| Number of Shares | Value | |
| COMMON STOCKS — 0.0% | ||
| UNITED STATES — 0.0% | ||
| 118 | Hycroft Mining Holding Corp. * | $4,407 |
| TOTAL COMMON STOCKS | ||
| (Cost $1,559,792) | 4,407 |
| Principal Amount1 | ||
| FIXED INCOME SECURITIES — 89.1% | ||
| ARGENTINA — 0.2% | ||
| 19,200,000 | Argentina Treasury Bond BONCER 2.000%, 11/9/2026 | 157,846 |
| AUSTRALIA — 2.9% | ||
| 1,000,000 | Newcrest Finance Pty Ltd. 5.750%, 11/15/20412 | 1,021,181 |
| 2,250,000 | Queensland Treasury Corp. 1.750%, 7/20/20342 | 1,197,744 |
| 2,218,925 | ||
| BRAZIL — 1.5% | ||
| 6,000,000 | Brazilian Government International Bond 10.250%, 1/10/2028 | 1,141,845 |
| CHILE — 4.1% | ||
| 2,520,000,000 | Bonos de la Tesoreria de la Republica en pesos 6.000%, 4/1/20332 | 3,078,003 |
| COLOMBIA — 4.0% | ||
| 11,300,000,000 | Colombia Government International Bond 9.850%, 6/28/2027 | 2,986,040 |
| DENMARK — 1.6% | ||
| 1,000,000 | Force Bidco A/S 9.531% (3-Month Euribor + 750 basis points), 4/10/20293,4 | 1,192,147 |
| DOMINICAN REPUBLIC — 0.8% | ||
| 37,000,000 | Dominican Republic International Bond 9.750%, 6/5/2026 | 592,292 |
| FRANCE — 1.9% | ||
| 1,200,000 | TotalEnergies S.E. 3.369% 3,5,6 | 1,426,623 |
| Principal Amount1 | Value | |
| FIXED INCOME SECURITIES (Continued) | ||
| LUXEMBOURG — 4.1% | ||
| 285,000,000 | European Investment Bank 6.950%, 3/1/20292 | $3,100,890 |
| MALAYSIA — 4.7% | ||
| Malaysia Government Bond | ||
| 10,000,000 | 2.632%, 4/15/2031 | 2,450,530 |
| 4,250,000 | 3.476%, 7/2/2035 | 1,075,619 |
| 3,526,149 | ||
| MALTA — 3.7% | ||
| 700,000 | Airx Group Holdings Ltd. 13.000%, 9/12/20282,3 | 840,101 |
| 9,000,000 | Gentoo Media PLC 9.100% (Stockholm Interbank Offered Rates 3 Month + 725 basis points), 12/18/20263,4 | 1,023,014 |
| 800,000 | Samara Asset Group PLC 9.523% (3-Month Euribor + 750 basis points), 11/5/20292,3,4 | 922,246 |
| 2,785,361 | ||
| MEXICO — 6.0% | ||
| 17,850,000 | America Movil S.A.B. de C.V. 9.500%, 1/27/20313 | 1,048,524 |
| Mexican Bonos | ||
| 19,000,000 | 7.750%, 5/29/2031 | 1,062,105 |
| 45,000,000 | 7.750%, 11/23/2034 | 2,432,441 |
| 4,543,070 | ||
| NETHERLANDS — 2.0% | ||
| 1,300,000 | Volkswagen International Finance N.V. 3.875% 3,5,6 | 1,533,627 |
| NORWAY — 6.6% | ||
| 5,000,000 | Aker A.S.A. 6.275%, 9/27/2027 | 529,835 |
| 8,750,000 | Ax INV1 Holding A.S. 7.980% (Oslo Bors Norway Interbank Offered Rate Fixing 3 Month + 375 basis points), 2/14/20303,4 | 913,682 |
| 5,000,000 | City of Oslo Norway 1.320%, 2/16/2028 | 490,007 |
| 6,250,000 | Duett Software Group A.S. 9.640% (Oslo Bors Norway Interbank Offered Rate Fixing 3 Month + 550 basis points), 7/14/20282,3,4 | 664,484 |
| Principal Amount1 | Value | |
| FIXED INCOME SECURITIES (Continued) | ||
| NORWAY (Continued) | ||
| 10,300,000 | Hawk Infinity Software A.S. 10.570% (Oslo Bors Norway Interbank Offered Rate Fixing 3 Month + 650 basis points), 10/3/20283,4 | $1,074,866 |
| 6,000,000 | Lime Petroleum A.S. 13.380% (Oslo Bors Norway Interbank Offered Rate Fixing 3 Month + 925 basis points), 7/19/20272,3,4 | 578,645 |
| Lime Petroleum Holding A.S. | ||
| 295,577 | 0.000%, | 30,692 |
| 210,246 | 0.000%, | 21,831 |
| 8,000,000 | 14.130% (Oslo Bors Norway Interbank Offered Rate Fixing 3 Month + 1,000 basis points), 10/10/20282,3,4 | 701,937 |
| 5,005,979 | ||
| PERU — 2.2% | ||
| 5,400,000 | Peruvian Government International Bond 5.940%, 2/12/2029 | 1,685,865 |
| PHILIPPINES — 8.0% | ||
| Asian Development Bank | ||
| 132,000,000 | 6.200%, 10/6/2026 | 1,433,629 |
| 7,000,000 | 8.000%, 8/12/2031 | 1,128,409 |
| 7,000,000,000 | 0.000%, 1/26/2035 | 664,783 |
| 165,000,000 | Philippine Government International Bond 6.250%, 1/14/2036 | 2,783,799 |
| 6,010,620 | ||
| POLAND — 3.7% | ||
| 10,000,000 | Republic of Poland Government Bond 5.000%, 10/25/2035 | 2,803,231 |
| SINGAPORE — 4.9% | ||
| 1,000,000 | Housing & Development Board 2.320%, 1/24/2028 | 795,448 |
| Singapore Government Bond | ||
| 2,000,000 | 2.125%, 6/1/2026 | 1,576,134 |
| 1,500,000 | 3.375%, 9/1/2033 | 1,298,011 |
| 3,669,593 | ||
| SOUTH KOREA — 2.3% | ||
| 100,000,000 | Export-Import Bank of Korea 3.700%, 3/23/2026 | 1,693,685 |
| Principal Amount1 | Value | |
| FIXED INCOME SECURITIES (Continued) | ||
| THAILAND — 2.2% | ||
| 47,000,000 | Thailand Government Bond 3.390%, 6/17/2037 | $1,678,821 |
| TURKEY — 2.8% | ||
| 1,700,000 | Turkiye Government International Bond 5.200%, 8/17/2031 | 2,092,110 |
| UNITED KINGDOM — 6.7% | ||
| 1,000,000 | BP Capital Markets PLC 3.250% 3,5,6 | 1,185,844 |
| European Bank for Reconstruction & Development | ||
| 10,000,000,000 | 5.125%, 5/1/2027 | 596,847 |
| 190,000,000 | 6.300%, 10/26/2027 | 2,048,251 |
| 1,000,000 | Vodafone Group PLC 4.200%, 10/3/20783,6 | 1,217,356 |
| 5,048,298 | ||
| UNITED STATES — 12.2% | ||
| 41,500,000,000 | Inter-American Development Bank 5.100%, 11/17/2026 | 2,469,726 |
| International Bank for Reconstruction & Development | ||
| 10,000,000,000 | 6.000%, 7/17/2026 | 597,546 |
| 2,000,000 | 9.750%, 1/21/2027 | 374,647 |
| 18,500,000,000 | 6.500%, 12/8/2027 | 1,123,645 |
| 24,000,000,000 | 5.350%, 2/9/2029 | 1,422,699 |
| International Finance Corp. | ||
| 16,000,000 | 0.000%, 5/20/2030 | 1,898,305 |
| 70,000,000 | 0.000%, 2/22/2038 | 1,340,290 |
| 9,226,858 | ||
| TOTAL FIXED INCOME SECURITIES | ||
| (Cost $66,518,667) | 67,197,878 |
| Number of Shares | Value | |
| SHORT-TERM INVESTMENTS — 8.7% | ||
| 6,561,866 | Federated Hermes Treasury Obligations Fund - Institutional Class, 3.506% 7 | $6,561,866 |
| Total Short-Term Investments | ||
| (Cost $6,561,866) | 6,561,866 | |
| TOTAL INVESTMENTS — 97.8% | ||
| (Cost $74,640,325) | 73,764,151 | |
| Other Assets in Excess of Liabilities — 2.2% | 1,627,802 | |
| TOTAL NET ASSETS — 100.0% | $75,391,953 |
| PLC – Public Limited Company |
| *Non-income producing security. |
| 1Local currency. |
| 2Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted and may be resold in transactions exempt from registration normally to qualified institutional buyers. The total value of these securities is $12,105,231, which represents 16.06% of Net Assets. |
| 3Callable. |
| 4Floating rate security. |
| 5Perpetual security. Maturity date is not applicable. |
| 6Variable rate security. |
| 7The rate is the annualized seven-day yield at period end. |