Nonconvertible Bonds - 41.9%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
Azerbaijan - 0.6%
|
|||
Southern Gas Corridor CJSC 6.875% 3/24/26 (b)
|
10,345,000
|
10,461,381
|
|
State Oil Co. of Azerbaijan Republic 6.95% 3/18/30 (Reg. S)
|
2,715,000
|
2,788,814
|
|
TOTAL AZERBAIJAN
|
13,250,195
|
||
Bahrain - 0.4%
|
|||
The Oil and Gas Holding Co.:
|
|||
7.5% 10/25/27 (b)
|
5,980,000
|
6,136,975
|
|
8.375% 11/7/28 (b)
|
2,065,000
|
2,223,747
|
|
TOTAL BAHRAIN
|
8,360,722
|
||
Brazil - 4.8%
|
|||
Adecoagro SA 6% 9/21/27 (b)
|
5,690,000
|
5,556,641
|
|
Aegea Finance SARL 9% 1/20/31 (b)
|
1,810,000
|
1,908,419
|
|
Azul Secured Finance LLP:
|
|||
11.5% 5/28/29 (b)
|
7,187,629
|
6,096,331
|
|
11.93% 8/28/28 (b)
|
2,970,000
|
3,019,658
|
|
Banco Do Brasil SA 6% 3/18/31 (b)
|
4,185,000
|
4,177,676
|
|
Braskem Netherlands BV:
|
|||
5.875% 1/31/50 (b)
|
2,980,000
|
2,296,865
|
|
7.25% 2/13/33 (b)
|
3,760,000
|
3,619,000
|
|
8.5% 1/12/31 (b)
|
5,940,000
|
6,112,260
|
|
Cosan Luxembourg SA 7.25% 6/27/31 (b)
|
2,990,000
|
3,040,083
|
|
CSN Inova Ventures 6.75% 1/28/28 (b)
|
4,940,000
|
4,796,740
|
|
CSN Resources SA:
|
|||
5.875% 4/8/32 (b)
|
3,945,000
|
3,427,515
|
|
8.875% 12/5/30 (b)
|
1,640,000
|
1,690,348
|
|
Embraer Netherlands Finance BV:
|
|||
5.4% 2/1/27
|
1,950,000
|
1,942,078
|
|
6.95% 1/17/28 (b)
|
2,840,000
|
2,943,838
|
|
7% 7/28/30 (b)
|
4,900,000
|
5,112,905
|
|
Guara Norte SARL 5.198% 6/15/34 (b)
|
4,823,728
|
4,385,070
|
|
MARB BondCo PLC 3.95% 1/29/31 (b)
|
4,085,000
|
3,338,711
|
|
MC Brazil Downstream Trading SARL 7.25% 6/30/31 (b)
|
9,878,308
|
8,905,294
|
|
Minerva Luxembourg SA 8.875% 9/13/33 (b)
|
3,205,000
|
3,372,157
|
|
NBM U.S. Holdings, Inc. 6.625% 8/6/29 (b)
|
6,775,000
|
6,732,656
|
|
Nexa Resources SA 6.5% 1/18/28 (b)
|
5,960,000
|
5,980,488
|
|
Petrorio Luxembourg SARL 6.125% 6/9/26 (b)
|
2,315,000
|
2,269,279
|
|
Raizen Fuels Finance SA 6.95% 3/5/54 (b)
|
3,610,000
|
3,701,279
|
|
Samarco Mineracao SA 9.0494% 6/30/31 pay-in-kind (b)(c)
|
6,890,000
|
6,201,000
|
|
Sitios Latinoamerica S.A.B. de CV 5.375% 4/4/32 (b)
|
3,725,000
|
3,472,398
|
|
Suzano Austria GmbH 3.75% 1/15/31
|
2,435,000
|
2,150,409
|
|
TOTAL BRAZIL
|
106,249,098
|
||
Burkina Faso - 0.2%
|
|||
Endeavour Mining PLC 5% 10/14/26 (b)
|
5,435,000
|
5,125,884
|
|
Cambodia - 0.2%
|
|||
NagaCorp Ltd. 7.95% 7/6/24 (Reg. S)
|
5,630,000
|
5,542,172
|
|
Chile - 2.2%
|
|||
Antofagasta PLC:
|
|||
2.375% 10/14/30 (b)
|
8,065,000
|
6,696,450
|
|
5.625% 5/13/32 (b)
|
2,750,000
|
2,746,563
|
|
Chile Electricity LUX MPC SARL 6.01% 1/20/33 (b)
|
1,820,000
|
1,843,888
|
|
Corporacion Nacional del Cobre de Chile (Codelco):
|
|||
3% 9/30/29 (b)
|
1,225,000
|
1,084,125
|
|
3.15% 1/14/30 (b)
|
3,200,000
|
2,824,582
|
|
3.7% 1/30/50 (b)
|
7,485,000
|
5,148,277
|
|
5.125% 2/2/33 (b)
|
2,890,000
|
2,744,597
|
|
5.95% 1/8/34 (b)
|
3,110,000
|
3,113,888
|
|
6.3% 9/8/53 (b)
|
2,865,000
|
2,846,198
|
|
6.44% 1/26/36 (b)
|
2,005,000
|
2,070,527
|
|
Empresa Nacional de Petroleo 6.15% 5/10/33 (b)
|
1,245,000
|
1,253,948
|
|
Inversiones CMPC SA 3% 4/6/31 (b)
|
2,435,000
|
2,075,077
|
|
Sable International Finance Ltd. 5.75% 9/7/27 (b)
|
5,512,000
|
5,294,772
|
|
VTR Comunicaciones SpA:
|
|||
4.375% 4/15/29 (b)
|
1,715,000
|
1,184,958
|
|
5.125% 1/15/28 (b)
|
7,875,000
|
5,551,875
|
|
VTR Finance BV 6.375% 7/15/28 (b)
|
3,655,000
|
2,055,938
|
|
TOTAL CHILE
|
48,535,663
|
||
China - 2.8%
|
|||
Alibaba Group Holding Ltd. 2.125% 2/9/31
|
3,395,000
|
2,821,720
|
|
ENN Clean Energy International Investment Ltd. 3.375% 5/12/26 (b)
|
6,210,000
|
5,880,094
|
|
ENN Energy Holdings Ltd. 4.625% 5/17/27 (b)
|
6,780,000
|
6,631,688
|
|
JD.com, Inc. 3.375% 1/14/30
|
9,535,000
|
8,682,809
|
|
Lenovo Group Ltd.:
|
|||
3.421% 11/2/30 (b)
|
5,555,000
|
4,871,041
|
|
5.875% 4/24/25 (Reg. S)
|
1,295,000
|
1,295,809
|
|
Meituan:
|
|||
2.125% 10/28/25 (b)
|
3,170,000
|
2,999,613
|
|
3.05% 10/28/30 (b)
|
3,860,000
|
3,306,746
|
|
Prosus NV:
|
|||
2.031% 8/3/32 (Reg. S)
|
EUR
|
2,395,000
|
2,066,353
|
3.061% 7/13/31 (b)
|
1,925,000
|
1,554,438
|
|
3.68% 1/21/30 (b)
|
4,225,000
|
3,693,706
|
|
4.027% 8/3/50 (b)
|
6,840,000
|
4,381,875
|
|
4.193% 1/19/32 (b)
|
2,090,000
|
1,810,463
|
|
Sinopec Group Overseas Development Ltd. 2.7% 5/13/30 (b)
|
2,555,000
|
2,302,029
|
|
Tencent Holdings Ltd.:
|
|||
1.81% 1/26/26 (b)
|
2,715,000
|
2,556,342
|
|
2.39% 6/3/30 (b)
|
5,625,000
|
4,804,538
|
|
3.975% 4/11/29 (b)
|
2,040,000
|
1,938,071
|
|
TOTAL CHINA
|
61,597,335
|
||
Colombia - 2.1%
|
|||
Aris Mining Corp. 6.875% 8/9/26 (b)
|
6,975,000
|
6,294,938
|
|
Canacol Energy Ltd. 5.75% 11/24/28 (b)
|
2,630,000
|
1,167,063
|
|
Colombia Telecomunicaciones SA 4.95% 7/17/30 (b)
|
2,420,000
|
1,678,119
|
|
Ecopetrol SA:
|
|||
4.625% 11/2/31
|
4,030,000
|
3,328,579
|
|
8.875% 1/13/33
|
9,675,000
|
10,163,491
|
|
EnfraGen Energia Sur SA 5.375% 12/30/30 (b)
|
10,800,000
|
8,964,000
|
|
GeoPark Ltd. 5.5% 1/17/27 (b)
|
5,105,000
|
4,632,788
|
|
Gran Tierra Energy, Inc. 9.5% 10/15/29 (b)
|
2,755,000
|
2,563,018
|
|
Oleoducto Central SA 4% 7/14/27 (b)
|
4,870,000
|
4,542,797
|
|
Termocandelaria Power Ltd. 7.875% 1/30/29 (b)
|
4,599,000
|
4,581,754
|
|
TOTAL COLOMBIA
|
47,916,547
|
||
Costa Rica - 0.2%
|
|||
Liberty Costa Rica SR SF 10.875% 1/15/31 (b)
|
4,245,000
|
4,465,209
|
|
Czech Republic - 0.2%
|
|||
Energo-Pro A/S 8.5% 2/4/27 (b)
|
4,800,000
|
4,861,500
|
|
Egypt - 0.3%
|
|||
Energean PLC 6.5% 4/30/27 (b)
|
5,960,000
|
5,611,713
|
|
Ghana - 1.2%
|
|||
Kosmos Energy Ltd. 7.125% 4/4/26 (b)
|
15,770,000
|
15,518,666
|
|
Tullow Oil PLC:
|
|||
7% 3/1/25 (b)
|
1,340,000
|
1,299,381
|
|
10.25% 5/15/26 (b)
|
9,730,000
|
9,245,446
|
|
TOTAL GHANA
|
26,063,493
|
||
Guatemala - 1.0%
|
|||
Central American Bottling Corp. 5.25% 4/27/29 (b)
|
5,930,000
|
5,625,435
|
|
CT Trust 5.125% 2/3/32 (b)
|
7,665,000
|
6,750,182
|
|
Investment Energy Resources Ltd. 6.25% 4/26/29 (b)
|
5,490,000
|
5,277,263
|
|
Millicom International Cellular SA:
|
|||
4.5% 4/27/31 (b)
|
3,485,000
|
2,962,250
|
|
7.375% 4/2/32 (b)
|
2,650,000
|
2,652,650
|
|
TOTAL GUATEMALA
|
23,267,780
|
||
Hungary - 0.2%
|
|||
Magyar Export-Import Bank 6.125% 12/4/27 (b)
|
1,900,000
|
1,911,875
|
|
OTP Bank PLC 8.75% 5/15/33 (Reg. S) (c)
|
2,150,000
|
2,226,379
|
|
TOTAL HUNGARY
|
4,138,254
|
||
India - 0.6%
|
|||
CA Magnum Holdings 5.375% 10/31/26 (b)
|
6,630,000
|
6,364,800
|
|
Shriram Finance Ltd.:
|
|||
4.15% 7/18/25 (b)
|
5,420,000
|
5,247,238
|
|
6.625% 4/22/27 (b)
|
2,265,000
|
2,269,757
|
|
TOTAL INDIA
|
13,881,795
|
||
Indonesia - 1.8%
|
|||
Medco Laurel Tree PTE Ltd. 6.95% 11/12/28 (b)
|
6,895,000
|
6,679,118
|
|
Medco Maple Tree Pte. Ltd. 8.96% 4/27/29 (b)
|
5,425,000
|
5,645,391
|
|
Medco Oak Tree Pte Ltd. 7.375% 5/14/26 (b)
|
1,225,000
|
1,226,148
|
|
PT Adaro Indonesia 4.25% 10/31/24 (b)
|
7,030,000
|
6,922,353
|
|
PT Freeport Indonesia:
|
|||
4.763% 4/14/27 (b)
|
2,445,000
|
2,385,098
|
|
5.315% 4/14/32 (b)
|
4,145,000
|
4,046,556
|
|
6.2% 4/14/52 (b)
|
2,830,000
|
2,804,353
|
|
PT Indonesia Asahan Aluminium 5.45% 5/15/30 (b)
|
6,710,000
|
6,617,301
|
|
PT Pertamina Geothermal Energy 5.15% 4/27/28 (b)
|
2,020,000
|
2,011,163
|
|
PT Pertamina Persero 4.175% 1/21/50 (b)
|
2,465,000
|
1,955,053
|
|
TOTAL INDONESIA
|
40,292,534
|
||
Israel - 1.2%
|
|||
Energean Israel Finance Ltd. 4.875% 3/30/26 (Reg. S) (b)
|
7,455,000
|
7,063,613
|
|
Israel Electric Corp. Ltd. 3.75% 2/22/32 (Reg. S) (b)
|
6,545,000
|
5,522,619
|
|
Leviathan Bond Ltd. 6.125% 6/30/25 (Reg. S) (b)
|
5,375,000
|
5,276,960
|
|
Teva Pharmaceutical Finance Netherlands III BV:
|
|||
4.75% 5/9/27
|
3,015,000
|
2,918,651
|
|
7.875% 9/15/29
|
5,455,000
|
5,855,833
|
|
TOTAL ISRAEL
|
26,637,676
|
||
Kazakhstan - 0.5%
|
|||
KazMunaiGaz National Co.:
|
|||
3.5% 4/14/33 (b)
|
3,900,000
|
3,244,313
|
|
5.375% 4/24/30 (b)
|
715,000
|
701,817
|
|
5.75% 4/19/47 (b)
|
1,965,000
|
1,707,094
|
|
Nostrum Oil & Gas Finance BV 14% 6/30/26 pay-in-kind (b)(c)
|
140,566
|
30,177
|
|
Tengizchevroil Finance Co. International Ltd. 3.25% 8/15/30 (b)
|
7,235,000
|
5,880,698
|
|
TOTAL KAZAKHSTAN
|
11,564,099
|
||
Korea (South) - 0.2%
|
|||
POSCO:
|
|||
5.75% 1/17/28 (b)
|
3,070,000
|
3,115,553
|
|
5.875% 1/17/33 (b)
|
1,820,000
|
1,889,535
|
|
TOTAL KOREA (SOUTH)
|
5,005,088
|
||
Kuwait - 0.4%
|
|||
MEGlobal BV:
|
|||
2.625% 4/28/28 (b)
|
3,085,000
|
2,751,434
|
|
4.25% 11/3/26 (b)
|
2,525,000
|
2,425,578
|
|
MEGlobal Canada, Inc. 5% 5/18/25 (b)
|
3,905,000
|
3,857,320
|
|
TOTAL KUWAIT
|
9,034,332
|
||
Malaysia - 1.0%
|
|||
GENM Capital Labuan Ltd. 3.882% 4/19/31 (b)
|
6,685,000
|
5,857,731
|
|
MISC Capital Two (Labuan) Ltd.:
|
|||
3.625% 4/6/25 (b)
|
3,845,000
|
3,766,898
|
|
3.75% 4/6/27 (b)
|
6,135,000
|
5,855,091
|
|
Petronas Capital Ltd.:
|
|||
3.404% 4/28/61 (b)
|
5,195,000
|
3,572,757
|
|
3.5% 4/21/30 (b)
|
2,620,000
|
2,405,998
|
|
TOTAL MALAYSIA
|
21,458,475
|
||
Mauritius - 0.2%
|
|||
AXIAN Telecom 7.375% 2/16/27 (b)
|
5,710,000
|
5,541,841
|
|
Mexico - 5.3%
|
|||
Bimbo Bakeries U.S.A., Inc.:
|
|||
5.375% 1/9/36 (b)
|
1,920,000
|
1,892,794
|
|
6.4% 1/15/34 (b)
|
3,935,000
|
4,198,566
|
|
Braskem Idesa SAPI:
|
|||
6.99% 2/20/32 (b)
|
2,045,000
|
1,577,922
|
|
7.45% 11/15/29 (b)
|
6,600,000
|
5,424,375
|
|
Buffalo Energy Mexico Holdings 7.875% 2/15/39 (b)
|
3,200,000
|
3,442,496
|
|
FEL Energy VI SARL 5.75% 12/1/40 (b)
|
2,976,362
|
2,727,092
|
|
Fresnillo PLC 4.25% 10/2/50 (b)
|
3,940,000
|
2,965,717
|
|
Metalsa SA de CV 3.75% 5/4/31 (b)
|
5,150,000
|
4,161,844
|
|
Orbia Advance Corp. S.A.B. de CV:
|
|||
1.875% 5/11/26 (b)
|
6,915,000
|
6,316,092
|
|
2.875% 5/11/31 (b)
|
3,575,000
|
2,962,781
|
|
Petroleos Mexicanos:
|
|||
5.95% 1/28/31
|
3,135,000
|
2,512,389
|
|
6.5% 6/2/41
|
2,085,000
|
1,416,236
|
|
6.625% 6/15/35
|
21,915,000
|
16,633,485
|
|
6.7% 2/16/32
|
12,107,000
|
10,079,078
|
|
6.75% 9/21/47
|
8,752,000
|
5,785,072
|
|
6.875% 8/4/26
|
5,035,000
|
4,885,209
|
|
6.95% 1/28/60
|
5,890,000
|
3,893,585
|
|
7.69% 1/23/50
|
41,444,000
|
29,778,343
|
|
TV Azteca SA de CV 8.25% (Reg. S) (d)
|
19,500,000
|
7,329,660
|
|
TOTAL MEXICO
|
117,982,736
|
||
Morocco - 0.6%
|
|||
OCP SA:
|
|||
3.75% 6/23/31 (b)
|
3,980,000
|
3,368,393
|
|
5.625% 4/25/24 (b)
|
7,250,000
|
7,239,270
|
|
6.875% 4/25/44 (b)
|
4,080,000
|
3,840,422
|
|
TOTAL MOROCCO
|
14,448,085
|
||
Nigeria - 0.5%
|
|||
Access Bank PLC 6.125% 9/21/26 (b)
|
4,717,000
|
4,365,206
|
|
IHS Holding Ltd. 5.625% 11/29/26 (b)
|
4,485,000
|
4,176,656
|
|
IHS Netherlands Holdco BV 8% 9/18/27 (b)
|
3,400,000
|
3,251,250
|
|
TOTAL NIGERIA
|
11,793,112
|
||
Oman - 0.2%
|
|||
Lamar Funding Ltd. 3.958% 5/7/25 (b)
|
5,185,000
|
5,068,338
|
|
Panama - 0.5%
|
|||
Aeropuerto Internacional de Tocumen SA 5.125% 8/11/61 (b)
|
2,205,000
|
1,605,516
|
|
SPARC EM SPC 0% 12/5/22 (b)
|
132,705
|
132,533
|
|
Telecomunicaciones Digitales SA 4.5% 1/30/30 (b)
|
10,120,000
|
9,025,775
|
|
TOTAL PANAMA
|
10,763,824
|
||
Paraguay - 0.3%
|
|||
Telefonica Celular del Paraguay SA 5.875% 4/15/27 (b)
|
6,440,000
|
6,281,013
|
|
Peru - 0.5%
|
|||
Auna SA 10% 12/15/29 (b)
|
2,839,200
|
2,947,090
|
|
Camposol SA 6% 2/3/27 (b)
|
3,258,000
|
2,456,736
|
|
Compania de Minas Buenaventura SAA 5.5% 7/23/26 (b)
|
2,650,000
|
2,549,797
|
|
Volcan Compania Minera SAA 4.375% 2/11/26 (b)
|
3,580,000
|
2,209,531
|
|
TOTAL PERU
|
10,163,154
|
||
Puerto Rico - 0.5%
|
|||
C&W Senior Finance Ltd. 6.875% 9/15/27 (b)
|
6,160,000
|
5,836,600
|
|
LCPR Senior Secured Financing DAC 5.125% 7/15/29 (b)
|
7,080,000
|
5,929,313
|
|
TOTAL PUERTO RICO
|
11,765,913
|
||
Qatar - 1.8%
|
|||
QatarEnergy:
|
|||
1.375% 9/12/26 (b)
|
8,825,000
|
8,091,422
|
|
2.25% 7/12/31 (b)
|
13,585,000
|
11,385,928
|
|
3.125% 7/12/41 (b)
|
13,455,000
|
10,040,256
|
|
3.3% 7/12/51 (b)
|
10,035,000
|
7,087,219
|
|
Qtel International Finance Ltd. 2.625% 4/8/31 (b)
|
4,265,000
|
3,666,621
|
|
TOTAL QATAR
|
40,271,446
|
||
Russia - 0.0%
|
|||
TMK Capital SA 4.3% (Reg. S) (d)(e)(f)
|
4,020,000
|
603,000
|
|
Saudi Arabia - 3.7%
|
|||
EIG Pearl Holdings SARL 3.545% 8/31/36 (b)
|
14,270,000
|
12,187,472
|
|
GACI First Investment 5.25% 10/13/32 (Reg. S)
|
2,155,000
|
2,177,897
|
|
Greensaif Pipelines Bidco SARL:
|
|||
6.129% 2/23/38 (b)
|
10,050,000
|
10,222,860
|
|
6.51% 2/23/42 (b)
|
3,075,000
|
3,197,039
|
|
SA Global Sukuk Ltd. 1.602% 6/17/26 (b)
|
8,515,000
|
7,887,019
|
|
Saudi Arabian Oil Co.:
|
|||
2.25% 11/24/30 (b)
|
11,220,000
|
9,459,863
|
|
3.25% 11/24/50 (b)
|
8,735,000
|
5,920,146
|
|
3.5% 4/16/29 (b)
|
14,040,000
|
13,083,174
|
|
3.5% 11/24/70 (b)
|
3,405,000
|
2,223,891
|
|
4.25% 4/16/39 (b)
|
15,565,000
|
13,624,239
|
|
4.375% 4/16/49 (b)
|
2,375,000
|
1,971,992
|
|
TOTAL SAUDI ARABIA
|
81,955,592
|
||
South Africa - 1.8%
|
|||
Eskom Holdings SOC Ltd.:
|
|||
6.35% 8/10/28 (b)
|
6,080,000
|
5,821,600
|
|
7.125% 2/11/25 (b)
|
7,475,000
|
7,441,363
|
|
8.45% 8/10/28 (b)
|
2,445,000
|
2,432,775
|
|
Liquid Telecommunications Financing PLC 5.5% 9/4/26 (b)
|
8,950,000
|
5,191,000
|
|
MTN (Mauritius) Investments Ltd. 6.5% 10/13/26 (b)
|
3,630,000
|
3,658,359
|
|
Sasol Financing U.S.A. LLC:
|
|||
4.375% 9/18/26
|
9,305,000
|
8,746,700
|
|
5.5% 3/18/31
|
2,455,000
|
2,068,212
|
|
Stillwater Mining Co. 4% 11/16/26 (b)
|
4,430,000
|
3,959,313
|
|
TOTAL SOUTH AFRICA
|
39,319,322
|
||
Tanzania - 0.2%
|
|||
HTA Group Ltd. 7% 12/18/25 (b)
|
3,800,000
|
3,792,875
|
|
Thailand - 0.1%
|
|||
PTT Treasury Center Co. Ltd. 3.7% 7/16/70 (b)
|
2,635,000
|
1,855,989
|
|
Turkey - 0.3%
|
|||
Aydem Yenilenebilir Enerji A/S 7.75% 2/2/27 (b)
|
2,625,000
|
2,520,000
|
|
Turkiye Sise ve Cam Fabrikalari A/S 6.95% 3/14/26 (b)
|
5,110,000
|
5,129,571
|
|
TOTAL TURKEY
|
7,649,571
|
||
Ukraine - 0.4%
|
|||
Metinvest BV 8.5% 4/23/26 (Reg. S)
|
1,825,000
|
1,460,000
|
|
NAK Naftogaz Ukraine:
|
|||
7.625% 11/8/28 (b)
|
2,455,000
|
1,485,275
|
|
7.65% (Reg. S) (d)
|
6,445,750
|
5,253,286
|
|
TOTAL UKRAINE
|
8,198,561
|
||
United Arab Emirates - 2.3%
|
|||
Abu Dhabi National Energy Co. PJSC:
|
|||
4% 10/3/49 (b)
|
4,850,000
|
3,940,625
|
|
4.696% 4/24/33 (b)
|
3,455,000
|
3,377,263
|
|
4.875% 4/23/30 (b)
|
2,105,000
|
2,108,289
|
|
DP World Crescent Ltd. 3.7495% 1/30/30 (b)
|
4,335,000
|
4,023,422
|
|
DP World Ltd. 5.625% 9/25/48 (b)
|
4,405,000
|
4,199,683
|
|
Galaxy Pipeline Assets BidCo Ltd.:
|
|||
2.16% 3/31/34 (b)
|
3,423,771
|
2,946,583
|
|
2.625% 3/31/36 (b)
|
11,375,000
|
9,281,289
|
|
GEMS MENASA Cayman Ltd./GEMS Education Delaware LLC 7.125% 7/31/26 (b)
|
6,415,000
|
6,420,389
|
|
MDGH GMTN RSC Ltd.:
|
|||
2.875% 11/7/29 (b)
|
6,010,000
|
5,425,903
|
|
4.375% 11/22/33 (b)
|
3,045,000
|
2,896,556
|
|
5.084% 5/22/53 (b)
|
3,925,000
|
3,701,609
|
|
5.5% 4/28/33 (b)
|
3,110,000
|
3,216,642
|
|
TOTAL UNITED ARAB EMIRATES
|
51,538,253
|
||
United Kingdom - 0.1%
|
|||
Celtic Resources Holdings DAC 4.125% (b)(d)(f)
|
5,060,000
|
725,402
|
|
Standard Chartered Bank 18.4607% 8/11/32 (b)(f)
|
KES
|
179,450,000
|
1,352,764
|
TOTAL UNITED KINGDOM
|
2,078,166
|
||
United States of America - 0.2%
|
|||
Sagicor Financial Co. Ltd. 5.3% 5/13/28 (b)
|
3,745,000
|
3,568,611
|
|
Venezuela - 0.1%
|
|||
Petroleos de Venezuela SA:
|
|||
5.375% (d)
|
5,000,000
|
457,408
|
|
5.5% (d)
|
330,000
|
29,700
|
|
6% (b)(d)
|
12,130,000
|
1,117,072
|
|
6% (b)(d)
|
9,685,000
|
876,493
|
|
9.75% (b)(d)
|
1,315,000
|
144,650
|
|
12.75% (b)(d)
|
1,310,000
|
159,165
|
|
TOTAL VENEZUELA
|
2,784,488
|
||
Vietnam - 0.2%
|
|||
Mong Duong Finance Holdings BV 5.125% 5/7/29 (b)
|
4,851,247
|
4,632,941
|
|
|
TOTAL NONCONVERTIBLE BONDS
(Cost $1,041,903,667)
|
934,916,395
|
||
Government Obligations - 50.1%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
Angola - 0.8%
|
|||
Angola Republic:
|
|||
8.25% 5/9/28 (b)
|
6,225,000
|
5,997,398
|
|
8.75% 4/14/32 (b)
|
2,770,000
|
2,548,400
|
|
9.375% 5/8/48 (b)
|
2,395,000
|
2,066,436
|
|
9.5% 11/12/25 (b)
|
7,880,000
|
8,025,288
|
|
TOTAL ANGOLA
|
18,637,522
|
||
Argentina - 3.2%
|
|||
Argentine Republic:
|
|||
0.75% 7/9/30 (g)
|
57,077,307
|
29,626,690
|
|
1% 7/9/29
|
8,355,564
|
4,454,560
|
|
3.5% 7/9/41 (g)
|
11,525,000
|
4,633,050
|
|
3.625% 7/9/35 (g)
|
35,457,842
|
14,679,547
|
|
4.25% 1/9/38 (g)
|
17,606,530
|
8,151,823
|
|
Bonos para la Reconstruccion de una Argentina Libre 0% 6/30/25
|
3,575,000
|
3,161,909
|
|
Provincia de Cordoba:
|
|||
6.875% 12/10/25 (b)
|
1,716,510
|
1,502,513
|
|
6.99% 6/1/27 (b)
|
5,681,546
|
4,355,928
|
|
TOTAL ARGENTINA
|
70,566,020
|
||
Armenia - 0.1%
|
|||
Republic of Armenia 3.6% 2/2/31 (b)
|
2,705,000
|
2,191,050
|
|
Bahamas (Nassau) - 0.1%
|
|||
Bahamian Republic 6% 11/21/28 (b)
|
3,180,000
|
2,845,106
|
|
Bahrain - 0.1%
|
|||
Bahrain Kingdom:
|
|||
5.625% 5/18/34 (b)
|
1,330,000
|
1,199,909
|
|
7.5% 2/12/36 (b)
|
1,925,000
|
1,974,328
|
|
TOTAL BAHRAIN
|
3,174,237
|
||
Barbados - 0.2%
|
|||
Barbados Government 6.5% 10/1/29 (b)
|
3,680,000
|
3,489,100
|
|
Benin - 0.3%
|
|||
Republic of Benin:
|
|||
4.875% 1/19/32 (b)
|
EUR
|
3,655,000
|
3,322,143
|
7.96% 2/13/38 (b)
|
2,910,000
|
2,834,522
|
|
TOTAL BENIN
|
6,156,665
|
||
Bermuda - 0.6%
|
|||
Bermuda Government:
|
|||
2.375% 8/20/30 (b)
|
520,000
|
435,825
|
|
3.375% 8/20/50 (b)
|
1,825,000
|
1,226,172
|
|
3.717% 1/25/27 (b)
|
7,540,000
|
7,198,344
|
|
4.75% 2/15/29 (b)
|
4,160,000
|
4,026,714
|
|
5% 7/15/32 (b)
|
1,590,000
|
1,534,847
|
|
TOTAL BERMUDA
|
14,421,902
|
||
Brazil - 1.4%
|
|||
Brazilian Federative Republic:
|
|||
3.875% 6/12/30
|
6,795,000
|
6,125,693
|
|
6% 10/20/33
|
3,380,000
|
3,344,510
|
|
7.125% 1/20/37
|
6,420,000
|
6,872,272
|
|
7.125% 5/13/54
|
835,000
|
841,680
|
|
8.25% 1/20/34
|
12,015,000
|
13,799,228
|
|
TOTAL BRAZIL
|
30,983,383
|
||
Chile - 1.3%
|
|||
Chilean Republic:
|
|||
2.45% 1/31/31
|
13,005,000
|
11,131,467
|
|
2.75% 1/31/27
|
2,835,000
|
2,660,470
|
|
3.1% 1/22/61
|
7,010,000
|
4,420,681
|
|
3.5% 1/31/34
|
2,180,000
|
1,912,139
|
|
4% 1/31/52
|
1,910,000
|
1,509,497
|
|
4.34% 3/7/42
|
2,815,000
|
2,456,967
|
|
5.33% 1/5/54
|
4,970,000
|
4,785,178
|
|
TOTAL CHILE
|
28,876,399
|
||
Colombia - 1.9%
|
|||
Colombian Republic:
|
|||
3% 1/30/30
|
8,745,000
|
7,236,488
|
|
3.125% 4/15/31
|
6,095,000
|
4,860,763
|
|
3.25% 4/22/32
|
3,005,000
|
2,337,890
|
|
4.125% 5/15/51
|
2,555,000
|
1,587,933
|
|
5% 6/15/45
|
9,880,000
|
7,148,180
|
|
5.2% 5/15/49
|
7,200,000
|
5,274,000
|
|
6.125% 1/18/41
|
440,000
|
379,500
|
|
7.375% 9/18/37
|
1,575,000
|
1,563,188
|
|
7.5% 2/2/34
|
2,055,000
|
2,097,128
|
|
8% 4/20/33
|
1,530,000
|
1,615,680
|
|
8% 11/14/35
|
3,060,000
|
3,213,000
|
|
8.75% 11/14/53
|
2,895,000
|
3,139,628
|
|
Ecopetrol SA 8.375% 1/19/36
|
2,905,000
|
2,926,788
|
|
TOTAL COLOMBIA
|
43,380,166
|
||
Costa Rica - 0.5%
|
|||
Costa Rican Republic:
|
|||
5.625% 4/30/43 (b)
|
2,810,000
|
2,537,781
|
|
6.125% 2/19/31 (b)
|
1,370,000
|
1,386,269
|
|
6.55% 4/3/34 (b)
|
3,715,000
|
3,845,025
|
|
7% 4/4/44 (b)
|
585,000
|
603,720
|
|
7.3% 11/13/54 (b)
|
3,030,000
|
3,220,322
|
|
TOTAL COSTA RICA
|
11,593,117
|
||
Dominican Republic - 2.2%
|
|||
Dominican Republic:
|
|||
4.5% 1/30/30 (b)
|
2,700,000
|
2,452,950
|
|
4.875% 9/23/32 (b)
|
13,500,000
|
12,103,594
|
|
5.875% 1/30/60 (b)
|
3,120,000
|
2,652,975
|
|
5.95% 1/25/27 (b)
|
6,410,000
|
6,371,540
|
|
6% 7/19/28 (b)
|
4,120,000
|
4,099,400
|
|
6.4% 6/5/49 (b)
|
1,825,000
|
1,714,359
|
|
6.5% 2/15/48 (b)
|
2,285,000
|
2,172,892
|
|
6.85% 1/27/45 (b)
|
3,435,000
|
3,395,498
|
|
6.875% 1/29/26 (b)
|
7,455,000
|
7,525,823
|
|
7.05% 2/3/31 (b)
|
2,235,000
|
2,314,622
|
|
7.45% 4/30/44 (b)
|
3,655,000
|
3,848,030
|
|
TOTAL DOMINICAN REPUBLIC
|
48,651,683
|
||
Ecuador - 0.5%
|
|||
Ecuador Republic:
|
|||
3.5% 7/31/35 (b)(g)
|
7,865,000
|
4,121,260
|
|
6% 7/31/30 (b)(g)
|
10,420,000
|
7,054,340
|
|
TOTAL ECUADOR
|
11,175,600
|
||
Egypt - 1.5%
|
|||
Arab Republic of Egypt:
|
|||
, yield at date of purchase 25.8506% to 31.6253% 12/10/24 to 3/18/25
|
EGP
|
308,800,000
|
5,301,442
|
7.5% 1/31/27 (b)
|
7,635,000
|
7,353,459
|
|
7.5% 2/16/61 (b)
|
5,250,000
|
3,766,875
|
|
7.6003% 3/1/29 (b)
|
2,720,000
|
2,510,900
|
|
7.903% 2/21/48 (b)
|
4,875,000
|
3,701,953
|
|
8.5% 1/31/47 (b)
|
7,395,000
|
5,869,781
|
|
8.7002% 3/1/49 (b)
|
4,945,000
|
4,000,814
|
|
TOTAL EGYPT
|
32,505,224
|
||
El Salvador - 0.2%
|
|||
El Salvador Republic:
|
|||
6.375% 1/18/27 (b)
|
810,000
|
704,700
|
|
7.1246% 1/20/50 (b)
|
3,320,000
|
2,288,725
|
|
7.625% 2/1/41 (b)
|
935,000
|
684,420
|
|
7.65% 6/15/35 (b)
|
1,550,000
|
1,180,325
|
|
TOTAL EL SALVADOR
|
4,858,170
|
||
Gabon - 0.3%
|
|||
Gabonese Republic:
|
|||
6.625% 2/6/31 (b)
|
4,270,000
|
3,640,175
|
|
7% 11/24/31 (b)
|
4,080,000
|
3,474,375
|
|
TOTAL GABON
|
7,114,550
|
||
Georgia - 0.2%
|
|||
Georgia Republic 2.75% 4/22/26 (b)
|
4,090,000
|
3,804,978
|
|
Ghana - 0.3%
|
|||
Ghana Republic:
|
|||
7.75% (b)(d)
|
3,490,000
|
1,808,256
|
|
8.627% (b)(d)
|
2,150,000
|
1,081,719
|
|
10.75% 10/14/30 (b)
|
4,745,000
|
3,231,048
|
|
TOTAL GHANA
|
6,121,023
|
||
Guatemala - 0.3%
|
|||
Guatemalan Republic:
|
|||
4.9% 6/1/30 (b)
|
2,510,000
|
2,395,481
|
|
5.375% 4/24/32 (b)
|
1,340,000
|
1,287,474
|
|
6.125% 6/1/50 (b)
|
2,620,000
|
2,427,430
|
|
6.6% 6/13/36 (b)
|
1,465,000
|
1,496,589
|
|
TOTAL GUATEMALA
|
7,606,974
|
||
Honduras - 0.1%
|
|||
Republic of Honduras 6.25% 1/19/27 (b)
|
1,065,000
|
1,028,058
|
|
Hungary - 0.8%
|
|||
Hungarian Republic:
|
|||
2.125% 9/22/31 (b)
|
2,190,000
|
1,737,743
|
|
3.125% 9/21/51 (b)
|
3,370,000
|
2,133,631
|
|
5.25% 6/16/29 (b)
|
3,080,000
|
3,049,200
|
|
5.5% 6/16/34 (b)
|
7,105,000
|
6,989,544
|
|
6.125% 5/22/28 (b)
|
2,280,000
|
2,337,713
|
|
6.75% 9/25/52 (b)
|
1,450,000
|
1,557,416
|
|
TOTAL HUNGARY
|
17,805,247
|
||
Indonesia - 2.3%
|
|||
Indonesian Republic:
|
|||
3.2% 9/23/61
|
3,310,000
|
2,197,013
|
|
4.35% 1/11/48
|
4,095,000
|
3,584,405
|
|
5.125% 1/15/45 (b)
|
9,585,000
|
9,490,204
|
|
5.25% 1/17/42 (b)
|
3,965,000
|
3,974,913
|
|
5.95% 1/8/46 (b)
|
4,505,000
|
4,858,361
|
|
6.625% 2/17/37 (b)
|
821,000
|
927,217
|
|
6.75% 1/15/44 (b)
|
3,710,000
|
4,351,134
|
|
7.75% 1/17/38 (b)
|
8,865,000
|
11,030,470
|
|
8.5% 10/12/35 (b)
|
9,215,000
|
11,800,959
|
|
TOTAL INDONESIA
|
52,214,676
|
||
Israel - 0.3%
|
|||
Israeli State:
|
|||
3.375% 1/15/50
|
6,775,000
|
4,547,719
|
|
5.75% 3/12/54
|
3,175,000
|
3,039,174
|
|
TOTAL ISRAEL
|
7,586,893
|
||
Ivory Coast - 0.8%
|
|||
Ivory Coast:
|
|||
5.875% 10/17/31 (b)
|
EUR
|
9,150,000
|
9,106,438
|
6.375% 3/3/28 (b)
|
5,505,000
|
5,432,747
|
|
8.25% 1/30/37 (b)
|
2,990,000
|
2,993,738
|
|
TOTAL IVORY COAST
|
17,532,923
|
||
Jamaica - 0.1%
|
|||
Jamaican Government 7.875% 7/28/45
|
1,995,000
|
2,347,242
|
|
Jordan - 0.5%
|
|||
Jordanian Kingdom:
|
|||
4.95% 7/7/25 (b)
|
6,605,000
|
6,410,978
|
|
7.375% 10/10/47 (b)
|
1,240,000
|
1,094,688
|
|
7.5% 1/13/29 (b)
|
1,060,000
|
1,058,344
|
|
7.75% 1/15/28 (b)
|
3,350,000
|
3,398,156
|
|
TOTAL JORDAN
|
11,962,166
|
||
Kenya - 0.4%
|
|||
Republic of Kenya:
|
|||
6.3% 1/23/34 (b)
|
1,785,000
|
1,459,238
|
|
7% 5/22/27 (b)
|
2,635,000
|
2,569,125
|
|
7.25% 2/28/28 (b)
|
1,010,000
|
964,156
|
|
8% 5/22/32 (b)
|
1,210,000
|
1,133,997
|
|
9.75% 2/16/31 (b)
|
3,480,000
|
3,558,300
|
|
TOTAL KENYA
|
9,684,816
|
||
Lebanon - 0.1%
|
|||
Lebanese Republic:
|
|||
5.8% (d)
|
7,337,000
|
436,552
|
|
6.375% (d)
|
9,133,000
|
598,613
|
|
TOTAL LEBANON
|
1,035,165
|
||
Mexico - 2.0%
|
|||
United Mexican States:
|
|||
3.5% 2/12/34
|
6,600,000
|
5,502,750
|
|
3.75% 4/19/71
|
9,095,000
|
5,806,589
|
|
4.875% 5/19/33
|
3,625,000
|
3,436,953
|
|
5.75% 10/12/2110
|
9,700,000
|
8,493,563
|
|
6% 5/7/36
|
6,000,000
|
6,012,000
|
|
6.05% 1/11/40
|
7,695,000
|
7,620,455
|
|
6.338% 5/4/53
|
3,010,000
|
2,977,078
|
|
6.35% 2/9/35
|
4,645,000
|
4,798,866
|
|
TOTAL MEXICO
|
44,648,254
|
||
Mongolia - 0.0%
|
|||
Mongolia Government 7.875% 6/5/29 (b)
|
840,000
|
866,342
|
|
Montenegro - 0.2%
|
|||
Republic of Montenegro 7.25% 3/12/31 (b)
|
3,830,000
|
3,891,701
|
|
Morocco - 0.2%
|
|||
Moroccan Kingdom 6.5% 9/8/33 (b)
|
4,925,000
|
5,085,457
|
|
Nigeria - 1.2%
|
|||
Republic of Nigeria:
|
|||
, yield at date of purchase 26.7874% 3/6/25
|
NGN
|
6,029,985,000
|
3,809,010
|
6.125% 9/28/28 (b)
|
9,170,000
|
8,298,850
|
|
6.5% 11/28/27 (b)
|
2,250,000
|
2,115,703
|
|
7.143% 2/23/30 (b)
|
3,780,000
|
3,432,713
|
|
7.625% 11/21/25 (b)
|
5,150,000
|
5,135,516
|
|
7.696% 2/23/38 (b)
|
2,930,000
|
2,408,094
|
|
7.875% 2/16/32 (b)
|
1,590,000
|
1,440,441
|
|
TOTAL NIGERIA
|
26,640,327
|
||
Oman - 1.5%
|
|||
Sultanate of Oman:
|
|||
5.375% 3/8/27 (b)
|
1,305,000
|
1,298,475
|
|
5.625% 1/17/28 (b)
|
9,940,000
|
9,985,923
|
|
6% 8/1/29 (b)
|
5,765,000
|
5,892,911
|
|
6.25% 1/25/31 (b)
|
3,725,000
|
3,856,539
|
|
6.5% 3/8/47 (b)
|
1,235,000
|
1,245,034
|
|
6.75% 1/17/48 (b)
|
9,840,000
|
10,079,850
|
|
7% 1/25/51 (b)
|
1,060,000
|
1,116,313
|
|
TOTAL OMAN
|
33,475,045
|
||
Pakistan - 0.5%
|
|||
Islamic Republic of Pakistan:
|
|||
6% 4/8/26 (b)
|
7,700,000
|
6,853,847
|
|
6.875% 12/5/27 (b)
|
1,375,000
|
1,175,625
|
|
7.375% 4/8/31 (b)
|
5,095,000
|
4,000,135
|
|
TOTAL PAKISTAN
|
12,029,607
|
||
Panama - 1.2%
|
|||
Panamanian Republic:
|
|||
2.252% 9/29/32
|
4,545,000
|
3,220,133
|
|
3.298% 1/19/33
|
4,785,000
|
3,673,983
|
|
3.87% 7/23/60
|
6,405,000
|
3,682,875
|
|
4.5% 5/15/47
|
2,710,000
|
1,866,513
|
|
4.5% 4/16/50
|
8,410,000
|
5,650,469
|
|
6.853% 3/28/54
|
1,865,000
|
1,685,028
|
|
7.875% 3/1/57
|
2,895,000
|
2,912,370
|
|
8% 3/1/38
|
3,060,000
|
3,200,760
|
|
TOTAL PANAMA
|
25,892,131
|
||
Paraguay - 0.5%
|
|||
Republic of Paraguay:
|
|||
2.739% 1/29/33 (b)
|
2,485,000
|
2,011,297
|
|
4.95% 4/28/31 (b)
|
5,505,000
|
5,306,240
|
|
5.4% 3/30/50 (b)
|
2,220,000
|
1,952,906
|
|
6% 2/9/36 (b)
|
1,860,000
|
1,887,319
|
|
TOTAL PARAGUAY
|
11,157,762
|
||
Peru - 0.6%
|
|||
Peruvian Republic:
|
|||
2.783% 1/23/31
|
6,840,000
|
5,875,988
|
|
3% 1/15/34
|
4,725,000
|
3,873,023
|
|
3.3% 3/11/41
|
4,220,000
|
3,167,638
|
|
TOTAL PERU
|
12,916,649
|
||
Philippines - 0.6%
|
|||
Philippine Republic:
|
|||
2.65% 12/10/45
|
3,525,000
|
2,334,211
|
|
2.95% 5/5/45
|
1,655,000
|
1,163,155
|
|
5.5% 1/17/48
|
1,885,000
|
1,911,126
|
|
5.609% 4/13/33
|
3,205,000
|
3,331,197
|
|
5.95% 10/13/47
|
5,120,000
|
5,475,200
|
|
TOTAL PHILIPPINES
|
14,214,889
|
||
Poland - 0.6%
|
|||
Bank Gospodarstwa Krajowego:
|
|||
5.375% 5/22/33 (b)
|
1,855,000
|
1,845,725
|
|
6.25% 10/31/28 (b)
|
1,700,000
|
1,774,460
|
|
Polish Government:
|
|||
5.5% 4/4/53
|
2,090,000
|
2,089,394
|
|
5.5% 3/18/54
|
2,860,000
|
2,838,693
|
|
5.75% 11/16/32
|
4,375,000
|
4,580,231
|
|
TOTAL POLAND
|
13,128,503
|
||
Qatar - 2.3%
|
|||
State of Qatar:
|
|||
3.75% 4/16/30 (b)
|
14,315,000
|
13,749,558
|
|
4.4% 4/16/50 (b)
|
13,395,000
|
11,858,761
|
|
4.625% 6/2/46 (b)
|
6,030,000
|
5,550,615
|
|
4.817% 3/14/49 (b)
|
9,275,000
|
8,688,588
|
|
5.103% 4/23/48 (b)
|
6,810,000
|
6,625,279
|
|
9.75% 6/15/30 (b)
|
3,415,000
|
4,375,469
|
|
TOTAL QATAR
|
50,848,270
|
||
Romania - 0.7%
|
|||
Romanian Republic:
|
|||
2% 4/14/33 (Reg. S)
|
EUR
|
1,345,000
|
1,115,044
|
3% 2/27/27 (b)
|
2,641,000
|
2,466,034
|
|
3.375% 1/28/50 (Reg. S)
|
EUR
|
1,830,000
|
1,393,112
|
3.625% 3/27/32 (b)
|
5,066,000
|
4,352,011
|
|
4% 2/14/51 (b)
|
1,510,000
|
1,070,786
|
|
6.625% 2/17/28 (b)
|
2,280,000
|
2,347,283
|
|
7.125% 1/17/33 (b)
|
805,000
|
861,602
|
|
8% 4/29/30
|
RON
|
11,145,000
|
2,593,963
|
TOTAL ROMANIA
|
16,199,835
|
||
Rwanda - 0.2%
|
|||
Rwanda Republic 5.5% 8/9/31 (b)
|
5,980,000
|
4,856,881
|
|
Saudi Arabia - 1.7%
|
|||
Kingdom of Saudi Arabia:
|
|||
2.25% 2/2/33 (b)
|
7,655,000
|
6,174,236
|
|
3.45% 2/2/61 (b)
|
11,380,000
|
7,581,925
|
|
3.625% 3/4/28 (b)
|
3,515,000
|
3,367,809
|
|
3.75% 1/21/55 (b)
|
5,235,000
|
3,783,923
|
|
4.5% 10/26/46 (b)
|
6,920,000
|
5,914,438
|
|
4.5% 4/22/60 (b)
|
2,545,000
|
2,096,444
|
|
4.625% 10/4/47 (b)
|
3,295,000
|
2,842,967
|
|
5% 1/18/53 (b)
|
3,780,000
|
3,383,100
|
|
5.75% 1/16/54 (b)
|
3,160,000
|
3,127,413
|
|
TOTAL SAUDI ARABIA
|
38,272,255
|
||
Senegal - 0.1%
|
|||
Republic of Senegal 6.25% 5/23/33 (b)
|
3,230,000
|
2,755,594
|
|
Serbia - 0.4%
|
|||
Republic of Serbia:
|
|||
2.125% 12/1/30 (b)
|
8,215,000
|
6,507,820
|
|
6.5% 9/26/33 (b)
|
2,105,000
|
2,147,758
|
|
TOTAL SERBIA
|
8,655,578
|
||
South Africa - 0.7%
|
|||
South African Republic:
|
|||
4.85% 9/27/27
|
2,890,000
|
2,745,500
|
|
4.85% 9/30/29
|
2,510,000
|
2,249,588
|
|
5% 10/12/46
|
4,045,000
|
2,716,218
|
|
5.65% 9/27/47
|
1,905,000
|
1,383,506
|
|
5.75% 9/30/49
|
6,320,000
|
4,589,900
|
|
5.875% 4/20/32
|
2,895,000
|
2,609,119
|
|
TOTAL SOUTH AFRICA
|
16,293,831
|
||
Sri Lanka - 0.3%
|
|||
Democratic Socialist Republic of Sri Lanka:
|
|||
6.2% (b)(d)
|
2,685,000
|
1,584,150
|
|
6.825% (b)(d)
|
1,595,000
|
950,509
|
|
7.55% (b)(d)
|
2,630,000
|
1,543,481
|
|
7.85% (b)(d)
|
5,665,000
|
3,307,567
|
|
TOTAL SRI LANKA
|
7,385,707
|
||
Turkey - 4.2%
|
|||
Export Credit Bank of Turkey 9% 1/28/27 (b)
|
2,995,000
|
3,127,379
|
|
Turkish Republic:
|
|||
4.25% 4/14/26
|
8,635,000
|
8,321,981
|
|
4.75% 1/26/26
|
10,970,000
|
10,733,459
|
|
4.875% 10/9/26
|
4,595,000
|
4,457,150
|
|
4.875% 4/16/43
|
8,935,000
|
6,276,838
|
|
5.125% 2/17/28
|
5,960,000
|
5,662,000
|
|
5.25% 3/13/30
|
2,170,000
|
1,963,172
|
|
5.75% 5/11/47
|
4,490,000
|
3,419,416
|
|
6% 3/25/27
|
1,900,000
|
1,876,844
|
|
6% 1/14/41
|
4,650,000
|
3,831,891
|
|
6.125% 10/24/28
|
3,895,000
|
3,808,580
|
|
6.625% 2/17/45
|
3,200,000
|
2,751,264
|
|
7.625% 5/15/34
|
3,275,000
|
3,287,281
|
|
9.125% 7/13/30
|
2,030,000
|
2,202,550
|
|
9.375% 3/14/29
|
4,950,000
|
5,387,766
|
|
9.375% 1/19/33
|
8,440,000
|
9,389,500
|
|
9.875% 1/15/28
|
10,335,000
|
11,384,648
|
|
26.2% 10/5/33
|
TRY
|
86,195,000
|
2,764,036
|
31.08% 11/8/28
|
TRY
|
75,870,000
|
2,452,302
|
TOTAL TURKEY
|
93,098,057
|
||
Ukraine - 0.8%
|
|||
Ukraine Government:
|
|||
6.876% 5/21/31 (b)
|
1,910,000
|
556,765
|
|
7.253% 3/15/35 (b)
|
6,695,000
|
1,944,898
|
|
7.375% 9/25/34 (b)
|
3,310,000
|
964,865
|
|
7.75% 9/1/24 (b)
|
5,877,000
|
2,203,875
|
|
7.75% 9/1/25 (b)
|
9,315,000
|
3,469,838
|
|
7.75% 9/1/26 (b)
|
12,600,000
|
4,504,500
|
|
7.75% 9/1/28 (b)
|
2,195,000
|
728,740
|
|
7.75% 9/1/29 (b)
|
1,360,000
|
448,800
|
|
7.75% 8/1/41 (b)(c)
|
4,080,000
|
2,254,200
|
|
TOTAL UKRAINE
|
17,076,481
|
||
United Arab Emirates - 1.7%
|
|||
Abu Dhabi National Energy Co. PJSC 4.375% 1/24/29 (b)
|
3,095,000
|
3,021,494
|
|
Emirate of Abu Dhabi:
|
|||
3% 9/15/51 (b)
|
4,875,000
|
3,319,570
|
|
3.125% 9/30/49 (b)
|
22,460,000
|
15,799,206
|
|
3.875% 4/16/50 (b)
|
7,190,000
|
5,748,405
|
|
Emirate of Dubai:
|
|||
3.9% 9/9/50 (Reg. S)
|
7,730,000
|
5,727,447
|
|
5.25% 1/30/43 (Reg. S)
|
3,380,000
|
3,244,800
|
|
TOTAL UNITED ARAB EMIRATES
|
36,860,922
|
||
United States of America - 4.7%
|
|||
U.S. Treasury Bonds:
|
|||
2.875% 5/15/52
|
45,024,000
|
34,066,955
|
|
3.25% 5/15/42
|
14,952,000
|
12,709,784
|
|
3.625% 2/15/53
|
30,720,000
|
26,976,000
|
|
U.S. Treasury Notes:
|
|||
2.875% 5/15/32 (h)
|
11,298,000
|
10,257,790
|
|
3.625% 3/31/30
|
9,786,000
|
9,472,542
|
|
3.75% 5/31/30
|
2,079,000
|
2,024,507
|
|
4% 2/28/30
|
5,019,000
|
4,958,615
|
|
4.625% 9/30/30
|
4,011,000
|
4,098,897
|
|
TOTAL UNITED STATES OF AMERICA
|
104,565,090
|
||
Uruguay - 0.5%
|
|||
Uruguay Republic:
|
|||
5.1% 6/18/50
|
7,730,000
|
7,476,359
|
|
5.75% 10/28/34
|
2,995,000
|
3,161,597
|
|
TOTAL URUGUAY
|
10,637,956
|
||
Uzbekistan - 0.2%
|
|||
Republic of Uzbekistan:
|
|||
3.7% 11/25/30 (b)
|
1,300,000
|
1,083,875
|
|
3.9% 10/19/31 (b)
|
3,605,000
|
2,975,252
|
|
TOTAL UZBEKISTAN
|
4,059,127
|
||
Venezuela - 0.4%
|
|||
Venezuelan Republic:
|
|||
9.25% (d)
|
32,390,000
|
5,745,982
|
|
11.95% (Reg. S) (d)
|
14,080,000
|
2,333,828
|
|
12.75% (d)
|
2,705,000
|
454,506
|
|
TOTAL VENEZUELA
|
8,534,316
|
||
Vietnam - 0.6%
|
|||
Vietnamese Socialist Republic 5.5% 3/12/28
|
14,737,717
|
14,062,140
|
|
Zambia - 0.1%
|
|||
Republic of Zambia 8.97% (b)(d)
|
1,550,000
|
1,137,313
|
|
|
TOTAL GOVERNMENT OBLIGATIONS
(Cost $1,237,960,716)
|
1,118,596,075
|
||
Common Stocks - 0.0%
|
|||
Shares
|
Value ($)
|
||
Jamaica - 0.0%
|
|||
Digicel Group Ltd. (f)
|
69,594
|
62,402
|
|
Kazakhstan - 0.0%
|
|||
Nostrum Oil & Gas LP warrants (e)(f)
|
521,171
|
5
|
|
|
TOTAL COMMON STOCKS
(Cost $62,402)
|
62,407
|
||
Preferred Securities - 3.2%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
Brazil - 0.5%
|
|||
Banco Do Brasil SA 6.25% (b)(c)(i)
|
6,305,000
|
6,302,541
|
|
Cosan Overseas Ltd. 8.25% (i)
|
4,526,000
|
4,609,448
|
|
TOTAL BRAZIL
|
10,911,989
|
||
Chile - 0.1%
|
|||
Banco de Credito e Inversiones 8.75% (b)(c)(i)
|
2,900,000
|
2,982,056
|
|
Georgia - 0.1%
|
|||
Georgia Bank Joint Stock Co. 11.125% (Reg. S) (c)(i)
|
1,300,000
|
1,311,050
|
|
Hong Kong - 0.3%
|
|||
CAS Capital No 1 Ltd. 4% (Reg. S) (c)(i)
|
6,970,000
|
6,364,307
|
|
India - 0.4%
|
|||
Network i2i Ltd.:
|
|||
3.975% (b)(c)(i)
|
2,640,000
|
2,505,525
|
|
5.65% (b)(c)(i)
|
6,338,000
|
6,280,562
|
|
TOTAL INDIA
|
8,786,087
|
||
Kuwait - 0.1%
|
|||
NBK Tier 1 Ltd. 3.625% (b)(c)(i)
|
2,595,000
|
2,392,266
|
|
Mexico - 1.4%
|
|||
Banco Mercantil del Norte SA:
|
|||
6.75% (b)(c)(i)
|
3,645,000
|
3,621,080
|
|
7.625% (b)(c)(i)
|
7,560,000
|
7,512,750
|
|
BBVA Bancomer SA Texas Branch:
|
|||
5.125% 1/18/33 (b)(c)
|
2,725,000
|
2,523,180
|
|
5.35% 11/12/29 (b)(c)
|
2,030,000
|
1,996,485
|
|
8.45% 6/29/38 (b)(c)
|
3,050,000
|
3,220,760
|
|
CEMEX S.A.B. de CV:
|
|||
5.125% (b)(c)(i)
|
9,220,000
|
8,903,063
|
|
9.125% (b)(c)(i)
|
3,765,000
|
4,062,812
|
|
TOTAL MEXICO
|
31,840,130
|
||
Russia - 0.0%
|
|||
Alfa Bond Issuance PLC 6.95% (Reg. S) (c)(d)(e)(f)(i)
|
982,000
|
49,100
|
|
Tinkoff Bank JSC 6% (b)(c)(d)(e)(f)(i)
|
2,960,000
|
148,000
|
|
TOTAL RUSSIA
|
197,100
|
||
United Arab Emirates - 0.3%
|
|||
DP World Salaam 6% (Reg. S) (c)(i)
|
6,250,000
|
6,238,281
|
|
|
TOTAL PREFERRED SECURITIES
(Cost $75,173,816)
|
71,023,266
|
||
Money Market Funds - 1.0%
|
|||
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund 5.39% (j)
(Cost $23,679,316)
|
23,675,073
|
23,679,808
|
|
|
TOTAL INVESTMENT IN SECURITIES - 96.2%
(Cost $2,378,779,917)
|
2,148,277,951
|
NET OTHER ASSETS (LIABILITIES) - 3.8%
|
84,658,182
|
NET ASSETS - 100.0%
|
2,232,936,133
|
Futures Contracts
|
|||||
Number
of contracts
|
Expiration
Date
|
Notional
Amount ($)
|
Value ($)
|
Unrealized
Appreciation/
(Depreciation) ($)
|
|
Purchased
|
|||||
Treasury Contracts
|
|||||
CBOT 10-Year U.S. Treasury Note Contracts (United States)
|
44
|
Jun 2024
|
4,875,063
|
33,278
|
33,278
|
The notional amount of futures purchased as a percentage of Net Assets is 0.2%
|
|||||
EGP
|
-
|
Egyptian pound
|
EUR
|
-
|
European Monetary Unit
|
KES
|
-
|
Kenyan shilling
|
NGN
|
-
|
Nigerian naira
|
RON
|
-
|
Romanian leu (new)
|
TRY
|
-
|
Turkish Lira
|
(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 $1,391,943,878 or 62.3% of net assets.
|
(c)
|
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
|
(d)
|
Non-income producing - Security is in default.
|
(e)
|
Non-income producing
|
(f)
|
Level 3 security
|
(g)
|
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.
|
(h)
|
Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $114,824.
|
(i)
|
Security is perpetual in nature with no stated maturity date.
|
(j)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
Affiliate
|
Value,
beginning
of period ($)
|
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 5.39%
|
36,533,365
|
129,494,268
|
142,347,825
|
362,007
|
-
|
-
|
23,679,808
|
0.0%
|
Total
|
36,533,365
|
129,494,268
|
142,347,825
|
362,007
|
-
|
-
|
23,679,808
|
|