CUSIP: 91282CNE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     2500000 | PA      | $2508886.73   | 0.39%             | 2027-05-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CHINA AOYUAN GROUP LTD                      | China Aoyuan Group Ltd                                                           | CUSIP: 000000000<br>LEI: 549300YSOKQO5QD6MP25 | Long             | DBT              | CORP              | KY        |      260782 | PA      | $11735.19     | 0.00%             | 2028-09-30      | None          | 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        |    93920000 | PA      | $3939664.09   | 0.62%             | 2041-02-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PAMPA ENERGIA SA                            | Pampa Energia SA                                                                 | CUSIP: 697660AE8<br>LEI: 254900QNIK0CVURGML24 | Long             | DBT              | CORP              | AR        |     1050000 | PA      | $1070737.50   | 0.17%             | 2031-09-10      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| STATE OF QATAR                              | Qatar Government International Bond                                              | CUSIP: 74727PAY7<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |     4920000 | PA      | $4900622.92   | 0.77%             | 2048-04-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                     | Inter-American Development Bank                                                  | CUSIP: 000000000<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | N/A       |  1000000000 | PA      | $1938770.89   | 0.30%             | 2031-02-06      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH OF BAHAMAS                     | Bahamas Government International Bond                                            | CUSIP: 056732AM2<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |     8000000 | PA      | $8676000.00   | 1.36%             | 2029-06-16      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| AES ANDES SA                                | AES Andes SA                                                                     | CUSIP: 00111VAD9<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |      800000 | PA      | $838539.32    | 0.13%             | 2032-03-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| INSTITUTO COSTARRICENSE                     | Instituto Costarricense de Electricidad                                          | CUSIP: 45777VAE7<br>LEI: 5493009VA6AFUB2Q0289 | Long             | DBT              | CORP              | CR        |     3100000 | PA      | $3248180.00   | 0.51%             | 2031-10-07      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                         | Turkiye Government International Bond                                            | CUSIP: 900123DH0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     3000000 | PA      | $3352570.89   | 0.52%             | 2029-03-14      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| MERSIN ULUSLARARASI LIMA                    | Mersin Uluslararasi Liman Isletmeciligi AS                                       | CUSIP: 590454AC8<br>LEI: 635400DAFN6NT43HM530 | Long             | DBT              | CORP              | TR        |     2870000 | PA      | $2987623.31   | 0.47%             | 2028-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                    | Avolon Holdings Funding Ltd                                                      | CUSIP: 05401AAM3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |     3500000 | PA      | $3464416.45   | 0.54%             | 2026-02-21      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                          | Ukraine Government International Bond                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     6686005 | PA      | $3772025.12   | 0.59%             | 2034-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| AES ANDES SA                                | AES Andes SA                                                                     | CUSIP: 00111VAC1<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |     2000000 | PA      | $2118754.00   | 0.33%             | 2055-06-10      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| MIZRAHI TEFAHOT BANK LTD                    | Mizrahi Tefahot Bank Ltd                                                         | CUSIP: 000000000<br>LEI: YZO9YEGEO4VYDZMDWF93 | Long             | DBT              | CORP              | IL        |     1500000 | PA      | $1482215.63   | 0.23%             | 2031-04-07      | Fixed         | 3.08%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                         | Ecuador Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    12680000 | PA      | $8384650.00   | 1.31%             | 2040-07-31      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                | Ecopetrol SA                                                                     | CUSIP: 279158AJ8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     4900000 | PA      | $3751258.70   | 0.59%             | 2045-05-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PUMA INTERNATIONAL FINAN                    | Puma International Financing SA                                                  | CUSIP: 74588YAB6<br>LEI: 222100YFBPO7IDRUBR17 | Long             | DBT              | CORP              | LU        |     3250000 | PA      | $3369729.74   | 0.53%             | 2029-04-25      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TRANSNET/SOUTH AFRICA                       | Transnet/South Africa                                                            | CUSIP: 89378TAD5<br>LEI: 378900B07CD6F01EA796 | Long             | DBT              | CORP              | ZA        |     3100000 | PA      | $3275544.97   | 0.51%             | 2028-02-06      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TENGIZCHEVROIL FIN CO IN                    | Tengizchevroil Finance Co International Ltd                                      | CUSIP: 000000000<br>LEI: 5493001VEV2XTJIBZH31 | Long             | DBT              | CORP              | BM        |     7800000 | PA      | $7759599.28   | 1.21%             | 2026-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAAVI ENERGIA SARL                          | Saavi Energia Sarl                                                               | CUSIP: 78518PAA3<br>LEI: 254900A2V0IO8K56UH35 | Long             | DBT              | CORP              | LU        |     1600000 | PA      | $1723920.00   | 0.27%             | 2035-02-10      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| GRUPO NUTRESA SA                            | Grupo Nutresa SA                                                                 | CUSIP: 40055CAA1<br>LEI: 254900KKAX7B7RJUE255 | Long             | DBT              | CORP              | CO        |     3000000 | PA      | $3216750.00   | 0.50%             | 2030-05-12      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA VENDOR FIN                     | Virgin Media Vendor Financing Notes III DAC                                      | CUSIP: 92771EAA1<br>LEI: 635400SSKC2QCGEPIQ43 | Long             | DBT              | CORP              | IE        |     1000000 | PA      | $1315189.48   | 0.21%             | 2028-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                   | Prosus NV                                                                        | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |     3200000 | PA      | $3075040.29   | 0.48%             | 2030-01-21      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| FULL HOUSE RESORTS INC                      | Full House Resorts Inc                                                           | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |     2280000 | PA      | $2118140.06   | 0.33%             | 2028-02-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| QAZAQGAZ NC JSC                             | QazaqGaz NC JSC                                                                  | CUSIP: 48668NAA9<br>LEI: 635400YGLXBBSVHONW39 | Long             | DBT              | CORP              | KZ        |     3000000 | PA      | $2982722.64   | 0.47%             | 2027-09-26      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BANK LEUMI LE-ISRAEL                        | Bank Leumi Le-Israel BM                                                          | CUSIP: 000000000<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | DBT              | CORP              | IL        |     1000000 | PA      | $1047112.50   | 0.16%             | 2033-07-18      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| BANK OF EAST ASIA LTD                       | Bank of East Asia Ltd/The                                                        | CUSIP: 000000000<br>LEI: CO6GC26LCGGRTUESIP55 | Long             | DBT              | CORP              | HK        |     2800000 | PA      | $2794789.73   | 0.44%             | 2032-04-22      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COPPER CORP                        | Southern Copper Corp                                                             | CUSIP: 84265VAA3<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |      310000 | PA      | $367022.02    | 0.06%             | 2035-07-27      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                    | OCP SA                                                                           | CUSIP: 000000000<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |     7000000 | PA      | $6580987.00   | 1.03%             | 2031-06-23      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                      | Republic of Uzbekistan International Bond                                        | CUSIP: 91822Q2E6<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |     2000000 | PA      | $1841725.50   | 0.29%             | 2031-10-19      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                       | Alibaba Group Holding Ltd                                                        | CUSIP: 01609WAX0<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |     1600000 | PA      | $1443389.74   | 0.23%             | 2031-02-09      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| ADD HERO HOLDINGS                           | Add Hero Holdings Ltd                                                            | CUSIP: 000000000<br>LEI: 254900WMSDP48LFA7478 | Long             | DBT              | CORP              | VG        |     1611454 | PA      | $32229.08     | 0.01%             | 2030-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                          | Angolan Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    10560000 | PA      | $8871079.64   | 1.39%             | 2049-11-26      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                          | Panama Government International Bond                                             | CUSIP: 698299BL7<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     6700000 | PA      | $4331885.00   | 0.68%             | 2060-07-23      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                    | Republic of South Africa Government International Bond                           | CUSIP: 836205BB9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     2000000 | PA      | $1605134.82   | 0.25%             | 2049-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF JORDAN                           | Jordan Government International Bond                                             | CUSIP: 000000000<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |     6350000 | PA      | $6343139.71   | 0.99%             | 2030-07-07      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF JORDAN                           | Jordan Government International Bond                                             | CUSIP: 418097AJ0<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |     3820000 | PA      | $3664871.98   | 0.57%             | 2047-10-10      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                       | Indonesia Government International Bond                                          | CUSIP: 455780BJ4<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |     5000000 | PA      | $5030421.30   | 0.79%             | 2042-01-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MAGYAR EXPORT-IMPORT BAN                    | Magyar Export-Import Bank Zrt                                                    | CUSIP: 55977YAA6<br>LEI: 529900O4UGETQ9Q3AA63 | Long             | DBT              | NUSS              | HU        |     1900000 | PA      | $1966075.45   | 0.31%             | 2027-12-04      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ATP TOW/ANDEAN TELECOM                      | ATP Tower Holdings / Andean Telecom Partners Chile SpA / Andean Tower Partners C | CUSIP: 00193BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     6500000 | PA      | $6705972.00   | 1.05%             | 2030-02-03      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                     | El Salvador Government International Bond                                        | CUSIP: 283875CD2<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     6250000 | PA      | $161631.94    | 0.03%             | 2030-04-17      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association   | COP/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-64467.23    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                     | International Bank for Reconstruction & Development                              | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | N/A       |   250000000 | PA      | $2833361.01   | 0.44%             | 2028-04-24      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| AES PANAMA GENERATION HL                    | AES Panama Generation Holdings SRL                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |      940838 | PA      | $889792.87    | 0.14%             | 2030-05-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BANK GOSPODARSTWA KRAJOW                    | Bank Gospodarstwa Krajowego                                                      | CUSIP: 06237MAA1<br>LEI: 259400BCOV9JJIGLYF05 | Long             | DBT              | NUSS              | PL        |     6300000 | PA      | $6526525.32   | 1.02%             | 2033-05-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                        | Paraguay Government International Bond                                           | CUSIP: 699149BY5<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |     2220000 | PA      | $2366409.00   | 0.37%             | 2055-03-04      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| EMPRESA DE TRANSPORTE ME                    | Empresa de Transporte de Pasajeros Metro SA                                      | CUSIP: 29246QAB1<br>LEI: 959800T4M5QUPYMSCH69 | Long             | DBT              | CORP              | CL        |     2560000 | PA      | $2342830.34   | 0.37%             | 2047-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                         | Nigeria Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     1500000 | PA      | $1552436.34   | 0.24%             | 2029-03-24      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                          | Ukraine Government International Bond                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     2124969 | PA      | $1039440.72   | 0.16%             | 2036-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                    | Eagle Funding Luxco Sarl                                                         | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |     2400000 | PA      | $2437944.00   | 0.38%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                               | ZF North America Capital Inc                                                     | CUSIP: 98877DAE5<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |     2500000 | PA      | $2477430.75   | 0.39%             | 2030-04-14      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                      | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAC9<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |     2750000 | PA      | $2886309.25   | 0.45%             | 2031-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MINEJESA CAPITAL BV                         | Minejesa Capital BV                                                              | CUSIP: 602736AB6<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |     3100000 | PA      | $3082113.00   | 0.48%             | 2037-08-10      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                    | Republic of South Africa Government International Bond                           | CUSIP: 836205AV6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     5000000 | PA      | $3755310.45   | 0.59%             | 2046-10-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                       | Argentine Republic Government International Bond                                 | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    20300000 | PA      | $10647350.00  | 1.66%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| POSCO                                       | POSCO                                                                            | CUSIP: 73730EAD5<br>LEI: 9884000N94NH7G6LQ816 | Long             | DBT              | CORP              | KR        |     3500000 | PA      | $3614427.32   | 0.57%             | 2028-01-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                    | First Quantum Minerals Ltd                                                       | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |     4000000 | PA      | $4208052.00   | 0.66%             | 2031-06-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| TANZANIA PRIVATE BL                         | TANZANIA PRIVATE BL                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | TZ        |     1910000 | PA      | $1900450.00   | 0.30%             | 2031-04-30      | Fixed         | 10.50%                | No            |                  3 | On Loan: No      |
| ECOPETROL SA                                | Ecopetrol SA                                                                     | CUSIP: 279158AQ2<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     3000000 | PA      | $2224506.00   | 0.35%             | 2051-11-02      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                    | Saudi Government International Bond                                              | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     2500000 | PA      | $2183351.30   | 0.34%             | 2047-10-04      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                           | Republic of Kenya Government International Bond                                  | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     2900000 | PA      | $2896956.02   | 0.45%             | 2032-05-22      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                       | Guatemala Government Bond                                                        | CUSIP: 401494AS8<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |     4300000 | PA      | $4336555.38   | 0.68%             | 2032-04-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                        | Las Vegas Sands Corp                                                             | CUSIP: 517834AF4<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |     1500000 | PA      | $1451944.05   | 0.23%             | 2029-08-08      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                         | Nigeria Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     1820000 | PA      | $1790501.69   | 0.28%             | 2028-09-28      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                            | LG Energy Solution Ltd                                                           | CUSIP: 000000000<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |     1250000 | PA      | $1279769.45   | 0.20%             | 2030-04-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LIQUID TELECOM FINANCE                      | Liquid Telecommunications Financing Plc                                          | CUSIP: 536333AB3<br>LEI: 635400MXAVJRJJCWVI87 | Long             | DBT              | CORP              | GB        |     1500000 | PA      | $1310439.71   | 0.20%             | 2026-09-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                    | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 000000000<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |     2500000 | PA      | $2484864.75   | 0.39%             | N/A             | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BANCO NACIONAL DE PANAMA                    | Banco Nacional de Panama                                                         | CUSIP: 000000000<br>LEI: 529900H2Q7WMDKKIW109 | Long             | DBT              | CORP              | PA        |     4000000 | PA      | $3518656.80   | 0.55%             | 2030-08-11      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                     | Sasol Financing USA LLC                                                          | CUSIP: 80386WAC9<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |     6000000 | PA      | $5973426.60   | 0.93%             | 2026-09-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TRANSPORT DE GAS PERU                       | Transportadora de Gas del Peru SA                                                | CUSIP: 000000000<br>LEI: 529900SKHHNI5HVI0Y66 | Long             | DBT              | CORP              | PE        |      648000 | PA      | $647855.63    | 0.10%             | 2028-04-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                        | Samarco Mineracao SA                                                             | CUSIP: 000000000<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |     2235682 | PA      | $2248682.43   | 0.35%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ULKER BISKUVI SANAYI AS                     | Ulker Biskuvi Sanayi AS                                                          | CUSIP: 903742AB0<br>LEI: 7890009HEU9BS7J3DA93 | Long             | DBT              | CORP              | TR        |     2000000 | PA      | $2086880.46   | 0.33%             | 2031-07-08      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GRUPO TELEVISA SAB                          | Grupo Televisa SAB                                                               | CUSIP: 40049JBA4<br>LEI: 549300O4AF0C816ILN62 | Long             | DBT              | CORP              | MX        |     9850000 | PA      | $6871024.90   | 1.07%             | 2045-05-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOCHPE-MAX/MAX WHEELS MX                    | Iochpe-Maxion Austria GmbH / Maxion Wheels de Mexico S de RL de CV               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | AT        |     2000000 | PA      | $1940169.40   | 0.30%             | 2028-05-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE ESCROW CL                     | CREDIT SUISSE ESCROW CL                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2000000 | PA      | $0.00         | 0.00%             | 2050-01-01      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                    | Uruguay Government International Bond                                            | CUSIP: 760942BA9<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     3260000 | PA      | $3094555.00   | 0.48%             | 2050-06-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                      | Egypt Government International Bond                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      640000 | PA      | $638768.19    | 0.10%             | 2027-09-30      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                               | ZF North America Capital Inc                                                     | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |     1500000 | PA      | $1464936.45   | 0.23%             | 2030-04-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TELECOM ARGENTINA SA                        | Telecom Argentina SA                                                             | CUSIP: 879273AV2<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | AR        |     7500000 | PA      | $7381099.50   | 1.15%             | 2033-05-28      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                     | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     6500000 | PA      | $6389971.32   | 1.00%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| KOREA HOUSING FINANCE CO                    | Korea Housing Finance Corp                                                       | CUSIP: 50065RAW7<br>LEI: 9884002AAOBT56QW9B80 | Long             | DBT              | USGA              | KR        |     1000000 | PA      | $989609.16    | 0.15%             | 2030-09-17      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                      | Egypt Government International Bond                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     5000000 | PA      | $4664044.00   | 0.73%             | 2031-02-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                      | Asian Development Bank                                                           | CUSIP: 000000000<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | N/A       |   370980000 | PA      | $8263416.72   | 1.29%             | 2026-07-29      | Fixed         | 30.00%                | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                    | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     1750000 | PA      | $1392860.00   | 0.22%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                          | Ukraine Government International Bond                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     4258403 | PA      | $2357946.47   | 0.37%             | 2035-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                          | Dominican Republic International Bond                                            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     8000000 | PA      | $7252000.00   | 1.13%             | 2041-01-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ANTOFAGASTA PLC                             | Antofagasta PLC                                                                  | CUSIP: 03718NAB2<br>LEI: 213800MY6QVH4FVLD628 | Long             | DBT              | CORP              | GB        |     1100000 | PA      | $1138957.60   | 0.18%             | 2032-05-13      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                          | Ukraine Government International Bond                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     3837998 | PA      | $2099105.08   | 0.33%             | 2036-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| BIOCON BIOLOGICS GLOBAL                     | Biocon Biologics Global PLC                                                      | CUSIP: 090978AA5<br>LEI: 254900PMQN51VACG2D55 | Long             | DBT              | CORP              | GB        |     2000000 | PA      | $1943720.40   | 0.30%             | 2029-10-09      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF POLAND                          | Republic of Poland Government International Bond                                 | CUSIP: 731011AV4<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     7000000 | PA      | $7101629.22   | 1.11%             | 2033-10-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association   | ZAR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-45812.20    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                      | Egypt Government International Bond                                              | CUSIP: 03846JX54<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     1600000 | PA      | $1580902.03   | 0.25%             | 2032-05-29      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                       | Guatemala Government Bond                                                        | CUSIP: 401494AW9<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |     3000000 | PA      | $3179095.02   | 0.50%             | 2036-06-13      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                         | Turkiye Government International Bond                                            | CUSIP: 900123CB4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     2160000 | PA      | $1606156.50   | 0.25%             | 2043-04-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                          | Ukraine Government International Bond                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     3017457 | PA      | $1262417.23   | 0.20%             | 2034-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| CZECHOSLOVAK GROUP                          | Czechoslovak Group AS                                                            | CUSIP: 000000000<br>LEI: 315700SWFD7G70AVG768 | Long             | DBT              | CORP              | CZ        |     1560000 | PA      | $1612483.88   | 0.25%             | 2031-01-10      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                           | HSBC Holdings PLC                                                                | CUSIP: 404280DT3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     1800000 | PA      | $1911286.80   | 0.30%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| EMPRESA DE LOS FERROCARR                    | Empresa de los Ferrocarriles del Estado                                          | CUSIP: 292487AB1<br>LEI: 8755006LY8XNRFOGWN86 | Long             | DBT              | CORP              | CL        |     1800000 | PA      | $1230532.78   | 0.19%             | 2061-09-14      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                     | Hungary Government International Bond                                            | CUSIP: 445545AU0<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    11000000 | PA      | $11108441.19  | 1.74%             | 2036-03-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                     | Sasol Financing USA LLC                                                          | CUSIP: 80386WAD7<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |     1400000 | PA      | $1233556.38   | 0.19%             | 2031-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                        | Paraguay Government International Bond                                           | CUSIP: 699149AK6<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |     1900000 | PA      | $1683476.00   | 0.26%             | 2033-01-29      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| ANTOFAGASTA PLC                             | Antofagasta PLC                                                                  | CUSIP: 03718NAD8<br>LEI: 213800MY6QVH4FVLD628 | Long             | DBT              | CORP              | GB        |     3000000 | PA      | $3060480.00   | 0.48%             | 2035-09-09      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PROMIGAS/GASES PACIFICO                     | Promigas SA ESP / Gases del Pacifico SAC                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     3000000 | PA      | $2843577.60   | 0.44%             | 2029-10-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                         | Benin Government International Bond                                              | CUSIP: 08205QAA6<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |     3200000 | PA      | $3280202.66   | 0.51%             | 2038-02-13      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| BANK LEUMI LE-ISRAEL                        | Bank Leumi Le-Israel BM                                                          | CUSIP: 000000000<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | DBT              | CORP              | IL        |     3300000 | PA      | $3329115.90   | 0.52%             | 2027-07-27      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PT PERTAMINA (PERSERO)                      | Pertamina Persero PT                                                             | CUSIP: 69370RAJ6<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |     2000000 | PA      | $1495254.90   | 0.23%             | 2060-02-25      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 2YR NOTE (CBT)                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         743 | NC      | $182069.75    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DOMINICAN REPUBLIC                          | Dominican Republic International Bond                                            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     3800000 | PA      | $3639640.00   | 0.57%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                                                      | CUSIP: 912797QG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     3000000 | PA      | $2992625.43   | 0.47%             | 2025-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANCO DEL ESTADO -CHILE                     | Banco del Estado de Chile                                                        | CUSIP: 05957AAC3<br>LEI: 5493004R4EJC0W0XVQ72 | Long             | DBT              | CORP              | CL        |     2000000 | PA      | $2139241.84   | 0.33%             | N/A             | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                    | Comision Federal de Electricidad                                                 | CUSIP: 200447AH3<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |     2020000 | PA      | $1821648.12   | 0.28%             | 2031-02-09      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| EIG PEARL HOLDINGS SARL                     | EIG Pearl Holdings Sarl                                                          | CUSIP: 28249NAA9<br>LEI: 549300KIMRL45BWA5H76 | Long             | DBT              | CORP              | LU        |     1966900 | PA      | $1818033.74   | 0.28%             | 2036-08-31      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                    | Connect Finco SARL / Connect US Finco LLC                                        | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     2250000 | PA      | $2368473.35   | 0.37%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TRUST FIBRAUNO                              | Trust Fibra Uno                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     2800000 | PA      | $2747032.96   | 0.43%             | 2030-01-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                         | Altice Financing SA                                                              | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |     2000000 | PA      | $1506670.00   | 0.24%             | 2029-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                        | Petronas Capital Ltd                                                             | CUSIP: 000000000<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |     5000000 | PA      | $4508521.55   | 0.71%             | 2032-01-28      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| HTA GROUP LTD                               | HTA Group Ltd/Mauritius                                                          | CUSIP: 40435WAC4<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |     3000000 | PA      | $3120013.62   | 0.49%             | 2029-06-04      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                          | Panama Government International Bond                                             | CUSIP: 698299BH6<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     2430000 | PA      | $1834455.60   | 0.29%             | 2050-04-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR ULTRA                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -200 | NC      | $-250304.46   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| KINGDOM OF BAHRAIN                          | Bahrain Government International Bond                                            | CUSIP: 05674RAK0<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |     7400000 | PA      | $7925464.97   | 1.24%             | 2047-09-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ULTRAPAR INTERNATIONL SA                    | Ultrapar International SA                                                        | CUSIP: 90401CAA7<br>LEI: 222100CXHWBP3H3SK244 | Long             | DBT              | CORP              | LU        |      690000 | PA      | $688785.17    | 0.11%             | 2026-10-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                    | Greensaif Pipelines Bidco Sarl                                                   | CUSIP: 39541EAD5<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |     1500000 | PA      | $1576523.85   | 0.25%             | 2036-02-23      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT                       | Costa Rica Government International Bond                                         | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |     1050000 | PA      | $1096987.50   | 0.17%             | 2031-02-19      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CHINA AOYUAN GROUP LTD                      | China Aoyuan Group Ltd                                                           | CUSIP: 000000000<br>LEI: 549300YSOKQO5QD6MP25 | Long             | DBT              | CORP              | KY        |     2917855 | PA      | $21883.91     | 0.00%             | N/A             | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                        | Paraguay Government International Bond                                           | CUSIP: 699149AP5<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        | 22024000000 | PA      | $3005618.90   | 0.47%             | 2031-02-09      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

**Name of Applicant:** Western Asset Emerging Markets Debt Fund Inc.

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer