Nonconvertible Bonds - 34.7%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
Argentina - 0.7%
|
|||
YPF SA:
|
|||
8.5% 3/23/25 (b)
|
3,103,625
|
2,844,705
|
|
8.75% 4/4/24 (b)
|
8,268,000
|
7,399,860
|
|
TOTAL ARGENTINA
|
10,244,565
|
||
Azerbaijan - 1.0%
|
|||
Southern Gas Corridor CJSC 6.875% 3/24/26 (b)
|
8,201,000
|
9,645,196
|
|
State Oil Co. of Azerbaijan Republic:
|
|||
4.75% 3/13/23 (Reg. S)
|
1,655,000
|
1,723,749
|
|
6.95% 3/18/30 (Reg. S)
|
3,015,000
|
3,703,928
|
|
TOTAL AZERBAIJAN
|
15,072,873
|
||
Bahrain - 0.9%
|
|||
The Oil and Gas Holding Co.:
|
|||
7.5% 10/25/27 (b)
|
5,624,000
|
6,142,055
|
|
7.625% 11/7/24 (b)
|
5,235,000
|
5,724,211
|
|
8.375% 11/7/28 (b)
|
1,065,000
|
1,228,611
|
|
TOTAL BAHRAIN
|
13,094,877
|
||
Bailiwick of Jersey - 0.2%
|
|||
Galaxy Pipeline Assets BidCo Ltd. 2.625% 3/31/36 (b)
|
3,445,000
|
3,384,713
|
|
Bermuda - 0.9%
|
|||
GeoPark Ltd.:
|
|||
5.5% 1/17/27 (b)
|
1,975,000
|
1,951,917
|
|
6.5% 9/21/24 (b)
|
2,205,000
|
2,257,782
|
|
Investment Energy Resources Ltd. 6.25% 4/26/29 (b)
|
2,970,000
|
3,218,738
|
|
Qtel International Finance Ltd. 2.625% 4/8/31 (b)
|
2,755,000
|
2,810,100
|
|
Tengizchevroil Finance Co. International Ltd. 3.25% 8/15/30 (b)
|
3,800,000
|
3,843,700
|
|
TOTAL BERMUDA
|
14,082,237
|
||
Brazil - 0.6%
|
|||
MC Brazil Downstream Trading SARL 7.25% 6/30/31 (b)
|
4,705,000
|
4,730,878
|
|
Natura Cosmeticos SA 4.125% 5/3/28 (b)
|
4,090,000
|
4,132,434
|
|
TOTAL BRAZIL
|
8,863,312
|
||
British Virgin Islands - 1.9%
|
|||
1MDB Global Investments Ltd. 4.4% 3/9/23
|
24,100,000
|
24,225,019
|
|
ENN Clean Energy International Investment Ltd. 3.375% 5/12/26 (b)
|
3,775,000
|
3,792,931
|
|
TOTAL BRITISH VIRGIN ISLANDS
|
28,017,950
|
||
Canada - 0.9%
|
|||
First Quantum Minerals Ltd. 7.25% 4/1/23 (b)
|
9,082,000
|
9,240,935
|
|
Gran Colombia Gold Corp. 6.875% 8/9/26 (b)
|
3,895,000
|
3,904,738
|
|
TOTAL CANADA
|
13,145,673
|
||
Cayman Islands - 2.2%
|
|||
Baidu, Inc.:
|
|||
1.72% 4/9/26
|
2,540,000
|
2,538,400
|
|
2.375% 10/9/30
|
1,395,000
|
1,367,016
|
|
DP World Crescent Ltd.:
|
|||
3.7495% 1/30/30 (b)
|
1,075,000
|
1,147,563
|
|
3.875% 7/18/29 (Reg. S)
|
3,090,000
|
3,327,158
|
|
GEMS MENASA Cayman Ltd. 7.125% 7/31/26 (b)
|
2,095,000
|
2,156,279
|
|
Lamar Funding Ltd. 3.958% 5/7/25 (b)
|
1,015,000
|
1,011,701
|
|
Meituan:
|
|||
2.125% 10/28/25 (b)
|
4,740,000
|
4,612,020
|
|
3.05% 10/28/30 (b)
|
1,995,000
|
1,848,243
|
|
NagaCorp Ltd. 7.95% 7/6/24 (Reg. S)
|
3,745,000
|
3,749,213
|
|
OEC Finance Ltd. 7.125% 12/26/46 pay-in-kind (b)
|
6,741,610
|
583,149
|
|
QNB Finance Ltd. 2.625% 5/12/25 (Reg. S)
|
3,305,000
|
3,433,069
|
|
Sable International Finance Ltd. 5.75% 9/7/27 (b)
|
2,505,000
|
2,630,250
|
|
Sparc Em Spc 0% 12/5/22 (b)
|
156,270
|
153,857
|
|
Termocandelaria Power Ltd. 7.875% 1/30/29 (b)
|
2,622,375
|
2,740,382
|
|
Wynn Macau Ltd. 5.5% 1/15/26 (b)
|
2,115,000
|
2,043,619
|
|
TOTAL CAYMAN ISLANDS
|
33,341,919
|
||
Chile - 0.7%
|
|||
Corporacion Nacional del Cobre de Chile (Codelco):
|
|||
3.15% 1/14/30 (b)
|
1,645,000
|
1,695,687
|
|
3.15% 1/15/51 (b)
|
1,140,000
|
1,043,100
|
|
3.7% 1/30/50 (b)
|
2,130,000
|
2,162,349
|
|
VTR Comunicaciones SpA:
|
|||
4.375% 4/15/29 (b)
|
1,510,000
|
1,547,750
|
|
5.125% 1/15/28 (b)
|
3,134,000
|
3,309,896
|
|
TOTAL CHILE
|
9,758,782
|
||
Colombia - 0.2%
|
|||
Oleoducto Central SA 4% 7/14/27 (b)
|
3,565,000
|
3,649,223
|
|
Georgia - 0.3%
|
|||
Georgia Bank Joint Stock Co. 6% 7/26/23 (b)
|
4,515,000
|
4,763,325
|
|
Silknet JSC 11% 4/2/24 (Reg. S)
|
250,000
|
270,938
|
|
TOTAL GEORGIA
|
5,034,263
|
||
Hong Kong - 0.3%
|
|||
Lenovo Group Ltd. 3.421% 11/2/30 (b)
|
3,615,000
|
3,753,093
|
|
India - 0.2%
|
|||
JSW Steel Ltd. 3.95% 4/5/27 (b)
|
2,710,000
|
2,691,409
|
|
Indonesia - 0.4%
|
|||
Delta Merlin Dunia Tekstil PT:
|
|||
0% 6/26/32
|
460,000
|
26,235
|
|
2.5% 6/26/28
|
460,000
|
89,786
|
|
Indonesia Asahan Aluminium Tbk PT 5.45% 5/15/30 (b)
|
2,205,000
|
2,532,994
|
|
PT Adaro Indonesia 4.25% 10/31/24 (b)
|
3,515,000
|
3,588,156
|
|
TOTAL INDONESIA
|
6,237,171
|
||
Ireland - 0.7%
|
|||
C&W Senior Financing Designated Activity Co. 6.875% 9/15/27 (b)
|
2,060,000
|
2,165,575
|
|
LCPR Senior Secured Financing DAC 5.125% 7/15/29 (b)
|
3,810,000
|
3,924,110
|
|
SUEK Securities DAC 3.375% 9/15/26 (b)
|
4,360,000
|
4,346,310
|
|
TOTAL IRELAND
|
10,435,995
|
||
Israel - 0.6%
|
|||
Energean Israel Finance Ltd. 4.875% 3/30/26 (Reg. S) (b)
|
3,470,000
|
3,556,750
|
|
Leviathan Bond Ltd.:
|
|||
5.75% 6/30/23 (Reg. S) (b)
|
2,220,000
|
2,308,747
|
|
6.125% 6/30/25 (Reg. S) (b)
|
3,000,000
|
3,249,768
|
|
TOTAL ISRAEL
|
9,115,265
|
||
Kazakhstan - 0.2%
|
|||
KazMunaiGaz National Co.:
|
|||
3.5% 4/14/33 (b)
|
2,010,000
|
2,070,300
|
|
5.75% 4/19/47 (b)
|
1,010,000
|
1,209,475
|
|
TOTAL KAZAKHSTAN
|
3,279,775
|
||
Luxembourg - 1.1%
|
|||
Adecoagro SA 6% 9/21/27 (b)
|
3,730,000
|
3,896,218
|
|
B2W Digital Lux SARL 4.375% 12/20/30 (b)
|
4,480,000
|
4,351,200
|
|
Millicom International Cellular SA 4.5% 4/27/31 (b)
|
2,770,000
|
2,908,500
|
|
Petrorio Luxembourg SARL 6.125% 6/9/26 (b)
|
900,000
|
906,525
|
|
Usiminas International SARL 5.875% 7/18/26 (b)
|
3,475,000
|
3,652,225
|
|
TOTAL LUXEMBOURG
|
15,714,668
|
||
Malaysia - 0.4%
|
|||
GENM Capital Labuan Ltd. 3.882% 4/19/31 (b)
|
3,610,000
|
3,576,833
|
|
Petronas Capital Ltd. 3.5% 4/21/30 (b)
|
1,730,000
|
1,872,604
|
|
TOTAL MALAYSIA
|
5,449,437
|
||
Mauritius - 0.2%
|
|||
HTA Group Ltd. 7% 12/18/25 (b)
|
3,305,000
|
3,465,706
|
|
Mexico - 8.1%
|
|||
Axtel S.A.B. de CV 6.375% 11/14/24 (b)
|
130,000
|
133,924
|
|
CEMEX S.A.B. de CV 5.45% 11/19/29 (b)
|
1,420,000
|
1,533,600
|
|
Petroleos Mexicanos:
|
|||
3 month U.S. LIBOR + 3.650% 3.7641% 3/11/22 (c)(d)
|
2,958,000
|
2,966,046
|
|
3.5% 1/30/23
|
4,187,000
|
4,239,338
|
|
4.875% 1/24/22
|
4,315,000
|
4,351,678
|
|
4.875% 1/18/24
|
15,847,000
|
16,404,616
|
|
5.375% 3/13/22
|
1,590,000
|
1,613,154
|
|
6.5% 3/13/27
|
1,725,000
|
1,811,250
|
|
6.5% 6/2/41
|
2,587,000
|
2,284,838
|
|
6.625% 6/15/35
|
18,441,000
|
17,495,899
|
|
6.75% 9/21/47
|
10,407,000
|
9,016,104
|
|
6.875% 10/16/25 (b)
|
2,295,000
|
2,513,025
|
|
6.95% 1/28/60
|
9,575,000
|
8,295,780
|
|
7.69% 1/23/50
|
38,733,000
|
36,482,583
|
|
8.625% 2/1/22
|
3,212,000
|
3,278,248
|
|
8.625% 12/1/23 (c)
|
320,000
|
348,900
|
|
TV Azteca SA de CV 8.25% 8/9/24 (Reg. S) (e)
|
11,680,000
|
6,873,680
|
|
TOTAL MEXICO
|
119,642,663
|
||
Mongolia - 0.0%
|
|||
Development Bank of Mongolia 7.25% 10/23/23 (b)
|
720,000
|
769,635
|
|
Morocco - 0.2%
|
|||
OCP SA:
|
|||
3.75% 6/23/31 (b)
|
2,045,000
|
2,039,888
|
|
4.5% 10/22/25 (b)
|
1,360,000
|
1,456,305
|
|
TOTAL MOROCCO
|
3,496,193
|
||
Netherlands - 1.6%
|
|||
Embraer Netherlands Finance BV 5.05% 6/15/25
|
3,625,000
|
3,814,859
|
|
IHS Netherlands Holdco BV:
|
|||
7.125% 3/18/25 (b)
|
4,125,000
|
4,237,922
|
|
8% 9/18/27 (b)
|
2,975,000
|
3,179,531
|
|
Kazakhstan Temir Zholy Finance BV 6.95% 7/10/42 (b)
|
710,000
|
954,950
|
|
Metinvest BV 7.75% 4/23/23 (b)
|
1,369,000
|
1,442,413
|
|
Nostrum Oil & Gas Finance BV 8% 7/25/22 (b)(e)
|
15,783,000
|
4,340,325
|
|
Prosus NV:
|
|||
3.061% 7/13/31 (b)
|
760,000
|
741,000
|
|
3.832% 2/8/51 (b)
|
1,590,000
|
1,437,479
|
|
4.027% 8/3/50 (b)
|
650,000
|
606,125
|
|
VimpelCom Holdings BV:
|
|||
3.375% 11/25/27 (b)
|
1,440,000
|
1,459,037
|
|
7.25% 4/26/23 (b)
|
1,375,000
|
1,472,034
|
|
TOTAL NETHERLANDS
|
23,685,675
|
||
Nigeria - 0.1%
|
|||
Access Bank PLC 6.125% 9/21/26 (b)
|
1,140,000
|
1,146,498
|
|
Oman - 0.1%
|
|||
Oman Oil Co. 5.125% 5/6/28 (b)
|
870,000
|
877,613
|
|
Panama - 0.4%
|
|||
Aeropuerto Internacional de Tocumen SA:
|
|||
4% 8/11/41 (b)
|
1,670,000
|
1,698,494
|
|
5.125% 8/11/61 (b)
|
1,230,000
|
1,290,193
|
|
Cable Onda SA 4.5% 1/30/30 (b)
|
3,385,000
|
3,542,191
|
|
TOTAL PANAMA
|
6,530,878
|
||
Paraguay - 0.3%
|
|||
Telefonica Celular del Paraguay SA 5.875% 4/15/27 (b)
|
3,800,000
|
3,965,775
|
|
Peru - 0.1%
|
|||
Camposol SA 6% 2/3/27 (b)
|
855,000
|
882,413
|
|
Qatar - 1.3%
|
|||
Qatar Petroleum:
|
|||
1.375% 9/12/26 (b)
|
3,255,000
|
3,233,517
|
|
2.25% 7/12/31 (b)
|
5,645,000
|
5,584,373
|
|
3.3% 7/12/51 (b)
|
9,800,000
|
9,865,415
|
|
TOTAL QATAR
|
18,683,305
|
||
Saudi Arabia - 1.7%
|
|||
Saudi Arabian Oil Co.:
|
|||
1.625% 11/24/25 (b)
|
3,815,000
|
3,810,231
|
|
3.5% 4/16/29 (b)
|
14,389,000
|
15,443,894
|
|
4.25% 4/16/39 (b)
|
2,385,000
|
2,664,284
|
|
4.375% 4/16/49 (b)
|
2,321,000
|
2,634,335
|
|
TOTAL SAUDI ARABIA
|
24,552,744
|
||
Singapore - 0.2%
|
|||
Indika Energy Capital III Pte. Ltd. 5.875% 11/9/24 (b)
|
1,545,000
|
1,550,794
|
|
Indika Energy Capital IV Pte Ltd. 8.25% 10/22/25 (b)
|
2,060,000
|
2,142,400
|
|
TOTAL SINGAPORE
|
3,693,194
|
||
South Africa - 1.1%
|
|||
Eskom Holdings SOC Ltd. 6.75% 8/6/23 (b)
|
15,417,000
|
15,839,040
|
|
Spain - 0.2%
|
|||
EnfraGen Energia Sur SA 5.375% 12/30/30 (b)
|
3,585,000
|
3,517,781
|
|
Tunisia - 0.0%
|
|||
Banque Centrale de Tunisie 5.75% 1/30/25 (b)
|
260,000
|
219,700
|
|
Turkey - 0.4%
|
|||
Petkim Petrokimya Holding A/S 5.875% 1/26/23 (b)
|
1,928,000
|
1,961,138
|
|
T.C. Ziraat Bankasi A/S 5.125% 5/3/22 (b)
|
3,837,000
|
3,888,080
|
|
TOTAL TURKEY
|
5,849,218
|
||
United Arab Emirates - 0.0%
|
|||
Abu Dhabi National Energy Co. PJSC 4% 10/3/49 (b)
|
670,000
|
766,648
|
|
United Kingdom - 1.8%
|
|||
Antofagasta PLC 2.375% 10/14/30 (b)
|
3,865,000
|
3,729,725
|
|
Biz Finance PLC:
|
|||
9.625% 4/27/22 (b)
|
1,562,833
|
1,589,011
|
|
9.75% 1/22/25 (b)
|
2,054,500
|
2,218,860
|
|
Liquid Telecommunications Financing PLC 5.5% 9/4/26 (b)
|
3,665,000
|
3,774,950
|
|
NAK Naftogaz Ukraine:
|
|||
7.375% 7/19/22 (Reg. S)
|
3,687,000
|
3,740,001
|
|
7.625% 11/8/26 (b)
|
1,235,000
|
1,225,583
|
|
Oschadbank Via SSB #1 PLC 9.375% 3/10/23 (b)
|
605,400
|
630,297
|
|
The Bidvest Group UK PLC 3.625% 9/23/26 (b)
|
1,985,000
|
1,985,000
|
|
Tullow Oil PLC:
|
|||
7% 3/1/25 (b)
|
1,060,000
|
916,900
|
|
10.25% 5/15/26 (b)
|
6,370,000
|
6,624,800
|
|
TOTAL UNITED KINGDOM
|
26,435,127
|
||
United States of America - 2.2%
|
|||
Azul Investments LLP:
|
|||
5.875% 10/26/24 (b)
|
4,565,000
|
4,303,368
|
|
7.25% 6/15/26 (b)
|
1,600,000
|
1,528,000
|
|
Citgo Holding, Inc. 9.25% 8/1/24 (b)
|
2,682,000
|
2,702,115
|
|
DAE Funding LLC 1.55% 8/1/24 (b)
|
1,590,000
|
1,575,467
|
|
JBS U.S.A. Food Co.:
|
|||
5.75% 1/15/28 (b)
|
3,420,000
|
3,591,034
|
|
7% 1/15/26 (b)
|
1,450,000
|
1,515,903
|
|
Kosmos Energy Ltd. 7.125% 4/4/26 (b)
|
9,060,000
|
8,833,500
|
|
MercadoLibre, Inc. 2.375% 1/14/26
|
1,035,000
|
1,018,181
|
|
NBM U.S. Holdings, Inc. 6.625% 8/6/29 (b)
|
1,720,000
|
1,891,248
|
|
Sasol Financing U.S.A. LLC:
|
|||
4.375% 9/18/26
|
3,760,000
|
3,805,308
|
|
5.875% 3/27/24
|
1,705,000
|
1,789,504
|
|
TOTAL UNITED STATES OF AMERICA
|
32,553,628
|
||
Uzbekistan - 0.1%
|
|||
National Bank of Uzbekistan 4.85% 10/21/25 (Reg. S)
|
1,725,000
|
1,775,995
|
|
Venezuela - 0.2%
|
|||
Petroleos de Venezuela SA:
|
|||
5.375% 4/12/27 (e)
|
6,115,000
|
336,325
|
|
5.5% 4/12/37 (e)
|
3,475,000
|
191,125
|
|
6% 5/16/24 (b)(e)
|
8,980,000
|
493,900
|
|
6% 11/15/26 (b)(e)
|
15,840,000
|
871,200
|
|
9.75% 5/17/35 (b)(e)
|
12,585,000
|
692,175
|
|
12.75% 2/17/22 (b)(e)
|
3,065,000
|
168,575
|
|
TOTAL VENEZUELA
|
2,753,300
|
||
|
TOTAL NONCONVERTIBLE BONDS
(Cost $545,217,119)
|
515,469,929
|
||
Government Obligations - 55.2%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
Angola - 0.9%
|
|||
Angola Republic:
|
|||
8.25% 5/9/28 (b)
|
4,415,000
|
4,568,973
|
|
9.375% 5/8/48 (b)
|
2,020,000
|
2,077,823
|
|
9.5% 11/12/25 (b)
|
6,600,000
|
7,248,863
|
|
TOTAL ANGOLA
|
13,895,659
|
||
Argentina - 2.9%
|
|||
Argentine Republic:
|
|||
0.5% 7/9/30 (f)
|
52,879,632
|
19,301,066
|
|
1% 7/9/29
|
5,953,783
|
2,280,299
|
|
1.125% 7/9/35 (f)
|
17,033,027
|
5,552,767
|
|
2% 1/9/38 (f)
|
10,211,997
|
3,936,725
|
|
Buenos Aires Province 3.9% 9/1/37 (b)(f)
|
3,235,000
|
1,467,477
|
|
Province of Santa Fe 7% 3/23/23 (b)
|
4,225,000
|
3,923,969
|
|
Provincia de Cordoba:
|
|||
5% 12/10/25 (b)(f)
|
6,475,408
|
4,904,312
|
|
5% 6/1/27 (b)(f)
|
3,097,152
|
2,078,576
|
|
TOTAL ARGENTINA
|
43,445,191
|
||
Armenia - 0.1%
|
|||
Republic of Armenia 7.15% 3/26/25 (b)
|
1,215,000
|
1,382,670
|
|
Barbados - 0.4%
|
|||
Barbados Government 6.5% 10/1/29 (b)
|
5,915,000
|
5,949,381
|
|
Belarus - 0.2%
|
|||
Belarus Republic 6.875% 2/28/23 (b)
|
3,045,000
|
3,086,108
|
|
Benin - 0.4%
|
|||
Republic of Benin:
|
|||
4.875% 1/19/32 (b)
|
EUR
|
3,090,000
|
3,561,405
|
5.75% 3/26/26 (b)
|
EUR
|
1,530,000
|
1,914,390
|
TOTAL BENIN
|
5,475,795
|
||
Bermuda - 0.3%
|
|||
Bermuda Government:
|
|||
2.375% 8/20/30 (b)
|
525,000
|
520,669
|
|
3.375% 8/20/50 (b)
|
965,000
|
966,990
|
|
3.717% 1/25/27 (b)
|
620,000
|
671,654
|
|
4.75% 2/15/29 (b)
|
2,270,000
|
2,635,044
|
|
TOTAL BERMUDA
|
4,794,357
|
||
Brazil - 1.9%
|
|||
Brazilian Federative Republic:
|
|||
2.875% 6/6/25
|
1,525,000
|
1,558,550
|
|
3.75% 9/12/31
|
2,230,000
|
2,117,385
|
|
3.875% 6/12/30
|
7,250,000
|
7,020,266
|
|
5.625% 1/7/41
|
4,146,000
|
4,186,942
|
|
5.625% 2/21/47
|
2,183,000
|
2,175,905
|
|
7.125% 1/20/37
|
2,080,000
|
2,498,340
|
|
8.25% 1/20/34
|
6,754,000
|
8,981,976
|
|
TOTAL BRAZIL
|
28,539,364
|
||
Cameroon - 0.3%
|
|||
Cameroon Republic 5.95% 7/7/32 (b)
|
EUR
|
3,570,000
|
4,046,142
|
China - 0.2%
|
|||
Peoples Republic of China 1.2% 10/21/30 (b)
|
2,535,000
|
2,447,112
|
|
Colombia - 1.4%
|
|||
Colombian Republic:
|
|||
3% 1/30/30
|
3,385,000
|
3,188,882
|
|
3.125% 4/15/31
|
4,300,000
|
4,019,963
|
|
3.25% 4/22/32
|
3,665,000
|
3,413,948
|
|
3.875% 4/25/27
|
1,025,000
|
1,062,669
|
|
3.875% 2/15/61
|
1,490,000
|
1,204,851
|
|
4.125% 5/15/51
|
1,315,000
|
1,133,201
|
|
5% 6/15/45
|
3,540,000
|
3,446,633
|
|
6.125% 1/18/41
|
1,475,000
|
1,622,316
|
|
7.375% 9/18/37
|
845,000
|
1,037,132
|
|
TOTAL COLOMBIA
|
20,129,595
|
||
Costa Rica - 0.3%
|
|||
Costa Rican Republic:
|
|||
5.625% 4/30/43 (b)
|
1,995,000
|
1,764,079
|
|
6.125% 2/19/31 (b)
|
2,535,000
|
2,600,435
|
|
7% 4/4/44 (b)
|
305,000
|
300,768
|
|
TOTAL COSTA RICA
|
4,665,282
|
||
Dominican Republic - 2.6%
|
|||
Dominican Republic:
|
|||
4.875% 9/23/32 (b)
|
6,360,000
|
6,488,393
|
|
5.875% 1/30/60 (b)
|
3,525,000
|
3,441,942
|
|
5.95% 1/25/27 (b)
|
4,186,000
|
4,698,785
|
|
6% 7/19/28 (b)
|
2,999,000
|
3,373,875
|
|
6.4% 6/5/49 (b)
|
1,662,000
|
1,759,954
|
|
6.5% 2/15/48 (b)
|
395,000
|
421,983
|
|
6.5% 2/15/48 (Reg. S)
|
1,450,000
|
1,549,053
|
|
6.85% 1/27/45 (b)
|
4,046,000
|
4,514,577
|
|
6.875% 1/29/26 (b)
|
4,946,000
|
5,707,375
|
|
7.45% 4/30/44 (b)
|
6,031,000
|
7,204,406
|
|
TOTAL DOMINICAN REPUBLIC
|
39,160,343
|
||
Ecuador - 0.9%
|
|||
Ecuador Republic:
|
|||
1% 7/31/35 (b)(f)
|
8,980,000
|
5,837,000
|
|
5% 7/31/30 (b)(f)
|
8,430,000
|
7,060,125
|
|
TOTAL ECUADOR
|
12,897,125
|
||
Egypt - 3.8%
|
|||
Arab Republic of Egypt:
|
|||
, yield at date of purchase 12.2504% to 13.1905% 11/23/21 to 3/8/22
|
EGP
|
114,175,000
|
7,013,035
|
5.8% 9/30/27 (b)
|
3,530,000
|
3,446,163
|
|
5.875% 2/16/31 (b)
|
2,625,000
|
2,395,313
|
|
7.0529% 1/15/32 (b)
|
830,000
|
799,913
|
|
7.5% 1/31/27 (b)
|
20,406,000
|
21,451,808
|
|
7.6003% 3/1/29 (b)
|
9,841,000
|
10,136,230
|
|
7.903% 2/21/48 (b)
|
2,940,000
|
2,660,700
|
|
8.5% 1/31/47 (b)
|
7,939,000
|
7,601,593
|
|
8.7002% 3/1/49 (b)
|
820,000
|
791,300
|
|
TOTAL EGYPT
|
56,296,055
|
||
El Salvador - 0.5%
|
|||
El Salvador Republic:
|
|||
6.375% 1/18/27 (b)
|
435,000
|
325,163
|
|
7.1246% 1/20/50 (b)
|
3,292,000
|
2,271,480
|
|
7.625% 2/1/41 (b)
|
1,035,000
|
734,850
|
|
7.65% 6/15/35 (b)
|
1,185,000
|
865,050
|
|
7.75% 1/24/23 (b)
|
3,280,000
|
2,771,600
|
|
TOTAL EL SALVADOR
|
6,968,143
|
||
Gabon - 0.4%
|
|||
Gabonese Republic:
|
|||
6.375% 12/12/24 (b)
|
5,290,000
|
5,623,270
|
|
6.625% 2/6/31 (b)
|
720,000
|
707,310
|
|
TOTAL GABON
|
6,330,580
|
||
Georgia - 0.2%
|
|||
Georgia Republic 2.75% 4/22/26 (b)
|
2,915,000
|
2,944,150
|
|
Ghana - 0.7%
|
|||
Ghana Republic:
|
|||
7.75% 4/7/29 (b)
|
3,335,000
|
3,168,250
|
|
8.125% 1/18/26 (b)
|
5,098,076
|
5,151,606
|
|
10.75% 10/14/30 (b)
|
2,125,000
|
2,561,023
|
|
TOTAL GHANA
|
10,880,879
|
||
Guatemala - 0.3%
|
|||
Guatemalan Republic:
|
|||
4.9% 6/1/30 (b)
|
485,000
|
524,649
|
|
5.375% 4/24/32 (b)
|
2,015,000
|
2,252,770
|
|
6.125% 6/1/50 (b)
|
1,355,000
|
1,558,081
|
|
TOTAL GUATEMALA
|
4,335,500
|
||
Honduras - 0.1%
|
|||
Republic of Honduras 5.625% 6/24/30 (b)
|
1,205,000
|
1,251,543
|
|
Hungary - 0.1%
|
|||
Hungarian Republic 2.125% 9/22/31 (b)
|
1,515,000
|
1,491,612
|
|
Indonesia - 3.9%
|
|||
Indonesian Republic:
|
|||
3.85% 10/15/30
|
2,650,000
|
2,951,106
|
|
4.1% 4/24/28
|
5,340,000
|
5,991,814
|
|
5.125% 1/15/45 (b)
|
3,353,000
|
4,051,472
|
|
5.25% 1/17/42 (b)
|
3,000,000
|
3,639,938
|
|
5.95% 1/8/46 (b)
|
2,100,000
|
2,838,675
|
|
6.625% 2/17/37 (b)
|
3,549,000
|
4,837,287
|
|
6.75% 1/15/44 (b)
|
5,105,000
|
7,388,849
|
|
7.75% 1/17/38 (b)
|
8,743,000
|
12,998,655
|
|
8.5% 10/12/35 (b)
|
8,199,000
|
12,799,664
|
|
TOTAL INDONESIA
|
57,497,460
|
||
Iraq - 0.2%
|
|||
Republic of Iraq 5.8% 1/15/28 (Reg. S)
|
2,870,563
|
2,764,352
|
|
Ivory Coast - 0.6%
|
|||
Ivory Coast:
|
|||
5.875% 10/17/31 (b)
|
EUR
|
3,125,000
|
3,770,972
|
6.125% 6/15/33 (b)
|
2,050,000
|
2,159,291
|
|
6.375% 3/3/28 (b)
|
3,135,000
|
3,443,210
|
|
TOTAL IVORY COAST
|
9,373,473
|
||
Jamaica - 0.3%
|
|||
Jamaican Government:
|
|||
6.75% 4/28/28
|
1,725,000
|
2,007,792
|
|
7.875% 7/28/45
|
1,685,000
|
2,337,727
|
|
TOTAL JAMAICA
|
4,345,519
|
||
Jordan - 0.4%
|
|||
Jordanian Kingdom:
|
|||
4.95% 7/7/25 (b)
|
4,170,000
|
4,336,800
|
|
6.125% 1/29/26 (b)
|
1,900,000
|
2,044,638
|
|
TOTAL JORDAN
|
6,381,438
|
||
Kenya - 0.7%
|
|||
Republic of Kenya:
|
|||
6.875% 6/24/24 (b)
|
3,015,000
|
3,303,875
|
|
7% 5/22/27 (b)
|
4,690,000
|
5,067,545
|
|
7.25% 2/28/28 (b)
|
1,955,000
|
2,148,423
|
|
TOTAL KENYA
|
10,519,843
|
||
Lebanon - 0.2%
|
|||
Lebanese Republic:
|
|||
5.8% 12/31/49 (e)
|
5,875,000
|
968,641
|
|
6% 1/27/23 (e)
|
1,587,000
|
261,855
|
|
6.1% 10/4/22 (e)
|
685,000
|
113,025
|
|
6.375% 12/31/49 (e)
|
7,072,000
|
1,163,786
|
|
TOTAL LEBANON
|
2,507,307
|
||
Mexico - 2.2%
|
|||
United Mexican States:
|
|||
3.25% 4/16/30
|
4,960,000
|
5,077,180
|
|
3.75% 1/11/28
|
3,415,000
|
3,718,722
|
|
4.5% 4/22/29
|
2,040,000
|
2,290,920
|
|
4.75% 4/27/32
|
970,000
|
1,091,129
|
|
5.75% 10/12/2110
|
3,295,000
|
3,743,532
|
|
6.05% 1/11/40
|
10,222,000
|
12,520,672
|
|
8% 12/7/23
|
MXN
|
73,200,000
|
3,671,437
|
TOTAL MEXICO
|
32,113,592
|
||
Mongolia - 0.2%
|
|||
Mongolia Government:
|
|||
3.5% 7/7/27 (b)
|
1,055,000
|
1,019,394
|
|
5.125% 4/7/26 (b)
|
2,480,000
|
2,598,073
|
|
TOTAL MONGOLIA
|
3,617,467
|
||
Morocco - 0.4%
|
|||
Moroccan Kingdom:
|
|||
2.375% 12/15/27 (b)
|
3,675,000
|
3,596,906
|
|
3% 12/15/32 (b)
|
690,000
|
654,638
|
|
4% 12/15/50 (b)
|
735,000
|
669,769
|
|
5.5% 12/11/42 (b)
|
920,000
|
1,034,023
|
|
TOTAL MOROCCO
|
5,955,336
|
||
Nigeria - 1.6%
|
|||
Republic of Nigeria:
|
|||
6.125% 9/28/28 (b)
|
3,195,000
|
3,198,994
|
|
6.5% 11/28/27 (b)
|
3,892,000
|
4,019,220
|
|
7.143% 2/23/30 (b)
|
1,955,000
|
1,991,412
|
|
7.625% 11/21/25 (b)
|
12,623,000
|
13,931,058
|
|
TOTAL NIGERIA
|
23,140,684
|
||
Oman - 1.9%
|
|||
Sultanate of Oman:
|
|||
3.875% 3/8/22 (b)
|
670,000
|
672,848
|
|
4.125% 1/17/23 (b)
|
1,800,000
|
1,831,275
|
|
4.75% 6/15/26 (b)
|
3,347,000
|
3,416,659
|
|
4.875% 2/1/25 (b)
|
1,460,000
|
1,514,111
|
|
5.375% 3/8/27 (b)
|
3,921,000
|
4,072,449
|
|
5.625% 1/17/28 (b)
|
4,385,000
|
4,554,919
|
|
6% 8/1/29 (b)
|
2,650,000
|
2,774,716
|
|
6.25% 1/25/31 (b)
|
670,000
|
715,225
|
|
6.5% 3/8/47 (b)
|
2,280,000
|
2,192,790
|
|
6.75% 1/17/48 (b)
|
5,980,000
|
5,895,159
|
|
TOTAL OMAN
|
27,640,151
|
||
Pakistan - 1.0%
|
|||
Islamic Republic of Pakistan:
|
|||
6% 4/8/26 (b)
|
9,295,000
|
9,203,072
|
|
6.875% 12/5/27 (b)
|
1,500,000
|
1,503,094
|
|
8.25% 4/15/24 (b)
|
1,180,000
|
1,259,871
|
|
The Third Pakistan International Sukuk Co. Ltd.:
|
|||
5.5% 10/13/21 (b)
|
2,125,000
|
2,124,150
|
|
5.625% 12/5/22 (b)
|
1,005,000
|
1,028,429
|
|
TOTAL PAKISTAN
|
15,118,616
|
||
Panama - 0.3%
|
|||
Panamanian Republic:
|
|||
2.252% 9/29/32
|
3,540,000
|
3,321,626
|
|
3.87% 7/23/60
|
1,390,000
|
1,356,814
|
|
TOTAL PANAMA
|
4,678,440
|
||
Paraguay - 0.6%
|
|||
Republic of Paraguay:
|
|||
2.739% 1/29/33 (b)
|
1,305,000
|
1,248,559
|
|
4.95% 4/28/31 (b)
|
3,865,000
|
4,348,850
|
|
5.4% 3/30/50 (b)
|
1,950,000
|
2,234,944
|
|
5.6% 3/13/48 (b)
|
445,000
|
513,919
|
|
TOTAL PARAGUAY
|
8,346,272
|
||
Peru - 1.3%
|
|||
Peruvian Republic:
|
|||
2.783% 1/23/31
|
11,820,000
|
11,715,098
|
|
3.3% 3/11/41
|
7,295,000
|
7,072,503
|
|
7.35% 7/21/25
|
1,080,000
|
1,305,315
|
|
TOTAL PERU
|
20,092,916
|
||
Qatar - 3.0%
|
|||
State of Qatar:
|
|||
3.75% 4/16/30 (b)
|
12,765,000
|
14,410,887
|
|
4% 3/14/29 (b)
|
5,455,000
|
6,196,880
|
|
4.4% 4/16/50 (b)
|
5,585,000
|
6,792,756
|
|
4.5% 4/23/28 (b)
|
2,565,000
|
2,991,111
|
|
4.817% 3/14/49 (b)
|
8,149,000
|
10,462,807
|
|
5.103% 4/23/48 (b)
|
2,960,000
|
3,922,555
|
|
TOTAL QATAR
|
44,776,996
|
||
Romania - 0.7%
|
|||
Romanian Republic:
|
|||
3% 2/14/31 (b)
|
8,211,000
|
8,369,062
|
|
3.375% 1/28/50 (Reg. S)
|
EUR
|
1,255,000
|
1,430,106
|
TOTAL ROMANIA
|
9,799,168
|
||
Russia - 2.9%
|
|||
Ministry of Finance of the Russian Federation:
|
|||
4.25% 6/23/27(Reg. S)
|
3,800,000
|
4,235,100
|
|
4.375% 3/21/29(Reg. S)
|
4,600,000
|
5,214,100
|
|
5.1% 3/28/35 (b)
|
8,600,000
|
10,294,738
|
|
5.1% 3/28/35(Reg. S)
|
4,600,000
|
5,506,488
|
|
5.25% 6/23/47 (b)
|
3,600,000
|
4,563,675
|
|
5.25% 6/23/47(Reg. S)
|
6,200,000
|
7,859,663
|
|
5.625% 4/4/42 (b)
|
4,000,000
|
5,178,250
|
|
TOTAL RUSSIA
|
42,852,014
|
||
Rwanda - 0.2%
|
|||
Rwanda Republic 5.5% 8/9/31 (b)
|
2,650,000
|
2,761,466
|
|
Saudi Arabia - 1.7%
|
|||
Kingdom of Saudi Arabia:
|
|||
2.25% 2/2/33 (b)
|
4,030,000
|
3,919,175
|
|
3.25% 10/22/30 (b)
|
2,385,000
|
2,549,565
|
|
3.625% 3/4/28 (b)
|
1,770,000
|
1,942,575
|
|
3.75% 1/21/55 (b)
|
3,755,000
|
3,914,588
|
|
4% 4/17/25 (b)
|
2,095,000
|
2,292,978
|
|
4.5% 10/26/46 (b)
|
3,471,000
|
3,995,989
|
|
4.5% 4/22/60 (b)
|
2,055,000
|
2,450,588
|
|
4.625% 10/4/47 (b)
|
3,040,000
|
3,568,200
|
|
TOTAL SAUDI ARABIA
|
24,633,658
|
||
Serbia - 0.2%
|
|||
Republic of Serbia 2.125% 12/1/30 (b)
|
3,235,000
|
3,019,266
|
|
South Africa - 0.1%
|
|||
South African Republic 4.85% 9/30/29
|
2,130,000
|
2,186,312
|
|
Sri Lanka - 0.2%
|
|||
Democratic Socialist Republic of Sri Lanka:
|
|||
7.55% 3/28/30 (b)
|
1,385,000
|
844,677
|
|
7.85% 3/14/29 (b)
|
2,568,000
|
1,562,949
|
|
TOTAL SRI LANKA
|
2,407,626
|
||
Turkey - 5.5%
|
|||
Turkish Republic:
|
|||
3.25% 3/23/23
|
15,450,000
|
15,351,506
|
|
4.25% 3/13/25
|
7,075,000
|
6,841,967
|
|
4.75% 1/26/26
|
3,015,000
|
2,901,938
|
|
4.875% 10/9/26
|
5,970,000
|
5,706,201
|
|
4.875% 4/16/43
|
4,735,000
|
3,677,911
|
|
5.125% 3/25/22
|
3,839,000
|
3,891,306
|
|
5.125% 6/22/26 (b)
|
1,715,000
|
1,715,000
|
|
5.125% 2/17/28
|
3,070,000
|
2,906,523
|
|
5.6% 11/14/24
|
3,295,000
|
3,331,657
|
|
5.75% 3/22/24
|
1,020,000
|
1,041,866
|
|
5.75% 5/11/47
|
6,710,000
|
5,543,299
|
|
5.95% 1/15/31
|
2,685,000
|
2,523,900
|
|
6% 1/14/41
|
4,622,000
|
3,991,675
|
|
6.125% 10/24/28
|
2,140,000
|
2,113,651
|
|
6.25% 9/26/22
|
2,944,000
|
3,032,320
|
|
6.35% 8/10/24
|
5,170,000
|
5,350,304
|
|
6.375% 10/14/25
|
3,475,000
|
3,561,441
|
|
6.75% 5/30/40
|
3,112,000
|
2,929,754
|
|
7.25% 12/23/23
|
4,138,000
|
4,399,987
|
|
7.375% 2/5/25
|
841,000
|
890,829
|
|
TOTAL TURKEY
|
81,703,035
|
||
Ukraine - 2.9%
|
|||
Ukraine Government:
|
|||
1.258% 5/31/40 (b)(c)
|
1,300,000
|
1,411,150
|
|
6.876% 5/21/29 (b)
|
3,585,000
|
3,631,605
|
|
7.253% 3/15/33 (b)
|
3,445,000
|
3,474,713
|
|
7.375% 9/25/32 (b)
|
2,130,000
|
2,172,334
|
|
7.75% 9/1/22 (b)
|
9,409,000
|
9,785,360
|
|
7.75% 9/1/23 (b)
|
9,330,000
|
9,973,770
|
|
7.75% 9/1/24 (b)
|
5,364,000
|
5,802,507
|
|
7.75% 9/1/25 (b)
|
1,750,000
|
1,902,250
|
|
7.75% 9/1/26 (b)
|
1,895,000
|
2,054,062
|
|
7.75% 9/1/27 (b)
|
1,344,000
|
1,454,292
|
|
9.75% 11/1/28 (b)
|
1,210,000
|
1,420,086
|
|
TOTAL UKRAINE
|
43,082,129
|
||
United Arab Emirates - 1.4%
|
|||
Emirate of Abu Dhabi:
|
|||
1.7% 3/2/31 (b)
|
3,465,000
|
3,340,260
|
|
3.125% 4/16/30 (b)
|
5,190,000
|
5,631,150
|
|
3.125% 9/30/49 (b)
|
8,072,000
|
8,088,649
|
|
3.875% 4/16/50 (b)
|
2,990,000
|
3,417,570
|
|
TOTAL UNITED ARAB EMIRATES
|
20,477,629
|
||
Uruguay - 0.3%
|
|||
Uruguay Republic 5.1% 6/18/50
|
3,930,000
|
5,000,434
|
|
Uzbekistan - 0.3%
|
|||
Republic of Uzbekistan:
|
|||
3.7% 11/25/30 (b)
|
1,595,000
|
1,540,770
|
|
3.9% 10/19/31 (b)
|
2,360,000
|
2,295,076
|
|
4.75% 2/20/24 (b)
|
1,110,000
|
1,161,615
|
|
TOTAL UZBEKISTAN
|
4,997,461
|
||
Venezuela - 0.3%
|
|||
Venezuelan Republic:
|
|||
9.25% 9/15/27 (e)
|
27,915,000
|
2,791,500
|
|
11.95% 8/5/31 (Reg. S) (e)
|
17,015,000
|
1,722,769
|
|
12.75% 8/23/22 (e)
|
3,625,000
|
362,500
|
|
TOTAL VENEZUELA
|
4,876,769
|
||
Vietnam - 0.7%
|
|||
Vietnamese Socialist Republic 5.5% 3/12/28
|
11,179,000
|
11,149,655
|
|
Zambia - 0.1%
|
|||
Republic of Zambia 8.97% 7/30/27 (b)
|
1,970,000
|
1,516,900
|
|
|
TOTAL GOVERNMENT OBLIGATIONS
(Cost $846,545,455)
|
819,745,970
|
||
Preferred Securities - 3.1%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
Cayman Islands - 1.8%
|
|||
Banco Do Brasil SA 6.25% (b)(c)(g)
|
1,650,000
|
1,641,750
|
|
Banco Mercantil del Norte SA:
|
|||
6.75% (b)(c)(g)
|
2,130,000
|
2,249,546
|
|
6.875% (b)(c)(g)
|
2,145,000
|
2,196,346
|
|
7.625% (b)(c)(g)
|
1,285,000
|
1,433,819
|
|
Cosan Overseas Ltd. 8.25% (g)
|
10,515,000
|
10,714,128
|
|
DP World Salaam 6% (Reg. S) (c)(g)
|
3,215,000
|
3,524,444
|
|
Itau Unibanco Holding SA 6.125% (b)(c)(g)
|
3,575,000
|
3,613,655
|
|
Odebrecht Holdco Finance Ltd. 0% 9/10/58 (b)
|
15,123,224
|
234,410
|
|
OEC Finance Ltd. 7.5% pay-in-kind (b)(g)
|
6,374,392
|
513,139
|
|
TOTAL CAYMAN ISLANDS
|
26,121,237
|
||
Ireland - 0.7%
|
|||
Alfa Bond Issuance PLC 8% (Reg. S) (c)(g)
|
4,735,000
|
4,768,441
|
|
Tinkoff Credit Systems:
|
|||
6% (b)(c)(g)
|
1,625,000
|
1,624,025
|
|
9.25% (Reg. S) (c)(g)
|
4,530,000
|
4,712,049
|
|
TOTAL IRELAND
|
11,104,515
|
||
Mexico - 0.2%
|
|||
CEMEX S.A.B. de CV 5.125% (b)(c)(g)
|
3,625,000
|
3,670,313
|
|
United Arab Emirates - 0.4%
|
|||
Emirates NBD Bank PJSC 6.125% (Reg. S) (c)(g)
|
3,255,000
|
3,433,049
|
|
NBK Tier 1 Financing 2 Ltd. 4.5% (b)(c)(g)
|
1,890,000
|
1,947,645
|
|
TOTAL UNITED ARAB EMIRATES
|
5,380,694
|
||
|
TOTAL PREFERRED SECURITIES
(Cost $52,316,995)
|
46,276,759
|
||
Money Market Funds - 6.2%
|
|||
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund 0.06% (h)
(Cost $92,260,406)
|
92,246,522
|
92,264,971
|
|
|
TOTAL INVESTMENT IN SECURITIES - 99.2%
(Cost $1,536,339,975)
|
1,473,757,629
|
NET OTHER ASSETS (LIABILITIES) - 0.8%
|
11,167,697
|
NET ASSETS - 100.0%
|
1,484,925,326
|
EGP
|
-
|
Egyptian pound
|
EUR
|
-
|
European Monetary Unit
|
MXN
|
-
|
Mexican peso
|
(a)
|
Amount is stated in United States dollars unless otherwise noted.
|
(b)
|
Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $886,759,012 or 59.7% of net assets.
|
(c)
|
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
|
(d)
|
Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.
|
(e)
|
Non-income producing - Security is in default.
|
(f)
|
Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.
|
(g)
|
Security is perpetual in nature with no stated maturity date.
|
(h)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
%ownership,
end
of period
|
Fidelity Cash Central Fund 0.06%
|
119,964,712
|
824,830,240
|
852,529,910
|
59,314
|
(71)
|
-
|
92,264,971
|
0.1%
|
Total
|
119,964,712
|
824,830,240
|
852,529,910
|
59,314
|
(71)
|
-
|
92,264,971
|