Short
Term
Investments
14.5%
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
11.1%
Egypt
11.1%
e
Egypt
Treasury
Bills
,
23.19%,
6/10/25
................
105,925,000
EGP
$
2,002,998
23.52%,
6/17/25
................
185,150,000
EGP
3,483,703
23.78%,
6/24/25
................
706,775,000
EGP
13,233,182
24.57%,
9/09/25
................
366,375,000
EGP
6,523,579
23.87%,
3/10/26
................
202,575,000
EGP
3,261,803
23.75%,
3/24/26
................
105,000,000
EGP
1,679,632
30,184,897
Total
Foreign
Government
and
Agency
Securities
(Cost
$29,926,615)
..............
30,184,897
Shares
Money
Market
Funds
3.4%
United
States
3.4%
k,l
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.052%
.........
9,229,656
9,229,656
Total
Money
Market
Funds
(Cost
$9,229,656)
...................................
9,229,656
a
a
a
a
a
Total
Short
Term
Investments
(Cost
$39,156,271
)
................................
39,414,553
a
a
a
Total
Investments
(Cost
$372,896,107)
120.0%
..................................
$326,054,271
Credit
Facility
(23.9)%
........................................................
(65,000,000)
Other
Assets,
less
Liabilities
3.9%
.............................................
10,520,304
Net
Assets
100.0%
...........................................................
$271,574,575
a
a
a
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
†
Rounds
to
less
than
0.1%
of
net
assets.
a
Fair
valued
using
significant
unobservable
inputs.
See
Note
5
regarding
fair
value
measurements.
b
Non-income
producing.
c
See
Note
3
regarding
restricted
securities.
d
Security
was
purchased
pursuant
to
Rule
144A
or
Regulation
S
under
the
Securities
Act
of
1933.
144A
securities
may
be
sold
in
transactions
exempt
from
registration
only
to
qualified
institutional
buyers
or
in
a
public
offering
registered
under
the
Securities
Act
of
1933.
Regulation
S
securities
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.
At
March
31,
2025,
the
aggregate
value
of
these
securities
was
$132,709,331,
representing
48.9%
of
net
assets.
e
The
rate
shown
represents
the
yield
at
period
end.
f
Income
may
be
received
in
additional
securities
and/or
cash.
g
Defaulted
security
or
security
for
which
income
has
been
deemed
uncollectible.
h
A
portion
or
all
of
the
security
purchased
on
a
delayed
delivery
basis.
i
A
supranational
organization
is
an
entity
formed
by
two
or
more
central
governments
through
international
treaties.
j
Principal
amount
of
security,
redemption
price
at
maturity,
and/or
coupon
payments
are
adjusted
for
inflation.
k
See
Note
4
regarding
investments
in
affiliated
management
investment
companies.
l
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.