| Security | $Holding | Balance | % of Fund | Category | Position | Country |
|---|---|---|---|---|---|---|
| Federated Hermes Government Obligations Fund | 20.15 mm | 20.15 mm shares | 2.28 | Short-term investment vehicle | Long | USA |
| Repsol Trading SATerm Loan | 18.93 mm | 19.00 mm principal | 2.14 | Loan | Long | Spain |
| Venture Global Plaquemines LNG, LLC (VGPL) Senior Secured Debt | 16.58 mm | 16.58 mm principal | 1.88 | Loan | Long | USA |
| Turkiye Petrol Rafinerileri A.S.2024 USD Single Receivable Financing Term Loan | 15.99 mm | 16.00 mm principal | 1.81 | Loan | Long | Turkey |
| Chevron Asia Pacific Holdings LimitedTerm Loan | 15.99 mm | 16.00 mm principal | 1.81 | Loan | Long | Singapore |
| Sonangol Finance Ltd. 2023 Term Loan | 15.25 mm | 15.48 mm principal | 1.73 | Loan | Long | XX |
| National Bank of Egypt 2024 1st Lien Deferred Payment LC | 15.00 mm | 15.00 mm principal | 1.70 | Loan | Long | Egypt |
| Republic of Cote d'Ivoire The2024 EUR 6 Month Syndicated Term Loan | 14.99 mm | 14.50 mm principal | 1.70 | Loan | Long | Côte d'Ivoire |
| Turkiey Ihracat Kredi Bankasi AS (TurkExim) 2024 ESG Syndicated Tranche Term Loan B | 14.50 mm | 14.50 mm principal | 1.64 | Loan | Long | Turkey |
| Glencore International AG 2022 Term Loan | 14.20 mm | 14.33 mm principal | 1.61 | Loan | Long | Switzerland |
| Egyptian General Petroleum Company (EGPC)Syndicated ITFC Murabaha facility (EGY/0229) | 13.89 mm | 14.00 mm principal | 1.57 | Loan | Long | Egypt |
| Heritage Petroleum Company Limited Term Loan | 13.80 mm | 13.38 mm principal | 1.56 | Loan | Long | Trinidad and Tobago |
| Government of Arab Republic of Egypt EGY-228 (GASC) Syndicated ITFC Murabaha facility (EGY/0228) | 13.63 mm | 13.63 mm principal | 1.54 | Loan | Long | Egypt |
| BNP Paribas Emissions- und Handelsgesellschaft mbHSenior Unsecured Trade Loan | 13.50 mm | 13.50 mm principal | 1.53 | Loan | Long | Germany |
| Yinson Bergenia Production B.V. Mini-Perm Senior Secured Project Financing | 13.39 mm | 13.39 mm principal | 1.51 | Loan | Long | Brazil |
| TDC Net A/S EUR Sustainability Linked Senior Term Loan | 13.21 mm | 12.75 mm principal | 1.49 | Loan | Long | Germany |
| Azule Energy Holding Ltd Pre Export Term Loan | 13.10 mm | 13.00 mm principal | 1.48 | Loan | Long | XX |
| Trafigura PTE LTD 2023 Uncommitted Trade Finance Facility | 12.97 mm | 13.00 mm principal | 1.47 | Loan | Long | Singapore |
| Republic of Cote d'Ivoire The 2024 EUR Upsize Term Loan | 12.90 mm | 12.50 mm principal | 1.46 | Loan | Long | Côte d'Ivoire |
| Republic of Senegal Ministry of Finance and Budget 2023 EUR 1st Lien Term Loan | 12.73 mm | 12.50 mm principal | 1.44 | Loan | Long | XX |
| Marfrig Global Foods SA Advance on Foreign Exchange Contracts Term Loan | 12.51 mm | 12.50 mm principal | 1.42 | Loan | Long | Brazil |
| Yapi ve Kredi Bankasi AS2024 Term Loan | 12.49 mm | 12.50 mm principal | 1.41 | Loan | Long | Turkey |
| Beta Lula Central SARL (Lux Inc) Term Loan | 12.48 mm | 12.30 mm principal | 1.41 | Loan | Long | Brazil |
| GY-DW-UK-IV LimitedSenior Secured Project Financing | 12.18 mm | 12.25 mm principal | 1.38 | Loan | Long | UK |
| The Republic of Angola2024 Short -Term Loan | 11.49 mm | 11.50 mm principal | 1.30 | Loan | Long | XX |
| CC Energy Development Limited - BVI Incorporated Borrowing Base Facility | 11.00 mm | 11.00 mm principal | 1.24 | Loan | Long | Oman |
| Shell Trading Rotterdam BVTerm Loan | 10.96 mm | 11.00 mm principal | 1.24 | Loan | Long | Netherlands |
| Mantoverde S.A Term Loan | 10.74 mm | 10.74 mm principal | 1.22 | Loan | Long | Chile |
| Carmo Energy SA (Carmo) Brazil Term Loan | 10.50 mm | 10.50 mm principal | 1.19 | Loan | Long | Brazil |
| Dobson Technologies, IncTerm Loan | 10.49 mm | 10.50 mm principal | 1.19 | Loan | Long | USA |
| Alfa Lula Alto SARL Term Loan Tranche A | 10.31 mm | 10.17 mm principal | 1.17 | Loan | Long | Brazil |
| IHS Zambia 2021 Term Loan | 10.16 mm | 9.93 mm principal | 1.15 | Loan | Long | Zambia |
| Bank of Industry Limited2024 3 Year Syndicated AFC Term Loan | 10.00 mm | 10.00 mm principal | 1.13 | Loan | Long | Nigeria |
| Turikiye Vakiflar Bankasi TAO 2024 Tranche A Dual Currency Term Loan | 9.99 mm | 10.00 mm principal | 1.13 | Loan | Long | Turkey |
| Venture Global Calcasieu Pass, LLC Term Loan | 9.97 mm | 9.97 mm principal | 1.13 | Loan | Long | USA |
| BLUENORD ENERGY DENMARK AS TERM LOAN | 9.93 mm | 9.95 mm principal | 1.12 | Loan | Long | Denmark |
| NEO Energy Group LimitedRevolver | 9.86 mm | 9.86 mm principal | 1.12 | Loan | Long | UK |
| Republic of Cote d'Ivoire The 2019 EUR Uncommitted Revolver | 9.83 mm | 9.50 mm principal | 1.11 | Loan | Long | Côte d'Ivoire |
| Prime Oil and Gas Cooperatief UA Revolver | 9.61 mm | 9.64 mm principal | 1.09 | Loan | Long | Nigeria |
| IHS Holding Limited, Cayman Island Incorporation 2024 Unsecured Term Loan | 9.50 mm | 9.50 mm principal | 1.07 | Loan | Long | Nigeria |
| Vantage Towers AGEUR Term Loan | 9.29 mm | 9.00 mm principal | 1.05 | Loan | Long | Germany |
| Maher Terminal LLC Senior Secured Term Loan | 8.97 mm | 9.00 mm principal | 1.01 | Loan | Long | USA |
| Transnet SOC LtdTerm Loan | 8.71 mm | 8.75 mm principal | 0.99 | Loan | Long | South Africa |
| Navoi Mining and Metallurgical Company Unsecured Term Loan | 8.54 mm | 8.54 mm principal | 0.97 | Loan | Long | XX |
| Tillman Infrastructure ABS SUB 1, LLC Term Loan Tranche A | 8.52 mm | 8.50 mm principal | 0.96 | Loan | Long | USA |
| Joint Stock Commercial Bank Agrobank 2024 Term Loan Tranche A | 8.50 mm | 8.50 mm principal | 0.96 | Loan | Long | Uzbekistan |
| Phoenix Tower International (PTI) Iberica V, NewCo EUR Refinancing Term Loan | 8.34 mm | 7.80 mm principal | 0.94 | Loan | Long | Italy |
| Republic of Senegal Ministry of Finance and Budget 2023 EUR Term Loan | 8.29 mm | 8.00 mm principal | 0.94 | Loan | Long | XX |
| Zenith Bank PLC 2024 Term Loan | 8.00 mm | 8.00 mm principal | 0.91 | Loan | Long | Nigeria |
| Republic of Cote d'Ivoire The 2020 EUR 7-Year Syndicated Term Loan | 7.96 mm | 7.68 mm principal | 0.90 | Loan | Long | Côte d'Ivoire |
| Fraport TAV Antalya Yatirim Yapim ve Isletme EUR Term Loan | 7.80 mm | 7.50 mm principal | 0.88 | Loan | Long | Turkey |
| PJSC Acron Syndicated Committed Pre-Export Finance Facility | 7.47 mm | 7.55 mm principal | 0.84 | Loan | Long | USA |
| TC Ziraat Bankasi AS 2024 EUR Dual Currency Term Loan | 7.22 mm | 7.00 mm principal | 0.82 | Loan | Long | Turkey |
| Phoenix Tower International Chile SPA PTI Americas Syndicated Term Loan | 7.07 mm | 7.00 mm principal | 0.80 | Loan | Long | Chile |
| Puma International Financing S.A. 2024 Sustainability Linked Term Loan | 7.00 mm | 7.02 mm principal | 0.79 | Loan | Long | Luxembourg |
| Sonasing Xikomba Limited Term Loan | 6.98 mm | 6.98 mm principal | 0.79 | Loan | Long | XX |
| ITG3 SARL SENIOR SECURED TERM LOAN | 6.86 mm | 6.91 mm principal | 0.78 | Loan | Long | Switzerland |
| Eesti Energia AS EUR Term Loan | 6.73 mm | 6.50 mm principal | 0.76 | Loan | Long | Estonia |
| Yinson Azalea Production Term Loan A | 6.63 mm | 6.63 mm principal | 0.75 | Loan | Long | Singapore |
| Islamic Republic of Pakistan2024 Term Loan (PAK-212) | 6.59 mm | 6.60 mm principal | 0.75 | Loan | Long | Pakistan |
| PETROLEOS DEL PERU 2023 TERM LOAN | 6.57 mm | 6.57 mm principal | 0.74 | Loan | Long | Peru |
| Medina Partnership, S.A. EUR Term Loan | 6.04 mm | 5.85 mm principal | 0.68 | Loan | Long | Spain |
| Ministry of Finance of Tanzania 2019 Term Loan | 6.02 mm | 6.00 mm principal | 0.68 | Loan | Long | Tanzania, United Republic of |
| Gridiron Fiber Corp. 2023 Term Loan | 5.93 mm | 5.93 mm principal | 0.67 | Loan | Long | USA |
| HTA Group Ltd 2024 Term Loan Tranche A | 5.70 mm | 5.80 mm principal | 0.65 | Loan | Long | USA |
| HTA GROUP LTD 2024 TRANCHE C TERM LOAN | 5.70 mm | 5.72 mm principal | 0.64 | Loan | Long | USA |
| Joint Stock Company Asakabank Syndicated Term Loan Facility | 5.64 mm | 5.63 mm principal | 0.64 | Loan | Long | XX |
| Sonangol Finance Ltd.2021 Term Loan | 5.57 mm | 5.57 mm principal | 0.63 | Loan | Long | XX |
| Ten Ghana MV25 BV Term Loan | 5.56 mm | 6.02 mm principal | 0.63 | Loan | Long | Ghana |
| HARMONY GOLD MINING COMP LTD TERM LOAN | 5.50 mm | 5.50 mm principal | 0.62 | Loan | Long | South Africa |
| Impala Terminals Switzerland SAR Term Loan | 5.21 mm | 5.22 mm principal | 0.59 | Loan | Long | Switzerland |
| Akbank TAS 2024 EUR Akbank Dual Currency Term Loan B | 5.18 mm | 5.00 mm principal | 0.59 | Loan | Long | Turkey |
| Yapi ve Kredi Bankasi AS 2024 EUR Denominated Tranche Term Loan B | 5.17 mm | 5.00 mm principal | 0.59 | Loan | Long | Turkey |
| STAATSOLIE MAATS SURINAME NV TERM LOAN | 5.15 mm | 5.15 mm principal | 0.58 | Loan | Long | XX |
| Eastern and Southern African Trade and Development Bank 2023 Tranche B 1 Term Loan | 5.00 mm | 5.00 mm principal | 0.57 | Loan | Long | South Africa |
| State Oil Company of Azerbaijan Republic 2021 Term Loan | 5.00 mm | 5.00 mm principal | 0.57 | Loan | Long | XX |
| Turk Eximbank2024 USD Term Loan | 5.00 mm | 5.00 mm principal | 0.57 | Loan | Long | Turkey |
| T.C. Ziraat Bankasi A.S.2024 Term Loan | 5.00 mm | 5.00 mm principal | 0.57 | Loan | Long | Turkey |
| Eastern and Southern African Trade and Development Bank 2022 Term Loan B | 5.00 mm | 5.00 mm principal | 0.57 | Loan | Long | South Africa |
| TC Ziraat Bankasi AS 2024 Dual Currency Term Loan | 4.99 mm | 5.00 mm principal | 0.56 | Loan | Long | Turkey |
| National Bank for Foreign Economic Activity of the Republic of Uzbekistan 2022 EUR Term Loan | 4.83 mm | 4.67 mm principal | 0.55 | Loan | Long | Uzbekistan |
| International Beverage Tashkent Term Loan | 4.71 mm | 4.71 mm principal | 0.53 | Loan | Long | XX |
| Joint Stock Commercial Bank Agrobank2024 1st Lien Tranche A Term Loan | 4.25 mm | 4.25 mm principal | 0.48 | Loan | Long | XX |
| Energia Mayakan S de RL de CVTerm Loan (2125M) | 4.19 mm | 4.21 mm principal | 0.47 | Loan | Long | Mexico |
| Republic of Senegal, Ministry of Economy, Planning and Cooperation (MEPC) 2022 EUR Syndicated ITFC Murabaha facility (SEN/0208) | 4.14 mm | 3.99 mm principal | 0.47 | Loan | Long | XX |
| Eastern and Southern African Trade and Development Bank2024 USD Tranche A Term Loan | 3.99 mm | 4.00 mm principal | 0.45 | Loan | Long | South Africa |
| Yapi ve Kredi Bankasi AS 2024 USD Denominated Tranche Term Loan | 3.99 mm | 4.00 mm principal | 0.45 | Loan | Long | Turkey |
| Eastern and Southern African Trade and Development Bank2024 USD Tranche B Term Loan | 3.99 mm | 4.00 mm principal | 0.45 | Loan | Long | South Africa |
| Egyptian Ethylene & Derivatives Company SAE Term Loan | 3.92 mm | 3.92 mm principal | 0.44 | Loan | Long | Egypt |
| Guarantor Aercap Holdings N.V Term Loan | 3.70 mm | 3.70 mm principal | 0.42 | Loan | Long | Ireland |
| Caliche Development Partners III LLC, SPV Senior Secured Term Loan | 3.60 mm | 3.61 mm principal | 0.41 | Loan | Long | USA |
| Qatar Electricity and Water Company QPSC Term Loan | 3.60 mm | 3.66 mm principal | 0.41 | Loan | Long | Qatar |
| JSC UzAuto Motors 2023 Unsecured Syndicated Term Loan | 3.20 mm | 3.20 mm principal | 0.36 | Loan | Long | XX |
| Karpower Latam Solutions DMCC Term Loan | 3.14 mm | 3.15 mm principal | 0.36 | Loan | Long | Dominican Republic |
| The Republic of Benin EUR Fixed Uninsured Tied Commercial Facility | 3.08 mm | 2.97 mm principal | 0.35 | Loan | Long | XX |
| Government of The Republic of Kenya Acting through The National Treasury 2019 Syndicated Term Loan facility | 3.00 mm | 3.00 mm principal | 0.34 | Loan | Long | Kenya |
| Minister of Finance of Ukraine EUR Senior Unsecured Term Loan | 2.91 mm | 3.50 mm principal | 0.33 | Loan | Long | Ukraine |
| The Republic of Benin EUR Tied Commercial Facility | 2.76 mm | 2.74 mm principal | 0.31 | Loan | Long | XX |
| The Republic of Benin MOF 2 EUR Term Loan | 2.68 mm | 2.59 mm principal | 0.30 | Loan | Long | XX |
| Alfa Lula Alto SARL Term Loan Tranche B | 2.22 mm | 2.20 mm principal | 0.25 | Loan | Long | Brazil |
| Eastern and Southern African Trade and Development Bank 2023 Tranche A-1 Term Loan | 1.99 mm | 2.00 mm principal | 0.23 | Loan | Long | South Africa |
|
PURCHASED USD / SOLD EUR
Barclays Bank PLC
|
1.74 mm | 1.00 contracts | 0.20 | DFE | N/A | USA |
| Ithaca Energy (UK) LimitedRBL Revolver | 1.39 mm | 1.39 mm principal | 0.16 | Loan | Long | UK |
|
PURCHASED USD / SOLD EUR
Bank of America NA
|
1.35 mm | 1.00 contracts | 0.15 | DFE | N/A | USA |
| Phoenix Tower International (PTI) Iberica V, NewCo EUR Acquisition/Capex Term Loan | 934.91 k | 874.13 k principal | 0.11 | Loan | Long | Italy |
| PJSC MMC Norilsk Nickel Term Loan B | 780.92 k | 800.00 k principal | 0.09 | Loan | Long | Russian Federation |
| Sonangol Finance Ltd. 2020 Term Loan | 711.67 k | 711.67 k principal | 0.08 | Loan | Long | XX |
| Papua New Guinea Liquefied Natural Gas Global Company LDC 2013 Supplemental Senior Debt Uncovered Bank Term Loan Facility | 646.98 k | 646.98 k principal | 0.07 | Loan | Long | Papua New Guinea |
| The Sharjah Electricity and Water Authority 2020 Term Loan | 307.69 k | 307.69 k principal | 0.03 | Loan | Long | United Arab Emirates |
| Bank of Industry Limited EUR Syndicated Term Loan | 61.32 k | 59.20 k principal | 0.01 | Loan | Long | Nigeria |
| VICENTIN S.A.I.C. PRE EXPORT TERM LOAN | 0 | 1.00 principal | 0.00 | Loan | Long | Argentina |
|
PURCHASED EUR / SOLD USD
State Street Bank & Trust Co.
|
-180.95 k | 1.00 contracts | -0.02 | DFE | N/A | XX |
