NPORT-EX 2 NPORT_IE1Y_52273760_0923.htm
EMERGING
MARKETS
BOND
FUND
SCHEDULE
OF
INVESTMENTS
September
30,
2023
(unaudited)
1
Par
(000's)
Value
CORPORATE
BONDS
:
29.2%
Argentina
:
0.5%
YPF
SA
144A
9.00%,
02/12/26 (s)
USD
56‌
$
54,021‌
YPF
SA
Reg
S
8.50%,
07/28/25
USD
298‌
267,457‌
9.00%,
02/12/26 (s)
USD
90‌
87,126‌
408,604‌
Bahrain
:
0.8%
Oil
and
Gas
Holding
Co.
BSCC
Reg
S
7.50%,
10/25/27
USD
601‌
612,221‌
Underline
Brazil
:
2.4%
CSN
Inova
Ventures
Reg
S
6.75%,
01/28/28
USD
737‌
682,569‌
Petrobras
Global
Finance
BV
6.00%,
01/27/28
USD
1,182‌
1,174,422‌
1,856,991‌
British
Virgin
Islands
:
0.2%
Sino-Ocean
Land
Treasure
Finance
I
Ltd.
Reg
S
6.00%,
07/30/24
USD
3,005‌
196,827‌
Underline
Cayman
Islands
:
2.1%
CK
Hutchison
Europe
Finance
21
Ltd.
Reg
S
1.00%,
11/02/33
EUR
901‌
672,917‌
EDO
Sukuk
Ltd.
144A
5.88%,
09/21/33
USD
407‌
402,613‌
Siam
Commercial
Bank
PCL
Reg
S
4.40%,
02/11/29
USD
613‌
577,020‌
1,652,550‌
Chile
:
1.5%
Cencosud
SA
Reg
S
4.38%,
07/17/27
USD
629‌
578,724‌
Colbun
SA
Reg
S
3.95%,
10/11/27
USD
629‌
581,366‌
1,160,090‌
China
:
1.1%
Country
Garden
Holdings
Co.
Ltd.
Reg
S
5.12%,
01/17/25
USD
1,298‌
90,860‌
6.50%,
04/08/24
USD
1,386‌
101,220‌
Longfor
Group
Holdings
Ltd.
Reg
S
3.85%,
01/13/32
USD
200‌
85,024‌
3.95%,
09/16/29
USD
446‌
216,331‌
4.50%,
01/16/28
USD
708‌
400,063‌
893,498‌
Colombia
:
0.7%
Ecopetrol
SA
8.88%,
01/13/33
USD
579‌
566,055‌
Underline
Hong
Kong
:
2.2%
Fortune
Star
BVI
Ltd.
Reg
S
5.00%,
05/18/26
USD
433‌
305,373‌
5.05%,
01/27/27
USD
456‌
295,990‌
Huarong
Finance
2017
Co.
Ltd.
Reg
S
Par
(000’s)
Value
Hong
Kong
(continued)
4.75%,
04/27/27
USD
489‌
$
419,430‌
Vanke
Real
Estate
Hong
Kong
Co.
Ltd.
Reg
S
3.98%,
11/09/27
USD
354‌
249,609‌
Yanlord
Land
HK
Co.
Ltd.
Reg
S
5.12%,
05/20/26
USD
756‌
444,415‌
1,714,817‌
India
:
1.5%
Adani
Renewable
Energy
RJ
Ltd./
Kodangal
Solar
Parks
Pvt
Ltd.
/
Wardha
Solar
Maharashtra
144A
4.62%,
10/15/39
USD
484‌
353,282‌
Adani
Renewable
Energy
RJ
Ltd./
Kodangal
Solar
Parks
Pvt
Ltd.
/
Wardha
Solar
Maharashtra
Reg
S
4.63%,
10/15/39
USD
506‌
369,518‌
JSW
Hydro
Energy
Ltd.
Reg
S
4.12%,
05/18/31
USD
593‌
493,954‌
1,216,754‌
Indonesia
:
0.7%
Star
Energy
Geothermal
Darajat
II
/
Star
Energy
Geothermal
Salak
Reg
S
4.85%,
10/14/38
USD
325‌
277,369‌
Star
Energy
Geothermal
Wayang
Windu
Ltd.
Reg
S
6.75%,
04/24/33
USD
264‌
254,638‌
532,007‌
Luxembourg
:
0.4%
Minerva
Luxembourg
SA
Reg
S
4.38%,
03/18/31
USD
408‌
316,058‌
Underline
Mauritius
:
0.6%
India
Clean
Energy
Holdings
144A
4.50%,
04/18/27
USD
68‌
56,519‌
India
Clean
Energy
Holdings
Reg
S
4.50%,
04/18/27 †
USD
521‌
433,038‌
489,557‌
Mexico
:
4.8%
Corp.
GEO
SAB
de
CV
Reg
S
9.25%,
06/30/20 (d)
*
USD
380‌
8‌
Petroleos
Mexicanos
6.49%,
01/23/27
USD
2,292‌
2,031,915‌
6.84%,
01/23/30
USD
2,250‌
1,759,823‌
3,791,746‌
Nigeria
:
0.7%
SEPLAT
Energy
Plc
144A
7.75%,
04/01/26
USD
629‌
538,078‌
Underline
Qatar
:
1.3%
Nakilat
,
Inc.
Reg
S
6.07%,
12/31/33
USD
485‌
492,026‌
Qatar
Petroleum
144A
EMERGING
MARKETS
BOND
FUND
SCHEDULE
OF
INVESTMENTS
(unaudited)
(continued)
2
Par
(000’s)
Value
Qatar
(continued)
2.25%,
07/12/31
USD
621‌
$
498,862‌
990,888‌
Singapore
:
1.9%
Continuum
Energy
Aura
Pte
Ltd.
144A
9.50%,
02/24/27
USD
162‌
161,846‌
Medco
Laurel
Tree
Pte
Ltd.
Reg
S
6.95%,
11/12/28
USD
735‌
680,526‌
SingTel
Group
Treasury
Pte
Ltd.
Reg
S
1.88%,
06/10/30
USD
277‌
222,830‌
2.38%,
08/28/29
USD
490‌
416,967‌
1,482,169‌
Thailand
:
0.7%
GC
Treasury
Center
Co.
Ltd.
Reg
S
4.40%,
03/30/32
USD
603‌
515,719‌
Underline
Turkey
:
0.9%
WE
Soda
Investments
Holdings
Plc
144A
9.50%,
10/06/28
USD
705‌
712,050‌
Underline
United
Arab
Emirates
:
1.0%
Abu
Dhabi
National
Energy
Co.
PJSC
144A
4.70%,
04/24/33
USD
827‌
788,569‌
Underline
United
Kingdom
:
1.6%
AngloGold
Ashanti
Holdings
Plc
3.38%,
11/01/28
USD
682‌
574,310‌
Endeavor
Mining
Plc
Reg
S
5.00%,
10/14/26
USD
725‌
648,875‌
1,223,185‌
United
States
:
1.6%
AES
Panama
Generation
Holdings
SRL
Reg
S
4.38%,
05/31/30
USD
759‌
647,325‌
Kosmos
Energy
Ltd.
Reg
S
7.12%,
04/04/26
USD
168‌
158,341‌
Stillwater
Mining
Co.
Reg
S
4.50%,
11/16/29
USD
590‌
455,217‌
1,260,883‌
Total
Corporate
Bonds
(Cost:
$24,984,904)
22,919,316‌
GOVERNMENT
OBLIGATIONS
:
56.3%
Argentina
:
1.6%
Argentine
Republic
Government
International
Bond
0.50%,
07/09/30 (s)
USD
1,886‌
538,423‌
2.50%,
07/09/41 (s)
USD
2,270‌
585,894‌
Provincia
de
Buenos
Aires
Reg
S
4.50%,
09/01/37 (s)
USD
0‌
(e)
132‌
5.25%,
09/01/37 (s)
USD
525‌
172,801‌
1,297,250‌
Par
(000’s)
Value
Bahrain
:
0.8%
Bahrain
Government
International
Bond
144A
7.75%,
04/18/35
USD
645‌
$
645,687‌
Underline
Brazil
:
4.9%
Brazil
Notas
do
Tesouro
Nacional,
Series
F
10.00%,
01/01/25
BRL
4,612‌
908,303‌
10.00%,
01/01/29
BRL
10,696‌
2,022,104‌
10.00%,
01/01/31
BRL
4,867‌
901,499‌
3,831,906‌
China
:
1.4%
Asian
Infrastructure
Investment
Bank
Reg
S
2.75%,
03/12/24
PHP
6,200‌
107,748‌
4.25%,
01/27/27
PHP
60,500‌
1,018,494‌
1,126,242‌
Colombia
:
0.9%
Colombia
Government
International
Bond
4.50%,
03/15/29 †
USD
807‌
704,955‌
Underline
Costa
Rica
:
0.4%
Costa
Rica
Government
International
Bond
Reg
S
6.12%,
02/19/31
USD
328‌
317,585‌
Underline
Czech
Republic
:
1.1%
Czech
Republic
Government
Bond
6.00%,
02/26/26
CZK
1,600‌
71,532‌
Czech
Republic
Government
Bond
Reg
S
1.00%,
06/26/26
CZK
4,210‌
164,620‌
2.40%,
09/17/25
CZK
14,370‌
591,378‌
827,530‌
Democratic
Republic
of
the
Congo
:
2.0%
Congolese
International
Bond
Reg
S
6.00%,
06/30/29 (s)
USD
1,899‌
1,545,765‌
Underline
Dominican
Republic
:
2.4%
Dominican
Republic
International
Bond
Reg
S
9.75%,
06/05/26
DOP
103,991‌
1,850,253‌
Underline
Ecuador
:
1.6%
Ecuador
Government
International
Bond
Reg
S
5.50%,
07/31/30 (s)
USD
2,467‌
1,266,560‌
Underline
Gabon
:
0.1%
Gabon
Government
International
Bond
144A
6.95%,
06/16/25
USD
66‌
59,070‌
Underline
Ghana
:
0.6%
Ghana
Government
International
Bond
Reg
S
8.75%,
03/11/61
USD
1,143‌
490,512‌
Underline
3
Par
(000’s)
Value
Hungary
:
1.0%
Hungary
Government
International
Bond
144A
6.13%,
05/22/28
USD
756‌
$
754,778‌
Underline
Indonesia
:
2.5%
Indonesia
Treasury
Bond
6.38%,
04/15/32
IDR
22,704,000‌
1,434,502‌
7.00%,
09/15/30
IDR
7,601,000‌
498,140‌
1,932,642‌
Israel
:
1.8%
Israel
Government
Bond
0.40%,
10/31/24
ILS
1,318‌
330,605‌
1.50%,
05/31/37
ILS
1,799‌
335,286‌
3.75%,
03/31/24
ILS
2,865‌
748,875‌
1,414,766‌
Ivory
Coast
:
0.1%
Ivory
Coast
Government
International
Bond
Reg
S
5.75%,
12/31/32 (s)
USD
86‌
76,589‌
Underline
Jamaica
:
0.3%
Jamaica
Government
International
Bond
7.62%,
07/09/25
USD
245‌
247,564‌
Underline
Jordan
:
0.4%
Jordan
Government
International
Bond
144A
4.95%,
07/07/25
USD
365‌
353,572‌
Underline
Kuwait
:
0.5%
Kuwait
International
Government
Bond
144A
3.50%,
03/20/27
USD
185‌
175,610‌
Kuwait
International
Government
Bond
Reg
S
3.50%,
03/20/27
USD
212‌
201,240‌
376,850‌
Malaysia
:
4.8%
Malaysia
Government
Bond
3.88%,
03/14/25
MYR
8,258‌
1,771,393‌
3.91%,
07/15/26
MYR
9,189‌
1,974,295‌
3,745,688‌
Mongolia
:
0.6%
Mongolia
Government
International
Bond
Reg
S
4.45%,
07/07/31
USD
626‌
484,054‌
Underline
Morocco
:
0.5%
Morocco
Government
International
Bond
Reg
S
2.00%,
09/30/30
EUR
500‌
426,129‌
Underline
Mozambique
:
1.5%
Mozambique
International
Bond
Reg
S
5.00%,
09/15/31 (s)
USD
1,525‌
1,204,422‌
Underline
Oman
:
0.8%
Oman
Government
International
Bond
144A
6.25%,
01/25/31 †
USD
148‌
146,494‌
Par
(000’s)
Value
Oman
(continued)
Oman
Government
International
Bond
Reg
S
6.25%,
01/25/31
USD
515‌
$
509,757‌
656,251‌
Paraguay
:
0.6%
Paraguay
Government
International
Bond
Reg
S
4.95%,
04/28/31
USD
477‌
442,598‌
Underline
Peru
:
3.9%
Peru
Government
Bond
5.40%,
08/12/34
PEN
9,938‌
2,241,957‌
6.15%,
08/12/32
PEN
3,391‌
833,893‌
3,075,850‌
Philippines
:
1.0%
Philippine
Government
International
Bond
6.25%,
01/14/36
PHP
44,973‌
763,007‌
Underline
Poland
:
1.6%
Republic
of
Poland
Government
International
Bond
5.50%,
11/16/27
USD
1,288‌
1,293,088‌
Underline
Romania
:
0.9%
Romania
Government
Bond
8.75%,
10/30/28
RON
3,195‌
736,318‌
Underline
Saudi
Arabia
:
1.6%
Saudi
Government
International
Bond
144A
4.75%,
01/18/28
USD
1,250‌
1,222,595‌
Underline
South
Africa
:
1.5%
Republic
of
South
Africa
Government
Bond
8.50%,
01/31/37
ZAR
29,874‌
1,155,751‌
Underline
South
Korea
:
2.2%
Korea
Treasury
Bond
3.25%,
03/10/28
KRW
1,285,000‌
927,318‌
3.38%,
03/10/25
KRW
1,072,000‌
790,405‌
1,717,723‌
Sri
Lanka
:
2.6%
Sri
Lanka
Government
International
Bond
Reg
S
5.75%,
04/18/23
USD
2,336‌
1,127,627‌
Sri
Lanka
Treasury
Bill
0.01%,
11/10/23
LKR
192,000‌
583,362‌
0.01%,
12/08/23
LKR
125,000‌
374,792‌
2,085,781‌
Suriname
:
0.3%
Duriname
Government
International
Bond
Reg
S
12.88%,
12/30/23
USD
56‌
50,400‌
Suriname
Government
International
Bond
Reg
S
9.25%,
10/26/26
USD
174‌
150,075‌
200,475‌
Turkey
:
2.5%
Turkey
Government
Bond
EMERGING
MARKETS
BOND
FUND
SCHEDULE
OF
INVESTMENTS
(unaudited)
(continued)
4
FootnoteRuleAboveBlank
Par
(000’s)
Value
Turkey
(continued)
1.50%,
06/18/25
TRY
17,015‌
$
776,957‌
Turkey
Government
International
Bond
9.88%,
01/15/28
USD
1,165‌
1,229,727‌
2,006,684‌
United
Arab
Emirates
:
0.4%
Abu
Dhabi
Government
International
Bond
144A
1.88%,
09/15/31
USD
180‌
143,581‌
Abu
Dhabi
Government
International
Bond
Reg
S
1.88%,
09/15/31
USD
229‌
182,666‌
326,247‌
Uruguay
:
2.1%
Uruguay
Government
International
Bond
Reg
S
8.50%,
03/15/28
UYU
36,248‌
917,667‌
Uruguay
Monetary
Regulation
Bill
0.00%,
05/31/24 ^
UYU
31,631‌
773,253‌
1,690,920‌
Uzbekistan
:
0.2%
Republic
of
Uzbekistan
International
Bond
Reg
S
3.90%,
10/19/31
USD
189‌
147,774‌
Underline
Zambia
:
2.3%
Zambia
Government
Bond
13.00%,
12/17/28
ZMW
8,500‌
277,597‌
13.00%,
01/25/31
ZMW
43,644‌
1,281,823‌
13.00%,
12/27/31
ZMW
890‌
25,010‌
13.00%,
03/23/32
ZMW
7,500‌
205,353‌
1,789,783‌
Total
Government
Obligations
(Cost:
$44,793,755)
44,291,214‌
Par
(000's)
Value
SHORT-TERM
INVESTMENTS
:
7.9%
United
States
Treasury
Obligations:
7.9%
United
States
Treasury
Bill
5.20%,
10/03/23
2,022,000‌
$
2,021,407‌
5.23%,
10/17/23
1,269,000‌
1,266,021‌
5.30%,
10/24/23
1,757,000‌
1,751,078‌
5.35%,
10/10/23
1,202,000‌
1,200,415‌
6,238,921‌
Number
of
Shares
MONEY
MARKET
FUND
:
5.7%
(Cost:
$4,477,682)
Invesco
Treasury
Portfolio
-
Institutional
Class
4,477,692‌
4,477,692‌
Underline
Total
Investments
Before
Collateral
for
Securities
Loaned:
99.1%
(Cost:
$80,495,262)
77,927,143‌
SHORT-TERM
INVESTMENT
HELD
AS
COLLATERAL
FOR
SECURITIES
ON
LOAN:
1.3%
Money
Market
Fund:
1.3%
(Cost:
$1,042,413)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
1,042,413‌
1,042,413‌
Total
Investments:
100.4%
(Cost:
$81,537,675)
78,969,556‌
Liabilities
in
excess
of
other
assets:
(0.4)%
(303,353‌)
NET
ASSETS:
100.0%
$
78,666,203‌
Schedule
of
Open
Forward
Foreign
Currency
Contracts
-
September
30,
2023
Counterparty
Currency
to
be
sold
Currency
to
be
purchased
Settlement
Dates
Unrealized
Appreciation
(Depreciation)
STATE
STREET
BANK
AND
TRUST
COMPANY
USD
2,013,198
THB
70,461,953
10/5/2023
$(77,776)
STATE
STREET
BANK
AND
TRUST
COMPANY
USD
2,239,502
COP
9,048,354,394
10/13/2023
$(27,513)
STATE
STREET
BANK
AND
TRUST
COMPANY
USD
1,202,012
THB
42,911,819
10/18/2023
$(22,041)
STATE
STREET
BANK
AND
TRUST
COMPANY
USD
787,339
THB
28,714,246
11/2/2023
$3,239
5
Footnotes:
Schedule
of
Open
Forward
Foreign
Currency
Contracts
-
September
30,
2023
Net
unrealized
depreciation
on
forward
foreign
currency
contracts
(124,091)
Definitions:
BRL
Brazilian
Real
CZK
Czech
Koruna
DOP
Dominican
Peso
EUR
Euro
IDR
Indonesian
Rupiah
ILS
Israeli
Shekel
KRW
Korean
Won
LKR
Sri
Lanka
Rupee
MYR
Malaysian
Ringgit
PEN
Peruvian
Nuevo
Sol
PHP
Philippine
Peso
RON
Romanian
Leu
TRY
Turkish
Lira
USD
United
States
Dollar
UYU
Uruguayan
Peso
ZAR
South
African
Rand
ZMW
Zambian
Kwacha
(s)
The
rate
shown
reflects
the
rate
in
effect
at
the
end
of
the
reporting
period.
Coupon
adjusts
periodically
based
upon
a
predetermined
schedule
†
Security
fully
or
partially
on
loan.
Total
market
value
of
securities
on
loan
is
$1,016,152.
*
Non-income
producing
(d)
Security
in
default
(e)
Amount
is
less
than
1,000
^
Zero
Coupon
Bond
Reg
S
Security
was
purchased
pursuant
to
Regulation
S
under
the
Securities
Act
of
1933,
which
exempts
from
registration
securities
offered
and
sold
outside
of
the
United
States.
Such
a
security
cannot
be
sold
in
the
United
States
without
either
an
effective
registration
statement
filed
pursuant
to
the
Securities
Act
of
1933,
or
pursuant
to
an
exemption
from
registration.
144A
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended,
or
otherwise
restricted.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
unless
otherwise
noted,
and
the
value
amounted
$7,067,227,
or
9.0%
of
net
assets.
Summary
of
Investments
by
Sector
Excluding
Collateral
for
Securities
Loaned
%
of
Investments
Value
Government
62.6‌
%
$
48,780,515‌
Energy
11.5‌
8,920,873‌
Utilities
4.8‌
3,770,538‌
Financials
4.1‌
3,195,403‌
Basic
Materials
4.0‌
3,133,523‌
Government
Activity
2.2‌
1,749,620‌
Real
Estate
2.0‌
1,592,269‌
Consumer
Non-Cyclicals
1.2‌
894,782‌
Industrials
1.0‌
772,131‌
Technology
0.8‌
639,797‌
Money
Market
Fund
5.8‌
4,477,692‌
100.0‌
%
$
77,927,143‌