Portfolio of Investments (unaudited)
As of July 31, 2019
Principal |
|
Description |
|
Value |
| ||
CORPORATE BONDS66.5% |
|
|
| ||||
AUSTRALIA0.5% |
|
|
| ||||
USD |
200 |
|
Australia and New Zealand Banking Group Ltd., (fixed rate to 06/15/2026, variable rate thereafter), 6.75%, 06/15/2026 (a)(b) |
|
$ |
220,500 |
|
USD |
113 |
|
Mineral Resources Ltd., 8.13%, 05/01/2022 (a)(c) |
|
118,639 |
| |
|
|
|
|
339,139 |
| ||
BAHRAIN0.7% |
|
|
| ||||
USD |
460 |
|
Oil and Gas Holding Co. BSCC, 7.63%, 11/07/2024 (a) |
|
514,452 |
| |
|
|
|
| ||||
BARBADOS0.3% |
|
|
| ||||
USD |
210 |
|
Sagicor Finance 2015 Ltd., 8.88%, 09/02/2019 (a)(c) |
|
220,500 |
| |
|
|
|
| ||||
BRAZIL3.8% |
|
|
| ||||
USD |
220 |
|
CSN Resources SA, 7.63%, 02/13/2021 (a)(c) |
|
232,914 |
| |
USD |
440 |
|
GTL Trade Finance, Inc., 7.25%, 10/16/2043 (a)(c) |
|
532,400 |
| |
BRL |
167 |
|
OAS Restructuring BVI Ltd., 5.00%, 08/30/2019 (c)(d)(e)(f)(g)(h) |
|
|
| |
USD |
151 |
|
Odebrecht Drilling Norbe VIII/IX Ltd., 6.35%, 12/01/2020 (a)(c)(f) |
|
150,156 |
| |
USD |
482 |
|
Petrobras Global Finance BV, 6.90%, 03/19/2049 |
|
540,900 |
| |
USD |
960 |
|
Petrobras Global Finance BV, 8.75%, 05/23/2026 |
|
1,205,760 |
| |
|
|
|
|
2,662,130 |
| ||
CANADA0.4% |
|
|
| ||||
USD |
135 |
|
Bombardier, Inc., 7.50%, 03/15/2020 (a)(c) |
|
137,278 |
| |
USD |
33 |
|
Bombardier, Inc., 7.88%, 04/15/2022 (a)(c) |
|
33,413 |
| |
GBP |
100 |
|
Entertainment One Ltd., 4.63%, 07/15/2022 (a)(c) |
|
124,650 |
| |
|
|
|
|
295,341 |
| ||
CHINA3.5% |
|
|
| ||||
USD |
200 |
|
China Aoyuan Group Ltd., 6.35%, 01/11/2020 (a) |
|
199,987 |
| |
USD |
200 |
|
China Evergrande Group, 8.25%, 03/23/2020 (a)(c) |
|
193,478 |
| |
USD |
200 |
|
Country Garden Holdings Co. Ltd., 8.00%, 09/27/2021 (a)(c) |
|
217,336 |
| |
SGD |
250 |
|
Eastern Air Overseas Hong Kong Co. Ltd., 2.80%, 11/16/2020 (a) |
|
180,818 |
| |
USD |
200 |
|
Industrial & Commercial Bank of China Ltd., (fixed rate to 12/10/2019, variable rate thereafter), 6.00%, 12/10/2019 (a)(b) |
|
201,502 |
| |
USD |
200 |
|
Logan Property Holdings Co. Ltd., 7.50%, 02/25/2021 (a)(c) |
|
207,070 |
| |
USD |
200 |
|
Scenery Journey Ltd., 13.75%, 11/06/2021 (a)(c) |
|
209,998 |
| |
USD |
200 |
|
Shimao Property Holdings Ltd., 6.13%, 02/21/2022 (a)(c) |
|
209,993 |
| |
USD |
200 |
|
Tencent Holdings Ltd., 3.98%, 01/11/2029 (a)(c) |
|
210,847 |
| |
USD |
200 |
|
Times China Holdings Ltd., 7.63%, 02/21/2021 (a)(c) |
|
205,496 |
| |
USD |
200 |
|
Yingde Gases Investment Ltd., 6.25%, 01/19/2021 (a)(c) |
|
203,217 |
| |
USD |
260 |
|
Yingde Gases Investment Ltd., 6.25%, 01/19/2021 (a)(c) |
|
264,182 |
| |
|
|
|
|
2,503,924 |
| ||
COLOMBIA0.6% |
|
|
| ||||
USD |
121 |
|
Banco GNB Sudameris SA, (fixed rate to 04/03/2022, variable thereafter), 6.50%, 04/03/2022 (a)(c) |
|
126,294 |
| |
USD |
275 |
|
Bancolombia SA, (fixed rate to 10/18/2022, variable thereafter), 4.88%, 10/18/2022 (c) |
|
281,190 |
| |
|
|
|
|
407,484 |
| ||
CONGO0.3% |
|
|
| ||||
USD |
210 |
|
HTA Group Ltd., 9.13%, 08/12/2019 (a)(c) |
|
219,429 |
| |
|
|
|
| ||||
DENMARK0.3% |
|
|
| ||||
USD |
200 |
|
DKT Finance ApS, 9.38%, 06/17/2020 (a)(c) |
|
216,490 |
| |
|
|
|
| ||||
ECUADOR0.3% |
|
|
| ||||
USD |
200 |
|
International Airport Finance SA, 12.00%, 03/15/2024 (a)(c)(f) |
|
224,800 |
| |
See Notes to Portfolio of Investments.
Aberdeen Global Income Fund, Inc.
Principal |
|
Description |
|
Value |
| ||
CORPORATE BONDS (continued) |
|
|
| ||||
FRANCE0.2% |
|
|
| ||||
EUR |
100 |
|
Casino Guichard Perrachon SA, 4.56%, 01/25/2023 (a) |
|
$ |
96,171 |
|
EUR |
100 |
|
La Financiere Atalian SASU, 4.00%, 05/15/2020 (a)(c) |
|
76,721 |
| |
|
|
|
|
172,892 |
| ||
GEORGIA0.7% |
|
|
| ||||
USD |
200 |
|
Bank of Georgia JSC, 6.00%, 07/26/2023 (a) |
|
203,508 |
| |
USD |
250 |
|
Georgian Oil and Gas Corp. JSC, 6.75%, 04/26/2021 (a) |
|
260,110 |
| |
|
|
|
|
463,618 |
| ||
GERMANY1.0% |
|
|
| ||||
SGD |
200 |
|
Deutsche Bank AG, 4.10%, 02/14/2021 |
|
147,806 |
| |
EUR |
250 |
|
PrestigeBidCo GmbH, 6.25%, 12/15/2019 (a)(c) |
|
290,236 |
| |
EUR |
135 |
|
Summit Properties Ltd., 2.00%, 01/31/2021 (a)(c) |
|
145,590 |
| |
EUR |
100 |
|
Tele Columbus AG, 3.88%, 05/02/2021 (a)(c) |
|
102,840 |
| |
|
|
|
|
686,472 |
| ||
GUATEMALA0.6% |
|
|
| ||||
USD |
420 |
|
Comunicaciones Celulares SA Via Comcel Trust, 6.88%, 09/03/2019 (a)(c) |
|
434,700 |
| |
|
|
|
|
|
| ||
HONDURAS0.3% |
|
|
| ||||
USD |
220 |
|
Inversiones Atlantida SA, 8.25%, 07/28/2020 (a)(c) |
|
227,977 |
| |
|
|
|
|
|
| ||
INDIA3.8% |
|
|
| ||||
USD |
200 |
|
Adani Green Energy UP Ltd. / Prayatna Developers Pvt Ltd. / Parampujya Solar Energ, 6.25%, 12/10/2024 (a) |
|
205,290 |
| |
INR |
50,000 |
|
Adani Transmission Ltd., 10.25%, 04/15/2021 |
|
752,556 |
| |
USD |
200 |
|
GMR Hyderabad International Airport Ltd., 5.38%, 04/10/2024 (a) |
|
204,800 |
| |
USD |
200 |
|
Greenko Solar Mauritius Ltd., 5.55%, 01/29/2021 (a)(c) |
|
198,993 |
| |
INR |
50,000 |
|
Indiabulls Housing Finance Ltd., 9.00%, 09/26/2026 |
|
709,979 |
| |
USD |
200 |
|
Neerg Energy Ltd., 6.00%, 02/13/2020 (a)(c) |
|
197,800 |
| |
USD |
220 |
|
Vedanta Resources Ltd., 6.13%, 08/09/2021 (a)(c) |
|
206,618 |
| |
USD |
200 |
|
Yes Bank Ifsc Banking Unit Branch, 3.75%, 02/06/2023 (a) |
|
184,100 |
| |
|
|
|
|
2,660,136 |
| ||
INDONESIA2.4% |
|
|
| ||||
USD |
200 |
|
Medco Oak Tree Pte Ltd., 7.38%, 05/14/2023 (a)(c) |
|
201,766 |
| |
USD |
200 |
|
Medco Platinum Road Pte Ltd., 6.75%, 01/30/2022 (a)(c) |
|
199,412 |
| |
USD |
600 |
|
Pertamina Persero PT, 4.30%, 05/20/2023 (a) |
|
627,774 |
| |
USD |
400 |
|
Perusahaan Listrik Negara PT, 5.25%, 10/24/2042 (a) |
|
429,500 |
| |
USD |
200 |
|
TBG Global Pte Ltd., 5.25%, 02/10/2020 (a)(c) |
|
202,824 |
| |
|
|
|
|
1,661,276 |
| ||
ITALY0.6% |
|
|
| ||||
USD |
235 |
|
Telecom Italia Capital SA, 6.00%, 09/30/2034 |
|
238,525 |
| |
USD |
200 |
|
Wind Tre SpA, 5.00%, 11/03/2020 (a)(c) |
|
198,050 |
| |
|
|
|
|
436,575 |
| ||
JAMAICA0.2% |
|
|
| ||||
USD |
149 |
|
Digicel Group One Ltd., 8.25%, 12/30/2020 (a)(c) |
|
91,172 |
| |
USD |
155 |
|
Digicel Group Two Ltd., 8.25%, 09/30/2020 (a)(c) |
|
31,044 |
| |
|
|
|
|
122,216 |
| ||
KAZAKHSTAN1.3% |
|
|
| ||||
USD |
640 |
|
KazMunayGas National Co. JSC, 4.75%, 04/19/2027 (a) |
|
691,751 |
| |
See Notes to Portfolio of Investments.
Principal |
|
Description |
|
Value |
| ||
CORPORATE BONDS (continued) |
|
|
| ||||
USD |
216 |
|
Tengizchevroil Finance Co. International Ltd., 4.00%, 08/15/2026 (a)(f) |
|
$ |
220,916 |
|
|
|
|
|
|
912,667 |
| |
LUXEMBOURG2.3% |
|
|
| ||||
USD |
425 |
|
Altice Financing SA, 7.50%, 05/15/2021 (a)(c) |
|
445,187 |
| |
EUR |
59 |
|
Altice Luxembourg SA, 7.25%, 08/30/2019 (a)(c) |
|
66,757 |
| |
EUR |
100 |
|
Altice Luxembourg SA, 8.00%, 05/15/2022 (a)(c) |
|
113,854 |
| |
USD |
200 |
|
Altice Luxembourg SA, 10.50%, 05/15/2022 (a)(c) |
|
211,750 |
| |
EUR |
340 |
|
ARD Finance SA, 6.63%, 09/15/2019 (c)(e) |
|
389,553 |
| |
EUR |
120 |
|
INEOS Group Holdings SA, 5.38%, 08/12/2019 (a)(c) |
|
135,674 |
| |
EUR |
109 |
|
Kleopatra Holdings 1 SCA, 9.25%, 08/30/2019 (a)(c)(e) |
|
67,859 |
| |
EUR |
152 |
|
Matterhorn Telecom Holding SA, 4.88%, 08/12/2019 (a)(c) |
|
170,143 |
| |
|
|
|
|
|
1,600,777 |
| |
MALAYSIA0.8% |
|
|
| ||||
MYR |
500 |
|
Cagamas Bhd, 4.45%, 11/25/2020 |
|
122,766 |
| |
USD |
200 |
|
Gohl Capital Ltd., 4.25%, 01/24/2027 (a) |
|
208,050 |
| |
MYR |
200 |
|
Malaysia Airports Capital Bhd, 4.55%, 08/28/2020 |
|
48,857 |
| |
USD |
200 |
|
Press Metal Labuan Ltd., 4.80%, 10/30/2020 (a)(c) |
|
199,300 |
| |
|
|
|
|
|
578,973 |
| |
MEXICO 0.9% |
|
|
| ||||
USD |
230 |
|
BBVA Bancomer SA, (fixed rate to 01/17/2028, variable rate thereafter), 5.13%, 01/17/2028 (a)(c) |
|
221,087 |
| |
USD |
210 |
|
Sixsigma Networks Mexico SA de CV, 7.50%, 05/02/2021 (a)(c) |
|
202,346 |
| |
USD |
224 |
|
Unifin Financiera SAB de CV SOFOM ENR, (fixed rate to 01/29/2025, variable thereafter), 8.88%, 01/29/2025 (a)(b) |
|
203,562 |
| |
|
|
|
|
|
626,995 |
| |
MONGOLIA0.6% |
|
|
| ||||
USD |
200 |
|
Mongolian Mining Corp/Energy Resources LLC, 9.25%, 04/15/2021 (a)(c) |
|
195,702 |
| |
USD |
200 |
|
Trade & Development Bank of Mongolia LLC, 9.38%, 05/19/2020 (a)(i) |
|
206,594 |
| |
|
|
|
|
|
402,296 |
| |
NETHERLANDS 1.8% |
|
|
| ||||
USD |
160 |
|
Cimpress NV, 7.00%, 06/15/2021 (a)(c) |
|
160,400 |
| |
EUR |
100 |
|
InterXion Holding, 4.75%, 06/15/2021 (a)(c) |
|
120,411 |
| |
EUR |
139 |
|
Lincoln Financing SARL, 3.63%, 10/01/2020 (a)(c) |
|
158,489 |
| |
EUR |
100 |
|
Lincoln Financing SARL, 3.88%, 04/01/2020 (a)(c)(j) |
|
111,381 |
| |
EUR |
100 |
|
Trivium Packaging Finance BV, 3.38%, 08/15/2020 (a)(c)(j) |
|
112,222 |
| |
EUR |
170 |
|
UPCB Finance VII Ltd., 3.63%, 06/15/2022 (a)(c) |
|
200,439 |
| |
USD |
410 |
|
Ziggo BV, 5.50%, 01/15/2022 (a)(c) |
|
419,738 |
| |
|
|
|
|
|
1,283,080 |
| |
NIGERIA1.6% |
|
|
| ||||
USD |
210 |
|
Ecobank Transnational, Inc., 9.50%, 04/18/2024 (a) |
|
238,532 |
| |
USD |
200 |
|
IHS Netherlands Holdco BV, 9.50%, 09/03/2019 (a)(c) |
|
206,760 |
| |
USD |
220 |
|
SEPLAT Petroleum Development Co. PLC, 9.25%, 04/01/2020 (a)(c) |
|
234,300 |
| |
USD |
420 |
|
United Bank for Africa PLC, 7.75%, 06/08/2022 (a) |
|
449,732 |
| |
|
|
|
|
|
1,129,324 |
| |
OMAN0.3% |
|
|
| ||||
USD |
230 |
|
Oztel Holdings SPC Ltd., 6.63%, 04/24/2028 (a) |
|
235,764 |
| |
See Notes to Portfolio of Investments.
Principal |
|
Description |
|
Value |
| ||
CORPORATE BONDS (continued) |
|
|
| ||||
RUSSIA1.6% |
|
|
| ||||
USD |
301 |
|
Evraz PLC, 5.38%, 03/20/2023 (a) |
|
$ |
318,157 |
|
USD |
230 |
|
Gazprom OAO Via Gaz Capital SA, 4.95%, 03/23/2027 (a) |
|
243,823 |
| |
USD |
300 |
|
Gazprom OAO Via Gaz Capital SA, 6.00%, 01/23/2021 (a) |
|
313,333 |
| |
USD |
200 |
|
GTH Finance BV, 7.25%, 01/26/2023 (a)(c) |
|
221,684 |
| |
|
|
|
|
|
1,096,997 |
| |
SAUDI ARABIA0.3% |
|
|
| ||||
USD |
200 |
|
Saudi Arabian Oil Co., 4.25%, 04/16/2039 (a) |
|
208,167 |
| |
|
|
|
| ||||
SINGAPORE0.6% |
|
|
| ||||
USD |
200 |
|
DBS Group Holdings Ltd., (fixed rate to 12/11/2023, variable thereafter), 4.52%, 12/11/2023 (a)(c) |
|
211,065 |
| |
USD |
200 |
|
Parkway Pantai Ltd., (fixed rate to 07/27/2022, variable rate thereafter), 4.25%, 07/27/2022 (a)(b) |
|
199,300 |
| |
|
|
|
|
|
410,365 |
| |
SOUTH AFRICA0.3% |
|
|
| ||||
USD |
210 |
|
Liquid Telecommunications Financing PLC, 8.50%, 07/13/2020 (a)(c) |
|
211,336 |
| |
|
|
|
| ||||
SWEDEN0.2% |
|
|
| ||||
EUR |
100 |
|
Intrum AB, 3.50%, 07/15/2022 (a)(c) |
|
111,376 |
| |
|
|
|
| ||||
SWITZERLAND0.3% |
|
|
| ||||
USD |
200 |
|
Credit Suisse Group AG, (fixed rate to 12/18/2024, variable rate thereafter), 6.25%, 12/18/2024 (a)(b) |
|
210,625 |
| |
|
|
|
| ||||
TURKEY1.4% |
|
|
| ||||
USD |
600 |
|
Hazine Mustesarligi Varlik Kiralama AS, 5.00%, 04/06/2023 (a) |
|
588,000 |
| |
USD |
209 |
|
Turkiye Vakiflar Bankasi TAO, 6.00%, 11/01/2022 (a) |
|
194,370 |
| |
USD |
200 |
|
Yapi ve Kredi Bankasi AS, (fixed rate to 01/15/2024, variable thereafter), 13.88%, 01/15/2024 (a)(b) |
|
208,628 |
| |
|
|
|
|
|
990,998 |
| |
UKRAINE1.2% |
|
|
| ||||
USD |
220 |
|
Metinvest BV, 8.50%, 01/23/2026 (a)(c) |
|
233,860 |
| |
USD |
243 |
|
MHP Lux SA, 6.95%, 04/03/2026 (a) |
|
249,364 |
| |
USD |
105 |
|
Ukreximbank Via Biz Finance PLC, 9.63%, 04/27/2022 (a)(f) |
|
110,184 |
| |
UAH |
6,000 |
|
Ukreximbank Via Biz Finance PLC, 16.50%, 03/02/2021 (a) |
|
231,596 |
| |
|
|
|
|
|
825,004 |
| |
UNITED ARAB EMIRATES0.3% |
|
|
| ||||
USD |
200 |
|
MAF Global Securities Ltd., (fixed rate to 09/07/2022, variable rate thereafter), 5.50%, 09/07/2022 (a)(b) |
|
200,404 |
| |
|
|
|
| ||||
UNITED KINGDOM4.3% |
|
|
| ||||
EUR |
200 |
|
Barclays PLC, (fixed rate to 09/15/2019, variable thereafter), 6.50%, 09/15/2019 (b) |
|
221,834 |
| |
EUR |
130 |
|
Corral Petroleum Holdings AB, 11.75%, 08/15/2019 (a)(c)(e) |
|
151,825 |
| |
GBP |
110 |
|
CYBG PLC, (fixed rate to 02/08/2021, variable thereafter), 5.00%, 02/08/2021 (a)(c) |
|
134,243 |
| |
GBP |
200 |
|
CYBG PLC, (fixed rate to 12/08/2022, variable thereafter), 8.00%, 12/08/2022 (a)(b) |
|
233,491 |
| |
GBP |
100 |
|
Lloyds Bank PLC, (fixed rate to 01/21/2029, variable thereafter), 13.00%, 01/21/2029 (b) |
|
210,133 |
| |
GBP |
300 |
|
Moto Finance PLC, 4.50%, 08/30/2019 (a)(c) |
|
361,546 |
| |
GBP |
185 |
|
Paragon Banking Group PLC (The), (fixed rate to 09/09/2021, variable thereafter), 7.25%, 09/09/2021 (a)(c) |
|
239,505 |
| |
GBP |
150 |
|
Phoenix Group Holdings, 6.63%, 12/18/2025 |
|
202,091 |
| |
GBP |
235 |
|
Pinewood Finance Co. Ltd., 3.75%, 12/01/2019 (a)(c) |
|
291,895 |
| |
See Notes to Portfolio of Investments.
Principal |
|
Description |
|
Value |
| ||
CORPORATE BONDS (continued) |
|
|
| ||||
GBP |
135 |
|
Pinnacle Bidco PLC, 6.38%, 02/15/2021 (a)(c) |
|
$ |
173,018 |
|
GBP |
200 |
|
RAC Bond Co. PLC, 5.00%, 08/30/2019 (a)(c) |
|
221,064 |
| |
USD |
200 |
|
Standard Chartered PLC, (fixed rate to 04/02/2023, variable thereafter), 7.75%, 04/02/2023 (a)(b) |
|
215,000 |
| |
GBP |
100 |
|
TalkTalk Telecom Group PLC, 5.38%, 08/30/2019 (a)(c) |
|
124,378 |
| |
USD |
245 |
|
Virgin Media Finance PLC, 5.75%, 01/15/2020 (a)(c) |
|
254,727 |
| |
|
|
|
|
|
3,034,750 |
| |
UNITED STATES25.6% |
|
|
| ||||
USD |
229 |
|
ACI Worldwide, Inc., 5.75%, 08/15/2021 (a)(c) |
|
238,160 |
| |
EUR |
200 |
|
Adient Global Holdings Ltd., 3.50%, 05/15/2024 (a)(c) |
|
177,674 |
| |
USD |
80 |
|
Ally Financial, Inc., 3.88%, 04/21/2024 (c) |
|
82,600 |
| |
GBP |
200 |
|
AMC Entertainment Holdings, Inc., 6.38%, 11/15/2019 (c) |
|
236,369 |
| |
USD |
56 |
|
Avis Budget Car Rental LLC / Avis Budget Finance, Inc., 5.50%, 09/03/2019 (c) |
|
57,064 |
| |
USD |
53 |
|
Avis Budget Car Rental LLC / Avis Budget Finance, Inc., 5.75%, 06/15/2022 (a)(c) |
|
53,530 |
| |
USD |
120 |
|
Banff Merger Sub, Inc., 9.75%, 09/01/2021 (a)(c) |
|
106,800 |
| |
USD |
128 |
|
Bank of America Corp., (fixed rate to 09/05/2024, variable thereafter), 6.25%, 09/05/2024 (b) |
|
139,200 |
| |
USD |
239 |
|
Bausch Health Americas, Inc., 8.50%, 07/31/2022 (a)(c) |
|
263,223 |
| |
USD |
105 |
|
Bausch Health Cos, Inc., 7.00%, 03/15/2020 (a)(c) |
|
110,775 |
| |
EUR |
120 |
|
Bausch Health Cos. Inc., 4.50%, 08/30/2019 (a)(c) |
|
134,301 |
| |
USD |
30 |
|
Berry Global, Inc., 4.50%, 02/15/2021 (a)(c) |
|
30,075 |
| |
USD |
118 |
|
Berry Global, Inc., 4.88%, 07/15/2022 (a)(c) |
|
122,720 |
| |
USD |
240 |
|
Boyd Gaming Corp., 6.38%, 04/01/2021 (c) |
|
253,200 |
| |
USD |
122 |
|
Bruin E&P Partners LLC, 8.88%, 08/01/2020 (a)(c) |
|
91,195 |
| |
USD |
196 |
|
Builders FirstSource, Inc., 5.63%, 09/01/2019 (a)(c) |
|
202,860 |
| |
USD |
6 |
|
Builders FirstSource, Inc., 6.75%, 06/01/2022 (a)(c) |
|
6,315 |
| |
USD |
150 |
|
Calpine Corp., 5.25%, 06/01/2021 (a)(c) |
|
151,503 |
| |
USD |
53 |
|
CCO Holdings LLC / CCO Holdings Capital Corp., 5.38%, 06/01/2024 (a)(c) |
|
54,921 |
| |
USD |
525 |
|
CCO Holdings LLC / CCO Holdings Capital Corp., 5.75%, 02/15/2021 (a)(c) |
|
553,066 |
| |
USD |
109 |
|
Cedar Fair LP, 5.25%, 07/15/2024 (a)(c) |
|
112,815 |
| |
USD |
125 |
|
Century Communities, Inc., 5.88%, 07/15/2020 (c) |
|
125,625 |
| |
USD |
114 |
|
Century Communities, Inc., 6.75%, 06/01/2022 (a)(c) |
|
117,847 |
| |
USD |
100 |
|
CenturyLink, Inc., 5.63%, 04/01/2020 |
|
101,312 |
| |
USD |
292 |
|
Change Healthcare Holdings LLC / Change Healthcare Finance, Inc., 5.75%, 03/01/2020 (a)(c) |
|
292,642 |
| |
USD |
374 |
|
Cheniere Corpus Christi Holdings LLC, 5.88%, 10/02/2024 (c) |
|
411,437 |
| |
USD |
90 |
|
Cheniere Energy Partners LP, 5.25%, 10/01/2020 (c) |
|
93,264 |
| |
USD |
140 |
|
Chesapeake Energy Corp., 8.00%, 01/15/2020 (c) |
|
119,700 |
| |
USD |
112 |
|
Clean Harbors, Inc., 4.88%, 07/15/2022 (a)(c) |
|
115,220 |
| |
USD |
16 |
|
Clean Harbors, Inc., 5.13%, 07/15/2024 (a)(c) |
|
16,865 |
| |
USD |
240 |
|
Cogent Communications Group, Inc., 5.38%, 12/01/2021 (a)(c) |
|
250,200 |
| |
USD |
40 |
|
Colfax Corp., 6.00%, 02/15/2021 (a)(c) |
|
42,363 |
| |
USD |
76 |
|
Colfax Corp., 6.38%, 02/15/2022 (a)(c) |
|
81,344 |
| |
USD |
143 |
|
Commercial Metals Co., 5.75%, 04/15/2021 (c) |
|
147,290 |
| |
USD |
167 |
|
CommScope, Inc., 6.00%, 03/01/2022 (a)(c) |
|
168,829 |
| |
USD |
39 |
|
CommScope, Inc., 8.25%, 03/01/2022 (a)(c) |
|
38,415 |
| |
USD |
195 |
|
Consolidated Communications, Inc., 6.50%, 09/03/2019 (c) |
|
176,790 |
| |
EUR |
265 |
|
Crown European Holdings SA, 3.38%, 11/15/2024 (a)(c) |
|
326,123 |
| |
USD |
200 |
|
CSC Holdings LLC, 6.50%, 02/01/2024 (a)(c) |
|
220,500 |
| |
USD |
200 |
|
CSC Holdings LLC, 10.88%, 10/15/2020 (a)(c) |
|
227,814 |
| |
USD |
108 |
|
Cumulus Media New Holdings, Inc., 6.75%, 07/01/2022 (a)(c) |
|
110,295 |
| |
USD |
145 |
|
CyrusOne LP / CyrusOne Finance Corp., 5.38%, 03/15/2022 (c) |
|
153,700 |
| |
USD |
95 |
|
DaVita, Inc., 5.13%, 08/16/2019 (c) |
|
94,907 |
| |
See Notes to Portfolio of Investments.
Principal |
|
Description |
|
Value |
| ||
CORPORATE BONDS (continued) |
|
|
| ||||
USD |
240 |
|
Dell International LLC / EMC Corp., 5.30%, 07/01/2029 (a)(c) |
|
$ |
255,261 |
|
USD |
76 |
|
Dell International LLC / EMC Corp., 5.88%, 08/16/2019 (a)(c) |
|
77,314 |
| |
USD |
55 |
|
Dell International LLC / EMC Corp., 6.02%, 03/15/2026 (a)(c) |
|
60,810 |
| |
USD |
150 |
|
Delta Air Lines, Inc., 4.38%, 01/19/2028 (c) |
|
157,762 |
| |
USD |
107 |
|
Diamond Sports Group LLC / Diamond Sports Finance Co., 5.38%, 08/15/2022 (a)(c) |
|
108,739 |
| |
USD |
118 |
|
Diamond Sports Group LLC / Diamond Sports Finance Co., 6.63%, 08/15/2022 (a)(c) |
|
120,581 |
| |
USD |
245 |
|
Diamondback Energy, Inc., 5.38%, 05/31/2020 (c) |
|
257,250 |
| |
USD |
145 |
|
DISH DBS Corp., 5.00%, 03/15/2023 |
|
139,925 |
| |
USD |
140 |
|
DISH DBS Corp., 5.88%, 07/15/2022 |
|
141,508 |
| |
USD |
135 |
|
Encompass Health Corp., 5.13%, 09/03/2019 (c) |
|
136,890 |
| |
EUR |
100 |
|
Energizer Gamma Acquisition BV, 4.63%, 07/15/2021 (a)(c) |
|
115,394 |
| |
USD |
135 |
|
First Data Corp., 5.75%, 08/03/2019 (a)(c) |
|
138,888 |
| |
USD |
85 |
|
GCI LLC, 6.63%, 06/15/2021 (a)(c) |
|
90,525 |
| |
USD |
85 |
|
GCI LLC, 6.88%, 04/15/2020 (c) |
|
89,356 |
| |
USD |
142 |
|
General Motors Financial Co., Inc., Series A, (fixed rate to 09/30/2027, variable rate thereafter), 5.75%, 09/30/2027 (b) |
|
132,415 |
| |
USD |
139 |
|
Getty Images, Inc., 9.75%, 03/01/2022 (a)(c) |
|
145,255 |
| |
USD |
322 |
|
Goldman Sachs Group, Inc. (The), (fixed rate to 05/10/2020, variable thereafter), 5.38%, 05/10/2020 (b) |
|
324,834 |
| |
USD |
120 |
|
Goodyear Tire & Rubber Co. (The), 5.00%, 05/31/2021 (c) |
|
119,718 |
| |
USD |
193 |
|
Graham Holdings Co., 5.75%, 06/01/2021 (a)(c) |
|
205,584 |
| |
USD |
125 |
|
Gray Television, Inc., 7.00%, 05/15/2022 (a)(c) |
|
136,719 |
| |
USD |
21 |
|
Harland Clarke Holdings Corp., 8.38%, 09/03/2019 (a)(c) |
|
17,745 |
| |
USD |
299 |
|
HCA, Inc., 5.88%, 08/15/2025 (c) |
|
332,637 |
| |
USD |
10 |
|
HCA, Inc., 5.88%, 08/01/2028 (c) |
|
11,163 |
| |
USD |
115 |
|
HCA, Inc., 7.50%, 02/15/2022 |
|
127,328 |
| |
EUR |
179 |
|
International Game Technology PLC, 3.50%, 06/15/2022 (a)(c) |
|
208,869 |
| |
EUR |
100 |
|
IQVIA, Inc., 2.25%, 01/15/2028 |
|
110,700 |
| |
USD |
140 |
|
Iron Mountain, Inc., 5.25%, 12/27/2022 (a)(c) |
|
141,050 |
| |
USD |
212 |
|
j2 Cloud Services LLC / j2 Global Co-Obligor, Inc., 6.00%, 07/15/2020 (a)(c) |
|
223,766 |
| |
USD |
180 |
|
JPMorgan Chase & Co., (fixed rate to 11/01/2022, variable thereafter), 4.63%, 11/01/2022 (b) |
|
176,400 |
| |
USD |
60 |
|
Lennar Corp., 4.50%, 01/31/2024 (c) |
|
62,580 |
| |
USD |
145 |
|
Lennar Corp., 4.75%, 05/29/2027 (c) |
|
152,250 |
| |
USD |
185 |
|
Lennar Corp., 4.88%, 09/15/2023 (c) |
|
194,712 |
| |
USD |
170 |
|
MDC Holdings, Inc., 6.00%, 10/15/2042 (c) |
|
167,450 |
| |
USD |
243 |
|
Meredith Corp., 6.88%, 02/01/2021 (c) |
|
257,580 |
| |
USD |
161 |
|
MGM Resorts International, 4.63%, 06/01/2026 (c) |
|
165,025 |
| |
USD |
47 |
|
MGM Resorts International, 5.50%, 01/15/2027 (c) |
|
49,834 |
| |
USD |
77 |
|
Midcontinent Communications / Midcontinent Finance Corp., 5.38%, 08/15/2022 (a)(c) |
|
78,925 |
| |
USD |
190 |
|
Morgan Stanley, (fixed rate to 07/15/2020, variable thereafter), 5.55%, 07/15/2020 (b) |
|
192,789 |
| |
USD |
142 |
|
Moss Creek Resources Holdings, Inc., 7.50%, 01/15/2021 (a)(c) |
|
111,115 |
| |
USD |
53 |
|
MPT Operating Partnership LP / MPT Finance Corp., 5.00%, 10/15/2022 (c) |
|
54,855 |
| |
USD |
95 |
|
Netflix, Inc., 5.88%, 11/15/2028 |
|
104,263 |
| |
USD |
285 |
|
Netflix, Inc., 6.38%, 05/15/2029 (a) |
|
319,114 |
| |
USD |
159 |
|
New Enterprise Stone & Lime Co., Inc., 10.13%, 09/03/2019 (a)(c) |
|
162,776 |
| |
USD |
53 |
|
Nine Energy Service, Inc., 8.75%, 11/01/2020 (a)(c) |
|
51,808 |
| |
USD |
95 |
|
Novelis Corp., 5.88%, 09/30/2021 (a)(c) |
|
98,444 |
| |
USD |
54 |
|
NRG Energy, Inc., 5.25%, 06/15/2024 (a)(c) |
|
56,970 |
| |
USD |
60 |
|
NRG Energy, Inc., 7.25%, 05/15/2021 (c) |
|
64,777 |
| |
USD |
250 |
|
Oasis Petroleum, Inc., 6.88%, 09/03/2019 (c) |
|
246,726 |
| |
USD |
140 |
|
OI European Group BV, 4.00%, 12/15/2022 (a)(c) |
|
140,700 |
| |
USD |
210 |
|
Parsley Energy LLC / Parsley Finance Corp., 5.63%, 10/15/2022 (a)(c) |
|
216,825 |
| |
See Notes to Portfolio of Investments.
Principal |
|
Description |
|
Value |
| ||
CORPORATE BONDS (continued) |
|
|
| ||||
USD |
21 |
|
Pitney Bowes, Inc., 3.88%, 09/01/2021 (c) |
|
$ |
20,427 |
|
USD |
55 |
|
Post Holdings, Inc., 5.00%, 08/15/2021 (a)(c) |
|
56,169 |
| |
USD |
167 |
|
Post Holdings, Inc., 5.00%, 08/15/2021 (a)(c) |
|
170,549 |
| |
USD |
125 |
|
Qwest Capital Funding, Inc., 6.88%, 07/15/2028 |
|
114,687 |
| |
USD |
125 |
|
Qwest Capital Funding, Inc., 7.75%, 02/15/2031 |
|
115,625 |
| |
USD |
199 |
|
Rite Aid Corp., 6.13%, 09/03/2019 (a)(c) |
|
167,906 |
| |
USD |
145 |
|
Rivers Pittsburgh Borrower LP/Rivers Pittsburgh Finance Corp., 6.13%, 08/15/2019 (a)(c) |
|
147,175 |
| |
USD |
377 |
|
Sabine Pass Liquefaction LLC, 5.63%, 12/01/2024 (c) |
|
418,457 |
| |
USD |
150 |
|
Six Flags Entertainment Corp., 4.88%, 09/03/2019 (a)(c) |
|
153,375 |
| |
USD |
140 |
|
SM Energy Co., 6.75%, 09/15/2021 (c) |
|
126,000 |
| |
USD |
364 |
|
Sprint Corp., 7.88%, 09/15/2023 |
|
405,860 |
| |
USD |
170 |
|
Staples, Inc., 7.50%, 04/15/2022 (a)(c) |
|
173,825 |
| |
USD |
85 |
|
Staples, Inc., 10.75%, 04/15/2022 (a)(c) |
|
87,975 |
| |
USD |
120 |
|
State Street Corp., 3.41%, 09/03/2019 (j) |
|
93,000 |
| |
USD |
140 |
|
SunCoke Energy Partners LP / SunCoke Energy Partners Finance Corp., 7.50%, 06/15/2020 (a)(c) |
|
138,768 |
| |
USD |
260 |
|
T-Mobile USA, Inc., 6.50%, 01/15/2021 (c) |
|
276,822 |
| |
USD |
22 |
|
Targa Resources Partners LP / Targa Resources Partners Finance Corp., 6.50%, 07/15/2022 (a)(c) |
|
23,953 |
| |
USD |
309 |
|
Tenet Healthcare Corp., 4.63%, 07/15/2020 (c) |
|
314,253 |
| |
USD |
65 |
|
Tenet Healthcare Corp., 6.25%, 02/01/2022 (a)(c) |
|
67,470 |
| |
USD |
55 |
|
TransDigm, Inc., 6.00%, 09/03/2019 (c) |
|
55,567 |
| |
USD |
114 |
|
USA Compression Partners LP / USA Compression Finance Corp., 6.88%, 09/01/2022 (a)(c) |
|
118,550 |
| |
USD |
187 |
|
Valvoline, Inc., 5.50%, 09/03/2019 (c) |
|
193,077 |
| |
USD |
215 |
|
Viking Cruises Ltd., 6.25%, 05/15/2020 (a)(c) |
|
221,450 |
| |
USD |
22 |
|
Western Midstream Operating LP, 4.50%, 12/01/2027 (c) |
|
21,893 |
| |
USD |
56 |
|
Western Midstream Operating LP, 4.75%, 05/15/2028 (c) |
|
56,186 |
| |
USD |
68 |
|
WPX Energy, Inc., 5.75%, 06/01/2021 (c) |
|
69,870 |
| |
USD |
115 |
|
WPX Energy, Inc., 8.25%, 06/01/2023 (c) |
|
129,375 |
| |
USD |
115 |
|
Wyndham Destinations, Inc., 5.40%, 02/01/2024 (c) |
|
121,037 |
| |
USD |
110 |
|
Wyndham Destinations, Inc., 6.35%, 07/01/2025 (c) |
|
120,428 |
| |
|
|
|
|
|
18,044,481 |
| |
ZAMBIA0.3% |
|
|
| ||||
USD |
230 |
|
First Quantum Minerals Ltd., 7.50%, 04/01/2020 (a)(c) |
|
225,112 |
| |
|
|
|
Total Corporate Bonds 66.5% (cost $46,665,567) |
|
46,809,042 |
| |
|
|
|
| ||||
GOVERNMENT BONDS67.0% |
|
|
| ||||
ANGOLA1.0% |
|
|
| ||||
USD |
640 |
|
Angolan Government International Bond, 9.38%, 05/08/2048 (a) |
|
706,080 |
| |
|
|
|
|
|
|
| |
ARGENTINA2.4% |
|
|
| ||||
ARS |
9,600 |
|
Argentina POM Politica Monetaria, Argentina Central Bank 7-day Repo Reference Rate, 61.67%, 06/21/2020 (j) |
|
211,864 |
| |
USD |
440 |
|
Argentine Republic Government International Bond, 5.63%, 01/26/2022 |
|
378,840 |
| |
USD |
1,090 |
|
Argentine Republic Government International Bond, 6.88%, 01/26/2027 |
|
901,975 |
| |
USD |
203 |
|
Argentine Republic Government International Bond, 8.28%, 12/31/2033 (f) |
|
169,650 |
| |
|
|
|
|
|
1,662,329 |
| |
AUSTRALIA10.8% |
|
|
| ||||
AUD |
300 |
|
Australia Government Bond, 2.75%, 11/21/2028 (a) |
|
233,381 |
| |
AUD |
2,500 |
|
Australia Government Bond, 3.25%, 06/21/2039 (a) |
|
2,174,678 |
| |
See Notes to Portfolio of Investments.
Principal |
|
Description |
|
Value |
| |||
GOVERNMENT BONDS (continued) |
|
|
| |||||
AUD |
3,500 |
|
Queensland Treasury Corp., 3.25%, 07/21/2028 (a) |
|
$ |
2,719,092 |
| |
AUD |
3,100 |
|
Treasury Corp. of Victoria, 6.00%, 10/17/2022 |
|
2,453,697 |
| ||
|
|
|
|
|
7,580,848 |
| ||
BAHRAIN0.7% |
|
|
| |||||
USD |
430 |
|
Bahrain Government International Bond, 7.00%, 01/26/2026 (a) |
|
482,597 |
| ||
|
|
|
|
|
|
| ||
BRAZIL2.9% |
|
|
| |||||
BRL |
2,400 |
|
Brazil Notas do Tesouro Nacional, 10.00%, 01/01/2025 |
|
714,723 |
| ||
BRL |
2,000 |
|
Brazil Notas do Tesouro Nacional, 10.00%, 01/01/2029 |
|
618,024 |
| ||
USD |
210 |
|
Brazilian Government International Bond, 2.63%, 01/05/2023 |
|
209,475 |
| ||
USD |
400 |
|
Brazilian Government International Bond, 7.13%, 01/20/2037 |
|
511,504 |
| ||
|
|
|
|
|
2,053,726 |
| ||
COLOMBIA0.5% |
|
|
| |||||
USD |
200 |
|
Colombia Government International Bond, 4.50%, 10/28/2025 (c) |
|
215,300 |
| ||
USD |
120 |
|
Colombia Government International Bond, 7.38%, 09/18/2037 |
|
165,151 |
| ||
|
|
|
|
|
380,451 |
| ||
COSTA RICA1.3% |
|
|
| |||||
USD |
710 |
|
Costa Rica Government International Bond, 4.25%, 01/26/2023 (a) |
|
703,794 |
| ||
USD |
230 |
|
Costa Rica Government International Bond, 7.16%, 03/12/2045 (a) |
|
237,765 |
| ||
|
|
|
|
|
941,559 |
| ||
DOMINICAN REPUBLIC1.7% |
|
|
| |||||
USD |
210 |
|
Dominican Republic International Bond, 5.50%, 01/27/2025 (a) |
|
223,127 |
| ||
USD |
210 |
|
Dominican Republic International Bond, 5.88%, 04/18/2024 (a)(f) |
|
224,973 |
| ||
USD |
100 |
|
Dominican Republic International Bond, 6.88%, 01/29/2026 (a) |
|
113,626 |
| ||
USD |
530 |
|
Dominican Republic International Bond, 8.63%, 04/20/2027 (a)(f) |
|
639,318 |
| ||
|
|
|
|
|
1,201,044 |
| ||
ECUADOR1.8% |
|
|
| |||||
USD |
630 |
|
Ecuador Government International Bond, 8.75%, 06/02/2023 (a) |
|
678,195 |
| ||
USD |
500 |
|
Ecuador Government International Bond, 10.75%, 01/31/2029 (a) |
|
560,000 |
| ||
|
|
|
|
|
1,238,195 |
| ||
EGYPT2.9% |
|
|
| |||||
USD |
405 |
|
Egypt Government International Bond, 7.60%, 03/01/2029 (a) |
|
433,601 |
| ||
USD |
860 |
|
Egypt Government International Bond, 7.90%, 02/21/2048 (a) |
|
892,893 |
| ||
EGP |
12,000 |
|
Egypt Treasury Bills, Zero Coupon, 08/20/2019 |
|
719,302 |
| ||
|
|
|
|
|
2,045,796 |
| ||
EL SALVADOR1.4% |
|
|
| |||||
USD |
260 |
|
El Salvador Government International Bond, 5.88%, 01/30/2025 (a) |
|
267,150 |
| ||
USD |
640 |
|
El Salvador Government International Bond, 7.65%, 06/15/2035 (a) |
|
695,206 |
| ||
|
|
|
|
|
962,356 |
| ||
GHANA1.1% |
|
|
| |||||
GHS |
1,700 |
|
Ghana Government Bond, 21.50%, 03/09/2020 |
|
322,200 |
| ||
USD |
420 |
|
Ghana Government International Bond, 7.63%, 05/16/2029 (a)(f) |
|
429,013 |
| ||
|
|
|
|
|
751,213 |
| ||
INDONESIA5.5% |
|
|
| |||||
USD |
940 |
|
Indonesia Government International Bond, 4.13%, 01/15/2025 (a) |
|
996,621 |
| ||
USD |
800 |
|
Indonesia Government International Bond, 5.13%, 01/15/2045 (a) |
|
918,329 |
| ||
IDR |
8,400,000 |
|
Indonesia Treasury Bond, 5.63%, 05/15/2023 |
|
579,604 |
| ||
See Notes to Portfolio of Investments.
Principal |
|
Description |
|
Value |
| |||
GOVERNMENT BONDS (continued) |
|
|
| |||||
IDR |
18,700,000 |
|
Indonesia Treasury Bond, 8.13%, 05/15/2024 |
|
$ |
1,406,242 |
| |
|
|
|
|
|
3,900,796 |
| ||
KAZAKHSTAN2.1% |
|
|
| |||||
USD |
520 |
|
Kazakhstan Government International Bond, 3.88%, 10/14/2024 (a) |
|
549,900 |
| ||
USD |
681 |
|
Kazakhstan Government International Bond, 6.50%, 07/21/2045 (a) |
|
944,972 |
| ||
|
|
|
|
|
1,494,872 |
| ||
KENYA1.2% |
|
|
| |||||
USD |
420 |
|
Kenya Government International Bond, 6.88%, 06/24/2024 (a) |
|
451,248 |
| ||
USD |
410 |
|
Kenya Government International Bond, 8.25%, 02/28/2048 (a) |
|
426,507 |
| ||
|
|
|
|
|
877,755 |
| ||
MALAYSIA2.2% |
|
|
| |||||
MYR |
900 |
|
Malaysia Government Bond, 3.49%, 03/31/2020 |
|
218,595 |
| ||
MYR |
2,600 |
|
Malaysia Government Bond, 3.88%, 03/10/2022 |
|
639,071 |
| ||
MYR |
2,700 |
|
Malaysia Government Bond, 4.18%, 07/15/2024 |
|
675,294 |
| ||
|
|
|
|
|
1,532,960 |
| ||
MEXICO 0.9% |
|
|
| |||||
MXN |
4,600 |
|
Mexican Bonos, 5.75%, 03/05/2026 |
|
219,677 |
| ||
USD |
400 |
|
Mexico Government International Bond, 3.50%, 01/21/2021 |
|
406,004 |
| ||
|
|
|
|
|
625,681 |
| ||
NEW ZEALAND4.4% |
|
|
| |||||
NZD |
3,800 |
|
New Zealand Government Bond, 4.50%, 04/15/2027 (a) |
|
3,077,384 |
| ||
|
|
|
|
|
|
| ||
NIGERIA2.1% |
|
|
| |||||
NGN |
296,000 |
|
Nigeria Government Bond, 14.50%, 07/15/2021 |
|
846,695 |
| ||
USD |
200 |
|
Nigeria Government International Bond, 7.14%, 02/23/2030 (a) |
|
206,408 |
| ||
USD |
200 |
|
Nigeria Government International Bond, 7.63%, 11/28/2047 (a) |
|
201,116 |
| ||
USD |
200 |
|
Nigeria Government International Bond, 7.88%, 02/16/2032 (a) |
|
212,380 |
| ||
|
|
|
|
|
1,466,599 |
| ||
OMAN1.0% |
|
|
| |||||
USD |
460 |
|
Oman Government International Bond, 6.00%, 08/01/2029 (a) |
|
458,850 |
| ||
USD |
230 |
|
Oman Government International Bond, 6.75%, 01/17/2048 (a) |
|
216,527 |
| ||
|
|
|
|
|
675,377 |
| ||
PARAGUAY0.3% |
|
|
| |||||
USD |
200 |
|
Paraguay Government International Bond, 5.00%, 04/15/2026 (a) |
|
219,002 |
| ||
|
|
|
|
|
|
| ||
PERU1.5% |
|
|
| |||||
PEN |
1,485 |
|
Peru Government Bond, 6.15%, 08/12/2032 (a) |
|
509,894 |
| ||
PEN |
1,450 |
|
Peruvian Government International Bond, 6.95%, 08/12/2031 (a) |
|
529,962 |
| ||
|
|
|
|
|
1,039,856 |
| ||
PHILIPPINES1.3% |
|
|
| |||||
PHP |
2,640 |
|
Philippine Government Bond, 5.50%, 03/08/2023 |
|
53,359 |
| ||
PHP |
7,930 |
|
Philippine Government Bond, 5.75%, 04/12/2025 |
|
163,970 |
| ||
PHP |
32,960 |
|
Philippine Government Bond, 6.25%, 03/22/2028 |
|
716,149 |
| ||
|
|
|
|
|
933,478 |
| ||
POLAND0.5% |
|
|
| |||||
PLN |
1,400 |
|
Republic of Poland Government Bond, 4.00%, 10/25/2023 |
|
393,096 |
| ||
See Notes to Portfolio of Investments.
Principal |
|
Description |
|
Value |
| ||
GOVERNMENT BONDS (continued) |
|
|
| ||||
QATAR0.4% |
|
|
| ||||
USD |
217 |
|
Qatar Government International Bond, 5.10%, 04/23/2048 (a) |
|
$ |
260,788 |
|
|
|
|
|
|
|
| |
ROMANIA2.2% |
|
|
| ||||
USD |
1,470 |
|
Romanian Government International Bond, 4.88%, 01/22/2024 (a) |
|
1,584,292 |
| |
|
|
|
|
|
|
| |
RUSSIA2.4% |
|
|
| ||||
RUB |
26,000 |
|
Russian Federal Bond - OFZ, 7.70%, 03/23/2033 |
|
420,477 |
| |
RUB |
25,200 |
|
Russian Federal Bond - OFZ, 8.15%, 02/03/2027 |
|
420,482 |
| |
USD |
800 |
|
Russian Foreign Bond - Eurobond, 4.75%, 05/27/2026 (a) |
|
858,540 |
| |
|
|
|
|
|
1,699,499 |
| |
RWANDA0.8% |
|
|
| ||||
USD |
350 |
|
Rwanda International Government Bond, 6.63%, 05/02/2023 (a) |
|
372,974 |
| |
USD |
200 |
|
Rwanda International Government Bond,, 6.63%, 05/02/2023 (a) |
|
213,128 |
| |
|
|
|
|
|
586,102 |
| |
SAUDI ARABIA0.6% |
|
|
| ||||
USD |
410 |
|
Saudi Government International Bond, 4.38%, 04/16/2029 (a) |
|
452,196 |
| |
|
|
|
|
|
|
| |
SENEGAL0.5% |
|
|
| ||||
USD |
330 |
|
Senegal Government International Bond, 8.75%, 05/13/2021 (a) |
|
359,436 |
| |
|
|
|
|
|
|
| |
SOUTH AFRICA1.5% |
|
|
| ||||
USD |
1,030 |
|
Republic of South Africa Government International Bond, 4.88%, 04/14/2026 |
|
1,054,462 |
| |
|
|
|
|
|
|
| |
SRI LANKA1.2% |
|
|
| ||||
LKR |
5,000 |
|
Sri Lanka Government Bonds, 9.25%, 05/01/2020 |
|
28,527 |
| |
LKR |
10,000 |
|
Sri Lanka Government Bonds, 11.00%, 08/01/2021 |
|
58,897 |
| |
LKR |
55,000 |
|
Sri Lanka Government Bonds, 11.50%, 12/15/2021 |
|
328,644 |
| |
USD |
200 |
|
Sri Lanka Government International Bond, 7.55%, 03/28/2030 (a) |
|
203,489 |
| |
USD |
200 |
|
Sri Lanka Government International Bond, 7.85%, 03/14/2029 (a) |
|
207,738 |
| |
|
|
|
|
|
827,295 |
| |
TANZANIA0.1% |
|
|
| ||||
USD |
45 |
|
Tanzania Government International Bond, 8.69%, 03/09/2020 (a)(f)(j) |
|
45,090 |
| |
|
|
|
|
|
|
| |
TURKEY1.7% |
|
|
| ||||
TRY |
5,600 |
|
Turkey Government Bond, 10.50%, 08/11/2027 |
|
797,205 |
| |
USD |
430 |
|
Turkey Government International Bond, 6.00%, 03/25/2027 |
|
416,025 |
| |
|
|
|
|
|
1,213,230 |
| |
UKRAINE2.7% |
|
|
| ||||
EUR |
400 |
|
Ukraine Government International Bond, 6.75%, 06/20/2026 (a) |
|
481,457 |
| |
USD |
1,330 |
|
Ukraine Government International Bond, 7.75%, 09/01/2025 (a) |
|
1,405,411 |
| |
|
|
|
|
|
1,886,868 |
| |
URUGUAY1.4% |
|
|
| ||||
USD |
50 |
|
Uruguay Government International Bond, 4.38%, 10/27/2027 (f) |
|
54,438 |
| |
USD |
146 |
|
Uruguay Government International Bond, 7.63%, 03/21/2036 (f) |
|
211,701 |
| |
USD |
165 |
|
Uruguay Government International Bond, 7.88%, 01/15/2033 |
|
240,489 |
| |
UYU |
15,800 |
|
Uruguay Government International Bond, 9.88%, 06/20/2022 (a) |
|
465,057 |
| |
|
|
|
|
|
971,685 |
| |
|
|
|
Total Government Bonds 67.0% (cost $45,641,924) |
|
47,183,993 |
| |
See Notes to Portfolio of Investments.
Principal |
|
Description |
|
Value |
| ||
LONG-TERM INVESTMENT0.0% |
|
|
| ||||
WARRANT0.0% |
|
|
| ||||
BRL |
61 |
|
OAS S.A., Zero Coupon, (d)(g)(h)(k) |
|
$ |
|
|
|
|
Total Long-Term Investments 0.0% (cost $113,399) |
|
|
| ||
|
|
|
| ||||
COMMON STOCKS0.0% |
|
|
| ||||
UNITED STATES0.0% |
|
|
| ||||
USD |
657 |
|
Cenveo Enterprises, Inc.(d)(g)(h)(l) |
|
9,855 |
| |
|
|
Total Common Stocks 0.0% (cost $17,410) |
|
9,855 |
| ||
|
|
|
| ||||
SHORT-TERM INVESTMENT4.5% |
|
|
| ||||
UNITED STATES4.5% |
|
|
| ||||
USD |
3,174,696 |
|
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.26%(m) |
|
3,174,696 |
| |
|
|
Total Short-Term Investment 4.5% (cost $3,174,696) |
|
3,174,696 |
| ||
|
|
Total Investments 138.0% (cost $95,612,996) |
|
97,177,586 |
| ||
|
|
Liabilities in Excess of Other Assets (38.0)% |
|
(26,757,767 |
) | ||
|
|
Net Assets100.0% |
|
$ |
70,419,819 |
|
(a) |
Denotes a restricted security. |
(b) |
Perpetual bond. This is a bond that has no maturity date, is redeemable and pays a steady stream of interest indefinitely. The maturity date presented for these instruments represents the next call/put date. |
(c) |
The maturity date presented for these instruments represents the next call/put date. |
(d) |
Level 3 security. See Note (a) of the accompanying Notes to Portfolio of Investments. |
(e) |
Payment-in-kind. This is a type of bond that pays interest in additional bonds rather than in cash. |
(f) |
Sinkable security. |
(g) |
Illiquid security. |
(h) |
Fair Values are determined pursuant to procedures approved by the Funds Board of Directors. Unless otherwise noted, securities are valued by applying valuation factors to the exchange traded price. See Note (a) of the accompanying Notes to Portfolio of Investments. |
(i) |
This security is government guaranteed. |
(j) |
Variable Rate Instrument. The rate shown is based on the latest available information as of July 31, 2019. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
(k) |
Non-Income Producing Security. |
(l) |
Security is Delisted. |
(m) |
Registered investment company advised by State Street Global Advisors. The rate shown is the 7 day yield as of July 31, 2019. |
ARSArgentine Peso
AUDAustralian Dollar
BRLBrazilian Real
CNHChinese Yuan Renminbi Offshore
CNYChinese Yuan Renminbi
EGPEgyptian Pound
EUREuro Currency
GBPBritish Pound Sterling
GHSGhanaian Cedi
IDRIndonesian Rupiah
INRIndian Rupee
KRWSouth Korean Won
LKRSri Lanka Rupee
MXNMexican Peso
See Notes to Portfolio of Investments.
MYRMalaysian Ringgit
NGNNigerian Naira
NZDNew Zealand Dollar
PENPeruvian Sol
PHPPhilippine Peso
PLNPolish Zloty
RUBRussian Ruble
SGDSingapore Dollar
THBThai Baht
TRYTurkish Lira
TWDNew Taiwan Dollar
UAHUkraine hryvna
USDU.S. Dollar
UYUUruguayan Peso
At July 31, 2019, the Funds open forward foreign currency exchange contracts were as follows:
Purchase Contracts |
|
Counterparty |
|
Amount |
|
Amount |
|
Fair Value |
|
Unrealized |
| ||||
British Pound/United States Dollar |
|
|
|
|
|
|
|
|
| ||||||
08/15/2019 |
|
Citibank N.A. |
|
GBP |
482,000 |
|
USD |
607,163 |
|
$ |
586,511 |
|
$ |
(20,652 |
) |
08/15/2019 |
|
UBS AG |
|
GBP |
2,609,000 |
|
USD |
3,275,203 |
|
3,174,704 |
|
(100,499 |
) | ||
Chinese Renminbi/United States Dollar |
|
|
|
|
|
|
|
|
|
|
| ||||
10/11/2019 |
|
UBS AG |
|
CNY |
1,377,820 |
|
USD |
200,000 |
|
199,512 |
|
(488 |
) | ||
CNH/United States Dollar |
|
|
|
|
|
|
|
|
|
|
| ||||
10/11/2019 |
|
ROYAL BANK OF CANADA (UK) |
|
CNH |
12,535,164 |
|
USD |
1,818,858 |
|
1,813,767 |
|
(5,091 |
) | ||
Euro/United States Dollar |
|
|
|
|
|
|
|
|
|
|
| ||||
08/15/2019 |
|
Citibank N.A. |
|
EUR |
3,787,000 |
|
USD |
4,273,720 |
|
4,196,470 |
|
(77,250 |
) | ||
08/15/2019 |
|
UBS AG |
|
EUR |
529,000 |
|
USD |
597,952 |
|
586,198 |
|
(11,754 |
) | ||
Indonesian Rupiah/United States Dollar |
|
|
|
|
|
|
|
|
|
|
| ||||
08/01/2019 |
|
Citibank N.A. |
|
IDR |
1,003,191,000 |
|
USD |
70,000 |
|
71,570 |
|
1,570 |
| ||
08/30/2019 |
|
Citibank N.A. |
|
IDR |
985,320,000 |
|
USD |
70,001 |
|
69,714 |
|
(287 |
) | ||
Malaysian Ringgit/United States Dollar |
|
|
|
|
|
|
|
|
|
|
| ||||
08/16/2019 |
|
BNP Paribas S.A. |
|
MYR |
412,450 |
|
USD |
100,000 |
|
99,933 |
|
(67 |
) | ||
Singapore Dollar/United States Dollar |
|
|
|
|
|
|
|
|
|
|
| ||||
09/11/2019 |
|
ROYAL BANK OF CANADA (UK) |
|
SGD |
2,931,000 |
|
USD |
2,167,018 |
|
2,134,369 |
|
(32,649 |
) | ||
09/19/2019 |
|
Citibank N.A. |
|
SGD |
203,081 |
|
USD |
150,000 |
|
147,905 |
|
(2,095 |
) | ||
South Korean Won/United States Dollar |
|
|
|
|
|
|
|
|
|
|
| ||||
08/30/2019 |
|
Citibank N.A. |
|
KRW |
117,158,000 |
|
USD |
100,000 |
|
98,700 |
|
(1,300 |
) | ||
08/30/2019 |
|
HSBC Bank USA |
|
KRW |
3,210,921,000 |
|
USD |
2,700,000 |
|
2,705,051 |
|
5,051 |
| ||
Thai Baht/United States Dollar |
|
|
|
|
|
|
|
|
|
|
| ||||
08/22/2019 |
|
HSBC Bank USA |
|
THB |
46,000,000 |
|
USD |
1,438,849 |
|
1,489,231 |
|
50,382 |
| ||
08/22/2019 |
|
UBS AG |
|
THB |
12,432,420 |
|
USD |
399,999 |
|
402,494 |
|
2,495 |
| ||
TRY/United States Dollar |
|
|
|
|
|
|
|
|
|
|
| ||||
10/10/2019 |
|
UBS AG |
|
TRY |
4,334,000 |
|
USD |
734,102 |
|
756,887 |
|
22,785 |
| ||
|
|
|
|
|
|
|
|
|
|
$ |
18,533,016 |
|
$ |
(169,849 |
) |
See Notes to Portfolio of Investments.
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Sale Contracts |
|
Counterparty |
|
Amount |
|
Amount |
|
Fair Value |
|
Unrealized |
| ||||
United States Dollar/Australian Dollar |
|
|
|
|
|
|
|
|
|
|
| ||||
09/20/2019 |
|
Citibank N.A. |
|
USD |
4,321,661 |
|
AUD |
6,200,000 |
|
$ |
4,246,912 |
|
$ |
74,749 |
|
United States Dollar/Brazilian Real |
|
|
|
|
|
|
|
|
|
|
| ||||
08/22/2019 |
|
UBS AG |
|
USD |
522,088 |
|
BRL |
2,109,000 |
|
|
551,961 |
|
|
(29,873 |
) |
United States Dollar/British Pound |
|
|
|
|
|
|
|
|
|
|
| ||||
08/15/2019 |
|
Barclays Bank plc |
|
USD |
3,278,292 |
|
GBP |
2,609,000 |
|
3,174,704 |
|
103,588 |
| ||
08/15/2019 |
|
Citibank N.A. |
|
USD |
3,286,492 |
|
GBP |
2,609,000 |
|
3,174,704 |
|
111,788 |
| ||
United States Dollar/Euro |
|
|
|
|
|
|
|
|
|
|
| ||||
08/15/2019 |
|
UBS AG |
|
USD |
8,782,017 |
|
EUR |
7,774,000 |
|
8,614,566 |
|
167,451 |
| ||
United States Dollar/Indonesian Rupiah |
|
|
|
|
|
|
|
|
|
|
| ||||
08/01/2019 |
|
Citibank N.A. |
|
USD |
71,483 |
|
IDR |
1,003,191,000 |
|
71,570 |
|
(87 |
) | ||
08/30/2019 |
|
UBS AG |
|
USD |
900,000 |
|
IDR |
12,649,635,000 |
|
894,989 |
|
5,011 |
| ||
United States Dollar/Malaysian Ringgit |
|
|
|
|
|
|
|
|
|
|
| ||||
08/16/2019 |
|
BNP Paribas S.A. |
|
USD |
300,000 |
|
MYR |
1,234,800 |
|
299,180 |
|
820 |
| ||
08/16/2019 |
|
STANDARD CHARTERED BANK |
|
USD |
76,929 |
|
MYR |
320,000 |
|
77,533 |
|
(604 |
) | ||
United States Dollar/New Taiwan Dollar |
|
|
|
|
|
|
|
|
|
|
| ||||
09/27/2019 |
|
Citibank N.A. |
|
USD |
300,000 |
|
TWD |
9,407,400 |
|
302,989 |
|
(2,989 |
) | ||
United States Dollar/New Zealand Dollar |
|
|
|
|
|
|
|
|
|
|
| ||||
09/20/2019 |
|
Citibank N.A. |
|
USD |
1,846,485 |
|
NZD |
2,800,000 |
|
1,840,308 |
|
6,177 |
| ||
United States Dollar/Philippine Peso |
|
|
|
|
|
|
|
|
|
|
| ||||
10/18/2019 |
|
ROYAL BANK OF CANADA (UK) |
|
USD |
300,000 |
|
PHP |
15,390,450 |
|
301,308 |
|
(1,308 |
) | ||
United States Dollar/Singapore Dollar |
|
|
|
|
|
|
|
|
|
|
| ||||
09/19/2019 |
|
Citibank N.A. |
|
USD |
600,000 |
|
SGD |
816,644 |
|
594,767 |
|
5,233 |
| ||
United States Dollar/South Korean Won |
|
|
|
|
|
|
|
|
|
|
| ||||
08/30/2019 |
|
Citibank N.A. |
|
USD |
250,000 |
|
KRW |
289,125,000 |
|
243,574 |
|
6,426 |
| ||
United States Dollar/Thai Baht |
|
|
|
|
|
|
|
|
|
|
| ||||
08/22/2019 |
|
UBS AG |
|
USD |
300,000 |
|
THB |
9,251,670 |
|
299,519 |
|
481 |
| ||
United States Dollar/TRY |
|
|
|
|
|
|
|
|
|
|
| ||||
10/10/2019 |
|
Citibank N.A. |
|
USD |
780,149 |
|
TRY |
4,479,000 |
|
782,209 |
|
(2,060 |
) | ||
10/10/2019 |
|
UBS AG |
|
USD |
734,271 |
|
TRY |
4,334,000 |
|
756,887 |
|
(22,616 |
) | ||
|
|
|
|
|
|
|
|
|
|
$ |
26,227,680 |
|
$ |
422,187 |
|
* Certain contracts with different trade dates and like characteristics have been shown net.
At July 31, 2019, the Fund held the following centrally cleared interest rate swaps:
Currency |
|
Notional |
|
Expiration |
|
Counterparty |
|
Receive |
|
Fixed |
|
Floating Rate |
|
Premiums |
|
Unrealized |
| ||
USD |
|
12,100,000 |
|
11/04/2024 |
|
Citibank |
|
Pay |
|
2.44 |
% |
3-month LIBOR Index |
|
$ |
|
|
$ |
(355,387 |
) |
USD |
|
700,000 |
|
07/23/2029 |
|
Goldman Sachs |
|
Pay |
|
1.97 |
% |
3-month LIBOR Index |
|
|
|
446 |
| ||
USD |
|
16,500,000 |
|
10/25/2027 |
|
CitibankCitibank |
|
Pay |
|
2.36 |
% |
3-month LIBOR Index |
|
|
|
(647,280 |
) | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
|
$ |
(1,002,221 |
) |
See Notes to Portfolio of Investments.
Notes to Portfolio of Investments (unaudited)
July 31, 2019
Summary of Significant Accounting Policies
a. Security Valuation:
The Fund values its securities at current market value or fair value, consistent with regulatory requirements. Fair value is defined in the Funds Valuation and Liquidity Procedures as the price that could be received to sell an asset or paid to transfer a liability in an orderly transaction between willing market participants without a compulsion to transact at the measurement date.
Long-term debt and other fixed-income securities are valued at the last quoted or evaluated bid price on the valuation date provided by an independent pricing service provider approved by the Board. If there are no current day bids, the security is valued at the previously applied bid. Pricing services generally price debt securities assuming orderly transactions of an institutional round lot size and the strategies employed by the Funds investment adviser generally trade in round lot sizes. In certain circumstances, some trades may occur in smaller odd lot sizes at lower prices than institutional round lot trades. Short-term debt securities (such as commercial paper and U.S. treasury bills) having a remaining maturity of 60 days or less are valued at the last quoted or evaluated bid price on the valuation date provided by an independent pricing service, or on the basis of amortized cost, if it represents the best approximation of fair value. Debt and other fixed-income securities are generally determined to be Level 2 investments.
Short-term investments are comprised of cash and cash equivalents invested in short-term investment funds which are redeemable daily. The Fund sweeps available cash into the State Street Institutional U.S. Government Money Market Fund; a government money market fund pursuant to Rule 2a-7 under the Investment Company Act of 1940, as amended, which has an objective, which is not guaranteed, to maintain a $1.00 per share net asset value. Registered investment companies are valued at their net asset value as reported by such company. Generally, these investment types are categorized as Level 1 investments.
Derivatives are valued at fair value. Exchange traded derivatives are generally Level 1 investments and over-the-counter derivatives are generally Level 2 investments. Forward foreign currency contracts are generally valued based on the bid price of the forward rates and the current spot rate. Forward exchange rate quotations are available for scheduled settlement dates, such as 1-, 3-, 6-, 9-, and 12-month periods. An interpolated valuation is derived based on the actual settlement dates of the forward contracts held. Interest rate swaps are generally valued by an approved pricing agent based on the terms of the swap agreement (including future cash flows).
In the event that a securitys market quotations are not readily available or are deemed unreliable (for reasons other than because the foreign exchange on which they trade closed before the Valuation Time), the security is valued at fair value as determined by the Funds Pricing Committee, taking into account the relevant factors and surrounding circumstances using valuation policies and procedures approved by the Board. A security that has been fair valued by the Funds Pricing Committee may be classified as Level 2 or Level 3 depending on the nature of the inputs.