NPORT-P false 0000813900 XXXXXXXX S000036460 C000111628 C000111627 PACIFIC SELECT FUND 811-05141 0000813900 549300KH2YJL0X2VEL27 700 NEWPORT CTR DR P O BOX 7500 NEWPORT BEACH 92660 949-219-3233 Emerging Markets Debt Portfolio S000036460 5493004C42CHKMCN1N68 2025-12-31 2025-06-30 N 225349308.05 18394362.44 206954945.61 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 5765138.55000000 0.00000000 0.00000000 23801946.67000000 BRL COP CZK EGP EUR HUF ILS INR KRW MXN MYR PEN PLN USD ZAR N J.P. Morgan EM Equal Weight JEMBAGTR PETROLEOS DE VENEZUELA S 549300YWR8TN1OFD4P06 000000000 575000.00000000 PA USD 72491.64000000 0.035027739871 Long DBT CORP VE Y 2 2027-04-12 None 5.37500000 Y N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 000000000 4700000000.00000000 OU Notional Amount -7164.92000000 -0.00346206754 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2035-09-17 0.00000000 KRW 0.00000000 KRW 4700000000.00000000 KRW -7164.92000000 N N N Petroleos Mexicanos 549300CAZKPF4HKMPX17 71654QCK6 1075000.00000000 PA USD 1032947.72000000 0.499117195269 Long DBT CORP MX N 2 2028-02-12 Fixed 5.35000000 N N N N N N HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 000000000 1.00000000 NC 50792.44000000 0.024542752457 N/A DFE HU N 2 HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 1526371.41000000 USD 535703095.19000000 HUF 2025-07-25 50792.44000000 N N N UZBEKISTAN INTL BOND 213800L6VDKUM3TCM927 91824PAA5 1125000.00000000 PA USD 1159757.37000000 0.560391232295 Long DBT NUSS UZ N 2 2032-02-28 Fixed 6.90000000 N N N N N N LIMAK CIMENTO SANAYI 789000EEUQIGHI88WH47 000000000 1825000.00000000 PA USD 1830675.75000000 0.884576952053 Long DBT CORP TR Y 2 2029-07-25 Fixed 9.75000000 N N N N N N EASTERN EUROPEAN ELECT 8945004UQXDLRHI1KJ27 000000000 575000.00000000 PA 699308.01000000 0.337903502590 Long DBT CORP NL N 2 2030-05-15 Fixed 6.50000000 N N N N N N DP WORLD SALAAM 549300SUYBT9X88E9435 000000000 600000.00000000 PA USD 600195.00000000 0.290012397737 Long DBT CORP KY Y 2 2025-10-01 Fixed 6.00000000 N N N N N N Ghana Government International Bonds 213800PP4399SNNXZ126 000000000 1331837.37000000 PA USD 1116564.13000000 0.539520390154 Long DBT NUSS GH Y 2 2030-01-03 None 0.00000000 N N N N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 166817.82000000 OU Notional Amount USD 11996.42000000 0.005796633641 N/A DIR GB N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 Egypt Treasury Bills Egypt Treasury Bills Y Egypt Treasury Bills 2025-12-18 0.00000000 USD 0.00000000 USD 166817.82000000 USD 11996.42000000 N N N STANDARD CHARTERED PLC U4LOSYZ7YG4W3S5F2G91 853254DC1 350000.00000000 PA USD 364281.71000000 0.176019813842 Long DBT CORP GB N 2 2035-05-14 Fixed 5.90500000 N N N N N N Lebanese Republic 529900QPC4K9S1KHL354 000000000 525000.00000000 PA USD 99933.75000000 0.048287683923 Long DBT NUSS LB Y 2 2027-11-29 None 0.00000000 Y N N N N N HUNGARY GOVERNMENT BOND 5299003F3UFKGCCMAP43 000000000 540000000.00000000 PA 1588525.67000000 0.767570770206 Long DBT NUSS HU N 2 2035-10-24 Fixed 7.00000000 N N N N N N FS LUXEMBOURG SARL 222100EKR3JUJPGGOY81 30315XAD6 575000.00000000 PA USD 568100.00000000 0.274504191395 Long DBT CORP LU N 2 2033-06-25 Fixed 8.62500000 N N N N N N Petroleos Mexicanos 549300CAZKPF4HKMPX17 71654QDC3 1750000.00000000 PA USD 1691759.13000000 0.817452863962 Long DBT CORP MX N 2 2030-01-23 Fixed 6.84000000 N N N N N AEGEA FINANCE SARL 213800V6WTKUT1XWIZ47 000000000 925000.00000000 PA USD 983059.48000000 0.475011349500 Long DBT CORP LU Y 2 2031-01-20 Fixed 9.00000000 N N N N N N UKRAINE GOVERNMENT 6354001WLTJXOMEXPY07 903724CA8 222297.00000000 PA USD 114368.33000000 0.055262429058 Long DBT NUSS UA N 2 2034-02-01 Variable 1.75000000 Y N N N N N BENIN INTL GOV BOND 635400Q11P6AE5A5Y230 000000000 975000.00000000 PA USD 925862.29000000 0.447373841331 Long DBT NUSS BJ Y 2 2038-02-13 Fixed 7.96000000 N N N N N N Senegal Government International Bonds 549300NP14ZLQGWIUZ97 000000000 1050000.00000000 PA USD 636166.78000000 0.307393852379 Long DBT NUSS SN Y 2 2048-03-13 Fixed 6.75000000 N N N N N N Bank of America NA B4TYDEB6GKMZO031MB27 000000000 1.00000000 NC N/A -10329.32000000 -0.00499109599 N/A DFE RO N 2 Bank of America NA B4TYDEB6GKMZO031MB27 1456425.09000000 EUR 7408470.35000000 RON 2025-08-29 -10329.32000000 N N N YINSON BERGENIA PRODUCTI 549300JDIAWKPMZD5256 98585VAA6 825000.00000000 PA USD 837234.34000000 0.404549085566 Long DBT CORP NL N 2 2045-01-31 Fixed 8.49800000 N N N N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 1.00000000 NC -106752.66000000 -0.05158256048 N/A DFE US N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 5557600000.00000000 KRW 4006343.71000000 USD 2025-07-25 -106752.66000000 N N N IVANHOE MINES LTD 5299006XZISURYIA4G32 46579RAE4 2225000.00000000 PA USD 2222693.57000000 1.073998769852 Long DBT CORP CA N 2 2030-01-23 Fixed 7.87500000 N N N N N Republic of Senegal 549300NP14ZLQGWIUZ97 000000000 2350000.00000000 PA 2191541.62000000 1.058946242400 Long DBT NUSS SN Y 2 2028-03-13 Fixed 4.75000000 N N N N N N BBVA BANCOMER SA TEXAS 549300WIWQK5Q9MCUN92 072912AA6 2000000.00000000 PA USD 2058600.00000000 0.994709256129 Long DBT CORP MX N 2 2035-02-11 Fixed 7.62500000 N N N N N N CLEAR STREET 549300KNQS43Y7TO3X67 000000000 6574257.62000000 PA USD 6574257.62000000 3.176661277952 Long RA CORP US N 2 Repurchase Y 4.44000000 2025-07-01 66600.61000000 USD 6706569.82000000 USD AMBS N N Egypt Government International Bonds 529900GFIVH4086NMH82 000000000 1075000.00000000 PA USD 985919.92000000 0.476393505404 Long DBT NUSS EG Y 2 2032-01-15 Fixed 7.05300000 N N N N N N AZULE ENERGY FINANCE PLC 2138006X6O82RJSQDB63 05501YAA6 2300000.00000000 PA USD 2280450.00000000 1.101906501088 Long DBT CORP GB N 2 2030-01-23 Fixed 8.12500000 N N N N N N HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 000000000 1.00000000 NC -25385.06000000 -0.01226598375 N/A DFE US N 2 HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 1000000.00000000 EUR 1153652.90000000 USD 2025-07-16 -25385.06000000 N N N IVORY COAST 254900ICW11T82O6H590 000000000 475000.00000000 PA 530317.17000000 0.256247642904 Long DBT NUSS CI Y 2 2031-10-17 Fixed 5.87500000 N N N N N N FIEMEX ENERGIA - BANC AC N/A 05974EAA8 1391950.47000000 PA USD 1414082.48000000 0.683280351591 Long DBT CORP MX N 2 2041-01-31 Fixed 7.25000000 N N N N N N ORLEN SA 259400VVMM70CQREJT74 68666UAA3 925000.00000000 PA USD 950672.23000000 0.459361928847 Long DBT CORP PL N 2 2035-01-30 Fixed 6.00000000 N N N N N N Republic of Peru 254900STKLK2DBJJZ530 000000000 4305000.00000000 PA 1235573.80000000 0.597025500578 Long DBT NUSS PE Y 2 2037-08-12 Fixed 6.90000000 N N N N N N CZECHOSLOVAK GROUP 315700SWFD7G70AVG768 000000000 1750000.00000000 PA USD 1767402.47000000 0.854003495683 Long DBT CORP CZ N 2 2031-01-10 Fixed 6.50000000 N N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 000000000 2200000.00000000 OU Notional Amount 6302.23000000 0.003045218359 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2025-09-18 0.00000000 ILS 0.00000000 ILS 2200000.00000000 ILS 6302.23000000 N N N INTL BK RECON & DEVELOP ZTMSNXROF84AHWJNKQ93 000000000 67400000.00000000 PA 784540.79000000 0.379087722541 Long DBT NUSS XX N 2 2030-04-17 Fixed 6.50000000 N N N N N N ATP TOW/ANDEAN TELECOM N/A 00193BAA0 1700000.00000000 PA USD 1726175.46000000 0.834082729896 Long DBT CORP XX N 2 2030-02-03 Fixed 7.87500000 N N N N N N BBVA BANCOMER SA TEXAS 549300WIWQK5Q9MCUN92 000000000 700000.00000000 PA USD 673211.49000000 0.325293743532 Long DBT CORP MX Y 2 2033-01-18 Fixed 5.12500000 N N N N N N ENERGEAN ISRAEL FINANCE 98450044QACBL3F8EB03 000000000 200000.00000000 PA USD 198070.00000000 0.095706821316 Long DBT CORP IL Y 2 2026-03-30 Fixed 4.87500000 N N N N N N AEGEA FINANCE SARL 213800V6WTKUT1XWIZ47 00775CAC0 200000.00000000 PA USD 212553.40000000 0.102705156126 Long DBT CORP LU N 2 2031-01-20 Fixed 9.00000000 N N N N N N Lebanese Republic 529900QPC4K9S1KHL354 000000000 450000.00000000 PA USD 84344.63000000 0.040755068573 Long DBT NUSS LB Y 2 2022-05-27 None 0.00000000 Y N N N N N HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 000000000 1.00000000 NC 6069.10000000 0.002932570653 N/A DFE TW N 2 HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 1652622.53000000 USD 48050000.00000000 TWD 2025-07-25 6069.10000000 N N N ENERGEAN ISRAEL FINANCE 98450044QACBL3F8EB03 000000000 1375000.00000000 PA USD 1312781.25000000 0.634331905493 Long DBT CORP IL Y 2 2028-03-30 Fixed 5.37500000 N N N N N N REPUBLIC OF VENEZUELA 529900XM8PJTJK5OJI77 000000000 1149000.00000000 PA USD 208672.97000000 0.100830144157 Long DBT NUSS VE Y 2 2022-08-23 None 12.75000000 Y N N N N N RAIZEN FUELS FINANCE 52990010NH26VC32Q522 75102XAF3 1050000.00000000 PA USD 1043437.50000000 0.504185825047 Long DBT CORP LU N 2 2032-07-08 Fixed 6.25000000 N N N N N N MEX BONOS DESARR FIX RT 254900EGTWEU67VP6075 000000000 52700000.00000000 PA 2329401.11000000 1.125559528492 Long DBT NUSS MX N 2 2042-11-13 Fixed 7.75000000 N N N N N N REPUBLIC OF PERU 254900STKLK2DBJJZ530 715638FB3 9990000.00000000 PA 2904164.04000000 1.403283227390 Long DBT NUSS PE N 2 2035-08-12 Fixed 6.85000000 N N N N N N Citibank NA E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC 43806.82000000 0.021167322129 N/A DFE TR N 2 Citibank NA E57ODZWZ7FF32TWEFA76 988648.85000000 USD 41850000.00000000 TRY 2025-07-24 43806.82000000 N N N IVORY COAST 254900ICW11T82O6H590 000000000 1861000.00000000 PA 1968075.45000000 0.950968069015 Long DBT NUSS CI Y 2 2032-01-30 Fixed 4.87500000 N N N N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 -64.00000000 NC USD -198756.24000000 -0.09603841039 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Short CBOT U.S. Long Bond Futures USU5 Comdty 2025-09-19 -7191243.76000000 USD -198756.24000000 N N N UZBEKNEFTEGAZ 213800LUZJZFLJD4MJ51 000000000 200000.00000000 PA USD 206165.74000000 0.099618658250 Long DBT NUSS UZ Y 2 2030-05-07 Fixed 8.75000000 N N N N N N Citibank NA E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC -16961.41000000 -0.00819570170 N/A DFE US N 2 Citibank NA E57ODZWZ7FF32TWEFA76 807095.89000000 EUR 934635.28000000 USD 2025-07-16 -16961.41000000 N N N LCH Ltd. F226TOH6YD6XJB17KS62 000000000 16300000.00000000 OU Notional Amount 46693.79000000 0.022562297248 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2025-09-18 0.00000000 ILS 0.00000000 ILS 16300000.00000000 ILS 46693.79000000 N N N STANDARD CHARTERED PLC U4LOSYZ7YG4W3S5F2G91 853254CZ1 875000.00000000 PA USD 921829.15000000 0.445425040354 Long DBT CORP GB N 2 2035-01-11 Fixed 6.09700000 N N N N N N Petroleos Mexicanos 549300CAZKPF4HKMPX17 71654QCG5 1175000.00000000 PA USD 1167571.18000000 0.564166841511 Long DBT CORP MX N 2 2027-03-13 Fixed 6.50000000 N N N N N N INTL BK RECON & DEVELOP ZTMSNXROF84AHWJNKQ93 000000000 15000000.00000000 PA 176139.19000000 0.085109920654 Long DBT NUSS XX N 2 2027-09-08 Fixed 6.75000000 N N N N N N PETROLEOS DE VENEZUELA S 549300YWR8TN1OFD4P06 000000000 802000.00000000 PA USD 119267.50000000 0.057629693095 Long DBT CORP VE Y 2 2022-02-17 None 12.75000000 Y N N N N N HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 000000000 1.00000000 NC -178125.17000000 -0.08606954014 N/A DFE US N 2 HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 5388056.15000000 EUR 6174597.58000000 USD 2025-07-16 -178125.17000000 N N N Citibank NA E57ODZWZ7FF32TWEFA76 000000000 725733.10000000 OU Notional Amount USD 133894.36000000 0.064697347340 N/A DCR ZM N 2 Citibank NA E57ODZWZ7FF32TWEFA76 Zambia Government Bonds Zambia Government Bonds Y Zambia Government Bonds 2027-12-18 0.00000000 USD 0.00000000 USD 725733.10000000 USD 133894.36000000 N N N SAAVI ENERGIA SARL N/A 78518PAA3 1925000.00000000 PA USD 2011143.75000000 0.971778540528 Long DBT CORP LU N 2 2035-02-10 Fixed 8.87500000 N N N N N N REPUBLIC OF VENEZUELA 529900XM8PJTJK5OJI77 000000000 1624400.00000000 PA USD 328291.24000000 0.158629328249 Long DBT NUSS VE Y 2 2026-10-21 None 11.75000000 Y N N N N N NWD FINANCE (BVI) LTD 25490076V8K09HMNCT88 000000000 1050000.00000000 PA USD 285994.80000000 0.138191817140 Long DBT CORP VG Y 2 2028-03-10 Variable 4.12500000 N Y N N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC 45828.86000000 0.022144365704 N/A DFE HU N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 2080253.45000000 USD 722150000.00000000 HUF 2025-07-25 45828.86000000 N N N Egypt Government International Bonds 529900GFIVH4086NMH82 000000000 625000.00000000 PA USD 513379.43000000 0.248063378474 Long DBT NUSS EG Y 2 2049-03-01 Fixed 8.70000000 N N N N N N COMMONWEALTH OF BAHAMAS 549300W13SXC7EKNJC20 056732AP5 1175000.00000000 PA USD 1194975.00000000 0.577408283951 Long DBT NUSS BS N 2 2036-06-24 Fixed 8.25000000 N N N N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC 42551.10000000 0.020560562046 N/A DFE TR N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 991549.96000000 USD 41950000.00000000 TRY 2025-07-25 42551.10000000 N N N WE SODA INV HOLDING PLC 984500SE38C07DB47A90 000000000 1600000.00000000 PA USD 1672316.00000000 0.808058002707 Long DBT CORP GB Y 2 2028-10-06 Fixed 9.50000000 N N N N N N Egypt Government International Bonds 529900GFIVH4086NMH82 000000000 450000.00000000 PA USD 365725.85000000 0.176717617896 Long DBT NUSS EG Y 2 2047-01-31 Fixed 8.50000000 N N N N N N Nigeria Government International Bonds 549300GSBZD84TNEQ285 000000000 1625000.00000000 PA USD 1556609.49000000 0.752148969144 Long DBT NUSS NG Y 2 2028-09-28 Fixed 6.12500000 N N N N N N IHS HOLDING LTD 213800CLGMKL63VKTD94 000000000 800000.00000000 PA USD 804518.02000000 0.388740659291 Long DBT CORP KY Y 2 2030-05-29 Fixed 7.87500000 N N N N N N AXIAN TELE HOLD 984500B7DCD97EB04857 05465QAA7 850000.00000000 PA USD 846663.37000000 0.409105164172 Long DBT CORP AE N 2 2030-07-11 Fixed 7.25000000 N N N N N N TRANSNET SOC LTD 378900B07CD6F01EA796 000000000 2225000.00000000 PA USD 2304326.61000000 1.113443606388 Long DBT CORP ZA Y 2 2028-02-06 Fixed 8.25000000 N N N N N N HUNGARY 5299003F3UFKGCCMAP43 445545AV8 1200000.00000000 PA USD 1212446.52000000 0.585850469253 Long DBT NUSS HU N 2 2030-09-26 Fixed 5.37500000 N N N N N N COMISION FEDERAL DE ELEC 4469000001BFPONMPF32 000000000 796800.00000000 PA USD 711331.57000000 0.343713250197 Long DBT CORP MX Y 2 2036-09-29 Fixed 5.00000000 N N N N N N LEBANESE REPUBLIC 529900QPC4K9S1KHL354 000000000 1850000.00000000 PA USD 348475.25000000 0.168382180465 Long DBT NUSS LB Y 2 2033-05-17 None 0.00000000 Y N N N N N SOCAR TURK ENRG FUNDING 213800EHE74BZ15ING86 000000000 740000.00000000 PA USD 735147.05000000 0.355220817667 Long DBT CORP IE Y 2 2026-03-17 Fixed 7.23000000 N N N N N N KINGSTON AIRPORT REV FIN 254900SK2YRR95AVHU30 49647QAA6 1000000.00000000 PA USD 1006415.00000000 0.486296665698 Long DBT CORP KY N 2 2036-12-15 Fixed 6.75000000 N N N N N N BONOS DE TESORERIA 254900STKLK2DBJJZ530 000000000 9445000.00000000 PA 2515674.88000000 1.215566447366 Long DBT NUSS PE N 2 2034-08-12 Fixed 5.40000000 N N N N N N FED REPUBLIC OF BRAZIL 254900ZFY40OYEADAP90 105756CM0 1950000.00000000 PA USD 1956435.00000000 0.945343438995 Long DBT NUSS BR N 2 2030-11-06 Fixed 5.50000000 N N N N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC 31759.55000000 0.015346117922 N/A DFE TR N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 1358524.92000000 USD 56399162.26000000 TRY 2025-07-25 31759.55000000 N N N LCH Ltd. F226TOH6YD6XJB17KS62 000000000 445000000.00000000 OU Notional Amount 883174.83000000 0.426747390547 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2025-12-17 0.00000000 MXN 0.00000000 MXN 445000000.00000000 MXN 883174.83000000 N N N IHS HOLDING LTD 213800CLGMKL63VKTD94 000000000 200000.00000000 PA USD 202459.55000000 0.097827838519 Long DBT CORP KY Y 2 2031-11-29 Fixed 8.25000000 N N N N N N INTER-AMERICAN DEVEL BK VKU1UKDS9E7LYLMACP54 000000000 55000000.00000000 PA 650710.41000000 0.314421290142 Long DBT NUSS XX N 2 2029-01-25 Fixed 7.00000000 N N N N N N CEMEX SAB DE CV 549300RIG2CXWN6IV731 151290CC5 1250000.00000000 PA USD 1264375.00000000 0.610942152782 Long DBT CORP MX N 2 2030-06-10 Fixed 7.20000000 N N N N N N ISRAEL DISCOUNT BANK 549300XWZ7BG5G23OF51 000000000 475000.00000000 PA USD 475771.88000000 0.229891524745 Long DBT CORP IL Y 2 2028-01-26 Fixed 5.37500000 N N N N N N TELECOMMUNICATIONS CO TE 254900OVY0XI1DFYC092 87945BAA8 700000.00000000 PA USD 700879.20000000 0.338662696817 Long DBT CORP RS N 2 2029-10-28 Fixed 7.00000000 N N N N N N EUROPEAN BK RECON & DEV 549300HTGDOVDU6OGK19 000000000 102100000.00000000 PA 1203435.57000000 0.581496405632 Long DBT NUSS XX N 2 2032-01-13 Fixed 6.75000000 N N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 000000000 155000000.00000000 OU Notional Amount -109315.16000000 -0.05282075268 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2030-09-17 0.00000000 CZK 0.00000000 CZK 155000000.00000000 CZK -109315.16000000 N N N FS LUXEMBOURG SARL 222100EKR3JUJPGGOY81 000000000 164000.00000000 PA USD 168359.45000000 0.081350773958 Long DBT CORP LU Y 2 2031-02-12 Fixed 8.87500000 N N N N N N Colombia Government International Bonds 549300MHDRBVRF6B9117 195325ER2 1050000.00000000 PA USD 1088147.27000000 0.525789449869 Long DBT NUSS CO N 2 2030-04-25 Fixed 7.37500000 N N N N N Republic of South Africa 378900AAFB4F17004C49 000000000 39750000.00000000 PA 2102077.58000000 1.015717490492 Long DBT NUSS ZA N 2 2035-02-28 Fixed 8.87500000 N N N N N N BANQUE OUEST AFRICAINE D 529900LIZJABE4JJS826 000000000 1025000.00000000 PA USD 1006439.92000000 0.486308706966 Long DBT NUSS XX Y 2 2027-07-27 Fixed 5.00000000 N N N N N N HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 000000000 1.00000000 NC 4778.48000000 0.002308946996 N/A DFE XX N 2 HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 208556.33000000 USD 180939.73000000 EUR 2025-07-16 4778.48000000 N N N ACU PETROLEO LUXEMBOURG N/A 000000000 1545426.91000000 PA USD 1544668.88000000 0.746379302725 Long DBT CORP LU Y 2 2032-01-13 Fixed 7.50000000 N N N N N N SAMARCO MINERACAO SA 529900U8HKV15GJC4O60 000000000 306795.00000000 PA USD 301788.23000000 0.145823154460 Long DBT CORP BR Y 2 2031-06-30 Fixed 9.50000000 N N Y N N N Nigeria Government International Bonds 549300GSBZD84TNEQ285 000000000 1000000.00000000 PA USD 953400.09000000 0.460680022499 Long DBT NUSS NG Y 2 2030-02-23 Fixed 7.14300000 N N N N N N Citibank NA E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC -97831.30000000 -0.04727178648 N/A DFE US N 2 Citibank NA E57ODZWZ7FF32TWEFA76 91531085.89000000 ZAR 5063438.60000000 USD 2025-07-25 -97831.30000000 N N N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 000000000 4600000.00000000 OU Notional Amount USD 114026.36000000 0.055097190194 N/A DCR US N 2 Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 CDX.EM.S43 2I65BZFH0 Y buy protection 2030-06-20 140050.00000000 USD 0.00000000 USD 4600000.00000000 USD -26023.64000000 N N N ASIAN DEVELOPMENT BANK 549300X0MVH42CY8Q105 000000000 14400000.00000000 PA 169661.47000000 0.081979906061 Long DBT NUSS XX N 2 2028-02-08 Fixed 6.72000000 N N N N N N GALAXY PIPELINE ASSETS 549300L82YB0C6JQIC26 000000000 1142555.50000000 PA USD 1014738.50000000 0.490318555572 Long DBT CORP JE Y 2 2034-03-31 Fixed 2.16000000 N N N N N N LD CELULOSE INTERNATIONA 529900EHUSQJVOTP9J45 50206BAA0 925000.00000000 PA USD 974140.63000000 0.470701788318 Long DBT CORP AT N 2 2032-01-26 Fixed 7.95000000 N N N N N N TENGIZCHEVROIL FIN CO IN 5493001VEV2XTJIBZH31 000000000 1250000.00000000 PA USD 1113681.75000000 0.538127632909 Long DBT CORP BM Y 2 2030-08-15 Fixed 3.25000000 N N N N N N LEBANESE REPUBLIC 529900QPC4K9S1KHL354 000000000 2275000.00000000 PA USD 429036.56000000 0.207309160327 Long DBT NUSS LB Y 2 2049-06-19 None 0.00000000 Y N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 000000000 128000000.00000000 OU Notional Amount -90273.17000000 -0.04361972106 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2030-09-17 0.00000000 CZK -1660000.00000000 CZK 128000000.00000000 CZK -13331.02000000 N N N EMIRATES REIT SUSUK III 254900O98LGR8HB3GT84 000000000 600000.00000000 PA USD 599544.00000000 0.289697836518 Long SN KY Y 2 2028-12-12 Variable 7.50000000 N N N N N N STANDARD CHARTERED PLC U4LOSYZ7YG4W3S5F2G91 000000000 325000.00000000 PA USD 338261.59000000 0.163446971031 Long DBT CORP GB Y 2 2035-05-14 Fixed 5.90500000 N N N N N N Ecuador Government International Bonds 5299003Y2U5XK0A35H71 000000000 1559220.00000000 PA USD 1135486.67000000 0.548663703905 Long DBT NUSS EC Y 2 2035-07-31 Variable 5.50000000 N N N N N N STANDARD CHARTERED PLC U4LOSYZ7YG4W3S5F2G91 000000000 950000.00000000 PA USD 1000843.08000000 0.483604330908 Long DBT CORP GB Y 2 2035-01-11 Fixed 6.09700000 N N N N N N RAIZEN FUELS FINANCE 52990010NH26VC32Q522 75102XAE6 725000.00000000 PA USD 712312.50000000 0.344187232588 Long DBT CORP LU N 2 2037-02-25 Fixed 6.70000000 N N N N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 1.00000000 NC 217092.08000000 0.104898232492 N/A DFE CZ N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 8266141.09000000 USD 177942243.35000000 CZK 2025-07-25 217092.08000000 N N N HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 000000000 1.00000000 NC -3137.18000000 -0.00151587583 N/A DFE US N 2 HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 176738.01000000 EUR 205243.64000000 USD 2025-07-16 -3137.18000000 N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 3600000.00000000 OU Notional Amount USD -39020.89000000 -0.01885477531 N/A DCR GB N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 China Construction Bank Corp. China Construction Bank Corp. Y buy protection 2026-12-20 0.00000000 USD -47998.20000000 USD 3600000.00000000 USD 8977.31000000 N N N LCH Ltd. F226TOH6YD6XJB17KS62 000000000 17375000.00000000 OU Notional Amount 75807.17000000 0.036629793879 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2030-09-17 0.00000000 ILS 0.00000000 ILS 17375000.00000000 ILS 75807.17000000 N N N Dominican Republic International Bonds 254900EHU7Q8FGVPI369 000000000 1975000.00000000 PA USD 1880101.25000000 0.908459203262 Long DBT NUSS DO Y 2 2030-01-30 Fixed 4.50000000 N N N N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC 537.83000000 0.000259877819 N/A DFE XX N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 33550.83000000 USD 28828.20000000 EUR 2025-08-29 537.83000000 N N N PETROLEOS DE VENEZUELA S 549300YWR8TN1OFD4P06 000000000 432000.00000000 PA USD 54463.28000000 0.026316491176 Long DBT CORP VE Y 2 2027-04-12 None 5.37500000 Y N N N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC -32191.47000000 -0.01555482035 N/A DFE US N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 23500000.00000000 TRY 547102.33000000 USD 2025-07-25 -32191.47000000 N N N Citibank NA E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC N/A -10264.63000000 -0.00495983798 N/A DFE XX N 2 Citibank NA E57ODZWZ7FF32TWEFA76 14752027.75000000 RON 2874014.25000000 EUR 2025-08-29 -10264.63000000 N N N HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 000000000 1.00000000 NC -9024.25000000 -0.00436049014 N/A DFE US N 2 HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 428276.98000000 EUR 495930.57000000 USD 2025-07-16 -9024.25000000 N N N NWD MTN LTD 254900STSWBVJ5FV9O74 000000000 200000.00000000 PA USD 131218.88000000 0.063404563545 Long DBT CORP VG Y 2 2028-02-08 Fixed 8.62500000 N N N N N N Pakistan Government International Bonds 529900LOP29R5WKHOD86 000000000 2775000.00000000 PA USD 2626519.66000000 1.269126307785 Long DBT NUSS PK Y 2 2027-12-05 Fixed 6.87500000 N N N N N N Argentina Republic Government International Bonds 549300KPBYGYF7HCHO27 040114HT0 850000.00000000 PA USD 573935.73000000 0.277323998374 Long DBT NUSS AR N 2 2035-07-09 Variable 4.12500000 N N N N N N HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 000000000 1.00000000 NC 11054.78000000 0.005341636058 N/A DFE US N 2 HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 16401671405.11000000 COP 4013495.57000000 USD 2025-07-25 11054.78000000 N N N ENERGO PRO AS 315700IQCL9IX158RO36 000000000 2225000.00000000 PA 2710981.04000000 1.309937789604 Long DBT CORP CZ N 2 2030-05-27 Fixed 8.00000000 N N N N N N INTL BK RECON & DEVELOP ZTMSNXROF84AHWJNKQ93 000000000 11500000.00000000 PA 135693.41000000 0.065566642826 Long DBT NUSS XX N 2 2028-04-24 Fixed 6.85000000 N N N N N N Ecuador Government International Bonds 5299003Y2U5XK0A35H71 000000000 2500000.00000000 PA USD 2178125.00000000 1.052463372440 Long DBT NUSS EC Y 2 2030-07-31 Fixed 6.90000000 N N N N N N HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 000000000 1.00000000 NC 2550.11000000 0.001232205392 N/A DFE ZA N 2 HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 2100728.41000000 USD 37300000.00000000 ZAR 2025-07-25 2550.11000000 N N N STATE OF ISRAEL 213800T8ZHTFZIBYPE21 46514Y8B6 1450000.00000000 PA USD 1476458.85000000 0.713420423777 Long DBT NUSS IL N 2 2035-02-19 Fixed 5.62500000 N N N N N N REPUBLIC OF GHANA 213800PP4399SNNXZ126 374422AM5 825000.00000000 PA USD 775439.37000000 0.374689944091 Long DBT NUSS GH N 2 2029-07-03 Variable 5.00000000 N N N N N N TITULOS DE TESORERIA 549300MHDRBVRF6B9117 000000000 7679000000.00000000 PA 1971084.16000000 0.952421868532 Long DBT NUSS CO N 2 2033-02-09 Fixed 13.25000000 N N N N N N REPUBLIC OF GUATEMALA 529900QKDFFU9UWW5315 000000000 675000.00000000 PA USD 718716.38000000 0.347281567918 Long DBT NUSS GT Y 2 2032-10-04 Fixed 7.05000000 N N N N N N TITULOS DE TESORERIA 549300MHDRBVRF6B9117 000000000 7992000000.00000000 PA 1961128.52000000 0.947611333577 Long DBT NUSS CO N 2 2040-11-28 Fixed 12.75000000 N N N N N N AEROPUERTOS DOMINICANOS 254900KJA5MXNPYB4W32 007866AE6 775000.00000000 PA USD 807290.38000000 0.390080255207 Long DBT CORP DO N 2 2034-06-30 Fixed 7.00000000 N N N N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC -6044.44000000 -0.00292065501 N/A DFE US N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 4450000.00000000 TRY 103651.62000000 USD 2025-07-25 -6044.44000000 N N N HUNGARY GOVERNMENT BOND 5299003F3UFKGCCMAP43 000000000 1090000000.00000000 PA 3067046.13000000 1.481987357663 Long DBT NUSS HU N 2 2028-03-23 Fixed 4.50000000 N N N N N N GRUPO NUTRESA SA 254900KKAX7B7RJUE255 40055CAA1 1625000.00000000 PA USD 1705437.50000000 0.824062210725 Long DBT CORP CO N 2 2030-05-12 Fixed 8.00000000 N N N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 4100000.00000000 OU Notional Amount USD -41178.78000000 -0.01989746119 N/A DCR GB N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 Bank of China Ltd. Bank of China Ltd. Y buy protection 2026-12-20 0.00000000 USD -54664.62000000 USD 4100000.00000000 USD 13485.84000000 N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC 87407.90000000 0.042235231316 N/A DFE XX N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 4166918.07000000 USD 3606156.11000000 EUR 2025-07-25 87407.90000000 N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 392144.59000000 OU Notional Amount USD 3710.44000000 0.001792873317 N/A DIR GB N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 Nigeria OMO Bills Nigeria OMO Bills Y Nigeria OMO Bills 2026-01-06 0.00000000 USD 0.00000000 USD 392144.59000000 USD 3710.44000000 N N N Colombia Government International Bonds 549300MHDRBVRF6B9117 195325DR3 1225000.00000000 PA USD 1062018.38000000 0.513164049725 Long DBT NUSS CO N 2 2030-01-30 Fixed 3.00000000 N N N N N AFRICA FINANCE CORP 213800LXFHRRXIJRXW97 00832XAA9 1275000.00000000 PA USD 1240938.38000000 0.599617649311 Long DBT NUSS XX N 2 2030-01-21 Fixed 7.50000000 N N N N N N TENGIZCHEVROIL FIN CO IN 5493001VEV2XTJIBZH31 000000000 750000.00000000 PA USD 740671.88000000 0.357890398713 Long DBT CORP BM Y 2 2026-08-15 Fixed 4.00000000 N N N N N N VEDANTA RESOURCES 8945002DGA3BBXO3N634 92243XAM3 1350000.00000000 PA USD 1339491.90000000 0.647238410298 Long DBT CORP GB N 2 2030-07-24 Fixed 9.47500000 N N N N N N NOTA DO TESOURO NACIONAL 254900ZFY40OYEADAP90 000000000 34695000.00000000 PA 6059769.40000000 2.928062135523 Long DBT NUSS BR N 2 2027-01-01 Fixed 10.00000000 N N N N N N INTER-AMERICAN DEVEL BK VKU1UKDS9E7LYLMACP54 000000000 116000000.00000000 PA 1384575.65000000 0.669022741118 Long DBT NUSS XX N 2 2033-04-17 Fixed 7.00000000 N N N N N N HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 000000000 1.00000000 NC -216572.63000000 -0.10464723583 N/A DFE US N 2 HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 6107129.59000000 EUR 6983965.00000000 USD 2025-07-16 -216572.63000000 N N N Republic of South Africa 378900AAFB4F17004C49 000000000 2000.00000000 PA 90.79000000 0.000043869451 Long DBT NUSS ZA N 2 2048-02-28 Fixed 8.75000000 N N N N N N YINSON BORONIA PRODUCTIO 5493007X12FTT746N678 000000000 1065518.50000000 PA USD 1135348.68000000 0.548597027557 Long DBT CORP NL Y 2 2042-07-31 Fixed 8.94700000 N N N N N N HUNGARY 5299003F3UFKGCCMAP43 445545AW6 1000000.00000000 PA USD 1006365.42000000 0.486272708793 Long DBT NUSS HU N 2 2035-09-26 Fixed 6.00000000 N N N N N N LEVIATHAN BOND LTD 254900D9T8VKYVQNZ220 000000000 1625000.00000000 PA USD 1618173.38000000 0.781896453467 Long DBT CORP IL Y 2 2027-06-30 Fixed 6.50000000 N N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 000000000 16300000.00000000 OU Notional Amount -47240.63000000 -0.02282652867 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2025-09-18 0.00000000 ILS 0.00000000 ILS 16300000.00000000 ILS -47240.63000000 N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC 15559.89000000 0.007518491502 N/A DFE TW N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 1475036.79000000 USD 43180522.00000000 TWD 2025-07-25 15559.89000000 N N N Bank of America NA B4TYDEB6GKMZO031MB27 000000000 1.00000000 NC N/A -13320.58000000 -0.00643646372 N/A DFE RO N 2 Bank of America NA B4TYDEB6GKMZO031MB27 1425399.47000000 EUR 7236753.12000000 RON 2025-08-29 -13320.58000000 N N N Lebanese Republic 529900QPC4K9S1KHL354 000000000 600000.00000000 PA USD 112908.75000000 0.054557164443 Long DBT NUSS LB Y 2 2021-04-12 None 0.00000000 Y N N N N N HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 000000000 1.00000000 NC 193014.22000000 0.093263883803 N/A DFE KR N 2 HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 9104924.95000000 USD 12563339647.00000000 KRW 2025-07-25 193014.22000000 N N N Republic of South Africa 378900AAFB4F17004C49 000000000 105650000.00000000 PA 4854966.71000000 2.345905141667 Long DBT NUSS ZA N 2 2044-01-31 Fixed 8.75000000 N N N N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 3650000.00000000 OU Notional Amount USD -43812.10000000 -0.02116987340 N/A DCR GB N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 China Development Bank China Development Bank Y buy protection 2026-12-20 0.00000000 USD -48664.66000000 USD 3650000.00000000 USD 4852.56000000 N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 984722.28000000 OU Notional Amount USD 400.59000000 0.000193563869 N/A DIR GB N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 Nigeria OMO Bills Nigeria OMO Bills Y Nigeria OMO Bills 2025-11-18 0.00000000 USD 0.00000000 USD 984722.28000000 USD 400.59000000 N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 1.00000000 NC -90138.89000000 -0.04355483737 N/A DFE US N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 11500000.00000000 PLN 3098691.44000000 USD 2025-07-25 -90138.89000000 N N N VEDANTA RESOURCES 8945002DGA3BBXO3N634 000000000 975000.00000000 PA USD 1012154.33000000 0.489069892491 Long DBT CORP GB Y 2 2029-09-17 Fixed 10.87500000 N N N N N N SASOL FINANCING USA LLC 549300XRB1PFMESFEL85 000000000 1200000.00000000 PA USD 1105500.00000000 0.534174236204 Long DBT CORP US Y 2 2027-11-08 Fixed 4.50000000 N N N N N Sasol Ltd. USD XXXX N N N REPUBLIC OF VENEZUELA 529900XM8PJTJK5OJI77 000000000 1259900.00000000 PA USD 207265.76000000 0.100150184567 Long DBT NUSS VE Y 2 2024-10-13 None 8.25000000 Y N N N N N REPUBLIC OF VENEZUELA 529900XM8PJTJK5OJI77 000000000 816000.00000000 PA USD 131510.81000000 0.063545623233 Long DBT NUSS VE Y 2 2023-05-07 None 9.00000000 Y N N N N N REPUBLIC OF SENEGAL 549300NP14ZLQGWIUZ97 000000000 450000.00000000 PA 328205.13000000 0.158587720159 Long DBT NUSS SN Y 2 2037-06-08 Fixed 5.37500000 N N N N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 1.00000000 NC 18595.64000000 0.008985356665 N/A DFE MY N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 1911946.01000000 USD 8130550.42000000 MYR 2025-07-25 18595.64000000 N N N EGYPT TREASURY BILL 529900GFIVH4086NMH82 000000000 26000000.00000000 PA 464917.03000000 0.224646494254 Long STIV NUSS EG N 2 2025-12-16 None 0.00000000 N N N N N N PUMA INTERNATIONAL FINAN 222100YFBPO7IDRUBR17 74588YAB6 1775000.00000000 PA USD 1827713.06000000 0.883145389259 Long DBT CORP LU N 2 2029-04-25 Fixed 7.75000000 N N N N N N REPUBLIC OF GHANA 213800PP4399SNNXZ126 374422AN3 666720.00000000 PA USD 558953.86000000 0.270084804377 Long DBT NUSS GH N 2 2030-01-03 None 0.00000000 N N N N N N KOREA DEVELOPMENT BANK 549300ML2LNRZUCS7149 000000000 1000000.00000000 PA USD 1011523.94000000 0.488765289961 Long DBT NUSS KR Y 2 2027-06-26 Fixed 4.75000000 N N N N N N Eurex Deutschland 529900LN3S50JPU47S06 000000000 86.00000000 NC -71669.01000000 -0.03463024755 N/A DIR DE N 1 Eurex Deutschland 529900LN3S50JPU47S06 Long Eurex 10 Year Euro BUND Futures RXU5 Comdty 2025-09-08 11253742.12000000 EUR -71669.01000000 N N N LCH Ltd. F226TOH6YD6XJB17KS62 000000000 21600000000.00000000 OU Notional Amount -21169.48000000 -0.01022902832 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2027-09-17 0.00000000 KRW 0.00000000 KRW 21600000000.00000000 KRW -21169.48000000 N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC 20388.24000000 0.009851535531 N/A DFE IL N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 2013506.19000000 USD 6850000.00000000 ILS 2025-07-25 20388.24000000 N N N Pacific Life U.S. Government Fund Direct N/A 000000000 806983.37000000 NS USD 806983.37000000 0.389931908909 Long STIV RF US N 1 N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC -6371.01000000 -0.00307845264 N/A DFE US N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 4400000.00000000 TRY 102092.51000000 USD 2025-07-25 -6371.01000000 N N N NWD MTN LTD 254900STSWBVJ5FV9O74 000000000 1125000.00000000 PA USD 582699.87000000 0.281558804155 Long DBT CORP VG Y 2 2029-07-18 Fixed 4.12500000 N N N N N N ROMANIA 315700IASY927EDWBK92 000000000 475000.00000000 PA 552797.14000000 0.267109896006 Long DBT NUSS RO N 2 2031-09-24 Fixed 5.12500000 N N N N N N IHS NETHERLANDS HOLDCO 5493006Z6YQYCCN2XI74 000000000 1340576.66000000 PA USD 1347574.47000000 0.651143883528 Long DBT CORP NL Y 2 2027-09-18 Fixed 8.00000000 N N N N N N EGYPT GOVERNMENT BOND 529900GFIVH4086NMH82 000000000 45300000.00000000 PA 920579.16000000 0.444821048990 Long DBT NUSS EG N 2 2027-10-01 Fixed 24.45800000 N N N N N N EGYPT TREASURY BILL 529900GFIVH4086NMH82 000000000 58500000.00000000 PA 1136827.07000000 0.549311381107 Long STIV NUSS EG N 2 2025-08-19 None 0.00000000 N N N N N N HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 000000000 1.00000000 NC -11740.76000000 -0.00567309950 N/A DFE US N 2 HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 4663036.73000000 BRL 841862.94000000 USD 2025-07-25 -11740.76000000 N N N Petroleos Mexicanos 549300CAZKPF4HKMPX17 71654QDE9 675000.00000000 PA USD 610858.26000000 0.295164852523 Long DBT CORP MX N 2 2031-01-28 Fixed 5.95000000 N N N N N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 000000000 16775000.00000000 OU Notional Amount USD -1261843.79000000 -0.60971907981 N/A DCR US N 2 Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 CDX.NA.HY.S44 2I65BRAD4 Y buy protection 2030-06-20 0.00000000 USD -923104.15000000 USD 16775000.00000000 USD -338739.64000000 N N N FS LUXEMBOURG SARL 222100EKR3JUJPGGOY81 30315XAC8 190000.00000000 PA USD 195050.58000000 0.094247846759 Long DBT CORP LU N 2 2031-02-12 Fixed 8.87500000 N N N N N N SITIOS LATINOAMERICA 984500D2C0CDC0BFDD35 82983PAA1 1600000.00000000 PA USD 1633184.00000000 0.789149539377 Long DBT CORP MX N 2 2029-11-25 Fixed 6.00000000 N N N N N N VEON HOLDINGS BV 5493000XDKGUH5NQGE22 000000000 1625000.00000000 PA USD 1502493.69000000 0.726000379247 Long DBT CORP NL Y 2 2027-11-25 Fixed 3.37500000 N N N N N N MALAYSIA GOVERNMENT 254900GSIL471JOBYY43 000000000 5325000.00000000 PA 1295284.76000000 0.625877654763 Long DBT NUSS MY N 2 2034-07-05 Fixed 3.82800000 N N N N N N PROVINCIA DE BUENOS AIRE 549300L6AYROPOTQ4L07 000000000 1623052.50000000 PA USD 1170626.62000000 0.565643220822 Long DBT NUSS AR Y 2 2037-09-01 Fixed 6.62500000 N N N N N N INTL BK RECON & DEVELOP ZTMSNXROF84AHWJNKQ93 000000000 29000000.00000000 PA 345067.50000000 0.166735566034 Long DBT NUSS XX N 2 2029-07-22 Fixed 7.05000000 N N N N N N ENERGEAN ISRAEL FINANCE 98450044QACBL3F8EB03 000000000 1405000.00000000 PA USD 1443773.48000000 0.697626952448 Long DBT CORP IL Y 2 2033-09-30 Fixed 8.50000000 N N N N N N Citibank NA E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC 20837.68000000 0.010068703571 N/A DFE TR N 2 Citibank NA E57ODZWZ7FF32TWEFA76 523945.00000000 USD 22100000.00000000 TRY 2025-07-25 20837.68000000 N N N PETROLEOS DE VENEZUELA S 549300YWR8TN1OFD4P06 000000000 1958498.00000000 PA USD 289857.70000000 0.140058358666 Long DBT CORP VE Y 2 2035-05-17 None 9.75000000 Y N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 000000000 96000000.00000000 OU Notional Amount -61414.42000000 -0.02967526087 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2030-09-17 0.00000000 CZK -1043068.49000000 CZK 96000000.00000000 CZK -12264.08000000 N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 3700000.00000000 OU Notional Amount USD -39237.64000000 -0.01895950825 N/A DCR GB N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 Industrial & Commercial Bank of China Ltd. Industrial & Commercial Bank of China Ltd. Y buy protection 2026-12-20 0.00000000 USD -49331.48000000 USD 3700000.00000000 USD 10093.84000000 N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 1.00000000 NC N/A -174.12000000 -0.00008413425 N/A DFE RO N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 21017.89000000 EUR 106804.28000000 RON 2025-08-29 -174.12000000 N N N Abu Dhabi Government International Bonds 213800FER4348CINTA77 000000000 1225000.00000000 PA USD 1216003.80000000 0.587569336125 Long DBT NUSS AE Y 2 2026-05-03 Fixed 3.12500000 N N N N N N LEBANESE REPUBLIC 529900QPC4K9S1KHL354 000000000 825000.00000000 PA USD 156750.00000000 0.075741123043 Long DBT NUSS LB Y 2 2028-03-20 None 0.00000000 Y N N N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 1.00000000 NC -57330.42000000 -0.02770188450 N/A DFE US N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 100700000.00000000 EGP 1956669.58000000 USD 2025-07-24 -57330.42000000 N N N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 000000000 5913190.00000000 OU Notional Amount -648501.29000000 -0.31335385008 N/A DCR US N 2 Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 iTraxx Europe Crossover S43 2I667KLL0 Y buy protection 2030-06-20 0.00000000 EUR -485912.06000000 EUR 5913190.00000000 EUR -85888.18000000 N N N Egypt Government International Bonds 529900GFIVH4086NMH82 000000000 875000.00000000 PA USD 811535.59000000 0.392131527762 Long DBT NUSS EG Y 2 2032-05-29 Fixed 7.62500000 N N N N N N MEX BONOS DESARR FIX RT 254900EGTWEU67VP6075 000000000 58900000.00000000 PA 2888062.22000000 1.395502876960 Long DBT NUSS MX N 2 2038-11-18 Fixed 8.50000000 N N N N N N ROMANIA 315700IASY927EDWBK92 000000000 2025000.00000000 PA 2464190.15000000 1.190689182486 Long DBT NUSS RO Y 2 2033-09-18 Fixed 6.37500000 N N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 000000000 445000000.00000000 OU Notional Amount -889252.98000000 -0.42968433413 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2025-12-17 0.00000000 MXN 0.00000000 MXN 445000000.00000000 MXN -889252.98000000 N N N UZBEKNEFTEGAZ 213800LUZJZFLJD4MJ51 91825MAC7 1400000.00000000 PA USD 1443160.15000000 0.697330593258 Long DBT NUSS UZ N 2 2030-05-07 Fixed 8.75000000 N N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 000000000 21600000000.00000000 OU Notional Amount -21169.48000000 -0.01022902832 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2027-09-17 0.00000000 KRW -45204997.00000000 KRW 21600000000.00000000 KRW 11980.52000000 N N N IHS HOLDING LTD 213800CLGMKL63VKTD94 44963HAC9 750000.00000000 PA USD 754235.65000000 0.364444371105 Long DBT CORP KY N 2 2030-05-29 Fixed 7.87500000 N N N N N N Lebanese Republic 529900QPC4K9S1KHL354 000000000 175000.00000000 PA USD 32872.88000000 0.015884075590 Long DBT NUSS LB Y 2 2022-10-04 None 0.00000000 Y N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 000000000 14350000.00000000 OU Notional Amount 62609.09000000 0.030252521782 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2030-09-17 0.00000000 ILS -43000.00000000 ILS 14350000.00000000 ILS 74780.74000000 N N N IVORY COAST 254900ICW11T82O6H590 221625AV8 2075000.00000000 PA USD 2005467.00000000 0.969035552201 Long DBT NUSS CI N 2 2036-04-01 Fixed 8.07500000 N N N N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC 32677.95000000 0.015789886008 N/A DFE TR N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 1345322.43000000 USD 55900837.74000000 TRY 2025-07-25 32677.95000000 N N N STANDARD CHARTERED PLC U4LOSYZ7YG4W3S5F2G91 853254DF4 1575000.00000000 PA USD 1605013.20000000 0.775537494534 Long DBT CORP GB N 2 2032-01-16 Fixed 7.62500000 N N N N N Zambia Government International Bonds 213800DMLAZ6LGMMD849 000000000 2782073.00000000 PA USD 1916605.42000000 0.926097907131 Long DBT NUSS ZM Y 2 2053-12-31 Fixed 0.50000000 N N N N N N Republic of South Africa 378900AAFB4F17004C49 000000000 45950000.00000000 PA 2085948.21000000 1.007923827986 Long DBT NUSS ZA N 2 2048-02-28 Fixed 8.75000000 N N N N N N PETROLEOS DE VENEZUELA S 549300YWR8TN1OFD4P06 000000000 2725000.00000000 PA USD 346872.96000000 0.167607958813 Long DBT CORP VE Y 2 2026-11-15 None 0.00000000 Y N N N N N REPUBLIC OF GABON N/A 000000000 500000.00000000 PA USD 399213.36000000 0.192898680832 Long DBT NUSS GA Y 2 2031-02-06 Fixed 6.62500000 N N N N N N HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 000000000 1.00000000 NC 44939.72000000 0.021714735962 N/A DFE TR N 2 HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 3969022.51000000 USD 162832938.99000000 TRY 2025-07-25 44939.72000000 N N N HTA GROUP LTD 213800WEFU8O8X6EPU13 40435WAC4 1000000.00000000 PA USD 1027050.00000000 0.496267434910 Long DBT CORP MU N 2 2029-06-04 Fixed 7.50000000 N N N N N BANCO DAVIVIENDA SA 549300P161V4IPKAQS70 059501AG1 800000.00000000 PA USD 804640.00000000 0.388799599656 Long DBT CORP CO N 2 2035-07-02 Fixed 8.12500000 N N N N N N MALAYSIA GOVERNMENT 254900GSIL471JOBYY43 000000000 11575000.00000000 PA 2766675.58000000 1.336849221865 Long DBT NUSS MY N 2 2030-05-15 Fixed 3.33600000 N N N N N N TELECOMMUNICATIONS CO TE 254900OVY0XI1DFYC092 000000000 200000.00000000 PA USD 200251.20000000 0.096760770519 Long DBT CORP RS Y 2 2029-10-28 Fixed 7.00000000 N N N N N N NATIONAL BANK OF UZBEKIS 253400TZJ7T1YULTGN68 000000000 1025000.00000000 PA USD 1079168.47000000 0.521450921029 Long DBT NUSS UZ Y 2 2029-07-05 Fixed 8.50000000 N N N N N N HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 000000000 1.00000000 NC 161655.72000000 0.078111552020 N/A DFE IL N 2 HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 5169577.84000000 USD 17955184.55000000 ILS 2025-07-25 161655.72000000 N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 456.00000000 NC USD 516184.14000000 0.249418605812 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Long CBOT 5 Year U.S. Treasury Notes FVU5 Comdty 2025-09-30 49187815.86000000 USD 516184.14000000 N N N LCH Ltd. F226TOH6YD6XJB17KS62 000000000 4700000000.00000000 OU Notional Amount -7164.92000000 -0.00346206754 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2035-09-17 8386447.00000000 KRW 0.00000000 KRW 4700000000.00000000 KRW -13314.92000000 N N N NWD MTN LTD 254900STSWBVJ5FV9O74 000000000 400000.00000000 PA USD 201636.82000000 0.097430297887 Long DBT CORP VG Y 2 2030-05-19 Fixed 4.50000000 N N N N N N HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 000000000 1.00000000 NC -6724.65000000 -0.00324933041 N/A DFE US N 2 HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 227144.43000000 EUR 261087.26000000 USD 2025-07-16 -6724.65000000 N N N BOI FINANCE BV 724500ZH3H2YACBUNF38 000000000 1475000.00000000 PA 1773445.59000000 0.856923512879 Long DBT CORP NL Y 2 2027-02-16 Fixed 7.50000000 N N N N N N EGYPT GOVERNMENT BOND 529900GFIVH4086NMH82 000000000 47400000.00000000 PA 977034.08000000 0.472099894554 Long DBT NUSS EG N 2 2027-08-13 Fixed 25.31800000 N N N N N N Ukraine Government International Bonds 6354001WLTJXOMEXPY07 000000000 1067154.00000000 PA USD 549034.04000000 0.265291577537 Long DBT NUSS UA Y 2 2034-02-01 Variable 1.75000000 Y N N N N N HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 000000000 1.00000000 NC -87396.68000000 -0.04222980984 N/A DFE US N 2 HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 23333847.55000000 PEN 6495788.75000000 USD 2025-07-25 -87396.68000000 N N N EGYPT TREASURY BILL 529900GFIVH4086NMH82 000000000 30000000.00000000 PA 564121.90000000 0.272581985580 Long STIV NUSS EG N 2 2025-10-07 None 0.00000000 N N N N N N LCH Ltd. F226TOH6YD6XJB17KS62 000000000 2200000.00000000 OU Notional Amount -6376.03000000 -0.00308087829 N/A DIR US N 2 LCH Ltd. F226TOH6YD6XJB17KS62 N/A N/A Y 2025-09-18 0.00000000 ILS 0.00000000 ILS 2200000.00000000 ILS -6376.03000000 N N N EGYPT TREASURY BILL 529900GFIVH4086NMH82 000000000 113300000.00000000 PA 2063820.28000000 0.997231679541 Long STIV NUSS EG N 2 2025-11-18 None 0.00000000 N N N N N N KINGDOM OF MOROCCO 529900F3MBW9XY5K1X07 000000000 2450000.00000000 PA 2895121.67000000 1.398913981720 Long DBT NUSS MA Y 2 2035-04-02 Fixed 4.75000000 N N N N N N POLAND GOVERNMENT BOND 259400R9L8QEP0TPXS31 000000000 12676991.25000000 PA 3129283.86000000 1.512060439423 Long DBT NUSS PL N 2 2036-08-25 Fixed 2.00000000 N N N N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC 20419.57000000 0.009866674091 N/A DFE MX N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 814013.88000000 USD 15695000.00000000 MXN 2025-07-25 20419.57000000 N N N Lebanese Republic 529900QPC4K9S1KHL354 000000000 475000.00000000 PA USD 89323.75000000 0.043160964207 Long DBT NUSS LB Y 2 2020-03-09 None 0.00000000 Y N N N N N 2025-07-17 PACIFIC SELECT FUND Trevor Smith Trevor Smith Assistant Vice President