Nonconvertible Bonds - 43.6%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
Argentina - 0.9%
|
|||
YPF SA:
|
|||
8.5% 3/23/25 (b)
|
5,225,250
|
4,801,678
|
|
8.75% 4/4/24 (b)
|
18,190,000
|
17,278,226
|
|
TOTAL ARGENTINA
|
22,079,904
|
||
Azerbaijan - 0.7%
|
|||
Southern Gas Corridor CJSC 6.875% 3/24/26 (b)
|
11,330,000
|
12,357,065
|
|
State Oil Co. of Azerbaijan Republic:
|
|||
4.75% 3/13/23 (Reg. S)
|
1,835,000
|
1,832,523
|
|
6.95% 3/18/30 (Reg. S)
|
2,715,000
|
3,008,220
|
|
TOTAL AZERBAIJAN
|
17,197,808
|
||
Bahrain - 0.8%
|
|||
The Oil and Gas Holding Co.:
|
|||
7.5% 10/25/27 (b)
|
6,995,000
|
7,379,725
|
|
7.625% 11/7/24 (b)
|
9,925,000
|
10,446,063
|
|
8.375% 11/7/28 (b)
|
2,065,000
|
2,251,883
|
|
TOTAL BAHRAIN
|
20,077,671
|
||
Bailiwick of Jersey - 0.4%
|
|||
Galaxy Pipeline Assets BidCo Ltd.:
|
|||
2.16% 3/31/34 (b)
|
4,059,634
|
3,729,788
|
|
2.625% 3/31/36 (b)
|
8,770,000
|
7,867,238
|
|
TOTAL BAILIWICK OF JERSEY
|
11,597,026
|
||
Bermuda - 1.4%
|
|||
Digicel Group Ltd. 6.75% 3/1/23 (b)
|
3,120,000
|
2,905,500
|
|
GeoPark Ltd. 6.5% 9/21/24 (b)
|
5,885,000
|
6,011,160
|
|
Investment Energy Resources Ltd. 6.25% 4/26/29 (b)
|
5,490,000
|
5,544,900
|
|
Qtel International Finance Ltd.:
|
|||
2.625% 4/8/31 (b)
|
5,130,000
|
4,808,349
|
|
3.25% 2/21/23 (b)
|
5,230,000
|
5,258,765
|
|
5% 10/19/25 (b)
|
2,795,000
|
2,971,958
|
|
Sagicor Financial Co. Ltd. 5.3% 5/13/28 (b)
|
3,745,000
|
3,730,956
|
|
Tengizchevroil Finance Co. International Ltd. 3.25% 8/15/30 (b)
|
7,235,000
|
5,838,645
|
|
TOTAL BERMUDA
|
37,070,233
|
||
Brazil - 0.3%
|
|||
Natura Cosmeticos SA 4.125% 5/3/28 (b)
|
7,570,000
|
7,249,789
|
|
British Virgin Islands - 2.3%
|
|||
1MDB Global Investments Ltd. 4.4% 3/9/23
|
41,500,000
|
40,384,663
|
|
Central American Bottling Corp. 5.25% 4/27/29 (b)
|
3,770,000
|
3,751,150
|
|
ENN Clean Energy International Investment Ltd. 3.375% 5/12/26 (b)
|
7,010,000
|
6,572,155
|
|
Gold Fields Orogen Holding BVI Ltd. 5.125% 5/15/24 (b)
|
1,850,000
|
1,883,300
|
|
Sinopec Group Overseas Development Ltd.:
|
|||
1.45% 1/8/26 (b)
|
4,035,000
|
3,775,872
|
|
2.7% 5/13/30 (b)
|
2,555,000
|
2,395,517
|
|
TOTAL BRITISH VIRGIN ISLANDS
|
58,762,657
|
||
Canada - 1.0%
|
|||
Canacol Energy Ltd. 5.75% 11/24/28 (b)
|
4,120,000
|
3,826,450
|
|
First Quantum Minerals Ltd.:
|
|||
7.25% 4/1/23 (b)
|
11,010,000
|
11,010,220
|
|
7.5% 4/1/25 (b)
|
2,900,000
|
2,953,469
|
|
Gcm Mining Corp. 6.875% 8/9/26 (b)
|
6,975,000
|
6,225,188
|
|
MEGlobal Canada, Inc. 5% 5/18/25 (b)
|
2,945,000
|
3,025,619
|
|
TOTAL CANADA
|
27,040,946
|
||
Cayman Islands - 3.5%
|
|||
Alibaba Group Holding Ltd. 2.125% 2/9/31
|
3,395,000
|
2,949,237
|
|
Baidu, Inc.:
|
|||
1.72% 4/9/26
|
4,835,000
|
4,453,591
|
|
2.375% 10/9/30
|
2,715,000
|
2,400,739
|
|
DP World Crescent Ltd.:
|
|||
3.7495% 1/30/30 (b)
|
8,805,000
|
8,782,988
|
|
3.875% 7/18/29 (Reg. S)
|
6,110,000
|
6,131,691
|
|
IHS Holding Ltd. 5.625% 11/29/26 (b)
|
6,435,000
|
6,064,988
|
|
JD.com, Inc. 3.375% 1/14/30
|
7,545,000
|
7,123,989
|
|
Lamar Funding Ltd. 3.958% 5/7/25 (b)
|
5,185,000
|
5,077,411
|
|
Meituan:
|
|||
2.125% 10/28/25 (b)
|
5,835,000
|
5,206,337
|
|
3.05% 10/28/30 (b)
|
3,860,000
|
3,101,510
|
|
NagaCorp Ltd. 7.95% 7/6/24 (Reg. S)
|
8,025,000
|
6,664,763
|
|
OEC Finance Ltd. 4.375% 10/25/29 pay-in-kind (b)
|
189,856
|
6,645
|
|
SA Global Sukuk Ltd. 1.602% 6/17/26 (b)
|
14,975,000
|
14,076,500
|
|
Sable International Finance Ltd. 5.75% 9/7/27 (b)
|
4,357,000
|
4,379,046
|
|
Sparc Em Spc 0% 12/5/22 (b)
|
132,705
|
130,076
|
|
Tencent Holdings Ltd.:
|
|||
1.81% 1/26/26 (b)
|
2,715,000
|
2,514,429
|
|
2.39% 6/3/30 (b)
|
3,405,000
|
3,017,256
|
|
2.88% 4/22/31 (b)
|
2,220,000
|
2,036,939
|
|
3.975% 4/11/29 (b)
|
2,040,000
|
2,033,370
|
|
Termocandelaria Power Ltd. 7.875% 1/30/29 (b)
|
5,584,500
|
5,601,254
|
|
TOTAL CAYMAN ISLANDS
|
91,752,759
|
||
Chile - 0.8%
|
|||
Corporacion Nacional del Cobre de Chile (Codelco):
|
|||
3% 9/30/29 (b)
|
1,225,000
|
1,167,808
|
|
3.15% 1/14/30 (b)
|
3,200,000
|
3,074,600
|
|
3.7% 1/30/50 (b)
|
7,485,000
|
6,721,530
|
|
VTR Comunicaciones SpA:
|
|||
4.375% 4/15/29 (b)
|
2,060,000
|
1,874,600
|
|
5.125% 1/15/28 (b)
|
7,460,000
|
7,069,749
|
|
TOTAL CHILE
|
19,908,287
|
||
Colombia - 0.3%
|
|||
Colombia Telecomunicaciones SA 4.95% 7/17/30 (b)
|
2,420,000
|
2,195,091
|
|
Oleoducto Central SA 4% 7/14/27 (b)
|
6,585,000
|
6,156,975
|
|
TOTAL COLOMBIA
|
8,352,066
|
||
Curacao - 0.1%
|
|||
Teva Pharmaceutical Finance Co. BV 2.95% 12/18/22
|
3,125,000
|
3,105,469
|
|
Dominican Republic - 0.0%
|
|||
Banco de Reservas de La Republica Dominicana 7% 2/1/23 (b)
|
1,075,000
|
1,091,125
|
|
Georgia - 0.4%
|
|||
Georgia Bank Joint Stock Co. 6% 7/26/23 (b)
|
9,705,000
|
9,656,475
|
|
Guatemala - 0.3%
|
|||
CT Trust 5.125% 2/3/32 (b)
|
6,730,000
|
6,689,620
|
|
Hong Kong - 0.2%
|
|||
Lenovo Group Ltd.:
|
|||
3.421% 11/2/30 (b)
|
5,555,000
|
5,094,282
|
|
5.875% 4/24/25 (Reg. S)
|
1,295,000
|
1,362,625
|
|
TOTAL HONG KONG
|
6,456,907
|
||
India - 0.5%
|
|||
Adani Electricity Mumbai Ltd. 3.867% 7/22/31 (b)
|
3,540,000
|
3,105,111
|
|
JSW Steel Ltd. 3.95% 4/5/27 (b)
|
4,935,000
|
4,656,173
|
|
Shriram Transport Finance Co. Ltd. 4.15% 7/18/25 (b)
|
5,420,000
|
5,158,485
|
|
TOTAL INDIA
|
12,919,769
|
||
Indonesia - 0.6%
|
|||
Indonesia Asahan Aluminium Tbk PT:
|
|||
4.75% 5/15/25 (b)
|
1,340,000
|
1,368,622
|
|
5.45% 5/15/30 (b)
|
5,295,000
|
5,514,412
|
|
PT Adaro Indonesia 4.25% 10/31/24 (b)
|
9,045,000
|
8,919,501
|
|
TOTAL INDONESIA
|
15,802,535
|
||
Ireland - 0.6%
|
|||
C&W Senior Financing Designated Activity Co. 6.875% 9/15/27 (b)
|
5,005,000
|
4,967,463
|
|
Celtic Resources Holdings DAC 4.125% 10/9/24 (b)
|
5,060,000
|
1,265,000
|
|
LCPR Senior Secured Financing DAC 5.125% 7/15/29 (b)
|
7,080,000
|
6,759,241
|
|
Sibur Securities DAC 2.95% 7/8/25 (b)
|
2,610,000
|
652,500
|
|
SUEK Securities DAC 3.375% 9/15/26 (b)
|
9,545,000
|
1,431,750
|
|
TOTAL IRELAND
|
15,075,954
|
||
Israel - 1.3%
|
|||
Delek Overriding Royalty Levia 7.494% 12/30/23 (Reg. S) (b)
|
9,905,000
|
10,053,575
|
|
Energean Israel Finance Ltd. 4.875% 3/30/26 (Reg. S) (b)
|
6,420,000
|
6,195,300
|
|
Israel Electric Corp. Ltd. 3.75% 2/22/32 (Reg. S) (b)
|
6,545,000
|
6,274,796
|
|
Leviathan Bond Ltd.:
|
|||
5.75% 6/30/23 (Reg. S) (b)
|
4,240,000
|
4,285,826
|
|
6.125% 6/30/25 (Reg. S) (b)
|
5,570,000
|
5,651,868
|
|
TOTAL ISRAEL
|
32,461,365
|
||
Kazakhstan - 0.2%
|
|||
KazMunaiGaz National Co.:
|
|||
3.5% 4/14/33 (b)
|
3,900,000
|
3,227,250
|
|
4.75% 4/24/25 (b)
|
1,205,000
|
1,170,582
|
|
5.75% 4/19/47 (b)
|
1,965,000
|
1,741,236
|
|
TOTAL KAZAKHSTAN
|
6,139,068
|
||
Luxembourg - 2.5%
|
|||
Adecoagro SA 6% 9/21/27 (b)
|
8,725,000
|
8,734,816
|
|
B2W Digital Lux SARL 4.375% 12/20/30 (b)
|
8,420,000
|
7,237,516
|
|
EIG Pearl Holdings SARL 3.545% 8/31/36 (b)
|
9,080,000
|
8,671,400
|
|
FEL Energy VI SARL 5.75% 12/1/40 (b)
|
3,174,234
|
2,845,502
|
|
Guara Norte SARL 5.198% 6/15/34 (b)
|
5,402,210
|
4,917,416
|
|
JBS Finance Luxembourg SARL 2.5% 1/15/27 (b)
|
2,885,000
|
2,679,473
|
|
MC Brazil Downstream Trading SARL 7.25% 6/30/31 (b)
|
6,770,000
|
6,160,700
|
|
Millicom International Cellular SA 4.5% 4/27/31 (b)
|
4,710,000
|
4,376,202
|
|
TMK Capital SA 4.3% 2/12/27 (Reg. S)
|
4,020,000
|
603,000
|
|
Tupy Overseas SA 4.5% 2/16/31 (b)
|
5,120,000
|
4,503,360
|
|
Usiminas International SARL 5.875% 7/18/26 (b)
|
6,415,000
|
6,561,743
|
|
VM Holding SA 6.5% 1/18/28 (b)
|
5,960,000
|
6,332,500
|
|
TOTAL LUXEMBOURG
|
63,623,628
|
||
Malaysia - 0.7%
|
|||
GENM Capital Labuan Ltd. 3.882% 4/19/31 (b)
|
6,685,000
|
5,781,689
|
|
MISC Capital Two (Labuan) Ltd.:
|
|||
3.625% 4/6/25 (b)
|
3,845,000
|
3,843,962
|
|
3.75% 4/6/27 (b)
|
6,135,000
|
6,104,325
|
|
Petronas Capital Ltd. 3.5% 4/21/30 (b)
|
2,620,000
|
2,657,885
|
|
TOTAL MALAYSIA
|
18,387,861
|
||
Mauritius - 0.9%
|
|||
AXIAN Telecom 7.375% 2/16/27 (b)
|
5,710,000
|
5,524,425
|
|
CA Magnum Holdings 5.375% (b)(c)
|
6,630,000
|
6,464,250
|
|
HTA Group Ltd. 7% 12/18/25 (b)
|
5,805,000
|
5,736,066
|
|
MTN (Mauritius) Investments Ltd.:
|
|||
4.755% 11/11/24 (b)
|
3,100,000
|
3,108,331
|
|
6.5% 10/13/26 (b)
|
3,630,000
|
3,823,524
|
|
TOTAL MAURITIUS
|
24,656,596
|
||
Mexico - 5.5%
|
|||
Axtel S.A.B. de CV 6.375% 11/14/24 (b)
|
960,000
|
979,980
|
|
Braskem Idesa SAPI 7.45% 11/15/29 (b)
|
1,410,000
|
1,425,510
|
|
CEMEX S.A.B. de CV 3.875% 7/11/31 (b)
|
2,655,000
|
2,426,006
|
|
Comision Federal de Electricid:
|
|||
3.348% 2/9/31 (b)
|
1,365,000
|
1,196,764
|
|
4.688% 5/15/29 (b)
|
6,140,000
|
6,058,645
|
|
Metalsa SA de CV 3.75% 5/4/31 (b)
|
5,150,000
|
4,435,438
|
|
Orbia Advance Corp. S.A.B. de CV 1.875% 5/11/26 (b)
|
3,100,000
|
2,897,144
|
|
Petroleos Mexicanos:
|
|||
3.5% 1/30/23
|
7,330,000
|
7,313,508
|
|
4.875% 1/18/24
|
17,930,000
|
18,145,160
|
|
6.5% 3/13/27
|
2,695,000
|
2,726,666
|
|
6.5% 6/2/41
|
2,085,000
|
1,721,063
|
|
6.625% 6/15/35
|
21,915,000
|
19,657,755
|
|
6.7% 2/16/32
|
12,107,000
|
11,501,650
|
|
6.75% 9/21/47
|
8,752,000
|
7,027,418
|
|
6.875% 10/16/25
|
3,240,000
|
3,388,716
|
|
6.95% 1/28/60
|
1,655,000
|
1,340,385
|
|
7.69% 1/23/50
|
41,444,000
|
36,056,280
|
|
8.625% 12/1/23 (d)
|
930,000
|
976,209
|
|
TV Azteca SA de CV 8.25% 8/9/24 (Reg. S) (e)
|
19,500,000
|
12,392,250
|
|
TOTAL MEXICO
|
141,666,547
|
||
Mongolia - 0.1%
|
|||
Development Bank of Mongolia 7.25% 10/23/23 (b)
|
1,405,000
|
1,417,996
|
|
Morocco - 0.6%
|
|||
OCP SA:
|
|||
3.75% 6/23/31 (b)
|
5,750,000
|
5,196,563
|
|
4.5% 10/22/25 (b)
|
1,280,000
|
1,284,640
|
|
5.625% 4/25/24 (b)
|
7,250,000
|
7,439,406
|
|
6.875% 4/25/44 (b)
|
1,260,000
|
1,281,893
|
|
TOTAL MOROCCO
|
15,202,502
|
||
Multi-National - 0.6%
|
|||
GEMS MENASA Cayman Ltd. 7.125% 7/31/26 (b)
|
6,415,000
|
6,412,193
|
|
JBS U.S.A. Lux SA / JBS Food Co. 6.5% 4/15/29 (b)
|
2,150,000
|
2,270,938
|
|
Navios South American Logistics, Inc./Navios Logistics Finance U.S., Inc. 10.75% 7/1/25 (b)
|
2,455,000
|
2,554,734
|
|
Promigas SA ESP/Gases del Pacifico SAC 3.75% 10/16/29 (b)
|
3,830,000
|
3,452,937
|
|
TOTAL MULTI-NATIONAL
|
14,690,802
|
||
Netherlands - 3.6%
|
|||
Bharti Airtel International BV 5.35% 5/20/24 (b)
|
6,625,000
|
6,856,047
|
|
Cimpor Financial Operations BV 5.75% 7/17/24 (b)
|
4,900,000
|
4,322,106
|
|
Embraer Netherlands Finance BV 5.05% 6/15/25
|
8,025,000
|
8,105,250
|
|
Equate Petrochemical BV 2.625% 4/28/28 (b)
|
3,085,000
|
2,849,769
|
|
Kazakhstan Temir Zholy Finance BV 6.95% 7/10/42 (b)
|
1,375,000
|
1,396,484
|
|
Metinvest BV:
|
|||
7.75% 4/23/23 (b)
|
6,466,000
|
2,748,050
|
|
8.5% 4/23/26 (Reg. S)
|
1,825,000
|
793,875
|
|
Mong Duong Finance Holdings BV 5.125% 5/7/29 (b)
|
5,260,000
|
4,707,043
|
|
Nostrum Oil & Gas Finance BV 8% 7/25/22 (b)(e)
|
30,870,000
|
8,412,075
|
|
Petrobras Global Finance BV:
|
|||
6.75% 6/3/50
|
4,920,000
|
4,784,700
|
|
6.875% 1/20/40
|
6,673,000
|
6,872,356
|
|
8.75% 5/23/26
|
8,405,000
|
9,806,534
|
|
Prosus NV:
|
|||
2.031% 8/3/32 (Reg. S)
|
EUR
|
2,395,000
|
2,139,446
|
3.257% 1/19/27 (b)
|
1,750,000
|
1,601,250
|
|
3.68% 1/21/30 (b)
|
4,225,000
|
3,723,281
|
|
4.027% 8/3/50 (b)
|
6,840,000
|
5,130,000
|
|
SABIC Capital II BV 4% 10/10/23 (b)
|
8,080,000
|
8,231,500
|
|
Teva Pharmaceutical Finance Netherlands III BV 4.75% 5/9/27
|
3,015,000
|
2,908,533
|
|
VimpelCom Holdings BV 7.25% 4/26/23 (b)
|
5,070,000
|
3,270,150
|
|
VTR Finance BV 6.375% 7/15/28 (b)
|
3,655,000
|
3,563,625
|
|
TOTAL NETHERLANDS
|
92,222,074
|
||
Nigeria - 0.2%
|
|||
Access Bank PLC 6.125% 9/21/26 (b)
|
5,157,000
|
4,796,010
|
|
Panama - 0.4%
|
|||
Aeropuerto Internacional de Tocumen SA:
|
|||
4% 8/11/41 (b)
|
2,990,000
|
2,728,001
|
|
5.125% 8/11/61 (b)
|
2,205,000
|
2,010,409
|
|
Cable Onda SA 4.5% 1/30/30 (b)
|
7,230,000
|
6,989,603
|
|
TOTAL PANAMA
|
11,728,013
|
||
Paraguay - 0.2%
|
|||
Telefonica Celular del Paraguay SA 5.875% 4/15/27 (b)
|
5,285,000
|
5,366,918
|
|
Peru - 0.3%
|
|||
Camposol SA 6% 2/3/27 (b)
|
2,578,000
|
2,419,775
|
|
Compania de Minas Buenaventura SA 5.5% 7/23/26 (b)
|
2,650,000
|
2,612,403
|
|
Volcan Compania Minera SAA 4.375% 2/11/26 (b)
|
2,125,000
|
2,034,688
|
|
TOTAL PERU
|
7,066,866
|
||
Qatar - 1.4%
|
|||
Qatar Petroleum:
|
|||
1.375% 9/12/26 (b)
|
12,370,000
|
11,531,314
|
|
2.25% 7/12/31 (b)
|
12,385,000
|
11,425,163
|
|
3.125% 7/12/41 (b)
|
6,810,000
|
6,214,125
|
|
3.3% 7/12/51 (b)
|
6,870,000
|
6,320,400
|
|
TOTAL QATAR
|
35,491,002
|
||
Saudi Arabia - 1.9%
|
|||
Saudi Arabian Oil Co.:
|
|||
1.625% 11/24/25 (b)
|
10,375,000
|
9,843,281
|
|
3.5% 4/16/29 (b)
|
21,920,000
|
22,029,600
|
|
4.25% 4/16/39 (b)
|
13,025,000
|
13,318,063
|
|
4.375% 4/16/49 (b)
|
4,080,000
|
4,161,600
|
|
TOTAL SAUDI ARABIA
|
49,352,544
|
||
Singapore - 0.8%
|
|||
Indika Energy Capital III Pte. Ltd. 5.875% 11/9/24 (b)
|
2,815,000
|
2,775,942
|
|
Indika Energy Capital IV Pte Ltd. 8.25% 10/22/25 (b)
|
3,995,000
|
3,995,000
|
|
Medco Laurel Tree Pte Ltd. 6.95% 11/12/28 (b)
|
6,895,000
|
6,705,388
|
|
Medco Oak Tree Pte Ltd. 7.375% 5/14/26 (b)
|
1,225,000
|
1,237,250
|
|
Medco Platinum Road Pte Ltd. 6.75% 1/30/25 (b)
|
5,841,000
|
5,856,698
|
|
TOTAL SINGAPORE
|
20,570,278
|
||
South Africa - 0.8%
|
|||
Eskom Holdings SOC Ltd.:
|
|||
6.75% 8/6/23 (b)
|
19,420,000
|
19,095,929
|
|
7.125% 2/11/25 (b)
|
790,000
|
761,955
|
|
TOTAL SOUTH AFRICA
|
19,857,884
|
||
Spain - 0.2%
|
|||
EnfraGen Energia Sur SA 5.375% 12/30/30 (b)
|
9,110,000
|
6,350,490
|
|
Thailand - 0.1%
|
|||
PTT Treasury Center Co. Ltd. 3.7% 7/16/70 (b)
|
2,635,000
|
2,162,018
|
|
Turkey - 0.6%
|
|||
Aydem Yenilenebilir Enerji A/S 7.75% 2/2/27 (b)
|
2,625,000
|
2,067,680
|
|
Petkim Petrokimya Holding A/S 5.875% 1/26/23 (b)
|
8,260,000
|
8,218,700
|
|
Turk Sise ve Cam Fabrikalari A/S 6.95% 3/14/26 (b)
|
5,110,000
|
5,040,696
|
|
TOTAL TURKEY
|
15,327,076
|
||
United Arab Emirates - 0.5%
|
|||
Abu Dhabi National Energy Co. PJSC:
|
|||
4% 10/3/49 (b)
|
3,750,000
|
3,862,031
|
|
4.875% 4/23/30 (b)
|
1,075,000
|
1,194,916
|
|
DP World Ltd. 5.625% 9/25/48 (b)
|
1,795,000
|
1,947,575
|
|
MDGH GMTN RSC Ltd. 2.875% 11/7/29 (b)
|
6,010,000
|
5,807,163
|
|
TOTAL UNITED ARAB EMIRATES
|
12,811,685
|
||
United Kingdom - 1.8%
|
|||
Antofagasta PLC 2.375% 10/14/30 (b)
|
8,065,000
|
7,108,793
|
|
Biz Finance PLC 9.625% 4/27/22 (b)
|
1,018,583
|
263,100
|
|
Endeavour Mining PLC 5% 10/14/26 (b)
|
3,735,000
|
3,413,557
|
|
Energean PLC 6.5% 4/30/27 (b)
|
5,960,000
|
5,694,780
|
|
Fresnillo PLC 4.25% 10/2/50 (b)
|
3,940,000
|
3,460,551
|
|
Liquid Telecommunications Financing PLC 5.5% 9/4/26 (b)
|
6,725,000
|
6,371,938
|
|
NAK Naftogaz Ukraine:
|
|||
7.375% 7/19/22 (Reg. S)
|
6,785,000
|
2,293,330
|
|
7.625% 11/8/26 (b)
|
2,455,000
|
736,500
|
|
Oschadbank Via SSB #1 PLC 9.375% 3/10/23 (b)
|
766,500
|
498,225
|
|
The Bidvest Group UK PLC 3.625% 9/23/26 (b)
|
3,610,000
|
3,375,350
|
|
Tullow Oil PLC:
|
|||
7% 3/1/25 (b)
|
1,935,000
|
1,606,050
|
|
10.25% 5/15/26 (b)
|
11,835,000
|
11,923,763
|
|
TOTAL UNITED KINGDOM
|
46,745,937
|
||
United States of America - 3.1%
|
|||
Azul Investments LLP:
|
|||
5.875% 10/26/24 (b)
|
8,815,000
|
7,720,287
|
|
7.25% 6/15/26 (b)
|
2,900,000
|
2,425,125
|
|
BBVA Bancomer SA Texas Branch 6.75% 9/30/22 (b)
|
3,450,000
|
3,497,438
|
|
Citgo Holding, Inc. 9.25% 8/1/24 (b)
|
5,685,000
|
5,741,850
|
|
DAE Funding LLC 1.55% 8/1/24 (b)
|
7,020,000
|
6,607,575
|
|
Kosmos Energy Ltd. 7.125% 4/4/26 (b)
|
18,315,000
|
17,946,411
|
|
NBM U.S. Holdings, Inc. 6.625% 8/6/29 (b)
|
12,995,000
|
13,628,506
|
|
Sasol Financing U.S.A. LLC:
|
|||
4.375% 9/18/26
|
7,025,000
|
6,744,000
|
|
5.875% 3/27/24
|
7,245,000
|
7,335,563
|
|
Stillwater Mining Co. 4% 11/16/26 (b)
|
8,870,000
|
8,537,375
|
|
TOTAL UNITED STATES OF AMERICA
|
80,184,130
|
||
Uzbekistan - 0.1%
|
|||
National Bank of Uzbekistan 4.85% 10/21/25 (Reg. S)
|
2,550,000
|
2,182,322
|
|
Uzbekneftegaz JSC 4.75% 11/16/28 (b)
|
1,110,000
|
915,750
|
|
TOTAL UZBEKISTAN
|
3,098,072
|
||
Venezuela - 0.1%
|
|||
Petroleos de Venezuela SA:
|
|||
5.375% 4/12/27 (e)
|
5,000,000
|
337,500
|
|
5.5% 4/12/37 (e)
|
330,000
|
22,275
|
|
6% 5/16/24 (b)(e)
|
9,685,000
|
653,738
|
|
6% 11/15/26 (b)(e)
|
12,130,000
|
818,775
|
|
9.75% 5/17/35 (b)(e)
|
1,315,000
|
88,763
|
|
12.75% 2/17/22 (b)(e)
|
1,310,000
|
88,425
|
|
TOTAL VENEZUELA
|
2,009,476
|
||
|
TOTAL NONCONVERTIBLE BONDS
(Cost $1,244,041,919)
|
1,125,273,838
|
||
Government Obligations - 38.9%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
Angola - 0.8%
|
|||
Angola Republic:
|
|||
8.25% 5/9/28 (b)
|
5,530,000
|
5,626,775
|
|
9.375% 5/8/48 (b)
|
965,000
|
955,350
|
|
9.5% 11/12/25 (b)
|
12,520,000
|
13,709,400
|
|
TOTAL ANGOLA
|
20,291,525
|
||
Argentina - 2.3%
|
|||
Argentine Republic:
|
|||
0.5% 7/9/30 (f)
|
78,122,307
|
26,170,973
|
|
1% 7/9/29
|
8,355,564
|
2,853,425
|
|
1.125% 7/9/35 (f)
|
22,872,842
|
6,964,780
|
|
2% 1/9/38 (f)
|
9,996,530
|
3,773,690
|
|
Buenos Aires Province 3.9% 9/1/37 (b)(f)
|
5,895,000
|
2,517,533
|
|
Province of Santa Fe 7% 3/23/23 (b)
|
4,375,000
|
4,072,305
|
|
Provincia de Cordoba:
|
|||
5% 12/10/25 (b)(f)
|
12,304,714
|
9,580,758
|
|
5% 6/1/27 (b)(f)
|
5,681,546
|
3,731,355
|
|
TOTAL ARGENTINA
|
59,664,819
|
||
Armenia - 0.1%
|
|||
Republic of Armenia 7.15% 3/26/25 (b)
|
3,095,000
|
3,066,565
|
|
Barbados - 0.4%
|
|||
Barbados Government 6.5% 10/1/29 (b)
|
9,940,000
|
9,547,370
|
|
Benin - 0.4%
|
|||
Republic of Benin:
|
|||
4.875% 1/19/32 (b)
|
EUR
|
5,880,000
|
5,674,581
|
5.75% 3/26/26 (b)
|
EUR
|
2,965,000
|
3,375,972
|
TOTAL BENIN
|
9,050,553
|
||
Bermuda - 0.5%
|
|||
Bermuda Government:
|
|||
2.375% 8/20/30 (b)
|
520,000
|
476,060
|
|
3.375% 8/20/50 (b)
|
1,825,000
|
1,610,334
|
|
3.717% 1/25/27 (b)
|
7,540,000
|
7,630,951
|
|
4.75% 2/15/29 (b)
|
4,160,000
|
4,475,380
|
|
TOTAL BERMUDA
|
14,192,725
|
||
Brazil - 1.7%
|
|||
Brazilian Federative Republic:
|
|||
2.875% 6/6/25
|
13,455,000
|
13,206,083
|
|
3.875% 6/12/30
|
8,795,000
|
8,106,791
|
|
7.125% 1/20/37
|
6,420,000
|
7,358,123
|
|
8.25% 1/20/34
|
12,015,000
|
14,803,231
|
|
TOTAL BRAZIL
|
43,474,228
|
||
Cameroon - 0.2%
|
|||
Cameroon Republic 5.95% 7/7/32 (b)
|
EUR
|
6,435,000
|
6,246,676
|
Chile - 0.9%
|
|||
Chilean Republic:
|
|||
2.45% 1/31/31
|
14,670,000
|
13,705,448
|
|
2.75% 1/31/27
|
3,315,000
|
3,242,070
|
|
3.5% 1/31/34
|
2,180,000
|
2,160,380
|
|
4% 1/31/52
|
1,910,000
|
1,882,305
|
|
4.34% 3/7/42
|
2,815,000
|
2,891,005
|
|
TOTAL CHILE
|
23,881,208
|
||
China - 0.2%
|
|||
Peoples Republic of China 1.2% 10/21/30 (b)
|
4,895,000
|
4,382,151
|
|
Colombia - 1.1%
|
|||
Colombian Republic:
|
|||
3% 1/30/30
|
5,600,000
|
4,808,300
|
|
3.125% 4/15/31
|
6,095,000
|
5,157,132
|
|
3.25% 4/22/32
|
6,755,000
|
5,660,690
|
|
4.125% 5/15/51
|
2,555,000
|
1,928,706
|
|
5% 6/15/45
|
9,880,000
|
8,325,753
|
|
6.125% 1/18/41
|
440,000
|
426,883
|
|
7.375% 9/18/37
|
1,575,000
|
1,774,631
|
|
TOTAL COLOMBIA
|
28,082,095
|
||
Costa Rica - 0.2%
|
|||
Costa Rican Republic:
|
|||
5.625% 4/30/43 (b)
|
1,910,000
|
1,663,849
|
|
6.125% 2/19/31 (b)
|
2,400,000
|
2,428,200
|
|
7% 4/4/44 (b)
|
585,000
|
573,410
|
|
TOTAL COSTA RICA
|
4,665,459
|
||
Dominican Republic - 1.7%
|
|||
Dominican Republic:
|
|||
4.875% 9/23/32 (b)
|
9,085,000
|
8,232,146
|
|
5.875% 1/30/60 (b)
|
3,120,000
|
2,652,585
|
|
5.95% 1/25/27 (b)
|
6,410,000
|
6,458,075
|
|
6% 7/19/28 (b)
|
4,120,000
|
4,187,723
|
|
6% 2/22/33 (b)
|
4,275,000
|
4,160,911
|
|
6.4% 6/5/49 (b)
|
1,825,000
|
1,706,147
|
|
6.5% 2/15/48 (b)
|
755,000
|
718,571
|
|
6.5% 2/15/48 (Reg. S)
|
1,530,000
|
1,456,178
|
|
6.85% 1/27/45 (b)
|
3,435,000
|
3,404,514
|
|
6.875% 1/29/26 (b)
|
7,420,000
|
7,828,100
|
|
7.45% 4/30/44 (b)
|
3,655,000
|
3,839,578
|
|
TOTAL DOMINICAN REPUBLIC
|
44,644,528
|
||
Ecuador - 0.7%
|
|||
Ecuador Republic:
|
|||
1% 7/31/35 (b)(f)
|
7,865,000
|
5,113,725
|
|
5% 7/31/30 (b)(f)
|
14,060,000
|
11,716,374
|
|
TOTAL ECUADOR
|
16,830,099
|
||
Egypt - 2.0%
|
|||
Arab Republic of Egypt:
|
|||
5.8% 9/30/27 (b)
|
4,120,000
|
3,764,650
|
|
7.5% 1/31/27 (b)
|
32,960,000
|
32,465,600
|
|
7.6003% 3/1/29 (b)
|
5,785,000
|
5,481,288
|
|
7.903% 2/21/48 (b)
|
4,875,000
|
3,948,750
|
|
8.5% 1/31/47 (b)
|
7,395,000
|
6,285,750
|
|
8.7002% 3/1/49 (b)
|
1,150,000
|
980,375
|
|
TOTAL EGYPT
|
52,926,413
|
||
El Salvador - 0.3%
|
|||
El Salvador Republic:
|
|||
6.375% 1/18/27 (b)
|
810,000
|
394,875
|
|
7.1246% 1/20/50 (b)
|
3,320,000
|
1,510,600
|
|
7.625% 2/1/41 (b)
|
935,000
|
425,425
|
|
7.75% 1/24/23 (b)
|
7,730,000
|
6,299,950
|
|
TOTAL EL SALVADOR
|
8,630,850
|
||
Gabon - 0.2%
|
|||
Gabonese Republic 7% 11/24/31 (b)
|
4,080,000
|
3,881,100
|
|
Georgia - 0.2%
|
|||
Georgia Republic 2.75% 4/22/26 (b)
|
5,385,000
|
4,604,175
|
|
Ghana - 0.4%
|
|||
Ghana Republic:
|
|||
7.75% 4/7/29 (b)
|
6,220,000
|
4,509,500
|
|
8.125% 1/18/26 (b)
|
895,000
|
747,325
|
|
10.75% 10/14/30 (b)
|
4,110,000
|
4,305,225
|
|
TOTAL GHANA
|
9,562,050
|
||
Guatemala - 0.3%
|
|||
Guatemalan Republic:
|
|||
4.9% 6/1/30 (b)
|
475,000
|
484,292
|
|
5.375% 4/24/32 (b)
|
3,930,000
|
4,110,043
|
|
6.125% 6/1/50 (b)
|
2,620,000
|
2,742,485
|
|
TOTAL GUATEMALA
|
7,336,820
|
||
Hungary - 0.1%
|
|||
Hungarian Republic 2.125% 9/22/31 (b)
|
2,190,000
|
1,985,098
|
|
Indonesia - 2.6%
|
|||
Indonesian Republic:
|
|||
3.85% 10/15/30
|
3,790,000
|
3,988,501
|
|
4.1% 4/24/28
|
7,530,000
|
7,994,978
|
|
4.35% 1/11/48
|
4,095,000
|
4,202,944
|
|
5.125% 1/15/45 (b)
|
9,585,000
|
10,604,461
|
|
5.25% 1/17/42 (b)
|
3,965,000
|
4,424,197
|
|
5.95% 1/8/46 (b)
|
4,505,000
|
5,513,838
|
|
6.625% 2/17/37 (b)
|
821,000
|
1,032,305
|
|
6.75% 1/15/44 (b)
|
3,710,000
|
4,916,158
|
|
7.75% 1/17/38 (b)
|
8,865,000
|
12,174,415
|
|
8.5% 10/12/35 (b)
|
9,215,000
|
13,147,501
|
|
TOTAL INDONESIA
|
67,999,298
|
||
Iraq - 0.1%
|
|||
Republic of Iraq 5.8% 1/15/28 (Reg. S)
|
3,264,750
|
3,186,804
|
|
Israel - 0.2%
|
|||
Israeli State 3.375% 1/15/50
|
6,775,000
|
6,410,844
|
|
Ivory Coast - 0.6%
|
|||
Ivory Coast:
|
|||
5.875% 10/17/31 (b)
|
EUR
|
5,330,000
|
5,445,982
|
6.125% 6/15/33 (b)
|
3,865,000
|
3,723,203
|
|
6.375% 3/3/28 (b)
|
5,505,000
|
5,588,607
|
|
TOTAL IVORY COAST
|
14,757,792
|
||
Jamaica - 0.2%
|
|||
Jamaican Government:
|
|||
6.75% 4/28/28
|
2,175,000
|
2,376,595
|
|
7.875% 7/28/45
|
1,995,000
|
2,565,819
|
|
TOTAL JAMAICA
|
4,942,414
|
||
Jordan - 0.3%
|
|||
Jordanian Kingdom:
|
|||
4.95% 7/7/25 (b)
|
6,605,000
|
6,571,975
|
|
7.375% 10/10/47 (b)
|
1,240,000
|
1,120,883
|
|
TOTAL JORDAN
|
7,692,858
|
||
Kenya - 0.4%
|
|||
Republic of Kenya:
|
|||
6.875% 6/24/24 (b)
|
6,200,000
|
6,207,750
|
|
7% 5/22/27 (b)
|
5,385,000
|
5,183,063
|
|
TOTAL KENYA
|
11,390,813
|
||
Korea (South) - 0.2%
|
|||
Korean Republic 1% 9/16/30
|
6,770,000
|
5,912,276
|
|
Lebanon - 0.1%
|
|||
Lebanese Republic:
|
|||
5.8% 4/14/20 (e)
|
7,337,000
|
861,180
|
|
6.375% 3/9/20 (e)
|
9,133,000
|
1,069,132
|
|
TOTAL LEBANON
|
1,930,312
|
||
Mexico - 1.8%
|
|||
United Mexican States:
|
|||
2.659% 5/24/31
|
5,750,000
|
5,238,250
|
|
3.25% 4/16/30
|
7,105,000
|
6,849,220
|
|
3.5% 2/12/34
|
6,600,000
|
6,138,000
|
|
3.75% 1/11/28
|
6,690,000
|
6,813,765
|
|
4.5% 4/22/29
|
3,880,000
|
4,091,460
|
|
5.75% 10/12/2110
|
9,700,000
|
9,869,750
|
|
6.05% 1/11/40
|
7,695,000
|
8,753,063
|
|
TOTAL MEXICO
|
47,753,508
|
||
Mongolia - 0.2%
|
|||
Mongolia Government 5.125% 4/7/26 (b)
|
4,285,000
|
4,221,196
|
|
Morocco - 0.3%
|
|||
Moroccan Kingdom:
|
|||
2.375% 12/15/27 (b)
|
5,980,000
|
5,441,800
|
|
4% 12/15/50 (b)
|
1,425,000
|
1,138,219
|
|
5.5% 12/11/42 (b)
|
850,000
|
832,363
|
|
TOTAL MOROCCO
|
7,412,382
|
||
Nigeria - 1.3%
|
|||
Republic of Nigeria:
|
|||
6.125% 9/28/28 (b)
|
5,820,000
|
5,330,029
|
|
6.375% 7/12/23 (b)
|
4,390,000
|
4,455,850
|
|
6.5% 11/28/27 (b)
|
2,610,000
|
2,469,713
|
|
7.143% 2/23/30 (b)
|
3,780,000
|
3,534,300
|
|
7.625% 11/21/25 (b)
|
18,215,000
|
18,829,756
|
|
TOTAL NIGERIA
|
34,619,648
|
||
Oman - 1.4%
|
|||
Sultanate of Oman:
|
|||
5.375% 3/8/27 (b)
|
1,305,000
|
1,337,625
|
|
5.625% 1/17/28 (b)
|
15,315,000
|
15,774,450
|
|
6% 8/1/29 (b)
|
5,765,000
|
6,002,806
|
|
6.25% 1/25/31 (b)
|
3,725,000
|
3,929,875
|
|
6.75% 1/17/48 (b)
|
8,600,000
|
8,567,750
|
|
TOTAL OMAN
|
35,612,506
|
||
Pakistan - 0.3%
|
|||
Islamic Republic of Pakistan:
|
|||
6% 4/8/26 (b)
|
7,700,000
|
6,006,847
|
|
6.875% 12/5/27 (b)
|
1,375,000
|
1,074,906
|
|
8.25% 4/15/24 (b)
|
1,300,000
|
1,130,025
|
|
TOTAL PAKISTAN
|
8,211,778
|
||
Panama - 1.1%
|
|||
Panamanian Republic:
|
|||
2.252% 9/29/32
|
4,545,000
|
4,020,337
|
|
3.16% 1/23/30
|
4,805,000
|
4,696,287
|
|
3.298% 1/19/33
|
2,730,000
|
2,618,070
|
|
3.87% 7/23/60
|
3,930,000
|
3,452,996
|
|
3.875% 3/17/28
|
6,045,000
|
6,182,146
|
|
4.5% 5/15/47
|
2,710,000
|
2,699,499
|
|
4.5% 4/16/50
|
5,670,000
|
5,623,223
|
|
TOTAL PANAMA
|
29,292,558
|
||
Paraguay - 0.5%
|
|||
Republic of Paraguay:
|
|||
2.739% 1/29/33 (b)
|
2,485,000
|
2,192,702
|
|
4.95% 4/28/31 (b)
|
5,505,000
|
5,764,079
|
|
5.4% 3/30/50 (b)
|
3,750,000
|
3,771,797
|
|
TOTAL PARAGUAY
|
11,728,578
|
||
Peru - 0.9%
|
|||
Peruvian Republic:
|
|||
2.783% 1/23/31
|
16,370,000
|
15,442,026
|
|
3% 1/15/34
|
4,725,000
|
4,427,325
|
|
3.3% 3/11/41
|
4,220,000
|
3,840,200
|
|
TOTAL PERU
|
23,709,551
|
||
Philippines - 0.1%
|
|||
Philippine Republic 3.556% 9/29/32
|
1,915,000
|
1,965,479
|
|
Qatar - 2.3%
|
|||
State of Qatar:
|
|||
3.75% 4/16/30 (b)
|
20,055,000
|
21,107,888
|
|
4% 3/14/29 (b)
|
5,630,000
|
6,010,025
|
|
4.4% 4/16/50 (b)
|
5,985,000
|
6,710,681
|
|
4.817% 3/14/49 (b)
|
9,275,000
|
10,967,688
|
|
5.103% 4/23/48 (b)
|
6,810,000
|
8,325,225
|
|
9.75% 6/15/30 (b)
|
3,415,000
|
5,020,050
|
|
TOTAL QATAR
|
58,141,557
|
||
Romania - 0.8%
|
|||
Romanian Republic:
|
|||
3% 2/27/27 (b)
|
5,066,000
|
4,914,020
|
|
3% 2/14/31 (b)
|
6,709,000
|
6,214,211
|
|
3.375% 1/28/50 (Reg. S)
|
EUR
|
1,830,000
|
1,619,550
|
3.625% 3/27/32 (b)
|
5,066,000
|
4,793,703
|
|
4.375% 8/22/23 (b)
|
2,395,000
|
2,446,493
|
|
TOTAL ROMANIA
|
19,987,977
|
||
Russia - 0.1%
|
|||
Ministry of Finance of the Russian Federation:
|
|||
4.375% 3/21/29(Reg. S)
|
4,000,000
|
640,000
|
|
5.1% 3/28/35(Reg. S)
|
5,000,000
|
800,000
|
|
TOTAL RUSSIA
|
1,440,000
|
||
Rwanda - 0.2%
|
|||
Rwanda Republic 5.5% 8/9/31 (b)
|
6,380,000
|
5,814,971
|
|
Saudi Arabia - 1.0%
|
|||
Kingdom of Saudi Arabia:
|
|||
2.25% 2/2/33 (b)
|
7,655,000
|
7,023,463
|
|
3.625% 3/4/28 (b)
|
3,515,000
|
3,611,663
|
|
3.75% 1/21/55 (b)
|
2,915,000
|
2,798,400
|
|
4.5% 10/26/46 (b)
|
6,920,000
|
7,266,000
|
|
4.5% 4/22/60 (b)
|
2,545,000
|
2,748,600
|
|
4.625% 10/4/47 (b)
|
3,295,000
|
3,533,888
|
|
TOTAL SAUDI ARABIA
|
26,982,014
|
||
Serbia - 0.2%
|
|||
Republic of Serbia 2.125% 12/1/30 (b)
|
5,870,000
|
4,886,775
|
|
South Africa - 0.1%
|
|||
South African Republic 4.85% 9/30/29
|
2,510,000
|
2,447,721
|
|
Sri Lanka - 0.2%
|
|||
Democratic Socialist Republic of Sri Lanka:
|
|||
6.2% 5/11/27 (b)
|
2,140,000
|
1,011,385
|
|
7.55% 3/28/30 (b)
|
2,630,000
|
1,242,964
|
|
7.85% 3/14/29 (b)
|
4,750,000
|
2,244,898
|
|
TOTAL SRI LANKA
|
4,499,247
|
||
Tunisia - 0.0%
|
|||
Banque Centrale de Tunisie 5.75% 1/30/25 (b)
|
485,000
|
324,950
|
|
Turkey - 2.4%
|
|||
Turkish Republic:
|
|||
4.25% 3/13/25
|
7,465,000
|
6,962,512
|
|
4.25% 4/14/26
|
2,455,000
|
2,201,521
|
|
4.75% 1/26/26
|
10,970,000
|
10,092,400
|
|
4.875% 10/9/26
|
4,595,000
|
4,130,618
|
|
4.875% 4/16/43
|
7,940,000
|
5,624,001
|
|
5.125% 2/17/28
|
5,960,000
|
5,223,568
|
|
5.75% 3/22/24
|
3,245,000
|
3,198,962
|
|
5.75% 5/11/47
|
4,270,000
|
3,176,613
|
|
6% 1/14/41
|
1,850,000
|
1,442,769
|
|
6.125% 10/24/28
|
3,895,000
|
3,536,660
|
|
6.35% 8/10/24
|
3,290,000
|
3,262,858
|
|
6.375% 10/14/25
|
8,255,000
|
8,073,390
|
|
7.25% 12/23/23
|
6,125,000
|
6,242,906
|
|
TOTAL TURKEY
|
63,168,778
|
||
Ukraine - 1.0%
|
|||
Ukraine Government:
|
|||
1.258% 5/31/40 (b)(d)
|
4,080,000
|
1,244,400
|
|
6.876% 5/21/29 (b)
|
1,910,000
|
783,100
|
|
7.253% 3/15/33 (b)
|
6,695,000
|
2,761,688
|
|
7.375% 9/25/32 (b)
|
3,310,000
|
1,365,375
|
|
7.75% 9/1/22 (b)
|
9,062,000
|
5,391,890
|
|
7.75% 9/1/23 (b)
|
12,525,000
|
6,262,500
|
|
7.75% 9/1/24 (b)
|
15,415,000
|
6,589,913
|
|
7.75% 9/1/26 (b)
|
2,195,000
|
921,900
|
|
7.75% 9/1/27 (b)
|
1,360,000
|
571,200
|
|
TOTAL UKRAINE
|
25,891,966
|
||
United Arab Emirates - 1.4%
|
|||
Emirate of Abu Dhabi:
|
|||
1.7% 3/2/31 (b)
|
6,640,000
|
6,050,700
|
|
3.125% 4/16/30 (b)
|
8,570,000
|
8,741,400
|
|
3.125% 9/30/49 (b)
|
10,540,000
|
9,644,100
|
|
3.875% 4/16/50 (b)
|
7,190,000
|
7,504,563
|
|
Emirate of Dubai 3.9% 9/9/50 (Reg. S)
|
6,230,000
|
5,325,871
|
|
TOTAL UNITED ARAB EMIRATES
|
37,266,634
|
||
Uruguay - 0.4%
|
|||
Uruguay Republic 5.1% 6/18/50
|
7,730,000
|
9,149,421
|
|
Uzbekistan - 0.4%
|
|||
Republic of Uzbekistan:
|
|||
3.7% 11/25/30 (b)
|
3,090,000
|
2,750,100
|
|
3.9% 10/19/31 (b)
|
4,325,000
|
3,827,625
|
|
4.75% 2/20/24 (b)
|
2,495,000
|
2,507,475
|
|
TOTAL UZBEKISTAN
|
9,085,200
|
||
Venezuela - 0.2%
|
|||
Venezuelan Republic:
|
|||
9.25% 9/15/27 (e)
|
32,390,000
|
2,915,100
|
|
11.95% 8/5/31 (Reg. S) (e)
|
14,080,000
|
1,267,200
|
|
12.75% 8/23/22 (e)
|
2,705,000
|
243,450
|
|
TOTAL VENEZUELA
|
4,425,750
|
||
Vietnam - 0.8%
|
|||
Vietnamese Socialist Republic 5.5% 3/12/28
|
21,824,983
|
21,706,310
|
|
Zambia - 0.1%
|
|||
Republic of Zambia 8.97% 7/30/27 (b)
|
3,570,000
|
2,515,288
|
|
|
TOTAL GOVERNMENT OBLIGATIONS
(Cost $1,148,706,395)
|
1,003,431,661
|
||
Preferred Securities - 3.9%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
British Virgin Islands - 0.2%
|
|||
CAS Capital No 1 Ltd. 4% (Reg. S) (c)(d)
|
6,970,000
|
6,516,950
|
|
Cayman Islands - 2.3%
|
|||
Banco Do Brasil SA 6.25% (b)(c)(d)
|
6,305,000
|
6,059,105
|
|
Banco Mercantil del Norte SA:
|
|||
6.75% (b)(c)(d)
|
3,940,000
|
3,838,545
|
|
6.875% (b)(c)(d)
|
7,015,000
|
6,969,753
|
|
7.625% (b)(c)(d)
|
2,830,000
|
2,793,387
|
|
Cosan Overseas Ltd. 8.25% (c)
|
19,731,000
|
19,740,866
|
|
DP World Salaam 6% (Reg. S) (c)(d)
|
6,250,000
|
6,466,797
|
|
Itau Unibanco Holding SA 6.125% (b)(c)(d)
|
7,925,000
|
7,875,469
|
|
MAF Global Securities Ltd. 5.5% (Reg. S) (c)(d)
|
6,140,000
|
6,097,020
|
|
TOTAL CAYMAN ISLANDS
|
59,840,942
|
||
Georgia - 0.0%
|
|||
Georgia Bank Joint Stock Co. 11.125% (Reg. S) (c)(d)
|
1,300,000
|
1,300,000
|
|
Ireland - 0.0%
|
|||
Alfa Bond Issuance PLC 6.95% (Reg. S) (c)(d)
|
982,000
|
139,149
|
|
Tinkoff Credit Systems 6% (b)(c)(d)
|
2,960,000
|
296,000
|
|
TOTAL IRELAND
|
435,149
|
||
Mauritius - 0.3%
|
|||
Network i2i Ltd.:
|
|||
3.975% (b)(c)(d)
|
2,640,000
|
2,443,320
|
|
5.65% (b)(c)(d)
|
4,308,000
|
4,283,229
|
|
TOTAL MAURITIUS
|
6,726,549
|
||
Mexico - 0.3%
|
|||
CEMEX S.A.B. de CV 5.125% (b)(c)(d)
|
6,660,000
|
6,535,125
|
|
United Arab Emirates - 0.6%
|
|||
Emirates NBD Bank PJSC 6.125% (Reg. S) (c)(d)
|
6,975,000
|
7,044,750
|
|
NBK Tier 1 Financing 2 Ltd. 4.5% (b)(c)(d)
|
5,155,000
|
5,034,373
|
|
NBK Tier 1 Ltd. 3.625% (b)(c)(d)
|
2,595,000
|
2,424,703
|
|
TOTAL UNITED ARAB EMIRATES
|
14,503,826
|
||
United Kingdom - 0.0%
|
|||
Gazprom PJSC Via Gaz Finance PLC 4.5985% (b)(c)(d)
|
5,160,000
|
1,290,000
|
|
United States of America - 0.2%
|
|||
BBVA Bancomer SA Texas Branch:
|
|||
5.125% 1/18/33 (b)(d)
|
2,725,000
|
2,566,950
|
|
5.35% 11/12/29 (b)(d)
|
2,030,000
|
2,026,574
|
|
TOTAL UNITED STATES OF AMERICA
|
4,593,524
|
||
|
TOTAL PREFERRED SECURITIES
(Cost $111,455,418)
|
101,742,065
|
||
Money Market Funds - 13.6%
|
|||
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund 0.31% (g)
(Cost $351,615,135)
|
351,545,318
|
351,615,627
|
|
|
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $2,855,818,867)
|
2,582,063,191
|
NET OTHER ASSETS (LIABILITIES) - 0.0%
|
838,760
|
NET ASSETS - 100.0%
|
2,582,901,951
|
EUR
|
-
|
European Monetary Unit
|
(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 $1,539,318,631 or 59.6% of net assets.
|
(c)
|
Security is perpetual in nature with no stated maturity date.
|
(d)
|
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
|
(e)
|
Non-income producing - Security is in default.
|
(f)
|
Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.
|
(g)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
Affiliate
|
Value,
beginning
of period ($)
|
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 0.31%
|
338,951,486
|
549,627,507
|
536,963,366
|
101,744
|
-
|
-
|
351,615,627
|
0.7%
|
Total
|
338,951,486
|
549,627,507
|
536,963,366
|
101,744
|
-
|
-
|
351,615,627
|