Vanguard Emerging Markets Government Bond Index Fund
Schedule of Investments (unaudited)
As of July 31, 2020
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission
(SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The
fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
Face | Market | ||||
Maturity | Amount | Value | |||
Coupon | Date | ($000) | ($000) | ||
Angola (0.6%) | |||||
Sovereign Bonds (0.6%) | |||||
Republic of Angola | 9.500% | 11/12/25 | 2,750 | 2,503 | |
Republic of Angola | 8.250% | 5/9/28 | 3,375 | 2,856 | |
1 | Republic of Angola | 8.000% | 11/26/29 | 3,200 | 2,676 |
1 | Republic of Angola | 9.375% | 5/8/48 | 400 | 329 |
Republic of Angola | 9.375% | 5/8/48 | 2,500 | 2,046 | |
1 | Republic of Angola | 9.125% | 11/26/49 | 2,300 | 1,886 |
Total Angola (Cost $14,987) | 12,296 | ||||
Argentina (1.8%) | |||||
Sovereign Bonds (1.8%) | |||||
5 | Argentine Republic | 5.625% | 1/26/22 | 5,700 | 2,508 |
5 | Argentine Republic | 4.625% | 1/11/23 | 3,186 | 1,402 |
5 | Argentine Republic | 7.500% | 4/22/26 | 11,035 | 4,718 |
5 | Argentine Republic | 6.875% | 1/26/27 | 7,080 | 2,965 |
5 | Argentine Republic | 5.875% | 1/11/28 | 7,663 | 3,199 |
5 | Argentine Republic | 6.625% | 7/6/28 | 2,261 | 947 |
2, 5 | Argentine Republic | 8.280% | 12/31/33 | 1,678 | 839 |
5 | Argentine Republic | 8.280% | 12/31/33 | 7,675 | 3,876 |
5 | Argentine Republic | 7.125% | 7/6/36 | 3,331 | 1,407 |
5 | Argentine Republic | 3.750% | 12/31/38 | 8,914 | 3,710 |
5 | Argentine Republic | 7.625% | 4/22/46 | 4,775 | 2,017 |
5 | Argentine Republic | 6.875% | 1/11/48 | 5,375 | 2,204 |
5 | Argentine Republic | 7.125% | 6/28/17 | 4,825 | 1,990 |
2 | YPF SA | 8.750% | 4/4/24 | 2,720 | 2,418 |
YPF SA | 8.500% | 7/28/25 | 2,712 | 2,251 | |
Total Argentina (Cost $62,861) | 36,451 | ||||
Armenia (0.1%) | |||||
Sovereign Bonds (0.1%) | |||||
Republic of Armenia | 7.150% | 3/26/25 | 900 | 1,023 | |
1 | Republic of Armenia | 3.950% | 9/26/29 | 500 | 494 |
Republic of Armenia | 3.950% | 9/26/29 | 400 | 395 | |
Total Armenia (Cost $1,847) | 1,912 | ||||
Azerbaijan (0.4%) | |||||
Sovereign Bonds (0.4%) | |||||
1 | Republic of Azerbaijan | 4.750% | 3/18/24 | 200 | 216 |
Republic of Azerbaijan | 4.750% | 3/18/24 | 2,200 | 2,372 | |
1,2 | Republic of Azerbaijan | 3.500% | 9/1/32 | 700 | 696 |
2 | Republic of Azerbaijan | 3.500% | 9/1/32 | 1,350 | 1,343 |
3 | Southern Gas Corridor CJSC | 6.875% | 3/24/26 | 3,400 | 3,997 |
Total Azerbaijan (Cost $8,051) | 8,624 | ||||
Bahamas (0.1%) | |||||
Sovereign Bonds (0.1%) | |||||
2 | Commonwealth of the Bahamas | 6.000% | 11/21/28 | 500 | 454 |
1,2 | Commonwealth of the Bahamas | 6.000% | 11/21/28 | 850 | 772 |
Total Bahamas (Cost $1,408) | 1,226 | ||||
Bahrain (1.5%) | |||||
Sovereign Bonds (1.5%) | |||||
CBB International Sukuk Co. 5 SPC | 5.624% | 2/12/24 | 1,750 | 1,831 | |
CBB International Sukuk Co. 6 SPC | 5.250% | 3/20/25 | 1,400 | 1,465 | |
CBB International Sukuk Co. 7 SPC | 6.875% | 10/5/25 | 1,900 | 2,129 | |
1 | CBB International Sukuk Programme Co. | ||||
SPC | 6.250% | 11/14/24 | 1,750 | 1,894 | |
CBB International Sukuk Programme Co. | |||||
SPC | 4.500% | 3/30/27 | 200 | 201 | |
1 | CBB International Sukuk Programme Co. | ||||
SPC | 4.500% | 3/30/27 | 800 | 806 | |
1 | Kingdom of Bahrain | 6.125% | 7/5/22 | 2,600 | 2,714 |
Kingdom of Bahrain | 6.125% | 8/1/23 | 2,575 | 2,739 | |
1 | Kingdom of Bahrain | 6.125% | 8/1/23 | 150 | 160 |
Kingdom of Bahrain | 7.000% | 1/26/26 | 1,950 | 2,185 | |
Kingdom of Bahrain | 7.000% | 10/12/28 | 2,900 | 3,241 | |
Kingdom of Bahrain | 6.750% | 9/20/29 | 3,400 | 3,759 | |
1 | Kingdom of Bahrain | 6.750% | 9/20/29 | 250 | 276 |
1 | Kingdom of Bahrain | 7.375% | 5/14/30 | 1,750 | 2,001 |
1 | Kingdom of Bahrain | 5.625% | 9/30/31 | 1,900 | 1,919 |
Kingdom of Bahrain | 6.000% | 9/19/44 | 2,200 | 2,166 | |
Kingdom of Bahrain | 7.500% | 9/20/47 | 1,200 | 1,339 | |
Total Bahrain (Cost $29,861) | 30,825 | ||||
Belarus (0.3%) | |||||
Sovereign Bonds (0.3%) | |||||
Republic of Belarus | 6.875% | 2/28/23 | 1,475 | 1,490 | |
1 | Republic of Belarus | 5.875% | 2/24/26 | 900 | 872 |
Republic of Belarus | 7.625% | 6/29/27 | 1,000 | 1,041 | |
Republic of Belarus | 6.200% | 2/28/30 | 1,000 | 961 | |
1 | Republic of Belarus | 6.378% | 2/24/31 | 1,350 | 1,302 |
Total Belarus (Cost $5,802) | 5,666 | ||||
Belize (0.0%) | |||||
Sovereign Bonds (0.0%) | |||||
2 | Belize | 4.938% | 2/20/34 | 1,000 | 412 |
Total Belize (Cost $686) | 412 | ||||
Bermuda (0.2%) | |||||
Sovereign Bonds (0.2%) | |||||
Bermuda | 4.854% | 2/6/24 | 1,000 | 1,096 | |
2 | Bermuda | 3.717% | 1/25/27 | 1,350 | 1,462 |
1,2 | Bermuda | 4.750% | 2/15/29 | 800 | 934 |
2 | Bermuda | 4.750% | 2/15/29 | 200 | 234 |
Total Bermuda (Cost $3,447) | 3,726 | ||||
Bolivia (0.2%) | |||||
Sovereign Bonds (0.2%) | |||||
Plurinational State of Bolivia | 4.875% | 10/29/22 | 800 | 781 | |
Plurinational State of Bolivia | 5.950% | 8/22/23 | 800 | 792 |
2 | Plurinational State of Bolivia | 4.500% | 3/20/28 | 600 | 533 |
1,2 | Plurinational State of Bolivia | 4.500% | 3/20/28 | 1,200 | 1,068 |
Total Bolivia (Cost $3,439) | 3,174 | ||||
Brazil (6.1%) | |||||
Sovereign Bonds (6.1%) | |||||
Banco do Brasil SA | 3.875% | 10/10/22 | 3,126 | 3,204 | |
Cemig Geracao e Transmissao SA | 9.250% | 12/5/24 | 2,800 | 3,147 | |
Federative Republic of Brazil | 2.625% | 1/5/23 | 3,861 | 3,972 | |
Federative Republic of Brazil | 8.875% | 4/15/24 | 2,125 | 2,656 | |
Federative Republic of Brazil | 4.250% | 1/7/25 | 7,928 | 8,503 | |
Federative Republic of Brazil | 8.750% | 2/4/25 | 477 | 593 | |
Federative Republic of Brazil | 2.875% | 6/6/25 | 2,100 | 2,102 | |
Federative Republic of Brazil | 6.000% | 4/7/26 | 4,180 | 4,917 | |
Federative Republic of Brazil | 10.125% | 5/15/27 | 1,456 | 1,978 | |
2 | Federative Republic of Brazil | 4.625% | 1/13/28 | 5,552 | 6,057 |
2 | Federative Republic of Brazil | 4.500% | 5/30/29 | 3,300 | 3,547 |
Federative Republic of Brazil | 3.875% | 6/12/30 | 3,700 | 3,698 | |
Federative Republic of Brazil | 8.250% | 1/20/34 | 2,589 | 3,570 | |
Federative Republic of Brazil | 7.125% | 1/20/37 | 2,936 | 3,765 | |
Federative Republic of Brazil | 5.625% | 1/7/41 | 3,877 | 4,381 | |
Federative Republic of Brazil | 5.000% | 1/27/45 | 5,886 | 6,217 | |
Federative Republic of Brazil | 5.625% | 2/21/47 | 5,183 | 5,928 | |
2 | Federative Republic of Brazil | 4.750% | 1/14/50 | 4,335 | 4,470 |
Petrobras Global Finance BV | 6.250% | 3/17/24 | 2,860 | 3,132 | |
Petrobras Global Finance BV | 5.299% | 1/27/25 | 3,706 | 4,002 | |
Petrobras Global Finance BV | 8.750% | 5/23/26 | 3,598 | 4,493 | |
Petrobras Global Finance BV | 7.375% | 1/17/27 | 4,220 | 4,943 | |
Petrobras Global Finance BV | 5.999% | 1/27/28 | 4,813 | 5,282 | |
Petrobras Global Finance BV | 5.750% | 2/1/29 | 2,925 | 3,148 | |
1 | Petrobras Global Finance BV | 5.093% | 1/15/30 | 7,402 | 7,643 |
Petrobras Global Finance BV | 5.600% | 1/3/31 | 2,900 | 3,016 | |
Petrobras Global Finance BV | 7.250% | 3/17/44 | 2,955 | 3,402 | |
Petrobras Global Finance BV | 6.900% | 3/19/49 | 3,600 | 4,027 | |
Petrobras Global Finance BV | 6.750% | 6/3/50 | 3,000 | 3,210 | |
Petrobras Global Finance BV | 6.850% | 6/5/15 | 4,705 | 4,958 | |
Total Brazil (Cost $115,133) | 123,961 | ||||
Cameroon (0.1%) | |||||
Sovereign Bonds (0.1%) | |||||
2 | Republic of Cameroon | 9.500% | 11/19/25 | 1,350 | 1,412 |
Total Cameroon (Cost $1,400) | 1,412 | ||||
Chile (1.2%) | |||||
Sovereign Bonds (1.2%) | |||||
1 | Corp. Nacional del Cobre de Chile | 3.625% | 8/1/27 | 200 | 219 |
Corp. Nacional del Cobre de Chile | 3.625% | 8/1/27 | 2,300 | 2,536 | |
Corp. Nacional del Cobre de Chile | 3.700% | 1/30/50 | 3,400 | 3,772 | |
Republic of Chile | 3.125% | 1/21/26 | 1,290 | 1,436 | |
2 | Republic of Chile | 3.240% | 2/6/28 | 3,350 | 3,737 |
Republic of Chile | 2.450% | 1/31/31 | 3,300 | 3,475 | |
2 | Republic of Chile | 2.550% | 1/27/32 | 900 | 963 |
Republic of Chile | 3.860% | 6/21/47 | 2,450 | 3,117 | |
2 | Republic of Chile | 3.500% | 1/25/50 | 3,950 | 4,806 |
Total Chile (Cost $21,639) | 24,061 | ||||
China (4.2%) | |||||
Sovereign Bonds (4.2%) | |||||
Bank of China Ltd. | 5.000% | 11/13/24 | 5,850 | 6,577 | |
China Cinda Finance 2015 I Ltd. | 4.250% | 4/23/25 | 3,100 | 3,438 | |
2 | China Construction Bank Corp. | 4.250% | 2/27/29 | 3,036 | 3,277 |
CNAC HK Finbridge Co. Ltd. | 3.500% | 7/19/22 | 2,998 | 3,099 | |
CNAC HK Finbridge Co. Ltd. | 4.125% | 7/19/27 | 680 | 759 | |
CNAC HK Finbridge Co. Ltd. | 5.125% | 3/14/28 | 2,300 | 2,745 | |
CNOOC Curtis Funding No 1 Pty Ltd. | 4.500% | 10/3/23 | 3,314 | 3,654 | |
1 | CNOOC Finance 2012 Ltd. | 3.875% | 5/2/22 | 1,600 | 1,676 |
CNOOC Finance 2013 Ltd. | 3.000% | 5/9/23 | 3,324 | 3,496 | |
CNOOC Finance 2015 USA LLC | 3.500% | 5/5/25 | 2,626 | 2,889 | |
CNOOC Nexen Finance 2014 ULC | 4.250% | 4/30/24 | 2,760 | 3,059 | |
Export-Import Bank of China | 3.625% | 7/31/24 | 2,777 | 3,045 | |
2 | Huarong Finance 2017 Co. Ltd. | 4.500% | 12/31/49 | 1,050 | 1,066 |
Huarong Finance II Co. Ltd. | 3.625% | 11/22/21 | 400 | 407 | |
2 | Huarong Finance II Co. Ltd. | 2.875% | 12/31/49 | 1,200 | 1,188 |
Industrial & Commercial Bank of China Ltd. | 4.875% | 9/21/25 | 3,650 | 4,162 | |
People's Republic of China | 2.125% | 11/2/22 | 2,473 | 2,557 | |
People's Republic of China | 3.250% | 10/19/23 | 2,900 | 3,139 | |
People's Republic of China | 1.950% | 12/3/24 | 6,000 | 6,314 | |
People's Republic of China | 2.625% | 11/2/27 | 1,751 | 1,916 | |
People's Republic of China | 3.500% | 10/19/28 | 300 | 354 | |
People's Republic of China | 2.125% | 12/3/29 | 4,250 | 4,620 | |
People's Republic of China | 2.750% | 12/3/39 | 500 | 550 | |
People's Republic of China | 4.000% | 10/19/48 | 1,100 | 1,515 | |
1 | Sinopec Group Overseas Development | ||||
2012 Ltd. | 3.900% | 5/17/22 | 1,569 | 1,644 | |
Sinopec Group Overseas Development | |||||
2012 Ltd. | 3.900% | 5/17/22 | 1,000 | 1,051 | |
Sinopec Group Overseas Development | |||||
2013 Ltd. | 4.375% | 10/17/23 | 2,693 | 2,963 | |
Sinopec Group Overseas Development | |||||
2015 Ltd. | 3.250% | 4/28/25 | 2,800 | 3,053 | |
1 | Sinopec Group Overseas Development | ||||
2018 Ltd. | 2.700% | 5/13/30 | 2,800 | 2,991 | |
State Grid Overseas Investment 2014 Ltd. | 4.125% | 5/7/24 | 2,870 | 3,191 | |
1 | State Grid Overseas Investment 2016 Ltd. | 3.500% | 5/4/27 | 800 | 895 |
State Grid Overseas Investment 2016 Ltd. | 3.500% | 5/4/27 | 3,275 | 3,686 | |
Total China (Cost $79,622) | 84,976 | ||||
Colombia (3.6%) | |||||
Sovereign Bonds (3.6%) | |||||
Ecopetrol SA | 5.875% | 9/18/23 | 2,885 | 3,184 | |
Ecopetrol SA | 4.125% | 1/16/25 | 300 | 312 | |
Ecopetrol SA | 5.375% | 6/26/26 | 2,940 | 3,245 | |
Ecopetrol SA | 6.875% | 4/29/30 | 3,200 | 3,816 | |
Ecopetrol SA | 7.375% | 9/18/43 | 100 | 129 | |
Ecopetrol SA | 5.875% | 5/28/45 | 3,505 | 3,965 | |
2 | Republic of Colombia | 2.625% | 3/15/23 | 1,960 | 2,014 |
Republic of Colombia | 4.000% | 2/26/24 | 3,645 | 3,896 | |
Republic of Colombia | 8.125% | 5/21/24 | 1,880 | 2,294 | |
2 | Republic of Colombia | 4.500% | 1/28/26 | 2,767 | 3,084 |
2 | Republic of Colombia | 3.875% | 4/25/27 | 4,425 | 4,816 |
2 | Republic of Colombia | 4.500% | 3/15/29 | 3,700 | 4,185 |
2 | Republic of Colombia | 3.000% | 1/30/30 | 2,900 | 2,957 |
2 | Republic of Colombia | 3.125% | 4/15/31 | 2,000 | 2,047 |
Republic of Colombia | 7.375% | 9/18/37 | 2,957 | 4,292 | |
Republic of Colombia | 6.125% | 1/18/41 | 4,532 | 6,058 | |
2 | Republic of Colombia | 5.625% | 2/26/44 | 4,584 | 5,960 |
2 | Republic of Colombia | 5.000% | 6/15/45 | 8,150 | 10,013 |
Republic of Colombia | 5.200% | 5/15/49 | 2,870 | 3,683 | |
2 | Republic of Colombia | 4.125% | 5/15/51 | 2,700 | 2,951 |
Total Colombia (Cost $66,167) | 72,901 | ||||
Costa Rica (0.4%) | |||||
Sovereign Bonds (0.4%) | |||||
Republic of Costa Rica | 4.250% | 1/26/23 | 2,282 | 2,181 | |
Republic of Costa Rica | 4.375% | 4/30/25 | 700 | 645 | |
1,2 | Republic of Costa Rica | 6.125% | 2/19/31 | 1,750 | 1,595 |
Republic of Costa Rica | 5.625% | 4/30/43 | 800 | 650 | |
Republic of Costa Rica | 7.000% | 4/4/44 | 1,930 | 1,718 | |
Republic of Costa Rica | 7.158% | 3/12/45 | 2,351 | 2,103 | |
Total Costa Rica (Cost $9,578) | 8,892 | ||||
Cote d'Ivoire (0.3%) | |||||
Sovereign Bonds (0.3%) | |||||
2 | Republic of Cote d'Ivoire | 6.375% | 3/3/28 | 1,700 | 1,731 |
2 | Republic of Cote d'Ivoire | 5.750% | 12/31/32 | 2,178 | 2,103 |
2 | Republic of Cote d'Ivoire | 6.125% | 6/15/33 | 2,300 | 2,243 |
Total Cote d'Ivoire (Cost $6,007) | 6,077 | ||||
Croatia (0.3%) | |||||
Sovereign Bonds (0.3%) | |||||
Republic of Croatia | 5.500% | 4/4/23 | 2,600 | 2,889 | |
Republic of Croatia | 6.000% | 1/26/24 | 3,235 | 3,750 | |
Total Croatia (Cost $6,274) | 6,639 | ||||
Dominican Republic (1.5%) | |||||
Sovereign Bonds (1.5%) | |||||
Dominican Republic | 6.600% | 1/28/24 | 875 | 946 | |
2 | Dominican Republic | 5.875% | 4/18/24 | 1,850 | 1,940 |
Dominican Republic | 5.500% | 1/27/25 | 2,660 | 2,766 | |
Dominican Republic | 6.875% | 1/29/26 | 2,895 | 3,186 | |
Dominican Republic | 5.950% | 1/25/27 | 3,000 | 3,176 | |
1 | Dominican Republic | 6.000% | 7/19/28 | 800 | 850 |
Dominican Republic | 6.000% | 7/19/28 | 1,519 | 1,613 | |
1 | Dominican Republic | 4.500% | 1/30/30 | 1,600 | 1,544 |
Dominican Republic | 7.450% | 4/30/44 | 2,565 | 2,883 | |
2 | Dominican Republic | 6.850% | 1/27/45 | 3,744 | 3,951 |
1 | Dominican Republic | 6.500% | 2/15/48 | 525 | 533 |
Dominican Republic | 6.500% | 2/15/48 | 700 | 712 | |
1 | Dominican Republic | 6.400% | 6/5/49 | 2,145 | 2,169 |
Dominican Republic | 6.400% | 6/5/49 | 750 | 757 | |
1 | Dominican Republic | 5.875% | 1/30/60 | 2,650 | 2,528 |
Dominican Republic | 5.875% | 1/30/60 | 500 | 477 | |
Total Dominican Republic (Cost $30,046) | 30,031 | ||||
Ecuador (0.8%) | |||||
Sovereign Bonds (0.8%) | |||||
5 | Republic of Ecuador | 10.750% | 3/28/22 | 4,400 | 2,401 |
5 | Republic of Ecuador | 8.750% | 6/2/23 | 2,100 | 1,110 |
5 | Republic of Ecuador | 7.950% | 6/20/24 | 3,200 | 1,739 |
1, 5 | Republic of Ecuador | 7.875% | 3/27/25 | 500 | 255 |
5 | Republic of Ecuador | 7.875% | 3/27/25 | 200 | 102 |
5 | Republic of Ecuador | 9.650% | 12/13/26 | 3,850 | 1,954 |
5 | Republic of Ecuador | 9.625% | 6/2/27 | 1,900 | 965 |
5 | Republic of Ecuador | 8.875% | 10/23/27 | 4,600 | 2,340 |
1, 5 | Republic of Ecuador | 7.875% | 1/23/28 | 4,000 | 1,993 |
5 | Republic of Ecuador | 7.875% | 1/23/28 | 1,300 | 648 |
1, 5 | Republic of Ecuador | 10.750% | 1/31/29 | 3,600 | 1,823 |
1, 5 | Republic of Ecuador | 9.500% | 3/27/30 | 2,000 | 1,035 |
5 | Republic of Ecuador | 9.500% | 3/27/30 | 400 | 207 |
Total Ecuador (Cost $31,411) | 16,572 | ||||
Egypt (2.1%) | |||||
Sovereign Bonds (2.1%) | |||||
Arab Republic of Egypt | 6.125% | 1/31/22 | 4,453 | 4,563 | |
Arab Republic of Egypt | 5.577% | 2/21/23 | 1,950 | 2,002 | |
1 | Arab Republic of Egypt | 4.550% | 11/20/23 | 800 | 795 |
Arab Republic of Egypt | 6.200% | 3/1/24 | 1,000 | 1,028 | |
1 | Arab Republic of Egypt | 5.750% | 5/29/24 | 2,800 | 2,821 |
Arab Republic of Egypt | 5.875% | 6/11/25 | 2,475 | 2,498 | |
Arab Republic of Egypt | 7.500% | 1/31/27 | 3,850 | 4,015 | |
Arab Republic of Egypt | 6.588% | 2/21/28 | 2,225 | 2,190 | |
Arab Republic of Egypt | 7.600% | 3/1/29 | 3,850 | 3,921 | |
1 | Arab Republic of Egypt | 7.053% | 1/15/32 | 1,350 | 1,279 |
Arab Republic of Egypt | 7.053% | 1/15/32 | 3,000 | 2,839 | |
Arab Republic of Egypt | 6.875% | 4/30/40 | 800 | 730 | |
Arab Republic of Egypt | 8.500% | 1/31/47 | 4,380 | 4,317 | |
Arab Republic of Egypt | 7.903% | 2/21/48 | 2,500 | 2,296 | |
Arab Republic of Egypt | 8.700% | 3/1/49 | 3,150 | 3,110 | |
1 | Arab Republic of Egypt | 8.875% | 5/29/50 | 3,500 | 3,496 |
Arab Republic of Egypt | 8.875% | 5/29/50 | 200 | 200 | |
1 | Arab Republic of Egypt | 8.150% | 11/20/59 | 800 | 744 |
Total Egypt (Cost $43,684) | 42,844 | ||||
El Salvador (0.6%) | |||||
Sovereign Bonds (0.6%) | |||||
Republic of El Salvador | 7.750% | 1/24/23 | 1,649 | 1,619 | |
Republic of El Salvador | 5.875% | 1/30/25 | 1,218 | 1,098 | |
1 | Republic of El Salvador | 6.375% | 1/18/27 | 150 | 134 |
Republic of El Salvador | 6.375% | 1/18/27 | 1,162 | 1,031 | |
Republic of El Salvador | 8.625% | 2/28/29 | 1,000 | 988 | |
Republic of El Salvador | 8.250% | 4/10/32 | 1,032 | 976 | |
Republic of El Salvador | 7.650% | 6/15/35 | 1,840 | 1,639 | |
Republic of El Salvador | 7.625% | 2/1/41 | 1,218 | 1,068 | |
2 | Republic of El Salvador | 7.125% | 1/20/50 | 200 | 165 |
1,2 | Republic of El Salvador | 7.125% | 1/20/50 | 1,600 | 1,326 |
1,2 | Republic of El Salvador | 9.500% | 7/15/52 | 1,750 | 1,776 |
Total El Salvador (Cost $13,086) | 11,820 | ||||
Ethiopia (0.1%) | |||||
Sovereign Bonds (0.1%) | |||||
Federal Democratic Republic of Ethiopia | 6.625% | 12/11/24 | 1,750 | 1,723 | |
Total Ethiopia (Cost $1,760) | 1,723 | ||||
Gabon (0.2%) | |||||
Sovereign Bonds (0.2%) | |||||
2 | Gabonese Republic | 6.375% | 12/12/24 | 1,586 | 1,552 |
Gabonese Republic | 6.950% | 6/16/25 | 1,050 | 1,027 | |
1,2 | Gabonese Republic | 6.625% | 2/6/31 | 1,700 | 1,611 |
Total Gabon (Cost $4,315) | 4,190 | ||||
Ghana (0.8%) | |||||
Sovereign Bonds (0.8%) | |||||
2 | Republic of Ghana | 8.125% | 1/18/26 | 1,570 | 1,576 |
1,2 | Republic of Ghana | 6.375% | 2/11/27 | 2,500 | 2,309 |
2 | Republic of Ghana | 7.875% | 3/26/27 | 730 | 709 |
2 | Republic of Ghana | 7.625% | 5/16/29 | 2,300 | 2,129 |
2 | Republic of Ghana | 10.750% | 10/14/30 | 1,400 | 1,675 |
2 | Republic of Ghana | 8.125% | 3/26/32 | 2,700 | 2,518 |
1,2 | Republic of Ghana | 7.875% | 2/11/35 | 2,100 | 1,858 |
1,2 | Republic of Ghana | 8.627% | 6/16/49 | 1,000 | 884 |
2 | Republic of Ghana | 8.627% | 6/16/49 | 800 | 707 |
2 | Republic of Ghana | 8.950% | 3/26/51 | 1,700 | 1,535 |
1,2 | Republic of Ghana | 8.750% | 3/11/61 | 1,100 | 968 |
Total Ghana (Cost $18,127) | 16,868 | ||||
Guatemala (0.5%) | |||||
Sovereign Bonds (0.5%) | |||||
Republic of Guatemala | 5.750% | 6/6/22 | 1,453 | 1,534 | |
Republic of Guatemala | 4.500% | 5/3/26 | 1,500 | 1,603 | |
Republic of Guatemala | 4.375% | 6/5/27 | 1,200 | 1,280 | |
Republic of Guatemala | 4.875% | 2/13/28 | 600 | 663 | |
1,2 | Republic of Guatemala | 4.900% | 6/1/30 | 400 | 442 |
2 | Republic of Guatemala | 5.375% | 4/24/32 | 200 | 227 |
1,2 | Republic of Guatemala | 5.375% | 4/24/32 | 800 | 901 |
2 | Republic of Guatemala | 6.125% | 6/1/50 | 2,700 | 3,260 |
Total Guatemala (Cost $9,025) | 9,910 | ||||
Honduras (0.2%) | |||||
Sovereign Bonds (0.2%) | |||||
2 | Republic of Honduras | 7.500% | 3/15/24 | 800 | 872 |
Republic of Honduras | 6.250% | 1/19/27 | 1,270 | 1,371 | |
1 | Republic of Honduras | 5.625% | 6/24/30 | 1,150 | 1,210 |
Total Honduras (Cost $3,342) | 3,453 | ||||
Hungary (0.7%) | |||||
Sovereign Bonds (0.7%) | |||||
Republic of Hungary | 6.375% | 3/29/21 | 5 | 5 | |
Republic of Hungary | 5.375% | 2/21/23 | 2,990 | 3,307 | |
Republic of Hungary | 5.750% | 11/22/23 | 3,254 | 3,738 | |
Republic of Hungary | 5.375% | 3/25/24 | 3,543 | 4,071 | |
Republic of Hungary | 7.625% | 3/29/41 | 2,220 | 3,886 | |
Total Hungary (Cost $13,865) | 15,007 | ||||
Indonesia (7.2%) | |||||
Sovereign Bonds (7.2%) | |||||
Pertamina Persero PT | 4.875% | 5/3/22 | 750 | 798 | |
Pertamina Persero PT | 4.300% | 5/20/23 | 1,500 | 1,605 | |
1 | Pertamina Persero PT | 4.300% | 5/20/23 | 430 | 460 |
1 | Pertamina Persero PT | 5.625% | 5/20/43 | 200 | 250 |
Pertamina Persero PT | 6.450% | 5/30/44 | 2,100 | 2,914 | |
Pertamina Persero PT | 6.500% | 11/7/48 | 400 | 565 | |
Perusahaan Listrik Negara PT | 4.125% | 5/15/27 | 1,417 | 1,541 | |
1 | Perusahaan Listrik Negara PT | 4.125% | 5/15/27 | 1,250 | 1,359 |
Perusahaan Penerbit SBSN Indonesia III | 3.400% | 3/29/22 | 2,100 | 2,174 |
Perusahaan Penerbit SBSN Indonesia III | 3.300% | 11/21/22 | 378 | 393 | |
1 | Perusahaan Penerbit SBSN Indonesia III | 3.750% | 3/1/23 | 800 | 845 |
4 | Perusahaan Penerbit SBSN Indonesia III | 3.750% | 3/1/23 | 2,200 | 2,324 |
4 | Perusahaan Penerbit SBSN Indonesia III | 3.900% | 8/20/24 | 850 | 923 |
1 | Perusahaan Penerbit SBSN Indonesia III | 4.350% | 9/10/24 | 400 | 443 |
Perusahaan Penerbit SBSN Indonesia III | 4.350% | 9/10/24 | 2,900 | 3,208 | |
Perusahaan Penerbit SBSN Indonesia III | 4.325% | 5/28/25 | 3,169 | 3,549 | |
Perusahaan Penerbit SBSN Indonesia III | 4.550% | 3/29/26 | 3,585 | 4,082 | |
Perusahaan Penerbit SBSN Indonesia III | 4.150% | 3/29/27 | 4,250 | 4,749 | |
1 | Perusahaan Penerbit SBSN Indonesia III | 4.400% | 3/1/28 | 900 | 1,031 |
4 | Perusahaan Penerbit SBSN Indonesia III | 4.400% | 3/1/28 | 2,182 | 2,498 |
1,4 | Perusahaan Penerbit SBSN Indonesia III | 4.450% | 2/20/29 | 1,000 | 1,156 |
4 | Perusahaan Penerbit SBSN Indonesia III | 4.450% | 2/20/29 | 600 | 694 |
Republic of Indonesia | 3.700% | 1/8/22 | 1,700 | 1,763 | |
Republic of Indonesia | 3.750% | 4/25/22 | 3,750 | 3,908 | |
Republic of Indonesia | 3.375% | 4/15/23 | 4,400 | 4,626 | |
Republic of Indonesia | 5.375% | 10/17/23 | 1,859 | 2,090 | |
Republic of Indonesia | 5.875% | 1/15/24 | 3,750 | 4,310 | |
Republic of Indonesia | 4.450% | 2/11/24 | 1,200 | 1,324 | |
Republic of Indonesia | 4.125% | 1/15/25 | 4,180 | 4,652 | |
Republic of Indonesia | 4.750% | 1/8/26 | 4,450 | 5,141 | |
Republic of Indonesia | 4.350% | 1/8/27 | 2,600 | 2,978 | |
Republic of Indonesia | 3.850% | 7/18/27 | 2,250 | 2,518 | |
Republic of Indonesia | 3.500% | 1/11/28 | 1,936 | 2,132 | |
Republic of Indonesia | 4.100% | 4/24/28 | 1,958 | 2,237 | |
Republic of Indonesia | 4.750% | 2/11/29 | 2,200 | 2,643 | |
Republic of Indonesia | 3.400% | 9/18/29 | 1,600 | 1,762 | |
Republic of Indonesia | 2.850% | 2/14/30 | 2,950 | 3,116 | |
Republic of Indonesia | 3.850% | 10/15/30 | 3,500 | 4,029 | |
Republic of Indonesia | 8.500% | 10/12/35 | 2,790 | 4,559 | |
Republic of Indonesia | 6.625% | 2/17/37 | 2,887 | 4,142 | |
Republic of Indonesia | 7.750% | 1/17/38 | 3,488 | 5,522 | |
Republic of Indonesia | 5.250% | 1/17/42 | 3,950 | 5,174 | |
Republic of Indonesia | 4.625% | 4/15/43 | 2,625 | 3,223 | |
Republic of Indonesia | 6.750% | 1/15/44 | 3,230 | 4,987 | |
Republic of Indonesia | 5.125% | 1/15/45 | 3,519 | 4,614 | |
Republic of Indonesia | 5.950% | 1/8/46 | 1,160 | 1,676 | |
Republic of Indonesia | 5.250% | 1/8/47 | 3,200 | 4,297 | |
Republic of Indonesia | 4.750% | 7/18/47 | 1,850 | 2,341 | |
Republic of Indonesia | 4.350% | 1/11/48 | 3,050 | 3,672 | |
Republic of Indonesia | 5.350% | 2/11/49 | 1,900 | 2,598 | |
Republic of Indonesia | 3.700% | 10/30/49 | 1,850 | 2,042 | |
Republic of Indonesia | 3.500% | 2/14/50 | 1,400 | 1,507 | |
Republic of Indonesia | 4.200% | 10/15/50 | 2,800 | 3,346 | |
Republic of Indonesia | 4.450% | 4/15/70 | 3,600 | 4,486 | |
Total Indonesia (Cost $129,797) | 144,976 | ||||
Iraq (0.3%) | |||||
Sovereign Bonds (0.3%) | |||||
1 | Republic of Iraq | 6.752% | 3/9/23 | 200 | 190 |
Republic of Iraq | 6.752% | 3/9/23 | 1,550 | 1,474 | |
2 | Republic of Iraq | 5.800% | 1/15/28 | 4,402 | 4,061 |
Total Iraq (Cost $5,947) | 5,725 | ||||
Jamaica (0.5%) | |||||
Sovereign Bonds (0.5%) | |||||
Jamaica | 6.750% | 4/28/28 | 2,750 | 3,186 |
2 | Jamaica | 8.000% | 3/15/39 | 2,048 | 2,678 |
Jamaica | 7.875% | 7/28/45 | 3,250 | 4,221 | |
Total Jamaica (Cost $9,518) | 10,085 | ||||
Jordan (0.4%) | |||||
Sovereign Bonds (0.4%) | |||||
1 | Hashemite Kingdom of Jordan | 4.950% | 7/7/25 | 900 | 899 |
Hashemite Kingdom of Jordan | 6.125% | 1/29/26 | 1,800 | 1,871 | |
Hashemite Kingdom of Jordan | 5.750% | 1/31/27 | 1,814 | 1,841 | |
1 | Hashemite Kingdom of Jordan | 5.850% | 7/7/30 | 2,200 | 2,200 |
Hashemite Kingdom of Jordan | 7.375% | 10/10/47 | 1,850 | 1,931 | |
Total Jordan (Cost $8,568) | 8,742 | ||||
Kazakhstan (0.9%) | |||||
Sovereign Bonds (0.9%) | |||||
KazMunayGas National Co. JSC | 5.750% | 4/19/47 | 1,200 | 1,495 | |
1 | KazMunayGas National Co. JSC | 6.375% | 10/24/48 | 900 | 1,201 |
KazMunayGas National Co. JSC | 6.375% | 10/24/48 | 800 | 1,072 | |
Republic of Kazakhstan | 3.875% | 10/14/24 | 2,670 | 2,924 | |
Republic of Kazakhstan | 5.125% | 7/21/25 | 4,550 | 5,313 | |
Republic of Kazakhstan | 4.875% | 10/14/44 | 1,700 | 2,256 | |
Republic of Kazakhstan | 6.500% | 7/21/45 | 2,630 | 4,103 | |
Total Kazakhstan (Cost $16,030) | 18,364 | ||||
Kenya (0.5%) | |||||
Sovereign Bonds (0.5%) | |||||
Republic of Kenya | 6.875% | 6/24/24 | 3,775 | 3,821 | |
2 | Republic of Kenya | 7.000% | 5/22/27 | 1,425 | 1,400 |
Republic of Kenya | 7.250% | 2/28/28 | 1,800 | 1,776 | |
2 | Republic of Kenya | 8.000% | 5/22/32 | 2,000 | 1,971 |
Republic of Kenya | 8.250% | 2/28/48 | 1,825 | 1,780 | |
Total Kenya (Cost $10,893) | 10,748 | ||||
Kuwait (0.8%) | |||||
Sovereign Bonds (0.8%) | |||||
State of Kuwait | 2.750% | 3/20/22 | 5,775 | 5,963 | |
State of Kuwait | 3.500% | 3/20/27 | 8,200 | 9,285 | |
Total Kuwait (Cost $14,257) | 15,248 | ||||
Lebanon (0.2%) | |||||
Sovereign Bonds (0.2%) | |||||
5 | Republic of Lebanon | 6.100% | 10/4/22 | 3,339 | 598 |
5 | Republic of Lebanon | 6.000% | 1/27/23 | 1,810 | 296 |
5 | Republic of Lebanon | 6.650% | 4/22/24 | 1,791 | 295 |
5 | Republic of Lebanon | 6.200% | 2/26/25 | 1,760 | 282 |
5 | Republic of Lebanon | 6.250% | 6/12/25 | 400 | 63 |
5 | Republic of Lebanon | 6.600% | 11/27/26 | 3,505 | 564 |
5 | Republic of Lebanon | 6.850% | 3/23/27 | 2,750 | 447 |
5 | Republic of Lebanon | 6.750% | 11/29/27 | 2,411 | 389 |
5 | Republic of Lebanon | 6.650% | 11/3/28 | 2,040 | 328 |
5 | Republic of Lebanon | 6.850% | 5/25/29 | 600 | 95 |
5 | Republic of Lebanon | 6.650% | 2/26/30 | 3,225 | 521 |
5 | Republic of Lebanon | 7.000% | 3/23/32 | 2,450 | 396 |
5 | Republic of Lebanon | 7.050% | 11/2/35 | 500 | 83 |
5 | Republic of Lebanon | 7.250% | 3/23/37 | 1,905 | 327 |
Total Lebanon (Cost $24,105) | 4,684 | ||||
Malaysia (1.4%) | |||||
Sovereign Bonds (1.4%) | |||||
1MDB Global Investments Ltd. | 4.400% | 3/9/23 | 4,700 | 4,653 | |
Malaysia Sovereign Sukuk Bhd. | 3.043% | 4/22/25 | 2,100 | 2,265 | |
Malaysia Sovereign Sukuk Bhd. | 4.236% | 4/22/45 | 775 | 1,024 | |
Malaysia Sukuk Global Bhd. | 3.179% | 4/27/26 | 2,000 | 2,200 | |
Malaysia Sukuk Global Bhd. | 4.080% | 4/27/46 | 700 | 907 | |
Petronas Capital Ltd. | 3.500% | 3/18/25 | 2,600 | 2,850 | |
1 | Petronas Capital Ltd. | 3.500% | 4/21/30 | 3,300 | 3,768 |
Petronas Capital Ltd. | 3.500% | 4/21/30 | 800 | 916 | |
Petronas Capital Ltd. | 4.500% | 3/18/45 | 2,800 | 3,743 | |
1 | Petronas Capital Ltd. | 4.550% | 4/21/50 | 4,800 | 6,635 |
Total Malaysia (Cost $25,726) | 28,961 | ||||
Mexico (9.4%) | |||||
Sovereign Bonds (9.4%) | |||||
1 | Mexico City Airport Trust | 5.500% | 7/31/47 | 190 | 160 |
Mexico City Airport Trust | 5.500% | 7/31/47 | 3,554 | 2,985 | |
Petroleos Mexicanos | 6.875% | 8/4/26 | 5,557 | 5,511 | |
1 | Petroleos Mexicanos | 6.490% | 1/23/27 | 3,816 | 3,645 |
Petroleos Mexicanos | 6.500% | 3/13/27 | 9,837 | 9,372 | |
Petroleos Mexicanos | 5.350% | 2/12/28 | 4,350 | 3,814 | |
Petroleos Mexicanos | 6.500% | 1/23/29 | 3,575 | 3,307 | |
1 | Petroleos Mexicanos | 6.840% | 1/23/30 | 7,834 | 7,305 |
1 | Petroleos Mexicanos | 5.950% | 1/28/31 | 7,000 | 5,972 |
Petroleos Mexicanos | 6.625% | 6/15/35 | 4,694 | 3,991 | |
Petroleos Mexicanos | 6.500% | 6/2/41 | 2,860 | 2,315 | |
Petroleos Mexicanos | 6.375% | 1/23/45 | 2,910 | 2,312 | |
Petroleos Mexicanos | 6.750% | 9/21/47 | 10,479 | 8,512 | |
Petroleos Mexicanos | 6.350% | 2/12/48 | 5,180 | 4,088 | |
1 | Petroleos Mexicanos | 7.690% | 1/23/50 | 14,415 | 12,629 |
1 | Petroleos Mexicanos | 6.950% | 1/28/60 | 6,912 | 5,725 |
United Mexican States | 3.625% | 3/15/22 | 3,073 | 3,214 | |
United Mexican States | 8.000% | 9/24/22 | 1,200 | 1,358 | |
United Mexican States | 4.000% | 10/2/23 | 5,226 | 5,618 | |
United Mexican States | 3.600% | 1/30/25 | 3,499 | 3,752 | |
2 | United Mexican States | 3.900% | 4/27/25 | 1,700 | 1,841 |
United Mexican States | 4.125% | 1/21/26 | 3,862 | 4,255 | |
United Mexican States | 4.150% | 3/28/27 | 5,060 | 5,564 | |
United Mexican States | 3.750% | 1/11/28 | 4,105 | 4,394 | |
United Mexican States | 4.500% | 4/22/29 | 6,361 | 7,122 | |
2 | United Mexican States | 3.250% | 4/16/30 | 5,525 | 5,657 |
United Mexican States | 8.300% | 8/15/31 | 1,500 | 2,199 | |
2 | United Mexican States | 4.750% | 4/27/32 | 4,775 | 5,419 |
United Mexican States | 7.500% | 4/8/33 | 1,010 | 1,433 | |
United Mexican States | 6.750% | 9/27/34 | 2,976 | 4,096 | |
United Mexican States | 6.050% | 1/11/40 | 5,569 | 7,219 | |
United Mexican States | 4.750% | 3/8/44 | 7,120 | 8,106 | |
United Mexican States | 5.550% | 1/21/45 | 5,104 | 6,422 | |
United Mexican States | 4.600% | 1/23/46 | 5,381 | 5,987 | |
United Mexican States | 4.350% | 1/15/47 | 3,326 | 3,602 | |
United Mexican States | 4.600% | 2/10/48 | 4,373 | 4,871 | |
2 | United Mexican States | 4.500% | 1/31/50 | 5,400 | 6,010 |
2 | United Mexican States | 5.000% | 4/27/51 | 4,475 | 5,182 |
United Mexican States | 5.750% | 10/12/10 | 4,762 | 5,720 |
Total Mexico (Cost $193,048) | 190,684 | ||||
Mongolia (0.2%) | |||||
Sovereign Bonds (0.2%) | |||||
Mongolia | 5.125% | 12/5/22 | 2,850 | 2,861 | |
1 | Mongolia | 5.625% | 5/1/23 | 200 | 203 |
Mongolia | 8.750% | 3/9/24 | 1,200 | 1,322 | |
Total Mongolia (Cost $4,311) | 4,386 | ||||
Morocco (0.2%) | |||||
Sovereign Bonds (0.2%) | |||||
Kingdom of Morocco | 4.250% | 12/11/22 | 2,600 | 2,728 | |
Kingdom of Morocco | 5.500% | 12/11/42 | 1,340 | 1,695 | |
Total Morocco (Cost $4,094) | 4,423 | ||||
Mozambique (0.1%) | |||||
Sovereign Bonds (0.1%) | |||||
2 | Republic of Mozambique | 5.000% | 9/15/31 | 1,500 | 1,273 |
Total Mozambique (Cost $1,423) | 1,273 | ||||
Namibia (0.1%) | |||||
Sovereign Bonds (0.1%) | |||||
Republic of Namibia | 5.500% | 11/3/21 | 900 | 899 | |
Republic of Namibia | 5.250% | 10/29/25 | 1,150 | 1,150 | |
Total Namibia (Cost $2,061) | 2,049 | ||||
Nigeria (0.9%) | |||||
Sovereign Bonds (0.9%) | |||||
Federal Republic of Nigeria | 6.375% | 7/12/23 | 800 | 821 | |
1 | Federal Republic of Nigeria | 7.625% | 11/21/25 | 400 | 412 |
Federal Republic of Nigeria | 7.625% | 11/21/25 | 1,550 | 1,594 | |
Federal Republic of Nigeria | 6.500% | 11/28/27 | 2,600 | 2,467 | |
1 | Federal Republic of Nigeria | 8.747% | 1/21/31 | 1,100 | 1,129 |
Federal Republic of Nigeria | 7.875% | 2/16/32 | 2,850 | 2,744 | |
1 | Federal Republic of Nigeria | 7.875% | 2/16/32 | 700 | 674 |
Federal Republic of Nigeria | 7.696% | 2/23/38 | 600 | 557 | |
1 | Federal Republic of Nigeria | 7.696% | 2/23/38 | 1,700 | 1,581 |
Federal Republic of Nigeria | 7.625% | 11/28/47 | 2,300 | 2,099 | |
Federal Republic of Nigeria | 9.248% | 1/21/49 | 1,500 | 1,543 | |
Federal Republic of Nigeria | 7.143% | 2/23/30 | 2,200 | 2,103 | |
Total Nigeria (Cost $18,452) | 17,724 | ||||
Oman (1.7%) | |||||
Sovereign Bonds (1.7%) | |||||
Oman Sovereign Sukuk SAOC | 4.397% | 6/1/24 | 3,900 | 3,853 | |
1 | Oman Sovereign Sukuk SAOC | 5.932% | 10/31/25 | 700 | 730 |
Oman Sovereign Sukuk SAOC | 5.932% | 10/31/25 | 1,900 | 1,979 | |
Sultanate of Oman | 3.875% | 3/8/22 | 1,750 | 1,730 | |
1 | Sultanate of Oman | 4.125% | 1/17/23 | 950 | 931 |
Sultanate of Oman | 4.125% | 1/17/23 | 1,400 | 1,373 | |
1 | Sultanate of Oman | 4.875% | 2/1/25 | 450 | 433 |
Sultanate of Oman | 4.750% | 6/15/26 | 4,775 | 4,449 | |
Sultanate of Oman | 5.375% | 3/8/27 | 4,025 | 3,808 | |
Sultanate of Oman | 5.625% | 1/17/28 | 4,350 | 4,117 | |
1 | Sultanate of Oman | 5.625% | 1/17/28 | 800 | 758 |
1 | Sultanate of Oman | 6.000% | 8/1/29 | 3,800 | 3,605 |
Sultanate of Oman | 6.500% | 3/8/47 | 3,315 | 2,930 | |
Sultanate of Oman | 6.750% | 1/17/48 | 3,200 | 2,833 |
1 | Sultanate of Oman | 6.750% | 1/17/48 | 1,450 | 1,287 |
Total Oman (Cost $36,099) | 34,816 | ||||
Pakistan (0.4%) | |||||
Sovereign Bonds (0.4%) | |||||
Islamic Republic of Pakistan | 8.250% | 4/15/24 | 2,150 | 2,257 | |
Islamic Republic of Pakistan | 8.250% | 9/30/25 | 900 | 947 | |
Islamic Republic of Pakistan | 6.875% | 12/5/27 | 1,850 | 1,821 | |
1 | Islamic Republic of Pakistan | 6.875% | 12/5/27 | 750 | 737 |
Third Pakistan International Sukuk Co. Ltd. | 5.500% | 10/13/21 | 1,700 | 1,695 | |
Third Pakistan International Sukuk Co. Ltd. | 5.625% | 12/5/22 | 1,600 | 1,582 | |
Total Pakistan (Cost $9,145) | 9,039 | ||||
Panama (2.1%) | |||||
Sovereign Bonds (2.1%) | |||||
2 | Republic of Panama | 4.000% | 9/22/24 | 2,300 | 2,539 |
2 | Republic of Panama | 3.750% | 3/16/25 | 2,209 | 2,424 |
Republic of Panama | 7.125% | 1/29/26 | 1,825 | 2,327 | |
Republic of Panama | 8.875% | 9/30/27 | 1,885 | 2,705 | |
2 | Republic of Panama | 3.875% | 3/17/28 | 2,433 | 2,813 |
Republic of Panama | 9.375% | 4/1/29 | 1,550 | 2,414 | |
2 | Republic of Panama | 3.160% | 1/23/30 | 2,500 | 2,784 |
2 | Republic of Panama | 6.700% | 1/26/36 | 3,545 | 5,353 |
2 | Republic of Panama | 4.500% | 5/15/47 | 2,200 | 2,882 |
2 | Republic of Panama | 4.500% | 4/16/50 | 3,200 | 4,184 |
2 | Republic of Panama | 4.300% | 4/29/53 | 2,650 | 3,422 |
2 | Republic of Panama | 4.500% | 4/1/56 | 4,700 | 6,345 |
2 | Republic of Panama | 3.870% | 7/23/60 | 1,500 | 1,849 |
Total Panama (Cost $36,322) | 42,041 | ||||
Papua New Guinea (0.0%) | |||||
Sovereign Bonds (0.0%) | |||||
1 | Papua New Guinea | 8.375% | 10/4/28 | 300 | 295 |
Papua New Guinea | 8.375% | 10/4/28 | 500 | 488 | |
Total Papua New Guinea (Cost $828) | 783 | ||||
Paraguay (0.6%) | |||||
Sovereign Bonds (0.6%) | |||||
Republic of Paraguay | 4.625% | 1/25/23 | 1,472 | 1,573 | |
Republic of Paraguay | 5.000% | 4/15/26 | 985 | 1,132 | |
Republic of Paraguay | 4.700% | 3/27/27 | 900 | 1,022 | |
1,2 | Republic of Paraguay | 4.950% | 4/28/31 | 1,600 | 1,816 |
2 | Republic of Paraguay | 4.950% | 4/28/31 | 400 | 469 |
Republic of Paraguay | 6.100% | 8/11/44 | 1,700 | 2,240 | |
Republic of Paraguay | 5.600% | 3/13/48 | 1,250 | 1,578 | |
1,2 | Republic of Paraguay | 5.400% | 3/30/50 | 1,300 | 1,617 |
2 | Republic of Paraguay | 5.400% | 3/30/50 | 200 | 250 |
Total Paraguay (Cost $10,445) | 11,697 | ||||
Peru (1.5%) | |||||
Sovereign Bonds (1.5%) | |||||
Republic of Peru | 7.350% | 7/21/25 | 2,759 | 3,576 | |
2 | Republic of Peru | 2.392% | 1/23/26 | 1,925 | 2,015 |
Republic of Peru | 4.125% | 8/25/27 | 2,047 | 2,419 | |
Republic of Peru | 2.844% | 6/20/30 | 1,450 | 1,626 | |
2 | Republic of Peru | 2.783% | 1/23/31 | 2,890 | 3,106 |
Republic of Peru | 8.750% | 11/21/33 | 3,586 | 6,246 | |
2 | Republic of Peru | 6.550% | 3/14/37 | 2,246 | 3,581 |
Republic of Peru | 5.625% | 11/18/50 | 4,667 | 7,946 | |
Total Peru (Cost $26,148) | 30,515 | ||||
Philippines (2.8%) | |||||
Sovereign Bonds (2.8%) | |||||
Republic of the Philippines | 4.200% | 1/21/24 | 2,714 | 2,999 | |
2 | Republic of the Philippines | 7.500% | 9/25/24 | 1,150 | 1,378 |
Republic of the Philippines | 10.625% | 3/16/25 | 2,459 | 3,519 | |
Republic of the Philippines | 5.500% | 3/30/26 | 1,650 | 2,042 | |
Republic of the Philippines | 3.000% | 2/1/28 | 3,900 | 4,366 | |
Republic of the Philippines | 3.750% | 1/14/29 | 3,000 | 3,557 | |
Republic of the Philippines | 9.500% | 2/2/30 | 3,673 | 6,166 | |
Republic of the Philippines | 2.457% | 5/5/30 | 700 | 766 | |
Republic of the Philippines | 7.750% | 1/14/31 | 3,154 | 4,916 | |
Republic of the Philippines | 6.375% | 1/15/32 | 2,050 | 2,965 | |
Republic of the Philippines | 6.375% | 10/23/34 | 3,035 | 4,594 | |
Republic of the Philippines | 5.000% | 1/13/37 | 2,480 | 3,373 | |
Republic of the Philippines | 3.950% | 1/20/40 | 3,550 | 4,395 | |
Republic of the Philippines | 3.700% | 3/1/41 | 3,750 | 4,528 | |
Republic of the Philippines | 3.700% | 2/2/42 | 3,720 | 4,549 | |
Republic of the Philippines | 2.950% | 5/5/45 | 2,400 | 2,688 | |
Total Philippines (Cost $50,671) | 56,801 | ||||
Poland (0.8%) | |||||
Sovereign Bonds (0.8%) | |||||
Republic of Poland | 5.000% | 3/23/22 | 4,669 | 5,020 | |
6 | Republic of Poland | 3.000% | 3/17/23 | 3,953 | 4,200 |
Republic of Poland | 4.000% | 1/22/24 | 3,383 | 3,772 | |
Republic of Poland | 3.250% | 4/6/26 | 3,360 | 3,798 | |
Total Poland (Cost $15,816) | 16,790 | ||||
Qatar (5.3%) | |||||
Sovereign Bonds (5.3%) | |||||
SoQ Sukuk A QSC | 3.241% | 1/18/23 | 3,435 | 3,623 | |
1 | State of Qatar | 4.500% | 1/20/22 | 3,200 | 3,368 |
1 | State of Qatar | 3.875% | 4/23/23 | 100 | 108 |
State of Qatar | 3.875% | 4/23/23 | 5,375 | 5,798 | |
State of Qatar | 3.375% | 3/14/24 | 3,500 | 3,794 | |
1 | State of Qatar | 3.400% | 4/16/25 | 2,900 | 3,202 |
State of Qatar | 3.400% | 4/16/25 | 1,200 | 1,325 | |
State of Qatar | 3.250% | 6/2/26 | 6,750 | 7,494 | |
1 | State of Qatar | 4.500% | 4/23/28 | 5,100 | 6,170 |
State of Qatar | 4.500% | 4/23/28 | 200 | 242 | |
State of Qatar | 4.000% | 3/14/29 | 7,100 | 8,409 | |
1 | State of Qatar | 3.750% | 4/16/30 | 2,100 | 2,471 |
State of Qatar | 3.750% | 4/16/30 | 3,150 | 3,707 | |
State of Qatar | 9.750% | 6/15/30 | 925 | 1,590 | |
1 | State of Qatar | 9.750% | 6/15/30 | 1,250 | 2,141 |
State of Qatar | 6.400% | 1/20/40 | 728 | 1,165 | |
1 | State of Qatar | 6.400% | 1/20/40 | 925 | 1,482 |
1 | State of Qatar | 5.750% | 1/20/42 | 516 | 790 |
State of Qatar | 5.750% | 1/20/42 | 1,200 | 1,836 | |
State of Qatar | 4.625% | 6/2/46 | 3,650 | 5,009 | |
State of Qatar | 5.103% | 4/23/48 | 10,900 | 16,029 | |
State of Qatar | 4.817% | 3/14/49 | 10,800 | 15,414 | |
1 | State of Qatar | 4.400% | 4/16/50 | 8,900 | 12,108 |
Total Qatar (Cost $92,162) | 107,275 | ||||
Romania (1.0%) | |||||
Sovereign Bonds (1.0%) | |||||
Republic of Romania | 6.750% | 2/7/22 | 3,532 | 3,815 | |
Republic of Romania | 4.375% | 8/22/23 | 2,604 | 2,802 | |
Republic of Romania | 4.875% | 1/22/24 | 1,880 | 2,077 | |
1 | Republic of Romania | 3.000% | 2/14/31 | 2,300 | 2,340 |
Republic of Romania | 6.125% | 1/22/44 | 1,670 | 2,282 | |
1 | Republic of Romania | 5.125% | 6/15/48 | 200 | 248 |
Republic of Romania | 5.125% | 6/15/48 | 2,000 | 2,474 | |
1 | Republic of Romania | 4.000% | 2/14/51 | 3,500 | 3,677 |
Total Romania (Cost $18,713) | 19,715 | ||||
Russia (4.8%) | |||||
Sovereign Bonds (4.8%) | |||||
Gazprom Neft OAO Via GPN Capital SA | 4.375% | 9/19/22 | 2,750 | 2,869 | |
1 | Gazprom Neft OAO Via GPN Capital SA | 6.000% | 11/27/23 | 200 | 222 |
Gazprom Neft OAO Via GPN Capital SA | 6.000% | 11/27/23 | 2,100 | 2,336 | |
1 | Gazprom PJSC Via Gaz Finance plc | 3.250% | 2/25/30 | 3,600 | 3,625 |
Rosneft Oil Co. Via Rosneft International | |||||
Finance DAC | 4.199% | 3/6/22 | 3,727 | 3,844 | |
Russian Federation | 4.500% | 4/4/22 | 3,800 | 4,012 | |
1 | Russian Federation | 4.875% | 9/16/23 | 250 | 278 |
Russian Federation | 4.875% | 9/16/23 | 5,200 | 5,771 | |
Russian Federation | 4.750% | 5/27/26 | 5,600 | 6,461 | |
Russian Federation | 4.250% | 6/23/27 | 4,400 | 4,957 | |
Russian Federation | 12.750% | 6/24/28 | 4,585 | 7,924 | |
Russian Federation | 4.375% | 3/21/29 | 6,200 | 7,105 | |
2 | Russian Federation | 7.500% | 3/31/30 | 3,692 | 4,259 |
Russian Federation | 5.100% | 3/28/35 | 7,400 | 9,248 | |
Russian Federation | 5.625% | 4/4/42 | 5,000 | 6,831 | |
Russian Federation | 5.875% | 9/16/43 | 2,600 | 3,686 | |
1 | Russian Federation | 5.250% | 6/23/47 | 1,600 | 2,182 |
Russian Federation | 5.250% | 6/23/47 | 11,000 | 14,999 | |
Sberbank of Russia Via SB Capital SA | 6.125% | 2/7/22 | 2,300 | 2,441 | |
Sberbank of Russia Via SB Capital SA | 5.125% | 10/29/22 | 3,524 | 3,705 | |
Total Russia (Cost $86,319) | 96,755 | ||||
Saudi Arabia (8.9%) | |||||
Sovereign Bonds (8.9%) | |||||
1 | Kingdom of Saudi Arabia | 2.375% | 10/26/21 | 2,600 | 2,645 |
Kingdom of Saudi Arabia | 2.375% | 10/26/21 | 6,392 | 6,507 | |
Kingdom of Saudi Arabia | 2.875% | 3/4/23 | 5,410 | 5,666 | |
1 | Kingdom of Saudi Arabia | 4.000% | 4/17/25 | 3,000 | 3,352 |
Kingdom of Saudi Arabia | 4.000% | 4/17/25 | 4,865 | 5,442 | |
Kingdom of Saudi Arabia | 2.900% | 10/22/25 | 1,400 | 1,499 | |
1 | Kingdom of Saudi Arabia | 2.900% | 10/22/25 | 3,900 | 4,179 |
Kingdom of Saudi Arabia | 3.250% | 10/26/26 | 6,000 | 6,576 | |
1 | Kingdom of Saudi Arabia | 3.250% | 10/26/26 | 4,395 | 4,823 |
Kingdom of Saudi Arabia | 2.500% | 2/3/27 | 350 | 368 | |
1 | Kingdom of Saudi Arabia | 3.625% | 3/4/28 | 2,000 | 2,245 |
Kingdom of Saudi Arabia | 3.625% | 3/4/28 | 7,150 | 8,022 | |
1 | Kingdom of Saudi Arabia | 4.375% | 4/16/29 | 2,600 | 3,094 |
Kingdom of Saudi Arabia | 4.375% | 4/16/29 | 5,020 | 5,971 | |
1 | Kingdom of Saudi Arabia | 4.500% | 4/17/30 | 1,750 | 2,122 |
Kingdom of Saudi Arabia | 4.500% | 4/17/30 | 3,750 | 4,549 |
Kingdom of Saudi Arabia | 3.250% | 10/22/30 | 900 | 995 | |
1 | Kingdom of Saudi Arabia | 2.750% | 2/3/32 | 1,800 | 1,917 |
Kingdom of Saudi Arabia | 4.500% | 10/26/46 | 12,745 | 16,147 | |
Kingdom of Saudi Arabia | 4.625% | 10/4/47 | 7,730 | 9,964 | |
Kingdom of Saudi Arabia | 5.000% | 4/17/49 | 6,325 | 8,663 | |
1 | Kingdom of Saudi Arabia | 5.250% | 1/16/50 | 2,100 | 2,979 |
Kingdom of Saudi Arabia | 5.250% | 1/16/50 | 3,950 | 5,606 | |
1 | Kingdom of Saudi Arabia | 3.750% | 1/21/55 | 4,900 | 5,641 |
Kingdom of Saudi Arabia | 3.750% | 1/21/55 | 400 | 461 | |
1 | Kingdom of Saudi Arabia | 4.500% | 4/22/60 | 3,800 | 4,988 |
Kingdom of Saudi Arabia | 4.500% | 4/22/60 | 900 | 1,180 | |
1 | KSA Sukuk Ltd. | 2.894% | 4/20/22 | 2,500 | 2,582 |
KSA Sukuk Ltd. | 2.894% | 4/20/22 | 5,850 | 6,039 | |
7 | KSA Sukuk Ltd. | 3.628% | 4/20/27 | 9,300 | 10,387 |
1 | KSA Sukuk Ltd. | 4.303% | 1/19/29 | 1,900 | 2,250 |
KSA Sukuk Ltd. | 4.303% | 1/19/29 | 2,050 | 2,427 | |
1 | KSA Sukuk Ltd. | 2.969% | 10/29/29 | 3,500 | 3,769 |
KSA Sukuk Ltd. | 2.969% | 10/29/29 | 650 | 700 | |
1 | Saudi Arabian Oil Co. | 2.875% | 4/16/24 | 1,000 | 1,053 |
Saudi Arabian Oil Co. | 2.875% | 4/16/24 | 2,500 | 2,646 | |
1 | Saudi Arabian Oil Co. | 3.500% | 4/16/29 | 4,600 | 5,124 |
Saudi Arabian Oil Co. | 3.500% | 4/16/29 | 1,000 | 1,115 | |
1 | Saudi Arabian Oil Co. | 4.250% | 4/16/39 | 5,100 | 6,121 |
Saudi Arabian Oil Co. | 4.375% | 4/16/49 | 200 | 250 | |
1 | Saudi Arabian Oil Co. | 4.375% | 4/16/49 | 5,280 | 6,580 |
1 | Saudi Electricity Global Sukuk Co. 3 | 4.000% | 4/8/24 | 250 | 271 |
Saudi Electricity Global Sukuk Co. 3 | 4.000% | 4/8/24 | 2,350 | 2,543 | |
Total Saudi Arabia (Cost $158,745) | 179,458 | ||||
Senegal (0.2%) | |||||
Sovereign Bonds (0.2%) | |||||
Republic of Senegal | 6.250% | 7/30/24 | 800 | 834 | |
2 | Republic of Senegal | 6.250% | 5/23/33 | 2,100 | 2,077 |
2 | Republic of Senegal | 6.750% | 3/13/48 | 1,800 | 1,709 |
Total Senegal (Cost $4,640) | 4,620 | ||||
Serbia (0.1%) | |||||
Sovereign Bonds (0.1%) | |||||
Republic of Serbia | 7.250% | 9/28/21 | 2,763 | 2,939 | |
Total Serbia (Cost $2,874) | 2,939 | ||||
South Africa (1.7%) | |||||
Sovereign Bonds (1.7%) | |||||
Republic of South Africa | 5.875% | 5/30/22 | 1,421 | 1,499 | |
Republic of South Africa | 4.665% | 1/17/24 | 2,600 | 2,675 | |
Republic of South Africa | 5.875% | 9/16/25 | 3,550 | 3,799 | |
Republic of South Africa | 4.875% | 4/14/26 | 2,900 | 2,923 | |
Republic of South Africa | 4.850% | 9/27/27 | 2,100 | 2,082 | |
Republic of South Africa | 4.300% | 10/12/28 | 2,750 | 2,586 | |
Republic of South Africa | 4.850% | 9/30/29 | 3,750 | 3,597 | |
Republic of South Africa | 5.875% | 6/22/30 | 2,800 | 2,881 | |
Republic of South Africa | 6.250% | 3/8/41 | 1,196 | 1,176 | |
Republic of South Africa | 5.375% | 7/24/44 | 1,900 | 1,672 | |
Republic of South Africa | 5.000% | 10/12/46 | 1,700 | 1,415 | |
Republic of South Africa | 5.650% | 9/27/47 | 2,600 | 2,316 | |
Republic of South Africa | 6.300% | 6/22/48 | 1,700 | 1,615 | |
Republic of South Africa | 5.750% | 9/30/49 | 4,900 | 4,351 |
Total South Africa (Cost $36,069) | 34,587 | ||||
Sri Lanka (0.9%) | |||||
Sovereign Bonds (0.9%) | |||||
Democratic Socialist Republic of Sri Lanka | 5.750% | 1/18/22 | 950 | 824 | |
Democratic Socialist Republic of Sri Lanka | 5.875% | 7/25/22 | 1,950 | 1,649 | |
1 | Democratic Socialist Republic of Sri Lanka | 5.750% | 4/18/23 | 900 | 725 |
Democratic Socialist Republic of Sri Lanka | 5.750% | 4/18/23 | 1,050 | 850 | |
Democratic Socialist Republic of Sri Lanka | 6.850% | 3/14/24 | 2,100 | 1,670 | |
Democratic Socialist Republic of Sri Lanka | 6.350% | 6/28/24 | 1,100 | 871 | |
Democratic Socialist Republic of Sri Lanka | 6.125% | 6/3/25 | 1,300 | 990 | |
Democratic Socialist Republic of Sri Lanka | 6.850% | 11/3/25 | 2,750 | 2,106 | |
Democratic Socialist Republic of Sri Lanka | 6.825% | 7/18/26 | 2,050 | 1,541 | |
Democratic Socialist Republic of Sri Lanka | 6.200% | 5/11/27 | 1,850 | 1,359 | |
Democratic Socialist Republic of Sri Lanka | 6.750% | 4/18/28 | 2,450 | 1,799 | |
Democratic Socialist Republic of Sri Lanka | 7.850% | 3/14/29 | 2,130 | 1,589 | |
Democratic Socialist Republic of Sri Lanka | 7.550% | 3/28/30 | 2,950 | 2,171 | |
Total Sri Lanka (Cost $23,143) | 18,144 | ||||
Suriname (0.0%) | |||||
Sovereign Bonds (0.0%) | |||||
Republic of Suriname | 9.250% | 10/26/26 | 1,100 | 586 | |
Total Suriname (Cost $1,065) | 586 | ||||
Tajikistan (0.0%) | |||||
Sovereign Bonds (0.0%) | |||||
2 | Republic of Tajikistan | 7.125% | 9/14/27 | 775 | 663 |
Total Tajikistan (Cost $721) | 663 | ||||
Trinidad & Tobago (0.2%) | |||||
Sovereign Bonds (0.2%) | |||||
Republic of Trinidad & Tobago | 4.375% | 1/16/24 | 200 | 205 | |
1 | Republic of Trinidad & Tobago | 4.375% | 1/16/24 | 400 | 409 |
Republic of Trinidad & Tobago | 4.500% | 8/4/26 | 1,800 | 1,840 | |
1,2 | Republic of Trinidad & Tobago | 4.500% | 6/26/30 | 1,100 | 1,082 |
Total Trinidad & Tobago (Cost $3,515) | 3,536 | ||||
Tunisia (0.1%) | |||||
Sovereign Bonds (0.1%) | |||||
Banque Centrale de Tunisie SA | 5.750% | 1/30/25 | 1,650 | 1,517 | |
Total Tunisia (Cost $1,550) | 1,517 | ||||
Turkey (5.1%) | |||||
Sovereign Bonds (5.1%) | |||||
Hazine Mustesarligi Varlik Kiralama AS | 5.800% | 2/21/22 | 3,550 | 3,549 | |
Hazine Mustesarligi Varlik Kiralama AS | 5.004% | 4/6/23 | 2,175 | 2,122 | |
8 | Hazine Mustesarligi Varlik Kiralama AS | 4.489% | 11/25/24 | 1,200 | 1,127 |
Republic of Turkey | 5.125% | 3/25/22 | 1,825 | 1,791 | |
Republic of Turkey | 6.250% | 9/26/22 | 3,861 | 3,831 | |
Republic of Turkey | 3.250% | 3/23/23 | 2,976 | 2,753 | |
Republic of Turkey | 7.250% | 12/23/23 | 3,750 | 3,765 | |
Republic of Turkey | 5.750% | 3/22/24 | 4,113 | 3,943 | |
Republic of Turkey | 6.350% | 8/10/24 | 3,800 | 3,707 | |
Republic of Turkey | 5.600% | 11/14/24 | 5,500 | 5,225 | |
Republic of Turkey | 7.375% | 2/5/25 | 5,250 | 5,321 | |
Republic of Turkey | 4.250% | 3/13/25 | 3,800 | 3,419 | |
Republic of Turkey | 4.250% | 4/14/26 | 2,650 | 2,310 | |
Republic of Turkey | 4.875% | 10/9/26 | 5,600 | 4,982 |
Republic of Turkey | 6.000% | 3/25/27 | 5,812 | 5,450 | |
Republic of Turkey | 5.125% | 2/17/28 | 3,600 | 3,178 | |
Republic of Turkey | 6.125% | 10/24/28 | 3,800 | 3,528 | |
Republic of Turkey | 7.625% | 4/26/29 | 4,975 | 5,032 | |
Republic of Turkey | 11.875% | 1/15/30 | 2,805 | 3,623 | |
Republic of Turkey | 5.250% | 3/13/30 | 3,350 | 2,879 | |
Republic of Turkey | 8.000% | 2/14/34 | 2,905 | 2,995 | |
Republic of Turkey | 6.875% | 3/17/36 | 4,854 | 4,475 | |
Republic of Turkey | 7.250% | 3/5/38 | 1,850 | 1,775 | |
Republic of Turkey | 6.750% | 5/30/40 | 3,540 | 3,174 | |
Republic of Turkey | 6.000% | 1/14/41 | 5,407 | 4,495 | |
Republic of Turkey | 4.875% | 4/16/43 | 5,219 | 3,930 | |
Republic of Turkey | 6.625% | 2/17/45 | 4,750 | 4,125 | |
Republic of Turkey | 5.750% | 5/11/47 | 6,750 | 5,324 | |
1 | Hazine Mustesarligi Varlik Kiralama AS | 4.489% | 11/25/24 | 600 | 565 |
Total Turkey (Cost $108,996) | 102,393 | ||||
Ukraine (1.5%) | |||||
Sovereign Bonds (1.5%) | |||||
Ukraine | 7.750% | 9/1/21 | 1,990 | 2,052 | |
Ukraine | 7.750% | 9/1/22 | 1,800 | 1,874 | |
Ukraine | 7.750% | 9/1/23 | 2,625 | 2,730 | |
Ukraine | 8.994% | 2/1/24 | 1,350 | 1,451 | |
Ukraine | 7.750% | 9/1/24 | 2,510 | 2,600 | |
Ukraine | 7.750% | 9/1/25 | 1,900 | 1,960 | |
Ukraine | 7.750% | 9/1/26 | 2,750 | 2,816 | |
Ukraine | 7.750% | 9/1/27 | 2,350 | 2,416 | |
1 | Ukraine | 9.750% | 11/1/28 | 450 | 502 |
Ukraine | 9.750% | 11/1/28 | 2,350 | 2,622 | |
2 | Ukraine | 7.375% | 9/25/32 | 3,750 | 3,678 |
1,2 | Ukraine | 7.375% | 9/25/32 | 1,600 | 1,570 |
1 | Ukraine | 7.253% | 3/15/33 | 3,500 | 3,408 |
Total Ukraine (Cost $28,888) | 29,679 | ||||
United Arab Emirates (5.0%) | |||||
Sovereign Bonds (5.0%) | |||||
2 | Abu Dhabi Crude Oil Pipeline LLC | 4.600% | 11/2/47 | 2,125 | 2,662 |
1,2 | Abu Dhabi Crude Oil Pipeline LLC | 4.600% | 11/2/47 | 2,050 | 2,578 |
1 | DP World plc | 6.850% | 7/2/37 | 2,890 | 3,831 |
Dubai DOF Sukuk Ltd. | 6.450% | 5/2/22 | 1,000 | 1,085 | |
Emirate of Abu Dhabi | 2.500% | 10/11/22 | 5,250 | 5,460 | |
1 | Emirate of Abu Dhabi | 2.125% | 9/30/24 | 4,500 | 4,710 |
Emirate of Abu Dhabi | 2.125% | 9/30/24 | 450 | 471 | |
Emirate of Abu Dhabi | 2.500% | 4/16/25 | 6,000 | 6,389 | |
1 | Emirate of Abu Dhabi | 2.500% | 4/16/25 | 600 | 639 |
1 | Emirate of Abu Dhabi | 3.125% | 5/3/26 | 450 | 499 |
Emirate of Abu Dhabi | 3.125% | 5/3/26 | 4,507 | 5,000 | |
Emirate of Abu Dhabi | 3.125% | 10/11/27 | 6,250 | 6,999 | |
1 | Emirate of Abu Dhabi | 3.125% | 10/11/27 | 1,100 | 1,232 |
1 | Emirate of Abu Dhabi | 2.500% | 9/30/29 | 3,990 | 4,312 |
Emirate of Abu Dhabi | 2.500% | 9/30/29 | 1,600 | 1,728 | |
Emirate of Abu Dhabi | 3.125% | 4/16/30 | 700 | 789 | |
1 | Emirate of Abu Dhabi | 3.125% | 4/16/30 | 3,750 | 4,226 |
Emirate of Abu Dhabi | 4.125% | 10/11/47 | 4,650 | 6,075 | |
1 | Emirate of Abu Dhabi | 4.125% | 10/11/47 | 600 | 786 |
Emirate of Abu Dhabi | 3.125% | 9/30/49 | 7,100 | 7,952 | |
Emirate of Abu Dhabi | 3.875% | 4/16/50 | 2,700 | 3,422 |
1 | Emirate of Abu Dhabi | 3.875% | 4/16/50 | 4,650 | 5,904 |
Emirate of Abu Dubai | 3.875% | 1/30/23 | 1,400 | 1,471 | |
Emirate of Abu Dubai | 5.250% | 1/30/43 | 1,000 | 1,155 | |
1 | Emirate of Sharjah United Arab Emirates | 4.000% | 7/28/50 | 1,750 | 1,825 |
1 | MDC - GMTN BV | 5.500% | 3/1/22 | 2,510 | 2,692 |
1 | MDGH - GMTN BV | 3.700% | 11/7/49 | 2,600 | 3,043 |
MDGH - GMTN BV | 3.950% | 5/21/50 | 3,700 | 4,509 | |
RAK Capital | 3.094% | 3/31/25 | 1,600 | 1,674 | |
Sharjah Sukuk Program Ltd. | 3.764% | 9/17/24 | 800 | 860 | |
Sharjah Sukuk Program Ltd. | 3.854% | 4/3/26 | 2,000 | 2,177 | |
Sharjah Sukuk Program Ltd. | 2.942% | 6/10/27 | 1,500 | 1,551 | |
Sharjah Sukuk Program Ltd. | 4.226% | 3/14/28 | 2,300 | 2,568 | |
Sharjah Sukuk Program Ltd. | 3.234% | 10/23/29 | 1,300 | 1,360 | |
Total United Arab Emirates (Cost $92,963) | 101,634 | ||||
Uruguay (1.6%) | |||||
Sovereign Bonds (1.6%) | |||||
2 Oriental Republic of Uruguay | 4.500% | 8/14/24 | 1,789 | 1,976 | |
2 Oriental Republic of Uruguay | 4.375% | 10/27/27 | 2,784 | 3,282 | |
2 Oriental Republic of Uruguay | 4.375% | 1/23/31 | 3,263 | 3,993 | |
Oriental Republic of Uruguay | 7.875% | 1/15/33 | 1,496 | 2,364 | |
2 Oriental Republic of Uruguay | 7.625% | 3/21/36 | 1,765 | 2,806 | |
2 Oriental Republic of Uruguay | 4.125% | 11/20/45 | 1,405 | 1,735 | |
2 Oriental Republic of Uruguay | 5.100% | 6/18/50 | 6,925 | 9,678 | |
2 Oriental Republic of Uruguay | 4.975% | 4/20/55 | 4,705 | 6,528 | |
Total Uruguay (Cost $26,440) | 32,362 | ||||
Uzbekistan (0.1%) | |||||
Sovereign Bonds (0.1%) | |||||
Republic of Uzbekistan | 4.750% | 2/20/24 | 800 | 849 | |
Republic of Uzbekistan | 5.375% | 2/20/29 | 975 | 1,102 | |
Total Uzbekistan (Cost $1,802) | 1,951 | ||||
Vietnam (0.1%) | |||||
Sovereign Bonds (0.1%) | |||||
Socialist Republic of Vietnam | 4.800% | 11/19/24 | 1,800 | 1,994 | |
Total Vietnam (Cost $1,844) | 1,994 | ||||
Zambia (0.1%) | |||||
Sovereign Bonds (0.1%) | |||||
Republic of Zambia | 5.375% | 9/20/22 | 1,150 | 636 | |
Republic of Zambia | 8.500% | 4/14/24 | 1,800 | 1,000 | |
Republic of Zambia | 8.970% | 7/30/27 | 2,325 | 1,310 | |
Total Zambia (Cost $4,456) | 2,946 | ||||
Shares | |||||
Temporary Cash Investments (0.6%) | |||||
Money Market Fund (0.6%) | |||||
9 Vanguard Market Liquidity Fund | 0.190% | 114,761 | 11,476 | ||
Total Temporary Cash Investments (Cost $11,476) | 11,476 | ||||
Total Investments (99.2%) (Cost $1,966,955) | 2,010,433 | ||||
Other Assets and Liabilities—Net (0.8%) | 16,138 | ||||
Net Assets (100%) | 2,026,571 |
1 Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in
transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2020, the aggreg ate
value of these securities was $299,728,000, representing 14.8% of net assets.
2 The average or expected maturity is shorter than the final maturity shown because of the possibility of interim
principal payments and prepayments or the possibility of the issue being called.
3 Guaranteed by the Republic of Azerbaijan.
4 Guaranteed by the Republic of Indonesia.
5 Non-income-producing security—security in default.
6 Securities with a value of $531,000 have been segregated as initial margin for open futures contracts.
7 Guaranteed by the Kingdom of Saudi Arabia.
8 Guaranteed by the Republic of Turkey.
9 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
Derivative Financial Instruments Outstanding as of Period End | ||||
Futures Contracts | ||||
($000) | ||||
Value and | ||||
Number of | Unrealized | |||
Long (Short) | Notional | Appreciation | ||
Expiration | Contracts | Amount | (Depreciation) | |
Long Futures Contracts | ||||
Ultra 10-Year U.S. Treasury Note | September 2020 | 35 | 5,574 | 1 |
2-Year U.S. Treasury Note | September 2020 | 23 | 5,083 | 5 |
30-Year U.S. Treasury Bond | September 2020 | 9 | 1,641 | 54 |
Ultra Long U.S. Treasury Bond | September 2020 | 2 | 455 | — |
60 | ||||
Short Futures Contracts | ||||
10-Year U.S. Treasury Note | September 2020 | (28) | (3,922) | (37) |
5-Year U.S. Treasury Note | September 2020 | (46) | (5,802) | (30) |
(67) | ||||
(7) |
A. Security Valuation: Securities are valued as of the close of trading on the New York Stock
Exchange (generally 4 p.m., Eastern time) on the valuation date. Bonds and temporary cash
investments are valued using the latest bid prices or using valuations based on a matrix system
(which considers such factors as security prices, yields, maturities, and ratings), both as furnished by
independent pricing services. Investments in Vanguard Market Liquidity Fund are valued at that fund's
net asset value. Securities for which market quotations are not readily available, or whose values
have been affected by events occurring before the fund's pricing time but after the close of the
securities’ primary markets, are valued at their fair values calculated according to procedures adopted
by the board of trustees. These procedures include obtaining quotations from an independent pricing
service, monitoring news to identify significant market- or security-specific events, and evaluating
changes in the values of foreign market proxies (for example, ADRs, futures contracts, or exchange-
traded funds), between the time the foreign markets close and the fund's pricing time. When fair-value
pricing is employed, the prices of securities used by a fund to calculate its net asset value may differ
from quoted or published prices for the same securities.
B. Futures Contracts: The fund uses futures contracts to invest in fixed income asset classes with
greater efficiency and lower cost than is possible through direct investment, to add value when these
instruments are attractively priced, or to adjust sensitivity to changes in interest rates. The primary
risks associated with the use of futures contracts are imperfect correlation between changes in market
Emerging Markets Government Bond Index Fund
values of bonds held by the fund and the prices of futures contracts, and the possibility of an illiquid
market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the
counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades
futures contracts on an exchange, monitors the financial strength of its clearing brokers and
clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse
imposes initial margin requirements to secure the fund's performance and requires daily settlement of
variation margin representing changes in the market value of each contract. Any assets pledged as
initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the
contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts
are recorded as an asset (liability).
C. Various inputs may be used to determine the value of the fund's investments. These inputs are
summarized in three broad levels for financial statement purposes. The inputs or methodologies used
to value securities are not necessarily an indication of the risk associated with investing in those
securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest
rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund's own assumptions used to determine
the fair value of investments). Any investments valued with significant unobservable inputs are noted
on the Schedule of Investments.
The following table summarizes the market value of the fund's investments and derivatives as of July
31, 2020, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | Total | |
($000) | ($000) | ($000) | ($000) | |
Investments | ||||
Assets | ||||
Sovereign Bonds | — | 1,998,957 | — | 1,998,957 |
Temporary Cash Investments | 11,476 | — | — | 11,476 |
Total | 11,476 | 1,998,957 | — | 2,010,433 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 12 | — | — | 12 |
Liabilities | ||||
Futures Contracts1 | 32 | — | — | 32 |
1 Represents variation margin on the last day of the reporting period. |