|
|
Principal
Amount
|
Value
|
|
|
U.S. Treasury Securities-99.77%
|
|||
|
U.S. Treasury Inflation — Indexed Bonds-25.04%(a)
|
|||
|
2.00%, 01/15/2026
|
$
|
2,095,678
|
$2,098,201
|
|
2.38%, 01/15/2027
|
|
1,697,833
|
1,724,286
|
|
1.75%, 01/15/2028
|
|
1,551,196
|
1,569,128
|
|
3.63%, 04/15/2028
|
|
2,154,012
|
2,286,182
|
|
2.50%, 01/15/2029
|
|
1,373,904
|
1,428,731
|
|
3.88%, 04/15/2029
|
|
2,450,109
|
2,671,568
|
|
1.63%, 04/15/2030
|
|
3,409,355
|
3,434,682
|
|
0.13%, 07/15/2030
|
|
3,434,186
|
3,231,179
|
|
|
|
|
18,443,957
|
|
U.S. Treasury Inflation — Indexed Notes-74.73%(a)
|
|||
|
0.13%, 10/15/2025
|
|
2,758,725
|
2,752,553
|
|
0.63%, 01/15/2026
|
|
3,703,023
|
3,685,603
|
|
0.13%, 04/15/2026
|
|
3,173,938
|
3,143,959
|
|
0.13%, 07/15/2026
|
|
3,209,678
|
3,184,998
|
|
0.13%, 10/15/2026
|
|
2,922,698
|
2,891,762
|
|
0.38%, 01/15/2027
|
|
3,308,211
|
3,264,861
|
|
0.13%, 04/15/2027
|
|
2,911,158
|
2,851,178
|
|
0.38%, 07/15/2027
|
|
3,148,178
|
3,107,266
|
|
1.63%, 10/15/2027
|
|
2,817,479
|
2,849,449
|
|
0.50%, 01/15/2028
|
|
3,275,303
|
3,214,453
|
|
1.25%, 04/15/2028
|
|
2,779,853
|
2,774,639
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Treasury Inflation — Indexed Notes-(continued)
|
|||
|
0.75%, 07/15/2028
|
$
|
3,036,037
|
$3,000,813
|
|
2.38%, 10/15/2028
|
|
2,862,278
|
2,967,499
|
|
0.88%, 01/15/2029
|
|
2,990,050
|
2,945,867
|
|
2.13%, 04/15/2029
|
|
2,956,705
|
3,036,176
|
|
0.25%, 07/15/2029
|
|
3,243,143
|
3,118,819
|
|
1.63%, 10/15/2029
|
|
3,080,551
|
3,120,965
|
|
0.13%, 01/15/2030
|
|
3,325,438
|
3,143,460
|
|
|
|
|
55,054,320
|
|
Total U.S. Treasury Securities
(Cost $73,384,844)
|
73,498,277
|
||
|
|
Shares
|
|
|
|
Money Market Funds-0.20%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(b)(c)
(Cost $142,938)
|
|
142,938
|
142,938
|
|
TOTAL INVESTMENTS IN SECURITIES-99.97%
(Cost $73,527,782)
|
73,641,215
|
||
|
OTHER ASSETS LESS LIABILITIES-0.03%
|
25,754
|
||
|
NET ASSETS-100.00%
|
$73,666,969
|
||
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Principal amount of security and interest payments are adjusted for inflation.
|
|
(b)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2025.
|
|
|
Value
October 31, 2024
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
July 31, 2025
|
Dividend Income
|
|
Investments in Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$158,159
|
$1,870,467
|
$(1,885,688
)
|
$-
|
$-
|
$142,938
|
$1,653
|
|
(c)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2025.
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Dollar Denominated Bonds & Notes-98.11%
|
|||
|
Angola-2.96%
|
|||
|
Angolan Government International Bond
|
|
|
|
|
8.75%, 04/14/2032(a)
|
$
|
12,853,000
|
$11,713,785
|
|
9.38%, 05/08/2048(a)
|
|
14,079,000
|
11,442,561
|
|
9.13%, 11/26/2049(a)
|
|
14,347,000
|
11,419,684
|
|
|
|
|
34,576,030
|
|
Bahrain-3.04%
|
|||
|
Bahrain Government International Bond
|
|
|
|
|
6.00%, 09/19/2044(a)(b)
|
|
13,560,000
|
11,708,186
|
|
7.50%, 09/20/2047(a)(b)
|
|
11,531,000
|
11,788,820
|
|
6.25%, 01/25/2051(a)
|
|
13,798,000
|
11,961,736
|
|
|
|
|
35,458,742
|
|
Brazil-3.05%
|
|||
|
Brazilian Government International Bond
|
|
|
|
|
5.63%, 02/21/2047
|
|
14,538,000
|
11,858,356
|
|
4.75%, 01/14/2050
|
|
16,746,000
|
11,827,895
|
|
7.13%, 05/13/2054
|
|
12,316,000
|
11,869,543
|
|
|
|
|
35,555,794
|
|
Chile-3.08%
|
|||
|
Chile Government International Bond
|
|
|
|
|
4.34%, 03/07/2042
|
|
13,853,000
|
11,949,598
|
|
4.00%, 01/31/2052
|
|
15,661,000
|
11,961,089
|
|
5.33%, 01/05/2054(b)
|
|
12,868,997
|
12,087,527
|
|
|
|
|
35,998,214
|
|
China-3.05%
|
|||
|
China Government International Bond
|
|
|
|
|
4.00%, 10/19/2048(a)(b)
|
|
12,902,000
|
11,863,801
|
|
2.25%, 10/21/2050(a)(b)
|
|
17,890,000
|
11,780,069
|
|
2.50%, 10/26/2051(a)(b)
|
|
17,185,000
|
11,928,357
|
|
|
|
|
35,572,227
|
|
Colombia-3.01%
|
|||
|
Colombia Government International Bond
|
|
|
|
|
5.63%, 02/26/2044
|
|
15,251,000
|
11,650,239
|
|
8.75%, 11/14/2053
|
|
11,545,000
|
11,761,469
|
|
8.38%, 11/07/2054
|
|
12,008,000
|
11,733,737
|
|
|
|
|
35,145,445
|
|
Costa Rica-3.03%
|
|||
|
Costa Rica Government International Bond
|
|
|
|
|
5.63%, 04/30/2043(a)
|
|
13,101,000
|
11,794,175
|
|
7.00%, 04/04/2044(a)
|
|
11,537,000
|
11,796,582
|
|
7.16%, 03/12/2045(a)
|
|
11,326,000
|
11,752,764
|
|
|
|
|
35,343,521
|
|
Dominican Republic-3.05%
|
|||
|
Dominican Republic International Bond
|
|
|
|
|
7.45%, 04/30/2044(a)
|
|
11,025,000
|
11,633,029
|
|
6.85%, 01/27/2045(a)
|
|
11,926,000
|
11,955,815
|
|
6.50%, 02/15/2048(a)(b)
|
|
12,523,000
|
12,042,117
|
|
|
|
|
35,630,961
|
|
Egypt-3.04%
|
|||
|
Egypt Government International Bond
|
|
|
|
|
8.70%, 03/01/2049(a)
|
|
14,156,000
|
11,668,350
|
|
8.88%, 05/29/2050(a)
|
|
14,380,000
|
12,034,238
|
|
8.75%, 09/30/2051(a)
|
|
14,289,000
|
11,784,369
|
|
|
|
|
35,486,957
|
|
|
Principal
Amount
|
Value
|
|
|
El Salvador-2.93%
|
|||
|
El Salvador Government International Bond
|
|
|
|
|
7.63%, 02/01/2041(a)
|
$
|
12,652,000
|
$11,525,972
|
|
7.13%, 01/20/2050(a)
|
|
13,799,000
|
11,322,080
|
|
9.50%, 07/15/2052(a)
|
|
11,132,000
|
11,312,895
|
|
|
|
|
34,160,947
|
|
Guatemala-3.12%
|
|||
|
Guatemala Government Bond
|
|
|
|
|
3.70%, 10/07/2033(a)
|
|
14,153,000
|
12,110,368
|
|
6.55%, 02/06/2037(a)
|
|
11,990,000
|
12,260,734
|
|
4.65%, 10/07/2041(a)
|
|
14,932,000
|
12,011,525
|
|
|
|
|
36,382,627
|
|
Hungary-2.98%
|
|||
|
Hungary Government International Bond
|
|
|
|
|
7.63%, 03/29/2041
|
|
10,252,000
|
11,717,912
|
|
3.13%, 09/21/2051(a)
|
|
19,296,000
|
11,597,630
|
|
6.75%, 09/25/2052(a)
|
|
11,095,000
|
11,445,154
|
|
|
|
|
34,760,696
|
|
Indonesia-3.01%
|
|||
|
Indonesia Government International Bond
|
|
|
|
|
3.50%, 02/14/2050
|
|
16,502,000
|
11,929,529
|
|
4.45%, 04/15/2070
|
|
14,294,000
|
11,447,631
|
|
3.35%, 03/12/2071
|
|
18,342,000
|
11,719,802
|
|
|
|
|
35,096,962
|
|
Jordan-3.13%
|
|||
|
Jordan Government International Bond
|
|
|
|
|
7.50%, 01/13/2029(a)
|
|
11,808,000
|
12,251,001
|
|
5.85%, 07/07/2030(a)
|
|
12,802,000
|
12,457,847
|
|
7.38%, 10/10/2047(a)
|
|
13,055,000
|
11,826,643
|
|
|
|
|
36,535,491
|
|
Kazakhstan-3.03%
|
|||
|
Kazakhstan Government International
Bond
|
|
|
|
|
4.71%, 04/09/2035(a)
|
|
12,211,000
|
11,863,141
|
|
4.88%, 10/14/2044(a)
|
|
12,882,000
|
11,632,636
|
|
6.50%, 07/21/2045(a)
|
|
10,988,000
|
11,880,510
|
|
|
|
|
35,376,287
|
|
Mexico-3.04%
|
|||
|
Mexico Government International Bond
|
|
|
|
|
6.34%, 05/04/2053
|
|
13,032,000
|
11,937,312
|
|
3.75%, 04/19/2071
|
|
20,708,000
|
11,751,790
|
|
5.75%, 10/12/2110
|
|
14,910,000
|
11,827,357
|
|
|
|
|
35,516,459
|
|
Morocco-3.09%
|
|||
|
Morocco Government International Bond
|
|
|
|
|
6.50%, 09/08/2033(a)
|
|
11,196,000
|
11,881,086
|
|
5.50%, 12/11/2042(a)
|
|
13,309,000
|
12,103,336
|
|
4.00%, 12/15/2050(a)
|
|
17,465,000
|
12,052,755
|
|
|
|
|
36,037,177
|
|
Nigeria-3.08%
|
|||
|
Nigeria Government International Bond
|
|
|
|
|
7.70%, 02/23/2038(a)
|
|
13,491,000
|
11,977,762
|
|
7.63%, 11/28/2047(a)
|
|
14,637,000
|
11,923,636
|
|
9.25%, 01/21/2049(a)(b)
|
|
12,589,000
|
12,086,098
|
|
|
|
|
35,987,496
|
|
|
Principal
Amount
|
Value
|
|
|
Oman-3.18%
|
|||
|
Oman Government International Bond
|
|
|
|
|
6.50%, 03/08/2047(a)
|
$
|
11,527,000
|
$12,153,221
|
|
6.75%, 01/17/2048(a)
|
|
11,563,000
|
12,420,419
|
|
7.00%, 01/25/2051(a)
|
|
11,246,000
|
12,502,991
|
|
|
|
|
37,076,631
|
|
Pakistan-3.16%
|
|||
|
Pakistan Government International Bond
|
|
|
|
|
7.38%, 04/08/2031(a)
|
|
19,763,000
|
18,584,635
|
|
8.88%, 04/08/2051(a)
|
|
20,915,000
|
18,247,074
|
|
|
|
|
36,831,709
|
|
Panama-3.20%
|
|||
|
Panama Government International Bond
|
|
|
|
|
6.40%, 02/14/2035(b)
|
|
12,809,000
|
12,664,899
|
|
6.88%, 01/31/2036(b)
|
|
12,379,000
|
12,392,060
|
|
7.88%, 03/01/2057
|
|
11,710,000
|
12,254,515
|
|
|
|
|
37,311,474
|
|
Peru-3.03%
|
|||
|
Peruvian Government International Bond
|
|
|
|
|
5.63%, 11/18/2050
|
|
12,439,000
|
11,795,779
|
|
5.88%, 08/08/2054
|
|
12,323,000
|
11,903,648
|
|
3.60%, 01/15/2072
|
|
19,151,000
|
11,649,075
|
|
|
|
|
35,348,502
|
|
Philippines-3.07%
|
|||
|
Philippine Government International Bond
|
|
|
|
|
3.20%, 07/06/2046
|
|
17,045,000
|
12,082,618
|
|
4.20%, 03/29/2047
|
|
14,311,000
|
11,801,939
|
|
5.95%, 10/13/2047
|
|
11,472,000
|
11,946,598
|
|
|
|
|
35,831,155
|
|
Qatar-3.04%
|
|||
|
Qatar Government International Bond
|
|
|
|
|
4.63%, 06/02/2046(a)
|
|
13,180,000
|
11,833,074
|
|
5.10%, 04/23/2048(a)
|
|
12,365,000
|
11,782,878
|
|
4.82%, 03/14/2049(a)
|
|
12,857,000
|
11,829,545
|
|
|
|
|
35,445,497
|
|
Romania-3.19%
|
|||
|
Romanian Government International Bond
|
|
|
|
|
5.13%, 06/15/2048(a)
|
|
15,838,000
|
12,480,407
|
|
4.00%, 02/14/2051(a)
|
|
18,962,000
|
12,362,222
|
|
7.63%, 01/17/2053(a)(b)
|
|
11,846,000
|
12,411,498
|
|
|
|
|
37,254,127
|
|
Saudi Arabia-3.06%
|
|||
|
Saudi Government International Bond
|
|
|
|
|
5.75%, 01/16/2054(a)(b)
|
|
12,404,000
|
11,962,344
|
|
4.50%, 04/22/2060(a)
|
|
14,982,000
|
11,866,160
|
|
3.45%, 02/02/2061(a)
|
|
19,067,000
|
11,896,228
|
|
|
|
|
35,724,732
|
|
Serbia-3.13%
|
|||
|
Serbia International Bond
|
|
|
|
|
2.13%, 12/01/2030(a)
|
|
14,539,000
|
12,466,052
|
|
6.50%, 09/26/2033(a)
|
|
11,262,000
|
11,906,292
|
|
6.00%, 06/12/2034(a)
|
|
11,917,000
|
12,183,519
|
|
|
|
|
36,555,863
|
|
South Africa-2.99%
|
|||
|
Republic of South Africa Government
International Bond
|
|
|
|
|
6.30%, 06/22/2048
|
|
14,441,000
|
11,738,234
|
|
|
Principal
Amount
|
Value
|
|
|
South Africa-(continued)
|
|||
|
5.75%, 09/30/2049
|
$
|
15,352,000
|
$11,389,572
|
|
7.30%, 04/20/2052
|
|
13,008,000
|
11,751,402
|
|
|
|
|
34,879,208
|
|
Trinidad-3.11%
|
|||
|
Trinidad & Tobago Government
International Bond
|
|
|
|
|
4.50%, 06/26/2030(a)
|
|
13,019,000
|
12,252,832
|
|
5.95%, 01/14/2031(a)
|
|
12,300,000
|
12,236,778
|
|
6.40%, 06/26/2034(a)
|
|
12,114,000
|
11,807,031
|
|
|
|
|
36,296,641
|
|
Turkey-3.03%
|
|||
|
Turkey Government International Bond
|
|
|
|
|
4.88%, 04/16/2043
|
|
16,387,000
|
11,727,468
|
|
6.63%, 02/17/2045
|
|
13,815,000
|
11,997,683
|
|
5.75%, 05/11/2047
|
|
15,249,000
|
11,679,083
|
|
|
|
|
35,404,234
|
|
United Arab Emirates-3.05%
|
|||
|
Finance Department Government of
Sharjah
|
|
|
|
|
6.13%, 03/06/2036(a)(b)
|
|
11,748,000
|
11,946,565
|
|
4.00%, 07/28/2050(a)
|
|
18,440,000
|
12,016,973
|
|
4.38%, 03/10/2051(a)
|
|
16,936,000
|
11,662,883
|
|
|
|
|
35,626,421
|
|
Uzbekistan-3.15%
|
|||
|
Republic of Uzbekistan International Bond
|
|
|
|
|
3.70%, 11/25/2030(a)(b)
|
|
13,905,000
|
12,506,637
|
|
3.90%, 10/19/2031(a)
|
|
14,000,000
|
12,445,142
|
|
6.90%, 02/28/2032(a)
|
|
11,401,000
|
11,812,217
|
|
|
|
|
36,763,996
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $1,280,738,171)
|
1,144,972,223
|
||
|
|
Shares
|
|
|
|
Money Market Funds-0.26%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(c)(d)
(Cost $3,095,940)
|
|
3,095,940
|
3,095,940
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-98.37%
(Cost $1,283,834,111)
|
1,148,068,163
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-5.68%
|
|||
|
Invesco Private Government Fund,
4.32%(c)(d)(e)
|
|
18,411,828
|
18,411,828
|
|
Invesco Private Prime Fund, 4.46%(c)(d)(e)
|
|
47,829,484
|
47,839,050
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $66,250,878)
|
66,250,878
|
||
|
TOTAL INVESTMENTS IN SECURITIES-104.05%
(Cost $1,350,084,989)
|
1,214,319,041
|
||
|
OTHER ASSETS LESS LIABILITIES-(4.05)%
|
(47,291,492
)
|
||
|
NET ASSETS-100.00%
|
$1,167,027,549
|
||
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2025 was $777,166,864, which represented 66.59% of the Fund’s Net Assets.
|
|
(b)
|
All or a portion of this security was out on loan at July 31, 2025.
|
|
(c)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2025.
|
|
|
Value
October 31, 2024
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2025
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
$1,189,395
|
$66,234,658
|
$(64,328,113
)
|
$-
|
$-
|
$3,095,940
|
$82,122
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
13,407,358
|
95,053,609
|
(90,049,139
)
|
-
|
-
|
18,411,828
|
607,631
*
|
|
Invesco Private Prime Fund
|
35,021,651
|
226,920,036
|
(214,098,751
)
|
2,041
|
(5,927
)
|
47,839,050
|
1,622,218
*
|
|
Total
|
$49,618,404
|
$388,208,303
|
$(368,476,003
)
|
$2,041
|
$(5,927
)
|
$69,346,818
|
$2,311,971
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(d)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2025.
|
|
(e)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Dollar Denominated Bonds & Notes-97.40%
|
|||
|
Angola-0.25%
|
|||
|
Azule Energy Finance PLC, 8.13%,
01/23/2030(a)
|
$
|
450,000
|
$453,681
|
|
Argentina-2.18%
|
|||
|
Pampa Energia S.A., 7.88%, 12/16/2034(a)
|
|
300,000
|
302,400
|
|
Pluspetrol S.A., 8.50%, 05/30/2032(a)
|
|
280,000
|
286,300
|
|
Telecom Argentina S.A.
|
|
|
|
|
9.50%, 07/18/2031(a)
|
|
370,000
|
393,347
|
|
9.25%, 05/28/2033(a)
|
|
430,000
|
444,943
|
|
Vista Energy Argentina S.A.U, 7.63%,
12/10/2035(a)
|
|
240,000
|
235,788
|
|
Vista Energy Argentina S.A.U., 8.50%,
06/10/2033(a)
|
|
215,000
|
220,859
|
|
YPF S.A.
|
|
|
|
|
6.95%, 07/21/2027(a)
|
|
260,000
|
260,166
|
|
9.00%, 06/30/2029(a)
|
|
285,942
|
295,985
|
|
9.50%, 01/17/2031(a)
|
|
310,000
|
328,236
|
|
8.75%, 09/11/2031(a)
|
|
300,000
|
312,905
|
|
7.00%, 09/30/2033(a)
|
|
230,000
|
220,334
|
|
8.25%, 01/17/2034(a)
|
|
460,000
|
465,285
|
|
7.00%, 12/15/2047(a)
|
|
255,000
|
218,169
|
|
|
|
|
3,984,717
|
|
Australia-1.69%
|
|||
|
Fortescue Treasury Pty Ltd.
|
|
|
|
|
4.50%, 09/15/2027(a)
|
|
232,000
|
228,872
|
|
5.88%, 04/15/2030(a)
|
|
319,000
|
323,236
|
|
4.38%, 04/01/2031(a)
|
|
644,000
|
603,866
|
|
6.13%, 04/15/2032(a)
|
|
316,000
|
322,514
|
|
Infrabuild Australia Pty Ltd., 14.50%,
11/15/2028(a)
|
|
293,000
|
319,139
|
|
Mineral Resources Ltd.
|
|
|
|
|
8.13%, 05/01/2027(a)
|
|
310,000
|
311,195
|
|
8.00%, 11/01/2027(a)
|
|
293,000
|
298,142
|
|
9.25%, 10/01/2028(a)
|
|
414,000
|
433,211
|
|
8.50%, 05/01/2030(a)
|
|
242,000
|
247,980
|
|
|
|
|
3,088,155
|
|
Azerbaijan-0.20%
|
|||
|
State Oil Co. of the Azerbaijan Republic
(The), 6.95%, 03/18/2030(a)
|
|
340,000
|
362,182
|
|
Bahrain-1.18%
|
|||
|
Bank of Bahrain and Kuwait B.S.C., 6.88%,
06/06/2029(a)
|
|
200,000
|
202,621
|
|
Bapco Energies B.S.C. Closed
|
|
|
|
|
7.50%, 10/25/2027(a)
|
|
370,000
|
381,122
|
|
8.38%, 11/07/2028(a)
|
|
200,000
|
212,878
|
|
Bapco Energies Sukuk Ltd.
|
|
|
|
|
5.25%, 04/08/2029(a)(b)
|
|
400,000
|
394,974
|
|
6.63%, 05/25/2033(a)(b)
|
|
400,000
|
414,648
|
|
6.25%, 01/29/2035(a)(b)
|
|
350,000
|
355,651
|
|
GFH Senior Sukuk Ltd., 7.50%,
11/06/2029(a)
|
|
200,000
|
200,491
|
|
|
|
|
2,162,385
|
|
Belgium-0.22%
|
|||
|
Telenet Finance Luxembourg Notes S.a.r.l.,
5.50%, 03/01/2028(a)
|
|
400,000
|
396,965
|
|
Bermuda-0.12%
|
|||
|
RLGH Finance Bermuda Ltd., 8.25%,
07/17/2031(a)
|
|
200,000
|
223,949
|
|
|
Principal
Amount
|
Value
|
|
|
Brazil-11.90%
|
|||
|
3R Lux S.a.r.l., 9.75%, 02/05/2031(a)
|
$
|
200,000
|
$206,500
|
|
Acu Petroleo (Luxembourg) S.a.r.l., 7.50%,
01/13/2032(a)
|
|
238,732
|
240,614
|
|
Aegea Finance S.a.r.l.
|
|
|
|
|
6.75%, 05/20/2029(a)
|
|
220,000
|
222,198
|
|
9.00%, 01/20/2031(a)(b)
|
|
400,000
|
430,295
|
|
Amaggi (Luxembourg) International S.a.r.l.,
5.25%, 01/28/2028(a)
|
|
360,000
|
354,360
|
|
Ambipar Lux S.a.r.l., 9.88%, 02/06/2031(a)
|
|
200,000
|
181,460
|
|
B3 S.A. - Brasil, Bolsa, Balcao, 4.13%,
09/20/2031(a)
|
|
260,000
|
237,050
|
|
Banco Bradesco S.A.
|
|
|
|
|
4.38%, 03/18/2027(a)
|
|
220,000
|
219,106
|
|
6.50%, 01/22/2030(a)
|
|
390,000
|
407,355
|
|
Banco BTG Pactual S.A.
|
|
|
|
|
2.75%, 01/11/2026(a)
|
|
220,000
|
217,449
|
|
6.25%, 04/08/2029(a)
|
|
170,000
|
175,197
|
|
5.75%, 01/22/2030(a)
|
|
200,000
|
200,838
|
|
Banco do Brasil S.A.
|
|
|
|
|
3.25%, 09/30/2026(a)
|
|
260,000
|
254,887
|
|
4.88%, 01/11/2029(a)
|
|
220,000
|
216,301
|
|
6.25%, 04/18/2030(a)
|
|
290,000
|
297,129
|
|
6.00%, 03/18/2031(a)(b)
|
|
290,000
|
294,483
|
|
Banco Votorantim S.A., 5.88%,
04/08/2028(a)
|
|
200,000
|
204,100
|
|
Braskem America Finance Co., 7.13%,
07/22/2041(a)
|
|
320,000
|
212,977
|
|
Braskem Netherlands Finance B.V.
|
|
|
|
|
4.50%, 01/10/2028(a)
|
|
650,000
|
496,559
|
|
4.50%, 01/31/2030(a)
|
|
640,000
|
454,990
|
|
8.50%, 01/12/2031(a)
|
|
400,000
|
316,007
|
|
7.25%, 02/13/2033(a)
|
|
460,000
|
328,237
|
|
8.00%, 10/15/2034(a)(b)
|
|
300,000
|
213,600
|
|
5.88%, 01/31/2050(a)
|
|
290,000
|
172,883
|
|
BRF S.A.
|
|
|
|
|
4.88%, 01/24/2030(a)
|
|
260,000
|
249,938
|
|
5.75%, 09/21/2050(a)
|
|
260,000
|
214,058
|
|
Caixa Economica Federal, 5.63%,
05/13/2030(a)
|
|
400,000
|
401,150
|
|
Centrais Eletricas Brasileiras S.A.
|
|
|
|
|
4.63%, 02/04/2030(a)
|
|
350,000
|
332,755
|
|
6.50%, 01/11/2035(a)
|
|
460,000
|
457,700
|
|
Constellation Oil Services Holding S.A.,
9.38%, 11/07/2029(a)(b)
|
|
300,000
|
307,611
|
|
Cosan (Luxembourg) S.A., 5.50%,
09/20/2029(a)
|
|
180,000
|
176,072
|
|
CSN Inova Ventures, 6.75%, 01/28/2028(a)
|
|
480,000
|
457,426
|
|
CSN Resources S.A.
|
|
|
|
|
8.88%, 12/05/2030(a)
|
|
300,000
|
297,674
|
|
4.63%, 06/10/2031(a)
|
|
330,000
|
260,399
|
|
5.88%, 04/08/2032(a)
|
|
220,000
|
181,667
|
|
Itau Unibanco Holding S.A., 6.00%,
02/27/2030(a)
|
|
400,000
|
410,250
|
|
Klabin Austria GmbH
|
|
|
|
|
5.75%, 04/03/2029(a)
|
|
330,000
|
333,266
|
|
7.00%, 04/03/2049(a)
|
|
340,000
|
345,603
|
|
LD Celulose International GmbH, 7.95%,
01/26/2032(a)
|
|
270,000
|
282,454
|
|
MARB BondCo PLC, 3.95%, 01/29/2031(a)
|
|
455,000
|
404,320
|
|
MC Brazil Downstream Trading S.a.r.l.,
7.25%, 06/30/2031(a)
|
|
757,133
|
618,578
|
|
|
Principal
Amount
|
Value
|
|
|
Brazil-(continued)
|
|||
|
Minerva (Luxembourg) S.A.
|
|
|
|
|
4.38%, 03/18/2031(a)
|
$
|
438,000
|
$392,303
|
|
8.88%, 09/13/2033(a)
|
|
400,000
|
435,755
|
|
Movida Europe S.A., 7.85%, 04/11/2029(a)
|
|
200,000
|
189,413
|
|
MV24 Capital B.V., 6.75%, 06/01/2034(a)
|
|
366,160
|
364,710
|
|
Petrobras Global Finance B.V.
|
|
|
|
|
7.38%, 01/17/2027
|
|
235,000
|
242,329
|
|
6.00%, 01/27/2028
|
|
398,000
|
404,372
|
|
5.60%, 01/03/2031(b)
|
|
377,000
|
382,004
|
|
6.50%, 07/03/2033(b)
|
|
390,000
|
401,530
|
|
6.00%, 01/13/2035
|
|
375,000
|
364,026
|
|
6.88%, 01/20/2040
|
|
268,000
|
268,942
|
|
6.75%, 01/27/2041
|
|
253,000
|
248,947
|
|
7.25%, 03/17/2044
|
|
356,000
|
361,878
|
|
5.50%, 06/10/2051
|
|
211,000
|
165,238
|
|
6.85%, 06/05/2115
|
|
560,000
|
500,897
|
|
Petrorio Luxembourg Holding S.a.r.l., 6.13%,
06/09/2026(a)
|
|
270,000
|
270,321
|
|
Rede D’or Finance S.a.r.l.
|
|
|
|
|
4.95%, 01/17/2028(a)
|
|
220,000
|
218,053
|
|
4.50%, 01/22/2030(a)
|
|
360,000
|
342,767
|
|
Rumo Luxembourg S.a.r.l.
|
|
|
|
|
5.25%, 01/10/2028(a)
|
|
220,000
|
219,390
|
|
4.20%, 01/18/2032(a)
|
|
200,000
|
181,885
|
|
Samarco Mineracao S.A., 9.00% PIK Rate,
0.50% Cash Rate, 06/30/2031(a)(c)
|
|
1,958,698
|
1,941,032
|
|
Simpar Europe S.A., 5.20%, 01/26/2031(a)
|
|
280,000
|
224,350
|
|
Trident Energy Finance PLC, 12.50%,
11/30/2029(a)
|
|
400,000
|
413,167
|
|
Usiminas International S.a.r.l., 7.50%,
01/27/2032(a)
|
|
200,000
|
205,050
|
|
XP, Inc., 6.75%, 07/02/2029(a)
|
|
170,000
|
173,536
|
|
Yinson Boronia Production B.V., 8.95%,
07/31/2042(a)
|
|
545,149
|
588,785
|
|
|
|
|
21,786,176
|
|
Canada-12.70%
|
|||
|
1011778 BC ULC/New Red Finance, Inc.
|
|
|
|
|
3.88%, 01/15/2028(a)
|
|
703,000
|
678,661
|
|
4.38%, 01/15/2028(a)
|
|
387,000
|
378,609
|
|
3.50%, 02/15/2029(a)
|
|
287,000
|
271,885
|
|
6.13%, 06/15/2029(a)(b)
|
|
600,000
|
613,901
|
|
5.63%, 09/15/2029(a)
|
|
225,000
|
226,624
|
|
4.00%, 10/15/2030(a)
|
|
1,162,000
|
1,078,048
|
|
Air Canada, 3.88%, 08/15/2026(a)
|
|
563,000
|
557,423
|
|
Algonquin Power & Utilities Corp., 4.75%,
01/18/2082(d)
|
|
292,000
|
283,763
|
|
AltaGas Ltd., 7.20%, 10/15/2054(a)(d)
|
|
400,000
|
404,065
|
|
Baffinland Iron Mines Corp./Baffinland Iron
Mines L.P., 8.75%, 07/15/2026(a)
|
|
220,000
|
207,596
|
|
Baytex Energy Corp.
|
|
|
|
|
8.50%, 04/30/2030(a)
|
|
325,000
|
331,015
|
|
7.38%, 03/15/2032(a)
|
|
300,000
|
290,376
|
|
Bell Canada
|
|
|
|
|
6.88%, 09/15/2055(d)
|
|
480,000
|
489,558
|
|
7.00%, 09/15/2055(d)
|
|
550,000
|
559,565
|
|
Bombardier, Inc.
|
|
|
|
|
6.00%, 02/15/2028(a)
|
|
392,000
|
394,896
|
|
7.50%, 02/01/2029(a)
|
|
287,000
|
298,311
|
|
8.75%, 11/15/2030(a)
|
|
310,000
|
333,986
|
|
7.25%, 07/01/2031(a)
|
|
350,000
|
365,910
|
|
7.00%, 06/01/2032(a)
|
|
360,000
|
372,866
|
|
|
Principal
Amount
|
Value
|
|
|
Canada-(continued)
|
|||
|
6.75%, 06/15/2033(a)
|
$
|
200,000
|
$205,814
|
|
7.45%, 05/01/2034(a)
|
|
239,000
|
258,869
|
|
Brookfield Residential Properties,
Inc./Brookfield Residential U.S. LLC
|
|
|
|
|
6.25%, 09/15/2027(a)
|
|
240,000
|
239,722
|
|
4.88%, 02/15/2030(a)
|
|
190,000
|
172,980
|
|
Capstone Copper Corp., 6.75%,
03/31/2033(a)
|
|
240,000
|
244,758
|
|
Dye & Durham Ltd., 8.63%, 04/15/2029(a)
|
|
300,000
|
312,866
|
|
Emera, Inc., Series 16-A, 6.75%,
06/15/2076(d)
|
|
470,000
|
474,575
|
|
Enerflex Ltd., 9.00%, 10/15/2027(a)
|
|
215,000
|
222,153
|
|
Garda World Security Corp.
|
|
|
|
|
4.63%, 02/15/2027(a)
|
|
318,000
|
315,419
|
|
6.00%, 06/01/2029(a)
|
|
200,000
|
196,649
|
|
8.25%, 08/01/2032(a)
|
|
300,000
|
309,630
|
|
8.38%, 11/15/2032(a)
|
|
400,000
|
412,402
|
|
goeasy Ltd.
|
|
|
|
|
9.25%, 12/01/2028(a)
|
|
300,000
|
317,813
|
|
7.63%, 07/01/2029(a)
|
|
200,000
|
206,111
|
|
Great Canadian Gaming Corp., 8.75%,
11/15/2029(a)
|
|
200,000
|
195,979
|
|
Hudbay Minerals, Inc.
|
|
|
|
|
4.50%, 04/01/2026(a)
|
|
232,000
|
230,296
|
|
6.13%, 04/01/2029(a)
|
|
232,000
|
233,617
|
|
Husky Injection Molding Systems Ltd./Titan
Co-Borrower LLC, 9.00%, 02/15/2029(a)
|
|
430,000
|
444,270
|
|
Ivanhoe Mines Ltd., 7.88%,
01/23/2030(a)(b)
|
|
400,000
|
402,304
|
|
Jones Deslauriers Insurance Management,
Inc.
|
|
|
|
|
8.50%, 03/15/2030(a)
|
|
276,000
|
291,447
|
|
10.50%, 12/15/2030(a)
|
|
200,000
|
212,726
|
|
Kronos Acquisition Holdings, Inc., 8.25%,
06/30/2031(a)
|
|
200,000
|
173,850
|
|
Mattamy Group Corp.
|
|
|
|
|
5.25%, 12/15/2027(a)
|
|
190,000
|
188,786
|
|
4.63%, 03/01/2030(a)
|
|
230,000
|
220,890
|
|
MEG Energy Corp., 5.88%, 02/01/2029(a)
|
|
232,000
|
232,660
|
|
Methanex Corp.
|
|
|
|
|
5.13%, 10/15/2027
|
|
279,000
|
277,817
|
|
5.25%, 12/15/2029(b)
|
|
365,000
|
361,841
|
|
Northriver Midstream Finance L.P., 6.75%,
07/15/2032(a)
|
|
300,000
|
305,690
|
|
NOVA Chemicals Corp.
|
|
|
|
|
5.25%, 06/01/2027(a)
|
|
507,000
|
505,425
|
|
4.25%, 05/15/2029(a)
|
|
220,000
|
210,290
|
|
9.00%, 02/15/2030(a)
|
|
275,000
|
295,843
|
|
Open Text Corp.
|
|
|
|
|
3.88%, 02/15/2028(a)
|
|
400,000
|
385,384
|
|
3.88%, 12/01/2029(a)
|
|
391,000
|
366,372
|
|
Open Text Holdings, Inc.
|
|
|
|
|
4.13%, 02/15/2030(a)
|
|
342,000
|
320,906
|
|
4.13%, 12/01/2031(a)
|
|
253,000
|
230,517
|
|
Parkland Corp.
|
|
|
|
|
5.88%, 07/15/2027(a)
|
|
190,000
|
190,325
|
|
4.50%, 10/01/2029(a)
|
|
309,000
|
297,946
|
|
4.63%, 05/01/2030(a)
|
|
309,000
|
296,597
|
|
6.63%, 08/15/2032(a)
|
|
200,000
|
204,613
|
|
|
Principal
Amount
|
Value
|
|
|
Canada-(continued)
|
|||
|
RB Global Holdings, Inc.
|
|
|
|
|
6.75%, 03/15/2028(a)
|
$
|
210,000
|
$215,227
|
|
7.75%, 03/15/2031(a)
|
|
308,000
|
323,167
|
|
Rogers Communications, Inc.
|
|
|
|
|
7.00%, 04/15/2055(d)
|
|
450,000
|
461,192
|
|
7.13%, 04/15/2055(b)(d)
|
|
480,000
|
491,430
|
|
5.25%, 03/15/2082(a)(d)
|
|
302,000
|
298,290
|
|
Saturn Oil & Gas, Inc., 9.63%,
06/15/2029(a)
|
|
234,000
|
231,926
|
|
South Bow Canadian Infrastructure Holdings
Ltd., 7.50%, 03/01/2055(a)(d)
|
|
250,000
|
259,962
|
|
Strathcona Resources Ltd., 6.88%,
08/01/2026(a)
|
|
195,000
|
195,409
|
|
Superior Plus L.P./Superior General Partner,
Inc., 4.50%, 03/15/2029(a)
|
|
230,000
|
219,619
|
|
Taseko Mines Ltd., 8.25%, 05/01/2030(a)
|
|
200,000
|
209,077
|
|
TELUS Corp.
|
|
|
|
|
6.63%, 10/15/2055(d)
|
|
290,000
|
293,793
|
|
7.00%, 10/15/2055(d)
|
|
330,000
|
334,923
|
|
Toucan FinCo Ltd./Toucan FinCo Can,
Inc./Toucan FinCo US LLC, 9.50%,
05/15/2030(a)
|
|
400,000
|
409,918
|
|
Wrangler Holdco Corp., 6.63%,
04/01/2032(a)
|
|
200,000
|
206,796
|
|
|
|
|
23,253,939
|
|
Cayman Islands-0.23%
|
|||
|
Global Aircraft Leasing Co. Ltd., 8.75%,
09/01/2027(a)
|
|
415,000
|
429,063
|
|
Chile-0.86%
|
|||
|
AES Andes S.A., 8.15%, 06/10/2055(a)(d)
|
|
200,000
|
209,806
|
|
Agrosuper S.A., 4.60%, 01/20/2032(a)
|
|
220,000
|
206,258
|
|
Falabella S.A., 3.38%, 01/15/2032(a)
|
|
290,000
|
252,502
|
|
LATAM Airlines Group S.A., 7.88%,
04/15/2030(a)
|
|
700,000
|
725,025
|
|
Telefonica Moviles Chile S.A., 3.54%,
11/18/2031(a)
|
|
280,000
|
184,450
|
|
|
|
|
1,578,041
|
|
China-3.92%
|
|||
|
Bank of Communications Co. Ltd.,
3.80%(a)(d)(e)
|
|
1,300,000
|
1,294,605
|
|
CFAMC III Co. Ltd.
|
|
|
|
|
4.75%, 04/27/2027(a)
|
|
300,000
|
300,075
|
|
4.25%, 11/07/2027(a)
|
|
500,000
|
493,755
|
|
CFAMC IV Co. Ltd., 4.50%, 05/29/2029(a)
|
|
200,000
|
195,874
|
|
Fortune Star (BVI) Ltd.
|
|
|
|
|
5.00%, 05/18/2026(a)
|
|
220,000
|
218,104
|
|
5.05%, 01/27/2027(a)
|
|
220,000
|
215,059
|
|
8.50%, 05/19/2028(a)
|
|
200,000
|
205,698
|
|
Franshion Brilliant Ltd.
|
|
|
|
|
4.25%, 07/23/2029(a)
|
|
200,000
|
180,166
|
|
6.00%(a)(d)(e)
|
|
220,000
|
219,982
|
|
Greentown China Holdings Ltd., 8.45%,
02/24/2028(a)
|
|
200,000
|
205,640
|
|
Industrial and Commercial Bank of China
Ltd., 3.20%(a)(d)(e)
|
|
2,682,000
|
2,634,423
|
|
Longfor Group Holdings Ltd., 4.50%,
01/16/2028(a)
|
|
200,000
|
180,892
|
|
Vanke Real Estate (Hong Kong) Co. Ltd.,
3.98%, 11/09/2027(a)
|
|
530,000
|
429,611
|
|
|
Principal
Amount
|
Value
|
|
|
China-(continued)
|
|||
|
West China Cement Ltd., 4.95%,
07/08/2026(a)
|
$
|
220,000
|
$203,177
|
|
Westwood Group Holdings Ltd., 2.80%,
01/20/2026(a)
|
|
200,000
|
198,460
|
|
|
|
|
7,175,521
|
|
Colombia-3.78%
|
|||
|
AI Candelaria (Spain) S.A., 5.75%,
06/15/2033(a)
|
|
195,000
|
168,364
|
|
Banco de Bogota S.A., 6.25%,
05/12/2026(a)
|
|
390,000
|
392,403
|
|
Ecopetrol S.A.
|
|
|
|
|
8.63%, 01/19/2029
|
|
339,000
|
364,000
|
|
6.88%, 04/29/2030
|
|
591,000
|
591,963
|
|
4.63%, 11/02/2031
|
|
410,000
|
354,337
|
|
7.75%, 02/01/2032
|
|
480,000
|
478,296
|
|
8.88%, 01/13/2033
|
|
610,000
|
640,176
|
|
8.38%, 01/19/2036
|
|
500,000
|
494,081
|
|
7.38%, 09/18/2043(b)
|
|
308,000
|
265,660
|
|
5.88%, 05/28/2045
|
|
570,000
|
404,536
|
|
5.88%, 11/02/2051
|
|
230,000
|
157,192
|
|
Empresas Publicas de Medellin E.S.P.
|
|
|
|
|
4.25%, 07/18/2029(a)
|
|
400,000
|
370,845
|
|
4.38%, 02/15/2031(a)(b)
|
|
260,000
|
234,075
|
|
EnfraGen Energia Sur S.A./EnfraGen Spain
S.A./Prime Energia S.p.A., 5.38%,
12/30/2030(a)
|
|
245,000
|
223,250
|
|
Gran Tierra Energy, Inc., 9.50%,
10/15/2029(a)
|
|
300,000
|
250,854
|
|
Grupo Aval Ltd., 4.38%, 02/04/2030(a)
|
|
450,000
|
413,630
|
|
Grupo Nutresa S.A.
|
|
|
|
|
8.00%, 05/12/2030(a)
|
|
400,000
|
422,100
|
|
9.00%, 05/12/2035(a)
|
|
400,000
|
441,326
|
|
SierraCol Energy Andina LLC, 6.00%,
06/15/2028(a)
|
|
270,000
|
253,556
|
|
|
|
|
6,920,644
|
|
Costa Rica-0.11%
|
|||
|
Instituto Costarricense de Electricidad,
6.38%, 05/15/2043(a)
|
|
220,000
|
202,891
|
|
Czech Republic-0.18%
|
|||
|
Allwyn Entertainment Financing (UK) PLC,
7.88%, 04/30/2029(a)(b)
|
|
310,000
|
322,904
|
|
Dominican Republic-0.11%
|
|||
|
Aeropuertos Dominicanos Siglo XXI S.A.,
7.00%, 06/30/2034(a)
|
|
200,000
|
206,554
|
|
Finland-0.19%
|
|||
|
Amer Sports Co., 6.75%, 02/16/2031(a)
|
|
330,000
|
343,550
|
|
France-1.79%
|
|||
|
Calderys Financing LLC, 11.25%,
06/01/2028(a)
|
|
210,000
|
222,133
|
|
Electricite de France S.A., 9.13%(a)(b)(d)(e)
|
|
620,000
|
711,992
|
|
Forvia SE, 8.00%, 06/15/2030(a)
|
|
200,000
|
208,565
|
|
Iliad Holding S.A.S.U.
|
|
|
|
|
7.00%, 10/15/2028(a)
|
|
400,000
|
406,376
|
|
8.50%, 04/15/2031(a)
|
|
420,000
|
450,849
|
|
7.00%, 04/15/2032(a)
|
|
350,000
|
359,674
|
|
Opal Bidco SAS, 6.50%, 03/31/2032(a)
|
|
540,000
|
545,757
|
|
Vallourec SACA, 7.50%, 04/15/2032(a)
|
|
350,000
|
370,977
|
|
|
|
|
3,276,323
|
|
|
Principal
Amount
|
Value
|
|
|
Georgia-0.11%
|
|||
|
Georgian Railway JSC, 4.00%,
06/17/2028(a)
|
$
|
220,000
|
$202,465
|
|
Germany-1.44%
|
|||
|
Cerdia Finanz GmbH, 9.38%, 10/03/2031(a)
|
|
350,000
|
367,164
|
|
IHO Verwaltungs GmbH, 7.75% PIK Rate,
8.50% Cash Rate, 11/15/2030(a)(c)
|
|
200,000
|
205,451
|
|
Mercer International, Inc., 5.13%,
02/01/2029(b)
|
|
339,000
|
273,391
|
|
TK Elevator U.S. Newco, Inc., 5.25%,
07/15/2027(a)
|
|
650,000
|
647,597
|
|
ZF North America Capital, Inc.
|
|
|
|
|
6.88%, 04/14/2028(a)
|
|
217,000
|
216,743
|
|
7.13%, 04/14/2030(a)
|
|
320,000
|
310,424
|
|
6.75%, 04/23/2030(a)
|
|
365,000
|
347,594
|
|
6.88%, 04/23/2032(a)
|
|
280,000
|
261,515
|
|
|
|
|
2,629,879
|
|
Ghana-0.36%
|
|||
|
Kosmos Energy Ltd., 8.75%, 10/01/2031(a)
|
|
200,000
|
154,349
|
|
Tullow Oil PLC, 10.25%, 05/15/2026(a)
|
|
550,000
|
496,375
|
|
|
|
|
650,724
|
|
Guatemala-0.54%
|
|||
|
Central American Bottling Corp./CBC Bottling
Holdco S.L./Beliv Holdco S.L., 5.25%,
04/27/2029(a)
|
|
429,000
|
417,311
|
|
CT Trust, 5.13%, 02/03/2032(a)
|
|
300,000
|
282,395
|
|
Investment Energy Resources Ltd., 6.25%,
04/26/2029(a)
|
|
290,000
|
284,967
|
|
|
|
|
984,673
|
|
Hong Kong-1.87%
|
|||
|
Bank of East Asia Ltd. (The), 5.83%(a)(d)(e)
|
|
290,000
|
289,771
|
|
CAS Capital No. 1 Ltd., 4.00%(a)(d)(e)
|
|
340,000
|
333,366
|
|
China CITIC Bank International Ltd.
|
|
|
|
|
3.25%(a)(d)(e)
|
|
270,000
|
266,879
|
|
4.80%(a)(d)(e)
|
|
270,000
|
269,722
|
|
Melco Resorts Finance Ltd.
|
|
|
|
|
5.25%, 04/26/2026(a)
|
|
270,000
|
269,490
|
|
5.63%, 07/17/2027(a)
|
|
270,000
|
269,592
|
|
5.75%, 07/21/2028(a)
|
|
430,000
|
422,084
|
|
5.38%, 12/04/2029(a)
|
|
490,000
|
469,455
|
|
7.63%, 04/17/2032(a)
|
|
250,000
|
257,332
|
|
Nanyang Commercial Bank Ltd.,
6.50%(a)(d)(e)
|
|
290,000
|
293,246
|
|
Seaspan Corp., 5.50%, 08/01/2029(a)
|
|
287,000
|
273,538
|
|
|
|
|
3,414,475
|
|
Hungary-0.37%
|
|||
|
OTP Bank Nyrt.
|
|
|
|
|
8.75%, 05/15/2033(a)(d)
|
|
240,000
|
257,840
|
|
7.30%, 07/30/2035(a)(d)
|
|
400,000
|
416,273
|
|
|
|
|
674,113
|
|
India-3.72%
|
|||
|
Biocon Biologics Global PLC, 6.67%,
10/09/2029(a)
|
|
370,000
|
348,535
|
|
CA Magnum Holdings, 5.38%,
10/31/2026(a)
|
|
400,000
|
398,467
|
|
Continuum Green Energy India Pvt./Co-
Issuers, 7.50%, 06/26/2033(a)
|
|
212,190
|
218,953
|
|
|
Principal
Amount
|
Value
|
|
|
India-(continued)
|
|||
|
Delhi International Airport Ltd.
|
|
|
|
|
6.13%, 10/31/2026(a)
|
$
|
200,000
|
$202,138
|
|
6.45%, 06/04/2029(a)
|
|
220,000
|
226,777
|
|
Diamond II Ltd., 7.95%, 07/28/2026(a)
|
|
200,000
|
201,687
|
|
Greenko Dutch B.V., 3.85%, 03/29/2026(a)
|
|
398,640
|
393,154
|
|
Greenko Power II Ltd., 4.30%,
12/13/2028(a)
|
|
319,000
|
302,719
|
|
Greenko Wind Projects (Mauritius) Ltd.,
7.25%, 09/27/2028(a)
|
|
400,000
|
407,483
|
|
IRB Infrastructure Developers Ltd., 7.11%,
03/11/2032(a)
|
|
400,000
|
403,907
|
|
JSW Hydro Energy Ltd., 4.13%,
05/18/2031(a)
|
|
227,200
|
210,012
|
|
JSW Steel Ltd.
|
|
|
|
|
3.95%, 04/05/2027(a)
|
|
428,000
|
416,581
|
|
5.05%, 04/05/2032(a)
|
|
220,000
|
206,825
|
|
Muthoot Finance Ltd.
|
|
|
|
|
7.13%, 02/14/2028(a)
|
|
260,000
|
266,128
|
|
6.38%, 04/23/2029(a)
|
|
200,000
|
200,235
|
|
Periama Holdings LLC, 5.95%,
04/19/2026(a)
|
|
340,000
|
341,185
|
|
ReNew Wind Energy AP2/ReNew Power Pvt
Ltd. other 9 Subsidiaries, 4.50%,
07/14/2028(a)
|
|
260,000
|
246,453
|
|
Shriram Finance Ltd.
|
|
|
|
|
6.63%, 04/22/2027(a)
|
|
300,000
|
306,110
|
|
6.15%, 04/03/2028(a)
|
|
200,000
|
201,781
|
|
UPL Corp. Ltd., 4.63%, 06/16/2030(a)
|
|
200,000
|
182,274
|
|
Vedanta Resources Finance II PLC
|
|
|
|
|
10.88%, 09/17/2029(a)
|
|
500,000
|
512,181
|
|
9.48%, 07/24/2030(a)
|
|
200,000
|
197,229
|
|
11.25%, 12/03/2031(a)
|
|
200,000
|
209,131
|
|
9.85%, 04/24/2033(a)
|
|
200,000
|
200,837
|
|
|
|
|
6,800,782
|
|
Israel-2.70%
|
|||
|
Energean Israel Finance Ltd.
|
|
|
|
|
4.88%, 03/30/2026(a)
|
|
220,000
|
217,925
|
|
5.38%, 03/30/2028(a)
|
|
220,000
|
212,033
|
|
5.88%, 03/30/2031(a)
|
|
220,000
|
206,225
|
|
8.50%, 09/30/2033(a)
|
|
380,000
|
394,521
|
|
Leviathan Bond Ltd.
|
|
|
|
|
6.50%, 06/30/2027(a)
|
|
210,000
|
209,160
|
|
6.75%, 06/30/2030(a)
|
|
200,000
|
198,000
|
|
Teva Pharmaceutical Finance Co. LLC,
6.15%, 02/01/2036(b)
|
|
370,000
|
376,379
|
|
Teva Pharmaceutical Finance Netherlands III
B.V.
|
|
|
|
|
3.15%, 10/01/2026(b)
|
|
745,000
|
729,167
|
|
4.75%, 05/09/2027
|
|
210,000
|
208,693
|
|
6.75%, 03/01/2028(b)
|
|
420,000
|
434,436
|
|
5.13%, 05/09/2029(b)
|
|
420,000
|
420,180
|
|
8.13%, 09/15/2031
|
|
188,000
|
212,892
|
|
4.10%, 10/01/2046(b)
|
|
881,000
|
628,145
|
|
Teva Pharmaceutical Finance Netherlands IV
B.V., 5.75%, 12/01/2030
|
|
280,000
|
284,285
|
|
Teva Pharmaceuticals Finance Netherlands
B.V., 6.00%, 12/01/2032
|
|
200,000
|
203,901
|
|
|
|
|
4,935,942
|
|
|
Principal
Amount
|
Value
|
|
|
Italy-0.95%
|
|||
|
Efesto Bidco S.p.A. Efesto US LLC,
Series XR, 7.50%, 02/15/2032(a)
|
$
|
310,000
|
$316,989
|
|
FiberCop S.p.A.
|
|
|
|
|
6.38%, 11/15/2033(a)
|
|
200,000
|
194,738
|
|
6.00%, 09/30/2034(a)
|
|
200,000
|
189,910
|
|
7.20%, 07/18/2036(a)
|
|
200,000
|
199,040
|
|
7.72%, 06/04/2038(a)
|
|
200,000
|
199,473
|
|
Kedrion S.p.A., 6.50%, 09/01/2029(a)
|
|
400,000
|
387,378
|
|
Telecom Italia Capital S.A., 7.20%,
07/18/2036
|
|
236,000
|
247,893
|
|
|
|
|
1,735,421
|
|
Ivory Coast-0.11%
|
|||
|
Endeavour Mining PLC, 7.00%,
05/28/2030(a)
|
|
200,000
|
203,528
|
|
Japan-4.56%
|
|||
|
Nissan Motor Co. Ltd.
|
|
|
|
|
3.52%, 09/17/2025(a)
|
|
680,000
|
678,636
|
|
4.35%, 09/17/2027(a)
|
|
1,070,000
|
1,044,502
|
|
4.81%, 09/17/2030(a)(b)
|
|
1,070,000
|
984,252
|
|
Rakuten Group, Inc.
|
|
|
|
|
11.25%, 02/15/2027(a)
|
|
750,000
|
814,015
|
|
9.75%, 04/15/2029(a)(b)
|
|
825,000
|
908,174
|
|
5.13%(a)(d)(e)
|
|
370,000
|
364,727
|
|
6.25%(a)(d)(e)
|
|
430,000
|
401,277
|
|
8.13%(a)(d)(e)
|
|
200,000
|
198,895
|
|
SoftBank Group Corp.
|
|
|
|
|
4.00%, 07/06/2026(a)
|
|
300,000
|
295,950
|
|
5.13%, 09/19/2027(a)(b)
|
|
750,000
|
742,942
|
|
4.63%, 07/06/2028(a)
|
|
360,000
|
346,348
|
|
5.25%, 07/06/2031(a)(b)
|
|
610,000
|
572,291
|
|
7.00%, 07/08/2031(a)
|
|
200,000
|
204,384
|
|
6.88%(a)(b)(d)(e)
|
|
790,000
|
783,844
|
|
|
|
|
8,340,237
|
|
Jersey-0.21%
|
|||
|
Aston Martin Capital Holdings Ltd., 10.00%,
03/31/2029(a)(b)
|
|
400,000
|
381,821
|
|
Luxembourg-1.25%
|
|||
|
Albion Financing 1 S.a.r.l./Aggreko Holdings,
Inc., 7.00%, 05/21/2030(a)
|
|
580,000
|
598,436
|
|
Altice Financing S.A.
|
|
|
|
|
5.00%, 01/15/2028(a)
|
|
440,000
|
353,089
|
|
5.75%, 08/15/2029(a)
|
|
820,000
|
628,859
|
|
INEOS Finance PLC, 7.50%, 04/15/2029(a)
|
|
300,000
|
298,163
|
|
ION Trading Technologies S.a.r.l., 9.50%,
05/30/2029(a)
|
|
400,000
|
416,493
|
|
|
|
|
2,295,040
|
|
Macau-2.10%
|
|||
|
Champion Path Holdings Ltd.
|
|
|
|
|
4.50%, 01/27/2026(a)
|
|
220,000
|
218,866
|
|
4.85%, 01/27/2028(a)
|
|
220,000
|
213,820
|
|
MGM China Holdings Ltd.
|
|
|
|
|
5.88%, 05/15/2026(a)
|
|
340,000
|
340,246
|
|
4.75%, 02/01/2027(a)
|
|
340,000
|
336,897
|
|
7.13%, 06/26/2031(a)
|
|
200,000
|
208,657
|
|
Studio City Finance Ltd.
|
|
|
|
|
6.50%, 01/15/2028(a)
|
|
220,000
|
217,945
|
|
5.00%, 01/15/2029(a)
|
|
483,000
|
446,908
|
|
Wynn Macau Ltd.
|
|
|
|
|
5.50%, 01/15/2026(a)
|
|
500,000
|
499,731
|
|
|
Principal
Amount
|
Value
|
|
|
Macau-(continued)
|
|||
|
5.50%, 10/01/2027(a)
|
$
|
350,000
|
$349,099
|
|
5.63%, 08/26/2028(a)
|
|
610,000
|
603,726
|
|
5.13%, 12/15/2029(a)
|
|
428,000
|
412,121
|
|
|
|
|
3,848,016
|
|
Mexico-3.97%
|
|||
|
Alsea S.A.B. de C.V., 7.75%, 12/14/2026(a)
|
|
220,000
|
220,096
|
|
Borr IHC Ltd./Borr Finance LLC
|
|
|
|
|
10.00%, 11/15/2028(a)
|
|
577,470
|
554,653
|
|
10.38%, 11/15/2030(a)
|
|
277,791
|
262,450
|
|
Braskem Idesa S.A.P.I.
|
|
|
|
|
7.45%, 11/15/2029(a)
|
|
420,000
|
296,698
|
|
6.99%, 02/20/2032(a)
|
|
490,000
|
329,604
|
|
CEMEX S.A.B. de C.V., 5.13%(a)(d)(e)
|
|
450,000
|
446,135
|
|
Grupo Aeromexico S.A.B. de C.V., 8.63%,
11/15/2031(a)
|
|
200,000
|
195,500
|
|
Grupo Aeromexico, S.A.B. De C.V., 8.25%,
11/15/2029(a)
|
|
200,000
|
197,300
|
|
Nemak S.A.B. de C.V., 3.63%,
06/28/2031(a)
|
|
220,000
|
186,568
|
|
Petroleos Mexicanos
|
|
|
|
|
6.88%, 10/16/2025
|
|
60,000
|
60,099
|
|
4.50%, 01/23/2026
|
|
70,000
|
69,486
|
|
6.88%, 08/04/2026
|
|
184,000
|
184,854
|
|
6.49%, 01/23/2027
|
|
100,000
|
100,244
|
|
6.50%, 03/13/2027
|
|
270,000
|
270,275
|
|
5.35%, 02/12/2028
|
|
150,000
|
146,345
|
|
6.50%, 01/23/2029
|
|
80,000
|
79,810
|
|
8.75%, 06/02/2029
|
|
125,000
|
131,810
|
|
6.84%, 01/23/2030
|
|
160,000
|
157,549
|
|
5.95%, 01/28/2031(b)
|
|
350,000
|
325,088
|
|
6.70%, 02/16/2032
|
|
500,000
|
476,912
|
|
10.00%, 02/07/2033
|
|
160,000
|
178,518
|
|
6.63%, 06/15/2035
|
|
185,000
|
165,025
|
|
6.50%, 06/02/2041
|
|
120,000
|
95,129
|
|
5.50%, 06/27/2044
|
|
50,000
|
35,905
|
|
6.38%, 01/23/2045
|
|
94,000
|
71,042
|
|
5.63%, 01/23/2046
|
|
40,000
|
28,444
|
|
6.75%, 09/21/2047(b)
|
|
396,000
|
306,999
|
|
6.35%, 02/12/2048
|
|
120,000
|
92,129
|
|
7.69%, 01/23/2050
|
|
590,000
|
500,549
|
|
6.95%, 01/28/2060(b)
|
|
280,000
|
216,304
|
|
Saavi Energia S.a.r.l., 8.88%, 02/10/2035(a)
|
|
390,000
|
406,400
|
|
Total Play Telecomunicaciones S.A. de C.V.,
11.13%, 12/31/2032(a)
|
|
500,000
|
482,463
|
|
|
|
|
7,270,383
|
|
Moldova-0.11%
|
|||
|
Aragvi Finance International DAC, 11.13%,
11/20/2029(a)
|
|
200,000
|
201,474
|
|
Morocco-1.52%
|
|||
|
OCP S.A.
|
|
|
|
|
4.50%, 10/22/2025(a)
|
|
200,000
|
199,661
|
|
6.10%, 04/30/2030(a)
|
|
300,000
|
305,674
|
|
3.75%, 06/23/2031(a)
|
|
340,000
|
307,471
|
|
6.75%, 05/02/2034(a)
|
|
610,000
|
635,754
|
|
6.70%, 03/01/2036(a)
|
|
400,000
|
405,502
|
|
6.88%, 04/25/2044(a)
|
|
220,000
|
215,460
|
|
5.13%, 06/23/2051(a)
|
|
340,000
|
261,895
|
|
7.50%, 05/02/2054(a)
|
|
450,000
|
455,489
|
|
|
|
|
2,786,906
|
|
|
Principal
Amount
|
Value
|
|
|
Netherlands-1.32%
|
|||
|
OCI N.V., 6.70%, 03/16/2033(a)
|
$
|
220,000
|
$244,395
|
|
Sunrise FinCo I B.V., 4.88%, 07/15/2031(a)
|
|
660,000
|
622,786
|
|
Trivium Packaging Finance B.V., 12.25%,
01/15/2031(a)
|
|
260,000
|
273,224
|
|
VZ Secured Financing B.V., 5.00%,
01/15/2032(a)
|
|
621,000
|
546,771
|
|
Ziggo B.V., 4.88%, 01/15/2030(a)
|
|
531,000
|
491,019
|
|
Ziggo Bond Co. B.V., 5.13%, 02/28/2030(a)
|
|
269,000
|
234,963
|
|
|
|
|
2,413,158
|
|
Nigeria-0.69%
|
|||
|
Access Bank PLC, 6.13%, 09/21/2026(a)
|
|
229,000
|
228,646
|
|
IHS Holding Ltd.
|
|
|
|
|
6.25%, 11/29/2028(a)
|
|
420,000
|
414,181
|
|
7.88%, 05/29/2030(a)
|
|
150,000
|
152,215
|
|
8.25%, 11/29/2031(a)
|
|
200,000
|
204,662
|
|
Seplat Energy PLC, 9.13%, 03/21/2030(a)
|
|
250,000
|
258,300
|
|
|
|
|
1,258,004
|
|
Norway-0.28%
|
|||
|
Seadrill Finance Ltd., 8.38%, 08/01/2030(a)
|
|
200,000
|
204,491
|
|
TGS ASA, 8.50%, 01/15/2030(a)
|
|
300,000
|
306,777
|
|
|
|
|
511,268
|
|
Oman-1.32%
|
|||
|
Bank muscat SAOG, 4.75%, 03/17/2026(a)
|
|
220,000
|
219,847
|
|
Mazoon Assets Co. SAOC
|
|
|
|
|
5.20%, 11/08/2027(a)
|
|
220,000
|
221,760
|
|
5.50%, 02/14/2029(a)
|
|
200,000
|
204,103
|
|
5.25%, 10/09/2031(a)
|
|
400,000
|
402,591
|
|
OmGrid Funding Ltd., 5.20%,
05/16/2027(a)
|
|
220,000
|
221,296
|
|
OQ SAOC, 5.13%, 05/06/2028(a)
|
|
340,000
|
342,241
|
|
Oryx Funding Ltd., 5.80%, 02/03/2031(a)
|
|
270,000
|
277,785
|
|
OTEL Sukuk Ltd., 5.38%, 01/24/2031(a)
|
|
200,000
|
202,654
|
|
Oztel Holdings SPC Ltd., 6.63%,
04/24/2028(a)
|
|
310,000
|
323,964
|
|
|
|
|
2,416,241
|
|
Pakistan-0.11%
|
|||
|
Pakistan Water & Power Development
Authority, 7.50%, 06/04/2031(a)
|
|
235,000
|
209,934
|
|
Panama-0.84%
|
|||
|
AES Panama Generation Holdings S.R.L.,
4.38%, 05/31/2030(a)(b)
|
|
584,260
|
534,093
|
|
C&W Senior Finance Ltd., 9.00%,
01/15/2033(a)
|
|
250,000
|
258,034
|
|
Empresa de Transmision Electrica S.A.,
5.13%, 05/02/2049(a)
|
|
195,000
|
142,871
|
|
Sable International Finance Ltd., 7.13%,
10/15/2032(a)
|
|
388,000
|
388,453
|
|
Telecomunicaciones Digitales S.A., 4.50%,
01/30/2030(a)
|
|
220,000
|
206,712
|
|
|
|
|
1,530,163
|
|
Peru-0.80%
|
|||
|
Compania de Minas Buenaventura S.A.A.,
6.80%, 02/04/2032(a)
|
|
200,000
|
204,770
|
|
Peru LNG S.r.l., 5.38%, 03/22/2030(a)
|
|
350,028
|
333,774
|
|
Petroleos del Peru S.A.
|
|
|
|
|
4.75%, 06/19/2032(a)
|
|
390,000
|
311,990
|
|
5.63%, 06/19/2047(a)
|
|
900,000
|
607,481
|
|
|
|
|
1,458,015
|
|
|
Principal
Amount
|
Value
|
|
|
Poland-0.15%
|
|||
|
Canpack S.A./Canpack US LLC, 3.88%,
11/15/2029(a)
|
$
|
300,000
|
$279,688
|
|
Puerto Rico-0.36%
|
|||
|
LCPR Senior Secured Financing DAC
|
|
|
|
|
6.75%, 10/15/2027(a)
|
|
535,000
|
411,172
|
|
5.13%, 07/15/2029(a)
|
|
370,000
|
251,884
|
|
|
|
|
663,056
|
|
Russia-0.01%
|
|||
|
O1 Properties Finance PLC, 0.50% PIK Rate,
7.75% Cash Rate, 09/27/2028(a)(c)(f)
|
|
500,000
|
19,065
|
|
Saudi Arabia-0.48%
|
|||
|
Arabian Centres Sukuk II Ltd., 5.63%,
10/07/2026(a)
|
|
390,000
|
368,665
|
|
Arabian Centres Sukuk III Ltd., 9.50%,
03/06/2029(a)
|
|
200,000
|
204,686
|
|
Dar Al-Arkan Sukuk Co. Ltd., 8.00%,
02/25/2029(a)(b)
|
|
300,000
|
310,725
|
|
|
|
|
884,076
|
|
Serbia-0.27%
|
|||
|
Telecommunications co Telekom Srbija AD
Belgrade, 7.00%, 10/28/2029(a)
|
|
500,000
|
501,155
|
|
Singapore-0.23%
|
|||
|
GLP Pte. Ltd., 4.50%(a)(d)(e)
|
|
399,000
|
222,952
|
|
Puma International Financing S.A., 7.75%,
04/25/2029(a)
|
|
200,000
|
206,942
|
|
|
|
|
429,894
|
|
South Africa-1.58%
|
|||
|
Eskom Holdings SOC Ltd., 8.45%,
08/10/2028(a)
|
|
220,000
|
232,618
|
|
Liquid Telecommunications Financing PLC,
5.50%, 09/04/2026(a)
|
|
280,000
|
239,304
|
|
MTN (Mauritius) Investments Ltd., 6.50%,
10/13/2026(a)
|
|
220,000
|
222,025
|
|
Sasol Financing USA LLC
|
|
|
|
|
4.38%, 09/18/2026
|
|
190,000
|
188,395
|
|
6.50%, 09/27/2028
|
|
300,000
|
290,853
|
|
8.75%, 05/03/2029(a)
|
|
500,000
|
503,380
|
|
5.50%, 03/18/2031
|
|
337,000
|
280,818
|
|
Stillwater Mining Co.
|
|
|
|
|
4.00%, 11/16/2026(a)
|
|
260,000
|
255,145
|
|
4.50%, 11/16/2029(a)
|
|
227,000
|
208,067
|
|
Transnet SOC Ltd., 8.25%, 02/06/2028(a)
|
|
450,000
|
469,865
|
|
|
|
|
2,890,470
|
|
South Korea-0.15%
|
|||
|
SK Battery America, Inc., 2.13%,
01/26/2026(a)
|
|
280,000
|
275,328
|
|
Spain-0.15%
|
|||
|
Grifols S.A., 4.75%, 10/15/2028(a)
|
|
288,000
|
277,680
|
|
Sweden-0.19%
|
|||
|
Stena International S.A., 7.25%,
01/15/2031(a)
|
|
350,000
|
356,015
|
|
Switzerland-0.68%
|
|||
|
Consolidated Energy Finance S.A.
|
|
|
|
|
5.63%, 10/15/2028(a)
|
|
290,000
|
244,291
|
|
12.00%, 02/15/2031(a)
|
|
200,000
|
188,183
|
|
|
Principal
Amount
|
Value
|
|
|
Switzerland-(continued)
|
|||
|
VistaJet Malta Finance PLC/Vista
Management Holding, Inc.
|
|
|
|
|
7.88%, 05/01/2027(a)
|
$
|
195,000
|
$195,855
|
|
9.50%, 06/01/2028(a)
|
|
200,000
|
205,193
|
|
6.38%, 02/01/2030(a)
|
|
430,000
|
406,605
|
|
|
|
|
1,240,127
|
|
Tanzania-0.20%
|
|||
|
HTA Group, Ltd., 7.50%, 06/04/2029(a)
|
|
350,000
|
362,181
|
|
Thailand-0.44%
|
|||
|
Bangkok Bank PCL, 3.73%,
09/25/2034(a)(d)
|
|
490,000
|
456,406
|
|
Kasikornbank PCL, 3.34%, 10/02/2031(a)(d)
|
|
360,000
|
350,921
|
|
|
|
|
807,327
|
|
Togo-0.12%
|
|||
|
Ecobank Transnational, Inc., 10.13%,
10/15/2029(a)
|
|
200,000
|
210,999
|
|
Trinidad-0.25%
|
|||
|
Heritage Petroleum Co. Ltd., 9.00%,
08/12/2029(a)
|
|
220,000
|
226,919
|
|
Trinidad Generation Unlimited, 7.75%,
06/16/2033(a)
|
|
230,000
|
237,078
|
|
|
|
|
463,997
|
|
Turkey-6.79%
|
|||
|
Akbank T.A.S.
|
|
|
|
|
6.80%, 02/06/2026(a)
|
|
200,000
|
201,890
|
|
7.50%, 01/20/2030(a)
|
|
200,000
|
205,939
|
|
6.80%, 06/22/2031(a)(d)
|
|
240,000
|
239,522
|
|
Akbank Turk A.S., 7.88%, 09/04/2035(a)(d)
|
|
200,000
|
200,220
|
|
Anadolu Efes Biracilik ve Malt Sanayii A.S.,
3.38%, 06/29/2028(a)
|
|
220,000
|
200,680
|
|
Aydem Yenilenebilir Enerji A.S., 7.75%,
02/02/2027(a)
|
|
279,000
|
276,772
|
|
Eldorado Gold Corp., 6.25%, 09/01/2029(a)
|
|
195,000
|
195,437
|
|
Eregli Demir ve Celik Fabrikalari T.A.S.,
8.38%, 07/23/2029(a)
|
|
525,000
|
544,726
|
|
Ford Otomotiv Sanayi A.S., 7.13%,
04/25/2029(a)
|
|
200,000
|
202,201
|
|
GDZ Elektrik Dagitim AS, 9.00%,
10/15/2029(a)
|
|
200,000
|
194,350
|
|
Limak Cimento Sanayi ve Ticaret A.S.,
9.75%, 07/25/2029(a)
|
|
200,000
|
203,771
|
|
Limak Yenilenebilir Enerji AS, 9.63%,
08/12/2030(a)
|
|
200,000
|
199,742
|
|
Mersin Uluslararasi Liman Isletmeciligi A.S.,
8.25%, 11/15/2028(a)
|
|
200,000
|
208,764
|
|
Pegasus Hava Tasimaciligi A.S., 8.00%,
09/11/2031(a)
|
|
200,000
|
202,967
|
|
QNB Bank A.S., 7.25%, 05/21/2029(a)
|
|
200,000
|
209,315
|
|
Sisecam UK PLC
|
|
|
|
|
8.25%, 05/02/2029(a)
|
|
200,000
|
205,402
|
|
8.63%, 05/02/2032(a)(b)
|
|
475,000
|
489,744
|
|
T.C. Ziraat Bankasi A.S.
|
|
|
|
|
5.38%, 03/02/2026(a)
|
|
270,000
|
270,305
|
|
9.50%, 08/01/2026(a)
|
|
220,000
|
229,402
|
|
8.00%, 01/16/2029(a)
|
|
200,000
|
208,022
|
|
Turk Telekomunikasyon A.S., 7.38%,
05/20/2029(a)
|
|
200,000
|
206,206
|
|
|
Principal
Amount
|
Value
|
|
|
Turkey-(continued)
|
|||
|
Turkcell Iletisim Hizmetleri A.S.
|
|
|
|
|
7.45%, 01/24/2030(a)
|
$
|
200,000
|
$205,641
|
|
7.65%, 01/24/2032(a)
|
|
200,000
|
205,722
|
|
Turkiye Cumhuriyeti Ziraat Bankasi A.S.
|
|
|
|
|
7.25%, 02/04/2030(a)
|
|
400,000
|
402,249
|
|
8.99%, 08/02/2034(a)(d)
|
|
200,000
|
208,606
|
|
Turkiye Garanti Bankasi A.S.
|
|
|
|
|
8.38%, 02/28/2034(a)(d)
|
|
200,000
|
204,633
|
|
8.13%, 01/03/2035(a)(d)
|
|
400,000
|
405,122
|
|
Turkiye Ihracat Kredi Bankasi A.S.
|
|
|
|
|
9.38%, 01/31/2026(a)
|
|
220,000
|
224,454
|
|
5.75%, 07/06/2026(a)
|
|
340,000
|
341,102
|
|
9.00%, 01/28/2027(a)
|
|
200,000
|
210,425
|
|
7.50%, 02/06/2028(a)
|
|
200,000
|
205,804
|
|
Turkiye Is Bankasi A.S., 7.75%,
06/12/2029(a)
|
|
200,000
|
206,935
|
|
Turkiye Vakiflar Bankasi T.A.O.
|
|
|
|
|
6.50%, 01/08/2026(a)
|
|
340,000
|
341,856
|
|
5.50%, 10/01/2026(a)
|
|
235,000
|
236,224
|
|
9.00%, 10/12/2028(a)
|
|
270,000
|
289,845
|
|
6.88%, 01/07/2030(a)
|
|
200,000
|
199,235
|
|
8.99%, 10/05/2034(a)(d)
|
|
400,000
|
417,455
|
|
Ulker Biskuvi Sanayi A.S., 7.88%,
07/08/2031(a)
|
|
200,000
|
207,392
|
|
Vestel Elektronik Sanayi ve Ticaret A.S.,
9.75%, 05/15/2029(a)
|
|
200,000
|
163,243
|
|
WE Soda Investments Holding PLC
|
|
|
|
|
9.50%, 10/06/2028(a)
|
|
380,000
|
396,575
|
|
9.38%, 02/14/2031(a)
|
|
300,000
|
314,509
|
|
Yapi Ve Kredi Bankasi A.S.
|
|
|
|
|
9.25%, 10/16/2028(a)
|
|
290,000
|
312,597
|
|
7.13%, 10/10/2029(a)
|
|
150,000
|
151,041
|
|
7.25%, 03/03/2030(a)
|
|
200,000
|
201,709
|
|
7.88%, 01/22/2031(a)(d)
|
|
300,000
|
302,204
|
|
9.25%, 01/17/2034(a)(d)
|
|
220,000
|
231,664
|
|
Ziraat Katilim Varlik Kiralama A.S., 9.38%,
11/12/2026(a)
|
|
210,000
|
220,666
|
|
Zorlu Enerji Elektrik Uretim A.S., 11.00%,
04/23/2030(a)
|
|
550,000
|
533,299
|
|
|
|
|
12,435,584
|
|
Ukraine-0.11%
|
|||
|
Ukraine Railways Via Rail Capital Markets
PLC, 8.25%, 07/09/2026(a)
|
|
236,403
|
196,891
|
|
United Arab Emirates-1.64%
|
|||
|
Alpha Star Holding IX Ltd., 7.00%,
08/26/2028(a)
|
|
475,000
|
486,492
|
|
Alpha Star Holding VIII Ltd., 8.38%,
04/12/2027(a)
|
|
400,000
|
415,080
|
|
Arada Sukuk 2 Ltd., 8.00%, 06/24/2029(a)
|
|
200,000
|
206,667
|
|
Arada Sukuk Ltd., 8.13%, 06/08/2027(a)
|
|
200,000
|
205,404
|
|
Binghatti Sukuk SPC Ltd., 9.63%,
02/28/2027(a)
|
|
200,000
|
207,249
|
|
DP World Salaam, 6.00%(a)(d)(e)
|
|
670,000
|
670,450
|
|
MAF Global Securities Ltd., 7.88%(a)(d)(e)
|
|
220,000
|
227,421
|
|
Omniyat Sukuk 1 Ltd., 8.38%,
05/06/2028(a)
|
|
200,000
|
207,047
|
|
Shelf Drilling Holdings Ltd., 9.63%,
04/15/2029(a)
|
|
434,000
|
372,026
|
|
|
|
|
2,997,836
|
|
|
Principal
Amount
|
Value
|
|
|
United Kingdom-6.58%
|
|||
|
180 Medical, Inc., 3.88%, 10/15/2029(a)
|
$
|
220,000
|
$208,569
|
|
Ardonagh Finco Ltd., 7.75%, 02/15/2031(a)
|
|
650,000
|
678,296
|
|
Ardonagh Group Finance Ltd., 8.88%,
02/15/2032(a)
|
|
700,000
|
736,764
|
|
Belron UK Finance PLC, 5.75%,
10/15/2029(a)
|
|
400,000
|
404,004
|
|
British Telecommunications PLC, 4.25%,
11/23/2081(a)(d)
|
|
240,000
|
236,520
|
|
California Buyer Ltd./Atlantica Sustainable
Infrastructure PLC, 6.38%,
02/15/2032(a)
|
|
300,000
|
303,265
|
|
Connect Finco S.a.r.l./Connect US Finco LLC,
9.00%, 09/15/2029(a)
|
|
800,000
|
808,849
|
|
eG Global Finance PLC, 12.00%,
11/30/2028(a)
|
|
400,000
|
442,471
|
|
Global Auto Holdings Ltd./AAG FH UK Ltd.
|
|
|
|
|
8.38%, 01/15/2029(a)
|
|
200,000
|
186,280
|
|
11.50%, 08/15/2029(a)
|
|
200,000
|
198,701
|
|
8.75%, 01/15/2032(a)
|
|
200,000
|
177,275
|
|
Howden UK Refinance PLC/Howden UK
Refinance 2 PLC/Howden US
Refinance LLC
|
|
|
|
|
7.25%, 02/15/2031(a)
|
|
375,000
|
388,644
|
|
8.13%, 02/15/2032(a)
|
|
200,000
|
208,467
|
|
Ithaca Energy (North Sea) PLC, 8.13%,
10/15/2029(a)(b)
|
|
250,000
|
258,353
|
|
Jaguar Land Rover Automotive PLC
|
|
|
|
|
7.75%, 10/15/2025(a)
|
|
200,000
|
200,030
|
|
4.50%, 10/01/2027(a)
|
|
220,000
|
216,067
|
|
5.88%, 01/15/2028(a)
|
|
220,000
|
220,860
|
|
Merlin Entertainments Group U.S. Holdings,
Inc., 7.38%, 02/15/2031(a)
|
|
200,000
|
174,757
|
|
Panama Infrastructure Receivable Purchaser
PLC, 0.00%, 04/05/2032(a)(g)
|
|
550,000
|
400,326
|
|
Standard Chartered PLC, 7.01%(a)(d)(e)
|
|
300,000
|
310,230
|
|
Virgin Media Finance PLC, 5.00%,
07/15/2030(a)
|
|
420,000
|
379,030
|
|
Virgin Media Secured Finance PLC
|
|
|
|
|
5.50%, 05/15/2029(a)
|
|
581,000
|
568,319
|
|
4.50%, 08/15/2030(a)
|
|
410,000
|
381,638
|
|
Virgin Media Vendor Financing Notes IV DAC,
5.00%, 07/15/2028(a)
|
|
220,000
|
213,551
|
|
VMED 02 UK Financing I PLC, 7.75%,
04/15/2032(a)
|
|
300,000
|
312,886
|
|
VMED O2 UK Financing I PLC
|
|
|
|
|
4.25%, 01/31/2031(a)
|
|
561,000
|
511,720
|
|
4.75%, 07/15/2031(a)
|
|
730,000
|
676,148
|
|
Vodafone Group PLC
|
|
|
|
|
7.00%, 04/04/2079(b)(d)
|
|
921,000
|
963,866
|
|
3.25%, 06/04/2081(d)
|
|
188,000
|
183,203
|
|
4.13%, 06/04/2081(b)(d)
|
|
430,000
|
396,671
|
|
5.13%, 06/04/2081(d)
|
|
413,000
|
319,238
|
|
Zegona Finance PLC, 8.63%, 07/15/2029(a)
|
|
350,000
|
373,100
|
|
|
|
|
12,038,098
|
|
United States-2.38%
|
|||
|
Ardagh Packaging Finance PLC/Ardagh
Holdings USA, Inc., 4.13%,
08/15/2026(a)
|
|
350,000
|
345,931
|
|
Avianca Midco 2 PLC
|
|
|
|
|
9.00%, 12/01/2028(a)
|
|
450,000
|
430,313
|
|
9.63%, 02/14/2030(a)
|
|
350,000
|
325,817
|
|
|
Principal
Amount
|
Value
|
|
|
United States-(continued)
|
|||
|
CNG Holdings, Inc., 14.50%, 06/30/2026(a)
|
$
|
300,000
|
$281,430
|
|
Constellium SE, 3.75%, 04/15/2029(a)
|
|
250,000
|
234,824
|
|
Dresdner Funding Trust I, 8.15%,
06/30/2031(a)
|
|
450,000
|
496,926
|
|
Garrett Motion Holdings, Inc./Garrett LX I
S.a.r.l., 7.75%, 05/31/2032(a)
|
|
325,000
|
337,535
|
|
GFL Environmental, Inc.
|
|
|
|
|
4.00%, 08/01/2028(a)(b)
|
|
387,000
|
375,395
|
|
4.75%, 06/15/2029(a)
|
|
386,000
|
377,721
|
|
4.38%, 08/15/2029(a)(b)
|
|
210,000
|
203,823
|
|
6.75%, 01/15/2031(a)
|
|
400,000
|
415,035
|
|
Methanex US Operations, Inc., 6.25%,
03/15/2032(a)
|
|
325,000
|
322,411
|
|
Playtika Holding Corp., 4.25%,
03/15/2029(a)
|
|
231,000
|
211,433
|
|
|
|
|
4,358,594
|
|
Uzbekistan-0.70%
|
|||
|
JSC Uzbekneftegaz, 8.75%, 05/07/2030(a)
|
|
300,000
|
315,641
|
|
Navoi Mining & Metallurgical Combinat,
6.95%, 10/17/2031(a)
|
|
250,000
|
258,415
|
|
Navoiy Kon-Metallurgiya Kombinati
Aksiyadorlik Jamiyati
|
|
|
|
|
6.70%, 10/17/2028(a)
|
|
200,000
|
204,968
|
|
6.75%, 05/14/2030(a)
|
|
200,000
|
205,161
|
|
Uzbekneftegaz JSC, 4.75%, 11/16/2028(a)
|
|
310,000
|
290,838
|
|
|
|
|
1,275,023
|
|
Zambia-1.08%
|
|||
|
First Quantum Minerals Ltd.
|
|
|
|
|
6.88%, 10/15/2027(a)
|
|
270,000
|
270,649
|
|
9.38%, 03/01/2029(a)
|
|
700,000
|
742,673
|
|
8.63%, 06/01/2031(a)
|
|
581,000
|
605,695
|
|
8.00%, 03/01/2033(a)
|
|
350,000
|
361,085
|
|
|
|
|
1,980,102
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $174,101,240)
|
178,263,488
|
||
|
|
Shares
|
|
|
|
Common Stocks & Other Equity Interests-0.13%
|
|||
|
Spain-0.00%
|
|||
|
Codere Online Luxembourg S.A., Wts.,
expiring 10/15/2034(a)(h)(i)
|
|
10
|
46
|
|
United States-0.13%
|
|||
|
Hornbeck Offshore Services, Inc.(h)(j)
|
|
323
|
15,302
|
|
Hornbeck Offshore Services, Inc., Wts.,
TBA(h)(j)
|
|
3,246
|
153,779
|
|
Hornbeck Offshore Services, Inc., Wts.,
TBA(h)(j)
|
|
2,673
|
50,119
|
|
Premier Brands Group Holdings Co.(h)(k)
|
|
3,222
|
6,980
|
|
TRU Taj LLC/TRU Taj Finance, Inc.(h)
|
|
2,156
|
2,156
|
|
|
|
|
228,336
|
|
Total Common Stocks & Other Equity Interests
(Cost $178,938)
|
228,382
|
||
|
|
|||
|
Preferred Stocks-0.00%
|
|||
|
Guitar Center Holdings, Inc., Series A, Pfd.,
0.00%(i)(l)
(Cost $220,500)
|
|
2,000
|
4,000
|
|
|
Shares
|
Value
|
|
|
Money Market Funds-0.86%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(m)(n)
(Cost $1,580,432)
|
|
1,580,432
|
$1,580,432
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-98.39%
(Cost $176,081,110)
|
180,076,302
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-7.70%
|
|||
|
Invesco Private Government Fund,
4.32%(m)(n)(o)
|
|
3,920,861
|
3,920,861
|
|
|
Shares
|
Value
|
|
|
Money Market Funds-(continued)
|
|||
|
Invesco Private Prime Fund, 4.46%(m)(n)(o)
|
|
10,177,462
|
$10,179,497
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $14,100,394)
|
14,100,358
|
||
|
TOTAL INVESTMENTS IN SECURITIES-106.09%
(Cost $190,181,504)
|
194,176,660
|
||
|
OTHER ASSETS LESS LIABILITIES-(6.09)%
|
(11,149,074
)
|
||
|
NET ASSETS-100.00%
|
$183,027,586
|
||
|
Investment Abbreviations:
|
|
Pfd.-Preferred
|
|
PIK-Pay-in-Kind
|
|
TBA-To Be Announced
|
|
Wts.-Warrants
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2025 was $156,809,751, which represented 85.68% of the Fund’s Net Assets.
|
|
(b)
|
All or a portion of this security was out on loan at July 31, 2025.
|
|
(c)
|
All or a portion of this security is Pay-in-Kind. Pay-in-Kind securities pay interest
income in the form of securities.
|
|
(d)
|
Security issued at a fixed rate for a specific period of time, after which it will
convert to a variable rate.
|
|
(e)
|
Perpetual bond with no specified maturity date.
|
|
(f)
|
Defaulted security. Currently, the issuer is in default with respect to principal
and/or interest payments. The value of this security at July 31, 2025 represented
less than 1% of the Fund’s Net Assets.
|
|
(g)
|
Denotes a zero coupon security issued at a substantial discount from its value at
maturity.
|
|
(h)
|
Non-income producing security.
|
|
(i)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(j)
|
Acquired as part of the Hornbeck Offshore Services, Inc. reorganization.
|
|
(k)
|
Acquired as part of the Nine West Holding, Inc. reorganization.
|
|
(l)
|
Acquired as part of the Guitar Center, Inc. reorganization.
|
|
(m)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2025.
|
|
|
Value
October 31, 2024
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2025
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$2,305,374
|
$24,802,338
|
$(25,527,280
)
|
$-
|
$-
|
$1,580,432
|
$40,968
|
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
3,371,166
|
13,544,516
|
(12,994,821
)
|
-
|
-
|
3,920,861
|
80,298
*
|
|
Invesco Private Prime Fund
|
8,773,029
|
36,950,583
|
(35,543,466
)
|
263
|
(912
)
|
10,179,497
|
214,727
*
|
|
Total
|
$14,449,569
|
$75,297,437
|
$(74,065,567
)
|
$263
|
$(912
)
|
$15,680,790
|
$335,993
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(n)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2025.
|
|
(o)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Principal
Amount
|
Value
|
|
|
Non-U.S. Dollar Denominated Bonds & Notes-98.32%(a)
|
|||
|
Australia-2.45%
|
|||
|
APA Infrastructure Ltd., 3.50%,
03/22/2030(b)
|
GBP
|
449,000
|
$558,720
|
|
Australia & New Zealand Banking Group
Ltd., 0.75%, 09/29/2026(b)
|
EUR
|
200,000
|
224,710
|
|
Australia and New Zealand Banking
Group Ltd., 4.95%, 02/05/2029
|
AUD
|
550,000
|
363,785
|
|
BHP Billiton Finance Ltd., Series 12,
4.30%, 09/25/2042
|
GBP
|
650,000
|
709,431
|
|
Commonwealth Bank of Australia,
4.90%, 08/17/2028
|
AUD
|
500,000
|
329,844
|
|
National Australia Bank Ltd.
|
|
|
|
|
2.90%, 02/25/2027
|
AUD
|
800,000
|
508,101
|
|
1.38%, 08/30/2028(b)
|
EUR
|
200,000
|
221,004
|
|
4.85%, 03/22/2029
|
AUD
|
600,000
|
395,910
|
|
3.13%, 02/28/2030(b)
|
EUR
|
300,000
|
348,519
|
|
Sydney Airport Finance Co. Pty. Ltd.,
4.38%, 05/03/2033(b)
|
EUR
|
100,000
|
120,899
|
|
Westpac Banking Corp.
|
|
|
|
|
5.00%, 01/15/2029
|
AUD
|
600,000
|
397,424
|
|
5.10%, 05/14/2029
|
AUD
|
800,000
|
532,788
|
|
|
|
|
4,711,135
|
|
Belgium-0.34%
|
|||
|
Anheuser-Busch InBev S.A./N.V.,
3.88%, 05/19/2038(b)
|
EUR
|
250,000
|
287,867
|
|
Belfius Bank S.A., 4.13%, 09/12/2029
|
EUR
|
300,000
|
361,697
|
|
|
|
|
649,564
|
|
Canada-19.17%
|
|||
|
Bank of Montreal
|
|
|
|
|
3.65%, 04/01/2027
|
CAD
|
1,220,000
|
888,437
|
|
4.31%, 06/01/2027
|
CAD
|
1,450,000
|
1,067,990
|
|
4.71%, 12/07/2027
|
CAD
|
1,500,000
|
1,118,086
|
|
5.04%, 05/29/2028
|
CAD
|
1,200,000
|
905,301
|
|
4.54%, 12/18/2028
|
CAD
|
1,200,000
|
896,500
|
|
4.42%, 07/17/2029
|
CAD
|
1,150,000
|
857,258
|
|
3.73%, 06/03/2031(c)
|
CAD
|
900,000
|
649,415
|
|
Bank of Nova Scotia (The)
|
|
|
|
|
2.95%, 03/08/2027
|
CAD
|
2,250,000
|
1,621,325
|
|
4.68%, 02/01/2029
|
CAD
|
1,200,000
|
901,959
|
|
3.50%, 04/17/2029(b)
|
EUR
|
100,000
|
116,963
|
|
Bell Canada
|
|
|
|
|
3.80%, 08/21/2028
|
CAD
|
550,000
|
401,269
|
|
4.55%, 02/09/2030
|
CAD
|
600,000
|
447,243
|
|
2.50%, 05/14/2030
|
CAD
|
650,000
|
446,234
|
|
3.00%, 03/17/2031
|
CAD
|
650,000
|
447,127
|
|
5.85%, 11/10/2032
|
CAD
|
750,000
|
592,758
|
|
5.15%, 08/24/2034
|
CAD
|
700,000
|
528,907
|
|
Brookfield Finance II, Inc., 5.43%,
12/14/2032(b)
|
CAD
|
550,000
|
424,505
|
|
Canadian Imperial Bank of Commerce
|
|
|
|
|
5.00%, 12/07/2026
|
CAD
|
700,000
|
518,381
|
|
2.25%, 01/07/2027
|
CAD
|
990,000
|
707,633
|
|
4.95%, 06/29/2027
|
CAD
|
1,250,000
|
931,503
|
|
5.05%, 10/07/2027
|
CAD
|
1,100,000
|
824,107
|
|
5.50%, 01/14/2028
|
CAD
|
800,000
|
606,537
|
|
CDP Financial, Inc.
|
|
|
|
|
4.10%, 06/13/2030(b)
|
AUD
|
1,100,000
|
707,534
|
|
2.75%, 02/13/2032(b)
|
EUR
|
250,000
|
282,915
|
|
Cenovus Energy, Inc., 3.50%,
02/07/2028
|
CAD
|
750,000
|
541,125
|
|
|
Principal
Amount
|
Value
|
|
|
Canada-(continued)
|
|||
|
Coastal Gaslink Pipeline L.P.
|
|
|
|
|
Series J, 5.86%, 03/30/2049
|
CAD
|
550,000
|
$445,295
|
|
Series K, 5.86%, 06/30/2049
|
CAD
|
650,000
|
526,441
|
|
Federation des caisses Desjardins du
Quebec
|
|
|
|
|
4.41%, 05/19/2027
|
CAD
|
600,000
|
442,942
|
|
5.47%, 11/17/2028
|
CAD
|
800,000
|
613,614
|
|
3.80%, 09/24/2029
|
CAD
|
700,000
|
509,723
|
|
Hydro One, Inc., 4.25%, 01/04/2035
|
CAD
|
630,000
|
458,428
|
|
National Bank of Canada
|
|
|
|
|
5.22%, 06/14/2028
|
CAD
|
1,100,000
|
835,206
|
|
5.02%, 02/01/2029
|
CAD
|
850,000
|
645,805
|
|
OMERS Finance Trust, 3.25%,
01/28/2035(b)
|
EUR
|
250,000
|
284,152
|
|
Ontario Teachers’ Finance Trust
|
|
|
|
|
1.85%, 05/03/2032(b)
|
EUR
|
300,000
|
319,674
|
|
0.90%, 05/20/2041(b)
|
EUR
|
200,000
|
153,368
|
|
Original Wempi, Inc., 7.79%,
10/04/2027
|
CAD
|
500,000
|
388,554
|
|
Rogers Communications, Inc.
|
|
|
|
|
3.65%, 03/31/2027
|
CAD
|
900,000
|
653,829
|
|
4.25%, 04/15/2032
|
CAD
|
550,000
|
397,672
|
|
6.75%, 11/09/2039
|
CAD
|
820,000
|
686,426
|
|
Royal Bank of Canada
|
|
|
|
|
4.63%, 05/01/2028
|
CAD
|
1,450,000
|
1,084,267
|
|
2.13%, 04/26/2029(b)
|
EUR
|
200,000
|
223,905
|
|
5.23%, 06/24/2030
|
CAD
|
800,000
|
620,558
|
|
TELUS Corp.
|
|
|
|
|
5.25%, 11/15/2032
|
CAD
|
700,000
|
535,667
|
|
Series CY, 3.30%, 05/02/2029
|
CAD
|
650,000
|
464,922
|
|
Toronto-Dominion Bank (The)
|
|
|
|
|
2.26%, 01/07/2027
|
CAD
|
1,050,000
|
750,581
|
|
0.50%, 01/18/2027(b)
|
EUR
|
200,000
|
222,966
|
|
4.21%, 06/01/2027
|
CAD
|
1,600,000
|
1,176,933
|
|
5.38%, 10/21/2027
|
CAD
|
1,200,000
|
906,551
|
|
4.48%, 01/18/2028
|
CAD
|
1,200,000
|
892,733
|
|
5.49%, 09/08/2028
|
CAD
|
900,000
|
690,420
|
|
4.68%, 01/08/2029
|
CAD
|
1,550,000
|
1,164,482
|
|
3.63%, 12/13/2029(b)
|
EUR
|
250,000
|
294,798
|
|
1.95%, 04/08/2030(b)
|
EUR
|
350,000
|
382,946
|
|
3.56%, 04/16/2031(b)
|
EUR
|
200,000
|
233,462
|
|
3.13%, 08/03/2032(b)
|
EUR
|
100,000
|
113,367
|
|
TransCanada PipeLines Ltd.
|
|
|
|
|
3.80%, 04/05/2027
|
CAD
|
1,250,000
|
909,895
|
|
5.28%, 07/15/2030(b)
|
CAD
|
750,000
|
576,598
|
|
4.58%, 02/20/2035
|
CAD
|
600,000
|
433,108
|
|
4.34%, 10/15/2049(b)
|
CAD
|
550,000
|
350,869
|
|
|
|
|
36,821,169
|
|
Denmark-1.86%
|
|||
|
Carlsberg Breweries A/S
|
|
|
|
|
3.00%, 08/28/2029(b)
|
EUR
|
250,000
|
288,484
|
|
3.25%, 02/28/2032(b)
|
EUR
|
100,000
|
114,430
|
|
3.50%, 02/28/2035(b)
|
EUR
|
150,000
|
170,663
|
|
5.50%, 02/28/2039(b)
|
GBP
|
300,000
|
391,169
|
|
DSV Finance B.V.
|
|
|
|
|
3.13%, 11/06/2028(b)
|
EUR
|
100,000
|
116,141
|
|
3.25%, 11/06/2030(b)
|
EUR
|
200,000
|
231,776
|
|
Novo Nordisk Finance (Netherlands)
B.V.
|
|
|
|
|
2.38%, 05/27/2028(b)
|
EUR
|
250,000
|
285,594
|
|
2.88%, 08/27/2030(b)
|
EUR
|
200,000
|
229,675
|
|
|
Principal
Amount
|
Value
|
|
|
Denmark-(continued)
|
|||
|
3.38%, 05/21/2034(b)
|
EUR
|
200,000
|
$229,921
|
|
3.63%, 05/27/2037(b)
|
EUR
|
200,000
|
229,844
|
|
Orsted A/S
|
|
|
|
|
4.88%, 01/12/2032(b)
|
GBP
|
400,000
|
511,737
|
|
5.75%, 04/09/2040(b)
|
GBP
|
338,000
|
418,271
|
|
5.38%, 09/13/2042(b)
|
GBP
|
300,000
|
348,342
|
|
|
|
|
3,566,047
|
|
Finland-0.73%
|
|||
|
Nordea Bank Abp
|
|
|
|
|
1.13%, 02/16/2027(b)
|
EUR
|
130,000
|
146,189
|
|
4.13%, 05/05/2028(b)
|
EUR
|
200,000
|
239,082
|
|
0.50%, 11/02/2028(b)
|
EUR
|
200,000
|
214,598
|
|
2.50%, 05/23/2029(b)
|
EUR
|
200,000
|
227,088
|
|
3.38%, 06/11/2029(b)
|
EUR
|
200,000
|
235,088
|
|
2.75%, 05/02/2030(b)
|
EUR
|
100,000
|
114,406
|
|
3.63%, 03/15/2034(b)
|
EUR
|
200,000
|
234,114
|
|
|
|
|
1,410,565
|
|
France-25.12%
|
|||
|
Abertis France SAS, 1.48%,
01/18/2031(b)
|
EUR
|
100,000
|
104,178
|
|
Action Logement Services
|
|
|
|
|
0.38%, 10/05/2031(b)
|
EUR
|
200,000
|
194,769
|
|
1.38%, 04/13/2032(b)
|
EUR
|
200,000
|
204,518
|
|
0.50%, 10/30/2034(b)
|
EUR
|
100,000
|
88,032
|
|
4.13%, 10/03/2038(b)
|
EUR
|
100,000
|
116,887
|
|
0.75%, 07/19/2041(b)
|
EUR
|
200,000
|
142,475
|
|
3.63%, 05/25/2043(b)
|
EUR
|
200,000
|
214,842
|
|
Aeroports de Paris S.A., 2.75%,
04/02/2030(b)
|
EUR
|
400,000
|
454,686
|
|
Airbus SE
|
|
|
|
|
1.63%, 06/09/2030(b)
|
EUR
|
300,000
|
327,564
|
|
2.38%, 04/07/2032(b)
|
EUR
|
200,000
|
222,263
|
|
2.38%, 06/09/2040(b)
|
EUR
|
200,000
|
195,093
|
|
Autoroutes du Sud de la France S.A.,
1.38%, 02/21/2031(b)
|
EUR
|
100,000
|
105,227
|
|
Ayvens S.A.
|
|
|
|
|
3.88%, 02/22/2027(b)
|
EUR
|
200,000
|
233,902
|
|
3.88%, 01/24/2028(b)
|
EUR
|
200,000
|
236,031
|
|
4.88%, 10/06/2028(b)
|
EUR
|
100,000
|
121,575
|
|
Banque Federative du Credit Mutuel
|
|
|
|
|
3.00%, 05/07/2030(b)
|
EUR
|
200,000
|
229,176
|
|
3.63%, 03/07/2035(b)
|
EUR
|
200,000
|
227,878
|
|
Banque Federative du Credit Mutuel S.A.
|
|
|
|
|
3.13%, 09/14/2027(b)
|
EUR
|
300,000
|
348,763
|
|
3.88%, 01/26/2028(b)
|
EUR
|
200,000
|
236,608
|
|
0.25%, 07/19/2028(b)
|
EUR
|
100,000
|
106,936
|
|
0.63%, 11/03/2028(b)
|
EUR
|
200,000
|
214,414
|
|
4.13%, 03/13/2029(b)
|
EUR
|
200,000
|
239,720
|
|
1.75%, 03/15/2029(b)
|
EUR
|
200,000
|
220,914
|
|
1.88%, 06/18/2029(b)
|
EUR
|
200,000
|
219,053
|
|
2.63%, 11/06/2029(b)
|
EUR
|
200,000
|
225,867
|
|
0.75%, 01/17/2030(b)
|
EUR
|
100,000
|
103,990
|
|
4.38%, 05/02/2030(b)
|
EUR
|
200,000
|
241,408
|
|
1.25%, 06/03/2030(b)
|
EUR
|
100,000
|
105,244
|
|
0.63%, 02/21/2031(b)
|
EUR
|
400,000
|
397,908
|
|
3.25%, 10/17/2031(b)
|
EUR
|
200,000
|
230,404
|
|
4.75%, 11/10/2031(b)
|
EUR
|
200,000
|
246,822
|
|
1.13%, 01/19/2032(b)
|
EUR
|
300,000
|
299,557
|
|
5.13%, 01/13/2033(b)
|
EUR
|
300,000
|
371,922
|
|
3.75%, 02/01/2033(b)
|
EUR
|
300,000
|
352,573
|
|
|
Principal
Amount
|
Value
|
|
|
France-(continued)
|
|||
|
4.13%, 06/14/2033(b)
|
EUR
|
300,000
|
$361,794
|
|
4.38%, 01/11/2034(b)
|
EUR
|
300,000
|
353,417
|
|
3.75%, 02/03/2034(b)
|
EUR
|
100,000
|
116,654
|
|
BNP Paribas S.A.
|
|
|
|
|
0.13%, 09/04/2026(b)
|
EUR
|
200,000
|
224,228
|
|
2.25%, 01/11/2027(b)
|
EUR
|
200,000
|
228,671
|
|
1.50%, 05/23/2028(b)
|
EUR
|
100,000
|
111,746
|
|
1.38%, 05/28/2029(b)
|
EUR
|
300,000
|
325,564
|
|
3.63%, 09/01/2029(b)
|
EUR
|
200,000
|
236,037
|
|
1.63%, 07/02/2031(b)
|
EUR
|
200,000
|
207,772
|
|
1.25%, 07/13/2031(b)
|
GBP
|
600,000
|
640,798
|
|
2.10%, 04/07/2032(b)
|
EUR
|
300,000
|
318,037
|
|
5.75%, 06/13/2032(b)
|
GBP
|
500,000
|
684,385
|
|
0.63%, 12/03/2032(b)
|
EUR
|
400,000
|
378,701
|
|
4.13%, 05/24/2033(b)
|
EUR
|
300,000
|
365,027
|
|
4.10%, 02/13/2034(b)
|
EUR
|
200,000
|
238,155
|
|
2.00%, 09/13/2036(b)
|
GBP
|
400,000
|
376,372
|
|
Bouygues S.A.
|
|
|
|
|
2.25%, 06/29/2029(b)
|
EUR
|
100,000
|
112,662
|
|
0.50%, 02/11/2030(b)
|
EUR
|
200,000
|
206,473
|
|
3.88%, 07/17/2031(b)
|
EUR
|
200,000
|
238,228
|
|
4.63%, 06/07/2032(b)
|
EUR
|
200,000
|
247,783
|
|
3.25%, 06/30/2037(b)(d)
|
EUR
|
200,000
|
219,485
|
|
5.38%, 06/30/2042(b)
|
EUR
|
200,000
|
258,422
|
|
BPCE S.A.
|
|
|
|
|
0.50%, 02/24/2027(b)
|
EUR
|
100,000
|
111,457
|
|
3.50%, 01/25/2028(b)
|
EUR
|
200,000
|
235,042
|
|
4.38%, 07/13/2028(b)
|
EUR
|
200,000
|
240,674
|
|
3.88%, 01/11/2029(b)
|
EUR
|
200,000
|
236,668
|
|
5.25%, 04/16/2029(b)
|
GBP
|
400,000
|
531,946
|
|
0.25%, 01/14/2031(b)
|
EUR
|
300,000
|
297,693
|
|
0.75%, 03/03/2031(b)
|
EUR
|
200,000
|
201,509
|
|
1.00%, 01/14/2032(b)
|
EUR
|
200,000
|
197,858
|
|
4.00%, 11/29/2032(b)
|
EUR
|
200,000
|
240,764
|
|
4.50%, 01/13/2033(b)
|
EUR
|
100,000
|
121,532
|
|
3.88%, 01/25/2036(b)
|
EUR
|
300,000
|
352,770
|
|
Capgemini SE, 2.38%, 04/15/2032(b)
|
EUR
|
300,000
|
328,159
|
|
Cie de Saint-Gobain S.A.
|
|
|
|
|
3.75%, 11/29/2026(b)
|
EUR
|
100,000
|
116,493
|
|
3.38%, 04/08/2030(b)
|
EUR
|
300,000
|
350,591
|
|
3.88%, 11/29/2030(b)
|
EUR
|
300,000
|
358,075
|
|
1.88%, 03/15/2031(b)
|
EUR
|
100,000
|
107,586
|
|
3.63%, 04/08/2034(b)
|
EUR
|
100,000
|
116,514
|
|
Cie Generale des Etablissements Michelin
S.C.A., 1.75%, 09/03/2030(b)
|
EUR
|
200,000
|
217,755
|
|
Coentreprise de Transport d’Electricite
S.A.
|
|
|
|
|
1.50%, 07/29/2028(b)
|
EUR
|
200,000
|
221,023
|
|
2.13%, 07/29/2032(b)
|
EUR
|
200,000
|
210,535
|
|
Credit Agricole Assurances S.A.
|
|
|
|
|
2.00%, 07/17/2030(b)
|
EUR
|
300,000
|
323,183
|
|
1.50%, 10/06/2031(b)
|
EUR
|
400,000
|
407,873
|
|
Credit Agricole S.A.
|
|
|
|
|
1.88%, 12/20/2026(b)
|
EUR
|
400,000
|
455,589
|
|
0.13%, 12/09/2027
|
EUR
|
400,000
|
434,271
|
|
0.38%, 04/20/2028(b)
|
EUR
|
500,000
|
541,561
|
|
1.13%, 02/24/2029(b)
|
EUR
|
300,000
|
327,084
|
|
1.75%, 03/05/2029(b)
|
EUR
|
300,000
|
330,966
|
|
2.00%, 03/25/2029(b)
|
EUR
|
400,000
|
443,179
|
|
1.00%, 07/03/2029(b)
|
EUR
|
300,000
|
322,295
|
|
2.50%, 08/29/2029(b)(d)
|
EUR
|
500,000
|
569,297
|
|
|
Principal
Amount
|
Value
|
|
|
France-(continued)
|
|||
|
4.13%, 03/07/2030(b)
|
EUR
|
300,000
|
$362,836
|
|
3.88%, 04/20/2031(b)
|
EUR
|
400,000
|
477,647
|
|
0.88%, 01/14/2032(b)
|
EUR
|
400,000
|
396,862
|
|
3.13%, 02/26/2032(b)
|
EUR
|
200,000
|
229,236
|
|
1.13%, 07/12/2032(b)
|
EUR
|
300,000
|
296,573
|
|
4.00%, 01/18/2033(b)
|
EUR
|
200,000
|
240,313
|
|
4.38%, 11/27/2033(b)
|
EUR
|
300,000
|
364,020
|
|
3.75%, 01/22/2034(b)
|
EUR
|
300,000
|
353,643
|
|
3.88%, 11/28/2034(b)
|
EUR
|
300,000
|
355,322
|
|
3.75%, 05/27/2035(b)
|
EUR
|
200,000
|
230,243
|
|
4.13%, 02/26/2036(b)
|
EUR
|
500,000
|
591,572
|
|
Credit Mutuel Arkea S.A., 3.38%,
09/19/2027(b)
|
EUR
|
200,000
|
233,746
|
|
Dassault Systemes SE, 0.38%,
09/16/2029(b)
|
EUR
|
200,000
|
209,687
|
|
Electricite de France S.A.
|
|
|
|
|
1.00%, 10/13/2026(b)
|
EUR
|
300,000
|
337,908
|
|
3.75%, 06/05/2027(b)
|
EUR
|
200,000
|
234,024
|
|
6.25%, 05/30/2028(b)
|
GBP
|
300,000
|
414,426
|
|
4.38%, 10/12/2029(b)
|
EUR
|
200,000
|
242,552
|
|
4.63%, 04/26/2030(b)
|
EUR
|
350,000
|
430,271
|
|
2.00%, 10/02/2030(b)
|
EUR
|
100,000
|
108,614
|
|
4.13%, 06/17/2031(b)
|
EUR
|
200,000
|
239,363
|
|
5.88%, 07/18/2031
|
GBP
|
452,000
|
619,735
|
|
4.25%, 01/25/2032(b)
|
EUR
|
200,000
|
240,596
|
|
1.00%, 11/29/2033(b)
|
EUR
|
300,000
|
280,490
|
|
6.13%, 06/02/2034(b)
|
GBP
|
850,000
|
1,160,604
|
|
4.75%, 10/12/2034(b)
|
EUR
|
200,000
|
246,708
|
|
5.50%, 03/27/2037(b)
|
GBP
|
200,000
|
251,357
|
|
5.50%, 10/17/2041(b)
|
GBP
|
1,000,000
|
1,193,229
|
|
4.63%, 01/25/2043(b)
|
EUR
|
200,000
|
230,385
|
|
4.75%, 06/17/2044(b)
|
EUR
|
200,000
|
231,739
|
|
2.00%, 12/09/2049(b)
|
EUR
|
200,000
|
141,779
|
|
5.13%, 09/22/2050(b)
|
GBP
|
500,000
|
532,274
|
|
5.63%, 01/25/2053(b)
|
GBP
|
300,000
|
335,356
|
|
6.50%, 11/08/2064(b)
|
GBP
|
400,000
|
498,936
|
|
6.00%, 01/23/2114(b)
|
GBP
|
800,000
|
903,247
|
|
ENGIE S.A.
|
|
|
|
|
3.63%, 01/11/2030(b)
|
EUR
|
200,000
|
235,913
|
|
4.00%, 01/11/2035(b)
|
EUR
|
200,000
|
236,155
|
|
5.75%, 10/28/2050(b)
|
GBP
|
300,000
|
366,515
|
|
5.63%, 04/03/2053(b)
|
GBP
|
400,000
|
471,692
|
|
5.00%, 10/01/2060(b)
|
GBP
|
600,000
|
642,584
|
|
Kering S.A.
|
|
|
|
|
3.63%, 09/05/2031(b)
|
EUR
|
200,000
|
231,419
|
|
3.38%, 03/11/2032(b)(d)
|
EUR
|
200,000
|
226,091
|
|
3.88%, 09/05/2035(b)(d)
|
EUR
|
300,000
|
338,086
|
|
La Banque Postale S.A., 4.00%,
05/03/2028(b)
|
EUR
|
200,000
|
237,484
|
|
LVMH Moet Hennessy Louis Vuitton,
2.63%, 03/07/2029(b)
|
EUR
|
300,000
|
343,763
|
|
LVMH Moet Hennessy Louis Vuitton SE,
3.50%, 09/07/2033(b)
|
EUR
|
200,000
|
233,447
|
|
Orange S.A.
|
|
|
|
|
1.88%, 09/12/2030(b)
|
EUR
|
200,000
|
218,475
|
|
0.50%, 09/04/2032(b)
|
EUR
|
100,000
|
96,079
|
|
8.13%, 01/28/2033
|
EUR
|
250,000
|
378,203
|
|
0.63%, 12/16/2033(b)
|
EUR
|
300,000
|
276,976
|
|
5.63%, 01/23/2034
|
GBP
|
378,000
|
518,972
|
|
5.38%, 11/22/2050(b)
|
GBP
|
300,000
|
359,165
|
|
|
Principal
Amount
|
Value
|
|
|
France-(continued)
|
|||
|
Pernod Ricard S.A., 1.75%,
04/08/2030(b)
|
EUR
|
200,000
|
$217,468
|
|
RTE Reseau de Transport d’Electricite
SADIR, 3.75%, 07/04/2035(b)
|
EUR
|
200,000
|
232,894
|
|
Societe Generale S.A.
|
|
|
|
|
4.25%, 09/28/2026(b)
|
EUR
|
300,000
|
351,548
|
|
0.75%, 01/25/2027(b)
|
EUR
|
200,000
|
223,969
|
|
3.00%, 02/12/2027(b)
|
EUR
|
200,000
|
231,503
|
|
4.13%, 06/02/2027(b)
|
EUR
|
200,000
|
236,126
|
|
0.25%, 07/08/2027(b)
|
EUR
|
200,000
|
220,274
|
|
4.00%, 11/16/2027(b)
|
EUR
|
200,000
|
237,457
|
|
0.13%, 02/18/2028(b)
|
EUR
|
200,000
|
216,244
|
|
2.13%, 09/27/2028(b)
|
EUR
|
200,000
|
225,216
|
|
4.13%, 11/21/2028(b)
|
EUR
|
100,000
|
120,046
|
|
1.75%, 03/22/2029(b)
|
EUR
|
300,000
|
330,144
|
|
2.63%, 05/30/2029(b)
|
EUR
|
200,000
|
229,492
|
|
1.25%, 06/12/2030(b)
|
EUR
|
200,000
|
210,515
|
|
4.25%, 11/16/2032(b)(d)
|
EUR
|
200,000
|
245,333
|
|
5.63%, 06/02/2033(b)
|
EUR
|
200,000
|
254,610
|
|
6.25%, 06/22/2033(b)
|
GBP
|
300,000
|
425,348
|
|
Suez S.A.
|
|
|
|
|
2.88%, 05/24/2034(b)
|
EUR
|
200,000
|
215,432
|
|
6.63%, 10/05/2043(b)
|
GBP
|
400,000
|
545,963
|
|
TotalEnergies Capital International
|
|
|
|
|
3.16%, 03/03/2033(b)
|
EUR
|
100,000
|
113,915
|
|
3.85%, 03/03/2045(b)
|
EUR
|
200,000
|
215,008
|
|
TotalEnergies Capital International S.A.
|
|
|
|
|
1.99%, 04/08/2032(b)
|
EUR
|
300,000
|
321,781
|
|
1.62%, 05/18/2040(b)
|
EUR
|
200,000
|
170,998
|
|
Unibail-Rodamco-Westfield SE
|
|
|
|
|
0.63%, 05/04/2027(b)
|
EUR
|
200,000
|
222,211
|
|
1.38%, 12/04/2031(b)
|
EUR
|
200,000
|
202,141
|
|
Vinci S.A., 1.75%, 09/26/2030(b)
|
EUR
|
400,000
|
434,871
|
|
|
|
|
48,258,371
|
|
Germany-10.31%
|
|||
|
Allianz Finance II B.V., Series 62,
4.50%, 03/13/2043(b)
|
GBP
|
500,000
|
581,277
|
|
Amprion GmbH, 3.97%, 09/22/2032(b)
|
EUR
|
200,000
|
238,432
|
|
Aroundtown S.A., 0.38%,
04/15/2027(b)
|
EUR
|
200,000
|
220,904
|
|
BASF SE, 1.50%, 03/17/2031(b)
|
EUR
|
200,000
|
211,161
|
|
Bayer AG
|
|
|
|
|
0.75%, 01/06/2027(b)
|
EUR
|
300,000
|
335,298
|
|
0.38%, 01/12/2029(b)
|
EUR
|
200,000
|
210,767
|
|
1.13%, 01/06/2030(b)
|
EUR
|
300,000
|
316,243
|
|
0.63%, 07/12/2031(b)
|
EUR
|
200,000
|
196,476
|
|
1.38%, 07/06/2032(b)
|
EUR
|
200,000
|
199,978
|
|
4.63%, 05/26/2033(b)
|
EUR
|
200,000
|
244,994
|
|
Bayer Capital Corp. B.V., 2.13%,
12/15/2029(b)
|
EUR
|
300,000
|
331,114
|
|
BMW International Investment B.V.
|
|
|
|
|
3.00%, 08/27/2027(b)
|
EUR
|
384,000
|
445,081
|
|
3.13%, 07/22/2029(b)
|
EUR
|
150,000
|
174,061
|
|
BMW US Capital LLC
|
|
|
|
|
3.00%, 11/02/2027(b)
|
EUR
|
204,000
|
236,605
|
|
3.38%, 02/02/2034(b)
|
EUR
|
135,000
|
152,683
|
|
Deutsche Bahn AG
|
|
|
|
|
0.63%, 04/15/2036(b)
|
EUR
|
200,000
|
173,353
|
|
0.63%, 12/08/2050(b)
|
EUR
|
198,000
|
111,714
|
|
1.13%, 05/29/2051(b)
|
EUR
|
151,000
|
96,254
|
|
|
Principal
Amount
|
Value
|
|
|
Germany-(continued)
|
|||
|
Deutsche Bank AG, 1.63%,
01/20/2027(b)
|
EUR
|
300,000
|
$339,675
|
|
Deutsche Boerse AG, 3.88%,
09/28/2033(b)
|
EUR
|
300,000
|
360,626
|
|
Deutsche Post AG, 3.50%,
03/25/2036(b)
|
EUR
|
150,000
|
172,116
|
|
Deutsche Telekom AG, 3.63%,
02/03/2045(b)
|
EUR
|
150,000
|
161,522
|
|
E.ON International Finance B.V.
|
|
|
|
|
6.25%, 06/03/2030(b)
|
GBP
|
500,000
|
706,177
|
|
6.38%, 06/07/2032
|
GBP
|
582,000
|
828,511
|
|
4.75%, 01/31/2034(b)
|
GBP
|
400,000
|
508,277
|
|
5.88%, 10/30/2037(b)
|
GBP
|
450,000
|
599,967
|
|
6.75%, 01/27/2039(b)
|
GBP
|
350,000
|
498,726
|
|
6.13%, 07/06/2039(b)
|
GBP
|
600,000
|
803,586
|
|
E.ON SE
|
|
|
|
|
3.88%, 01/12/2035(b)
|
EUR
|
166,000
|
196,872
|
|
4.13%, 03/25/2044(b)(d)
|
EUR
|
175,000
|
201,311
|
|
EnBW International Finance B.V.,
3.75%, 11/20/2035(b)
|
EUR
|
174,000
|
200,587
|
|
Eurogrid GmbH, 3.73%, 10/18/2035(b)
|
EUR
|
200,000
|
227,493
|
|
Grand City Properties S.A., 0.13%,
01/11/2028(b)
|
EUR
|
200,000
|
215,122
|
|
Landesbank Baden-Wuerttemberg,
0.38%, 02/18/2027(b)
|
EUR
|
200,000
|
222,225
|
|
Landesbank Hessen-Thueringen
Girozentrale, 3.00%, 03/05/2032(b)
|
EUR
|
200,000
|
230,573
|
|
Mercedes-Benz Group AG
|
|
|
|
|
1.50%, 07/03/2029(b)(d)
|
EUR
|
200,000
|
220,254
|
|
0.75%, 09/10/2030(b)
|
EUR
|
200,000
|
206,974
|
|
1.13%, 11/06/2031(b)(d)
|
EUR
|
100,000
|
102,482
|
|
0.75%, 03/11/2033(b)(d)
|
EUR
|
229,000
|
220,493
|
|
2.13%, 07/03/2037(b)
|
EUR
|
250,000
|
248,468
|
|
Mercedes-Benz International Finance
B.V.
|
|
|
|
|
0.38%, 11/08/2026(b)
|
EUR
|
100,000
|
111,847
|
|
3.25%, 11/15/2030(b)
|
EUR
|
228,000
|
264,016
|
|
3.70%, 05/30/2031(b)(d)
|
EUR
|
200,000
|
238,540
|
|
Robert Bosch GmbH
|
|
|
|
|
3.63%, 06/02/2030(b)
|
EUR
|
100,000
|
118,232
|
|
4.00%, 06/02/2035(b)
|
EUR
|
200,000
|
236,502
|
|
4.38%, 06/02/2043(b)
|
EUR
|
300,000
|
347,835
|
|
RWE AG, 2.75%, 05/24/2030(b)
|
EUR
|
175,000
|
199,911
|
|
Siemens Financieringsmaatschappij N.V.
|
|
|
|
|
3.38%, 08/24/2031(b)
|
EUR
|
200,000
|
237,038
|
|
3.13%, 05/22/2032(b)
|
EUR
|
300,000
|
349,552
|
|
3.00%, 09/08/2033(b)
|
EUR
|
200,000
|
229,139
|
|
0.50%, 09/05/2034(b)
|
EUR
|
200,000
|
185,782
|
|
3.63%, 05/27/2036(b)
|
EUR
|
200,000
|
233,242
|
|
3.38%, 02/22/2037(b)
|
EUR
|
200,000
|
226,822
|
|
3.75%, 09/10/2042(b)
|
GBP
|
400,000
|
424,078
|
|
3.63%, 02/22/2044(b)
|
EUR
|
300,000
|
333,134
|
|
Traton Finance Luxembourg S.A.,
0.75%, 03/24/2029(b)
|
EUR
|
300,000
|
318,981
|
|
Volkswagen Financial Services AG
|
|
|
|
|
0.13%, 02/12/2027(b)
|
EUR
|
208,000
|
229,563
|
|
3.25%, 05/19/2027(b)
|
EUR
|
200,000
|
231,058
|
|
0.88%, 01/31/2028(b)
|
EUR
|
230,000
|
251,561
|
|
3.63%, 05/19/2029(b)
|
EUR
|
200,000
|
233,199
|
|
Volkswagen Financial Services N.V.,
2.13%, 01/18/2028(b)
|
GBP
|
300,000
|
372,278
|
|
|
Principal
Amount
|
Value
|
|
|
Germany-(continued)
|
|||
|
Volkswagen International Finance N.V.
|
|
|
|
|
1.88%, 03/30/2027(b)
|
EUR
|
500,000
|
$565,415
|
|
0.88%, 09/22/2028(b)
|
EUR
|
300,000
|
323,596
|
|
1.63%, 01/16/2030(b)
|
EUR
|
185,000
|
200,063
|
|
3.25%, 11/18/2030(b)
|
EUR
|
100,000
|
114,653
|
|
4.13%, 11/16/2038(b)
|
EUR
|
200,000
|
229,805
|
|
Volkswagen Leasing GmbH, 3.88%,
10/11/2028(b)
|
EUR
|
100,000
|
117,980
|
|
Vonovia SE
|
|
|
|
|
0.38%, 06/16/2027(b)
|
EUR
|
100,000
|
110,046
|
|
0.25%, 09/01/2028(b)
|
EUR
|
200,000
|
213,131
|
|
0.75%, 09/01/2032(b)
|
EUR
|
200,000
|
190,164
|
|
Wintershall Dea Finance B.V.
|
|
|
|
|
1.33%, 09/25/2028(b)
|
EUR
|
200,000
|
217,427
|
|
1.82%, 09/25/2031(b)
|
EUR
|
200,000
|
202,106
|
|
|
|
|
19,805,128
|
|
Italy-4.80%
|
|||
|
ASTM S.p.A.
|
|
|
|
|
1.50%, 01/25/2030(b)
|
EUR
|
125,000
|
134,135
|
|
2.38%, 11/25/2033(b)
|
EUR
|
200,000
|
206,618
|
|
Autostrade per l’Italia S.p.A.
|
|
|
|
|
2.00%, 12/04/2028(b)
|
EUR
|
300,000
|
335,791
|
|
2.00%, 01/15/2030(b)
|
EUR
|
200,000
|
219,756
|
|
Enel Finance International N.V.
|
|
|
|
|
3.88%, 03/09/2029(b)
|
EUR
|
200,000
|
238,369
|
|
0.88%, 09/28/2034(b)
|
EUR
|
270,000
|
243,898
|
|
3.88%, 01/23/2035(b)
|
EUR
|
200,000
|
233,985
|
|
0.88%, 06/17/2036(b)
|
EUR
|
200,000
|
171,634
|
|
5.75%, 09/14/2040(b)
|
GBP
|
800,000
|
1,031,234
|
|
Enel S.p.A., 5.75%, 06/22/2037(b)
|
GBP
|
339,000
|
445,314
|
|
Eni S.p.A.
|
|
|
|
|
0.38%, 06/14/2028(b)
|
EUR
|
286,000
|
309,266
|
|
3.63%, 01/29/2029(b)
|
EUR
|
200,000
|
236,292
|
|
0.63%, 01/23/2030(b)
|
EUR
|
200,000
|
207,904
|
|
2.00%, 05/18/2031(b)
|
EUR
|
150,000
|
162,688
|
|
4.25%, 05/19/2033(b)
|
EUR
|
200,000
|
240,606
|
|
3.88%, 01/15/2034(b)
|
EUR
|
100,000
|
116,992
|
|
Intesa Sanpaolo S.p.A.
|
|
|
|
|
1.00%, 11/19/2026(b)
|
EUR
|
202,000
|
227,861
|
|
4.75%, 09/06/2027(b)
|
EUR
|
150,000
|
179,637
|
|
0.75%, 03/16/2028(b)
|
EUR
|
300,000
|
328,663
|
|
1.75%, 03/20/2028(b)
|
EUR
|
250,000
|
281,020
|
|
1.75%, 07/04/2029(b)
|
EUR
|
223,000
|
245,449
|
|
4.88%, 05/19/2030(b)
|
EUR
|
300,000
|
372,891
|
|
3.63%, 10/16/2030(b)
|
EUR
|
200,000
|
236,252
|
|
5.13%, 08/29/2031(b)
|
EUR
|
300,000
|
380,533
|
|
6.63%, 05/31/2033(b)
|
GBP
|
500,000
|
714,040
|
|
Italgas S.p.A., 3.13%, 02/08/2029(b)
|
EUR
|
200,000
|
231,558
|
|
Snam S.p.A.
|
|
|
|
|
3.88%, 02/19/2034(b)
|
EUR
|
200,000
|
235,536
|
|
5.75%, 11/26/2036(b)
|
GBP
|
300,000
|
397,479
|
|
UniCredit S.p.A.
|
|
|
|
|
0.85%, 01/19/2031(b)
|
EUR
|
213,000
|
217,785
|
|
4.00%, 03/05/2034(b)
|
EUR
|
200,000
|
236,733
|
|
4.20%, 06/11/2034(b)
|
EUR
|
150,000
|
177,277
|
|
3.73%, 06/10/2035(b)
|
EUR
|
100,000
|
115,194
|
|
Unipol Assicurazioni S.p.A., 3.25%,
09/23/2030(b)
|
EUR
|
100,000
|
116,923
|
|
|
|
|
9,229,313
|
|
|
Principal
Amount
|
Value
|
|
|
Japan-2.01%
|
|||
|
East Japan Railway Co., 5.56%,
09/04/2054(b)
|
GBP
|
400,000
|
$497,946
|
|
Mizuho Financial Group, Inc.
|
|
|
|
|
5.63%, 06/13/2028(b)
|
GBP
|
300,000
|
409,991
|
|
0.69%, 10/07/2030(b)
|
EUR
|
200,000
|
203,484
|
|
NTT Finance Corp.
|
|
|
|
|
0.34%, 03/03/2030(b)
|
EUR
|
200,000
|
204,100
|
|
Series 17, 0.28%, 12/20/2027
|
JPY
|
100,000,000
|
650,693
|
|
Series 18, 0.38%, 09/20/2030
|
JPY
|
200,000,000
|
1,253,698
|
|
Sumitomo Mitsui Financial Group, Inc.,
0.63%, 10/23/2029(b)
|
EUR
|
125,000
|
130,757
|
|
Takeda Pharmaceutical Co. Ltd.
|
|
|
|
|
3.00%, 11/21/2030(b)
|
EUR
|
200,000
|
228,245
|
|
1.38%, 07/09/2032
|
EUR
|
200,000
|
201,511
|
|
2.00%, 07/09/2040
|
EUR
|
100,000
|
88,321
|
|
|
|
|
3,868,746
|
|
Luxembourg-0.12%
|
|||
|
Logicor Financing S.a.r.l., 1.63%,
07/15/2027(b)
|
EUR
|
200,000
|
224,147
|
|
Netherlands-3.39%
|
|||
|
ABN AMRO Bank N.V.
|
|
|
|
|
0.60%, 01/15/2027(b)
|
EUR
|
200,000
|
223,461
|
|
4.00%, 01/16/2028(b)
|
EUR
|
200,000
|
237,650
|
|
4.38%, 10/20/2028(b)
|
EUR
|
200,000
|
241,133
|
|
2.75%, 06/04/2029(b)
|
EUR
|
200,000
|
229,986
|
|
0.50%, 09/23/2029(b)
|
EUR
|
200,000
|
208,403
|
|
4.75%, 10/24/2029(b)
|
GBP
|
300,000
|
400,633
|
|
4.25%, 02/21/2030(b)
|
EUR
|
200,000
|
241,590
|
|
3.88%, 01/15/2032(b)
|
EUR
|
200,000
|
236,694
|
|
1.00%, 06/02/2033(b)
|
EUR
|
300,000
|
288,760
|
|
1.25%, 01/20/2034(b)
|
EUR
|
300,000
|
289,833
|
|
4.50%, 11/21/2034(b)
|
EUR
|
100,000
|
124,185
|
|
Ayvens Bank N.V., 0.25%,
09/07/2026(b)
|
EUR
|
200,000
|
223,748
|
|
Cooperatieve Rabobank U.A.
|
|
|
|
|
4.63%, 05/23/2029(b)
|
GBP
|
600,000
|
789,692
|
|
4.00%, 01/10/2030(b)
|
EUR
|
200,000
|
239,917
|
|
1.13%, 05/07/2031(b)
|
EUR
|
200,000
|
205,331
|
|
3.82%, 07/26/2034(b)
|
EUR
|
200,000
|
236,094
|
|
ING Groep N.V.
|
|
|
|
|
2.00%, 09/20/2028(b)
|
EUR
|
200,000
|
225,418
|
|
2.50%, 11/15/2030(b)
|
EUR
|
300,000
|
335,434
|
|
Koninklijke KPN N.V.
|
|
|
|
|
5.75%, 09/17/2029(b)
|
GBP
|
314,000
|
434,300
|
|
3.88%, 02/16/2036(b)
|
EUR
|
100,000
|
116,368
|
|
Prosus N.V., 1.29%, 07/13/2029(b)
|
EUR
|
100,000
|
106,841
|
|
TenneT Holding B.V.
|
|
|
|
|
1.63%, 11/17/2026(b)
|
EUR
|
100,000
|
113,507
|
|
2.13%, 11/17/2029(b)
|
EUR
|
300,000
|
336,306
|
|
4.50%, 10/28/2034(b)
|
EUR
|
200,000
|
247,034
|
|
0.88%, 06/16/2035(b)
|
EUR
|
200,000
|
184,938
|
|
|
|
|
6,517,256
|
|
New Zealand-0.37%
|
|||
|
Bank of New Zealand, 5.87%,
09/01/2028(b)
|
NZD
|
550,000
|
343,676
|
|
Westpac New Zealand Ltd., 4.34%,
09/24/2029
|
NZD
|
600,000
|
356,857
|
|
|
|
|
700,533
|
|
|
Principal
Amount
|
Value
|
|
|
Norway-2.02%
|
|||
|
Equinor ASA
|
|
|
|
|
1.25%, 02/17/2027(b)
|
EUR
|
200,000
|
$225,231
|
|
1.38%, 05/22/2032(b)
|
EUR
|
100,000
|
102,391
|
|
1.63%, 02/17/2035(b)
|
EUR
|
100,000
|
97,347
|
|
Norway Government Bond
|
|
|
|
|
Series 479, 1.75%, 02/17/2027(b)
|
NOK
|
9,900,000
|
936,016
|
|
Series 480, 2.00%, 04/26/2028(b)
|
NOK
|
6,570,000
|
612,423
|
|
Series 481, 1.75%, 09/06/2029(b)
|
NOK
|
5,600,000
|
504,314
|
|
Series 482, 1.38%, 08/19/2030(b)
|
NOK
|
1,000,000
|
86,648
|
|
Series 483, 1.25%, 09/17/2031(b)
|
NOK
|
1,350,000
|
113,174
|
|
Series 484, 2.13%, 05/18/2032(b)
|
NOK
|
1,642,000
|
143,401
|
|
Series 486, 3.00%, 08/15/2033(b)
|
NOK
|
1,400,000
|
127,650
|
|
Series 487, 3.63%, 04/13/2034(b)
|
NOK
|
2,500,000
|
237,861
|
|
Series 488, 3.63%, 05/31/2039(b)
|
NOK
|
600,000
|
56,329
|
|
Series 489, 3.75%, 06/12/2035(b)
|
NOK
|
1,800,000
|
172,328
|
|
SpareBank 1 Sør-Norge ASA, 3.75%,
11/23/2027(b)
|
EUR
|
203,000
|
238,819
|
|
Var Energi ASA, 3.88%, 03/12/2031(b)
|
EUR
|
200,000
|
233,102
|
|
|
|
|
3,887,034
|
|
Portugal-0.17%
|
|||
|
EDP Finance B.V., 1.88%,
09/21/2029(b)
|
EUR
|
300,000
|
331,325
|
|
Spain-4.93%
|
|||
|
Abertis Infraestructuras S.A.
|
|
|
|
|
2.38%, 09/27/2027(b)
|
EUR
|
200,000
|
227,964
|
|
3.00%, 03/27/2031(b)
|
EUR
|
200,000
|
227,852
|
|
Banco Bilbao Vizcaya Argentaria S.A.
|
|
|
|
|
0.50%, 01/14/2027(b)
|
EUR
|
300,000
|
334,769
|
|
3.50%, 02/10/2027(b)
|
EUR
|
100,000
|
115,891
|
|
4.38%, 10/14/2029(b)
|
EUR
|
300,000
|
366,525
|
|
3.50%, 03/26/2031(b)
|
EUR
|
200,000
|
236,177
|
|
3.88%, 01/15/2034(b)
|
EUR
|
200,000
|
240,169
|
|
Banco Santander S.A.
|
|
|
|
|
1.75%, 02/17/2027(b)
|
GBP
|
300,000
|
381,608
|
|
2.13%, 02/08/2028(b)
|
EUR
|
200,000
|
226,997
|
|
0.20%, 02/11/2028(b)
|
EUR
|
200,000
|
216,444
|
|
3.88%, 04/22/2029(b)
|
EUR
|
300,000
|
355,960
|
|
5.13%, 01/25/2030(b)
|
GBP
|
300,000
|
403,959
|
|
4.25%, 06/12/2030(b)
|
EUR
|
200,000
|
243,020
|
|
1.63%, 10/22/2030(b)
|
EUR
|
200,000
|
213,218
|
|
5.38%, 01/17/2031(b)
|
GBP
|
300,000
|
407,374
|
|
4.88%, 10/18/2031(b)
|
EUR
|
300,000
|
373,816
|
|
1.00%, 11/04/2031(b)
|
EUR
|
200,000
|
200,375
|
|
3.50%, 10/02/2032(b)
|
EUR
|
200,000
|
230,747
|
|
3.75%, 01/09/2034(b)
|
EUR
|
300,000
|
355,457
|
|
3.50%, 02/17/2035(b)
|
EUR
|
200,000
|
226,698
|
|
CaixaBank S.A.
|
|
|
|
|
3.75%, 09/07/2029(b)
|
EUR
|
200,000
|
238,557
|
|
4.25%, 09/06/2030(b)
|
EUR
|
200,000
|
243,573
|
|
4.38%, 11/29/2033(b)
|
EUR
|
200,000
|
247,584
|
|
Cellnex Finance Co. S.A.
|
|
|
|
|
1.00%, 09/15/2027(b)
|
EUR
|
200,000
|
222,195
|
|
1.50%, 06/08/2028(b)
|
EUR
|
200,000
|
222,200
|
|
2.00%, 02/15/2033(b)
|
EUR
|
200,000
|
206,337
|
|
Cellnex Telecom S.A., 1.75%,
10/23/2030(b)
|
EUR
|
200,000
|
214,159
|
|
Iberdrola Finanzas S.A.
|
|
|
|
|
1.38%, 03/11/2032(b)
|
EUR
|
200,000
|
206,149
|
|
5.25%, 10/31/2036(b)
|
GBP
|
300,000
|
390,126
|
|
|
Principal
Amount
|
Value
|
|
|
Spain-(continued)
|
|||
|
Santander Consumer Finance S.A.,
3.75%, 01/17/2029(b)
|
EUR
|
200,000
|
$236,555
|
|
Telefonica Emisiones S.A.
|
|
|
|
|
1.45%, 01/22/2027(b)
|
EUR
|
100,000
|
113,164
|
|
1.20%, 08/21/2027(b)
|
EUR
|
300,000
|
335,200
|
|
1.79%, 03/12/2029(b)
|
EUR
|
200,000
|
222,121
|
|
0.66%, 02/03/2030(b)
|
EUR
|
200,000
|
207,513
|
|
2.59%, 05/25/2031(b)
|
EUR
|
100,000
|
111,181
|
|
3.70%, 01/24/2032(b)
|
EUR
|
200,000
|
233,397
|
|
Telefonica Emisiones, S.A., 3.72%,
01/23/2034(b)
|
EUR
|
200,000
|
228,364
|
|
|
|
|
9,463,395
|
|
Sweden-2.20%
|
|||
|
Skandinaviska Enskilda Banken AB
|
|
|
|
|
4.00%, 11/09/2026(b)
|
EUR
|
200,000
|
234,026
|
|
0.38%, 02/11/2027(b)
|
EUR
|
200,000
|
222,535
|
|
0.75%, 08/09/2027(b)
|
EUR
|
200,000
|
221,631
|
|
3.75%, 02/07/2028(b)
|
EUR
|
200,000
|
236,067
|
|
0.38%, 06/21/2028(b)
|
EUR
|
200,000
|
215,523
|
|
0.63%, 11/12/2029(b)
|
EUR
|
200,000
|
208,089
|
|
3.38%, 03/19/2030(b)
|
EUR
|
100,000
|
116,485
|
|
Svenska Handelsbanken AB
|
|
|
|
|
1.38%, 02/23/2029(b)
|
EUR
|
130,000
|
141,867
|
|
0.50%, 02/18/2030(b)
|
EUR
|
200,000
|
205,990
|
|
Sweden Government Bond
|
|
|
|
|
Series 1056, 2.25%, 06/01/2032(b)
|
SEK
|
1,000,000
|
102,642
|
|
Series 1059, 1.00%, 11/12/2026(b)
|
SEK
|
5,000,000
|
506,566
|
|
Series 1060, 0.75%, 05/12/2028(b)
|
SEK
|
6,500,000
|
645,077
|
|
Series 1061, 0.75%, 11/12/2029(b)
|
SEK
|
6,000,000
|
582,700
|
|
Vattenfall AB, 6.88%, 04/15/2039(b)
|
GBP
|
400,000
|
583,371
|
|
|
|
|
4,222,569
|
|
Switzerland-1.67%
|
|||
|
Holcim Finance (Luxembourg) S.A.,
0.50%, 09/03/2030(b)
|
EUR
|
200,000
|
203,543
|
|
Lonza Finance International N.V.,
3.88%, 04/24/2036(b)
|
EUR
|
200,000
|
232,427
|
|
Richemont International Holding S.A.
|
|
|
|
|
1.50%, 03/26/2030(b)
|
EUR
|
200,000
|
216,851
|
|
2.00%, 03/26/2038(b)
|
EUR
|
300,000
|
290,494
|
|
Sika Capital B.V., 3.75%,
11/03/2026(b)
|
EUR
|
100,000
|
116,392
|
|
Swisscom Finance B.V.
|
|
|
|
|
3.50%, 11/29/2031(b)
|
EUR
|
200,000
|
234,891
|
|
3.63%, 11/29/2036(b)
|
EUR
|
100,000
|
115,887
|
|
UBS AG, 0.25%, 09/01/2028(b)
|
EUR
|
320,000
|
341,957
|
|
UBS Group AG
|
|
|
|
|
1.25%, 09/01/2026(b)
|
EUR
|
200,000
|
226,742
|
|
0.25%, 02/24/2028(b)
|
EUR
|
200,000
|
216,312
|
|
0.65%, 09/10/2029(b)
|
EUR
|
100,000
|
105,062
|
|
0.88%, 11/03/2031(b)
|
EUR
|
200,000
|
199,025
|
|
0.63%, 01/18/2033(b)
|
EUR
|
348,000
|
326,397
|
|
0.63%, 02/24/2033(b)
|
EUR
|
400,000
|
374,621
|
|
|
|
|
3,200,601
|
|
United Kingdom-13.85%
|
|||
|
Anglian Water Services Financing PLC
|
|
|
|
|
6.00%, 06/20/2039(b)
|
GBP
|
300,000
|
387,019
|
|
5.75%, 06/07/2043(b)
|
GBP
|
400,000
|
484,788
|
|
6.25%, 09/12/2044(b)
|
GBP
|
400,000
|
511,142
|
|
|
Principal
Amount
|
Value
|
|
|
United Kingdom-(continued)
|
|||
|
B.A.T. International Finance PLC
|
|
|
|
|
2.25%, 06/26/2028(b)
|
GBP
|
277,000
|
$344,448
|
|
2.25%, 01/16/2030(b)
|
EUR
|
300,000
|
332,653
|
|
6.00%, 11/24/2034(b)
|
GBP
|
275,000
|
372,139
|
|
Barclays PLC, 3.25%, 02/12/2027(b)
|
GBP
|
750,000
|
976,173
|
|
Blend Funding PLC
|
|
|
|
|
3.46%, 09/21/2047(b)
|
GBP
|
400,000
|
366,442
|
|
2.92%, 04/05/2054(b)
|
GBP
|
400,000
|
306,439
|
|
British Telecommunications PLC
|
|
|
|
|
1.50%, 06/23/2027(b)
|
EUR
|
200,000
|
225,426
|
|
3.13%, 11/21/2031(b)
|
GBP
|
300,000
|
361,612
|
|
6.38%, 06/23/2037(b)
|
GBP
|
300,000
|
416,295
|
|
Cadent Finance PLC
|
|
|
|
|
2.63%, 09/22/2038(b)
|
GBP
|
500,000
|
459,520
|
|
2.75%, 09/22/2046(b)
|
GBP
|
500,000
|
387,975
|
|
CCEP Finance (Ireland) DAC, 0.88%,
05/06/2033(b)
|
EUR
|
200,000
|
191,655
|
|
Centrica PLC
|
|
|
|
|
4.38%, 03/13/2029(b)
|
GBP
|
250,000
|
329,113
|
|
4.25%, 09/12/2044(b)
|
GBP
|
300,000
|
310,130
|
|
Clarion Funding PLC, 3.13%,
04/19/2048(b)
|
GBP
|
330,000
|
280,111
|
|
Community Finance Co. 1 PLC, 5.02%,
07/31/2034
|
GBP
|
400,000
|
527,553
|
|
Connect Plus (M25) Issuer PLC, 2.61%,
03/31/2039(b)
|
GBP
|
404,250
|
446,614
|
|
Diageo Finance PLC
|
|
|
|
|
2.50%, 03/27/2032(b)
|
EUR
|
200,000
|
220,866
|
|
2.75%, 06/08/2038(b)
|
GBP
|
400,000
|
398,671
|
|
easyJet FinCo B.V., 1.88%,
03/03/2028(b)
|
EUR
|
200,000
|
224,764
|
|
GlaxoSmithKline Capital PLC
|
|
|
|
|
1.63%, 05/12/2035(b)
|
GBP
|
500,000
|
486,852
|
|
6.38%, 03/09/2039
|
GBP
|
400,000
|
571,762
|
|
Heathrow Funding Ltd.
|
|
|
|
|
6.75%, 12/03/2026(b)
|
GBP
|
400,000
|
543,493
|
|
6.45%, 12/10/2031(b)
|
GBP
|
450,000
|
636,323
|
|
5.88%, 05/13/2041(b)
|
GBP
|
500,000
|
646,179
|
|
4.63%, 10/31/2046(b)
|
GBP
|
500,000
|
536,843
|
|
High Speed Rail Finance 1 PLC, 4.38%,
11/01/2038(b)
|
GBP
|
350,000
|
427,068
|
|
Housing & Care 21, 3.29%,
11/08/2049(b)
|
GBP
|
300,000
|
262,237
|
|
HSBC Holdings PLC
|
|
|
|
|
3.13%, 06/07/2028
|
EUR
|
200,000
|
232,990
|
|
7.00%, 04/07/2038(b)
|
GBP
|
500,000
|
701,078
|
|
Imperial Brands Finance Netherlands
B.V.
|
|
|
|
|
5.25%, 02/15/2031(b)
|
EUR
|
100,000
|
124,506
|
|
1.75%, 03/18/2033(b)
|
EUR
|
200,000
|
199,068
|
|
Imperial Brands Finance PLC, 4.88%,
06/07/2032(b)
|
GBP
|
300,000
|
383,330
|
|
Lloyds Bank PLC, 6.50%,
09/17/2040(b)
|
GBP
|
510,000
|
731,441
|
|
Lloyds Banking Group PLC, 1.50%,
09/12/2027(b)
|
EUR
|
200,000
|
224,778
|
|
Motability Operations Group PLC
|
|
|
|
|
4.00%, 01/17/2030(b)
|
EUR
|
200,000
|
238,584
|
|
3.88%, 01/24/2034(b)
|
EUR
|
200,000
|
232,688
|
|
4.25%, 06/17/2035(b)
|
EUR
|
100,000
|
119,055
|
|
3.63%, 03/10/2036(b)
|
GBP
|
400,000
|
448,422
|
|
|
Principal
Amount
|
Value
|
|
|
United Kingdom-(continued)
|
|||
|
2.38%, 07/03/2039(b)
|
GBP
|
300,000
|
$269,941
|
|
2.13%, 01/18/2042(b)
|
GBP
|
200,000
|
157,870
|
|
5.75%, 06/17/2051(b)
|
GBP
|
350,000
|
430,886
|
|
5.63%, 01/24/2054(b)
|
GBP
|
300,000
|
361,168
|
|
National Grid Electricity Distribution
(West Midlands) PLC, 5.75%,
04/16/2032(b)
|
GBP
|
325,000
|
444,370
|
|
National Grid PLC, 4.28%,
01/16/2035(b)
|
EUR
|
200,000
|
238,573
|
|
Nationwide Building Society
|
|
|
|
|
4.50%, 11/01/2026(b)
|
EUR
|
200,000
|
235,323
|
|
3.00%, 03/03/2030(b)
|
EUR
|
200,000
|
229,983
|
|
NatWest Markets PLC
|
|
|
|
|
2.75%, 11/04/2027(b)
|
EUR
|
300,000
|
345,885
|
|
5.00%, 11/18/2029(b)
|
GBP
|
300,000
|
401,680
|
|
Places For People Treasury PLC
|
|
|
|
|
6.25%, 12/06/2041(b)
|
GBP
|
300,000
|
396,184
|
|
5.75%, 05/11/2055(b)
|
GBP
|
300,000
|
352,194
|
|
Reckitt Benckiser Treasury Services
PLC, 1.75%, 05/19/2032(b)
|
GBP
|
300,000
|
331,841
|
|
Rolls-Royce PLC, 5.75%,
10/15/2027(b)
|
GBP
|
400,000
|
542,924
|
|
Rothesay Life PLC
|
|
|
|
|
7.73%, 05/16/2033(b)
|
GBP
|
300,000
|
436,303
|
|
7.02%, 12/10/2034(b)
|
GBP
|
300,000
|
417,295
|
|
Sanctuary Capital PLC, 2.38%,
04/14/2050(b)
|
GBP
|
300,000
|
213,501
|
|
Santander UK PLC, 3.35%,
03/25/2030(b)
|
EUR
|
200,000
|
232,672
|
|
Scottish Hydro Electric Transmission
PLC, 5.50%, 01/15/2044(b)
|
GBP
|
300,000
|
370,648
|
|
Scottish Widows Ltd., 7.00%,
06/16/2043(b)
|
GBP
|
350,000
|
477,931
|
|
Standard Chartered PLC
|
|
|
|
|
5.13%, 06/06/2034(b)
|
GBP
|
300,000
|
376,832
|
|
4.38%, 01/18/2038(b)
|
GBP
|
300,000
|
350,711
|
|
T.H.F.C. (Funding No.3) PLC, 5.20%,
10/11/2043(b)
|
GBP
|
500,000
|
610,059
|
|
University of Oxford, 2.54%,
12/08/2117(b)
|
GBP
|
650,000
|
397,447
|
|
Vodafone Group PLC
|
|
|
|
|
1.63%, 11/24/2030(b)
|
EUR
|
200,000
|
214,277
|
|
5.13%, 12/02/2052(b)
|
GBP
|
300,000
|
331,778
|
|
Wellcome Trust Ltd. (The)
|
|
|
|
|
1.50%, 07/14/2071(b)
|
GBP
|
420,000
|
187,835
|
|
2.52%, 02/07/2118(b)
|
GBP
|
400,000
|
241,574
|
|
Yorkshire Water Finance PLC, 6.38%,
11/18/2034(b)
|
GBP
|
300,000
|
410,069
|
|
|
|
|
26,615,999
|
|
United States-2.81%
|
|||
|
BG Energy Capital PLC, 5.00%,
11/04/2036(b)
|
GBP
|
450,000
|
582,703
|
|
BP Capital Markets PLC
|
|
|
|
|
2.52%, 04/07/2028(b)
|
EUR
|
200,000
|
229,110
|
|
1.23%, 05/08/2031(b)
|
EUR
|
200,000
|
206,929
|
|
2.82%, 04/07/2032(b)
|
EUR
|
200,000
|
223,101
|
|
Medtronic Global Holdings S.C.A.
|
|
|
|
|
1.63%, 03/07/2031
|
EUR
|
200,000
|
213,249
|
|
|
Principal
Amount
|
Value
|
|
|
United States-(continued)
|
|||
|
3.13%, 10/15/2031
|
EUR
|
100,000
|
$114,826
|
|
0.75%, 10/15/2032
|
EUR
|
200,000
|
193,969
|
|
3.38%, 10/15/2034
|
EUR
|
200,000
|
229,761
|
|
1.38%, 10/15/2040
|
EUR
|
200,000
|
163,114
|
|
1.63%, 10/15/2050
|
EUR
|
200,000
|
138,579
|
|
Robert Bosch Finance LLC, 2.75%,
05/28/2028(b)
|
EUR
|
200,000
|
230,474
|
|
Sanofi S.A., Series 20FX, 1.88%,
03/21/2038(b)
|
EUR
|
300,000
|
289,750
|
|
Shell International Finance B.V.
|
|
|
|
|
0.50%, 11/08/2031(b)
|
EUR
|
100,000
|
98,269
|
|
1.88%, 04/07/2032(b)
|
EUR
|
200,000
|
211,904
|
|
1.25%, 11/11/2032(b)
|
EUR
|
100,000
|
100,010
|
|
0.88%, 11/08/2039(b)
|
EUR
|
200,000
|
153,704
|
|
1.75%, 09/10/2052(b)
|
GBP
|
300,000
|
176,236
|
|
Stellantis N.V.
|
|
|
|
|
0.63%, 03/30/2027(b)
|
EUR
|
277,000
|
307,182
|
|
4.50%, 07/07/2028(b)
|
EUR
|
100,000
|
119,740
|
|
0.75%, 01/18/2029(b)
|
EUR
|
300,000
|
318,032
|
|
4.38%, 03/14/2030(b)
|
EUR
|
200,000
|
237,825
|
|
4.25%, 06/16/2031(b)
|
EUR
|
200,000
|
234,413
|
|
2.75%, 04/01/2032(b)
|
EUR
|
200,000
|
212,177
|
|
1.25%, 06/20/2033(b)
|
EUR
|
200,000
|
183,093
|
|
Toyota Motor Credit Corp., 3.63%,
07/15/2031(b)
|
EUR
|
200,000
|
237,269
|
|
|
|
|
5,405,419
|
|
Total Non-U.S. Dollar Denominated Bonds & Notes
(Cost $188,547,284)
|
188,888,316
|
||
|
|
Shares
|
|
|
|
Money Market Funds-0.68%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(e)(f)
(Cost $1,313,642)
|
|
1,313,642
|
1,313,642
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.00%
(Cost $189,860,926)
|
190,201,958
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-0.71%
|
|||
|
Invesco Private Government Fund,
4.32%(e)(f)(g)
|
|
378,573
|
378,573
|
|
Invesco Private Prime Fund,
4.46%(e)(f)(g)
|
|
984,387
|
984,584
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $1,363,157)
|
1,363,157
|
||
|
TOTAL INVESTMENTS IN SECURITIES-99.71%
(Cost $191,224,083)
|
191,565,115
|
||
|
OTHER ASSETS LESS LIABILITIES-0.29%
|
553,791
|
||
|
NET ASSETS-100.00%
|
$192,118,906
|
||
|
Investment Abbreviations:
|
|
AUD-Australian Dollar
|
|
CAD-Canadian Dollar
|
|
EUR-Euro
|
|
GBP-British Pound Sterling
|
|
JPY-Japanese Yen
|
|
NOK-Norwegian Krone
|
|
NZD-New Zealand Dollar
|
|
SEK-Swedish Krona
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Foreign denominated security. Principal amount is denominated in the currency indicated.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2025 was $145,439,614, which represented 75.70% of the Fund’s Net Assets.
|
|
(c)
|
Security issued at a fixed rate for a specific period of time, after which it will
convert to a variable rate.
|
|
(d)
|
All or a portion of this security was out on loan at July 31, 2025.
|
|
(e)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2025.
|
|
|
Value
October 31, 2024
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2025
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$745,439
|
$9,159,095
|
$(8,590,892
)
|
$-
|
$-
|
$1,313,642
|
$14,133
|
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
232,112
|
1,149,812
|
(1,003,351
)
|
-
|
-
|
378,573
|
5,680
*
|
|
Invesco Private Prime Fund
|
604,170
|
2,797,915
|
(2,417,486
)
|
11
|
(26
)
|
984,584
|
15,103
*
|
|
Total
|
$1,581,721
|
$13,106,822
|
$(12,011,729
)
|
$11
|
$(26
)
|
$2,676,799
|
$34,916
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(f)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2025.
|
|
(g)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Invesco 0-5 Yr US TIPS ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Treasury Securities
|
$-
|
$73,498,277
|
$-
|
$73,498,277
|
|
Money Market Funds
|
142,938
|
-
|
-
|
142,938
|
|
Total Investments
|
$142,938
|
$73,498,277
|
$-
|
$73,641,215
|
|
Invesco Emerging Markets Sovereign Debt ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Dollar Denominated Bonds & Notes
|
$-
|
$1,144,972,223
|
$-
|
$1,144,972,223
|
|
Money Market Funds
|
3,095,940
|
66,250,878
|
-
|
69,346,818
|
|
Total Investments
|
$3,095,940
|
$1,211,223,101
|
$-
|
$1,214,319,041
|
|
Invesco Global ex-US High Yield Corporate Bond ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Dollar Denominated Bonds & Notes
|
$-
|
$178,263,488
|
$-
|
$178,263,488
|
|
Common Stocks & Other Equity Interests
|
-
|
228,336
|
46
|
228,382
|
|
Preferred Stocks
|
-
|
-
|
4,000
|
4,000
|
|
Money Market Funds
|
1,580,432
|
14,100,358
|
-
|
15,680,790
|
|
Total Investments in Securities
|
1,580,432
|
192,592,182
|
4,046
|
194,176,660
|
|
Other Investments - Assets
|
|
|
|
|
|
Investments Matured
|
-
|
95,757
|
4,875
|
100,632
|
|
Total Investments
|
$1,580,432
|
$192,687,939
|
$8,921
|
$194,277,292
|
|
Invesco International Corporate Bond ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Non-U.S. Dollar Denominated Bonds & Notes
|
$-
|
$188,888,316
|
$-
|
$188,888,316
|
|
Money Market Funds
|
1,313,642
|
1,363,157
|
-
|
2,676,799
|
|
Total Investments
|
$1,313,642
|
$190,251,473
|
$-
|
$191,565,115
|