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      <invstOrSec>
        <name>Corp. Nacional del Cobre de Chile</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Braskem Netherlands Finance BV</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Petroleos de Venezuela SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan Prime Money Market Fund</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Corp. Nacional del Cobre de Chile</name>
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          <isin value="USP3143NBE33"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Serbia International Bond</name>
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        <title>Republic of Serbia</title>
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          <isin value="XS2580270275"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-09-26</maturityDt>
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        <name>Bapco Energies BSC Closed</name>
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        <title>Bapco Energies BSC Closed</title>
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          <isin value="XS1903485800"/>
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        <invCountry>BH</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of South Africa</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
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          <isin value="US71654QDD16"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-01-23</maturityDt>
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        <name>Republic of South Africa</name>
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        <invCountry>ZA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Turkiye (The)</name>
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        <invCountry>TR</invCountry>
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        <name>Paraguay Government International Bond</name>
        <lei>529900UXKJTJPCU0HK83</lei>
        <title>Republic of Paraguay</title>
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        <name>Republic of Indonesia</name>
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        <name>Federal Republic of Nigeria</name>
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        <name>UAE International Government Bond</name>
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        <invCountry>AE</invCountry>
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        <name>Suriname Government International Bond</name>
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          <isin value="USP68788AC53"/>
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        <name>United Mexican States</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
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          <maturityDt>2035-02-09</maturityDt>
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          <annualizedRt>6.35000000</annualizedRt>
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        <name>Republic of Ecuador</name>
        <lei>5299003Y2U5XK0A35H71</lei>
        <title>Republic of Ecuador</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-31</maturityDt>
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        <name>Perusahaan Perseroan Persero PT Perusahaan Listrik Negara</name>
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        <name>Bank Gospodarstwa Krajowego</name>
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      <invstOrSec>
        <name>Democratic Socialist Republic of Sri Lanka</name>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
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          <isin value="US71643VAB18"/>
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          <maturityDt>2032-02-16</maturityDt>
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        <name>Republic of Turkiye (The)</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
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          <isin value="US900123CP36"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-17</maturityDt>
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        <name>Republic of Iraq</name>
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          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>5.80000000</annualizedRt>
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        <name>Bermuda</name>
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        <invCountry>BM</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Comision Federal de Electricidad</name>
        <lei>4469000001BFPONMPF32</lei>
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          <isin value="USP29595AD08"/>
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        <curCd>USD</curCd>
        <valUSD>494940.00000000</valUSD>
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        <invCountry>MX</invCountry>
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        <name>Turkiye Varlik Fonu Yonetimi A/S</name>
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        <name>Heritage Petroleum Co. Ltd.</name>
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        <name>Kingdom of Saudi Arabia</name>
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        <name>Argentine Republic (The)</name>
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        <invCountry>AR</invCountry>
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        <name>Republic of Chile</name>
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        <invCountry>CL</invCountry>
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          <maturityDt>2032-01-27</maturityDt>
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        <name>Comision Federal de Electricidad</name>
        <lei>4469000001BFPONMPF32</lei>
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        <name>Yinson Boronia Production BV</name>
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        <name>Argentine Republic (The)</name>
        <lei>549300KPBYGYF7HCHO27</lei>
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        <cusip>040114HS2</cusip>
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        <invCountry>AR</invCountry>
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        <name>Republic of Panama</name>
        <lei>549300SHS4T08CL0LP14</lei>
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        <invCountry>PA</invCountry>
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        <name>Dominican Republic</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government of Mongolia</name>
        <lei>N/A</lei>
        <title>State of Mongolia</title>
        <cusip>N/A</cusip>
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          <isin value="USY6142NAE86"/>
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        <curCd>USD</curCd>
        <valUSD>676250.00000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MN</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-07</maturityDt>
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          <annualizedRt>4.45000000</annualizedRt>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
        <cusip>71654QCB6</cusip>
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          <isin value="US71654QCB68"/>
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        <curCd>USD</curCd>
        <valUSD>3828445.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Arab Republic of Egypt</title>
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        <identifiers>
          <isin value="XS2297221405"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>772750.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-02-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Paraguay Government International Bond</name>
        <lei>529900UXKJTJPCU0HK83</lei>
        <title>Republic of Paraguay</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP75744AL92"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>345500.00000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>PY</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.84900000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
        <cusip>71654QDD1</cusip>
        <identifiers>
          <isin value="US71654QDD16"/>
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        <balance>7364000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5345527.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.69000000</annualizedRt>
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      <invstOrSec>
        <name>Republic of Kenya</name>
        <lei>549300VVURQQYU45PR87</lei>
        <title>Republic of Kenya</title>
        <cusip>491798AM6</cusip>
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          <isin value="US491798AM68"/>
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        <balance>2006000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2004375.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.75000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Republic of Nigeria</name>
        <lei>549300GSBZD84TNEQ285</lei>
        <title>Federal Republic of Nigeria</title>
        <cusip>65412JAU7</cusip>
        <identifiers>
          <isin value="US65412JAU79"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1333500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oriental Republic of Uruguay</name>
        <lei>549300RDR012H2V82H43</lei>
        <title>Oriental Republic of Uruguay</title>
        <cusip>760942AS1</cusip>
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          <isin value="US760942AS16"/>
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        <balance>7710000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9136350.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dominican Republic</name>
        <lei>N/A</lei>
        <title>Dominican Republic Government Bond</title>
        <cusip>25714PET1</cusip>
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          <isin value="US25714PET12"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1130250.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hungary</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>Hungary Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2010026305"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2932050.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-16</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Republic of South Africa</name>
        <lei>378900AAFB4F17004C49</lei>
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          <isin value="US836205BE37"/>
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        <balance>1740000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.30000000</annualizedRt>
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        <name>NPC Ukrenergo</name>
        <lei>8945009LCLS92V4AK321</lei>
        <title>NPC Ukrenergo</title>
        <cusip>63718LAA2</cusip>
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          <isin value="US63718LAA26"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>219000.00000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>UA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-09</maturityDt>
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          <annualizedRt>6.87500000</annualizedRt>
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        <name>Republic of Costa Rica</name>
        <lei>549300S1EK2VN6XVJP58</lei>
        <title>Republic of Costa Rica</title>
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          <isin value="USP3699PGF82"/>
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        <invCountry>CR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-04-30</maturityDt>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
        <cusip>71654QCL4</cusip>
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          <isin value="US71654QCL41"/>
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        <balance>3300000.00000000</balance>
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        <valUSD>2128335.00000000</valUSD>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-12</maturityDt>
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          <annualizedRt>6.35000000</annualizedRt>
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      <invstOrSec>
        <name>Paraguay Government International Bond</name>
        <lei>529900UXKJTJPCU0HK83</lei>
        <title>Republic of Paraguay</title>
        <cusip>699149AP5</cusip>
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          <maturityDt>2031-02-09</maturityDt>
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          <annualizedRt>7.90000000</annualizedRt>
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        <name>Dominican Republic</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="USP3579ECH82"/>
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        <balance>6860000.00000000</balance>
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        <valUSD>6119120.00000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-23</maturityDt>
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          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>Ukraine</name>
        <lei>6354001WLTJXOMEXPY07</lei>
        <title>Ukraine Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2010030836"/>
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        <balance>16647000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4478043.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-15</maturityDt>
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          <annualizedRt>7.25300000</annualizedRt>
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      <invstOrSec>
        <name>Kingdom of Saudi Arabia</name>
        <lei>635400FMICXSM3SI3H65</lei>
        <title>Kingdom of Saudi Arabia</title>
        <cusip>N/A</cusip>
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          <isin value="XS1694218469"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3390400.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ukraine</name>
        <lei>6354001WLTJXOMEXPY07</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1303925041"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>363000.00000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>UA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-01</maturityDt>
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      <invstOrSec>
        <name>Bermuda</name>
        <lei>549300FP5PUZXX9FVJ40</lei>
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        <cusip>N/A</cusip>
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          <isin value="USG10367AD52"/>
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        <curCd>USD</curCd>
        <valUSD>1900023.13000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-25</maturityDt>
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          <annualizedRt>3.71700000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Republic of Guatemala</name>
        <lei>529900QKDFFU9UWW5315</lei>
        <title>Republic of Guatemala</title>
        <cusip>N/A</cusip>
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          <isin value="USP5015VAJ54"/>
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        <balance>3814000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3443326.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GT</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-01</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>DP World Ltd.</name>
        <lei>549300M3U2DNF4QVSS04</lei>
        <title>DP World Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS0308427581"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2149060.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-02</maturityDt>
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      <invstOrSec>
        <name>Republic of Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Republic of Colombia</title>
        <cusip>195325DX0</cusip>
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          <isin value="US195325DX04"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1040250.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>Petroleos del Peru SA</name>
        <lei>549300ZMGDLC9JT2OR80</lei>
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        <cusip>N/A</cusip>
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          <isin value="USP7808BAB38"/>
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        <balance>3624000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2156280.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-19</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Republic of Senegal</name>
        <lei>549300NP14ZLQGWIUZ97</lei>
        <title>Republic of Senegal</title>
        <cusip>N/A</cusip>
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          <isin value="XS1790134362"/>
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        <invCountry>SN</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-03-13</maturityDt>
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      <invstOrSec>
        <name>Kingdom of Saudi Arabia</name>
        <lei>635400FMICXSM3SI3H65</lei>
        <title>Kingdom of Saudi Arabia</title>
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          <isin value="US80413TBF57"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-16</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Islamic Republic of Pakistan</name>
        <lei>529900LOP29R5WKHOD86</lei>
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          <isin value="XS2322319638"/>
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        <balance>13255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10848389.06000000</valUSD>
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        <invCountry>PK</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-08</maturityDt>
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          <annualizedRt>7.37500000</annualizedRt>
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      <invstOrSec>
        <name>Corp. Nacional del Cobre de Chile</name>
        <lei>549300UVMBCBCIPSUI70</lei>
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          <isin value="US21987BBH06"/>
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        <curCd>USD</curCd>
        <valUSD>2210834.06000000</valUSD>
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        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-08</maturityDt>
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        <name>Democratic Socialist Republic of Sri Lanka</name>
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          <isin value="USY8137FAP37"/>
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        <invCountry>LK</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank Gospodarstwa Krajowego</name>
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        <invCountry>PL</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Ecopetrol SA</name>
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        <invCountry>CO</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Oriental Republic of Uruguay</name>
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        <invCountry>UY</invCountry>
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        <name>Republic of Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Republic of Colombia</title>
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        <invCountry>CO</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-05-15</maturityDt>
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        <name>Instituto Costarricense de Electricidad</name>
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        <title>Instituto Costarricense de Electricidad</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ukraine</name>
        <lei>6354001WLTJXOMEXPY07</lei>
        <title>Ukraine Government Bond</title>
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        <balance>1100000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
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        <name>Oman Government International Bond</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Empresa Nacional del Petroleo</name>
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        <name>Federative Republic of Brazil</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-01-14</maturityDt>
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        <name>Greensaif Pipelines Bidco SARL</name>
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        <invCountry>LU</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-02-23</maturityDt>
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        <name>Instituto Costarricense de Electricidad</name>
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        <invCountry>CR</invCountry>
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        <name>Petronas Capital Ltd.</name>
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        <name>Islamic Republic of Pakistan</name>
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        <name>Kingdom of Saudi Arabia</name>
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        <name>Perusahaan Perseroan Persero PT Perusahaan Listrik Negara</name>
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        <name>Comision Federal de Electricidad</name>
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        <name>Republic of Colombia</name>
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        <name>Republic of Panama</name>
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        <name>Uzbekneftegaz JSC</name>
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        <name>Republic of South Africa</name>
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        <name>TC Ziraat Bankasi A/S</name>
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        <name>Petroleos de Venezuela SA</name>
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        <name>Empresa de Transmision Electrica SA</name>
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        <name>Republic of Ecuador</name>
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        <name>Greenko Power II Ltd.</name>
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        <name>KazMunayGas National Co. JSC</name>
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        <name>Republic of Indonesia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Paraguay</name>
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        <name>Republic of Guatemala</name>
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        <invCountry>GT</invCountry>
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        <name>Paraguay Government International Bond</name>
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          <isin value="USP75744AG08"/>
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        <invCountry>PY</invCountry>
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        <name>Republic of Colombia</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-28</maturityDt>
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          <annualizedRt>10.37500000</annualizedRt>
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        <name>Republic of Zambia</name>
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        <invCountry>ZM</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-04-14</maturityDt>
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          <annualizedRt>8.50000000</annualizedRt>
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        <name>Federative Republic of Brazil</name>
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        <invCountry>BR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-05-13</maturityDt>
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        <name>Commonwealth of the Bahamas</name>
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        <name>Kingdom of Saudi Arabia</name>
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        <name>Republic of Poland</name>
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        <name>UAE International Government Bond</name>
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        <name>Arab Republic of Egypt</name>
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        <name>Dominican Republic</name>
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        <name>Peru LNG Srl</name>
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        <name>Republic of Poland</name>
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      <invstOrSec>
        <name>Government of Mongolia</name>
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          <isin value="USY6142NAG35"/>
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      <invstOrSec>
        <name>Banque Ouest Africaine de Developpement</name>
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          <isin value="XS2288825263"/>
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        <invCountry>TG</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Republic of Nigeria</name>
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          <isin value="XS1777972511"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Argentine Republic (The)</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>Argentine Republic</title>
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          <isin value="US040114HV54"/>
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        <balance>3510000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1433835.00000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-09</maturityDt>
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        <name>Republic of Turkiye (The)</name>
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          <isin value="US900123DF45"/>
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        <invCountry>TR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>9.87500000</annualizedRt>
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      <invstOrSec>
        <name>Romania</name>
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        <cusip>N/A</cusip>
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          <isin value="XS2258398911"/>
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          <maturityDt>2040-12-02</maturityDt>
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          <annualizedRt>2.62500000</annualizedRt>
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        <name>Republic of the Philippines</name>
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        <invCountry>PH</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-01-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>Republic of South Africa</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-12</maturityDt>
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          <annualizedRt>4.30000000</annualizedRt>
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      <invstOrSec>
        <name>Republic of El Salvador</name>
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        <curCd>USD</curCd>
        <valUSD>3919218.75000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>SV</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-28</maturityDt>
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          <annualizedRt>8.62500000</annualizedRt>
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        <name>Oriental Republic of Uruguay</name>
        <lei>549300RDR012H2V82H43</lei>
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          <isin value="US760942AS16"/>
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        <invCountry>UY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-03-21</maturityDt>
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          <annualizedRt>7.62500000</annualizedRt>
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        <name>Empresa de Transporte de Pasajeros Metro SA</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-01-25</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <maturityDt>2029-09-20</maturityDt>
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        <name>Hungary</name>
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        <name>Kingdom of Morocco</name>
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        <name>MDGH GMTN RSC Ltd.</name>
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        <invCountry>AE</invCountry>
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        <name>Argentine Republic (The)</name>
        <lei>549300KPBYGYF7HCHO27</lei>
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        <invCountry>AR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-09</maturityDt>
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        <name>Republic of Ghana</name>
        <lei>213800PP4399SNNXZ126</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.37500000</annualizedRt>
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        <name>Bolivarian Republic of Venezuela</name>
        <lei>529900XM8PJTJK5OJI77</lei>
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        <curCd>USD</curCd>
        <valUSD>675750.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>VE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-07</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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          <isin value="US91282CCL37"/>
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        <balance>2352000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2338402.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-15</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>Ukraine</name>
        <lei>6354001WLTJXOMEXPY07</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1303926528"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>468800.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>7.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EDO Sukuk Ltd.</name>
        <lei>5493000LZIE4T625R469</lei>
        <title>EDO Sukuk Ltd.</title>
        <cusip>28135J2A4</cusip>
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          <isin value="US28135J2A42"/>
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        <balance>3040000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3071707.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Braskem Netherlands Finance BV</name>
        <lei>2549000TLMHFQ74DS330</lei>
        <title>Braskem Netherlands Finance BV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USN15516AD40"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>251250.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Republic of Kazakhstan</name>
        <lei>5493007OEK8EF02UO833</lei>
        <title>Republic of Kazakhstan</title>
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          <isin value="US486661AH44"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2000097.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KZ</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Republic of Trinidad &amp; Tobago</name>
        <lei>N/A</lei>
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          <isin value="USP93960AH80"/>
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        <curCd>USD</curCd>
        <valUSD>2954000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TT</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-26</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Oriental Republic of Uruguay</name>
        <lei>549300RDR012H2V82H43</lei>
        <title>Oriental Republic of Uruguay</title>
        <cusip>N/A</cusip>
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          <isin value="USP80557BV53"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>UY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Republic of Turkiye (The)</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
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          <isin value="TRT081128T15"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>31.07999898</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Republic of Ghana</name>
        <lei>213800PP4399SNNXZ126</lei>
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          <isin value="XS1968714623"/>
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        <curCd>USD</curCd>
        <valUSD>1335338.38000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>GH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-03-26</maturityDt>
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          <annualizedRt>8.95000000</annualizedRt>
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      <invstOrSec>
        <name>Republic of Namibia</name>
        <lei>549300T6Y4CWK77SML15</lei>
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          <isin value="XS1311099540"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>394152.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-29</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>State of Qatar</name>
        <lei>52990074F6OJOAXK4P65</lei>
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        <identifiers>
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        <balance>1142000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1041435.48000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>QA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-03-14</maturityDt>
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        <name>Petroleos Mexicanos</name>
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        <title>Petroleos Mexicanos</title>
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        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>Dominican Republic</name>
        <lei>N/A</lei>
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          <isin value="USP3579ECE51"/>
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        <balance>655000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>DO</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-06-05</maturityDt>
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          <annualizedRt>6.40000000</annualizedRt>
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        <name>Republic of El Salvador</name>
        <lei>529900AKDMUSFSDOM949</lei>
        <title>Republic of El Salvador</title>
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        <valUSD>2260889.38000000</valUSD>
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        <invCountry>SV</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-01-20</maturityDt>
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          <annualizedRt>7.12460000</annualizedRt>
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      <invstOrSec>
        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Arab Republic of Egypt</title>
        <cusip>N/A</cusip>
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          <isin value="XS1558078496"/>
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        <balance>7471000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-01-31</maturityDt>
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          <annualizedRt>8.50000000</annualizedRt>
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        <name>Republic of Panama</name>
        <lei>549300SHS4T08CL0LP14</lei>
        <title>Republic of Panama</title>
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          <isin value="US698299BT07"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1313900.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lebanese Republic</name>
        <lei>529900QPC4K9S1KHL354</lei>
        <title>Lebanese Republic</title>
        <cusip>N/A</cusip>
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          <isin value="XS0493540297"/>
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        <balance>12567000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>860839.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-03-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dominican Republic</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="USP3579ECP09"/>
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        <curCd>USD</curCd>
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        <invCountry>DO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Oriental Republic of Uruguay</name>
        <lei>549300RDR012H2V82H43</lei>
        <title>Oriental Republic of Uruguay</title>
        <cusip>917288BM3</cusip>
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          <isin value="US917288BM35"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-21</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Republic of Nigeria</name>
        <lei>549300GSBZD84TNEQ285</lei>
        <title>Federal Republic of Nigeria</title>
        <cusip>N/A</cusip>
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          <isin value="XS2384698994"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2663820.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NG</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-28</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Raizen Fuels Finance SA</name>
        <lei>52990010NH26VC32Q522</lei>
        <title>Raizen Fuels Finance SA</title>
        <cusip>75102XAB2</cusip>
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          <isin value="US75102XAB29"/>
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        <balance>1986000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2010050.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-05</maturityDt>
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          <annualizedRt>6.45000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Democratic Socialist Republic of Sri Lanka</name>
        <lei>254900HXCCIOHM74FA02</lei>
        <title>Democratic Socialist Republic of Sri Lanka</title>
        <cusip>N/A</cusip>
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          <isin value="USY8137FAN88"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2300440.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>LK</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.85000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pertamina Persero PT</name>
        <lei>254900NDAKGNZ2IBBL45</lei>
        <title>Pertamina Persero PT</title>
        <cusip>69370RAF4</cusip>
        <identifiers>
          <isin value="US69370RAF47"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>529687.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-21</maturityDt>
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          <annualizedRt>3.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Republic of Cote d'Ivoire</name>
        <lei>254900ICW11T82O6H590</lei>
        <title>Republic of Cote d'Ivoire</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1196517434"/>
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        <balance>2400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2335944.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CI</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Republic of Ghana</name>
        <lei>213800PP4399SNNXZ126</lei>
        <title>Republic of Ghana</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2115141751"/>
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        <balance>3200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1647328.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Arab Republic of Egypt</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2176897754"/>
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        <balance>6100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5217025.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Republic of Turkiye (The)</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
        <title>Republic of Turkiye (The)</title>
        <cusip>900123CB4</cusip>
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          <isin value="US900123CB40"/>
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        <balance>6400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4492800.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-04-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bolivarian Republic of Venezuela</name>
        <lei>529900XM8PJTJK5OJI77</lei>
        <title>Bolivarian Republic of Venezuela</title>
        <cusip>N/A</cusip>
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          <isin value="USP17625AC16"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>354350.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>VE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Republic of Panama</name>
        <lei>549300SHS4T08CL0LP14</lei>
        <title>Republic of Panama</title>
        <cusip>698299BS2</cusip>
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          <isin value="US698299BS24"/>
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        <balance>2600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1637187.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kingdom of Bahrain</name>
        <lei>549300RODM1WN85LFQ95</lei>
        <title>Kingdom of Bahrain</title>
        <cusip>05675M2L7</cusip>
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          <isin value="US05675M2L78"/>
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        <balance>3900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3978000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Finance Department Government of Sharjah</name>
        <lei>254900ZNL8O3F1CLJO24</lei>
        <title>Finance Department Government of Sharjah</title>
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        <identifiers>
          <isin value="XS2302929810"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1661740.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-10</maturityDt>
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          <annualizedRt>3.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
        <cusip>71654QCB6</cusip>
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          <isin value="US71654QCB68"/>
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        <balance>3244000.00000000</balance>
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        <valUSD>3164197.60000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Bolivarian Republic of Venezuela</name>
        <lei>529900XM8PJTJK5OJI77</lei>
        <title>Bolivarian Republic of Venezuela</title>
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          <isin value="XS0217249126"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>190800.00000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>VE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.65000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bermuda</name>
        <lei>549300FP5PUZXX9FVJ40</lei>
        <title>Bermuda Government Bond</title>
        <cusip>085209AJ3</cusip>
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          <isin value="US085209AJ33"/>
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        <balance>1232000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1184260.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mexico City Airport Trust</name>
        <lei>N/A</lei>
        <title>Mexico City Airport Trust</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP6629MAB83"/>
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        <balance>2100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1779750.00000000</valUSD>
        <pctVal>0.192893706581</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Republic of Colombia</name>
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        <name>Republic of Zambia</name>
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          <maturityDt>2031-01-14</maturityDt>
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        <invCountry>PE</invCountry>
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        <name>Gabonese Republic</name>
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        <name>DP World Ltd.</name>
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        <invCountry>AO</invCountry>
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        <name>Democratic Socialist Republic of Sri Lanka</name>
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        <invCountry>LK</invCountry>
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        <name>Republic of Indonesia</name>
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        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Costa Rica</name>
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        <name>Federative Republic of Brazil</name>
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        <name>Serbia International Bond</name>
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        <name>Republic of Colombia</name>
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        <name>Cometa Energia SA de CV</name>
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        <name>GNL Quintero SA</name>
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        <name>Dominican Republic</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Empresa Nacional del Petroleo</name>
        <lei>549300YP3P0JZBLIV197</lei>
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          <isin value="US29245JAM45"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State Oil Co. of the Azerbaijan Republic</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Benin Government International Bond</name>
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          <isin value="XS2759982064"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State Oil Co. of the Azerbaijan Republic</name>
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          <isin value="XS1196496688"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-18</maturityDt>
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      <invstOrSec>
        <name>Suriname Government International Bond</name>
        <lei>254900SYU4G5JM13TN77</lei>
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        <cusip>N/A</cusip>
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          <isin value="USP68788AD37"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-12-31</maturityDt>
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        <name>Pertamina Persero PT</name>
        <lei>254900NDAKGNZ2IBBL45</lei>
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          <isin value="US69370RAE71"/>
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        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-07-30</maturityDt>
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      <invstOrSec>
        <name>Republic of South Africa</name>
        <lei>378900AAFB4F17004C49</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Dominican Republic</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="USP3579ECJ49"/>
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        <balance>4800000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-21</maturityDt>
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          <annualizedRt>5.30000000</annualizedRt>
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      <invstOrSec>
        <name>Republic of Guatemala</name>
        <lei>529900QKDFFU9UWW5315</lei>
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        <invCountry>GT</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-07</maturityDt>
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          <annualizedRt>3.70000000</annualizedRt>
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        <name>Republic of Cote d'Ivoire</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-30</maturityDt>
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        <name>Empresa de los Ferrocarriles del Estado</name>
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        <invCountry>CL</invCountry>
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          <maturityDt>2061-09-14</maturityDt>
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        <name>Kingdom of Bahrain</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-25</maturityDt>
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        <name>Pertamina Persero PT</name>
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          <maturityDt>2041-05-27</maturityDt>
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        <name>Romania</name>
        <lei>315700IASY927EDWBK92</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-01-17</maturityDt>
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          <annualizedRt>7.62500000</annualizedRt>
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        <name>Democratic Socialist Republic of Sri Lanka</name>
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        <name>State of Qatar</name>
        <lei>52990074F6OJOAXK4P65</lei>
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        <invCountry>QA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-04-16</maturityDt>
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          <annualizedRt>4.40000000</annualizedRt>
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        <name>Corp. Nacional del Cobre de Chile</name>
        <lei>549300UVMBCBCIPSUI70</lei>
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        <balance>1111000.00000000</balance>
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        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-01</maturityDt>
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        <name>Alfa Desarrollo SpA</name>
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        <name>Republic of Turkiye (The)</name>
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        <name>Argentine Republic (The)</name>
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        <name>Republic of Turkiye (The)</name>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Banco Mercantil del Norte SA</name>
        <lei>549300QTVYRPFHS0J362</lei>
        <title>Banco Mercantil del Norte SA</title>
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          <isin value="USP1400MAB48"/>
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        <balance>2400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2351250.00000000</valUSD>
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        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>7.50000000</annualizedRt>
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          <isContngtConvrtbl>Y</isContngtConvrtbl>
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            <dbtSecRefInstrument>
              <name>N/A</name>
              <title>N/A</title>
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          <currencyInfos>
            <currencyInfo convRatio="N/A" curCd="USD"/>
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          <delta>XXXX</delta>
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      <invstOrSec>
        <name>Republic of Panama</name>
        <lei>549300SHS4T08CL0LP14</lei>
        <title>Republic of Panama</title>
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          <isin value="US698299BL70"/>
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        <balance>2645000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1486985.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-07-23</maturityDt>
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          <annualizedRt>3.87000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Sedol" value="UXYU4CM"/>
          <other otherDesc="Future Ticker" value="UXYU4 Comdty"/>
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        <curCd>USD</curCd>
        <valUSD>3304.05000000</valUSD>
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        <assetCat>DIR</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>CME Clearing House</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>United States of America</issuerName>
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                  <ticker value="UXYU4 Comdty"/>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Petroleos de Venezuela SA</name>
        <lei>549300YWR8TN1OFD4P06</lei>
        <title>Petroleos de Venezuela SA</title>
        <cusip>N/A</cusip>
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          <isin value="USP7807HAV70"/>
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        <balance>1122500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>855906.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>VE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-10-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hashemite Kingdom of Jordan</name>
        <lei>5493000JZ4MYPVMBVN50</lei>
        <title>Hashemite Kingdom of Jordan</title>
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          <isin value="XS2199272662"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1288364.00000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>JO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-07</maturityDt>
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          <annualizedRt>5.85000000</annualizedRt>
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      <invstOrSec>
        <name>Republic of Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Republic of Colombia</title>
        <cusip>195325DS1</cusip>
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          <isin value="US195325DS19"/>
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        <balance>2300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1799750.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Republic of Panama</name>
        <lei>549300SHS4T08CL0LP14</lei>
        <title>Republic of Panama</title>
        <cusip>698299BK9</cusip>
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          <isin value="US698299BK97"/>
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        <balance>2400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2002805.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.16000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AI Candelaria Spain SA</name>
        <lei>213800L5KA2MJ5FKRZ02</lei>
        <title>AI Candelaria Spain SA</title>
        <cusip>00870WAA4</cusip>
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          <isin value="US00870WAA45"/>
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        <balance>3640000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2875600.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mexico City Airport Trust</name>
        <lei>N/A</lei>
        <title>Mexico City Airport Trust</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP6629MAC66"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1124625.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>Perusahaan Perseroan Persero PT Perusahaan Listrik Negara</name>
        <lei>254900OYVDRYS9J51J61</lei>
        <title>Perusahaan Perseroan Persero PT Perusahaan Listrik Negara</title>
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        <curCd>USD</curCd>
        <valUSD>828886.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Trinidad Generation UnLtd</name>
        <lei>N/A</lei>
        <title>Trinidad Generation UnLtd</title>
        <cusip>N/A</cusip>
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          <isin value="USP9400VAA90"/>
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        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>777750.00000000</valUSD>
        <pctVal>0.084294468489</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TT</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hashemite Kingdom of Jordan</name>
        <lei>5493000JZ4MYPVMBVN50</lei>
        <title>Hashemite Kingdom of Jordan</title>
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          <isin value="XS1405770220"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>580320.00000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>JO</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Gaci First Investment Co.</name>
        <lei>558600TU1PWGNLZ3XM88</lei>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-13</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Republic of Nigeria</name>
        <lei>549300GSBZD84TNEQ285</lei>
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        <balance>4919000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>NG</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-11-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
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      <invstOrSec>
        <name>Romania</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>Romania Government Bond</title>
        <cusip>77586RAQ3</cusip>
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          <isin value="US77586RAQ39"/>
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        <balance>2200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2245936.00000000</valUSD>
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        <invCountry>RO</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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        <name>Republic of Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>Republic of Indonesia</title>
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          <isin value="USY20721AE96"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2265948.00000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
        <cusip>71654QCK6</cusip>
        <identifiers>
          <isin value="US71654QCK67"/>
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        <balance>3800000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>MDGH GMTN RSC Ltd.</name>
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          <isin value="XS2348658035"/>
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        <name>Corp. Financiera de Desarrollo SA</name>
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        <name>Petroleos Mexicanos</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oriental Republic of Uruguay</name>
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          <isin value="USP80557BV53"/>
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        <invCountry>UY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OCP SA</name>
        <lei>213800D26TAPVTCVWG40</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Tunisian Republic</name>
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        <invCountry>TN</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-15</maturityDt>
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      <invstOrSec>
        <name>Hungary</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>Hungary Government Bond</title>
        <cusip>445545AT3</cusip>
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          <isin value="US445545AT30"/>
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        <balance>796000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>845407.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-25</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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        <name>Islamic Republic of Pakistan</name>
        <lei>529900LOP29R5WKHOD86</lei>
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        <valUSD>633281.25000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-08</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>Republic of Ecuador</name>
        <lei>5299003Y2U5XK0A35H71</lei>
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        <valUSD>729535.71000000</valUSD>
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        <invCountry>EC</invCountry>
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          <maturityDt>2030-07-31</maturityDt>
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          <annualizedRt>6.00000120</annualizedRt>
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        <name>Republic of Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
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          <isin value="US195325DR36"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
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          <maturityDt>2030-01-30</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Republic of Chile</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2061-01-22</maturityDt>
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          <annualizedRt>3.10000000</annualizedRt>
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        <invCountry>AO</invCountry>
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          <maturityDt>2029-11-26</maturityDt>
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        <name>Vnesheconombank Via VEB Finance plc</name>
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        <name>Hungary</name>
        <lei>5299003F3UFKGCCMAP43</lei>
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          <maturityDt>2031-09-22</maturityDt>
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        <name>Romania</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>Romania Government Bond</title>
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        <name>Republic of Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Republic of Colombia</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-30</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Corp. Nacional del Cobre de Chile</name>
        <lei>549300UVMBCBCIPSUI70</lei>
        <title>Corp. Nacional del Cobre de Chile</title>
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          <isin value="USP3143NBP89"/>
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        <balance>500000.00000000</balance>
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        <invCountry>CL</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>Jamaica</name>
        <lei>529900Y93KNSXZI8KK56</lei>
        <title>Jamaica Government Bond</title>
        <cusip>470160CB6</cusip>
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          <isin value="US470160CB63"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>232000.00000000</valUSD>
        <pctVal>0.025144733769</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-07-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Aeropuerto Internacional de Tocumen SA</name>
        <lei>254900FO1PHX49ZIGB14</lei>
        <title>Aeropuerto Internacional de Tocumen SA</title>
        <cusip>00787CAD4</cusip>
        <identifiers>
          <isin value="US00787CAD48"/>
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        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>594752.00000000</valUSD>
        <pctVal>0.064460692668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
        <cusip>71654QDD1</cusip>
        <identifiers>
          <isin value="US71654QDD16"/>
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        <balance>1900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1379210.00000000</valUSD>
        <pctVal>0.149482190787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.69000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kingdom of Bahrain</name>
        <lei>549300RODM1WN85LFQ95</lei>
        <title>Kingdom of Bahrain</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1405766541"/>
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        <balance>4660000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4798588.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bioceanico Sovereign Certificate Ltd.</name>
        <lei>N/A</lei>
        <title>Bioceanico Sovereign Certificate Ltd.</title>
        <cusip>09076AAA5</cusip>
        <identifiers>
          <isin value="US09076AAA51"/>
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        <balance>7885153.47180000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5884295.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-05</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dominican Republic</name>
        <lei>N/A</lei>
        <title>Dominican Republic Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP3579ECB13"/>
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        <balance>9906000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9831705.00000000</valUSD>
        <pctVal>1.065584503140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Republic of Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Republic of Colombia</title>
        <cusip>195325EF8</cusip>
        <identifiers>
          <isin value="US195325EF88"/>
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        <balance>4500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4632750.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bolivarian Republic of Venezuela</name>
        <lei>529900XM8PJTJK5OJI77</lei>
        <title>Bolivarian Republic of Venezuela</title>
        <cusip>922646BL7</cusip>
        <identifiers>
          <isin value="US922646BL74"/>
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        <balance>1312000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>242720.00000000</valUSD>
        <pctVal>0.026306593881</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>VE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.37500000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Republic of the Philippines</name>
        <lei>529900RAHBALMYIJ3T08</lei>
        <title>Republic of Philippines</title>
        <cusip>718286CR6</cusip>
        <identifiers>
          <isin value="US718286CR66"/>
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        <balance>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1585687.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.55600000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Republic of the Philippines</name>
        <lei>529900RAHBALMYIJ3T08</lei>
        <title>Republic of Philippines</title>
        <cusip>718286CU9</cusip>
        <identifiers>
          <isin value="US718286CU95"/>
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        <balance>4700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4890937.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-10-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Republic of El Salvador</name>
        <lei>529900AKDMUSFSDOM949</lei>
        <title>Republic of El Salvador</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP01012CC84"/>
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        <balance>1738000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1354553.75000000</valUSD>
        <pctVal>0.146809885434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SV</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Banque Ouest Africaine de Developpement</name>
        <lei>529900LIZJABE4JJS826</lei>
        <title>Banque Ouest Africaine de Developpement</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2288825263"/>
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        <balance>361000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92161651"/>
        <valUSD>306507.64000000</valUSD>
        <pctVal>0.033220056061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TG</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Republic of South Africa</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>Republic of South Africa</title>
        <cusip>836205AS3</cusip>
        <identifiers>
          <isin value="US836205AS32"/>
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        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>646740.00000000</valUSD>
        <pctVal>0.070095280682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Magyar Export-Import Bank Zrt.</name>
        <lei>529900O4UGETQ9Q3AA63</lei>
        <title>Magyar Export-Import Bank Zrt.</title>
        <cusip>55977YAA6</cusip>
        <identifiers>
          <isin value="US55977YAA64"/>
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        <balance>1620000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1628618.40000000</valUSD>
        <pctVal>0.176513690002</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury Ultra Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="WNU4COM"/>
          <other otherDesc="Future Ticker" value="WNU4 Comdty"/>
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        <balance>191.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-212913.08000000</valUSD>
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        <assetCat>DIR</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>CME Clearing House</counterpartyName>
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                <issuerName>United States of America</issuerName>
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                  <ticker value="WNU4 Comdty"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Republic of Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Republic of Colombia</title>
        <cusip>195325EG6</cusip>
        <identifiers>
          <isin value="US195325EG61"/>
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        <balance>1003000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>993973.00000000</valUSD>
        <pctVal>0.107729251980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Petroleos de Venezuela SA</name>
        <lei>549300YWR8TN1OFD4P06</lei>
        <title>Petroleos de Venezuela SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP7807HAR68"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>180000.00000000</valUSD>
        <pctVal>0.019508845166</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>VE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
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        <name>Federative Republic of Brazil</name>
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        <name>Republic of Ghana</name>
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        <name>Empresa de los Ferrocarriles del Estado</name>
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        <name>Federative Republic of Brazil</name>
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        <name>N/A</name>
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        <name>Corp. Nacional del Cobre de Chile</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of Cote d'Ivoire</name>
        <lei>254900ICW11T82O6H590</lei>
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          <isin value="US221625AU01"/>
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        <valUSD>4860277.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CI</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-30</maturityDt>
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      <invstOrSec>
        <name>Republic of Kenya</name>
        <lei>549300VVURQQYU45PR87</lei>
        <title>Republic of Kenya</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-22</maturityDt>
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      <invstOrSec>
        <name>Emirate of Dubai United Arab Emirates</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="49453421"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Islamic Republic of Pakistan</name>
        <lei>529900LOP29R5WKHOD86</lei>
        <title>Islamic Republic of Pakistan</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2322319398"/>
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        <curCd>USD</curCd>
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        <invCountry>PK</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-08</maturityDt>
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      <invstOrSec>
        <name>Corp. Nacional del Cobre de Chile</name>
        <lei>549300UVMBCBCIPSUI70</lei>
        <title>Corp. Nacional del Cobre de Chile</title>
        <cusip>N/A</cusip>
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          <isin value="USP3143NBP89"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>846000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-02</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>Bolivarian Republic of Venezuela</name>
        <lei>529900XM8PJTJK5OJI77</lei>
        <title>Bolivarian Republic of Venezuela</title>
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          <isin value="USP17625AB33"/>
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        <balance>1080000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>183600.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>VE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-07</maturityDt>
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          <annualizedRt>9.25000000</annualizedRt>
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        <name>Republic of Costa Rica</name>
        <lei>549300S1EK2VN6XVJP58</lei>
        <title>Republic of Costa Rica</title>
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          <isin value="USP3699PGH49"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2032000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>CR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-04-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <name>Republic of Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>Republic of Indonesia</title>
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        <curCd>USD</curCd>
        <valUSD>3926250.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>Federal Republic of Nigeria</name>
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        <invCountry>NG</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-28</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>Corp. Nacional del Cobre de Chile</name>
        <lei>549300UVMBCBCIPSUI70</lei>
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          <isin value="USP3143NAH72"/>
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        <invCountry>CL</invCountry>
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          <maturityDt>2036-10-24</maturityDt>
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        <name>Bolivarian Republic of Venezuela</name>
        <lei>529900XM8PJTJK5OJI77</lei>
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          <isin value="USP97475AP55"/>
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        <name>Republic of Angola</name>
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        <invCountry>AO</invCountry>
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        <name>Republic of the Philippines</name>
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        <name>Oman Government International Bond</name>
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        <title>Sultanate of Oman Government Bond</title>
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        <invCountry>OM</invCountry>
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          <maturityDt>2047-03-08</maturityDt>
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        <name>Comision Federal de Electricidad</name>
        <lei>4469000001BFPONMPF32</lei>
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          <isin value="US200447AH32"/>
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        <curCd>USD</curCd>
        <valUSD>3067803.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-09</maturityDt>
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          <annualizedRt>3.34800000</annualizedRt>
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      <invstOrSec>
        <name>Istanbul Metropolitan Municipality</name>
        <lei>213800T1VDQSNKA2MD76</lei>
        <title>Istanbul Metropolitan Municipality</title>
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          <isin value="US46522TAA60"/>
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        <balance>2400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2355816.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-09</maturityDt>
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          <annualizedRt>6.37500000</annualizedRt>
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      <invstOrSec>
        <name>Republic of Peru</name>
        <lei>254900STKLK2DBJJZ530</lei>
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        <invCountry>PE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of Senegal</name>
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        <invCountry>SN</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Islamic Republic of Pakistan</name>
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        <name>Republic of Guatemala</name>
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        <name>Hashemite Kingdom of Jordan</name>
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        <name>Arab Republic of Egypt</name>
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        <name>Romania</name>
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        <name>Argentine Republic (The)</name>
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        <name>MV24 Capital BV</name>
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        <name>Kingdom of Bahrain</name>
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        <name>Ecopetrol SA</name>
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        <name>N/A</name>
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        <name>Braskem Idesa SAPI</name>
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        <name>Republic of Poland</name>
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        <name>Romania</name>
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        <name>Ukraine</name>
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        <invCountry>UA</invCountry>
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        <name>Kingdom of Saudi Arabia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Petroleos de Venezuela SA</name>
        <lei>549300YWR8TN1OFD4P06</lei>
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          <isin value="USP7807HAP03"/>
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        <valUSD>187995.00000000</valUSD>
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        <invCountry>VE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-11-17</maturityDt>
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          <annualizedRt>9.00000000</annualizedRt>
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      <invstOrSec>
        <name>MDGH GMTN RSC Ltd.</name>
        <lei>213800WRY6FRL9IXLT77</lei>
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          <isin value="US55276VAJ17"/>
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        <invCountry>AE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Kenya</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-28</maturityDt>
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          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>Lebanese Republic</name>
        <lei>529900QPC4K9S1KHL354</lei>
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          <isin value="XS1313675974"/>
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        <curCd>USD</curCd>
        <valUSD>513476.00000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>LB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-03</maturityDt>
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          <annualizedRt>6.65000000</annualizedRt>
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        <name>Republic of Namibia</name>
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          <isin value="XS1311099540"/>
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        <curCd>USD</curCd>
        <valUSD>1872222.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-29</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Republic of Angola</name>
        <lei>549300QHR2R3J8JSGK83</lei>
        <title>Republic of Angola</title>
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          <isin value="XS2083302500"/>
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        <curCd>USD</curCd>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>AO</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-26</maturityDt>
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        <name>Republic of Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Republic of Colombia</title>
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          <isin value="US195325DQ52"/>
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        <curCd>USD</curCd>
        <valUSD>80385.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>Hungary</name>
        <lei>5299003F3UFKGCCMAP43</lei>
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        <cusip>N/A</cusip>
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          <isin value="XS2574267345"/>
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        <balance>3400000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-25</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Republic of Senegal</name>
        <lei>549300NP14ZLQGWIUZ97</lei>
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          <isin value="XS1619155564"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SN</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-23</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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        <name>Southern Gas Corridor CJSC</name>
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          <isin value="XS1319820897"/>
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        <valUSD>904608.00000000</valUSD>
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        <invCountry>AZ</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Bolivarian Republic of Venezuela</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Romania</name>
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        <curCd>USD</curCd>
        <valUSD>524390.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-17</maturityDt>
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        <name>NPC Ukrenergo</name>
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        <invCountry>UA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Fondo MIVIVIENDA SA</name>
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        <invCountry>PE</invCountry>
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        <name>Petroleos de Venezuela SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Guara Norte SARL</name>
        <lei>549300U2I4L03BBA3485</lei>
        <title>Guara Norte SARL</title>
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        <curCd>USD</curCd>
        <valUSD>2671727.19000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-06-15</maturityDt>
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      <invstOrSec>
        <name>Bolivarian Republic of Venezuela</name>
        <lei>529900XM8PJTJK5OJI77</lei>
        <title>Bolivarian Republic of Venezuela</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>VE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-21</maturityDt>
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        <name>Network i2i Ltd.</name>
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        <name>Istanbul Metropolitan Municipality</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Romania</name>
        <lei>315700IASY927EDWBK92</lei>
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        <cusip>N/A</cusip>
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          <isin value="XS2258398911"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of Ghana</name>
        <lei>213800PP4399SNNXZ126</lei>
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          <isin value="XS1821416234"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>7.62500000</annualizedRt>
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      <invstOrSec>
        <name>AI Candelaria Spain SA</name>
        <lei>213800L5KA2MJ5FKRZ02</lei>
        <title>AI Candelaria Spain SA</title>
        <cusip>N/A</cusip>
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          <isin value="USE0R75QAA61"/>
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        <balance>705373.80200000</balance>
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        <curCd>USD</curCd>
        <valUSD>686196.45000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-15</maturityDt>
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          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>United Mexican States</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>United Mexican States</title>
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          <isin value="US91087BBA70"/>
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        <balance>6200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5955100.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40000000</annualizedRt>
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      <invstOrSec>
        <name>Federative Republic of Brazil</name>
        <lei>254900ZFY40OYEADAP90</lei>
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        <cusip>105756CA6</cusip>
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          <isin value="US105756CA66"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>561300.00000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Republic of Nigeria</name>
        <lei>549300GSBZD84TNEQ285</lei>
        <title>Federal Republic of Nigeria</title>
        <cusip>N/A</cusip>
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          <isin value="XS1777972941"/>
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        <balance>2200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1740024.00000000</valUSD>
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        <invCountry>NG</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-02-23</maturityDt>
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          <annualizedRt>7.69600000</annualizedRt>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
        <cusip>71654QCG5</cusip>
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          <isin value="US71654QCG55"/>
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        <balance>6019000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5678324.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Republic of Montenegro</name>
        <lei>747800V014106FYLL014</lei>
        <title>Republic of Montenegro</title>
        <cusip>857305AA4</cusip>
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          <isin value="US857305AA45"/>
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        <balance>4427000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4453296.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ME</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Romania</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>Romania Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2434895988"/>
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        <balance>4830000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4474270.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Romania</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>Romania Government Bond</title>
        <cusip>77586RAS9</cusip>
        <identifiers>
          <isin value="US77586RAS94"/>
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        <balance>794000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>861172.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-01-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
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        <name>Ecopetrol SA</name>
        <lei>254900IDGKCJICKBPA66</lei>
        <title>Ecopetrol SA</title>
        <cusip>279158AL3</cusip>
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          <isin value="US279158AL39"/>
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        <balance>652000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>637167.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Sedol" value="TUU4COM"/>
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        <balance>562.00000000</balance>
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              <counterpartyName>CME Clearing House</counterpartyName>
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        <name>Republic of South Africa</name>
        <lei>378900AAFB4F17004C49</lei>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Nacional de Comercio Exterior SNC</name>
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        <curCd>USD</curCd>
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          <maturityDt>2031-08-11</maturityDt>
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          <annualizedRt>2.72000000</annualizedRt>
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        <name>Banco del Estado de Chile</name>
        <lei>5493004R4EJC0W0XVQ72</lei>
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        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-02</maturityDt>
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          <annualizedRt>7.95000000</annualizedRt>
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        <name>Hungary</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>Hungary Government Bond</title>
        <cusip>445545AN6</cusip>
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          <isin value="US445545AN69"/>
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        <balance>2194000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1364031.74000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-21</maturityDt>
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          <annualizedRt>3.12500000</annualizedRt>
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        <name>Eskom Holdings SOC Ltd.</name>
        <lei>3789001900ED06F65111</lei>
        <title>Eskom Holdings SOC Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="XS1864523300"/>
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        <balance>3300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3159750.00000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-10</maturityDt>
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          <annualizedRt>6.35000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federative Republic of Brazil</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>Federative Republic of Brazil</title>
        <cusip>105756CJ7</cusip>
        <identifiers>
          <isin value="US105756CJ75"/>
        </identifiers>
        <balance>1400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1367100.00000000</valUSD>
        <pctVal>0.148169679037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Republic of Panama</name>
        <lei>549300SHS4T08CL0LP14</lei>
        <title>Republic of Panama</title>
        <cusip>698299BN3</cusip>
        <identifiers>
          <isin value="US698299BN37"/>
        </identifiers>
        <balance>2800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1998500.00000000</valUSD>
        <pctVal>0.216602372582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25200000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>








    </explntrNotes>
    <signature>
      <ncom:dateSigned>2024-07-01</ncom:dateSigned>
      <ncom:nameOfApplicant>JPMorgan Trust I</ncom:nameOfApplicant>
      <ncom:signature>Timothy J. Clemens</ncom:signature>
      <ncom:signerName>Timothy J. Clemens</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
