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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BRAZILIAN REAL</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTBRL__00015832"/>
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        <currencyConditional curCd="BRL" exchangeRt="5.73205000"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>Pemerintah Republik Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>INDONESIA GOVERNMENT 8.375000% 03/15/2034</title>
        <cusip>N/A</cusip>
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          <isin value="IDG000010802"/>
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        <balance>12353000000.00000000</balance>
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        <currencyConditional curCd="IDR" exchangeRt="16290.00000000"/>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Republica de Angola</name>
        <lei>549300QHR2R3J8JSGK83</lei>
        <title>ANGOLAN GOVERNMENT INTERNATIONAL BOND MTN 8.000000% 11/26/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2083302419"/>
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        <balance>1730000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1475366.49000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Joint Stock Company Development Bank of Kazakhstan</name>
        <lei>213800LCDPGJ1BI7KX98</lei>
        <title>DEVELOPMENT BANK OF KAZA 5.250000% 10/23/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2917067204"/>
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        <balance>671000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>664075.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Estados Unidos Mexicanos</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MEX BONOS DESARR FIX RT 8.500000% 03/01/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX0MGO0001F1"/>
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        <balance>230000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="MXN" exchangeRt="19.40600000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Republica del Peru</name>
        <lei>254900STKLK2DBJJZ530</lei>
        <title>BONOS DE TESORERIA 6.900000% 08/12/2037</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PEP01000C2Z1"/>
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        <balance>4442000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="PEN" exchangeRt="3.63160000"/>
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        <pctVal>0.072146740989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.90000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Republica de Chile</name>
        <lei>549300FLZTJM5YJF8D34</lei>
        <title>BONOS DE LA TESORERIA DE LA REPUBLICA EN PESOS 144 6.000000% 04/01/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CL0002839505"/>
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        <balance>1050000000.00000000</balance>
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        <currencyConditional curCd="CLP" exchangeRt="945.26500000"/>
        <valUSD>1126479.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UZBEKISTAN SUM</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: UZS/USD SETTLE 2025-11-13</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUZS__00016163"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="UZS" exchangeRt="12790.43000000"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>UZBEKISTAN SUM</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>372973.53000000</amtCurSold>
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            <amtCurPur>5048196738.00000000</amtCurPur>
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        <securityLending>
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      <invstOrSec>
        <name>CITIGROUP</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>FX Forward Contract: EUR/USD SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTEUR__00016333"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88086000"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>CITIGROUP</counterpartyName>
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            <amtCurSold>212592.43000000</amtCurSold>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>EGYPT GOVERNMENT BOND 25.318000% 08/13/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="EGBGR05851F3"/>
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        <balance>338899000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EGP" exchangeRt="49.72000000"/>
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        <pctVal>0.420010511216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>25.31800000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>J.P. MORGAN SECURITIES</name>
        <lei>984500653R409CC5AB28</lei>
        <title>FX Forward Contract: PHP/USD SETTLE 2025-06-02</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTPHP__00026164"/>
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        <balance>1.00000000</balance>
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        <currencyConditional curCd="PHP" exchangeRt="55.79500000"/>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>J.P. MORGAN SECURITIES</counterpartyName>
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      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/UZS SETTLE 2025-06-03</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00016690"/>
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        <balance>1.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ISRAELI SHEKEL</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: ILS/USD SETTLE 2025-07-30</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTILS__00005566"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="ILS" exchangeRt="3.51915000"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>ISRAELI SHEKEL</counterpartyName>
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            <amtCurSold>3036647.74000000</amtCurSold>
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            <amtCurPur>10805000.00000000</amtCurPur>
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        <securityLending>
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      <invstOrSec>
        <name>Republica de Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>TITULOS DE TESORERIA 6.250000% 07/09/2036</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COL17CT03748"/>
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        <balance>4713400000.00000000</balance>
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        <currencyConditional curCd="COP" exchangeRt="4162.99500000"/>
        <valUSD>722140.05000000</valUSD>
        <pctVal>0.043163580069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MEXICAN PESO</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: MXN/USD SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTMXN__00012570"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="MXN" exchangeRt="19.40600000"/>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Emirate of Abu Dhabi</name>
        <lei>213800FER4348CINTA77</lei>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
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        <name>J.P. MORGAN SECURITIES</name>
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          <other otherDesc="FX Forwards" value="CCTPHP__00026454"/>
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        <name>AVIANCA MIDCO 2 PLC</name>
        <lei>N/A</lei>
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        <name>Petroleos de Venezuela, S.A.</name>
        <lei>549300YWR8TN1OFD4P06</lei>
        <title>PETROLEOS DE VEN 5.375%  04/12/2027</title>
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        <name>Republica de Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
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        <name>Banque Centrale de Tunisie</name>
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        <title>TUNISIAN REPUBLIC 6.375000% 07/15/2026</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Telekom Srbija ad, Beograd</name>
        <lei>254900OVY0XI1DFYC092</lei>
        <title>TELECOMMUNICATIONS CO TELEKOM SRBIJA AD BELGRADE 7.000000% 10/28/2029</title>
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        <name>CITIGROUP</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>FX Forward Contract: EUR/RON SETTLE 2025-11-25</title>
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        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>EGYPT TREASURY BILL ZERO COUPON 07/15/2025</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Turkiye Cumhuriyeti</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
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        <lei>N/A</lei>
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        <cusip>USZAP2876</cusip>
        <identifiers>
          <other otherDesc="Options" value="USZAP2876"/>
        </identifiers>
        <balance>14100000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>418953.37000000</valUSD>
        <pctVal>0.025041579304</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>USD P/ZAR C</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>N/A</issueTitle>
                <identifiers>
                  <other otherDesc="Other" value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>14100000.00000000</shareNo>
            <exercisePrice>18.35000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-07-28</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>100758.67000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>EGYPT TREASURY BILL ZERO COUPON 10/28/2025</title>
        <cusip>YU6603531</cusip>
        <identifiers>
          <isin value="EGT9980SAP13"/>
        </identifiers>
        <balance>102300000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EGP" exchangeRt="49.72000000"/>
        <valUSD>1850206.19000000</valUSD>
        <pctVal>0.110590076020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/TRY SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00009024"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>195621.28000000</valUSD>
        <pctVal>0.011692627742</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>DEUTSCHE BANK SECURITIES, INC.</counterpartyName>
              <counterpartyLei>9J6MBOOO7BECTDTUZW19</counterpartyLei>
            </counterparties>
            <amtCurSold>694610000.00000000</amtCurSold>
            <curSold>TRY</curSold>
            <amtCurPur>17549519.96000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-06-18</settlementDt>
            <unrealizedAppr>195621.28000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/UZS SETTLE 2025-06-16</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00018346"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-698.12000000</valUSD>
        <pctVal>-0.00004172785</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>U.S. DOLLARS</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>25000000000.00000000</amtCurSold>
            <curSold>UZS</curSold>
            <amtCurPur>1953888.24000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-06-16</settlementDt>
            <unrealizedAppr>-698.12000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/PEN SETTLE 2025-07-21</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00017256"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-160177.65000000</valUSD>
        <pctVal>-0.00957409967</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>U.S. DOLLARS</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>30929557.00000000</amtCurSold>
            <curSold>PEN</curSold>
            <amtCurPur>8352341.82000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-07-21</settlementDt>
            <unrealizedAppr>-160177.65000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/EUR SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00009493"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-189901.77000000</valUSD>
        <pctVal>-0.01135076257</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>U.S. DOLLARS</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>4872204.22000000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>5347583.24000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-06-18</settlementDt>
            <unrealizedAppr>-189901.77000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Republica de Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>TITULOS DE TESORERIA 7.750000% 09/18/2030</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COL17CT03342"/>
        </identifiers>
        <balance>6706500000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="COP" exchangeRt="4162.99500000"/>
        <valUSD>1389973.33000000</valUSD>
        <pctVal>0.083081149042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kingdom of Thailand</name>
        <lei>254900PHJ6MSKT6C7026</lei>
        <title>THAILAND GOVERNMENT BOND 2.650000% 06/17/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0623038609"/>
        </identifiers>
        <balance>150000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="THB" exchangeRt="32.82750000"/>
        <valUSD>4705506.05000000</valUSD>
        <pctVal>0.281256367316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Republica Federativa do Brasil</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>Brazil Notas do Tesouro Nacional Serie B 6.000000% 05/15/2035</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRSTNCNTB0O7"/>
        </identifiers>
        <balance>390000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="BRL" exchangeRt="5.73205000"/>
        <valUSD>282469.09000000</valUSD>
        <pctVal>0.016883673995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank PLC</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>BRK : HSBC REC : 5.96% FIXED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="IRS283GK7"/>
        </identifiers>
        <balance>2430000000.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="INR" exchangeRt="85.57500000"/>
        <valUSD>339563.14000000</valUSD>
        <pctVal>0.020296285716</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>HSBC Bank PLC</counterpartyName>
              <counterpartyLei>MP6I5ZYZBEU3UXPYFY54</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.96000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="N/A" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Day" rateTenorUnit="0" resetDt="Day" resetDtUnit="0"/>
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            <terminationDt>2030-06-18</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>INR</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>INR</rcptCurCd>
            <notionalAmt>-2430000000.00000000</notionalAmt>
            <curCd>INR</curCd>
            <unrealizedAppr>339563.14000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POLISH ZLOTY</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: PLN/USD SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTPLN__00014667"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="PLN" exchangeRt="3.74455000"/>
        <valUSD>1232.52000000</valUSD>
        <pctVal>0.000073669886</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>PA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>POLISH ZLOTY</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>232374.37000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>875000.00000000</amtCurPur>
            <curPur>PLN</curPur>
            <settlementDt>2025-06-18</settlementDt>
            <unrealizedAppr>1232.52000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Corporacion Electrica Nacional S.A.</name>
        <lei>N/A</lei>
        <title>CA LA ELECTRICIDAD DE CARACAS VARIABLE RATE 04/10/2018</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS0356521160"/>
        </identifiers>
        <balance>1276000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>82940.00000000</valUSD>
        <pctVal>0.004957469580</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>VE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pemerintah Republik Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>INDONESIA GOVERNMENT 6.375000% 04/15/2032</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IDG000018706"/>
        </identifiers>
        <balance>6500000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="IDR" exchangeRt="16290.00000000"/>
        <valUSD>392697.48000000</valUSD>
        <pctVal>0.023472218610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TURKISH LIRA</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: TRY/USD SETTLE 2025-09-17</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTTRY__00009718"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="TRY" exchangeRt="39.24175000"/>
        <valUSD>-28315.18000000</valUSD>
        <pctVal>-0.00169244807</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>TURKISH LIRA</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>884433.96000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>37500000.00000000</amtCurPur>
            <curPur>TRY</curPur>
            <settlementDt>2025-09-17</settlementDt>
            <unrealizedAppr>-28315.18000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>USD P/KRW C</name>
        <lei>N/A</lei>
        <title>USD P/KRW C EXPIRATION: 08/06/2025</title>
        <cusip>USKRP2893</cusip>
        <identifiers>
          <other otherDesc="Options" value="USKRP2893"/>
        </identifiers>
        <balance>560000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>59591.98000000</valUSD>
        <pctVal>0.003561917387</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>USD P/KRW C</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES</name>
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          <other otherDesc="FX Forwards" value="CCTUSD__00026717"/>
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        <name>UZBEKISTAN SUM</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: UZS/USD SETTLE 2025-07-21</title>
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          <other otherDesc="FX Forwards" value="CCTUZS__00003666"/>
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        <assetCat>DFE</assetCat>
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        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JP MORGAN CHASE BANK N.A.</name>
        <lei>984500653R409CC5AB28</lei>
        <title>BRK- JPMORGAN CHASE BANK REC- 15%</title>
        <cusip>N/A</cusip>
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          <other otherDesc="All Others" value="22838842"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JP MORGAN CHASE BANK N.A.</counterpartyName>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/HUF SETTLE 2025-06-18</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00013686"/>
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              <counterpartyName>DEUTSCHE BANK SECURITIES, INC.</counterpartyName>
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        <name>The State of Qatar</name>
        <lei>52990074F6OJOAXK4P65</lei>
        <title>STATE OF QATAR 4.500000% 04/23/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1807174393"/>
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        <balance>6129000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>QA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Kerajaan Malaysia</name>
        <lei>254900GSIL471JOBYY43</lei>
        <title>MALAYSIA GOVERNMENT 3.733000% 06/15/2028</title>
        <cusip>N/A</cusip>
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        <balance>3885000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.73300000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pemerintah Republik Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>INDONESIA GOVERNMENT 7.125000% 06/15/2038</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IDG000021809"/>
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        <balance>48063000000.00000000</balance>
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        <currencyConditional curCd="IDR" exchangeRt="16290.00000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Magyarorszag</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>HUNGARY 5.500000% 03/26/2036</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2744128369"/>
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        <balance>5800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5489700.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>CZECH REPUBLIC KORUNA</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: CZK/USD SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTCZK__00008432"/>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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            <amtCurSold>46311.71000000</amtCurSold>
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      <invstOrSec>
        <name>Republic of Zambia</name>
        <lei>213800DMLAZ6LGMMD849</lei>
        <title>ZAMBIA GOVERNMENT INTERNATIONAL BOND 144A 0.500000% 12/31/2053</title>
        <cusip>988895AR9</cusip>
        <identifiers>
          <isin value="US988895AR94"/>
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        <balance>573438.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.50000000</annualizedRt>
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        <name>Republica Argentina</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>REPUBLIC OF ARGENTINA 0.750000% 07/09/2030</title>
        <cusip>040114HS2</cusip>
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          <isin value="US040114HS26"/>
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        <curCd>USD</curCd>
        <valUSD>1776528.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.75000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>PETRONAS Capital Limited</name>
        <lei>549300G7YFX3540OYR85</lei>
        <title>PETRONAS CAPITAL LTD MTN 3.500000% 04/21/2030</title>
        <cusip>Y68856AT3</cusip>
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          <isin value="USY68856AT38"/>
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        <balance>717000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Republica del Peru</name>
        <lei>254900STKLK2DBJJZ530</lei>
        <title>PERU GOVERNMENT BOND 144A 7.600000% 08/12/2039</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PEP01000C5J8"/>
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        <balance>7850000.00000000</balance>
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        <invCountry>PE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.60000000</annualizedRt>
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      <invstOrSec>
        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>ARAB REPUBLIC OF EGYPT 8.500000% 01/31/2047</title>
        <cusip>N/A</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Kingdom of Thailand</name>
        <lei>254900PHJ6MSKT6C7026</lei>
        <title>THAILAND GOVERNMENT BOND 1.600000% 06/17/2035</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>EGYPTIAN POUND</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="FX Forwards" value="CCTEGP__00004820"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Joint-Stock Cornpany Uzbekneftegaz</name>
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        <cusip>N/A</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of Tajikistan</name>
        <lei>529900W1LSYUF3CYVU10</lei>
        <title>TAJIKISTAN INT BOND 7.125000% 09/14/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1676401414"/>
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        <balance>1074999.99570000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TJ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pemerintah Republik Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>INDONESIA GOVERNMENT 6.625000% 02/15/2034</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IDG000023607"/>
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        <balance>62356000000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES</name>
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          <other otherDesc="FX Forwards" value="CCTEGP__00026661"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>J.P. MORGAN SECURITIES</counterpartyName>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00003759"/>
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        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>DEUTSCHE BANK SECURITIES, INC.</counterpartyName>
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        <securityLending>
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      <invstOrSec>
        <name>COTE D IVOIRE (REPUBLIC OF)</name>
        <lei>N/A</lei>
        <title>COTE D IVOIRE (REPUBLIC OF) 7/10/2025</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX257402"/>
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        <balance>2880000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88086000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.64900120</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Republica de El Salvador</name>
        <lei>529900AKDMUSFSDOM949</lei>
        <title>REPUBLIC OF EL SALVADOR 7.124600% 01/20/2050</title>
        <cusip>P01012CA2</cusip>
        <identifiers>
          <isin value="USP01012CA29"/>
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        <balance>3350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2716515.00000000</valUSD>
        <pctVal>0.162370876275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SV</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12460000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pemerintah Republik Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>INDONESIA GOVERNMENT 6.750000% 07/15/2035</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IDG000024506"/>
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        <balance>180000000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="IDR" exchangeRt="16290.00000000"/>
        <valUSD>10980579.01000000</valUSD>
        <pctVal>0.656328507617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Republica de Guatemala</name>
        <lei>529900QKDFFU9UWW5315</lei>
        <title>GUATEMALA GOVERNMENT BOND 144A 6.600000% 06/13/2036</title>
        <cusip>401494AW9</cusip>
        <identifiers>
          <isin value="US401494AW96"/>
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        <balance>1405000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1406756.25000000</valUSD>
        <pctVal>0.084084293670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GT</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.60000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP GLOBAL MARKETS INC.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>BRK: CITIGROUP PAY- 2.8% FIXED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="IRS288L34"/>
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        <balance>170000000.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="THB" exchangeRt="32.82750000"/>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CITIGROUP GLOBAL MARKETS INC.</counterpartyName>
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      <invstOrSec>
        <name>EURO</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: EUR/USD SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTEUR__00015066"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88086000"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>EURO</counterpartyName>
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            <amtCurSold>77538.21000000</amtCurSold>
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            <amtCurPur>67900.00000000</amtCurPur>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Turkiye Cumhuriyeti</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
        <title>REPUBLIC OF TURKIYE 5.750000% 05/11/2047</title>
        <cusip>900123CM0</cusip>
        <identifiers>
          <isin value="US900123CM05"/>
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        <balance>1043000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>748643.50000000</valUSD>
        <pctVal>0.044747737860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-05-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Romania</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANIA GOVERNMENT BOND 5.000000% 02/12/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ROVRZSEM43E4"/>
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        <balance>3100000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="RON" exchangeRt="4.45980000"/>
        <valUSD>640797.35000000</valUSD>
        <pctVal>0.038301583917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>J.P. MORGAN SECURITIES</name>
        <lei>984500653R409CC5AB28</lei>
        <title>FX Forward Contract: USD/BRL SETTLE 2025-09-08</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00026731"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>109142.56000000</valUSD>
        <pctVal>0.006523642647</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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        <name>Uzbek Industrial and Construction Bank Joint-Stock Commerical Bank</name>
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        <name>J.P. MORGAN SECURITIES</name>
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        <name>ZORLU ENERJI ELEKTRIK URETIM ANONIM SIRKETI</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Petroleos de Venezuela, S.A.</name>
        <lei>549300YWR8TN1OFD4P06</lei>
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        <cusip>P7807HAM7</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ROMANIAN LEU</name>
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        <name>Republic of Iraq</name>
        <lei>2549004N3P710UQ9X454</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO, INC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>FX Forward Contract: USD/EUR SETTLE 2025-07-14</title>
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        <name>Republic of Georgia</name>
        <lei>2138007T8RLEVDMLQ257</lei>
        <title>REPUBLIC OF GEORGIA 2.750000% 04/22/2026</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Federal Republic of Nigeria</name>
        <lei>549300GSBZD84TNEQ285</lei>
        <title>REPUBLIC OF NIGERIA 10.375000% 12/09/2034</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CHILEAN PESO</name>
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        <name>Joint-Stock Commercial Bank Agrobank</name>
        <lei>254900JPMU0LFCP18673</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Barclays Capital Inc.</name>
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        <name>Republica de El Salvador</name>
        <lei>529900AKDMUSFSDOM949</lei>
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        <name>Republica del Peru</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Saudi Arabian Oil Company</name>
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        <name>Rzeczpospolita Polska</name>
        <lei>259400R9L8QEP0TPXS31</lei>
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        <cusip>731011AW2</cusip>
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        <name>Pemerintah Republik Indonesia</name>
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        <name>Goldman Sachs International</name>
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        <name>Republica de Colombia</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>BRITISH STERLING POUND</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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          <other otherDesc="FX Forwards" value="CCTUSD__00019149"/>
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        <name>J.P. MORGAN SECURITIES</name>
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        <name>Republica del Peru</name>
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        <cusip>715638EC2</cusip>
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        <name>Republique de Cote d'Ivoire</name>
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        <cusip>221625AV8</cusip>
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          <isin value="US221625AV83"/>
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        <name>Pemerintah Republik Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>JP MORGAN CHASE BANK N.A.</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Republica del Ecuador</name>
        <lei>5299003Y2U5XK0A35H71</lei>
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        <name>J.P. MORGAN SECURITIES</name>
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        <name>Republic of Armenia</name>
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        <name>Republic of Uzbekistan</name>
        <lei>213800L6VDKUM3TCM927</lei>
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        <name>Republica del Peru</name>
        <lei>254900STKLK2DBJJZ530</lei>
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        <invCountry>PE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>CHILEAN PESO</name>
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        <title>FX Forward Contract: CLP/USD SETTLE 2025-09-08</title>
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        <name>International Bank for Reconstruction and Development</name>
        <lei>ZTMSNXROF84AHWJNKQ93</lei>
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        <name>Republica de Colombia</name>
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        <name>EURO</name>
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          <other otherDesc="FX Forwards" value="CCTEUR__00007601"/>
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        <name>Turkiye Cumhuriyeti</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ROMANIAN LEU</name>
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        <name>KONDOR FINANCE PLC</name>
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        <title>NAK NAFTOGAZ UKRAINE VIA KONDOR FINANCE PLC 7.125000% 07/19/2026</title>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO, INC</name>
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        <name>Standard Chartered Bank</name>
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        <name>J.P. MORGAN SECURITIES</name>
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        <name>CHILEAN PESO</name>
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        <name>Federal Republic of Nigeria</name>
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        <name>Heritage Petroleum Company Limited</name>
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        <name>Magyarorszag</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kingdom of Thailand</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Estados Unidos Mexicanos</name>
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        <cusip>N/A</cusip>
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        <balance>16500000.00000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="19.40600000"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>PERUVIAN NEW SOL</name>
        <lei>N/A</lei>
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          <other otherDesc="FX Forwards" value="CCTPEN__00010491"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Republica Bolivariana de Venezuela</name>
        <lei>529900XM8PJTJK5OJI77</lei>
        <title>VENEZUELA GOVERNMENT INTERNATIONAL BOND MATURITY:05/07/2026</title>
        <cusip>P17625AA5</cusip>
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          <isin value="USP17625AA59"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>VE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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      <invstOrSec>
        <name>Bank of America</name>
        <lei>B4TYDEB6GKMZO031MB27</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="All Others" value="IRS28AH38"/>
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        <balance>662700000.00000000</balance>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      <invstOrSec>
        <name>PETRONAS Capital Limited</name>
        <lei>549300G7YFX3540OYR85</lei>
        <title>PETRONAS CAPITAL LTD MTN 2.480000% 01/28/2032</title>
        <cusip>Y6886MAE0</cusip>
        <identifiers>
          <isin value="USY6886MAE04"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-28</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TURKISH LIRA</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: TRY/USD SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTTRY__00007836"/>
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        <balance>1.00000000</balance>
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        <currencyConditional curCd="TRY" exchangeRt="39.24175000"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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            <amtCurPur>6689000.00000000</amtCurPur>
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        <securityLending>
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      <invstOrSec>
        <name>Democratic Socialist Republic of Sri Lanka</name>
        <lei>254900IG6Y30I2QE2R92</lei>
        <title>SRI LANKA GOVERNMENT INTERNATIONAL BOND 144A 3.600000% 02/15/2038</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2966242252"/>
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        <balance>1694869.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1321997.82000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.60000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>UZBEKISTAN SUM</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: UZS/USD SETTLE 2025-06-12</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUZS__00008827"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of Ukraine</name>
        <lei>6354001WLTJXOMEXPY07</lei>
        <title>UKRAINE GOVERNMENT 1.750000% 02/01/2034</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2895056013"/>
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        <balance>850634.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>414684.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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        <name>Republiek Suriname</name>
        <lei>254900SYU4G5JM13TN77</lei>
        <title>REPUBLIC OF SURINAME INT 7.950000% 07/15/2033</title>
        <cusip>P68788AC5</cusip>
        <identifiers>
          <isin value="USP68788AC53"/>
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        <balance>2063797.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1934809.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.95000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
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      <invstOrSec>
        <name>Republique du Cameroun</name>
        <lei>54930021BO6NHYGBBV24</lei>
        <title>REPUBLIC OF CAMEROON 9.500000% 07/31/2031</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2869469333"/>
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        <balance>331000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>304189.00000000</valUSD>
        <pctVal>0.018181911192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>Latvijas Republika</name>
        <lei>25490002QDEB2KTLNK39</lei>
        <title>LATVIA GOVERNMENT INTERNATIONAL BOND MTN 5.125000% 07/30/2034</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2829701718"/>
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        <balance>950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>934471.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LV</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/CNY SETTLE 2025-07-09</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00001226"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-5011.27000000</valUSD>
        <pctVal>-0.00029953241</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>DEUTSCHE BANK SECURITIES, INC.</counterpartyName>
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            <amtCurSold>3333000.00000000</amtCurSold>
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            <amtCurPur>460231.98000000</amtCurPur>
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            <settlementDt>2025-07-09</settlementDt>
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      </invstOrSec>
      <invstOrSec>
        <name>Turkiye Cumhuriyeti</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
        <title>REPUBLIC OF TURKIYE 7.125000% 02/12/2032</title>
        <cusip>900123DP2</cusip>
        <identifiers>
          <isin value="US900123DP27"/>
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        <balance>4811000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4720740.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Turkiye Cumhuriyeti</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
        <title>TURKIYE GOVERNMENT BOND 36.000000% 08/12/2026</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRT120826T16"/>
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        <balance>517800000.00000000</balance>
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        <currencyConditional curCd="TRY" exchangeRt="39.24175000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>36.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CBB INTERNATIONAL SUKUK PROGRAMME COMPANY W.L.L</name>
        <lei>5493006IRJ2IWXTNIM16</lei>
        <title>CBB INTERNATIONAL SUKUK PROGRAMME CO WLL 144A 6.250000% 07/07/2033</title>
        <cusip>124808AB2</cusip>
        <identifiers>
          <isin value="US124808AB25"/>
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        <balance>802000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>795762.20000000</valUSD>
        <pctVal>0.047564105378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BH</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROMANIAN LEU</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: RON/USD SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTRON__00014668"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="RON" exchangeRt="4.45980000"/>
        <valUSD>-12491.61000000</valUSD>
        <pctVal>-0.00074664548</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>RO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>ROMANIAN LEU</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>693430.66000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>3040000.00000000</amtCurPur>
            <curPur>RON</curPur>
            <settlementDt>2025-06-18</settlementDt>
            <unrealizedAppr>-12491.61000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Republique du Senegal</name>
        <lei>549300NP14ZLQGWIUZ97</lei>
        <title>REPUBLIC OF SENEGAL 6.750000% 03/13/2048</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1790134362"/>
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        <balance>1450000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>905570.68000000</valUSD>
        <pctVal>0.054127551234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Minejesa Capital B.V.</name>
        <lei>549300KS7ERCP10BKC35</lei>
        <title>MINEJESA CAPITAL BV 5.625000% 08/10/2037</title>
        <cusip>N57445AB9</cusip>
        <identifiers>
          <isin value="USN57445AB99"/>
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        <balance>798000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>741749.38000000</valUSD>
        <pctVal>0.044335664190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Estados Unidos Mexicanos</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MEX BONOS DESARR FIX RT 8.500000% 03/02/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX0MGO0001G9"/>
        </identifiers>
        <balance>285000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="MXN" exchangeRt="19.40600000"/>
        <valUSD>14706519.89000000</valUSD>
        <pctVal>0.879034542974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Azarbayjan Respublikasi</name>
        <lei>549300P74FF45UQVU281</lei>
        <title>REPUBLIC OF AZERBAIJAN 3.500000% 09/01/2032</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1678623734"/>
        </identifiers>
        <balance>2415000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2114315.60000000</valUSD>
        <pctVal>0.126376359672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASIAN DEVELOPMENT BANK</name>
        <lei>549300X0MVH42CY8Q105</lei>
        <title>ASIAN DEVELOPMENT BANK MTN 4.500000% 05/30/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3078538256"/>
        </identifiers>
        <balance>5500000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="PEN" exchangeRt="3.63160000"/>
        <valUSD>1482876.28000000</valUSD>
        <pctVal>0.088634121656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/IDR SETTLE 2025-06-02</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00017963"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>6314.03000000</valUSD>
        <pctVal>0.000377400671</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>U.S. DOLLARS</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>39828000000.00000000</amtCurSold>
            <curSold>IDR</curSold>
            <amtCurPur>2450199.94000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-06-02</settlementDt>
            <unrealizedAppr>6314.03000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Magyarorszag</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>HUNGARY GOVERNMENT BOND 3.000000% 04/25/2041</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HU0000404165"/>
        </identifiers>
        <balance>883820000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="HUF" exchangeRt="355.86880000"/>
        <valUSD>1518682.59000000</valUSD>
        <pctVal>0.090774327740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LLPL CAPITAL PTE. LTD.</name>
        <lei>254900VXZ8FXTUQNON22</lei>
        <title>LLPL CAPITAL PTE LTD 6.875000% 02/04/2039</title>
        <cusip>Y51478AA6</cusip>
        <identifiers>
          <isin value="USY51478AA66"/>
        </identifiers>
        <balance>145440.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>144525.33000000</valUSD>
        <pctVal>0.008638533001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kerajaan Malaysia</name>
        <lei>254900GSIL471JOBYY43</lei>
        <title>MALAYSIA GOVERNMENT 4.504000% 04/30/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYBMK2200030"/>
        </identifiers>
        <balance>1300000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="MYR" exchangeRt="4.25650000"/>
        <valUSD>319483.02000000</valUSD>
        <pctVal>0.019096061649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50400000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Republic of Zambia</name>
        <lei>213800DMLAZ6LGMMD849</lei>
        <title>REPUBLIC OF ZAMBIA 5.750000% 06/30/2033</title>
        <cusip>V7179UML0</cusip>
        <identifiers>
          <isin value="XS2837240261"/>
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        <balance>462620.96560000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>415086.66000000</valUSD>
        <pctVal>0.024810459251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>The State of Qatar</name>
        <lei>52990074F6OJOAXK4P65</lei>
        <title>QATAR GOVERNMENT INTERNATIONAL BOND MTN 4.625000% 05/29/2029</title>
        <cusip>74738PAK4</cusip>
        <identifiers>
          <isin value="US74738PAK49"/>
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        <balance>1137000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1150359.75000000</valUSD>
        <pctVal>0.068759024205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>QA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ACWA POWER MANAGEMENT AND INVESTMENTS ONE LTD</name>
        <lei>635400M3OWQGQBZOYO38</lei>
        <title>ACWA POWER MANAGEMENT AND INVESTMENTS ONE LTD 5.950000% 12/15/2039</title>
        <cusip>M00020AA1</cusip>
        <identifiers>
          <isin value="USM00020AA12"/>
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        <balance>1733813.60000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1724971.15000000</valUSD>
        <pctVal>0.103104557558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRAZILIAN REAL</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: BRL/USD SETTLE 2025-08-04</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTBRL__00027232"/>
        </identifiers>
        <balance>1.00000000</balance>
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        <name>Republic of Uzbekistan</name>
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        <name>Kingdom of Saudi Arabia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>The Hashemite Kingdom of Jordan</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CITIGROUP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>The Commonwealth of The Bahamas</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Republic of South Africa</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Republica de Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Joint-stock company National Bank for Foreign Economic Activity of the Republic of Uzbekistan</name>
        <lei>253400TZJ7T1YULTGN68</lei>
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        <cusip>N/A</cusip>
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          <isin value="XS2853544802"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <title>FX Forward Contract: USD/INR SETTLE 2025-06-18</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00010161"/>
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        <name>Republic of the Philippines</name>
        <lei>529900RAHBALMYIJ3T08</lei>
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          <isin value="US718286CN52"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/ZAR SETTLE 2025-06-27</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00017593"/>
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        <name>BRAZILIAN REAL</name>
        <lei>N/A</lei>
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          <other otherDesc="FX Forwards" value="CCTBRL__00026730"/>
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        <name>Leviathan Bond LTD</name>
        <lei>254900D9T8VKYVQNZ220</lei>
        <title>LEVIATHAN BOND LTD 144A 6.750000% 06/30/2030</title>
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          <isin value="IL0011677908"/>
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        <invCountry>IL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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        <name>MEXICAN PESO</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: MXN/USD SETTLE 2025-06-18</title>
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          <other otherDesc="FX Forwards" value="CCTMXN__00003325"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Mazoon Assets Company SAOC</name>
        <lei>6354003TDIRN5Y6LJP91</lei>
        <title>MAZOON ASSETS CO SAOC 5.250000% 10/09/2031</title>
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        <invCountry>OM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>MALAYSIAN RINGGIT</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: MYR/USD SETTLE 2025-06-18</title>
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          <other otherDesc="FX Forwards" value="CCTMYR__00008421"/>
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        <isRestrictedSec>N</isRestrictedSec>

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            <amtCurSold>9511191.50000000</amtCurSold>
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            <amtCurPur>42068000.00000000</amtCurPur>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CHILEAN PESO</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: CLP/USD SETTLE 2025-06-09</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTCLP__00025839"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Republica de Colombia</name>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>HAZINE MUSTESARLIGI VARLIK KIRALAMA ANONIM SIRKETI</name>
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        <name>POLISH ZLOTY</name>
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        <name>Pemerintah Republik Indonesia</name>
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        <name>Republica Bolivariana de Venezuela</name>
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        <name>HSBC</name>
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        <name>Deutsche Bank AG</name>
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        <name>Standard Chartered Bank</name>
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        <name>Republic of South Africa</name>
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        <name>NIGERIAN NAIRA</name>
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        <name>Republic of Iraq</name>
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        <name>MC Brazil Downstream Trading S.a r.l.</name>
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        <name>Republica Bolivariana de Venezuela</name>
        <lei>529900XM8PJTJK5OJI77</lei>
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        <name>Republica Oriental del Uruguay</name>
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        <name>Pemerintah Republik Indonesia</name>
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      <invstOrSec>
        <name>Pemerintah Republik Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
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          <isin value="US455780DT06"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>UZBEKISTAN SUM</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: UZS/USD SETTLE 2025-10-30</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUZS__00004529"/>
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        <assetCat>DFE</assetCat>
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        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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            <amtCurSold>146911.52000000</amtCurSold>
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      <invstOrSec>
        <name>Rzeczpospolita Polska</name>
        <lei>259400R9L8QEP0TPXS31</lei>
        <title>POLAND GOVERNMENT BOND 1.250000% 10/25/2030</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PL0000112736"/>
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        <balance>15000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Estados Unidos Mexicanos</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MEX BONOS DESARR FIX RT 7.750000% 11/23/2034</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX0MGO0000U2"/>
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        <balance>46174500.00000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="19.40600000"/>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-23</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Citibank, N.A.</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
        <title>BRK : CITI REC : 5.0295</title>
        <cusip>N/A</cusip>
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          <other otherDesc="All Others" value="IRS28CLY1"/>
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        <balance>7300000.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="PLN" exchangeRt="3.74455000"/>
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        <assetCat>DIR</assetCat>
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        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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      <invstOrSec>
        <name>JAPANESE YEN</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: JPY/USD SETTLE 2025-07-14</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTJPY__00024278"/>
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        <balance>1.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="144.29500000"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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            <amtCurSold>407515.88000000</amtCurSold>
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            <unrealizedAppr>-632.92000000</unrealizedAppr>
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      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/NGN SETTLE 2025-06-23</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00009780"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/MXN SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00001317"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>DEUTSCHE BANK SECURITIES, INC.</counterpartyName>
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            <unrealizedAppr>-118185.02000000</unrealizedAppr>
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      <invstOrSec>
        <name>Estados Unidos Mexicanos</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MEXICO GOVERNMENT INTERNATIONAL BOND MTN 5.625000% 03/19/2114</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1046593908"/>
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        <balance>10100000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>Saudi Arabian Oil Company</name>
        <lei>5586006WD91QHB7J4X50</lei>
        <title>SAUDI ARABIAN OIL CO MTN 5.875000% 07/17/2064</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2861555964"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Republic of Zambia</name>
        <lei>213800DMLAZ6LGMMD849</lei>
        <title>REPUBLIC OF ZAMBIA 5.750000% 06/30/2033</title>
        <cusip>V7179UML0</cusip>
        <identifiers>
          <isin value="XS2837240261"/>
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        <balance>1410986.62940000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>EGYPT GOVERNMENT INTERNATIONAL BOND MTN 8.625000% 02/04/2030</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2989586941"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>MEXICAN PESO</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: MXN/USD SETTLE 2025-06-18</title>
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          <other otherDesc="FX Forwards" value="CCTMXN__00013901"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/EUR SETTLE 2025-06-18</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00017044"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>NIGERIA OMO BILL ZERO COUPON 02/10/2026</title>
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          <isin value="NGO2C1002268"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>CHINESE YUAN RENMINBI</name>
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          <other otherDesc="FX Forwards" value="CCTCNY__00026725"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>Ecopetrol S.A.</name>
        <lei>254900IDGKCJICKBPA66</lei>
        <title>ECOPETROL SA 8.375000% 01/19/2036</title>
        <cusip>279158AV1</cusip>
        <identifiers>
          <isin value="US279158AV11"/>
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        <balance>400000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Republica Federativa do Brasil</name>
        <lei>254900ZFY40OYEADAP90</lei>
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        <cusip>105756CB4</cusip>
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          <isin value="US105756CB40"/>
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        <balance>1595000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/PLN SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00011466"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>DEUTSCHE BANK SECURITIES, INC.</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>EGYPTIAN POUND</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: EGP/USD SETTLE 2025-08-25</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTEGP__00017417"/>
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        <balance>1.00000000</balance>
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        <currencyConditional curCd="EGP" exchangeRt="49.72000000"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>EGYPTIAN POUND</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>57471.81000000</amtCurSold>
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            <amtCurPur>3000000.00000000</amtCurPur>
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            <unrealizedAppr>472.04000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
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      <invstOrSec>
        <name>Republique Gabonaise</name>
        <lei>213800XA7X746GRPXA35</lei>
        <title>GABON GOVERNMENT INTERNATIONAL BOND 144A 7.000000% 11/24/2031</title>
        <cusip>362420AE1</cusip>
        <identifiers>
          <isin value="US362420AE18"/>
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        <balance>293000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>THAILAND BAHT</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: THB/USD SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTTHB__00008451"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="THB" exchangeRt="32.82750000"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>THAILAND BAHT</counterpartyName>
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            <amtCurSold>2118395.99000000</amtCurSold>
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            <amtCurPur>71171750.00000000</amtCurPur>
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            <unrealizedAppr>53322.21000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>ROMANIAN LEU</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: RON/USD SETTLE 2025-06-03</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTRON__00014718"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="RON" exchangeRt="4.45980000"/>
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        <pctVal>-0.01134169938</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>RO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>ROMANIAN LEU</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>11174394.67000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>49000000.00000000</amtCurPur>
            <curPur>RON</curPur>
            <settlementDt>2025-06-03</settlementDt>
            <unrealizedAppr>-189750.14000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
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      <invstOrSec>
        <name>Republic of Kenya</name>
        <lei>549300VVURQQYU45PR87</lei>
        <title>REPUBLIC OF KENYA GOVERNMENT INTERNATIONAL BOND 14 9.500000% 03/05/2036</title>
        <cusip>491798AN4</cusip>
        <identifiers>
          <isin value="US491798AN42"/>
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        <balance>1566000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1428975.00000000</valUSD>
        <pctVal>0.085412347410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/EUR SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00011318"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-5429.23000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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            <amtCurPur>115113.24000000</amtCurPur>
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        </derivativeInfo>
        <securityLending>
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      <invstOrSec>
        <name>Republica del Peru</name>
        <lei>254900STKLK2DBJJZ530</lei>
        <title>REPUBLIC OF PERU 2.783000% 01/23/2031</title>
        <cusip>715638DF6</cusip>
        <identifiers>
          <isin value="US715638DF60"/>
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        <balance>2763000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.78300000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JP MORGAN CHASE BANK N.A.</name>
        <lei>984500653R409CC5AB28</lei>
        <title>BRK : J P MORGAN CHASE BANK REC : 3.195% FIXED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="IRS2809M1"/>
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        <balance>280800000.00000000</balance>
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        <currencyConditional curCd="CZK" exchangeRt="21.98595000"/>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JP MORGAN CHASE BANK N.A.</counterpartyName>
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      <invstOrSec>
        <name>HSBC Bank PLC</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>BRK : HSBC REC : 4.8% FIXED</title>
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        <identifiers>
          <other otherDesc="All Others" value="IRS285SP8"/>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Uzbek Industrial and Construction Bank Joint-Stock Commerical Bank</name>
        <lei>213800C2NIFPFTXYIU69</lei>
        <title>UZBEK INDUSTRIAL AND CONSTRUCTION BANK ATB 21.000000% 07/24/2027</title>
        <cusip>N/A</cusip>
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          <isin value="XS2855478496"/>
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        <balance>18200000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>J.P. MORGAN SECURITIES</name>
        <lei>984500653R409CC5AB28</lei>
        <title>FX Forward Contract: USD/IDR SETTLE 2025-06-10</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00026716"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-63.79000000</valUSD>
        <pctVal>-0.00000381284</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <lei>254900GSIL471JOBYY43</lei>
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        <name>EXPORT-IMPORT BANK OF INDIA</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>INTER AMERICAN DEVELOPMENT BANK</name>
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        <name>U.S. DOLLARS</name>
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        <name>Bank of America</name>
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        <name>Chile Electricity Lux MPC S.a r.l.</name>
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        <name>Poinsettia Finance Limited S.a r.l.</name>
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        <name>The Hashemite Kingdom of Jordan</name>
        <lei>5493000JZ4MYPVMBVN50</lei>
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        <name>POLISH ZLOTY</name>
        <lei>N/A</lei>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
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        <name>TURKISH LIRA</name>
        <lei>N/A</lei>
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        <name>Republic of Rwanda</name>
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        <name>International Bank for Reconstruction and Development</name>
        <lei>ZTMSNXROF84AHWJNKQ93</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Government of Bermuda</name>
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        <name>Republica Oriental del Uruguay</name>
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        <name>Kerajaan Malaysia</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Republic of South Africa</name>
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        <name>Republic of Ghana</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>ROMANIAN LEU</name>
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        <name>PETRONAS Capital Limited</name>
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        <name>MORGAN STANLEY &amp; CO, INC</name>
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        <name>Pemerintah Republik Indonesia</name>
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        <name>Republic of Ukraine</name>
        <lei>6354001WLTJXOMEXPY07</lei>
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        <name>Yinson Boronia Production B.V.</name>
        <lei>5493007X12FTT746N678</lei>
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        <name>Pemerintah Republik Indonesia</name>
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        <name>Banco Central de la Republica Dominicana</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Romania</name>
        <lei>315700IASY927EDWBK92</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Citibank, N.A.</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Citibank, N.A.</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
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        <name>Government of Mongolia</name>
        <lei>254900PW61ADCBDCLP71</lei>
        <title>MONGOLIA INTL BOND 8.650000% 01/19/2028</title>
        <cusip>Y6142NAG3</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Republic of Kenya</name>
        <lei>549300VVURQQYU45PR87</lei>
        <title>REPUBLIC OF KENYA 9.500000% 03/05/2036</title>
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          <isin value="XS3010561762"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: ZAR/USD SETTLE 2025-06-18</title>
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        <name>Republic of Kenya</name>
        <lei>549300VVURQQYU45PR87</lei>
        <title>REPUBLIC OF KENYA 9.500000% 03/05/2036</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>KE</invCountry>

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          <couponKind>Fixed</couponKind>
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        <name>Islamic Republic of Pakistan</name>
        <lei>529900LOP29R5WKHOD86</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Corporacion Nacional del Cobre de Chile</name>
        <lei>549300UVMBCBCIPSUI70</lei>
        <title>CORP NACIONAL DEL COBRE DE CHILE 144A 6.780000% 01/13/2055</title>
        <cusip>21987BBM9</cusip>
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      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
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        <lei>549300S1EK2VN6XVJP58</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Republica del Ecuador</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>Federal Republic of Nigeria</name>
        <lei>549300GSBZD84TNEQ285</lei>
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        <cusip>N/A</cusip>
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          <isin value="XS2384704800"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Republica Argentina</name>
        <lei>549300KPBYGYF7HCHO27</lei>
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        <cusip>040114HV5</cusip>
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          <isin value="US040114HV54"/>
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        <balance>2577000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-09</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>USD P/CLP C</name>
        <lei>N/A</lei>
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          <other otherDesc="Options" value="USCLP2860"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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            <putOrCall>Put</putOrCall>
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        <name>TURKISH LIRA</name>
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          <other otherDesc="FX Forwards" value="CCTTRY__00009191"/>
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      <invstOrSec>
        <name>Kingdom of Thailand</name>
        <lei>254900PHJ6MSKT6C7026</lei>
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        <cusip>N/A</cusip>
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          <isin value="TH062303D603"/>
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        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Barclays Capital Inc.</name>
        <lei>213800IQAOC5HG62T347</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Pemerintah Republik Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>INDONESIA GOVERNMENT 7.000000% 09/15/2030</title>
        <cusip>N/A</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES</name>
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        <title>FX Forward Contract: USD/HUF SETTLE 2025-06-10</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00026131"/>
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        <lei>N/A</lei>
        <title>FX Forward Contract: TRY/USD SETTLE 2025-06-18</title>
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          <other otherDesc="FX Forwards" value="CCTTRY__00005203"/>
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        <name>Republica Federativa do Brasil</name>
        <lei>254900ZFY40OYEADAP90</lei>
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      <invstOrSec>
        <name>UZBEKISTAN SUM</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: UZS/USD SETTLE 2025-07-22</title>
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          <other otherDesc="FX Forwards" value="CCTUZS__00003800"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
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        <name>Pemerintah Republik Indonesia</name>
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        <name>Republique du Senegal</name>
        <lei>549300NP14ZLQGWIUZ97</lei>
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        <name>ADNOC MURBAN RSC LTD</name>
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        <cusip>00723L2C2</cusip>
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      <invstOrSec>
        <name>JP MORGAN</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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            <putOrCall>Put</putOrCall>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Pemerintah Republik Indonesia</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Standard Chartered Bank</name>
        <lei>276345HYMX591FE8F735</lei>
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        <name>Republica Federativa do Brasil</name>
        <lei>254900ZFY40OYEADAP90</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Pemerintah Republik Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CHINESE YUAN RENMINBI</name>
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        <name>Kerajaan Malaysia</name>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Kerajaan Malaysia</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Petroleos del Peru - Petroperu S.A.</name>
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        <cusip>P7808BAB3</cusip>
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        <name>Turkiye Cumhuriyeti</name>
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        <name>Banco Central del Uruguay</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES</name>
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          <other otherDesc="FX Forwards" value="CCTUSD__00026353"/>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/EUR SETTLE 2025-06-18</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00014249"/>
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              <counterpartyName>DEUTSCHE BANK SECURITIES, INC.</counterpartyName>
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        <name>International Bank for Reconstruction and Development</name>
        <lei>ZTMSNXROF84AHWJNKQ93</lei>
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        <cusip>U4586HXK4</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>MEXICAN PESO</name>
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        <name>Republic of Ukraine</name>
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        <name>J.P. MORGAN SECURITIES</name>
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        <name>Romania</name>
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        <name>Republic of Ukraine</name>
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        <name>JP MORGAN</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
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          <other otherDesc="FX Forwards" value="CCTHUF__00012927"/>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VEB FINANCE PUBLIC LIMITED COMPANY</name>
        <lei>635400KYY8E2NCZXJ191</lei>
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          <isin value="XS0559915961"/>
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        <balance>240000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of Armenia</name>
        <lei>5299000H77JSW90G7935</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3020792696"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>Rzeczpospolita Polska</name>
        <lei>259400R9L8QEP0TPXS31</lei>
        <title>REPUBLIC OF POLAND 5.375000% 02/12/2035</title>
        <cusip>857524AH5</cusip>
        <identifiers>
          <isin value="US857524AH50"/>
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        <balance>7000000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-12</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Republique Gabonaise</name>
        <lei>213800XA7X746GRPXA35</lei>
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        <identifiers>
          <isin value="XS2407752711"/>
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        <balance>2750000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Republica de Panama</name>
        <lei>549300SHS4T08CL0LP14</lei>
        <title>REPUBLIC OF PANAMA 8.000000% 03/01/2038</title>
        <cusip>698299BY9</cusip>
        <identifiers>
          <isin value="US698299BY91"/>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/ZAR SETTLE 2025-06-18</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00010178"/>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Turkiye Cumhuriyeti</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
        <title>REPUBLIC OF TURKIYE 4.875000% 04/16/2043</title>
        <cusip>900123CB4</cusip>
        <identifiers>
          <isin value="US900123CB40"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-04-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>ROMANIAN LEU</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: KZT/USD SETTLE 2025-06-02</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTKZT__00015828"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>Kerajaan Malaysia</name>
        <lei>254900GSIL471JOBYY43</lei>
        <title>MALAYSIA GOVERNMENT 4.498000% 04/15/2030</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYBMX1000038"/>
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        <balance>4369000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Republica Del Paraguay</name>
        <lei>529900UXKJTJPCU0HK83</lei>
        <title>REPUBLIC OF PARAGUAY 4.950000% 04/28/2031</title>
        <cusip>P75744AJ4</cusip>
        <identifiers>
          <isin value="USP75744AJ47"/>
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        <balance>1009000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>989556.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TELEKOM SRBIJA AD B EUR</name>
        <lei>N/A</lei>
        <title>TELEKOM SRBIJA AD B EUR 6/13/2029</title>
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        <identifiers>
          <other otherDesc="All Others" value="BMO3NY23"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.88086000"/>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>RS</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/MYR SETTLE 2025-06-18</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00013319"/>
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        <curCd>USD</curCd>
        <valUSD>-7583.90000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>USD P/ILS C</name>
        <lei>N/A</lei>
        <title>USD P/ILS C EXPIRATION: 07/28/2025</title>
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          <other otherDesc="Options" value="USILP2882"/>
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        <isRestrictedSec>N</isRestrictedSec>

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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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      <invstOrSec>
        <name>JP MORGAN</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>FX Forward Contract: BRL/USD SETTLE 2025-07-03</title>
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          <other otherDesc="FX Forwards" value="CCTBRL__00012751"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TURKISH LIRA</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: TRY/USD SETTLE 2025-10-09</title>
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          <other otherDesc="FX Forwards" value="CCTTRY__00002775"/>
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      <invstOrSec>
        <name>THAILAND BAHT</name>
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          <other otherDesc="FX Forwards" value="CCTTHB__00026727"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kerajaan Malaysia</name>
        <lei>254900GSIL471JOBYY43</lei>
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        <cusip>N/A</cusip>
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          <isin value="MYBMS1900047"/>
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        <payoffProfile>Long</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kingdom of Thailand</name>
        <lei>254900PHJ6MSKT6C7026</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH062303Q605"/>
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        <balance>4865000.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="32.82750000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-17</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>International Bank for Reconstruction and Development</name>
        <lei>ZTMSNXROF84AHWJNKQ93</lei>
        <title>INTERNATIONAL BANK FOR RECONSTRUCTION &amp; DEVELOPMEN 6.750000% 07/13/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2649502361"/>
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        <balance>264300000.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="85.57500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Republica Argentina</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>REPUBLIC OF ARGENTINA 3.875000% 07/09/2035</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2177364390"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.88086000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Republic of Uzbekistan</name>
        <lei>213800L6VDKUM3TCM927</lei>
        <title>REPUBLIC OF UZBEKISTAN INTERNATIONAL BOND 144A 15.500000% 02/25/2028</title>
        <cusip>91824PAD9</cusip>
        <identifiers>
          <isin value="US91824PAD96"/>
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        <balance>72500000000.00000000</balance>
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        <currencyConditional curCd="UZS" exchangeRt="12790.43000000"/>
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        <pctVal>0.336586795885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UZ</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>15.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/ZAR SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00017861"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-15085.33000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>DEUTSCHE BANK SECURITIES, INC.</counterpartyName>
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        <securityLending>
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      <invstOrSec>
        <name>Rzeczpospolita Polska</name>
        <lei>259400R9L8QEP0TPXS31</lei>
        <title>REPUBLIC OF POLAND 4.875000% 02/12/2030</title>
        <cusip>857524AF9</cusip>
        <identifiers>
          <isin value="US857524AF94"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES</name>
        <lei>984500653R409CC5AB28</lei>
        <title>FX Forward Contract: IDR/USD SETTLE 2025-06-10</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTIDR__00026552"/>
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        <currencyConditional curCd="IDR" exchangeRt="16290.00000000"/>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>UZBEKISTAN SUM</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: UZS/USD SETTLE 2025-10-24</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUZS__00004041"/>
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        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES</name>
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        <title>FX Forward Contract: USD/PHP SETTLE 2025-06-02</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00025804"/>
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        <name>Magyarorszag</name>
        <lei>5299003F3UFKGCCMAP43</lei>
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        <cusip>445545AR7</cusip>
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          <isin value="US445545AR73"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>Republic of South Africa</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Republic of Lebanon</name>
        <lei>529900QPC4K9S1KHL354</lei>
        <title>LEBANON GOVERNMENT INTERNATIONAL BOND MTN 8.250000% 04/12/2021</title>
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        <name>J.P. MORGAN SECURITIES</name>
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        <title>FX Forward Contract: USD/IDR SETTLE 2025-06-10</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00026348"/>
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        <name>N/A</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Republica de Chile</name>
        <lei>549300FLZTJM5YJF8D34</lei>
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        <name>Rzeczpospolita Polska</name>
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        <name>Estados Unidos Mexicanos</name>
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        <name>U.S. DOLLARS</name>
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        <name>J.P. MORGAN SECURITIES</name>
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        <name>Petroleos de Venezuela, S.A.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>BRAZILIAN REAL</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: BRL/USD SETTLE 2025-06-03</title>
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        <name>Republic of Lebanon</name>
        <lei>529900QPC4K9S1KHL354</lei>
        <title>LEBANESE REPUBLIC 8.250000% 05/17/2034</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>LB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BROWN BROTHERS HARRIMAN &amp; CO.</name>
        <lei>5493006KMX1VFTPYPW14</lei>
        <title>FX Forward Contract: EUR/USD SETTLE 2025-07-14</title>
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        <name>Islamic Republic of Pakistan</name>
        <lei>529900LOP29R5WKHOD86</lei>
        <title>PAKISTAN GOVERNMENT INTERNATIONAL BOND MTN 8.875000% 04/08/2051</title>
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        <invCountry>PK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Republic of Ukraine</name>
        <lei>6354001WLTJXOMEXPY07</lei>
        <title>UKRAINE GOVERNMENT 1.750000% 02/01/2035</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Bundesrepublik Deutschland</name>
        <lei>N/A</lei>
        <title>EURO-SCHATZ FUT   JUN25 FINANCIAL COMMODITY FUTURE.</title>
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        <name>Pemerintah Republik Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>INDONESIA GOVERNMENT 7.125000% 08/15/2045</title>
        <cusip>N/A</cusip>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Kingdom of Saudi Arabia</name>
        <lei>635400FMICXSM3SI3H65</lei>
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        <name>Republica Argentina</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>REPUBLIC OF ARGENTINA 3.500000% 07/09/2041</title>
        <cusip>040114HV5</cusip>
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          <isin value="US040114HV54"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>AR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-09</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>J.P. MORGAN SECURITIES</counterpartyName>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
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          <other otherDesc="FX Forwards" value="CCTUSD__00018713"/>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>DEUTSCHE BANK SECURITIES, INC.</counterpartyName>
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      <invstOrSec>
        <name>Kerajaan Malaysia</name>
        <lei>254900GSIL471JOBYY43</lei>
        <title>MALAYSIA GOVERNMENT 3.885000% 08/15/2029</title>
        <cusip>N/A</cusip>
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          <isin value="MYBMO1900020"/>
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        <balance>16004000.00000000</balance>
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        <currencyConditional curCd="MYR" exchangeRt="4.25650000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BROWN BROTHERS HARRIMAN &amp; CO.</name>
        <lei>5493006KMX1VFTPYPW14</lei>
        <title>FX Forward Contract: EUR/USD SETTLE 2025-07-14</title>
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          <other otherDesc="FX Forwards" value="CCTEUR__00025112"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>BROWN BROTHERS HARRIMAN &amp; CO.</counterpartyName>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/MXN SETTLE 2025-06-18</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00008461"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>BROWN BROTHERS HARRIMAN &amp; CO.</name>
        <lei>5493006KMX1VFTPYPW14</lei>
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          <other otherDesc="FX Forwards" value="CCTEUR__00026671"/>
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        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>BROWN BROTHERS HARRIMAN &amp; CO.</counterpartyName>
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      <invstOrSec>
        <name>Kingdom of Thailand</name>
        <lei>254900PHJ6MSKT6C7026</lei>
        <title>THAILAND GOVERNMENT BOND 3.390000% 06/17/2037</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0623A3H605"/>
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        <balance>46787000.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="32.82750000"/>
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        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-17</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/MXN SETTLE 2025-06-06</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/IDR SETTLE 2025-06-18</title>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>Rzeczpospolita Polska</name>
        <lei>259400R9L8QEP0TPXS31</lei>
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      <invstOrSec>
        <name>Provincia de Buenos Aires</name>
        <lei>549300L6AYROPOTQ4L07</lei>
        <title>PROVINCIA DE BUENOS AIRES/GOVERNMENT BONDS MTN 6.625000% 09/01/2037</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Estados Unidos Mexicanos</name>
        <lei>254900EGTWEU67VP6075</lei>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>USD P/PLN C</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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        <name>Federal Democratic Republic of Ethiopia</name>
        <lei>N/A</lei>
        <title>FEDERAL REP OF ETHIOPIA 6.625000% 12/11/2024</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1151974877"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ET</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES</name>
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          <other otherDesc="FX Forwards" value="CCTUSD__00026726"/>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>J.P. MORGAN SECURITIES</counterpartyName>
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        <name>USD P/CLP C</name>
        <lei>N/A</lei>
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          <other otherDesc="Options" value="USCLP2863"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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            <putOrCall>Put</putOrCall>
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            <descRefInstrmnt>
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      <invstOrSec>
        <name>Corporacion Nacional del Cobre de Chile</name>
        <lei>549300UVMBCBCIPSUI70</lei>
        <title>CORP NACIONAL DEL COBRE DE CHILE 5.950000% 01/08/2034</title>
        <cusip>P3143NBQ6</cusip>
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          <isin value="USP3143NBQ62"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/ZAR SETTLE 2025-07-30</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00013318"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Romania</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANIA 7.500000% 02/10/2037</title>
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          <isin value="XS2999564581"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/COP SETTLE 2025-06-18</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00008459"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES</name>
        <lei>984500653R409CC5AB28</lei>
        <title>FX Forward Contract: USD/IDR SETTLE 2025-06-10</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00026415"/>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>POLISH ZLOTY</name>
        <lei>N/A</lei>
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          <other otherDesc="FX Forwards" value="CCTPLN__00017386"/>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>WELLS FARGO</name>
        <lei>VYVVCKR63DVZZN70PB21</lei>
        <title>FX Forward Contract: MXN/USD SETTLE 2025-06-23</title>
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        <name>Banco Central del Uruguay</name>
        <lei>549300DTMS39GZYBX161</lei>
        <title>URU MONETARY REG BILL ZERO COUPON 06/23/2025</title>
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        <name>Pemerintah Republik Indonesia</name>
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        <name>Romania</name>
        <lei>315700IASY927EDWBK92</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>J.P. MORGAN SECURITIES</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITIGROUP GLOBAL MARKETS INC.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>CITIGROUP GLOBAL MARKETS INC.</counterpartyName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>ROMANIAN LEU</name>
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          <other otherDesc="FX Forwards" value="CCTKZT__00014682"/>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>ROMANIAN LEU</counterpartyName>
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            <amtCurSold>462516.86000000</amtCurSold>
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            <unrealizedAppr>7243.78000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
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      <invstOrSec>
        <name>JP MORGAN CHASE BANK N.A.</name>
        <lei>984500653R409CC5AB28</lei>
        <title>BRK : J P MORGAN CHASE BANK PAY : 8.458% FIXED</title>
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        <isRestrictedSec>N</isRestrictedSec>

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            <swapFlag>Y</swapFlag>
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            <unrealizedAppr>-276253.86000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Braskem Netherlands Finance B.V.</name>
        <lei>2549000TLMHFQ74DS330</lei>
        <title>BRASKEM NETHERLANDS FINANCE BV 8.500000% 01/12/2031</title>
        <cusip>N15516AH5</cusip>
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          <isin value="USN15516AH53"/>
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        <balance>320000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>307155.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/BRL SETTLE 2025-07-03</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00014259"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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            <amtCurSold>3155000.00000000</amtCurSold>
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            <settlementDt>2025-07-03</settlementDt>
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        <securityLending>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co International</name>
        <lei>4PQUHN3JPFGFNF3BB653</lei>
        <title>Credit Default Swap</title>
        <cusip>CDS288986</cusip>
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          <other otherDesc="All Others" value="CDS288986"/>
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        <assetCat>DCR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>Morgan Stanley &amp; Co International</counterpartyName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CZECH REPUBLIC KORUNA</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: CZK/USD SETTLE 2025-06-03</title>
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          <other otherDesc="FX Forwards" value="CCTCZK__00016523"/>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/HUF SETTLE 2025-10-27</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00013712"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Republic of South Africa</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>REPUBLIC OF SOUTH AFRICA 11.625000% 03/31/2053</title>
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        <issuerCat>NUSS</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Kerajaan Malaysia</name>
        <lei>254900GSIL471JOBYY43</lei>
        <title>MALAYSIA GOVERNMENT 2.632000% 04/15/2031</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>USD P/ZAR C</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
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      <invstOrSec>
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        <cusip>N/A</cusip>
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        <name>The Commonwealth of The Bahamas</name>
        <lei>549300W13SXC7EKNJC20</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>BS</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Republica Argentina</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>REPUBLIC OF ARGENTINA 3.750000% 07/09/2046</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2177365520"/>
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        <balance>801363.63610000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.88086000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-09</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Republica del Ecuador</name>
        <lei>5299003Y2U5XK0A35H71</lei>
        <title>REPUBLIC OF ECUADOR 6.900000% 07/31/2030</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2214237807"/>
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        <balance>5021743.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3889390.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EC</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.90000000</annualizedRt>
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      <invstOrSec>
        <name>Republica Argentina</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>REPUBLIC OF ARGENTINA 0.125000% 07/09/2030</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2177363665"/>
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        <balance>880000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.88086000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>The Hashemite Kingdom of Jordan</name>
        <lei>5493000JZ4MYPVMBVN50</lei>
        <title>KINGDOM OF JORDAN 7.500000% 01/13/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2602742285"/>
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        <balance>1230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1241020.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>HSBC Bank PLC</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>BRK : HSBC PAY : 4.94% FIXED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="22602411"/>
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        <balance>13700000000.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="CLP" exchangeRt="945.26500000"/>
        <valUSD>-160798.00000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>Estados Unidos Mexicanos</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MEX BONOS DESARR FIX RT 8.500000% 03/01/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX0MGO0001F1"/>
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        <balance>14981000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/ILS SETTLE 2025-06-18</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00018482"/>
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        <units>NC</units>
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        <valUSD>-27.57000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>DEUTSCHE BANK SECURITIES, INC.</counterpartyName>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
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        <cusip>706451BG5</cusip>
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          <isin value="US706451BG56"/>
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        <balance>3132000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2507328.24000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Turkiye Cumhuriyeti</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
        <title>REPUBLIC OF TURKIYE 7.125000% 07/17/2032</title>
        <cusip>900123DL1</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Republique du Benin</name>
        <lei>635400Q11P6AE5A5Y230</lei>
        <title>BENIN GOVERNMENT INTERNATIONAL BOND 144A 8.375000% 01/23/2041</title>
        <cusip>08205QAC2</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>People's Republic of China</name>
        <lei>300300CHN201808MOF68</lei>
        <title>CHINA GOVERNMENT INTERNATIONAL BOND 144A 4.125000% 11/20/2027</title>
        <cusip>16955EAE0</cusip>
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          <isin value="US16955EAE05"/>
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        <curCd>USD</curCd>
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        <invCountry>CN</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Republic of India</name>
        <lei>335800IV7VCDQGIOI391</lei>
        <title>INDIA GOVERNMENT BOND 7.300000% 06/19/2053</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IN0020230051"/>
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        <balance>600000000.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="85.57500000"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-06-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.30000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pemerintah Republik Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>INDONESIA GOVERNMENT 7.500000% 06/15/2035</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IDG000013509"/>
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        <balance>5000000000.00000000</balance>
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        <currencyConditional curCd="IDR" exchangeRt="16290.00000000"/>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>AVENIR ISSUER II (IRELAND) DESIGNATED ACTIVITY COMPANY</name>
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        <name>J.P. MORGAN SECURITIES</name>
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        <name>Republic of Zambia</name>
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        <name>Asian Infrastructure Investment Bank</name>
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        <name>Magyarorszag</name>
        <lei>5299003F3UFKGCCMAP43</lei>
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        <name>CZECH REPUBLIC KORUNA</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>JP MORGAN CHASE BANK N.A.</name>
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        <name>BROWN BROTHERS HARRIMAN &amp; CO.</name>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>Ceska republika</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Telecommunications Services of Trinidad and Tobago Limited</name>
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        <name>Eastern European Electric Company B.V.</name>
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        <name>Kerajaan Malaysia</name>
        <lei>254900GSIL471JOBYY43</lei>
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        <name>ISRAELI SHEKEL</name>
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        <name>TURKISH LIRA</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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          <other otherDesc="FX Forwards" value="CCTUSD__00014864"/>
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        <name>Pemerintah Republik Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
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        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
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        <name>THAILAND BAHT</name>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO, INC</name>
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        <name>People's Republic of China</name>
        <lei>300300CHN201808MOF68</lei>
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        <name>ADNOC MURBAN RSC LTD</name>
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        <name>Rzeczpospolita Polska</name>
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        <name>HSBC Bank PLC</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>JP MORGAN</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Republica Argentina</name>
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        <name>Pemerintah Republik Indonesia</name>
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        <name>Ceska republika</name>
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        <name>Republic of Ghana</name>
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        <name>Estados Unidos Mexicanos</name>
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        <name>Petroleos de Venezuela, S.A.</name>
        <lei>549300YWR8TN1OFD4P06</lei>
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        <name>Republica de Guatemala</name>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>Arab Republic of Egypt</name>
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        <name>Republic of Ghana</name>
        <lei>213800PP4399SNNXZ126</lei>
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        <name>CITIGROUP</name>
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        <name>Credicorp Capital Sociedad Titulizadora S.A.</name>
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        <name>Republic of Uzbekistan</name>
        <lei>213800L6VDKUM3TCM927</lei>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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            <putOrCall>Put</putOrCall>
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        <name>J.P. MORGAN SECURITIES</name>
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        <name>Republica de Colombia</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Democratic Socialist Republic of Sri Lanka</name>
        <lei>254900IG6Y30I2QE2R92</lei>
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        <invCountry>LK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Republica de Angola</name>
        <lei>549300QHR2R3J8JSGK83</lei>
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        <identifiers>
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        <invCountry>AO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>TURKISH LIRA</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: TRY/USD SETTLE 2025-06-16</title>
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          <other otherDesc="FX Forwards" value="CCTTRY__00018343"/>
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        <name>J.P. MORGAN SECURITIES</name>
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        <name>MV24 CAPITAL B.V</name>
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        <name>Emirate of Abu Dhabi</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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      <invstOrSec>
        <name>INDONESIA RUPIAH</name>
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        <name>Banco Central del Uruguay</name>
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        <name>Republica del Peru</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Republica Argentina</name>
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        <name>Empresa de los Ferrocarriles del Estado</name>
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        <name>Pemerintah Republik Indonesia</name>
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        <name>Pemerintah Republik Indonesia</name>
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        <name>Kingdom of Thailand</name>
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        <name>UZBEKISTAN SUM</name>
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        <name>JAPANESE YEN</name>
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        <name>Transnet SOC Ltd</name>
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        <name>The Hashemite Kingdom of Jordan</name>
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        <name>Republica de Guatemala</name>
        <lei>529900QKDFFU9UWW5315</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Standard Chartered Bank</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Kerajaan Malaysia</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHINESE YUAN RENMINBI</name>
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          <other otherDesc="FX Forwards" value="CCTCNY__00000669"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Braskem Idesa, S.A.P.I.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TURKISH LIRA</name>
        <lei>N/A</lei>
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          <other otherDesc="FX Forwards" value="CCTTRY__00016329"/>
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        <name>MSCI 1.000</name>
        <lei>N/A</lei>
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          <other otherDesc="All Others" value="CDS288CP8"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Gobierno de la Republica Dominicana</name>
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        <invCountry>DO</invCountry>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Turkiye Cumhuriyeti</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
        <title>TURKIYE GOVERNMENT BOND 27.700000% 09/27/2034</title>
        <cusip>N/A</cusip>
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          <isin value="TRT270934T18"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>

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        <name>ROMANIAN LEU</name>
        <lei>N/A</lei>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTKZT__00016317"/>
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        <units>NC</units>
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        <invCountry>RO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES</name>
        <lei>984500653R409CC5AB28</lei>
        <title>FX Forward Contract: USD/COP SETTLE 2025-06-11</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00026404"/>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>ARAB REPUBLIC OF EGYPT 8.500000% 01/31/2047</title>
        <cusip>N/A</cusip>
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          <isin value="XS1558078496"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO, INC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>FX Forward Contract: USD/EUR SETTLE 2025-07-14</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00024590"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Rzeczpospolita Polska</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>VEB FINANCE PUBLIC LIMITED COMPANY</name>
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        <title>VNESHECONOMBANK VIA VEB FINANCE PLC 144A 6.800000% 11/22/2025</title>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>NIGERIA OMO BILL ZERO COUPON 12/02/2025</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>TURKISH LIRA</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: TRY/USD SETTLE 2025-06-18</title>
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        <name>Kerajaan Malaysia</name>
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        <name>Morgan Stanley &amp; Co International</name>
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        <name>Bank of America</name>
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        <name>J.P. MORGAN SECURITIES</name>
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      <invstOrSec>
        <name>CHINESE YUAN RENMINBI</name>
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          <other otherDesc="FX Forwards" value="CCTCNY__00017387"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/ZAR SETTLE 2025-06-18</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00011462"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Goldman Sachs International</name>
        <lei>W22LROWP2IHZNBB6K528</lei>
        <title>BRK- GOLDMAN SACHS INTERNATIONAL REC- 1.9045</title>
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          <other otherDesc="All Others" value="IRS28H0X5"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <swapDeriv derivCat="SWP">
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        <name>Republique Gabonaise</name>
        <lei>213800XA7X746GRPXA35</lei>
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          <isin value="XS2407752711"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Kingdom of Saudi Arabia</name>
        <lei>635400FMICXSM3SI3H65</lei>
        <title>SAUDI GOVERNMENT INTERNATIONAL BOND MTN 4.750000% 01/16/2030</title>
        <cusip>N/A</cusip>
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          <isin value="XS2747598444"/>
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        <balance>3000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Magyarorszag</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>HUNGARY GOVERNMENT INTERNATIONAL BOND 144A 5.500000% 03/26/2036</title>
        <cusip>445545AU0</cusip>
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          <isin value="US445545AU03"/>
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        <balance>1642000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>HU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Saudi Arabian Oil Company</name>
        <lei>5586006WD91QHB7J4X50</lei>
        <title>SAUDI ARABIAN OIL CO MTN 5.875000% 07/17/2064</title>
        <cusip>80414L2Q7</cusip>
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        <balance>3903000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3490624.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.87500000</annualizedRt>
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        <name>Kerajaan Malaysia</name>
        <lei>254900GSIL471JOBYY43</lei>
        <title>MALAYSIA GOVERNMENT 3.502000% 05/31/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYBMX0700034"/>
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        <balance>15182000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Republic of South Africa</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>REPUBLIC OF SOUTH AFRICA 4.300000% 10/12/2028</title>
        <cusip>836205AU8</cusip>
        <identifiers>
          <isin value="US836205AU87"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</annualizedRt>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>NIGERIA OMO BILL ZERO COUPON 12/09/2025</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>NG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
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        <cusip>71654QDD1</cusip>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/HUF SETTLE 2025-06-18</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00016277"/>
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        <name>Republique de Cote d'Ivoire</name>
        <lei>254900ICW11T82O6H590</lei>
        <title>IVORY COAST 6.625000% 03/22/2048</title>
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          <isin value="XS1796266754"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CI</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Corporacion Nacional del Cobre de Chile</name>
        <lei>549300UVMBCBCIPSUI70</lei>
        <title>CORP NACIONAL DEL COBRE DE CHILE 6.780000% 01/13/2055</title>
        <cusip>P3143NBW3</cusip>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>U.S. DOLLARS</name>
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        <title>FX Forward Contract: USD/EGP SETTLE 2025-07-07</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00016332"/>
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        <name>Kerajaan Malaysia</name>
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        <name>Turkiye Cumhuriyeti</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
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        <cusip>N/A</cusip>
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          <isin value="TRT051033T12"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>TURKISH LIRA</name>
        <lei>N/A</lei>
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        <name>Republic of Ukraine</name>
        <lei>6354001WLTJXOMEXPY07</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TURKISH LIRA</name>
        <lei>N/A</lei>
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          <other otherDesc="FX Forwards" value="CCTTRY__00002611"/>
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      <invstOrSec>
        <name>Republika Srbija</name>
        <lei>254900W94OCY91V32O78</lei>
        <title>SERBIA INTERNATIONAL BOND 144A 6.000000% 06/12/2034</title>
        <cusip>817477AJ1</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>Republica Oriental del Uruguay</name>
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        <name>JP MORGAN</name>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>Islamic Republic of Pakistan</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Republic of North Macedonia</name>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>PERUVIAN NEW SOL</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Sultanate of Oman</name>
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        <name>Republic of Lebanon</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>JP MORGAN</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
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        <name>Rzeczpospolita Polska</name>
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        <name>Kerajaan Malaysia</name>
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        <name>J.P. MORGAN SECURITIES</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Republica Oriental del Uruguay</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>TURKIYE CUMHURIYETI ZIRAAT BANKASI ANONIM SIRKETI</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Republic of Kenya</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Empresa Nacional del Petroleo</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MEXICAN PESO</name>
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      <invstOrSec>
        <name>Republic of North Macedonia</name>
        <lei>635400RD1N6RVNCE4958</lei>
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          <isin value="XS2310118893"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Republic of the Philippines</name>
        <lei>529900RAHBALMYIJ3T08</lei>
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          <isin value="US718286CL96"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Republica de Honduras</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Kingdom of Thailand</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>JP MORGAN CHASE BANK N.A.</name>
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        <title>BRK - JPMORGAN CHASE BANK PAY - CHINA FIXING REPO RATES 7 DAY</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>TURKISH LIRA</name>
        <lei>N/A</lei>
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          <other otherDesc="FX Forwards" value="CCTTRY__00024189"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Republic of Zambia</name>
        <lei>213800DMLAZ6LGMMD849</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>INTERNATIONAL FINANCE CORPORATION</name>
        <lei>QKL54NQY28TCDAI75F60</lei>
        <title>INTERNATIONAL FINANCE CORP MTN ZERO COUPON 08/16/2028</title>
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          <isin value="XS2669240975"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Sultanate of Oman</name>
        <lei>549300SZ20F0QTKNQC75</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: ZAR/USD SETTLE 2025-06-18</title>
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          <other otherDesc="FX Forwards" value="CCTZAR__00014258"/>
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        <name>ADANI RENEWABLE ENERGY (RJ) LIMITED</name>
        <lei>335800DKCLYHG21PBG55</lei>
        <title>ADANI RENEWABLE ENERGY RJ LTD/KODANGAL SOLAR PARKS 4.625000% 10/15/2039</title>
        <cusip>N/A</cusip>
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          <isin value="XS2057842176"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley &amp; Co International</name>
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        <name>Republica de Guatemala</name>
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        <name>Gobierno de la Republica Dominicana</name>
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        <name>Banco Central de la Republica Dominicana</name>
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        <name>Asian Infrastructure Investment Bank</name>
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        <name>Transjamaican Highway Limited</name>
        <lei>254900AWJ3QIGYQ04W45</lei>
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        <invCountry>JM</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SEPLAT ENERGY PLC</name>
        <lei>029200711C4S4CB2E982</lei>
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        <cusip>81733MAA3</cusip>
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      <invstOrSec>
        <name>Kerajaan Malaysia</name>
        <lei>254900GSIL471JOBYY43</lei>
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        <cusip>EK7974596</cusip>
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        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COLOMBIA PESO</name>
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          <other otherDesc="FX Forwards" value="CCTCOP__00018287"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Republique du Senegal</name>
        <lei>549300NP14ZLQGWIUZ97</lei>
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          <isin value="XS1790104530"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>JPMORGAN SECURITIES LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>PERUVIAN NEW SOL</name>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTPEN__00012184"/>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Republica del Ecuador</name>
        <lei>5299003Y2U5XK0A35H71</lei>
        <title>REPUBLIC OF ECUADOR ZERO COUPON 07/31/2030</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2214239506"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>EC</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Federal Republic of Nigeria</name>
        <lei>549300GSBZD84TNEQ285</lei>
        <title>NIGERIA GOVERNMENT INTERNATIONAL BOND MTN 7.375000% 09/28/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2384701020"/>
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        <invCountry>NG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>KHAZANAH GLOBAL SUKUK BERHAD</name>
        <lei>213800VIN16ILYRCKD86</lei>
        <title>KHAZANAH GLOBAL SUKUK BHD MTN 4.687000% 06/01/2028</title>
        <cusip>N/A</cusip>
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          <isin value="XS2629054201"/>
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        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
        <title>BRK : GOLDMAN SACHS REC : 13.3125% FIXED</title>
        <cusip>N/A</cusip>
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          <other otherDesc="All Others" value="23049897"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Republica del Ecuador</name>
        <lei>5299003Y2U5XK0A35H71</lei>
        <title>REPUBLIC OF ECUADOR 6.900000% 07/31/2030</title>
        <cusip>N/A</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>U.S. DOLLARS</name>
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        <title>FX Forward Contract: USD/EUR SETTLE 2025-06-18</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00015663"/>
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        <units>NC</units>
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        <name>Ceska republika</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Romania</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANIA GOVERNMENT BOND 6.300000% 04/25/2029</title>
        <cusip>N/A</cusip>
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          <isin value="ROJVM8ELBDU4"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.30000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Republic of Tajikistan</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Republica Federativa do Brasil</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>JP MORGAN CHASE BANK N.A.</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Republica Federativa do Brasil</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Republica de Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Estados Unidos Mexicanos</name>
        <lei>254900EGTWEU67VP6075</lei>
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        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Estados Unidos Mexicanos</name>
        <lei>254900EGTWEU67VP6075</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Joint-Stock Cornpany Uzbekneftegaz</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>UZ</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES</name>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00026413"/>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Republica del Peru</name>
        <lei>254900STKLK2DBJJZ530</lei>
        <title>REPUBLIC OF PERU 5.875000% 08/08/2054</title>
        <cusip>715638EC2</cusip>
        <identifiers>
          <isin value="US715638EC21"/>
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        <balance>2726000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-08-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>ROMANIAN LEU</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: KZT/USD SETTLE 2025-07-29</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTKZT__00018154"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="KZT" exchangeRt="510.60000000"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>RO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>ROMANIAN LEU</counterpartyName>
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            <amtCurSold>1822661.06000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>949970943.00000000</amtCurPur>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Republica de Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>TITULOS DE TESORERIA 7.250000% 10/26/2050</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COL17CT03722"/>
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        <balance>25983900000.00000000</balance>
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        <currencyConditional curCd="COP" exchangeRt="4162.99500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-10-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Republica Federativa do Brasil</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>NOTA DO TESOURO NACIONAL 10.000000% 01/01/2031</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRSTNCNTF204"/>
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        <balance>58290000.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.73205000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>PORT OF SPAIN WATERFRONT DEVELOPMENT LIMITED</name>
        <lei>N/A</lei>
        <title>PORT OF SPAIN WATERFRONT DEVELOPMENT 7.875000% 02/19/2040</title>
        <cusip>P7S30QAA2</cusip>
        <identifiers>
          <isin value="USP7S30QAA22"/>
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        <balance>1700000.00000000</balance>
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        <invCountry>TT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/HUF SETTLE 2025-06-18</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00008453"/>
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        <balance>1.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>DEUTSCHE BANK SECURITIES, INC.</counterpartyName>
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      <invstOrSec>
        <name>ASIAN DEVELOPMENT BANK</name>
        <lei>549300X0MVH42CY8Q105</lei>
        <title>ASIAN DEVELOPMENT BANK MTN ZERO COUPON 04/20/2043</title>
        <cusip>ZL9623907</cusip>
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          <isin value="XS2608814427"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republica del Ecuador</name>
        <lei>5299003Y2U5XK0A35H71</lei>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES</name>
        <lei>984500653R409CC5AB28</lei>
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        <invCountry>PA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/BRL SETTLE 2025-07-03</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00016059"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Republica Federativa do Brasil</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EGYPTIAN POUND</name>
        <lei>N/A</lei>
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          <other otherDesc="FX Forwards" value="CCTEGP__00007721"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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            <amtCurSold>614754.10000000</amtCurSold>
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      <invstOrSec>
        <name>Kingdom of Bahrain</name>
        <lei>54930065PJIB53WWMP12</lei>
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        <cusip>N/A</cusip>
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          <isin value="XS2290957732"/>
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        <balance>8150000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Republic of South Africa</name>
        <lei>378900AAFB4F17004C49</lei>
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        <cusip>836205BB9</cusip>
        <identifiers>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Republique du Senegal</name>
        <lei>549300NP14ZLQGWIUZ97</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1619155564"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>SN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CITIGROUP GLOBAL MARKETS INC.</name>
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          <other otherDesc="All Others" value="IRS288QU4"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>CITIGROUP GLOBAL MARKETS INC.</counterpartyName>
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      <invstOrSec>
        <name>Estados Unidos Mexicanos</name>
        <lei>254900EGTWEU67VP6075</lei>
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        <cusip>N/A</cusip>
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          <isin value="MX0MGO0001I5"/>
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        <balance>230000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Republica del Peru</name>
        <lei>254900STKLK2DBJJZ530</lei>
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        <cusip>P78024AE9</cusip>
        <identifiers>
          <isin value="USP78024AE96"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-12</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Corporacion Andina de Fomento</name>
        <lei>UKZ46SXGNYCZK0UOZE76</lei>
        <title>CORP ANDINA DE FOMENTO MTN 7.700000% 03/06/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2778909684"/>
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        <balance>340000000.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="85.57500000"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.70000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Petroleos de Venezuela, S.A.</name>
        <lei>549300YWR8TN1OFD4P06</lei>
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        <cusip>P7807HAR6</cusip>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/IDR SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00011613"/>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Kerajaan Malaysia</name>
        <lei>254900GSIL471JOBYY43</lei>
        <title>MALAYSIA GOVERNMENT 4.696000% 10/15/2042</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
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        <name>Kingdom of Thailand</name>
        <lei>254900PHJ6MSKT6C7026</lei>
        <title>THAILAND GOVERNMENT BOND 2.750000% 06/17/2052</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>UZBEKISTAN SUM</name>
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        <title>FX Forward Contract: UZS/USD SETTLE 2025-10-28</title>
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        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>United States of America</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republica del Peru</name>
        <lei>254900STKLK2DBJJZ530</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>J.P. MORGAN SECURITIES</name>
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        <name>Republic of South Africa</name>
        <lei>378900AAFB4F17004C49</lei>
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        <issuerCat>NUSS</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Republic of Uzbekistan</name>
        <lei>213800L6VDKUM3TCM927</lei>
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        <cusip>91822Q2J5</cusip>
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          <isin value="US91822Q2J50"/>
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        <invCountry>UZ</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>THE ISRAEL ELECTRIC CORP. LTD.</name>
        <lei>254900JW7GE35YNJGJ55</lei>
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          <isin value="USM60170AC79"/>
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        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>OCP SA</name>
        <lei>213800D26TAPVTCVWG40</lei>
        <title>OCP SA 144A 7.500000% 05/02/2054</title>
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          <isin value="US67091TAG04"/>
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          <couponKind>Fixed</couponKind>
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        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/BRL SETTLE 2025-06-03</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00018349"/>
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        <name>Kyrgyz Republic</name>
        <lei>253400QJNKYYP2C7PA85</lei>
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        <cusip>50158LAA6</cusip>
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          <isin value="US50158LAA61"/>
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        <invCountry>KG</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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        <name>INTER AMERICAN DEVELOPMENT BANK</name>
        <lei>VKU1UKDS9E7LYLMACP54</lei>
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          <isin value="XS2696224745"/>
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        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>JP MORGAN CHASE BANK N.A.</name>
        <lei>984500653R409CC5AB28</lei>
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        <name>Government of Mongolia</name>
        <lei>254900PW61ADCBDCLP71</lei>
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        <cusip>60937LAJ4</cusip>
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          <isin value="US60937LAJ44"/>
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        <name>Republica de Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>TITULOS DE TESORERIA 6.000000% 04/28/2028</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Estados Unidos Mexicanos</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MEX BONOS DESARR FIX RT 8.000000% 11/07/2047</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Kingdom of Thailand</name>
        <lei>254900PHJ6MSKT6C7026</lei>
        <title>THAILAND GOVERNMENT BOND 2.800000% 06/17/2034</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0623B3E601"/>
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        <balance>62493000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>PORT OF SPAIN WATERFRONT DEVELOPMENT LIMITED</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>EURO</name>
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          <other otherDesc="FX Forwards" value="CCTEUR__00007824"/>
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        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ROMANIAN LEU</name>
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          <other otherDesc="FX Forwards" value="CCTKZT__00016692"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>TURKISH LIRA</name>
        <lei>N/A</lei>
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          <other otherDesc="FX Forwards" value="CCTTRY__00009026"/>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/IDR SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
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          <other otherDesc="FX Forwards" value="CCTUSD__00014247"/>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/ZAR SETTLE 2025-07-30</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00017645"/>
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        <balance>1.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>DEUTSCHE BANK SECURITIES, INC.</counterpartyName>
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      <invstOrSec>
        <name>Republica de Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>TITULOS DE TESORERIA 9.250000% 05/28/2042</title>
        <cusip>N/A</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>CZECH REPUBLIC KORUNA</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: CZK/USD SETTLE 2025-06-18</title>
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          <other otherDesc="FX Forwards" value="CCTCZK__00011810"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gobierno de la Republica Dominicana</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/EUR SETTLE 2025-06-10</title>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES</name>
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        <name>MEXICAN PESO</name>
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        <name>Republic of North Macedonia</name>
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        <name>Joint Stock Company National Company KazMunayGas</name>
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        <name>HSBC Bank PLC</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>BRK : HSBC REC : 15.69</title>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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          <other otherDesc="FX Forwards" value="CCTUSD__00017383"/>
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        <name>Asian Infrastructure Investment Bank</name>
        <lei>25490065OSV2524LCR32</lei>
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        <invCountry>XX</invCountry>

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        <name>Rzeczpospolita Polska</name>
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        <title>POLAND GOVERNMENT BOND 7.500000% 07/25/2028</title>
        <cusip>N/A</cusip>
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          <isin value="PL0000115192"/>
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        <name>Republica Argentina</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>REPUBLIC OF ARGENTINA 4.125000% 07/09/2035</title>
        <cusip>040114HT0</cusip>
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          <isin value="US040114HT09"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/CNY SETTLE 2025-07-09</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00001321"/>
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        <assetCat>DFE</assetCat>
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              <counterpartyName>DEUTSCHE BANK SECURITIES, INC.</counterpartyName>
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      <invstOrSec>
        <name>JP MORGAN CHASE BANK N.A.</name>
        <lei>984500653R409CC5AB28</lei>
        <title>BRK : JPMORGAN CHASE BANK REC : 3M Libor</title>
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        <identifiers>
          <other otherDesc="All Others" value="IRS288U77"/>
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        <currencyConditional curCd="KRW" exchangeRt="1379.70000000"/>
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              <counterpartyName>JP MORGAN CHASE BANK N.A.</counterpartyName>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES</name>
        <lei>984500653R409CC5AB28</lei>
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          <other otherDesc="FX Forwards" value="CCTUSD__00026538"/>
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        <name>Petroleos de Venezuela, S.A.</name>
        <lei>549300YWR8TN1OFD4P06</lei>
        <title>Petroleos de Venezuela SA 9.750000% 05/17/2035</title>
        <cusip>P7807HAQ8</cusip>
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        <balance>18362000.00000000</balance>
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        <invCountry>VE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Pemerintah Republik Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>INDONESIA GOVERNMENT 6.875000% 04/15/2029</title>
        <cusip>N/A</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>PT Indonesia Asahan Aluminium (Persero)</name>
        <lei>2549008P48EB9SN2OI80</lei>
        <title>INDONESIA ASAHAN ALUMINIUM PT / MINERAL INDUSTRI I 5.800000% 05/15/2050</title>
        <cusip>Y7140WAG3</cusip>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>Barclays Capital Inc.</name>
        <lei>213800IQAOC5HG62T347</lei>
        <title>BRK:BARCLAYS PAY:3.7797% FIXED</title>
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        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>EGYPT GOVERNMENT INTERNATIONAL BOND MTN 8.625000% 02/04/2030</title>
        <cusip>03846JAH3</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>POLISH ZLOTY</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: PLN/USD SETTLE 2025-06-18</title>
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          <other otherDesc="FX Forwards" value="CCTPLN__00012565"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Republic of Ghana</name>
        <lei>213800PP4399SNNXZ126</lei>
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        <name>COTE D IVOIRE (REPUBLIC OF)</name>
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        <name>EDO Sukuk Limited</name>
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        <name>J.P. MORGAN SECURITIES</name>
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        <name>Republica del Ecuador</name>
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        <name>PETRONAS Capital Limited</name>
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        <name>HSBC</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Republica de Panama</name>
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        <name>Kingdom of Thailand</name>
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        <name>Republic of the Philippines</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Democratic Socialist Republic of Sri Lanka</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Royaume du Maroc</name>
        <lei>529900F3MBW9XY5K1X07</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Republica Argentina</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republica de Colombia</name>
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      <invstOrSec>
        <name>ROMANIAN LEU</name>
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        <name>JPMORGAN SECURITIES LLC</name>
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        <name>Republique de Cote d'Ivoire</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Government of Bermuda</name>
        <lei>549300FP5PUZXX9FVJ40</lei>
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        <cusip>G10367AE3</cusip>
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          <isin value="USG10367AE36"/>
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        <balance>306000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>266373.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Republica de Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>TITULOS DE TESORERIA 7.000000% 06/30/2032</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COL17CT03490"/>
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        <balance>5838200000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="COP" exchangeRt="4162.99500000"/>
        <valUSD>1082918.68000000</valUSD>
        <pctVal>0.064727952912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>US TREASURY FRN VARIABLE RATE 10/31/2026</title>
        <cusip>91282CLT6</cusip>
        <identifiers>
          <isin value="US91282CLT61"/>
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        <balance>1900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1902799.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.50626400</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kingdom of Bahrain</name>
        <lei>54930065PJIB53WWMP12</lei>
        <title>KINGDOM OF BAHRAIN 7.000000% 10/12/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1405766541"/>
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        <balance>2597000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2650309.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>UAH CURRENCY FV PLACEHOLDER VALUED AT BROKER QUOTE AVERAGE FROM NINETY ONE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="UAH_FV"/>
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        <balance>165537.25000000</balance>
        <units>PA</units>
        <currencyConditional curCd="UAH" exchangeRt="41.53000000"/>
        <valUSD>3370.79000000</valUSD>
        <pctVal>0.000201478043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>15.84000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>EGYPT GOVERNMENT BOND 24.458000% 10/01/2027</title>
        <cusip>YU0812781</cusip>
        <identifiers>
          <isin value="EGBGR05931F3"/>
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        <balance>24600000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EGP" exchangeRt="49.72000000"/>
        <valUSD>505254.91000000</valUSD>
        <pctVal>0.030199974040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>24.45800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>People's Republic of China</name>
        <lei>300300CHN201808MOF68</lei>
        <title>CHINA GOVT INTL BOND 0.550000% 10/21/2025</title>
        <cusip>Y15025AB8</cusip>
        <identifiers>
          <isin value="USY15025AB84"/>
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        <balance>728000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>717567.76000000</valUSD>
        <pctVal>0.042890286259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.55000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/EUR SETTLE 2025-06-06</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00016953"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-49390.85000000</valUSD>
        <pctVal>-0.00295217791</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>DEUTSCHE BANK SECURITIES, INC.</counterpartyName>
              <counterpartyLei>9J6MBOOO7BECTDTUZW19</counterpartyLei>
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            <amtCurSold>2343000.00000000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>2611624.95000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-06-06</settlementDt>
            <unrealizedAppr>-49390.85000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/EGP SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00018292"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-5042.49000000</valUSD>
        <pctVal>-0.00030139849</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>DEUTSCHE BANK SECURITIES, INC.</counterpartyName>
              <counterpartyLei>9J6MBOOO7BECTDTUZW19</counterpartyLei>
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            <amtCurSold>29456000.00000000</amtCurSold>
            <curSold>EGP</curSold>
            <amtCurPur>582479.73000000</amtCurPur>
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            <settlementDt>2025-06-18</settlementDt>
            <unrealizedAppr>-5042.49000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Standard Chartered Bank</name>
        <lei>276345HYMX591FE8F735</lei>
        <title>BRK : STANDARD CHARTERED BANK REC : 1.718% FIXED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="IRS2812T7"/>
        </identifiers>
        <balance>113000000.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="THB" exchangeRt="32.82750000"/>
        <valUSD>49606.19000000</valUSD>
        <pctVal>0.002965049167</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Standard Chartered Bank</counterpartyName>
              <counterpartyLei>276345HYMX591FE8F735</counterpartyLei>
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            <swapFlag>Y</swapFlag>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>THB</rcptCurCd>
            <notionalAmt>-113000000.00000000</notionalAmt>
            <curCd>THB</curCd>
            <unrealizedAppr>49606.19000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Petroleos del Peru - Petroperu S.A.</name>
        <lei>549300ZMGDLC9JT2OR80</lei>
        <title>PETROLEOS DEL PERU SA 5.625000% 06/19/2047</title>
        <cusip>P7808BAB3</cusip>
        <identifiers>
          <isin value="USP7808BAB38"/>
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        <balance>4490000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2723122.14000000</valUSD>
        <pctVal>0.162765796646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRK: BNS</name>
        <lei>N/A</lei>
        <title>BRK: BNS REC: 4.8% FIXED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="IRS285YQ9"/>
        </identifiers>
        <balance>36000000.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="PLN" exchangeRt="3.74455000"/>
        <valUSD>312188.21000000</valUSD>
        <pctVal>0.018660038034</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BRK: BNS</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="4.80000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="N/A" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
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            <terminationDt>2030-06-18</terminationDt>
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            <upfrontRcpt>-37242.40000000</upfrontRcpt>
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            <notionalAmt>-36000000.00000000</notionalAmt>
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            <unrealizedAppr>349430.61000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>The Commonwealth of The Bahamas</name>
        <lei>549300W13SXC7EKNJC20</lei>
        <title>COMMONWEALTH OF BAHAMAS 8.950000% 10/15/2032</title>
        <cusip>P06518AH0</cusip>
        <identifiers>
          <isin value="USP06518AH06"/>
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        <balance>1613000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1674939.20000000</valUSD>
        <pctVal>0.100114059967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BS</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Israel</name>
        <lei>213800T8ZHTFZIBYPE21</lei>
        <title>STATE OF ISRAEL 5.750000% 03/12/2054</title>
        <cusip>46514BRM1</cusip>
        <identifiers>
          <isin value="US46514BRM18"/>
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        <balance>486000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>430945.92000000</valUSD>
        <pctVal>0.025758395097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Emirate of Abu Dhabi</name>
        <lei>213800FER4348CINTA77</lei>
        <title>ABU DHABI GOVERNMENT INTERNATIONAL BOND MTN 1.700000% 03/02/2031</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2225210413"/>
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        <balance>1689000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1458073.67000000</valUSD>
        <pctVal>0.087151626062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CZECH REPUBLIC KORUNA</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: CZK/USD SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
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          <other otherDesc="FX Forwards" value="CCTCZK__00017384"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>CZECH REPUBLIC KORUNA</counterpartyName>
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            <amtCurSold>117610.45000000</amtCurSold>
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            <amtCurPur>2609000.00000000</amtCurPur>
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            <unrealizedAppr>1149.35000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Kerajaan Malaysia</name>
        <lei>254900GSIL471JOBYY43</lei>
        <title>MALAYSIA GOVERNMENT 3.828000% 07/05/2034</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYBMS1900047"/>
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        <balance>25879000.00000000</balance>
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        <currencyConditional curCd="MYR" exchangeRt="4.25650000"/>
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        <pctVal>0.371185485345</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-05</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/INR SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00018295"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-297.26000000</valUSD>
        <pctVal>-0.00001776775</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>DEUTSCHE BANK SECURITIES, INC.</counterpartyName>
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            <amtCurSold>26127000.00000000</amtCurSold>
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            <amtCurPur>304776.90000000</amtCurPur>
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            <unrealizedAppr>-297.26000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kingdom of Thailand</name>
        <lei>254900PHJ6MSKT6C7026</lei>
        <title>THAILAND GOVERNMENT BOND 1.600000% 12/17/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0623039C03"/>
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        <balance>15120000.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="32.82750000"/>
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        <pctVal>0.027442143992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.60000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Magyarorszag</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>HUNGARY 6.125000% 05/22/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2574267188"/>
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        <balance>4814000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4958227.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-22</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO, INC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>FX Forward Contract: USD/BRL SETTLE 2025-06-03</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00027231"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>6406.40000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>MORGAN STANLEY &amp; CO, INC</counterpartyName>
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            <amtCurSold>3100000.00000000</amtCurSold>
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            <amtCurPur>546737.21000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-06-03</settlementDt>
            <unrealizedAppr>6406.40000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Estados Unidos Mexicanos</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MEX BONOS DESARR FIX RT 7.750000% 05/29/2031</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX0MGO0000P2"/>
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        <balance>85000000.00000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="19.40600000"/>
        <valUSD>4142107.47000000</valUSD>
        <pctVal>0.247581043923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JP MORGAN CHASE BANK N.A.</name>
        <lei>984500653R409CC5AB28</lei>
        <title>BRK : J P MORGAN CHASE BANK REC : 3.68% FIXED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="IRS28K6H8"/>
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        <balance>135000000.00000000</balance>
        <units>NC</units>
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        <pctVal>0.006573728391</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>JP MORGAN CHASE BANK N.A.</counterpartyName>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="N/A" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
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            <rcptCurCd>CZK</rcptCurCd>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CZECH REPUBLIC KORUNA</name>
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        <title>FX Forward Contract: CZK/USD SETTLE 2025-06-18</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTCZK__00014876"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>CZECH REPUBLIC KORUNA</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>USD P/ZAR C</name>
        <lei>N/A</lei>
        <title>USD P/ZAR C EXPIRATION: 07/28/2025</title>
        <cusip>USZAP2879</cusip>
        <identifiers>
          <other otherDesc="Options" value="USZAP2879"/>
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        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
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                <issuerName>N/A</issuerName>
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      <invstOrSec>
        <name>Republica de Honduras</name>
        <lei>5493002DW1JNBNG17615</lei>
        <title>HONDURAS GOVERNMENT 5.625000% 06/24/2030</title>
        <cusip>P5178RAD0</cusip>
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          <isin value="USP5178RAD00"/>
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        <invCountry>HN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/PEN SETTLE 2025-06-16</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00016525"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>United States of America</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Republica de Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>TITULOS DE TESORERIA 5.750000% 11/03/2027</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO, INC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>FX Forward Contract: USD/COP SETTLE 2025-08-15</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00026184"/>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Democratic Socialist Republic of Sri Lanka</name>
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        <name>Republic of Ukraine</name>
        <lei>6354001WLTJXOMEXPY07</lei>
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        <identifiers>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>UA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>USD P/HUF C</name>
        <lei>N/A</lei>
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        <name>Republica Del Paraguay</name>
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        <name>Kerajaan Malaysia</name>
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        <name>Magyarorszag</name>
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        <name>Empresa Nacional del Petroleo</name>
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        <name>DEUTSCHE BANK SECURITIES, INC.</name>
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        <name>Ma'aden Sukuk Limited</name>
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        <name>ROMANIAN LEU</name>
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        <name>PT Pertamina Hulu Energi</name>
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        <name>ADNOC MURBAN RSC LTD</name>
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        <cusip>00723L2B4</cusip>
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        <name>Romania</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANIAN GOVERNMENT INTERNATIONAL BOND MTN 7.625000% 01/17/2053</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Asian Infrastructure Investment Bank</name>
        <lei>25490065OSV2524LCR32</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ING Bank</name>
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        <name>CITIGROUP GLOBAL MARKETS INC.</name>
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        <title>Credit Default Swap</title>
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        <name>Estados Unidos Mexicanos</name>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES</name>
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        <title>FX Forward Contract: USD/THB SETTLE 2025-06-09</title>
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        <name>ROMANIAN LEU</name>
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        <name>N/A</name>
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        <name>Federal Republic of Nigeria</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
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        <cusip>N/A</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of Lebanon</name>
        <lei>529900QPC4K9S1KHL354</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1419879504"/>
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        <balance>409000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-05-27</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/MYR SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00014648"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
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        <valUSD>-9155.83000000</valUSD>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Israel</name>
        <lei>213800T8ZHTFZIBYPE21</lei>
        <title>STATE OF ISRAEL 3.800000% 05/13/2060</title>
        <cusip>N/A</cusip>
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          <isin value="XS2167193015"/>
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        <balance>2590000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
        <title>BRK : GOLDMAN SACHS PAY : 3.9% FIXED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="IRS28K6P0"/>
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        <balance>175000000.00000000</balance>
        <units>NC</units>
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        <assetCat>DIR</assetCat>
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        <invCountry>CZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>GOLDMAN SACHS &amp; CO. LLC</counterpartyName>
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            <swapFlag>Y</swapFlag>
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            <terminationDt>2035-06-18</terminationDt>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>CZK</rcptCurCd>
            <notionalAmt>-175000000.00000000</notionalAmt>
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            <unrealizedAppr>-229659.11000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Republique du Benin</name>
        <lei>635400Q11P6AE5A5Y230</lei>
        <title>BENIN INTL GOV BOND 6.875000% 01/19/2052</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2286298711"/>
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        <balance>615000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.88086000"/>
        <valUSD>560290.51000000</valUSD>
        <pctVal>0.033489548586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BJ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/MXN SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00010184"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-157392.14000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>DEUTSCHE BANK SECURITIES, INC.</counterpartyName>
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            <settlementDt>2025-06-18</settlementDt>
            <unrealizedAppr>-157392.14000000</unrealizedAppr>
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      <invstOrSec>
        <name>Republica de Chile</name>
        <lei>549300FLZTJM5YJF8D34</lei>
        <title>BONOS DE LA TESORERIA DE LA REPUBLICA EN PESOS 144 4.700000% 09/01/2030</title>
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        <identifiers>
          <isin value="CL0002454248"/>
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        <balance>1450000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sultanate of Oman</name>
        <lei>549300SZ20F0QTKNQC75</lei>
        <title>OMAN GOV INTERNTL BOND 6.750000% 01/17/2048</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1750114396"/>
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        <balance>1265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1268253.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>OM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-01-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Republica de Costa Rica</name>
        <lei>549300S1EK2VN6XVJP58</lei>
        <title>COSTA RICA GOVERNMENT 6.550000% 04/03/2034</title>
        <cusip>P3699PGM3</cusip>
        <identifiers>
          <isin value="USP3699PGM34"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>617268.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.55000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TURKISH LIRA</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: TRY/USD SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTTRY__00014870"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="TRY" exchangeRt="39.24175000"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>TURKISH LIRA</counterpartyName>
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            <amtCurSold>869800.07000000</amtCurSold>
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      <invstOrSec>
        <name>Kerajaan Malaysia</name>
        <lei>254900GSIL471JOBYY43</lei>
        <title>MALAYSIA GOVERNMENT 4.498000% 04/15/2030</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYBMX1000038"/>
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        <balance>5800000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="MYR" exchangeRt="4.25650000"/>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Magyarorszag</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>HUNGARY GOVERNMENT BOND 3.250000% 10/22/2031</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HU0000403001"/>
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        <balance>389450000.00000000</balance>
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        <currencyConditional curCd="HUF" exchangeRt="355.86880000"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Republica Bolivariana de Venezuela</name>
        <lei>529900XM8PJTJK5OJI77</lei>
        <title>REPUBLIC OF VENEZUELA VARIABLE RATE 10/13/2019</title>
        <cusip>P97475AN0</cusip>
        <identifiers>
          <isin value="USP97475AN08"/>
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        <balance>4235400.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>592532.46000000</valUSD>
        <pctVal>0.035416706608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>VE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>THAILAND BAHT</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: THB/USD SETTLE 2025-06-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTTHB__00013496"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="THB" exchangeRt="32.82750000"/>
        <valUSD>22309.19000000</valUSD>
        <pctVal>0.001333459498</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>THAILAND BAHT</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>1446593.04000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>48139000.00000000</amtCurPur>
            <curPur>THB</curPur>
            <settlementDt>2025-06-18</settlementDt>
            <unrealizedAppr>22309.19000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Transnet SOC Ltd</name>
        <lei>378900B07CD6F01EA796</lei>
        <title>TRANSNET SOC LTD 8.250000% 02/06/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2582981952"/>
        </identifiers>
        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1224000.00000000</valUSD>
        <pctVal>0.073160631383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Magyarorszag</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>HUNGARY GOVERNMENT BOND 3.000000% 10/27/2038</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HU0000403555"/>
        </identifiers>
        <balance>705290000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="HUF" exchangeRt="355.86880000"/>
        <valUSD>1291965.39000000</valUSD>
        <pctVal>0.077223042203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES, INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>FX Forward Contract: USD/BRL SETTLE 2025-06-03</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00015074"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>47312.10000000</valUSD>
        <pctVal>0.002827927375</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>DEUTSCHE BANK SECURITIES, INC.</counterpartyName>
              <counterpartyLei>9J6MBOOO7BECTDTUZW19</counterpartyLei>
            </counterparties>
            <amtCurSold>22963000.00000000</amtCurSold>
            <curSold>BRL</curSold>
            <amtCurPur>4049768.97000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-06-03</settlementDt>
            <unrealizedAppr>47312.10000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRAZILIAN REAL</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: BRL/USD SETTLE 2025-06-09</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTBRL__00025898"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="BRL" exchangeRt="5.73205000"/>
        <valUSD>4285.22000000</valUSD>
        <pctVal>0.000256135131</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BRAZILIAN REAL</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>136660.02000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>809000.00000000</amtCurPur>
            <curPur>BRL</curPur>
            <settlementDt>2025-06-09</settlementDt>
            <unrealizedAppr>4285.22000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pemerintah Republik Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>INDONESIA GOVERNMENT 6.375000% 08/15/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IDG000020702"/>
        </identifiers>
        <balance>52000000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="IDR" exchangeRt="16290.00000000"/>
        <valUSD>3197252.08000000</valUSD>
        <pctVal>0.191105376522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>US TREASURY FRN VARIABLE RATE 01/31/2027</title>
        <cusip>91282CMJ7</cusip>
        <identifiers>
          <isin value="US91282CMJ70"/>
        </identifiers>
        <balance>5700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5701898.27000000</valUSD>
        <pctVal>0.340812481630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.39926480</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pemerintah Republik Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>INDONESIA GOVERNMENT 7.000000% 02/15/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IDG000020801"/>
        </identifiers>
        <balance>62234000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="IDR" exchangeRt="16290.00000000"/>
        <valUSD>3873865.93000000</valUSD>
        <pctVal>0.231547775598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Republica Argentina</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>REPUBLIC OF ARGENTINA 0.750000% 07/09/2030</title>
        <cusip>040114HS2</cusip>
        <identifiers>
          <isin value="US040114HS26"/>
        </identifiers>
        <balance>5903920.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4622769.36000000</valUSD>
        <pctVal>0.276311049931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pemerintah Republik Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>INDONESIA GOVERNMENT 6.500000% 07/15/2030</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IDG000024605"/>
        </identifiers>
        <balance>91000000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="IDR" exchangeRt="16290.00000000"/>
        <valUSD>5592095.24000000</valUSD>
        <pctVal>0.334249361530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-05-31</ncom:dateSigned>
      <ncom:nameOfApplicant>SEI INSTITUTIONAL INVESTMENTS TRUST</ncom:nameOfApplicant>
      <ncom:signature>Glenn Kurdziel</ncom:signature>
      <ncom:signerName>Glenn Kurdziel</ncom:signerName>
      <ncom:title>Controller and Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
