|
|
Principal
Amount
|
Value
|
|
|
U.S. Treasury Securities-99.74%
|
|||
|
U.S. Treasury Inflation — Indexed Bonds-13.36%(a)
|
|||
|
2.38%, 01/15/2027
|
$
|
1,582,639
|
$1,605,756
|
|
1.75%, 01/15/2028
|
|
1,448,597
|
1,471,890
|
|
3.63%, 04/15/2028
|
|
2,010,354
|
2,125,206
|
|
2.50%, 01/15/2029
|
|
1,279,428
|
1,333,145
|
|
3.88%, 04/15/2029
|
|
2,285,632
|
2,482,815
|
|
|
|
|
9,018,812
|
|
U.S. Treasury Inflation — Indexed Notes-86.38%(a)
|
|||
|
0.13%, 04/15/2026
|
|
2,961,535
|
2,959,426
|
|
0.13%, 07/15/2026
|
|
2,994,966
|
3,002,185
|
|
0.13%, 10/15/2026
|
|
2,728,241
|
2,726,228
|
|
0.38%, 01/15/2027
|
|
3,051,633
|
3,038,591
|
|
0.13%, 04/15/2027
|
|
2,716,532
|
2,689,375
|
|
0.38%, 07/15/2027
|
|
2,932,910
|
2,924,305
|
|
1.63%, 10/15/2027
|
|
2,629,048
|
2,670,776
|
|
0.50%, 01/15/2028
|
|
3,056,519
|
3,032,076
|
|
1.25%, 04/15/2028
|
|
2,593,848
|
2,607,180
|
|
0.75%, 07/15/2028
|
|
2,833,626
|
2,828,712
|
|
2.38%, 10/15/2028
|
|
2,671,028
|
2,775,649
|
|
0.88%, 01/15/2029
|
|
2,788,965
|
2,775,145
|
|
2.13%, 04/15/2029
|
|
2,726,924
|
2,812,131
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Treasury Inflation — Indexed Notes-(continued)
|
|||
|
0.25%, 07/15/2029
|
$
|
3,026,769
|
$2,951,531
|
|
1.63%, 10/15/2029
|
|
2,873,099
|
2,931,525
|
|
0.13%, 01/15/2030
|
|
3,104,602
|
2,979,413
|
|
1.63%, 04/15/2030
|
|
3,181,671
|
3,230,625
|
|
0.13%, 07/15/2030
|
|
3,239,056
|
3,094,994
|
|
1.13%, 10/15/2030
|
|
3,254,962
|
3,240,521
|
|
0.13%, 01/15/2031
|
|
3,213,629
|
3,033,130
|
|
|
|
|
58,303,518
|
|
Total U.S. Treasury Securities
(Cost $66,738,081)
|
67,322,330
|
||
|
|
Shares
|
|
|
|
Money Market Funds-0.16%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(b)(c)
(Cost $108,823)
|
|
108,823
|
108,823
|
|
TOTAL INVESTMENTS IN SECURITIES-99.90%
(Cost $66,846,904)
|
67,431,153
|
||
|
OTHER ASSETS LESS LIABILITIES-0.10%
|
67,987
|
||
|
NET ASSETS-100.00%
|
$67,499,140
|
||
|
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 three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$274,943
|
$869,214
|
$(1,035,334
)
|
$-
|
$-
|
$108,823
|
$582
|
|
(c)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Dollar Denominated Bonds & Notes-98.34%
|
|||
|
Angola-3.08%
|
|||
|
Angolan Government International Bond
|
|
|
|
|
8.75%, 04/14/2032(a)
|
$
|
13,631,000
|
$13,369,795
|
|
9.38%, 05/08/2048(a)
|
|
14,869,000
|
13,269,378
|
|
9.13%, 11/26/2049(a)
|
|
15,139,000
|
13,137,100
|
|
|
|
|
39,776,273
|
|
Bahrain-2.88%
|
|||
|
Bahrain Government International Bond
|
|
|
|
|
6.00%, 09/19/2044(a)(b)
|
|
14,343,000
|
12,322,293
|
|
7.50%, 09/20/2047(a)
|
|
12,287,000
|
12,261,718
|
|
6.25%, 01/25/2051(a)(b)
|
|
14,584,000
|
12,579,316
|
|
|
|
|
37,163,327
|
|
Brazil-3.03%
|
|||
|
Brazilian Government International Bond
|
|
|
|
|
4.75%, 01/14/2050
|
|
17,742,000
|
13,065,209
|
|
7.13%, 05/13/2054(b)
|
|
12,806,000
|
12,845,571
|
|
7.25%, 01/12/2056
|
|
13,135,000
|
13,157,986
|
|
|
|
|
39,068,766
|
|
Chile-3.03%
|
|||
|
Chile Government International Bond
|
|
|
|
|
4.34%, 03/07/2042
|
|
14,573,000
|
12,959,769
|
|
4.00%, 01/31/2052
|
|
16,646,000
|
13,192,787
|
|
5.33%, 01/05/2054
|
|
13,367,997
|
12,974,644
|
|
|
|
|
39,127,200
|
|
China-3.01%
|
|||
|
China Government International Bond
|
|
|
|
|
4.00%, 10/19/2048(a)(b)
|
|
13,682,000
|
13,094,427
|
|
2.25%, 10/21/2050(a)(b)
|
|
18,930,000
|
12,910,486
|
|
2.50%, 10/26/2051(a)(b)
|
|
18,019,000
|
12,884,793
|
|
|
|
|
38,889,706
|
|
Colombia-3.08%
|
|||
|
Colombia Government International Bond
|
|
|
|
|
5.63%, 02/26/2044
|
|
16,154,000
|
13,134,817
|
|
8.75%, 11/14/2053(b)
|
|
12,046,000
|
13,256,623
|
|
8.38%, 11/07/2054
|
|
12,643,000
|
13,392,098
|
|
|
|
|
39,783,538
|
|
Costa Rica-3.06%
|
|||
|
Costa Rica Government International Bond
|
|
|
|
|
5.63%, 04/30/2043(a)(b)
|
|
13,876,000
|
13,288,629
|
|
7.00%, 04/04/2044(a)(b)
|
|
12,056,000
|
13,136,097
|
|
7.16%, 03/12/2045(a)(b)
|
|
11,944,000
|
13,096,118
|
|
|
|
|
39,520,844
|
|
Dominican Republic-3.03%
|
|||
|
Dominican Republic International Bond
|
|
|
|
|
7.45%, 04/30/2044(a)
|
|
11,680,000
|
12,865,520
|
|
6.85%, 01/27/2045(a)
|
|
12,591,000
|
13,056,867
|
|
6.50%, 02/15/2048(a)(b)
|
|
13,229,000
|
13,189,313
|
|
|
|
|
39,111,700
|
|
Egypt-3.44%
|
|||
|
Egypt Government International Bond
|
|
|
|
|
8.70%, 03/01/2049(a)
|
|
14,946,000
|
14,662,273
|
|
8.88%, 05/29/2050(a)
|
|
15,173,000
|
15,032,748
|
|
8.75%, 09/30/2051(a)
|
|
14,981,000
|
14,658,741
|
|
|
|
|
44,353,762
|
|
|
Principal
Amount
|
Value
|
|
|
El Salvador-3.12%
|
|||
|
El Salvador Government International Bond
|
|
|
|
|
7.63%, 02/01/2041(a)
|
$
|
13,365,000
|
$13,398,413
|
|
7.13%, 01/20/2050(a)
|
|
14,582,000
|
13,451,895
|
|
9.50%, 07/15/2052(a)
|
|
11,745,000
|
13,407,387
|
|
|
|
|
40,257,695
|
|
Guatemala-3.19%
|
|||
|
Guatemala Government Bond
|
|
|
|
|
6.55%, 02/06/2037(a)
|
|
12,750,000
|
13,595,962
|
|
4.65%, 10/07/2041(a)
|
|
15,889,000
|
13,752,962
|
|
6.88%, 08/15/2055(a)
|
|
12,921,000
|
13,825,858
|
|
|
|
|
41,174,782
|
|
Hungary-2.92%
|
|||
|
Hungary Government International Bond
|
|
|
|
|
7.63%, 03/29/2041
|
|
10,868,000
|
12,661,289
|
|
6.75%, 09/25/2052(a)
|
|
11,647,000
|
12,405,457
|
|
6.75%, 09/23/2055(a)
|
|
12,060,000
|
12,557,036
|
|
|
|
|
37,623,782
|
|
Indonesia-2.82%
|
|||
|
Indonesia Government International Bond
|
|
|
|
|
3.50%, 02/14/2050
|
|
17,490,000
|
12,440,612
|
|
4.45%, 04/15/2070
|
|
15,178,000
|
11,900,907
|
|
3.35%, 03/12/2071
|
|
19,386,000
|
11,994,987
|
|
|
|
|
36,336,506
|
|
Jordan-3.15%
|
|||
|
Jordan Government International Bond
|
|
|
|
|
7.50%, 01/13/2029(a)
|
|
12,568,000
|
13,201,565
|
|
5.85%, 07/07/2030(a)
|
|
13,578,000
|
13,699,509
|
|
7.38%, 10/10/2047(a)
|
|
13,833,000
|
13,710,012
|
|
|
|
|
40,611,086
|
|
Kazakhstan-2.93%
|
|||
|
Kazakhstan Government International
Bond
|
|
|
|
|
5.50%, 07/01/2037(a)
|
|
12,629,000
|
12,847,137
|
|
4.88%, 10/14/2044(a)
|
|
13,661,000
|
12,366,423
|
|
6.50%, 07/21/2045(a)
|
|
11,538,000
|
12,546,950
|
|
|
|
|
37,760,510
|
|
Mexico-3.02%
|
|||
|
Mexico Government International Bond
|
|
|
|
|
6.34%, 05/04/2053
|
|
13,689,000
|
13,012,079
|
|
3.75%, 04/19/2071
|
|
21,787,000
|
12,882,653
|
|
5.75%, 10/12/2110
|
|
15,720,000
|
13,100,262
|
|
|
|
|
38,994,994
|
|
Morocco-3.05%
|
|||
|
Morocco Government International Bond
|
|
|
|
|
6.50%, 09/08/2033(a)
|
|
11,946,000
|
12,879,948
|
|
5.50%, 12/11/2042(a)
|
|
14,092,000
|
13,340,918
|
|
4.00%, 12/15/2050(a)
|
|
18,464,000
|
13,186,400
|
|
|
|
|
39,407,266
|
|
Nigeria-3.34%
|
|||
|
Nigeria Government International Bond
|
|
|
|
|
7.70%, 02/23/2038(a)
|
|
14,270,000
|
14,133,804
|
|
7.63%, 11/28/2047(a)
|
|
15,342,000
|
14,381,810
|
|
9.25%, 01/21/2049(a)(b)
|
|
13,362,000
|
14,573,426
|
|
|
|
|
43,089,040
|
|
|
Principal
Amount
|
Value
|
|
|
Oman-3.06%
|
|||
|
Oman Government International Bond
|
|
|
|
|
6.50%, 03/08/2047(a)
|
$
|
12,283,000
|
$12,995,484
|
|
6.75%, 01/17/2048(a)
|
|
12,323,000
|
13,325,632
|
|
7.00%, 01/25/2051(a)
|
|
11,802,000
|
13,189,299
|
|
|
|
|
39,510,415
|
|
Pakistan-3.34%
|
|||
|
Pakistan Government International Bond
|
|
|
|
|
7.38%, 04/08/2031(a)
|
|
20,835,000
|
21,018,083
|
|
8.88%, 04/08/2051(a)
|
|
22,001,000
|
22,140,519
|
|
|
|
|
43,158,602
|
|
Panama-3.27%
|
|||
|
Panama Government International Bond
|
|
|
|
|
6.40%, 02/14/2035(b)
|
|
13,325,000
|
13,969,930
|
|
6.88%, 01/31/2036
|
|
12,993,000
|
13,994,436
|
|
7.88%, 03/01/2057
|
|
12,339,000
|
14,247,226
|
|
|
|
|
42,211,592
|
|
Peru-2.94%
|
|||
|
Peruvian Government International Bond
|
|
|
|
|
5.88%, 08/08/2054
|
|
13,021,000
|
12,806,154
|
|
6.20%, 06/30/2055
|
|
12,112,000
|
12,402,082
|
|
3.60%, 01/15/2072
|
|
20,190,000
|
12,781,784
|
|
|
|
|
37,990,020
|
|
Philippines-2.93%
|
|||
|
Philippine Government International Bond
|
|
|
|
|
4.20%, 03/29/2047
|
|
15,085,000
|
12,440,372
|
|
5.95%, 10/13/2047
|
|
11,899,000
|
12,343,068
|
|
5.90%, 02/04/2050(b)
|
|
12,476,000
|
13,001,518
|
|
|
|
|
37,784,958
|
|
Qatar-2.96%
|
|||
|
Qatar Government International Bond
|
|
|
|
|
4.63%, 06/02/2046(a)
|
|
13,958,000
|
12,737,862
|
|
5.10%, 04/23/2048(a)
|
|
13,137,000
|
12,805,702
|
|
4.82%, 03/14/2049(a)
|
|
13,635,000
|
12,637,925
|
|
|
|
|
38,181,489
|
|
Romania-3.25%
|
|||
|
Romanian Government International Bond
|
|
|
|
|
5.13%, 06/15/2048(a)
|
|
16,698,000
|
14,010,436
|
|
4.00%, 02/14/2051(a)
|
|
19,990,000
|
13,965,292
|
|
7.63%, 01/17/2053(a)
|
|
12,524,000
|
13,970,480
|
|
|
|
|
41,946,208
|
|
Saudi Arabia-2.94%
|
|||
|
Saudi Government International Bond
|
|
|
|
|
5.75%, 01/16/2054(a)(b)
|
|
13,177,000
|
12,794,738
|
|
4.50%, 04/22/2060(a)
|
|
15,782,000
|
12,396,456
|
|
3.45%, 02/02/2061(a)
|
|
20,201,000
|
12,702,637
|
|
|
|
|
37,893,831
|
|
Serbia-3.06%
|
|||
|
Serbia International Bond
|
|
|
|
|
2.13%, 12/01/2030(a)
|
|
15,335,000
|
13,527,373
|
|
6.50%, 09/26/2033(a)
|
|
11,818,000
|
12,734,432
|
|
6.00%, 06/12/2034(a)
|
|
12,675,000
|
13,179,757
|
|
|
|
|
39,441,562
|
|
South Africa-3.19%
|
|||
|
Republic of South Africa Government
International Bond
|
|
|
|
|
5.75%, 09/30/2049
|
|
16,350,000
|
13,490,840
|
|
|
Principal
Amount
|
Value
|
|
|
South Africa-(continued)
|
|||
|
7.30%, 04/20/2052
|
$
|
13,664,000
|
$13,501,806
|
|
7.95%, 11/19/2054(a)
|
|
13,400,000
|
14,103,034
|
|
|
|
|
41,095,680
|
|
Trinidad-3.04%
|
|||
|
Trinidad & Tobago Government
International Bond
|
|
|
|
|
4.50%, 06/26/2030(a)
|
|
13,675,000
|
13,233,024
|
|
5.95%, 01/14/2031(a)
|
|
12,839,000
|
13,074,211
|
|
6.40%, 06/26/2034(a)(b)
|
|
12,874,000
|
12,971,327
|
|
|
|
|
39,278,562
|
|
Turkey-3.06%
|
|||
|
Turkey Government International Bond
|
|
|
|
|
4.88%, 04/16/2043
|
|
17,249,000
|
13,017,968
|
|
6.63%, 02/17/2045
|
|
14,684,000
|
13,377,423
|
|
5.75%, 05/11/2047
|
|
16,152,000
|
13,034,745
|
|
|
|
|
39,430,136
|
|
United Arab Emirates-2.97%
|
|||
|
Finance Department Government of
Sharjah
|
|
|
|
|
6.13%, 03/06/2036(a)(b)
|
|
12,510,000
|
12,864,864
|
|
4.00%, 07/28/2050(a)
|
|
19,288,000
|
12,898,593
|
|
4.38%, 03/10/2051(a)(b)
|
|
17,767,000
|
12,524,630
|
|
|
|
|
38,288,087
|
|
Uzbekistan-3.15%
|
|||
|
Republic of Uzbekistan International Bond
|
|
|
|
|
3.70%, 11/25/2030(a)(b)
|
|
14,692,000
|
13,766,377
|
|
3.90%, 10/19/2031(a)
|
|
14,791,000
|
13,765,882
|
|
6.90%, 02/28/2032(a)
|
|
12,152,000
|
13,089,598
|
|
|
|
|
40,621,857
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $1,330,342,915)
|
1,268,883,776
|
||
|
|
Shares
|
|
|
|
Money Market Funds-0.35%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(c)(d)
(Cost $4,545,794)
|
|
4,545,794
|
4,545,794
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-98.69%
(Cost $1,334,888,709)
|
1,273,429,570
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-7.87%
|
|||
|
Invesco Private Government Fund,
3.65%(c)(d)(e)
|
|
28,283,454
|
28,283,454
|
|
Invesco Private Prime Fund, 3.80%(c)(d)(e)
|
|
73,274,707
|
73,296,689
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $101,580,143)
|
101,580,143
|
||
|
TOTAL INVESTMENTS IN SECURITIES-106.56%
(Cost $1,436,468,852)
|
1,375,009,713
|
||
|
OTHER ASSETS LESS LIABILITIES-(6.56)%
|
(84,630,628
)
|
||
|
NET ASSETS-100.00%
|
$1,290,379,085
|
||
|
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
January 31, 2026 was $878,502,131, which represented 68.08% of the Fund’s Net Assets.
|
|
(b)
|
All or a portion of this security was out on loan at January 31, 2026.
|
|
(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 three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in
Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
$3,047,458
|
$23,917,739
|
$(22,419,403
)
|
$-
|
$-
|
$4,545,794
|
$37,539
|
|
Investments
Purchased with Cash
Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
22,344,225
|
97,948,564
|
(92,009,335
)
|
-
|
-
|
28,283,454
|
245,661
*
|
|
Invesco Private Prime
Fund
|
58,029,735
|
107,636,725
|
(92,369,771
)
|
805
|
(805
)
|
73,296,689
|
640,487
*
|
|
Total
|
$83,421,418
|
$229,503,028
|
$(206,798,509
)
|
$805
|
$(805
)
|
$106,125,937
|
$923,687
|
|
*
|
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 January 31, 2026.
|
|
(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-96.84%
|
|||
|
Angola-0.23%
|
|||
|
Azule Energy Finance PLC, 8.13%,
01/23/2030(a)
|
$
|
450,000
|
$455,746
|
|
Argentina-2.83%
|
|||
|
Banco Macro S.A., 8.00%, 06/23/2029(a)
|
|
200,000
|
206,500
|
|
Pampa Energia S.A., 7.88%, 12/16/2034(a)
|
|
300,000
|
305,940
|
|
Pluspetrol S.A.
|
|
|
|
|
8.13%, 05/18/2031(a)
|
|
207,000
|
209,846
|
|
8.50%, 05/30/2032(a)
|
|
280,000
|
288,160
|
|
Tecpetrol S A, 7.63%, 11/03/2030(a)
|
|
310,000
|
310,636
|
|
Telecom Argentina S.A.
|
|
|
|
|
9.50%, 07/18/2031(a)
|
|
370,000
|
395,530
|
|
9.25%, 05/28/2033(a)
|
|
430,000
|
454,606
|
|
Transportadora de Gas del Sur S.A., 7.75%,
11/20/2035(a)
|
|
210,000
|
210,888
|
|
Vista Energy Argentina S.A.U.
|
|
|
|
|
8.50%, 06/10/2033(a)
|
|
390,000
|
406,575
|
|
7.63%, 12/10/2035(a)
|
|
240,000
|
240,480
|
|
YPF S.A.
|
|
|
|
|
6.95%, 07/21/2027(a)
|
|
260,000
|
262,815
|
|
9.00%, 06/30/2029(a)
|
|
285,942
|
297,136
|
|
9.50%, 01/17/2031(a)
|
|
410,000
|
434,944
|
|
8.75%, 09/11/2031(a)
|
|
435,000
|
450,209
|
|
7.00%, 09/30/2033(a)
|
|
230,000
|
226,131
|
|
8.25%, 01/17/2034(a)
|
|
719,000
|
733,778
|
|
7.00%, 12/15/2047(a)
|
|
255,000
|
228,170
|
|
|
|
|
5,662,344
|
|
Australia-1.33%
|
|||
|
Fortescue Treasury Pty Ltd.
|
|
|
|
|
4.50%, 09/15/2027(a)
|
|
232,000
|
232,190
|
|
4.38%, 04/01/2031(a)
|
|
420,000
|
406,182
|
|
6.13%, 04/15/2032(a)
|
|
316,000
|
329,375
|
|
Infrabuild Australia Pty Ltd., 14.50%,
11/15/2028(a)
|
|
293,000
|
307,470
|
|
Mineral Resources Ltd.
|
|
|
|
|
8.00%, 11/01/2027(a)
|
|
293,000
|
299,904
|
|
9.25%, 10/01/2028(a)
|
|
414,000
|
435,242
|
|
8.50%, 05/01/2030(a)
|
|
342,000
|
354,838
|
|
7.00%, 04/01/2031(a)
|
|
289,000
|
303,986
|
|
|
|
|
2,669,187
|
|
Austria-0.17%
|
|||
|
ams-OSRAM AG, 12.25%, 03/30/2029(a)
|
|
320,000
|
341,623
|
|
Azerbaijan-0.18%
|
|||
|
State Oil Co. of the Azerbaijan Republic (The),
6.95%, 03/18/2030(a)
|
|
340,000
|
367,737
|
|
Bahrain-1.10%
|
|||
|
Bank of Bahrain and Kuwait B.S.C., 6.88%,
06/06/2029(a)
|
|
200,000
|
206,335
|
|
Bapco Energies B.S.C. Closed
|
|
|
|
|
7.50%, 10/25/2027(a)
|
|
570,000
|
588,731
|
|
8.38%, 11/07/2028(a)
|
|
200,000
|
214,936
|
|
Bapco Energies Sukuk Ltd.
|
|
|
|
|
5.25%, 04/08/2029(a)
|
|
200,000
|
198,735
|
|
6.63%, 05/25/2033(a)(b)
|
|
400,000
|
421,823
|
|
6.25%, 01/29/2035(a)(b)
|
|
350,000
|
360,538
|
|
GFH Senior Sukuk Ltd., 7.50%,
11/06/2029(a)
|
|
200,000
|
203,033
|
|
|
|
|
2,194,131
|
|
|
Principal
Amount
|
Value
|
|
|
Belgium-0.20%
|
|||
|
Telenet Finance Luxembourg Notes S.a.r.l.,
5.50%, 03/01/2028(a)(b)
|
$
|
400,000
|
$399,947
|
|
Brazil-11.61%
|
|||
|
3R Lux S.a.r.l., 9.75%, 02/05/2031(a)
|
|
200,000
|
208,391
|
|
Acu Petroleo (Luxembourg) S.a.r.l., 7.50%,
01/13/2032(a)
|
|
217,058
|
223,706
|
|
Adecoagro S.A., 7.50%, 07/29/2032(a)
|
|
210,000
|
205,714
|
|
Aegea Finance S.a.r.l.
|
|
|
|
|
9.00%, 01/20/2031(a)
|
|
328,000
|
348,792
|
|
7.63%, 01/20/2036(a)
|
|
315,000
|
308,045
|
|
Amaggi (Luxembourg) International S.a.r.l.,
5.25%, 01/28/2028(a)
|
|
360,000
|
358,313
|
|
AXIA Energia
|
|
|
|
|
4.63%, 02/04/2030(a)
|
|
350,000
|
339,417
|
|
6.50%, 01/11/2035(a)
|
|
460,000
|
479,573
|
|
B3 S.A. - Brasil, Bolsa, Balcao, 4.13%,
09/20/2031(a)
|
|
260,000
|
246,721
|
|
Banco Bradesco S.A.
|
|
|
|
|
4.38%, 03/18/2027(a)
|
|
220,000
|
220,204
|
|
6.50%, 01/22/2030(a)
|
|
440,000
|
462,194
|
|
Banco BTG Pactual S.A.
|
|
|
|
|
6.25%, 04/08/2029(a)
|
|
170,000
|
175,756
|
|
5.75%, 01/22/2030(a)
|
|
200,000
|
203,200
|
|
Banco do Brasil S.A.
|
|
|
|
|
3.25%, 09/30/2026(a)(b)
|
|
460,000
|
457,209
|
|
4.88%, 01/11/2029(a)
|
|
220,000
|
219,479
|
|
6.25%, 04/18/2030(a)
|
|
290,000
|
301,391
|
|
6.00%, 03/18/2031(a)(b)
|
|
340,000
|
349,559
|
|
Banco Votorantim S.A., 5.88%,
04/08/2028(a)
|
|
200,000
|
203,800
|
|
Braskem America Finance Co., 7.13%,
07/22/2041(a)
|
|
235,000
|
94,078
|
|
BRF S.A.
|
|
|
|
|
4.88%, 01/24/2030(a)
|
|
260,000
|
252,456
|
|
5.75%, 09/21/2050(a)
|
|
360,000
|
298,485
|
|
Caixa Economica Federal, 5.63%,
05/13/2030(a)
|
|
400,000
|
406,002
|
|
Constellation Oil Services Holding S.A., 9.38%,
11/07/2029(a)
|
|
300,000
|
313,920
|
|
Cosan (Luxembourg) S.A., 5.50%,
09/20/2029(a)
|
|
180,000
|
182,813
|
|
CSN Inova Ventures, 6.75%, 01/28/2028(a)
|
|
580,000
|
555,196
|
|
CSN Resources S.A.
|
|
|
|
|
8.88%, 12/05/2030(a)
|
|
300,000
|
289,574
|
|
4.63%, 06/10/2031(a)
|
|
380,000
|
298,552
|
|
5.88%, 04/08/2032(a)
|
|
220,000
|
178,894
|
|
Eldorado Intl. Finance GmbH, 8.50%,
12/01/2032(a)
|
|
218,000
|
226,655
|
|
FS Luxembourg S.a.r.l., 8.63%,
06/25/2033(a)
|
|
210,000
|
217,268
|
|
Gol Finance, Inc., 14.38%, 06/06/2030(a)
|
|
900,000
|
932,625
|
|
Itau Unibanco Holding S.A., 6.00%,
02/27/2030(a)
|
|
400,000
|
417,274
|
|
Klabin Austria GmbH
|
|
|
|
|
5.75%, 04/03/2029(a)
|
|
330,000
|
336,666
|
|
3.20%, 01/12/2031(a)
|
|
200,000
|
181,619
|
|
7.00%, 04/03/2049(a)
|
|
297,000
|
307,705
|
|
LD Celulose International GmbH, 7.95%,
01/26/2032(a)(b)
|
|
270,000
|
284,534
|
|
MARB BondCo PLC, 3.95%, 01/29/2031(a)(b)
|
|
505,000
|
457,508
|
|
|
Principal
Amount
|
Value
|
|
|
Brazil-(continued)
|
|||
|
MC Brazil Downstream Trading S.a.r.l., 7.25%,
06/30/2031(a)
|
$
|
714,061
|
$635,114
|
|
Minerva (Luxembourg) S.A.
|
|
|
|
|
4.38%, 03/18/2031(a)(b)
|
|
438,000
|
408,535
|
|
8.88%, 09/13/2033(a)
|
|
500,000
|
546,586
|
|
Movida Europe S.A., 7.85%, 04/11/2029(a)
|
|
200,000
|
194,093
|
|
MV24 Capital B.V., 6.75%, 06/01/2034(a)
|
|
347,015
|
351,651
|
|
Oceanica Lux S.a.r.l., 13.00%, 10/02/2029(a)
|
|
300,000
|
312,000
|
|
Petrobras Global Finance B.V.
|
|
|
|
|
7.38%, 01/17/2027
|
|
235,000
|
242,366
|
|
6.00%, 01/27/2028
|
|
398,000
|
407,515
|
|
5.13%, 09/10/2030
|
|
350,000
|
346,657
|
|
5.60%, 01/03/2031
|
|
277,000
|
279,527
|
|
6.50%, 07/03/2033
|
|
340,000
|
355,206
|
|
6.00%, 01/13/2035
|
|
335,000
|
333,869
|
|
6.25%, 01/10/2036
|
|
350,000
|
344,312
|
|
6.88%, 01/20/2040
|
|
268,000
|
272,936
|
|
6.75%, 01/27/2041
|
|
253,000
|
254,356
|
|
7.25%, 03/17/2044
|
|
296,000
|
307,202
|
|
5.50%, 06/10/2051(b)
|
|
211,000
|
175,361
|
|
6.85%, 06/05/2115
|
|
507,000
|
481,189
|
|
Prio Luxembourg Holding S.a.r.l., 6.75%,
10/15/2030(a)
|
|
290,000
|
289,203
|
|
Rede D’Or Finance S.a.r.l.
|
|
|
|
|
4.95%, 01/17/2028(a)
|
|
220,000
|
220,474
|
|
4.50%, 01/22/2030(a)
|
|
360,000
|
351,370
|
|
6.45%, 09/09/2035(a)
|
|
200,000
|
204,730
|
|
Rumo Luxembourg S.a.r.l.
|
|
|
|
|
5.25%, 01/10/2028(a)
|
|
220,000
|
220,142
|
|
4.20%, 01/18/2032(a)
|
|
200,000
|
184,815
|
|
Sabesp Lux S.a.r.l., 5.63%, 08/20/2030(a)
|
|
210,000
|
210,788
|
|
Samarco Mineracao S.A., 9.00% PIK Rate,
0.50% Cash Rate, 06/30/2031(a)(c)
|
|
2,011,031
|
2,020,167
|
|
Simpar Europe S.A., 5.20%, 01/26/2031(a)
|
|
230,000
|
191,188
|
|
Usiminas International S.a.r.l., 7.50%,
01/27/2032(a)
|
|
200,000
|
207,725
|
|
XP, Inc., 6.75%, 07/02/2029(a)
|
|
220,000
|
228,325
|
|
Yinson Bergenia Production B.V., 8.50%,
01/31/2045(a)
|
|
480,000
|
522,285
|
|
Yinson Boronia Production B.V., 8.95%,
07/31/2042(a)
|
|
539,600
|
599,989
|
|
|
|
|
23,242,964
|
|
Cameroon-0.10%
|
|||
|
Golar LNG Ltd., 7.50%, 10/02/2030(a)
|
|
200,000
|
200,311
|
|
Canada-10.83%
|
|||
|
1011778 BC ULC/New Red Finance, Inc.
|
|
|
|
|
3.88%, 01/15/2028(a)
|
|
703,000
|
692,909
|
|
4.38%, 01/15/2028(a)
|
|
317,000
|
315,320
|
|
3.50%, 02/15/2029(a)
|
|
387,000
|
373,213
|
|
6.13%, 06/15/2029(a)
|
|
500,000
|
512,949
|
|
5.63%, 09/15/2029(a)
|
|
225,000
|
229,089
|
|
4.00%, 10/15/2030(a)
|
|
1,262,000
|
1,204,846
|
|
Air Canada, 3.88%, 08/15/2026(a)
|
|
563,000
|
561,192
|
|
Algonquin Power & Utilities Corp., 4.75%,
01/18/2082(b)(d)
|
|
292,000
|
290,064
|
|
AltaGas Ltd., 7.20%, 10/15/2054(a)(d)
|
|
366,000
|
380,845
|
|
Baffinland Iron Mines Corp./Baffinland Iron
Mines L.P., 8.75%, 07/15/2026(a)
|
|
220,000
|
191,682
|
|
|
Principal
Amount
|
Value
|
|
|
Canada-(continued)
|
|||
|
Bell Canada
|
|
|
|
|
6.88%, 09/15/2055(d)
|
$
|
410,000
|
$425,056
|
|
7.00%, 09/15/2055(d)
|
|
613,000
|
643,147
|
|
Bombardier, Inc.
|
|
|
|
|
6.00%, 02/15/2028(a)
|
|
195,000
|
195,414
|
|
7.50%, 02/01/2029(a)
|
|
337,000
|
350,274
|
|
8.75%, 11/15/2030(a)
|
|
310,000
|
332,604
|
|
7.25%, 07/01/2031(a)
|
|
350,000
|
372,020
|
|
7.00%, 06/01/2032(a)
|
|
305,000
|
320,545
|
|
6.75%, 06/15/2033(a)
|
|
320,000
|
336,525
|
|
7.45%, 05/01/2034(a)
|
|
209,000
|
234,235
|
|
Brookfield Residential Properties,
Inc./Brookfield Residential U.S. LLC
|
|
|
|
|
6.25%, 09/15/2027(a)
|
|
240,000
|
240,174
|
|
4.88%, 02/15/2030(a)
|
|
190,000
|
177,536
|
|
Capstone Copper Corp., 6.75%,
03/31/2033(a)
|
|
240,000
|
248,833
|
|
Champion Iron Canada, Inc., 7.88%,
07/15/2032(a)
|
|
210,000
|
224,790
|
|
Dye & Durham Ltd., 8.63%, 04/15/2029(a)
|
|
228,000
|
205,283
|
|
Emera, Inc., Series 16-A, 6.75%,
06/15/2076(d)
|
|
570,000
|
574,165
|
|
Garda World Security Corp.
|
|
|
|
|
6.00%, 06/01/2029(a)
|
|
200,000
|
196,946
|
|
6.50%, 01/15/2031(a)
|
|
275,000
|
282,070
|
|
8.25%, 08/01/2032(a)
|
|
300,000
|
306,735
|
|
8.38%, 11/15/2032(a)
|
|
500,000
|
513,708
|
|
goeasy Ltd.
|
|
|
|
|
9.25%, 12/01/2028(a)
|
|
224,000
|
230,467
|
|
7.63%, 07/01/2029(a)
|
|
300,000
|
297,291
|
|
Great Canadian Gaming Corp., 8.75%,
11/15/2029(a)
|
|
300,000
|
305,254
|
|
Hudbay Minerals, Inc., 6.13%, 04/01/2029(a)
|
|
232,000
|
234,307
|
|
Ivanhoe Mines Ltd., 7.88%, 01/23/2030(a)
|
|
400,000
|
417,069
|
|
Jones Deslauriers Insurance Management,
Inc., 8.50%, 03/15/2030(a)
|
|
376,000
|
393,376
|
|
Kronos Acquisition Holdings, Inc., 8.25%,
06/30/2031(a)
|
|
300,000
|
211,875
|
|
Mattamy Group Corp., 4.63%, 03/01/2030(a)
|
|
230,000
|
224,771
|
|
Methanex Corp.
|
|
|
|
|
5.13%, 10/15/2027
|
|
305,000
|
306,014
|
|
5.25%, 12/15/2029(b)
|
|
295,000
|
296,848
|
|
New Flyer Holdings, Inc., 9.25%,
07/01/2030(a)
|
|
244,000
|
263,049
|
|
Northriver Midstream Finance L.P., 6.75%,
07/15/2032(a)
|
|
250,000
|
254,533
|
|
NOVA Chemicals Corp.
|
|
|
|
|
5.25%, 06/01/2027(a)
|
|
507,000
|
509,635
|
|
4.25%, 05/15/2029(a)
|
|
220,000
|
214,705
|
|
9.00%, 02/15/2030(a)
|
|
275,000
|
293,612
|
|
Open Text Corp.
|
|
|
|
|
3.88%, 02/15/2028(a)
|
|
400,000
|
387,483
|
|
3.88%, 12/01/2029(a)
|
|
391,000
|
363,141
|
|
Open Text Holdings, Inc.
|
|
|
|
|
4.13%, 02/15/2030(a)
|
|
452,000
|
420,290
|
|
4.13%, 12/01/2031(a)
|
|
253,000
|
227,515
|
|
RB Global Holdings, Inc.
|
|
|
|
|
6.75%, 03/15/2028(a)(b)
|
|
210,000
|
214,165
|
|
7.75%, 03/15/2031(a)
|
|
408,000
|
425,804
|
|
Rogers Communications, Inc.
|
|
|
|
|
7.00%, 04/15/2055(b)(d)
|
|
450,000
|
466,975
|
|
|
Principal
Amount
|
Value
|
|
|
Canada-(continued)
|
|||
|
7.13%, 04/15/2055(b)(d)
|
$
|
410,000
|
$430,122
|
|
5.25%, 03/15/2082(a)(d)
|
|
302,000
|
301,849
|
|
Saturn Oil & Gas, Inc., 9.63%, 06/15/2029(a)
|
|
218,000
|
223,183
|
|
South Bow Canadian Infrastructure Holdings
Ltd., 7.50%, 03/01/2055(d)
|
|
450,000
|
475,973
|
|
Superior Plus L.P./Superior General Partner,
Inc., 4.50%, 03/15/2029(a)
|
|
230,000
|
224,840
|
|
Taseko Mines Ltd., 8.25%, 05/01/2030(a)
|
|
200,000
|
212,538
|
|
TELUS Corp.
|
|
|
|
|
6.63%, 10/15/2055(b)(d)
|
|
290,000
|
296,729
|
|
7.00%, 10/15/2055(b)(d)
|
|
330,000
|
345,291
|
|
6.38%, 06/09/2056(d)
|
|
350,000
|
353,743
|
|
6.63%, 06/09/2056(d)
|
|
330,000
|
331,582
|
|
Toucan FinCo Ltd./Toucan FinCo Can,
Inc./Toucan FinCo US LLC, 9.50%,
05/15/2030(a)(b)
|
|
400,000
|
386,391
|
|
Wrangler Holdco Corp., 6.63%,
04/01/2032(a)
|
|
200,000
|
208,248
|
|
|
|
|
21,680,837
|
|
Cayman Islands-0.24%
|
|||
|
Global Aircraft Leasing Co. Ltd., 8.75%,
09/01/2027(a)(b)
|
|
463,000
|
479,844
|
|
Chile-1.04%
|
|||
|
AES Andes S.A., 8.15%, 06/10/2055(a)(d)
|
|
200,000
|
212,982
|
|
Agrosuper S.A., 4.60%, 01/20/2032(a)
|
|
220,000
|
211,286
|
|
Falabella S.A., 3.38%, 01/15/2032(a)
|
|
290,000
|
261,615
|
|
Inversiones CMPC S.A., 6.70%,
12/09/2057(a)(d)
|
|
250,000
|
253,125
|
|
LATAM Airlines Group S.A.
|
|
|
|
|
7.88%, 04/15/2030(a)
|
|
600,000
|
630,258
|
|
7.63%, 01/07/2031(a)
|
|
300,000
|
315,375
|
|
Telefonica Moviles Chile S.A., 3.54%,
11/18/2031(a)
|
|
280,000
|
199,992
|
|
|
|
|
2,084,633
|
|
China-2.44%
|
|||
|
CFAMC III Co. Ltd.
|
|
|
|
|
4.75%, 04/27/2027(a)
|
|
300,000
|
301,429
|
|
4.25%, 11/07/2027(a)
|
|
500,000
|
498,536
|
|
CFAMC IV Co. Ltd., 4.50%, 05/29/2029(a)
|
|
200,000
|
199,493
|
|
Fortune Star (BVI) Ltd.
|
|
|
|
|
5.05%, 01/27/2027(a)
|
|
220,000
|
216,251
|
|
8.50%, 05/19/2028(a)
|
|
200,000
|
206,993
|
|
Franshion Brilliant Ltd.
|
|
|
|
|
4.25%, 07/23/2029(a)
|
|
200,000
|
185,258
|
|
6.00%(a)(d)(e)
|
|
220,000
|
219,930
|
|
Greentown China Holdings Ltd., 8.45%,
02/24/2028(a)
|
|
200,000
|
204,867
|
|
Industrial and Commercial Bank of China Ltd.,
3.20%(a)(d)(e)
|
|
2,682,000
|
2,665,826
|
|
Longfor Group Holdings Ltd., 4.50%,
01/16/2028(a)
|
|
200,000
|
185,735
|
|
|
|
|
4,884,318
|
|
Colombia-4.09%
|
|||
|
AI Candelaria (Spain) S.A., 5.75%,
06/15/2033(a)
|
|
295,000
|
263,879
|
|
Banco Davivienda S.A., 8.13%,
07/02/2035(a)(d)
|
|
200,000
|
209,000
|
|
Banco de Bogota S.A., 6.25%, 05/12/2026(a)
|
|
490,000
|
492,760
|
|
|
Principal
Amount
|
Value
|
|
|
Colombia-(continued)
|
|||
|
Colombia Telecomunicaciones S.A. E.S.P.,
4.95%, 07/17/2030(a)
|
$
|
207,000
|
$193,796
|
|
Ecopetrol S.A.
|
|
|
|
|
8.63%, 01/19/2029
|
|
339,000
|
363,392
|
|
6.88%, 04/29/2030
|
|
591,000
|
597,897
|
|
4.63%, 11/02/2031
|
|
410,000
|
368,689
|
|
7.75%, 02/01/2032
|
|
480,000
|
493,187
|
|
8.88%, 01/13/2033
|
|
660,000
|
709,824
|
|
8.38%, 01/19/2036
|
|
550,000
|
569,386
|
|
7.38%, 09/18/2043
|
|
208,000
|
191,623
|
|
5.88%, 05/28/2045
|
|
570,000
|
431,100
|
|
5.88%, 11/02/2051(b)
|
|
230,000
|
166,210
|
|
Empresas Publicas de Medellin E.S.P.
|
|
|
|
|
4.25%, 07/18/2029(a)
|
|
400,000
|
376,875
|
|
4.38%, 02/15/2031(a)(b)
|
|
260,000
|
236,914
|
|
EnfraGen Energia Sur S.A./EnfraGen Spain
S.A./Prime Energia S.p.A., 5.38%,
12/30/2030(a)
|
|
295,000
|
275,434
|
|
Gran Tierra Energy, Inc., 9.50%,
10/15/2029(a)
|
|
300,000
|
239,997
|
|
Grupo Aval Ltd., 4.38%, 02/04/2030(a)
|
|
450,000
|
423,430
|
|
Grupo Nutresa S.A.
|
|
|
|
|
8.00%, 05/12/2030(a)
|
|
600,000
|
639,885
|
|
9.00%, 05/12/2035(a)
|
|
600,000
|
670,500
|
|
SierraCol Energy Andina LLC/SierraCol Energy
Arauca/Colombia Energy Development,
9.00%, 11/14/2030(a)
|
|
270,000
|
270,446
|
|
|
|
|
8,184,224
|
|
Costa Rica-0.11%
|
|||
|
Instituto Costarricense de Electricidad, 6.38%,
05/15/2043(a)
|
|
220,000
|
219,087
|
|
Czech Republic-0.21%
|
|||
|
Czechoslovak Group A.S., 6.50%,
01/10/2031(a)
|
|
400,000
|
417,880
|
|
Denmark-0.58%
|
|||
|
GENMAB A/S/GENMAB FINANCE LLC, 7.25%,
12/15/2033(a)
|
|
1,100,000
|
1,164,960
|
|
Dominican Republic-0.10%
|
|||
|
Aeropuertos Dominicanos Siglo XXI S.A.,
7.00%, 06/30/2034(a)
|
|
200,000
|
209,955
|
|
Finland-0.18%
|
|||
|
Amer Sports Co., 6.75%, 02/16/2031(a)
|
|
340,000
|
354,404
|
|
France-2.87%
|
|||
|
Altice France S.A.
|
|
|
|
|
9.50%, 11/01/2029(a)
|
|
657,221
|
674,862
|
|
6.88%, 10/15/2030(a)
|
|
345,338
|
339,793
|
|
6.50%, 04/15/2032(a)
|
|
826,401
|
807,646
|
|
6.88%, 07/15/2032(a)
|
|
677,433
|
661,902
|
|
Calderys Financing LLC, 11.25%,
06/01/2028(a)
|
|
310,000
|
323,380
|
|
Electricite de France S.A., 9.13%(a)(d)(e)
|
|
670,000
|
793,391
|
|
Forvia SE
|
|
|
|
|
8.00%, 06/15/2030(a)
|
|
200,000
|
213,620
|
|
6.75%, 09/15/2033(a)
|
|
200,000
|
205,210
|
|
Iliad Holding S.A.S.U.
|
|
|
|
|
7.00%, 10/15/2028(a)
|
|
350,000
|
354,282
|
|
|
Principal
Amount
|
Value
|
|
|
France-(continued)
|
|||
|
8.50%, 04/15/2031(a)
|
$
|
420,000
|
$450,007
|
|
7.00%, 04/15/2032(a)
|
|
350,000
|
359,173
|
|
Opal Bidco SAS, 6.50%, 03/31/2032(a)
|
|
550,000
|
561,584
|
|
|
|
|
5,744,850
|
|
Georgia-0.10%
|
|||
|
Georgian Railway JSC, 4.00%, 06/17/2028(a)
|
|
220,000
|
210,555
|
|
Germany-1.68%
|
|||
|
Cerdia Finanz GmbH, 9.38%, 10/03/2031(a)
|
|
350,000
|
357,777
|
|
IHO Verwaltungs GmbH, 7.75% PIK Rate,
8.50% Cash Rate, 11/15/2030(a)(c)
|
|
200,000
|
210,419
|
|
Mercer International, Inc., 5.13%,
02/01/2029
|
|
339,000
|
209,768
|
|
TK Elevator U.S. Newco, Inc., 5.25%,
07/15/2027(a)
|
|
650,000
|
651,200
|
|
ZF North America Capital, Inc.
|
|
|
|
|
6.88%, 04/14/2028(a)
|
|
331,000
|
341,954
|
|
7.13%, 04/14/2030(a)
|
|
270,000
|
276,553
|
|
6.75%, 04/23/2030(a)
|
|
365,000
|
366,219
|
|
7.50%, 03/24/2031(a)
|
|
650,000
|
666,626
|
|
6.88%, 04/23/2032(a)
|
|
280,000
|
279,384
|
|
|
|
|
3,359,900
|
|
Ghana-0.28%
|
|||
|
Kosmos Energy Ltd., 8.75%, 10/01/2031(a)
|
|
200,000
|
126,360
|
|
Tullow Oil PLC, 10.25%, 05/15/2026(a)
|
|
550,000
|
426,250
|
|
|
|
|
552,610
|
|
Greece-0.10%
|
|||
|
Danaos Corp., 6.88%, 10/15/2032(a)
|
|
200,000
|
206,706
|
|
Guatemala-0.74%
|
|||
|
Central American Bottling Corp./CBC Bottling
Holdco S.L./Beliv Holdco S.L., 5.25%,
04/27/2029(a)
|
|
459,000
|
456,931
|
|
CT Trust, 5.13%, 02/03/2032(a)
|
|
300,000
|
286,348
|
|
Energuate Trust 2.0, 6.35%, 09/15/2035(a)
|
|
255,000
|
255,036
|
|
Investment Energy Resources Ltd., 6.25%,
04/26/2029(a)
|
|
290,000
|
292,144
|
|
Mobiliare Latam S.A. / Mobiliare Latam Mexico
S.A. de CV, 6.75%, 11/10/2032(a)
|
|
200,000
|
198,255
|
|
|
|
|
1,488,714
|
|
Hong Kong-1.46%
|
|||
|
China CITIC Bank International Ltd.
|
|
|
|
|
3.25%(a)(d)(e)
|
|
270,000
|
269,204
|
|
4.80%(a)(d)(e)
|
|
270,000
|
272,304
|
|
Melco Resorts Finance Ltd.
|
|
|
|
|
5.63%, 07/17/2027(a)
|
|
270,000
|
270,297
|
|
5.75%, 07/21/2028(a)
|
|
380,000
|
380,303
|
|
5.38%, 12/04/2029(a)
|
|
490,000
|
485,386
|
|
7.63%, 04/17/2032(a)
|
|
450,000
|
472,266
|
|
6.50%, 09/24/2033(a)
|
|
200,000
|
199,707
|
|
Nanyang Commercial Bank Ltd., 6.50%(a)(d)(e)
|
|
290,000
|
297,486
|
|
Seaspan Corp., 5.50%, 08/01/2029(a)
|
|
287,000
|
273,214
|
|
|
|
|
2,920,167
|
|
Hungary-0.34%
|
|||
|
OTP Bank Nyrt.
|
|
|
|
|
8.75%, 05/15/2033(a)(d)
|
|
240,000
|
256,127
|
|
7.30%, 07/30/2035(a)(d)
|
|
400,000
|
421,490
|
|
|
|
|
677,617
|
|
|
Principal
Amount
|
Value
|
|
|
India-3.31%
|
|||
|
Biocon Biologics Global PLC, 6.67%,
10/09/2029(a)
|
$
|
370,000
|
$375,960
|
|
Continuum Green Energy India Pvt./Co-
Issuers, 7.50%, 06/26/2033(a)
|
|
206,965
|
217,076
|
|
Delhi International Airport Ltd.
|
|
|
|
|
6.13%, 10/31/2026(a)
|
|
200,000
|
201,663
|
|
6.45%, 06/04/2029(a)
|
|
220,000
|
229,985
|
|
Diamond II Ltd., 7.95%, 07/28/2026(a)
|
|
200,000
|
200,163
|
|
Greenko Power II Ltd., 4.30%, 12/13/2028(a)
|
|
304,000
|
291,441
|
|
Greenko Wind Projects (Mauritius) Ltd.,
7.25%, 09/27/2028(a)
|
|
400,000
|
409,183
|
|
IRB Infrastructure Developers Ltd., 7.11%,
03/11/2032(a)
|
|
400,000
|
418,035
|
|
JSW Steel Ltd.
|
|
|
|
|
3.95%, 04/05/2027(a)
|
|
206,000
|
204,575
|
|
5.05%, 04/05/2032(a)
|
|
220,000
|
219,751
|
|
Muthoot Finance Ltd.
|
|
|
|
|
7.13%, 02/14/2028(a)
|
|
260,000
|
266,464
|
|
6.38%, 04/23/2029(a)
|
|
250,000
|
255,971
|
|
6.38%, 03/02/2030(a)
|
|
315,000
|
323,359
|
|
Periama Holdings LLC, 5.95%, 04/19/2026(a)
|
|
340,000
|
341,094
|
|
ReNew Wind Energy AP2/ReNew Power Pvt
Ltd. other 9 Subsidiaries, 4.50%,
07/14/2028(a)
|
|
260,000
|
251,382
|
|
Shriram Finance Ltd.
|
|
|
|
|
6.63%, 04/22/2027(a)
|
|
400,000
|
408,956
|
|
6.15%, 04/03/2028(a)
|
|
200,000
|
206,096
|
|
UPL Corp. Ltd., 4.63%, 06/16/2030(a)
|
|
200,000
|
191,166
|
|
Vedanta Resources Finance II PLC
|
|
|
|
|
10.88%, 09/17/2029(a)
|
|
500,000
|
535,879
|
|
9.48%, 07/24/2030(a)
|
|
200,000
|
211,133
|
|
11.25%, 12/03/2031(a)
|
|
200,000
|
221,817
|
|
9.13%, 10/15/2032(a)
|
|
200,000
|
209,657
|
|
9.85%, 04/24/2033(a)
|
|
400,000
|
431,431
|
|
|
|
|
6,622,237
|
|
Indonesia-0.22%
|
|||
|
Nickel Industries Ltd., 9.00%, 09/30/2030(a)
|
|
426,000
|
447,581
|
|
Israel-2.58%
|
|||
|
Energean Israel Finance Ltd.
|
|
|
|
|
5.38%, 03/30/2028(a)
|
|
220,000
|
217,951
|
|
5.88%, 03/30/2031(a)(b)
|
|
320,000
|
311,254
|
|
8.50%, 09/30/2033(a)(b)
|
|
380,000
|
407,503
|
|
Leviathan Bond Ltd.
|
|
|
|
|
6.50%, 06/30/2027(a)
|
|
210,000
|
212,329
|
|
6.75%, 06/30/2030(a)
|
|
299,000
|
307,036
|
|
Teva Pharmaceutical Finance Co. LLC, 6.15%,
02/01/2036
|
|
320,000
|
336,917
|
|
Teva Pharmaceutical Finance Netherlands III
B.V.
|
|
|
|
|
3.15%, 10/01/2026(b)
|
|
745,000
|
739,457
|
|
4.75%, 05/09/2027
|
|
285,000
|
285,218
|
|
6.75%, 03/01/2028
|
|
520,000
|
540,301
|
|
5.13%, 05/09/2029(b)
|
|
420,000
|
424,263
|
|
8.13%, 09/15/2031
|
|
188,000
|
215,898
|
|
4.10%, 10/01/2046
|
|
871,000
|
667,010
|
|
Teva Pharmaceutical Finance Netherlands IV
B.V., 5.75%, 12/01/2030
|
|
280,000
|
290,129
|
|
Teva Pharmaceuticals Finance Netherlands
B.V., 6.00%, 12/01/2032
|
|
200,000
|
209,507
|
|
|
|
|
5,164,773
|
|
|
Principal
Amount
|
Value
|
|
|
Italy-0.94%
|
|||
|
Efesto Bidco S.p.A. Efesto US LLC, Series XR,
7.50%, 02/15/2032(a)
|
$
|
410,000
|
$419,219
|
|
FiberCop S.p.A.
|
|
|
|
|
6.38%, 11/15/2033(a)
|
|
200,000
|
203,052
|
|
6.00%, 09/30/2034(a)
|
|
200,000
|
195,218
|
|
7.20%, 07/18/2036(a)
|
|
200,000
|
202,864
|
|
7.72%, 06/04/2038(a)
|
|
200,000
|
205,919
|
|
Kedrion S.p.A., 6.50%, 09/01/2029(a)
|
|
400,000
|
395,128
|
|
Telecom Italia Capital S.A., 7.20%,
07/18/2036(b)
|
|
236,000
|
256,094
|
|
|
|
|
1,877,494
|
|
Ivory Coast-0.10%
|
|||
|
Endeavour Mining PLC, 7.00%,
05/28/2030(a)
|
|
200,000
|
206,725
|
|
Jamaica-0.44%
|
|||
|
Digicel International Finance Ltd./Difl US LLC,
8.63%, 08/01/2032(a)
|
|
840,000
|
873,929
|
|
Japan-5.59%
|
|||
|
Kioxia Holdings Corp.
|
|
|
|
|
6.25%, 07/24/2030(a)
|
|
467,000
|
482,860
|
|
6.63%, 07/24/2033(a)
|
|
467,000
|
488,065
|
|
Nissan Motor Co. Ltd.
|
|
|
|
|
4.35%, 09/17/2027(a)
|
|
1,070,000
|
1,059,312
|
|
7.50%, 07/17/2030(a)
|
|
400,000
|
420,349
|
|
4.81%, 09/17/2030(a)(b)
|
|
1,070,000
|
1,011,091
|
|
7.75%, 07/17/2032(a)(b)
|
|
280,000
|
295,758
|
|
8.13%, 07/17/2035(a)
|
|
530,000
|
566,476
|
|
Rakuten Group, Inc.
|
|
|
|
|
11.25%, 02/15/2027(a)
|
|
750,000
|
799,618
|
|
9.75%, 04/15/2029(a)(b)
|
|
875,000
|
981,097
|
|
5.13%(a)(d)(e)
|
|
320,000
|
319,802
|
|
6.25%(a)(d)(e)
|
|
430,000
|
416,129
|
|
8.13%(a)(d)(e)
|
|
200,000
|
207,363
|
|
SoftBank Group Corp.
|
|
|
|
|
4.00%, 07/06/2026(a)
|
|
300,000
|
298,247
|
|
5.13%, 09/19/2027(a)
|
|
550,000
|
546,326
|
|
4.63%, 07/06/2028(a)(b)
|
|
360,000
|
352,475
|
|
6.50%, 04/10/2029(a)
|
|
200,000
|
200,650
|
|
6.88%, 01/10/2031(a)
|
|
200,000
|
199,133
|
|
5.25%, 07/06/2031(a)(b)
|
|
610,000
|
588,354
|
|
7.00%, 07/08/2031(a)
|
|
200,000
|
203,426
|
|
7.25%, 07/10/2032(a)
|
|
250,000
|
251,569
|
|
7.50%, 07/10/2035(a)
|
|
210,000
|
218,309
|
|
7.63%, 04/29/2061(a)(d)
|
|
400,000
|
372,435
|
|
8.25%, 10/29/2065(a)(d)
|
|
370,000
|
344,955
|
|
6.88%(a)(b)(d)(e)
|
|
590,000
|
577,277
|
|
|
|
|
11,201,076
|
|
Jersey-0.20%
|
|||
|
Aston Martin Capital Holdings Ltd., 10.00%,
03/31/2029(a)
|
|
450,000
|
401,976
|
|
Luxembourg-1.30%
|
|||
|
Albion Financing 1 S.a.r.l./Aggreko Holdings,
Inc., 7.00%, 05/21/2030(a)
|
|
580,000
|
604,869
|
|
Altice Financing S.A.
|
|
|
|
|
5.00%, 01/15/2028(a)
|
|
510,000
|
370,723
|
|
5.75%, 08/15/2029(a)
|
|
820,000
|
590,748
|
|
Altice France Lux 3/Altice Holdings 1,
10.00%, 01/15/2033(a)
|
|
394,000
|
381,039
|
|
INEOS Finance PLC, 7.50%, 04/15/2029(a)
|
|
300,000
|
251,521
|
|
|
Principal
Amount
|
Value
|
|
|
Luxembourg-(continued)
|
|||
|
Maxam Prill S.a.r.l., 7.75%, 07/15/2030(a)
|
$
|
210,000
|
$218,897
|
|
SES Americom Inc., 5.30%, 03/25/2044(a)
|
|
222,000
|
178,660
|
|
|
|
|
2,596,457
|
|
Macau-1.83%
|
|||
|
Champion Path Holdings Ltd., 4.85%,
01/27/2028(a)
|
|
220,000
|
214,201
|
|
MGM China Holdings Ltd.
|
|
|
|
|
5.88%, 05/15/2026(a)
|
|
340,000
|
340,275
|
|
4.75%, 02/01/2027(a)
|
|
340,000
|
338,780
|
|
7.13%, 06/26/2031(a)
|
|
200,000
|
212,463
|
|
Studio City Finance Ltd.
|
|
|
|
|
6.50%, 01/15/2028(a)
|
|
220,000
|
220,262
|
|
5.00%, 01/15/2029(a)
|
|
483,000
|
468,351
|
|
Wynn Macau Ltd.
|
|
|
|
|
5.50%, 10/01/2027(a)
|
|
318,000
|
318,133
|
|
5.63%, 08/26/2028(a)
|
|
570,000
|
569,345
|
|
5.13%, 12/15/2029(a)(b)
|
|
428,000
|
426,212
|
|
6.75%, 02/15/2034(a)
|
|
550,000
|
557,985
|
|
|
|
|
3,666,007
|
|
Mauritius Island-0.13%
|
|||
|
Axian Telecom Holding and Management Ltd.,
7.25%, 07/11/2030(a)
|
|
250,000
|
253,641
|
|
Mexico-3.62%
|
|||
|
Borr IHC Ltd./Borr Finance LLC
|
|
|
|
|
10.00%, 11/15/2028(a)
|
|
467,317
|
480,335
|
|
10.38%, 11/15/2030(a)
|
|
360,437
|
368,953
|
|
CEMEX S.A.B. de C.V.
|
|
|
|
|
5.13%(a)(d)(e)
|
|
450,000
|
449,549
|
|
7.20%(a)(d)(e)
|
|
420,000
|
440,895
|
|
Grupo Aeromexico S.A.B. de C.V., 8.63%,
11/15/2031(a)
|
|
200,000
|
207,000
|
|
Grupo Aeromexico, S.A.B. De C.V., 8.25%,
11/15/2029(a)
|
|
200,000
|
206,000
|
|
Nemak S.A.B. de C.V., 3.63%, 06/28/2031(a)
|
|
220,000
|
191,672
|
|
Petroleos Mexicanos
|
|
|
|
|
6.50%, 03/13/2027
|
|
100,000
|
101,888
|
|
5.35%, 02/12/2028
|
|
50,000
|
50,448
|
|
6.50%, 01/23/2029
|
|
80,000
|
81,594
|
|
8.75%, 06/02/2029
|
|
225,000
|
241,724
|
|
6.84%, 01/23/2030
|
|
260,000
|
266,853
|
|
5.95%, 01/28/2031
|
|
310,000
|
302,615
|
|
6.70%, 02/16/2032
|
|
610,000
|
609,396
|
|
10.00%, 02/07/2033
|
|
160,000
|
186,624
|
|
6.63%, 06/15/2035
|
|
245,000
|
233,595
|
|
6.50%, 06/02/2041
|
|
120,000
|
104,706
|
|
5.50%, 06/27/2044
|
|
50,000
|
38,298
|
|
6.38%, 01/23/2045
|
|
94,000
|
76,517
|
|
5.63%, 01/23/2046
|
|
40,000
|
30,319
|
|
6.75%, 09/21/2047
|
|
468,000
|
386,227
|
|
6.35%, 02/12/2048
|
|
120,000
|
95,241
|
|
7.69%, 01/23/2050
|
|
790,000
|
711,277
|
|
6.95%, 01/28/2060
|
|
330,000
|
268,995
|
|
Saavi Energia S.a.r.l., 8.88%, 02/10/2035(a)
|
|
590,000
|
639,501
|
|
Total Play Telecomunicaciones S.A. de C.V.,
11.13%, 12/31/2032(a)
|
|
500,000
|
481,250
|
|
|
|
|
7,251,472
|
|
Moldova-0.10%
|
|||
|
Aragvi Finance International DAC, 11.13%,
11/20/2029(a)
|
|
200,000
|
203,672
|
|
|
Principal
Amount
|
Value
|
|
|
Morocco-0.41%
|
|||
|
OCP S.A.
|
|
|
|
|
3.75%, 06/23/2031(a)
|
$
|
340,000
|
$317,049
|
|
6.88%, 04/25/2044(a)
|
|
220,000
|
227,700
|
|
5.13%, 06/23/2051(a)
|
|
340,000
|
276,228
|
|
|
|
|
820,977
|
|
Netherlands-1.36%
|
|||
|
Sunrise FinCo I B.V., 4.88%, 07/15/2031,
(Acquired 08/25/2023 - 07/31/2025;
Cost $463,080)(a)(b)(f)
|
|
520,000
|
498,672
|
|
Trivium Packaging Finance B.V.
|
|
|
|
|
8.25%, 07/15/2030(a)
|
|
257,000
|
274,395
|
|
12.25%, 01/15/2031(a)
|
|
260,000
|
284,706
|
|
VZ Secured Financing B.V.
|
|
|
|
|
5.00%, 01/15/2032(a)(b)
|
|
671,000
|
606,324
|
|
7.50%, 01/15/2033(a)
|
|
480,000
|
481,794
|
|
Ziggo B.V., 4.88%, 01/15/2030(a)
|
|
416,000
|
393,028
|
|
Ziggo Bond Co. B.V., 5.13%, 02/28/2030(a)
|
|
209,000
|
183,800
|
|
|
|
|
2,722,719
|
|
Nigeria-0.74%
|
|||
|
Access Bank PLC, 6.13%, 09/21/2026(a)(b)
|
|
229,000
|
228,443
|
|
IHS Holding Ltd.
|
|
|
|
|
6.25%, 11/29/2028(a)
|
|
420,000
|
418,616
|
|
7.88%, 05/29/2030(a)
|
|
350,000
|
361,103
|
|
8.25%, 11/29/2031(a)
|
|
200,000
|
209,041
|
|
Seplat Energy PLC, 9.13%, 03/21/2030(a)
|
|
250,000
|
262,949
|
|
|
|
|
1,480,152
|
|
Norway-0.41%
|
|||
|
Odfjell Rig III Ltd., 7.25%, 03/08/2031(a)
|
|
284,000
|
292,602
|
|
Seadrill Finance Ltd., 8.38%, 08/01/2030(a)
|
|
200,000
|
209,681
|
|
TGS ASA, 8.50%, 01/15/2030(a)
|
|
300,000
|
316,685
|
|
|
|
|
818,968
|
|
Oman-1.10%
|
|||
|
AL Jawaher Assets Co. Spc, 4.66%,
10/29/2030(a)
|
|
200,000
|
197,634
|
|
Mazoon Assets Co. SAOC
|
|
|
|
|
5.20%, 11/08/2027(a)
|
|
220,000
|
221,840
|
|
5.50%, 02/14/2029(a)
|
|
200,000
|
204,808
|
|
5.25%, 10/09/2031(a)
|
|
400,000
|
407,124
|
|
OmGrid Funding Ltd., 5.20%, 05/16/2027(a)
|
|
220,000
|
221,277
|
|
OQ SAOC, 5.13%, 05/06/2028(a)
|
|
140,000
|
141,157
|
|
Oryx Funding Ltd., 5.80%, 02/03/2031(a)
|
|
270,000
|
278,176
|
|
OTEL Sukuk Ltd., 5.38%, 01/24/2031(a)
|
|
200,000
|
204,106
|
|
Oztel Holdings SPC Ltd., 6.63%,
04/24/2028(a)
|
|
310,000
|
322,759
|
|
|
|
|
2,198,881
|
|
Pakistan-0.11%
|
|||
|
Pakistan Water & Power Development
Authority, 7.50%, 06/04/2031(a)
|
|
235,000
|
230,234
|
|
Panama-0.81%
|
|||
|
AES Panama Generation Holdings S.R.L.,
4.38%, 05/31/2030(a)
|
|
579,709
|
546,573
|
|
C&W Senior Finance Ltd., 9.00%,
01/15/2033(a)
|
|
250,000
|
260,321
|
|
Empresa de Transmision Electrica S.A.,
5.13%, 05/02/2049(a)
|
|
245,000
|
190,204
|
|
|
Principal
Amount
|
Value
|
|
|
Panama-(continued)
|
|||
|
Sable International Finance Ltd., 7.13%,
10/15/2032(a)
|
$
|
421,000
|
$426,058
|
|
Telecomunicaciones Digitales S.A., 4.50%,
01/30/2030(a)
|
|
220,000
|
209,726
|
|
|
|
|
1,632,882
|
|
Peru-1.02%
|
|||
|
Compania de Minas Buenaventura S.A.A.,
6.80%, 02/04/2032(a)
|
|
250,000
|
260,819
|
|
Minsur S.A., 4.50%, 10/28/2031(a)
|
|
200,000
|
192,339
|
|
Peru LNG S.r.l., 5.38%, 03/22/2030(a)
|
|
315,042
|
307,812
|
|
Petroleos del Peru S.A.
|
|
|
|
|
4.75%, 06/19/2032(a)
|
|
490,000
|
370,332
|
|
5.63%, 06/19/2047(a)
|
|
900,000
|
604,913
|
|
Volcan Compania Minera S.A.A., 8.50%,
10/28/2032(a)
|
|
300,000
|
310,995
|
|
|
|
|
2,047,210
|
|
Poland-0.19%
|
|||
|
Canpack S.A./Canpack US LLC, 3.88%,
11/15/2029(a)
|
|
400,000
|
382,827
|
|
Puerto Rico-0.31%
|
|||
|
LCPR Senior Secured Financing DAC
|
|
|
|
|
6.75%, 10/15/2027(a)
|
|
535,000
|
373,663
|
|
5.13%, 07/15/2029(a)
|
|
370,000
|
247,261
|
|
|
|
|
620,924
|
|
Russia-0.01%
|
|||
|
O1 Properties Finance PLC, 0.50% PIK Rate,
7.75% Cash Rate, 09/27/2028(a)(g)
|
|
500,000
|
19,664
|
|
Saudi Arabia-0.53%
|
|||
|
Arabian Centres Sukuk III Ltd., 9.50%,
03/06/2029(a)
|
|
200,000
|
208,372
|
|
Arabian Centres Sukuk IV Ltd., 8.88%,
12/04/2030(a)
|
|
218,000
|
223,960
|
|
Dar Al-Arkan Sukuk Co. Ltd.
|
|
|
|
|
8.00%, 02/25/2029(a)(b)
|
|
300,000
|
314,569
|
|
7.25%, 07/02/2030(a)
|
|
300,000
|
306,922
|
|
|
|
|
1,053,823
|
|
Serbia-0.15%
|
|||
|
Telecommunications Co. Telekom Srbija AD
Belgrade, 7.00%, 10/28/2029(a)
|
|
300,000
|
301,973
|
|
Singapore-0.10%
|
|||
|
Puma International Financing S.A., 7.75%,
04/25/2029(a)
|
|
200,000
|
207,472
|
|
South Africa-1.59%
|
|||
|
Bidvest Group (UK) PLC (The), 6.20%,
09/17/2032(a)
|
|
210,000
|
214,304
|
|
Eskom Holdings, 8.45%, 08/10/2028(a)
|
|
220,000
|
235,998
|
|
Liquid Telecommunications Financing PLC,
5.50%, 09/04/2026(a)
|
|
280,000
|
268,274
|
|
MTN (Mauritius) Investments Ltd., 6.50%,
10/13/2026(a)
|
|
220,000
|
222,475
|
|
Sasol Financing USA LLC
|
|
|
|
|
4.38%, 09/18/2026
|
|
190,000
|
188,866
|
|
6.50%, 09/27/2028
|
|
300,000
|
300,170
|
|
8.75%, 05/03/2029(a)(b)
|
|
500,000
|
513,925
|
|
5.50%, 03/18/2031
|
|
337,000
|
297,499
|
|
|
Principal
Amount
|
Value
|
|
|
South Africa-(continued)
|
|||
|
Stillwater Mining Co.
|
|
|
|
|
4.00%, 11/16/2026(a)
|
$
|
260,000
|
$258,905
|
|
4.50%, 11/16/2029(a)
|
|
227,000
|
218,636
|
|
Transnet, 8.25%, 02/06/2028(a)
|
|
450,000
|
475,078
|
|
|
|
|
3,194,130
|
|
Spain-0.14%
|
|||
|
Grifols S.A., 4.75%, 10/15/2028(a)
|
|
288,000
|
283,893
|
|
Sweden-0.18%
|
|||
|
Stena International S.A., 7.25%,
01/15/2031(a)
|
|
350,000
|
359,860
|
|
Switzerland-0.59%
|
|||
|
Consolidated Energy Finance S.A.
|
|
|
|
|
5.63%, 10/15/2028(a)
|
|
190,000
|
156,988
|
|
12.00%, 02/15/2031(a)
|
|
250,000
|
210,287
|
|
VistaJet Malta Finance PLC/Vista
Management Holding, Inc.
|
|
|
|
|
7.88%, 05/01/2027(a)
|
|
195,000
|
195,432
|
|
9.50%, 06/01/2028(a)
|
|
200,000
|
208,209
|
|
6.38%, 02/01/2030(a)
|
|
430,000
|
408,337
|
|
|
|
|
1,179,253
|
|
Tanzania-0.18%
|
|||
|
HTA Group Ltd., 7.50%, 06/04/2029(a)
|
|
350,000
|
362,021
|
|
Thailand-0.67%
|
|||
|
Bangkok Bank PCL, 3.73%, 09/25/2034(a)(d)
|
|
540,000
|
515,696
|
|
GC Treasury Center Co. Ltd.
|
|
|
|
|
6.50%(a)(d)(e)
|
|
252,000
|
254,731
|
|
7.13%(a)(d)(e)
|
|
210,000
|
215,672
|
|
Kasikornbank PCL, 3.34%, 10/02/2031(a)(d)
|
|
360,000
|
356,061
|
|
|
|
|
1,342,160
|
|
Togo-0.11%
|
|||
|
Ecobank Transnational, Inc., 10.13%,
10/15/2029(a)
|
|
200,000
|
216,015
|
|
Trinidad-0.23%
|
|||
|
Heritage Petroleum Co. Ltd., 9.00%,
08/12/2029(a)
|
|
220,000
|
226,347
|
|
Trinidad Generation Unlimited, 7.75%,
06/16/2033(a)
|
|
230,000
|
241,047
|
|
|
|
|
467,394
|
|
Turkey-7.19%
|
|||
|
Akbank T.A.S.
|
|
|
|
|
6.80%, 02/06/2026(a)
|
|
200,000
|
200,223
|
|
7.50%, 01/20/2030(a)
|
|
200,000
|
211,370
|
|
6.80%, 06/22/2031(a)(d)
|
|
240,000
|
240,803
|
|
Akbank Turk A.S., 7.88%, 09/04/2035(a)(d)
|
|
200,000
|
205,653
|
|
Anadolu Efes Biracilik ve Malt Sanayii A.S.,
3.38%, 06/29/2028(a)
|
|
220,000
|
206,703
|
|
Aydem Yenilenebilir Enerji A.S., 9.88%,
09/30/2030(a)
|
|
200,000
|
200,892
|
|
Eldorado Gold Corp., 6.25%, 09/01/2029(a)
|
|
195,000
|
196,133
|
|
Eregli Demir ve Celik Fabrikalari T.A.S., 8.38%,
07/23/2029(a)
|
|
525,000
|
555,931
|
|
Ford Otomotiv Sanayi A.S., 7.13%,
04/25/2029(a)
|
|
200,000
|
207,848
|
|
GDZ Elektrik Dagitim AS, 9.00%,
10/15/2029(a)
|
|
200,000
|
200,396
|
|
Limak Cimento Sanayi ve Ticaret A.S., 9.75%,
07/25/2029(a)
|
|
400,000
|
408,463
|
|
|
Principal
Amount
|
Value
|
|
|
Turkey-(continued)
|
|||
|
Limak Yenilenebilir Enerji AS, 9.63%,
08/12/2030(a)
|
$
|
200,000
|
$198,837
|
|
Mersin Uluslararasi Liman Isletmeciligi A.S.,
8.25%, 11/15/2028(a)
|
|
200,000
|
208,696
|
|
Pegasus Hava Tasimaciligi A.S., 8.00%,
09/11/2031(a)
|
|
200,000
|
211,330
|
|
QNB Bank A.S., 7.25%, 05/21/2029(a)
|
|
200,000
|
210,667
|
|
Sisecam UK PLC
|
|
|
|
|
8.25%, 05/02/2029(a)
|
|
400,000
|
412,610
|
|
8.63%, 05/02/2032(a)
|
|
275,000
|
285,060
|
|
T.C. Ziraat Bankasi A.S.
|
|
|
|
|
5.38%, 03/02/2026(a)
|
|
270,000
|
270,292
|
|
9.50%, 08/01/2026(a)
|
|
220,000
|
226,119
|
|
8.00%, 01/16/2029(a)
|
|
200,000
|
212,963
|
|
TT Varlik Kiralama A.S., 6.50%,
10/30/2030(a)
|
|
250,000
|
252,318
|
|
Turk Telekomunikasyon A.S.
|
|
|
|
|
7.38%, 05/20/2029(a)
|
|
200,000
|
208,475
|
|
6.95%, 10/07/2032(a)
|
|
247,000
|
252,241
|
|
Turkcell Iletisim Hizmetleri A.S.
|
|
|
|
|
7.45%, 01/24/2030(a)
|
|
200,000
|
209,835
|
|
7.65%, 01/24/2032(a)
|
|
200,000
|
212,879
|
|
Turkiye Cumhuriyeti Ziraat Bankasi A.S.
|
|
|
|
|
7.25%, 02/04/2030(a)
|
|
400,000
|
415,107
|
|
8.99%, 08/02/2034(a)(d)
|
|
200,000
|
212,591
|
|
Turkiye Garanti Bankasi A.S.
|
|
|
|
|
8.38%, 02/28/2034(a)(d)
|
|
200,000
|
207,921
|
|
8.13%, 01/03/2035(a)(d)
|
|
400,000
|
414,287
|
|
8.13%, 01/08/2036(a)(d)
|
|
200,000
|
206,484
|
|
7.63%, 04/15/2036(a)(d)
|
|
290,000
|
292,692
|
|
Turkiye Ihracat Kredi Bankasi A.S.
|
|
|
|
|
5.75%, 07/06/2026(a)
|
|
340,000
|
342,485
|
|
9.00%, 01/28/2027(a)
|
|
200,000
|
209,643
|
|
7.50%, 02/06/2028(a)
|
|
200,000
|
209,460
|
|
6.88%, 07/03/2028(a)
|
|
200,000
|
207,079
|
|
6.38%, 10/03/2030(a)
|
|
200,000
|
200,903
|
|
Turkiye Is Bankasi A.S.
|
|
|
|
|
7.75%, 06/12/2029(a)
|
|
200,000
|
211,529
|
|
7.38%, 04/02/2036(a)(d)
|
|
200,000
|
199,330
|
|
Turkiye Vakiflar Bankasi T.A.O.
|
|
|
|
|
5.50%, 10/01/2026(a)
|
|
235,000
|
236,997
|
|
9.00%, 10/12/2028(a)
|
|
270,000
|
293,531
|
|
6.88%, 01/07/2030(a)
|
|
200,000
|
204,765
|
|
7.25%, 07/31/2030(a)
|
|
400,000
|
413,132
|
|
8.99%, 10/05/2034(a)(d)
|
|
400,000
|
423,777
|
|
Ulker Biskuvi Sanayi A.S., 7.88%,
07/08/2031(a)
|
|
400,000
|
421,943
|
|
Vestel Elektronik Sanayi ve Ticaret A.S.,
9.75%, 05/15/2029(a)
|
|
200,000
|
150,340
|
|
WE Soda Investments Holding PLC
|
|
|
|
|
9.50%, 10/06/2028(a)
|
|
480,000
|
496,328
|
|
9.38%, 02/14/2031(a)
|
|
250,000
|
259,374
|
|
Yapi Ve Kredi Bankasi A.S.
|
|
|
|
|
9.25%, 10/16/2028(a)
|
|
290,000
|
317,584
|
|
7.13%, 10/10/2029(a)
|
|
150,000
|
155,706
|
|
7.25%, 03/03/2030(a)
|
|
200,000
|
207,369
|
|
9.25%, 01/17/2034(a)(d)
|
|
220,000
|
233,583
|
|
7.55%, 06/11/2036(a)(d)
|
|
327,000
|
326,510
|
|
|
Principal
Amount
|
Value
|
|
|
Turkey-(continued)
|
|||
|
Ziraat Katilim Varlik Kiralama A.S., 9.38%,
11/12/2026(a)
|
$
|
210,000
|
$218,415
|
|
Zorlu Enerji Elektrik Uretim A.S., 11.00%,
04/23/2030(a)
|
|
550,000
|
513,791
|
|
|
|
|
14,409,393
|
|
Ukraine-0.09%
|
|||
|
Ukraine Railways Via Rail Capital Markets PLC,
8.25%, 07/09/2026(a)(g)
|
|
236,403
|
174,941
|
|
United Arab Emirates-1.06%
|
|||
|
Alpha Star Holding IX Ltd., 7.00%,
08/26/2028(a)(b)
|
|
475,000
|
486,565
|
|
Alpha Star Holding VIII Ltd., 8.38%,
04/12/2027(a)
|
|
200,000
|
206,382
|
|
Arada Sukuk 2 Ltd., 8.00%, 06/24/2029(a)
|
|
200,000
|
207,696
|
|
Binghatti Sukuk 2 SPV Ltd.
|
|
|
|
|
7.75%, 07/02/2029(a)
|
|
200,000
|
199,927
|
|
8.13%, 08/07/2030(a)
|
|
200,000
|
202,476
|
|
Binghatti Sukuk SPC Ltd., 9.63%,
02/28/2027(a)
|
|
200,000
|
205,694
|
|
Ittihad International II Ltd., 7.38%,
11/13/2030(a)
|
|
200,000
|
208,671
|
|
MAF Global Securities Ltd., 5.75%(a)(d)(e)
|
|
200,000
|
197,609
|
|
Omniyat Sukuk 1 Ltd., 8.38%, 05/06/2028(a)
|
|
200,000
|
206,244
|
|
|
|
|
2,121,264
|
|
United Kingdom-6.72%
|
|||
|
Allwyn Entertainment Financing (UK) PLC,
7.88%, 04/30/2029(a)(b)
|
|
292,000
|
304,173
|
|
Ardonagh Finco Ltd., 7.75%, 02/15/2031(a)
|
|
550,000
|
568,902
|
|
Ardonagh Group Finance Ltd., 8.88%,
02/15/2032(a)
|
|
700,000
|
722,385
|
|
Belron UK Finance PLC, 5.75%,
10/15/2029(a)
|
|
600,000
|
611,743
|
|
Brightstar Lottery PLC/ Brightstar Global
Solutions Corp., 5.75%, 01/15/2033(a)
|
|
327,000
|
327,324
|
|
British Telecommunications PLC, 4.25%,
11/23/2081(a)(d)
|
|
240,000
|
239,097
|
|
California Buyer Ltd./Atlantica Sustainable
Infrastructure PLC, 6.38%, 02/15/2032(a)
|
|
300,000
|
299,488
|
|
Connect Finco S.a.r.l./Connect US Finco LLC,
9.00%, 09/15/2029(a)
|
|
800,000
|
850,094
|
|
EG Global Finance PLC, 12.00%,
11/30/2028(a)
|
|
400,000
|
433,202
|
|
Froneri Lux Finco S.a.r.l., 6.00%,
08/01/2032(a)(b)
|
|
250,000
|
253,401
|
|
Global Auto Holdings Ltd./AAG FH UK Ltd.
|
|
|
|
|
8.38%, 01/15/2029(a)
|
|
200,000
|
198,914
|
|
11.50%, 08/15/2029(a)
|
|
200,000
|
212,165
|
|
8.75%, 01/15/2032(a)
|
|
300,000
|
289,972
|
|
Howden UK Refinance PLC/Howden UK
Refinance 2 PLC/Howden US Refinance LLC
|
|
|
|
|
7.25%, 02/15/2031(a)
|
|
485,000
|
501,942
|
|
8.13%, 02/15/2032(a)
|
|
200,000
|
204,003
|
|
Ithaca Energy (North Sea) PLC, 8.13%,
10/15/2029(a)(b)
|
|
450,000
|
470,164
|
|
Jaguar Land Rover Automotive PLC
|
|
|
|
|
4.50%, 10/01/2027(a)
|
|
220,000
|
218,083
|
|
5.88%, 01/15/2028(a)
|
|
220,000
|
220,153
|
|
Merlin Entertainments Group U.S. Holdings,
Inc., 7.38%, 02/15/2031(a)
|
|
200,000
|
169,512
|
|
|
Principal
Amount
|
Value
|
|
|
United Kingdom-(continued)
|
|||
|
Panama Infrastructure Receivable Purchaser
PLC, 0.00%, 04/05/2032(a)(h)
|
$
|
550,000
|
$430,078
|
|
Trident Energy Finance PLC, 12.50%,
11/30/2029(a)
|
|
400,000
|
417,297
|
|
Virgin Media Finance PLC, 5.00%,
07/15/2030(a)
|
|
420,000
|
367,349
|
|
Virgin Media Secured Finance PLC
|
|
|
|
|
5.50%, 05/15/2029(a)
|
|
581,000
|
573,352
|
|
4.50%, 08/15/2030(a)
|
|
410,000
|
379,074
|
|
Virgin Media Vendor Financing Notes IV DAC,
5.00%, 07/15/2028(a)
|
|
220,000
|
220,000
|
|
VMED O2 UK Financing I PLC
|
|
|
|
|
4.25%, 01/31/2031(a)
|
|
561,000
|
507,947
|
|
4.75%, 07/15/2031(a)
|
|
580,000
|
530,409
|
|
7.75%, 04/15/2032(a)
|
|
400,000
|
411,858
|
|
6.75%, 01/15/2033(a)
|
|
400,000
|
390,564
|
|
Vodafone Group PLC
|
|
|
|
|
7.00%, 04/04/2079(d)
|
|
921,000
|
971,697
|
|
4.13%, 06/04/2081(d)
|
|
500,000
|
470,718
|
|
5.13%, 06/04/2081(d)
|
|
413,000
|
328,064
|
|
Zegona Finance PLC, 8.63%, 07/15/2029(a)
|
|
350,000
|
370,046
|
|
|
|
|
13,463,170
|
|
United States-3.65%
|
|||
|
Ardagh Group S.A.
|
|
|
|
|
9.50%, 12/01/2030(a)
|
|
945,000
|
1,021,805
|
|
12.00% PIK, 1.00% Cash, 12.00%,
12/01/2030(a)(c)
|
|
300,000
|
284,625
|
|
Avianca Midco 2 PLC
|
|
|
|
|
9.00%, 12/01/2028(a)(b)
|
|
448,000
|
457,520
|
|
9.63%, 02/14/2030(a)
|
|
550,000
|
563,937
|
|
Brightstar Lottery PLC, 5.25%,
01/15/2029(a)
|
|
327,000
|
326,642
|
|
CNG Holdings, Inc., 14.50%, 06/30/2026(a)
|
|
300,000
|
275,250
|
|
Constellium SE, 3.75%, 04/15/2029(a)
|
|
150,000
|
145,278
|
|
Dresdner Funding Trust I, 8.15%,
06/30/2031(a)
|
|
550,000
|
606,713
|
|
EUSHI Finance, Inc., 6.25%, 04/01/2056(d)
|
|
315,000
|
317,081
|
|
Garrett Motion Holdings, Inc./Garrett LX I
S.a.r.l., 7.75%, 05/31/2032(a)
|
|
325,000
|
344,263
|
|
GFL Environmental, Inc.
|
|
|
|
|
4.00%, 08/01/2028(a)
|
|
287,000
|
282,629
|
|
4.75%, 06/15/2029(a)
|
|
310,000
|
308,184
|
|
4.38%, 08/15/2029(a)(b)
|
|
310,000
|
303,917
|
|
6.75%, 01/15/2031(a)
|
|
400,000
|
418,952
|
|
ION Platform Finance US, Inc., 7.88%,
09/30/2032(a)
|
|
617,000
|
541,889
|
|
ION Platform Finance US, Inc./ION Platform
Finance S.a.r.l.
|
|
|
|
|
8.75%, 05/01/2029(a)
|
|
288,000
|
274,798
|
|
9.50%, 05/30/2029(a)
|
|
320,000
|
309,060
|
|
Methanex US Operations, Inc., 6.25%,
03/15/2032(a)
|
|
325,000
|
335,344
|
|
Playtika Holding Corp., 4.25%,
03/15/2029(a)
|
|
231,000
|
200,820
|
|
|
|
|
7,318,707
|
|
Uzbekistan-0.66%
|
|||
|
JSC Uzbekneftegaz, 8.75%, 05/07/2030(a)
|
|
300,000
|
325,031
|
|
Navoi Mining and Metallurgical Combinat
|
|
|
|
|
6.70%, 10/17/2028(a)
|
|
200,000
|
207,541
|
|
|
Principal
Amount
|
Value
|
|
|
Uzbekistan-(continued)
|
|||
|
6.75%, 05/14/2030(a)
|
$
|
200,000
|
$211,073
|
|
6.95%, 10/17/2031(a)
|
|
250,000
|
268,997
|
|
Uzbekneftegaz JSC, 4.75%, 11/16/2028(a)
|
|
310,000
|
302,175
|
|
|
|
|
1,314,817
|
|
Zambia-1.03%
|
|||
|
First Quantum Minerals Ltd.
|
|
|
|
|
8.63%, 06/01/2031(a)
|
|
981,000
|
1,031,719
|
|
8.00%, 03/01/2033(a)
|
|
550,000
|
590,871
|
|
7.25%, 02/15/2034(a)
|
|
420,000
|
441,560
|
|
|
|
|
2,064,150
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $188,703,232)
|
193,952,165
|
||
|
|
Shares
|
|
|
|
Common Stocks & Other Equity Interests-0.12%
|
|||
|
Spain-0.00%
|
|||
|
Codere Online Luxembourg S.A., Wts., expiring
10/15/2034(a)(i)(j)
|
|
10
|
47
|
|
United States-0.12%
|
|||
|
Hornbeck Offshore Services, Inc.(i)(k)
|
|
323
|
16,634
|
|
Hornbeck Offshore Services, Inc., Wts.,
TBA(i)(k)
|
|
3,246
|
167,169
|
|
Hornbeck Offshore Services, Inc., Wts.,
TBA(i)(k)
|
|
2,673
|
47,446
|
|
Premier Brands Group Holdings Co.(i)(l)
|
|
3,222
|
6,446
|
|
TRU Taj LLC/TRU Taj Finance, Inc.(i)
|
|
2,156
|
1,079
|
|
|
|
|
238,774
|
|
Total Common Stocks & Other Equity Interests
(Cost $178,938)
|
238,821
|
||
|
|
Shares
|
Value
|
|
|
Money Market Funds-2.43%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(m)(n)
(Cost $4,865,550)
|
|
4,865,550
|
$4,865,550
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.39%
(Cost $193,747,720)
|
199,056,536
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-6.76%
|
|||
|
Invesco Private Government Fund,
3.65%(m)(n)(o)
|
|
3,764,279
|
3,764,279
|
|
Invesco Private Prime Fund, 3.80%(m)(n)(o)
|
|
9,770,390
|
9,773,321
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $13,537,600)
|
13,537,600
|
||
|
TOTAL INVESTMENTS IN SECURITIES-106.15%
(Cost $207,285,320)
|
212,594,136
|
||
|
OTHER ASSETS LESS LIABILITIES-(6.15)%
|
(12,318,267
)
|
||
|
NET ASSETS-100.00%
|
$200,275,869
|
||
|
Investment Abbreviations:
|
|
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
January 31, 2026 was $170,189,725, which represented 84.98% of the Fund’s Net Assets.
|
|
(b)
|
All or a portion of this security was out on loan at January 31, 2026.
|
|
(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)
|
Restricted security. The value of this security at January 31, 2026 represented less than 1% of the Fund’s Net Assets.
|
|
(g)
|
Defaulted security. Currently, the issuer is in default with respect to principal
and/or interest payments. The aggregate value of these securities at January 31,
2026 was $194,605, which represented less than 1% of the Fund’s Net Assets.
|
|
(h)
|
Denotes a zero coupon security issued at a substantial discount from its value at
maturity.
|
|
(i)
|
Non-income producing security.
|
|
(j)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(k)
|
Acquired as part of the Hornbeck Offshore Services, Inc. reorganization.
|
|
(l)
|
Acquired as part of the Nine West Holding, 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 three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in
Affiliated Money Market
Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
$1,938,406
|
$13,323,731
|
$(10,396,587
)
|
$-
|
$-
|
$4,865,550
|
$19,771
|
|
Investments Purchased
with Cash Collateral
from Securities on
Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
3,704,605
|
5,823,288
|
(5,763,614
)
|
-
|
-
|
3,764,279
|
36,183
*
|
|
Invesco Private Prime
Fund
|
9,632,369
|
14,044,429
|
(13,903,477
)
|
(40
)
|
40
|
9,773,321
|
97,952
*
|
|
Total
|
$15,275,380
|
$33,191,448
|
$(30,063,678
)
|
$(40
)
|
$40
|
$18,403,150
|
$153,906
|
|
*
|
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 January 31, 2026.
|
|
(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-98.47%(a)
|
|||
|
Australia-2.76%
|
|||
|
APA Infrastructure Ltd., 3.50%,
03/22/2030(b)
|
GBP
|
549,000
|
$720,340
|
|
Australia and New Zealand Banking
Group Ltd., 4.95%, 02/05/2029
|
AUD
|
750,000
|
527,231
|
|
BHP Billiton Finance Ltd., Series 12,
4.30%, 09/25/2042
|
GBP
|
850,000
|
983,930
|
|
Commonwealth Bank of Australia,
4.90%, 08/17/2028
|
AUD
|
900,000
|
632,721
|
|
National Australia Bank Ltd.
|
|
|
|
|
2.13%, 05/24/2028(b)
|
EUR
|
300,000
|
353,918
|
|
4.85%, 03/22/2029
|
AUD
|
1,000,000
|
700,816
|
|
3.13%, 02/28/2030(b)
|
EUR
|
400,000
|
481,119
|
|
5.10%, 10/16/2035(b)
|
AUD
|
800,000
|
545,364
|
|
Scentre Group Trust 1, 5.35%,
09/18/2035(b)
|
AUD
|
1,000,000
|
677,663
|
|
Sydney Airport Finance Co. Pty. Ltd.,
4.38%, 05/03/2033(b)
|
EUR
|
200,000
|
251,046
|
|
Westpac Banking Corp.
|
|
|
|
|
5.00%, 01/15/2029
|
AUD
|
800,000
|
563,248
|
|
5.10%, 05/14/2029
|
AUD
|
1,200,000
|
846,444
|
|
4.50%, 10/30/2030(b)
|
AUD
|
1,000,000
|
686,476
|
|
|
|
|
7,970,316
|
|
Belgium-0.13%
|
|||
|
Belfius Bank S.A., 4.13%, 09/12/2029
|
EUR
|
300,000
|
373,143
|
|
Canada-19.25%
|
|||
|
Bank of Montreal
|
|
|
|
|
3.65%, 04/01/2027
|
CAD
|
1,720,000
|
1,281,868
|
|
4.31%, 06/01/2027
|
CAD
|
2,150,000
|
1,616,894
|
|
4.71%, 12/07/2027
|
CAD
|
2,150,000
|
1,635,994
|
|
3.19%, 03/01/2028
|
CAD
|
2,250,000
|
1,669,850
|
|
5.04%, 05/29/2028
|
CAD
|
1,700,000
|
1,310,274
|
|
4.54%, 12/18/2028
|
CAD
|
1,700,000
|
1,302,051
|
|
4.42%, 07/17/2029
|
CAD
|
1,800,000
|
1,378,349
|
|
Bank of Nova Scotia (The)
|
|
|
|
|
4.68%, 02/01/2029
|
CAD
|
1,800,000
|
1,386,391
|
|
3.50%, 04/17/2029(b)
|
EUR
|
300,000
|
365,938
|
|
Bell Canada
|
|
|
|
|
3.80%, 08/21/2028
|
CAD
|
1,050,000
|
786,234
|
|
4.55%, 02/09/2030
|
CAD
|
900,000
|
690,245
|
|
2.50%, 05/14/2030
|
CAD
|
850,000
|
606,955
|
|
3.00%, 03/17/2031
|
CAD
|
850,000
|
605,881
|
|
5.85%, 11/10/2032
|
CAD
|
1,050,000
|
857,307
|
|
5.15%, 08/24/2034
|
CAD
|
900,000
|
704,149
|
|
Brookfield Finance II, Inc., 5.43%,
12/14/2032(b)
|
CAD
|
850,000
|
677,119
|
|
Canadian Imperial Bank of Commerce
|
|
|
|
|
4.95%, 06/29/2027
|
CAD
|
1,850,000
|
1,403,713
|
|
5.05%, 10/07/2027
|
CAD
|
1,500,000
|
1,144,792
|
|
5.50%, 01/14/2028
|
CAD
|
1,100,000
|
849,262
|
|
CDP Financial, Inc.
|
|
|
|
|
3.00%, 04/11/2029(b)
|
EUR
|
400,000
|
483,347
|
|
4.10%, 06/13/2030(b)
|
AUD
|
1,400,000
|
952,946
|
|
2.75%, 02/13/2032(b)
|
EUR
|
250,000
|
295,299
|
|
3.25%, 09/30/2035(b)
|
EUR
|
250,000
|
297,096
|
|
Cenovus Energy, Inc., 3.50%,
02/07/2028
|
CAD
|
1,250,000
|
928,165
|
|
CI Financial Corp., 4.63%,
12/12/2031(b)
|
EUR
|
200,000
|
243,611
|
|
|
Principal
Amount
|
Value
|
|
|
Canada-(continued)
|
|||
|
Coastal Gaslink Pipeline L.P.
|
|
|
|
|
Series J, 5.86%, 03/30/2049
|
CAD
|
850,000
|
$702,120
|
|
Series K, 5.86%, 06/30/2049
|
CAD
|
850,000
|
702,578
|
|
Federation des caisses Desjardins du
Quebec
|
|
|
|
|
4.41%, 05/19/2027
|
CAD
|
900,000
|
677,963
|
|
5.47%, 11/17/2028
|
CAD
|
1,100,000
|
861,154
|
|
3.80%, 09/24/2029
|
CAD
|
1,100,000
|
825,599
|
|
First Nations Finance Authority, 1.71%,
06/16/2030
|
CAD
|
900,000
|
627,863
|
|
Hydro One, Inc.
|
|
|
|
|
4.25%, 01/04/2035
|
CAD
|
930,000
|
700,548
|
|
Series 64, 3.90%, 11/21/2033
|
CAD
|
1,100,000
|
815,258
|
|
National Bank of Canada
|
|
|
|
|
5.22%, 06/14/2028
|
CAD
|
1,500,000
|
1,162,980
|
|
5.02%, 02/01/2029
|
CAD
|
1,350,000
|
1,048,786
|
|
OMERS Finance Trust, 3.25%,
01/28/2035(b)
|
EUR
|
250,000
|
298,173
|
|
Ontario Teachers’ Finance Trust
|
|
|
|
|
2.85%, 12/04/2031(b)
|
EUR
|
200,000
|
238,006
|
|
1.85%, 05/03/2032(b)
|
EUR
|
400,000
|
446,376
|
|
0.90%, 05/20/2041(b)
|
EUR
|
400,000
|
319,952
|
|
Original Wempi, Inc., 7.79%,
10/04/2027
|
CAD
|
500,000
|
392,265
|
|
Rogers Communications, Inc.
|
|
|
|
|
3.65%, 03/31/2027
|
CAD
|
1,400,000
|
1,041,365
|
|
4.25%, 04/15/2032
|
CAD
|
850,000
|
639,356
|
|
6.75%, 11/09/2039
|
CAD
|
1,220,000
|
1,060,535
|
|
Royal Bank of Canada
|
|
|
|
|
4.61%, 07/26/2027
|
CAD
|
1,700,000
|
1,288,066
|
|
4.64%, 01/17/2028
|
CAD
|
1,700,000
|
1,295,849
|
|
4.63%, 05/01/2028
|
CAD
|
2,150,000
|
1,643,472
|
|
2.13%, 04/26/2029(b)
|
EUR
|
300,000
|
350,567
|
|
5.23%, 06/24/2030
|
CAD
|
1,200,000
|
952,725
|
|
TELUS Corp.
|
|
|
|
|
5.25%, 11/15/2032
|
CAD
|
1,000,000
|
791,471
|
|
Series CY, 3.30%, 05/02/2029
|
CAD
|
850,000
|
628,165
|
|
Toronto-Dominion Bank (The)
|
|
|
|
|
4.21%, 06/01/2027
|
CAD
|
2,400,000
|
1,804,497
|
|
5.38%, 10/21/2027
|
CAD
|
1,750,000
|
1,345,632
|
|
4.48%, 01/18/2028
|
CAD
|
1,800,000
|
1,367,330
|
|
5.49%, 09/08/2028
|
CAD
|
1,300,000
|
1,016,460
|
|
4.68%, 01/08/2029
|
CAD
|
2,150,000
|
1,653,141
|
|
3.63%, 12/13/2029(b)
|
EUR
|
350,000
|
427,312
|
|
1.95%, 04/08/2030(b)
|
EUR
|
373,000
|
425,882
|
|
3.56%, 04/16/2031(b)
|
EUR
|
300,000
|
363,462
|
|
3.13%, 08/03/2032(b)
|
EUR
|
300,000
|
352,751
|
|
3.36%, 09/22/2032(b)
|
EUR
|
300,000
|
355,953
|
|
TransCanada PipeLines Ltd.
|
|
|
|
|
3.80%, 04/05/2027
|
CAD
|
1,750,000
|
1,302,559
|
|
5.28%, 07/15/2030(b)
|
CAD
|
1,050,000
|
828,516
|
|
4.58%, 02/20/2035
|
CAD
|
900,000
|
677,863
|
|
4.34%, 10/15/2049(b)
|
CAD
|
900,000
|
591,980
|
|
|
|
|
55,498,260
|
|
Denmark-2.15%
|
|||
|
Carlsberg Breweries A/S
|
|
|
|
|
3.00%, 08/28/2029(b)
|
EUR
|
250,000
|
299,717
|
|
3.25%, 02/28/2032(b)
|
EUR
|
300,000
|
357,824
|
|
3.50%, 02/28/2035(b)
|
EUR
|
350,000
|
412,182
|
|
5.50%, 02/28/2039(b)
|
GBP
|
400,000
|
542,469
|
|
|
Principal
Amount
|
Value
|
|
|
Denmark-(continued)
|
|||
|
DSV Finance B.V.
|
|
|
|
|
3.13%, 11/06/2028(b)
|
EUR
|
300,000
|
$361,554
|
|
3.25%, 11/06/2030(b)
|
EUR
|
400,000
|
481,445
|
|
Novo Nordisk Finance (Netherlands)
B.V.
|
|
|
|
|
3.13%, 01/21/2029(b)
|
EUR
|
200,000
|
242,139
|
|
2.88%, 08/27/2030(b)
|
EUR
|
300,000
|
358,341
|
|
3.25%, 01/21/2031(b)
|
EUR
|
300,000
|
363,379
|
|
3.38%, 05/21/2034(b)
|
EUR
|
300,000
|
357,612
|
|
3.63%, 05/27/2037(b)
|
EUR
|
300,000
|
355,509
|
|
Orsted A/S
|
|
|
|
|
4.88%, 01/12/2032(b)
|
GBP
|
700,000
|
938,926
|
|
5.75%, 04/09/2040(b)
|
GBP
|
388,000
|
504,602
|
|
5.38%, 09/13/2042(b)
|
GBP
|
500,000
|
611,975
|
|
|
|
|
6,187,674
|
|
Finland-0.58%
|
|||
|
Nordea Bank Abp
|
|
|
|
|
0.50%, 11/02/2028(b)
|
EUR
|
300,000
|
337,273
|
|
2.50%, 05/23/2029(b)
|
EUR
|
200,000
|
237,050
|
|
3.38%, 06/11/2029(b)
|
EUR
|
300,000
|
365,921
|
|
2.75%, 05/02/2030(b)
|
EUR
|
300,000
|
356,386
|
|
3.63%, 03/15/2034(b)
|
EUR
|
300,000
|
362,641
|
|
|
|
|
1,659,271
|
|
France-22.96%
|
|||
|
Abertis France SAS, 1.48%,
01/18/2031(b)
|
EUR
|
200,000
|
219,810
|
|
Action Logement Services
|
|
|
|
|
0.38%, 10/05/2031(b)
|
EUR
|
200,000
|
205,458
|
|
1.38%, 04/13/2032(b)
|
EUR
|
500,000
|
536,879
|
|
0.50%, 10/30/2034(b)
|
EUR
|
400,000
|
371,083
|
|
3.75%, 11/25/2035(b)
|
EUR
|
100,000
|
119,608
|
|
4.13%, 10/03/2038(b)
|
EUR
|
300,000
|
363,490
|
|
0.75%, 07/19/2041(b)(c)
|
EUR
|
300,000
|
221,297
|
|
3.63%, 05/25/2043(b)
|
EUR
|
300,000
|
329,636
|
|
Aeroports de Paris S.A., 2.75%,
04/02/2030(b)
|
EUR
|
400,000
|
473,831
|
|
Airbus SE
|
|
|
|
|
1.63%, 06/09/2030(b)
|
EUR
|
300,000
|
340,794
|
|
2.38%, 04/07/2032(b)
|
EUR
|
300,000
|
346,819
|
|
2.38%, 06/09/2040(b)
|
EUR
|
300,000
|
300,327
|
|
Autoroutes du Sud de la France S.A.
|
|
|
|
|
1.38%, 01/22/2030(b)
|
EUR
|
300,000
|
339,234
|
|
1.38%, 02/21/2031(b)
|
EUR
|
300,000
|
330,721
|
|
Ayvens S.A.
|
|
|
|
|
3.88%, 01/24/2028(b)
|
EUR
|
300,000
|
366,343
|
|
4.88%, 10/06/2028(b)
|
EUR
|
200,000
|
251,672
|
|
Banque Federative du Credit Mutuel
|
|
|
|
|
3.00%, 05/07/2030(b)
|
EUR
|
200,000
|
238,477
|
|
3.13%, 03/11/2031(b)
|
EUR
|
100,000
|
118,894
|
|
3.63%, 03/07/2035(b)
|
EUR
|
300,000
|
354,607
|
|
Banque Federative du Credit Mutuel S.A.
|
|
|
|
|
3.88%, 01/26/2028(b)
|
EUR
|
300,000
|
366,081
|
|
5.38%, 05/25/2028(b)
|
GBP
|
500,000
|
701,762
|
|
0.25%, 07/19/2028(b)
|
EUR
|
300,000
|
336,974
|
|
0.63%, 11/03/2028(b)
|
EUR
|
400,000
|
449,737
|
|
4.13%, 03/13/2029(b)
|
EUR
|
400,000
|
495,089
|
|
1.75%, 03/15/2029(b)
|
EUR
|
300,000
|
345,457
|
|
1.88%, 06/18/2029(b)
|
EUR
|
300,000
|
344,095
|
|
5.00%, 10/22/2029(b)
|
GBP
|
500,000
|
697,269
|
|
2.63%, 11/06/2029(b)
|
EUR
|
300,000
|
352,670
|
|
|
Principal
Amount
|
Value
|
|
|
France-(continued)
|
|||
|
0.75%, 01/17/2030(b)
|
EUR
|
300,000
|
$327,683
|
|
4.38%, 05/02/2030(b)
|
EUR
|
300,000
|
374,612
|
|
1.25%, 06/03/2030(b)
|
EUR
|
200,000
|
220,730
|
|
0.63%, 02/21/2031(b)
|
EUR
|
400,000
|
419,514
|
|
3.25%, 10/17/2031(b)
|
EUR
|
300,000
|
357,385
|
|
4.75%, 11/10/2031(b)
|
EUR
|
300,000
|
382,975
|
|
1.13%, 01/19/2032(b)
|
EUR
|
300,000
|
314,548
|
|
5.13%, 01/13/2033(b)
|
EUR
|
400,000
|
513,585
|
|
3.75%, 02/01/2033(b)
|
EUR
|
400,000
|
486,021
|
|
4.13%, 06/14/2033(b)
|
EUR
|
400,000
|
496,725
|
|
4.38%, 01/11/2034(b)
|
EUR
|
300,000
|
368,045
|
|
3.75%, 02/03/2034(b)
|
EUR
|
300,000
|
362,752
|
|
BNP Paribas S.A.
|
|
|
|
|
1.38%, 05/28/2029(b)
|
EUR
|
400,000
|
453,589
|
|
3.63%, 09/01/2029(b)
|
EUR
|
400,000
|
488,133
|
|
1.63%, 07/02/2031(b)
|
EUR
|
400,000
|
435,278
|
|
1.25%, 07/13/2031(b)
|
GBP
|
700,000
|
795,162
|
|
2.10%, 04/07/2032(b)
|
EUR
|
300,000
|
331,628
|
|
5.75%, 06/13/2032(b)
|
GBP
|
800,000
|
1,136,183
|
|
0.63%, 12/03/2032(b)
|
EUR
|
500,000
|
495,658
|
|
4.13%, 05/24/2033(b)
|
EUR
|
400,000
|
500,924
|
|
4.10%, 02/13/2034(b)
|
EUR
|
400,000
|
493,757
|
|
2.00%, 09/13/2036(b)
|
GBP
|
600,000
|
596,290
|
|
Bouygues S.A.
|
|
|
|
|
1.38%, 06/07/2027(b)
|
EUR
|
200,000
|
235,063
|
|
2.25%, 06/29/2029(b)
|
EUR
|
200,000
|
235,215
|
|
0.50%, 02/11/2030(b)
|
EUR
|
300,000
|
327,097
|
|
3.88%, 07/17/2031(b)
|
EUR
|
300,000
|
371,586
|
|
4.63%, 06/07/2032(b)
|
EUR
|
300,000
|
384,789
|
|
3.25%, 06/30/2037(b)(c)
|
EUR
|
300,000
|
342,274
|
|
5.38%, 06/30/2042(b)
|
EUR
|
200,000
|
265,059
|
|
BPCE S.A.
|
|
|
|
|
4.38%, 07/13/2028(b)
|
EUR
|
300,000
|
371,093
|
|
1.00%, 10/05/2028(b)
|
EUR
|
300,000
|
344,022
|
|
3.88%, 01/11/2029(b)
|
EUR
|
200,000
|
245,115
|
|
5.25%, 04/16/2029(b)
|
GBP
|
600,000
|
832,158
|
|
0.25%, 01/14/2031(b)
|
EUR
|
400,000
|
415,604
|
|
0.75%, 03/03/2031(b)
|
EUR
|
300,000
|
315,954
|
|
1.00%, 01/14/2032(b)
|
EUR
|
300,000
|
312,132
|
|
4.00%, 11/29/2032(b)
|
EUR
|
400,000
|
495,977
|
|
4.50%, 01/13/2033(b)
|
EUR
|
300,000
|
377,470
|
|
3.88%, 01/25/2036(b)
|
EUR
|
300,000
|
364,282
|
|
Capgemini SE
|
|
|
|
|
2.00%, 04/15/2029(b)
|
EUR
|
300,000
|
348,644
|
|
3.13%, 09/25/2031(b)
|
EUR
|
300,000
|
353,883
|
|
2.38%, 04/15/2032(b)
|
EUR
|
300,000
|
338,961
|
|
3.50%, 09/25/2034(b)
|
EUR
|
400,000
|
466,776
|
|
Cie de Saint-Gobain S.A.
|
|
|
|
|
3.38%, 04/08/2030(b)
|
EUR
|
300,000
|
363,142
|
|
3.88%, 11/29/2030(b)
|
EUR
|
400,000
|
495,511
|
|
1.88%, 03/15/2031(b)
|
EUR
|
200,000
|
225,670
|
|
3.63%, 04/08/2034(b)
|
EUR
|
300,000
|
360,535
|
|
Cie Generale des Etablissements Michelin
S.C.A., 1.75%, 09/03/2030(b)
|
EUR
|
300,000
|
340,411
|
|
Credit Agricole Assurances S.A.
|
|
|
|
|
2.00%, 07/17/2030(b)
|
EUR
|
300,000
|
339,024
|
|
1.50%, 10/06/2031(b)
|
EUR
|
200,000
|
215,494
|
|
Credit Agricole S.A.
|
|
|
|
|
0.38%, 04/20/2028(b)
|
EUR
|
700,000
|
795,278
|
|
1.13%, 02/24/2029(b)
|
EUR
|
300,000
|
342,433
|
|
1.75%, 03/05/2029(b)
|
EUR
|
800,000
|
923,394
|
|
|
Principal
Amount
|
Value
|
|
|
France-(continued)
|
|||
|
2.00%, 03/25/2029(b)
|
EUR
|
700,000
|
$811,956
|
|
1.00%, 07/03/2029(b)
|
EUR
|
600,000
|
676,469
|
|
2.50%, 08/29/2029(b)
|
EUR
|
500,000
|
591,811
|
|
4.88%, 10/23/2029(b)
|
GBP
|
700,000
|
971,889
|
|
4.13%, 03/07/2030(b)
|
EUR
|
700,000
|
875,232
|
|
3.88%, 04/20/2031(b)
|
EUR
|
900,000
|
1,113,029
|
|
0.88%, 01/14/2032(b)
|
EUR
|
700,000
|
728,664
|
|
3.13%, 02/26/2032(b)
|
EUR
|
300,000
|
356,766
|
|
1.13%, 07/12/2032(b)
|
EUR
|
200,000
|
208,671
|
|
4.00%, 01/18/2033(b)
|
EUR
|
200,000
|
248,419
|
|
4.38%, 11/27/2033(b)
|
EUR
|
400,000
|
502,881
|
|
3.75%, 01/22/2034(b)
|
EUR
|
500,000
|
607,519
|
|
3.50%, 09/26/2034(b)
|
EUR
|
300,000
|
354,450
|
|
3.88%, 11/28/2034(b)
|
EUR
|
400,000
|
489,903
|
|
3.75%, 05/27/2035(b)
|
EUR
|
300,000
|
357,987
|
|
4.13%, 02/26/2036(b)
|
EUR
|
600,000
|
735,736
|
|
Danone S.A., 1.21%, 11/03/2028(b)
|
EUR
|
400,000
|
459,734
|
|
Dassault Systemes SE, 0.38%,
09/16/2029(b)
|
EUR
|
300,000
|
328,700
|
|
ENGIE S.A.
|
|
|
|
|
3.63%, 01/11/2030(b)
|
EUR
|
300,000
|
366,906
|
|
0.50%, 10/24/2030(b)
|
EUR
|
300,000
|
319,184
|
|
4.00%, 01/11/2035(b)
|
EUR
|
300,000
|
368,450
|
|
5.75%, 10/28/2050(b)
|
GBP
|
400,000
|
514,828
|
|
5.63%, 04/03/2053(b)
|
GBP
|
600,000
|
752,705
|
|
5.00%, 10/01/2060(b)
|
GBP
|
1,000,000
|
1,141,581
|
|
EssilorLuxottica S.A.
|
|
|
|
|
2.88%, 03/05/2029(b)
|
EUR
|
300,000
|
359,970
|
|
2.63%, 01/10/2030(b)
|
EUR
|
300,000
|
355,043
|
|
0.75%, 11/27/2031(b)
|
EUR
|
300,000
|
314,708
|
|
Kering S.A.
|
|
|
|
|
3.63%, 09/05/2031(b)
|
EUR
|
200,000
|
243,379
|
|
3.38%, 03/11/2032(b)
|
EUR
|
300,000
|
357,881
|
|
3.88%, 09/05/2035(b)
|
EUR
|
300,000
|
360,691
|
|
La Banque Postale S.A., 4.00%,
05/03/2028(b)
|
EUR
|
200,000
|
245,185
|
|
LOreal S.A.
|
|
|
|
|
2.75%, 11/19/2030(b)
|
EUR
|
200,000
|
238,171
|
|
3.38%, 01/19/2036(b)
|
EUR
|
300,000
|
354,880
|
|
LVMH Moet Hennessy Louis Vuitton
|
|
|
|
|
2.63%, 03/07/2029(b)
|
EUR
|
300,000
|
357,935
|
|
3.25%, 09/07/2029(b)
|
EUR
|
300,000
|
365,068
|
|
LVMH Moet Hennessy Louis Vuitton SE
|
|
|
|
|
0.38%, 02/11/2031(b)
|
EUR
|
300,000
|
317,903
|
|
3.50%, 09/07/2033(b)
|
EUR
|
400,000
|
486,030
|
|
Orange S.A.
|
|
|
|
|
1.38%, 03/20/2028(b)
|
EUR
|
300,000
|
349,093
|
|
2.00%, 01/15/2029(b)
|
EUR
|
300,000
|
351,798
|
|
1.38%, 01/16/2030(b)
|
EUR
|
300,000
|
339,015
|
|
1.88%, 09/12/2030(b)
|
EUR
|
400,000
|
454,597
|
|
3.13%, 11/13/2031(b)
|
EUR
|
300,000
|
357,171
|
|
3.25%, 01/15/2032(b)
|
GBP
|
700,000
|
889,553
|
|
0.50%, 09/04/2032(b)
|
EUR
|
200,000
|
200,765
|
|
8.13%, 01/28/2033
|
EUR
|
350,000
|
540,581
|
|
0.63%, 12/16/2033(b)
|
EUR
|
300,000
|
289,992
|
|
5.63%, 01/23/2034
|
GBP
|
378,000
|
542,457
|
|
3.50%, 11/13/2034(b)
|
EUR
|
400,000
|
473,573
|
|
3.75%, 09/04/2037(b)
|
EUR
|
300,000
|
354,316
|
|
3.75%, 05/13/2038(b)
|
EUR
|
300,000
|
350,752
|
|
5.38%, 11/22/2050(b)
|
GBP
|
500,000
|
626,360
|
|
|
Principal
Amount
|
Value
|
|
|
France-(continued)
|
|||
|
Pernod Ricard S.A., 1.75%,
04/08/2030(b)
|
EUR
|
300,000
|
$341,105
|
|
Schneider Electric SE, 3.62%,
09/02/2037(b)
|
EUR
|
300,000
|
356,976
|
|
Societe Generale S.A.
|
|
|
|
|
2.13%, 09/27/2028(b)
|
EUR
|
400,000
|
470,179
|
|
4.13%, 11/21/2028(b)
|
EUR
|
200,000
|
248,366
|
|
1.75%, 03/22/2029(b)
|
EUR
|
300,000
|
345,035
|
|
2.63%, 05/30/2029(b)
|
EUR
|
300,000
|
358,014
|
|
1.25%, 06/12/2030(b)
|
EUR
|
400,000
|
441,664
|
|
4.25%, 11/16/2032(b)
|
EUR
|
300,000
|
381,036
|
|
5.63%, 06/02/2033(b)
|
EUR
|
200,000
|
264,175
|
|
6.25%, 06/22/2033(b)
|
GBP
|
400,000
|
590,331
|
|
Suez S.A.
|
|
|
|
|
5.00%, 11/03/2032(b)
|
EUR
|
200,000
|
257,629
|
|
2.88%, 05/24/2034(b)
|
EUR
|
300,000
|
335,284
|
|
6.63%, 10/05/2043(b)
|
GBP
|
500,000
|
716,025
|
|
TotalEnergies Capital Canada Ltd.,
2.13%, 09/18/2029(b)
|
EUR
|
400,000
|
465,524
|
|
TotalEnergies Capital International S.A.
|
|
|
|
|
1.38%, 10/04/2029(b)
|
EUR
|
300,000
|
341,118
|
|
3.08%, 07/01/2031(b)
|
EUR
|
200,000
|
238,265
|
|
1.99%, 04/08/2032(b)
|
EUR
|
400,000
|
446,004
|
|
3.16%, 03/03/2033(b)
|
EUR
|
200,000
|
235,841
|
|
3.65%, 07/01/2035(b)
|
EUR
|
300,000
|
356,866
|
|
1.62%, 05/18/2040(b)
|
EUR
|
300,000
|
263,463
|
|
3.85%, 03/03/2045(b)
|
EUR
|
300,000
|
330,347
|
|
Unibail-Rodamco-Westfield SE, 1.38%,
12/04/2031(b)
|
EUR
|
300,000
|
317,999
|
|
Vinci S.A.
|
|
|
|
|
1.63%, 01/18/2029(b)
|
EUR
|
400,000
|
463,642
|
|
1.75%, 09/26/2030(b)
|
EUR
|
300,000
|
341,088
|
|
Westfield America Management Ltd.,
2.63%, 03/30/2029(b)
|
GBP
|
400,000
|
518,462
|
|
|
|
|
66,198,112
|
|
Germany-10.77%
|
|||
|
Allianz Finance II B.V., Series 62,
4.50%, 03/13/2043(b)
|
GBP
|
700,000
|
847,018
|
|
Amprion GmbH, 3.97%, 09/22/2032(b)
|
EUR
|
300,000
|
369,929
|
|
Aroundtown S.A.
|
|
|
|
|
0.38%, 04/15/2027(b)
|
EUR
|
200,000
|
231,787
|
|
3.50%, 05/13/2030(b)
|
EUR
|
300,000
|
356,568
|
|
BASF SE, 1.50%, 03/17/2031(b)
|
EUR
|
300,000
|
333,869
|
|
Bayer AG
|
|
|
|
|
0.38%, 01/12/2029(b)
|
EUR
|
300,000
|
334,288
|
|
1.13%, 01/06/2030(b)
|
EUR
|
400,000
|
444,692
|
|
0.63%, 07/12/2031(b)
|
EUR
|
300,000
|
312,736
|
|
1.38%, 07/06/2032(b)
|
EUR
|
400,000
|
423,951
|
|
4.63%, 05/26/2033(b)
|
EUR
|
400,000
|
511,488
|
|
Bayer Capital Corp. B.V., 2.13%,
12/15/2029(b)
|
EUR
|
400,000
|
463,229
|
|
BMW Finance N.V.
|
|
|
|
|
2.63%, 05/20/2028(b)
|
EUR
|
300,000
|
357,974
|
|
1.50%, 02/06/2029(b)
|
EUR
|
300,000
|
345,943
|
|
BMW International Investment B.V.,
3.13%, 07/22/2029(b)
|
EUR
|
250,000
|
301,463
|
|
BMW US Capital LLC, 3.38%,
02/02/2034(b)
|
EUR
|
335,000
|
396,403
|
|
Deutsche Bahn AG
|
|
|
|
|
1.13%, 12/18/2028(b)
|
EUR
|
300,000
|
344,855
|
|
0.63%, 04/15/2036(b)
|
EUR
|
350,000
|
317,480
|
|
|
Principal
Amount
|
Value
|
|
|
Germany-(continued)
|
|||
|
0.63%, 12/08/2050(b)
|
EUR
|
248,000
|
$137,693
|
|
1.13%, 05/29/2051(b)
|
EUR
|
301,000
|
192,547
|
|
Deutsche Boerse AG, 3.88%,
09/28/2033(b)
|
EUR
|
300,000
|
370,883
|
|
Deutsche Post AG, 3.50%,
03/25/2036(b)
|
EUR
|
300,000
|
358,275
|
|
Deutsche Telekom AG
|
|
|
|
|
1.75%, 03/25/2031(b)
|
EUR
|
300,000
|
338,754
|
|
3.63%, 02/03/2045(b)
|
EUR
|
250,000
|
275,401
|
|
Deutsche Telekom International Finance
B.V., 2.00%, 12/01/2029(b)
|
EUR
|
200,000
|
233,153
|
|
E.ON International Finance B.V.
|
|
|
|
|
1.50%, 07/31/2029(b)
|
EUR
|
250,000
|
285,968
|
|
6.25%, 06/03/2030(b)
|
GBP
|
700,000
|
1,026,299
|
|
6.38%, 06/07/2032
|
GBP
|
832,000
|
1,234,101
|
|
4.75%, 01/31/2034(b)
|
GBP
|
500,000
|
667,708
|
|
5.88%, 10/30/2037(b)
|
GBP
|
750,000
|
1,041,751
|
|
6.75%, 01/27/2039(b)
|
GBP
|
600,000
|
889,720
|
|
6.13%, 07/06/2039(b)
|
GBP
|
900,000
|
1,259,138
|
|
E.ON SE
|
|
|
|
|
3.88%, 01/12/2035(b)
|
EUR
|
266,000
|
326,453
|
|
4.13%, 03/25/2044(b)
|
EUR
|
275,000
|
327,384
|
|
EnBW International Finance B.V.,
3.75%, 11/20/2035(b)
|
EUR
|
306,000
|
367,304
|
|
Eurogrid GmbH, 3.73%, 10/18/2035(b)
|
EUR
|
300,000
|
356,630
|
|
Grand City Properties S.A., 0.13%,
01/11/2028(b)
|
EUR
|
300,000
|
339,844
|
|
Landesbank Hessen-Thueringen
Girozentrale, 3.00%, 03/05/2032(b)
|
EUR
|
300,000
|
355,358
|
|
Mercedes-Benz Group AG
|
|
|
|
|
1.50%, 07/03/2029(b)
|
EUR
|
400,000
|
459,439
|
|
0.75%, 09/10/2030(b)
|
EUR
|
200,000
|
217,273
|
|
1.13%, 11/06/2031(b)
|
EUR
|
300,000
|
321,602
|
|
0.75%, 03/11/2033(b)
|
EUR
|
279,000
|
281,625
|
|
2.13%, 07/03/2037(b)(c)
|
EUR
|
400,000
|
410,738
|
|
Mercedes-Benz International Finance
B.V.
|
|
|
|
|
3.25%, 11/15/2030(b)
|
EUR
|
328,000
|
396,409
|
|
3.70%, 05/30/2031(b)
|
EUR
|
300,000
|
370,605
|
|
Robert Bosch GmbH
|
|
|
|
|
3.63%, 06/02/2030(b)
|
EUR
|
200,000
|
244,895
|
|
4.00%, 06/02/2035(b)
|
EUR
|
300,000
|
366,327
|
|
4.38%, 06/02/2043(b)
|
EUR
|
400,000
|
473,880
|
|
RWE AG, 2.75%, 05/24/2030(b)
|
EUR
|
275,000
|
325,713
|
|
SAP SE, 1.63%, 03/10/2031(b)
|
EUR
|
400,000
|
448,702
|
|
Siemens Financieringsmaatschappij N.V.
|
|
|
|
|
2.63%, 05/27/2029(b)
|
EUR
|
300,000
|
358,274
|
|
3.38%, 08/24/2031(b)
|
EUR
|
400,000
|
487,682
|
|
3.13%, 05/22/2032(b)
|
EUR
|
400,000
|
480,903
|
|
3.00%, 09/08/2033(b)
|
EUR
|
300,000
|
354,252
|
|
0.50%, 09/05/2034(b)
|
EUR
|
200,000
|
192,844
|
|
3.63%, 05/27/2036(b)
|
EUR
|
200,000
|
241,192
|
|
3.38%, 02/22/2037(b)
|
EUR
|
300,000
|
352,051
|
|
3.75%, 09/10/2042(b)
|
GBP
|
600,000
|
662,245
|
|
3.63%, 02/22/2044(b)
|
EUR
|
400,000
|
449,581
|
|
Traton Finance Luxembourg S.A.,
0.75%, 03/24/2029(b)
|
EUR
|
400,000
|
447,091
|
|
Volkswagen Bank GmbH, 3.13%,
12/10/2029(b)
|
EUR
|
100,000
|
119,503
|
|
Volkswagen Financial Services AG
|
|
|
|
|
3.25%, 05/19/2027(b)
|
EUR
|
300,000
|
360,227
|
|
|
Principal
Amount
|
Value
|
|
|
Germany-(continued)
|
|||
|
0.88%, 01/31/2028(b)
|
EUR
|
230,000
|
$264,398
|
|
3.63%, 05/19/2029(b)
|
EUR
|
300,000
|
364,492
|
|
Volkswagen Financial Services N.V.,
2.13%, 01/18/2028(b)
|
GBP
|
500,000
|
656,785
|
|
Volkswagen International Finance N.V.
|
|
|
|
|
1.88%, 03/30/2027(b)
|
EUR
|
600,000
|
709,402
|
|
0.88%, 09/22/2028(b)
|
EUR
|
400,000
|
454,042
|
|
1.63%, 01/16/2030(b)
|
EUR
|
300,000
|
340,676
|
|
3.25%, 11/18/2030(b)
|
EUR
|
200,000
|
239,532
|
|
4.13%, 11/16/2038(b)
|
EUR
|
300,000
|
357,155
|
|
Volkswagen Leasing GmbH, 3.88%,
10/11/2028(b)
|
EUR
|
300,000
|
366,880
|
|
Vonovia SE
|
|
|
|
|
0.25%, 09/01/2028(b)
|
EUR
|
400,000
|
447,454
|
|
0.75%, 09/01/2032(b)
|
EUR
|
300,000
|
299,807
|
|
Wintershall Dea Finance B.V.
|
|
|
|
|
1.33%, 09/25/2028(b)
|
EUR
|
300,000
|
341,010
|
|
1.82%, 09/25/2031(b)
|
EUR
|
300,000
|
321,093
|
|
|
|
|
31,063,816
|
|
Italy-4.68%
|
|||
|
ASTM S.p.A.
|
|
|
|
|
1.50%, 01/25/2030(b)
|
EUR
|
325,000
|
366,056
|
|
2.38%, 11/25/2033(b)
|
EUR
|
300,000
|
322,294
|
|
Autostrade per l’Italia S.p.A.
|
|
|
|
|
2.00%, 12/04/2028(b)
|
EUR
|
300,000
|
350,558
|
|
2.00%, 01/15/2030(b)
|
EUR
|
300,000
|
343,257
|
|
Enel Finance International N.V.
|
|
|
|
|
3.88%, 03/09/2029(b)
|
EUR
|
300,000
|
369,115
|
|
0.88%, 09/28/2034(b)
|
EUR
|
370,000
|
353,247
|
|
3.88%, 01/23/2035(b)
|
EUR
|
200,000
|
242,356
|
|
0.88%, 06/17/2036(b)
|
EUR
|
300,000
|
269,171
|
|
5.75%, 09/14/2040(b)
|
GBP
|
1,250,000
|
1,691,250
|
|
Enel S.p.A., 5.75%, 06/22/2037(b)
|
GBP
|
439,000
|
606,332
|
|
Eni S.p.A.
|
|
|
|
|
4.30%, 02/10/2028(b)
|
EUR
|
200,000
|
245,997
|
|
3.63%, 01/29/2029(b)
|
EUR
|
300,000
|
367,245
|
|
0.63%, 01/23/2030(b)
|
EUR
|
300,000
|
328,116
|
|
2.00%, 05/18/2031(b)
|
EUR
|
350,000
|
397,111
|
|
4.25%, 05/19/2033(b)
|
EUR
|
300,000
|
375,762
|
|
3.88%, 01/15/2034(b)
|
EUR
|
300,000
|
365,824
|
|
Intesa Sanpaolo S.p.A.
|
|
|
|
|
0.75%, 03/16/2028(b)
|
EUR
|
400,000
|
459,452
|
|
1.75%, 07/04/2029(b)
|
EUR
|
223,000
|
256,931
|
|
4.88%, 05/19/2030(b)
|
EUR
|
300,000
|
384,648
|
|
3.63%, 10/16/2030(b)
|
EUR
|
300,000
|
367,315
|
|
5.13%, 08/29/2031(b)
|
EUR
|
400,000
|
522,703
|
|
6.63%, 05/31/2033(b)
|
GBP
|
600,000
|
903,878
|
|
Italgas S.p.A., 3.13%, 02/08/2029(b)
|
EUR
|
300,000
|
361,605
|
|
Snam S.p.A.
|
|
|
|
|
3.25%, 07/01/2032(b)
|
EUR
|
300,000
|
356,810
|
|
3.88%, 02/19/2034(b)
|
EUR
|
300,000
|
365,371
|
|
5.75%, 11/26/2036(b)
|
GBP
|
600,000
|
835,099
|
|
UniCredit S.p.A.
|
|
|
|
|
0.85%, 01/19/2031(b)
|
EUR
|
213,000
|
229,018
|
|
4.00%, 03/05/2034(b)
|
EUR
|
300,000
|
368,614
|
|
4.20%, 06/11/2034(b)
|
EUR
|
300,000
|
369,060
|
|
3.73%, 06/10/2035(b)
|
EUR
|
300,000
|
358,866
|
|
Unipol Assicurazioni S.p.A., 3.25%,
09/23/2030(b)
|
EUR
|
300,000
|
363,701
|
|
|
|
|
13,496,762
|
|
|
Principal
Amount
|
Value
|
|
|
Japan-2.39%
|
|||
|
East Japan Railway Co., 5.56%,
09/04/2054(b)
|
GBP
|
500,000
|
$653,661
|
|
Mizuho Financial Group, Inc., 0.69%,
10/07/2030(b)
|
EUR
|
300,000
|
322,026
|
|
NTT Finance Corp.
|
|
|
|
|
2.91%, 03/16/2029(b)
|
EUR
|
300,000
|
358,323
|
|
0.34%, 03/03/2030(b)
|
EUR
|
300,000
|
322,859
|
|
3.68%, 07/16/2033(b)
|
EUR
|
350,000
|
422,778
|
|
4.09%, 07/16/2037(b)
|
EUR
|
350,000
|
424,415
|
|
Series 17, 0.28%, 12/20/2027
|
JPY
|
200,000,000
|
1,266,076
|
|
Series 18, 0.38%, 09/20/2030
|
JPY
|
300,000,000
|
1,802,451
|
|
Sumitomo Mitsui Financial Group, Inc.,
0.63%, 10/23/2029(b)
|
EUR
|
325,000
|
357,516
|
|
Takeda Pharmaceutical Co. Ltd.
|
|
|
|
|
3.00%, 11/21/2030(b)
|
EUR
|
400,000
|
475,154
|
|
1.38%, 07/09/2032
|
EUR
|
300,000
|
317,832
|
|
2.00%, 07/09/2040
|
EUR
|
200,000
|
182,794
|
|
|
|
|
6,905,885
|
|
Luxembourg-0.12%
|
|||
|
Logicor Financing S.a.r.l., 1.63%,
07/15/2027(b)
|
EUR
|
300,000
|
352,223
|
|
Netherlands-3.18%
|
|||
|
ABN AMRO Bank N.V.
|
|
|
|
|
4.38%, 10/20/2028(b)
|
EUR
|
300,000
|
372,889
|
|
2.75%, 06/04/2029(b)
|
EUR
|
200,000
|
239,412
|
|
0.50%, 09/23/2029(b)
|
EUR
|
400,000
|
437,539
|
|
3.13%, 01/21/2030(b)
|
EUR
|
200,000
|
242,006
|
|
4.25%, 02/21/2030(b)
|
EUR
|
300,000
|
374,457
|
|
4.63%, 11/08/2030(b)
|
GBP
|
600,000
|
820,736
|
|
3.88%, 01/15/2032(b)
|
EUR
|
300,000
|
369,137
|
|
1.00%, 06/02/2033(b)
|
EUR
|
300,000
|
302,151
|
|
1.25%, 01/20/2034(b)
|
EUR
|
300,000
|
302,279
|
|
4.50%, 11/21/2034(b)
|
EUR
|
300,000
|
382,719
|
|
Cooperatieve Rabobank U.A.
|
|
|
|
|
4.63%, 05/23/2029(b)
|
GBP
|
900,000
|
1,235,898
|
|
4.00%, 01/10/2030(b)
|
EUR
|
400,000
|
495,518
|
|
1.13%, 05/07/2031(b)
|
EUR
|
300,000
|
323,516
|
|
3.82%, 07/26/2034(b)
|
EUR
|
300,000
|
365,386
|
|
3.55%, 10/08/2035(b)
|
EUR
|
200,000
|
235,988
|
|
ING Bank N.V., 2.63%, 12/01/2028(b)
|
EUR
|
100,000
|
119,221
|
|
ING Groep N.V.
|
|
|
|
|
1.38%, 01/11/2028(b)
|
EUR
|
300,000
|
349,927
|
|
2.00%, 09/20/2028(b)
|
EUR
|
400,000
|
469,061
|
|
2.50%, 11/15/2030(b)
|
EUR
|
400,000
|
467,481
|
|
Koninklijke KPN N.V., 3.88%,
02/16/2036(b)
|
EUR
|
300,000
|
361,770
|
|
Prosus N.V., 1.29%, 07/13/2029(b)
|
EUR
|
200,000
|
224,337
|
|
TenneT Holding B.V.
|
|
|
|
|
4.50%, 10/28/2034(b)
|
EUR
|
300,000
|
386,054
|
|
0.88%, 06/16/2035(b)
|
EUR
|
300,000
|
293,122
|
|
|
|
|
9,170,604
|
|
New Zealand-0.75%
|
|||
|
ASB Bank Ltd., 4.10%, 09/02/2030(b)
|
NZD
|
1,000,000
|
599,706
|
|
Bank of New Zealand, 5.87%,
09/01/2028(b)
|
NZD
|
850,000
|
539,715
|
|
Westpac New Zealand Ltd.
|
|
|
|
|
4.34%, 09/24/2029
|
NZD
|
900,000
|
548,474
|
|
3.87%, 11/19/2030
|
NZD
|
800,000
|
473,139
|
|
|
|
|
2,161,034
|
|
|
Principal
Amount
|
Value
|
|
|
Norway-2.57%
|
|||
|
Equinor ASA
|
|
|
|
|
6.88%, 03/11/2031(b)
|
GBP
|
700,000
|
$1,062,985
|
|
1.38%, 05/22/2032(b)
|
EUR
|
300,000
|
320,980
|
|
1.63%, 02/17/2035(b)
|
EUR
|
200,000
|
203,430
|
|
Norway Government Bond
|
|
|
|
|
Series 479, 1.75%, 02/17/2027(b)
|
NOK
|
10,000,000
|
1,018,902
|
|
Series 480, 2.00%, 04/26/2028(b)
|
NOK
|
9,770,000
|
977,556
|
|
Series 481, 1.75%, 09/06/2029(b)
|
NOK
|
5,000,000
|
483,483
|
|
Series 482, 1.38%, 08/19/2030(b)
|
NOK
|
5,900,000
|
549,695
|
|
Series 483, 1.25%, 09/17/2031(b)
|
NOK
|
1,350,000
|
121,470
|
|
Series 484, 2.13%, 05/18/2032(b)
|
NOK
|
3,642,000
|
339,740
|
|
Series 486, 3.00%, 08/15/2033(b)
|
NOK
|
4,500,000
|
436,376
|
|
Series 487, 3.63%, 04/13/2034(b)
|
NOK
|
5,000,000
|
503,299
|
|
Series 488, 3.63%, 05/31/2039(b)
|
NOK
|
2,900,000
|
283,722
|
|
Series 489, 3.75%, 06/12/2035(b)
|
NOK
|
5,100,000
|
514,136
|
|
Telenor ASA, 1.13%, 05/31/2029(b)
|
EUR
|
300,000
|
339,204
|
|
Var Energi ASA, 3.88%, 03/12/2031(b)
|
EUR
|
200,000
|
241,571
|
|
|
|
|
7,396,549
|
|
Portugal-0.12%
|
|||
|
EDP Finance B.V., 1.88%,
09/21/2029(b)
|
EUR
|
300,000
|
345,738
|
|
Singapore-0.19%
|
|||
|
Temasek Financial I Ltd., 5.13%,
07/26/2040(b)
|
GBP
|
400,000
|
548,058
|
|
Spain-4.52%
|
|||
|
Abertis Infraestructuras S.A.
|
|
|
|
|
2.38%, 09/27/2027(b)
|
EUR
|
300,000
|
356,984
|
|
3.00%, 03/27/2031(b)
|
EUR
|
200,000
|
237,056
|
|
Banco Bilbao Vizcaya Argentaria S.A.
|
|
|
|
|
4.38%, 10/14/2029(b)
|
EUR
|
300,000
|
378,571
|
|
3.13%, 07/15/2030(b)
|
EUR
|
300,000
|
359,480
|
|
3.50%, 03/26/2031(b)
|
EUR
|
300,000
|
366,119
|
|
3.88%, 01/15/2034(b)(c)
|
EUR
|
400,000
|
494,427
|
|
3.75%, 08/26/2035(b)
|
EUR
|
200,000
|
239,794
|
|
Banco Santander S.A.
|
|
|
|
|
3.88%, 04/22/2029(b)
|
EUR
|
300,000
|
368,702
|
|
5.13%, 01/25/2030(b)
|
GBP
|
400,000
|
561,409
|
|
4.25%, 06/12/2030(b)
|
EUR
|
200,000
|
250,731
|
|
1.63%, 10/22/2030(b)
|
EUR
|
200,000
|
222,830
|
|
5.38%, 01/17/2031(b)
|
GBP
|
600,000
|
851,388
|
|
4.88%, 10/18/2031(b)
|
EUR
|
600,000
|
774,997
|
|
1.00%, 11/04/2031(b)(c)
|
EUR
|
300,000
|
318,268
|
|
3.25%, 05/27/2032(b)
|
EUR
|
300,000
|
357,629
|
|
3.50%, 10/02/2032(b)
|
EUR
|
300,000
|
359,583
|
|
3.75%, 01/09/2034(b)
|
EUR
|
400,000
|
488,014
|
|
3.50%, 02/17/2035(b)
|
EUR
|
300,000
|
354,630
|
|
CaixaBank S.A.
|
|
|
|
|
3.75%, 09/07/2029(b)
|
EUR
|
300,000
|
369,304
|
|
4.25%, 09/06/2030(b)
|
EUR
|
300,000
|
377,441
|
|
4.38%, 11/29/2033(b)
|
EUR
|
200,000
|
255,821
|
|
3.38%, 06/26/2035(b)
|
EUR
|
300,000
|
354,269
|
|
Cellnex Finance Co. S.A.
|
|
|
|
|
1.50%, 06/08/2028(b)
|
EUR
|
400,000
|
463,972
|
|
2.00%, 02/15/2033(b)
|
EUR
|
300,000
|
322,123
|
|
Cellnex Telecom S.A., 1.75%,
10/23/2030(b)
|
EUR
|
300,000
|
335,830
|
|
Iberdrola Finanzas S.A.
|
|
|
|
|
1.38%, 03/11/2032(b)
|
EUR
|
300,000
|
324,522
|
|
5.25%, 10/31/2036(b)
|
GBP
|
400,000
|
547,166
|
|
|
Principal
Amount
|
Value
|
|
|
Spain-(continued)
|
|||
|
Santander Consumer Finance S.A.,
3.75%, 01/17/2029(b)
|
EUR
|
300,000
|
$369,046
|
|
Telefonica Emisiones S.A.
|
|
|
|
|
1.72%, 01/12/2028(b)
|
EUR
|
300,000
|
352,535
|
|
1.79%, 03/12/2029(b)
|
EUR
|
300,000
|
347,989
|
|
0.66%, 02/03/2030(b)
|
EUR
|
300,000
|
327,345
|
|
2.59%, 05/25/2031(b)
|
EUR
|
300,000
|
348,976
|
|
3.70%, 01/24/2032(b)
|
EUR
|
200,000
|
242,951
|
|
3.72%, 01/23/2034(b)
|
EUR
|
300,000
|
355,544
|
|
|
|
|
13,035,446
|
|
Sweden-2.05%
|
|||
|
Skandinaviska Enskilda Banken AB
|
|
|
|
|
0.63%, 11/12/2029(b)
|
EUR
|
200,000
|
219,325
|
|
3.38%, 03/19/2030(b)
|
EUR
|
300,000
|
363,429
|
|
Svenska Handelsbanken AB
|
|
|
|
|
0.05%, 09/06/2028(b)
|
EUR
|
300,000
|
335,631
|
|
1.38%, 02/23/2029(b)
|
EUR
|
230,000
|
263,195
|
|
0.50%, 02/18/2030(b)
|
EUR
|
300,000
|
324,130
|
|
Swedbank AB, 4.13%, 11/13/2028(b)
|
EUR
|
300,000
|
371,982
|
|
Sweden Government Bond
|
|
|
|
|
Series 1056, 2.25%, 06/01/2032(b)
|
SEK
|
1,200,000
|
134,008
|
|
Series 1059, 1.00%, 11/12/2026(b)
|
SEK
|
3,500,000
|
392,462
|
|
Series 1060, 0.75%, 05/12/2028(b)
|
SEK
|
10,400,000
|
1,142,823
|
|
Series 1061, 0.75%, 11/12/2029(b)
|
SEK
|
10,100,000
|
1,082,831
|
|
Series 1062, 0.13%, 05/12/2031(b)
|
SEK
|
2,200,000
|
221,543
|
|
Vattenfall AB, 6.88%, 04/15/2039(b)
|
GBP
|
700,000
|
1,067,379
|
|
|
|
|
5,918,738
|
|
Switzerland-1.41%
|
|||
|
Holcim Finance (Luxembourg) S.A.,
0.50%, 09/03/2030(b)
|
EUR
|
300,000
|
319,890
|
|
Lonza Finance International N.V.,
3.88%, 04/24/2036(b)
|
EUR
|
300,000
|
360,183
|
|
Richemont International Holding S.A.
|
|
|
|
|
1.50%, 03/26/2030(b)
|
EUR
|
400,000
|
451,968
|
|
2.00%, 03/26/2038(b)
|
EUR
|
300,000
|
300,761
|
|
Swisscom Finance B.V.
|
|
|
|
|
3.50%, 11/29/2031(b)
|
EUR
|
400,000
|
487,067
|
|
3.63%, 11/29/2036(b)
|
EUR
|
200,000
|
238,129
|
|
UBS AG, 0.50%, 03/31/2031(b)
|
EUR
|
400,000
|
420,561
|
|
UBS Group AG
|
|
|
|
|
0.65%, 09/10/2029(b)
|
EUR
|
300,000
|
330,142
|
|
0.88%, 11/03/2031(b)
|
EUR
|
400,000
|
419,108
|
|
0.63%, 01/18/2033(b)
|
EUR
|
348,000
|
343,349
|
|
0.63%, 02/24/2033(b)
|
EUR
|
400,000
|
393,718
|
|
|
|
|
4,064,876
|
|
United Kingdom-14.29%
|
|||
|
Anglian Water Services Financing PLC
|
|
|
|
|
6.00%, 06/20/2039(b)
|
GBP
|
503,000
|
673,200
|
|
5.75%, 06/07/2043(b)
|
GBP
|
500,000
|
628,011
|
|
6.25%, 09/12/2044(b)
|
GBP
|
600,000
|
791,746
|
|
B.A.T. International Finance PLC
|
|
|
|
|
2.25%, 01/16/2030(b)
|
EUR
|
400,000
|
461,635
|
|
6.00%, 11/24/2034(b)
|
GBP
|
375,000
|
538,567
|
|
Blend Funding PLC
|
|
|
|
|
5.26%, 06/11/2032(b)
|
GBP
|
550,000
|
772,636
|
|
3.46%, 09/21/2047(b)
|
GBP
|
600,000
|
573,746
|
|
2.92%, 04/05/2054(b)
|
GBP
|
600,000
|
483,293
|
|
|
Principal
Amount
|
Value
|
|
|
United Kingdom-(continued)
|
|||
|
British Telecommunications PLC
|
|
|
|
|
3.13%, 11/21/2031(b)
|
GBP
|
450,000
|
$573,271
|
|
6.38%, 06/23/2037(b)
|
GBP
|
450,000
|
654,769
|
|
Cadent Finance PLC
|
|
|
|
|
2.63%, 09/22/2038(b)
|
GBP
|
600,000
|
586,058
|
|
2.75%, 09/22/2046(b)
|
GBP
|
600,000
|
497,392
|
|
CCEP Finance (Ireland) DAC, 0.88%,
05/06/2033(b)
|
EUR
|
300,000
|
301,649
|
|
Centrica PLC, 4.25%, 09/12/2044(b)
|
GBP
|
500,000
|
539,712
|
|
Clarion Funding PLC, 3.13%,
04/19/2048(b)
|
GBP
|
430,000
|
380,598
|
|
Community Finance Co. 1 PLC, 5.02%,
07/31/2034
|
GBP
|
500,000
|
688,046
|
|
Diageo Finance PLC
|
|
|
|
|
3.13%, 02/28/2031(b)
|
EUR
|
200,000
|
239,018
|
|
2.50%, 03/27/2032(b)
|
EUR
|
300,000
|
344,217
|
|
2.75%, 06/08/2038(b)
|
GBP
|
500,000
|
522,866
|
|
easyJet FinCo B.V., 1.88%,
03/03/2028(b)
|
EUR
|
400,000
|
469,718
|
|
GlaxoSmithKline Capital PLC
|
|
|
|
|
5.25%, 12/19/2033
|
GBP
|
500,000
|
716,054
|
|
1.63%, 05/12/2035(b)
|
GBP
|
700,000
|
721,802
|
|
6.38%, 03/09/2039
|
GBP
|
550,000
|
817,093
|
|
Heathrow Funding Ltd.
|
|
|
|
|
6.45%, 12/10/2031(b)
|
GBP
|
800,000
|
1,182,519
|
|
5.88%, 05/13/2041(b)
|
GBP
|
600,000
|
813,633
|
|
4.63%, 10/31/2046(b)
|
GBP
|
600,000
|
671,677
|
|
High Speed Rail Finance 1 PLC, 4.38%,
11/01/2038(b)
|
GBP
|
550,000
|
704,161
|
|
Housing & Care 21, 3.29%,
11/08/2049(b)
|
GBP
|
500,000
|
454,946
|
|
HSBC Holdings PLC, 7.00%,
04/07/2038(b)
|
GBP
|
600,000
|
897,511
|
|
Imperial Brands Finance Netherlands
B.V.
|
|
|
|
|
5.25%, 02/15/2031(b)
|
EUR
|
300,000
|
386,607
|
|
1.75%, 03/18/2033(b)
|
EUR
|
300,000
|
312,204
|
|
Imperial Brands Finance PLC
|
|
|
|
|
4.88%, 06/07/2032(b)
|
GBP
|
500,000
|
680,673
|
|
3.88%, 02/12/2034(b)
|
EUR
|
200,000
|
236,164
|
|
Lloyds Bank PLC, 6.50%,
09/17/2040(b)
|
GBP
|
760,000
|
1,141,207
|
|
LSEGA Financing PLC, 4.88%,
09/19/2032(b)
|
GBP
|
400,000
|
551,371
|
|
Motability Operations Group PLC
|
|
|
|
|
4.00%, 01/17/2030(b)
|
EUR
|
200,000
|
246,879
|
|
3.88%, 01/24/2034(b)
|
EUR
|
300,000
|
362,167
|
|
4.25%, 06/17/2035(b)
|
EUR
|
300,000
|
368,073
|
|
3.63%, 03/10/2036(b)
|
GBP
|
500,000
|
590,824
|
|
2.38%, 07/03/2039(b)
|
GBP
|
500,000
|
473,235
|
|
2.13%, 01/18/2042(b)
|
GBP
|
500,000
|
418,373
|
|
5.75%, 06/17/2051(b)
|
GBP
|
450,000
|
578,493
|
|
5.63%, 01/24/2054(b)
|
GBP
|
400,000
|
506,451
|
|
National Grid Electricity Distribution
(West Midlands) PLC, 5.75%,
04/16/2032(b)
|
GBP
|
625,000
|
894,294
|
|
National Grid PLC, 4.28%,
01/16/2035(b)
|
EUR
|
200,000
|
248,246
|
|
Nationwide Building Society
|
|
|
|
|
3.00%, 03/03/2030(b)
|
EUR
|
200,000
|
238,886
|
|
3.13%, 08/18/2032(b)
|
EUR
|
300,000
|
353,489
|
|
|
Principal
Amount
|
Value
|
|
|
United Kingdom-(continued)
|
|||
|
NatWest Markets PLC
|
|
|
|
|
5.00%, 11/18/2029(b)
|
GBP
|
500,000
|
$695,333
|
|
3.13%, 01/10/2030(b)
|
EUR
|
300,000
|
360,544
|
|
3.00%, 09/03/2030(b)
|
EUR
|
300,000
|
357,031
|
|
Optivo Finance PLC, 5.25%,
03/13/2043(b)
|
GBP
|
400,000
|
505,611
|
|
Places For People Treasury PLC
|
|
|
|
|
6.25%, 12/06/2041(b)
|
GBP
|
400,000
|
551,939
|
|
5.75%, 05/11/2055(b)
|
GBP
|
400,000
|
497,939
|
|
Reckitt Benckiser Treasury Services
PLC, 1.75%, 05/19/2032(b)
|
GBP
|
500,000
|
582,364
|
|
Rothesay Life PLC
|
|
|
|
|
7.73%, 05/16/2033(b)
|
GBP
|
400,000
|
611,299
|
|
7.02%, 12/10/2034(b)
|
GBP
|
500,000
|
737,235
|
|
Sanctuary Capital PLC, 2.38%,
04/14/2050(b)
|
GBP
|
450,000
|
334,097
|
|
Santander UK PLC, 3.35%,
03/25/2030(b)
|
EUR
|
300,000
|
362,905
|
|
Scottish Hydro Electric Transmission
PLC, 5.50%, 01/15/2044(b)
|
GBP
|
450,000
|
582,284
|
|
Scottish Widows Ltd., 7.00%,
06/16/2043(b)
|
GBP
|
550,000
|
794,805
|
|
Severn Trent Utilities Finance PLC,
4.88%, 01/24/2042(b)
|
GBP
|
500,000
|
603,053
|
|
Standard Chartered PLC
|
|
|
|
|
5.13%, 06/06/2034(b)
|
GBP
|
500,000
|
670,759
|
|
4.38%, 01/18/2038(b)
|
GBP
|
500,000
|
619,805
|
|
T.H.F.C. (Funding No.3) PLC, 5.20%,
10/11/2043(b)
|
GBP
|
900,000
|
1,148,093
|
|
Unilever Finance Netherlands B.V.,
1.75%, 03/25/2030(b)
|
EUR
|
300,000
|
343,620
|
|
University of Oxford, 2.54%,
12/08/2117(b)
|
GBP
|
850,000
|
541,372
|
|
Vodafone Group PLC
|
|
|
|
|
1.63%, 11/24/2030(b)
|
EUR
|
200,000
|
224,624
|
|
6.38%, 07/03/2050(b)
|
GBP
|
400,000
|
556,459
|
|
5.13%, 12/02/2052(b)
|
GBP
|
500,000
|
584,058
|
|
Wellcome Trust Finance PLC, 4.63%,
07/25/2036(b)
|
GBP
|
450,000
|
601,954
|
|
Wellcome Trust Ltd. (The)
|
|
|
|
|
1.50%, 07/14/2071(b)
|
GBP
|
620,000
|
290,940
|
|
2.52%, 02/07/2118(b)
|
GBP
|
700,000
|
440,453
|
|
WPP Finance 2013, 3.63%,
06/09/2031(b)
|
EUR
|
100,000
|
117,791
|
|
Yorkshire Water Finance PLC
|
|
|
|
|
6.38%, 11/18/2034(b)
|
GBP
|
400,000
|
569,833
|
|
2.75%, 04/18/2041(b)
|
GBP
|
700,000
|
626,511
|
|
|
|
|
41,199,891
|
|
United States-3.60%
|
|||
|
BG Energy Capital PLC, 5.00%,
11/04/2036(b)
|
GBP
|
650,000
|
877,072
|
|
BP Capital Markets PLC
|
|
|
|
|
1.23%, 05/08/2031(b)
|
EUR
|
300,000
|
325,144
|
|
2.82%, 04/07/2032(b)
|
EUR
|
400,000
|
465,399
|
|
Medtronic Global Holdings S.C.A.
|
|
|
|
|
0.38%, 10/15/2028
|
EUR
|
300,000
|
337,202
|
|
3.00%, 10/15/2028
|
EUR
|
300,000
|
361,501
|
|
1.63%, 03/07/2031
|
EUR
|
300,000
|
334,049
|
|
3.13%, 10/15/2031
|
EUR
|
200,000
|
239,873
|
|
0.75%, 10/15/2032
|
EUR
|
200,000
|
204,294
|
|
|
Principal
Amount
|
Value
|
|
|
United States-(continued)
|
|||
|
3.38%, 10/15/2034
|
EUR
|
300,000
|
$357,537
|
|
1.50%, 07/02/2039
|
EUR
|
300,000
|
269,547
|
|
1.38%, 10/15/2040
|
EUR
|
200,000
|
169,441
|
|
1.63%, 10/15/2050
|
EUR
|
300,000
|
209,249
|
|
Nestle Finance International Ltd.,
0.38%, 05/12/2032(b)
|
EUR
|
250,000
|
255,891
|
|
Nestle Holdings, Inc., 2.50%,
04/04/2032(b)
|
GBP
|
500,000
|
617,387
|
|
Robert Bosch Finance LLC, 2.75%,
05/28/2028(b)
|
EUR
|
300,000
|
358,333
|
|
Sanofi S.A.
|
|
|
|
|
1.50%, 04/01/2030(b)
|
EUR
|
200,000
|
228,188
|
|
Series 12FX, 1.38%, 03/21/2030(b)
|
EUR
|
500,000
|
567,108
|
|
Series 20FX, 1.88%, 03/21/2038(b)
|
EUR
|
400,000
|
399,334
|
|
Shell International Finance B.V.
|
|
|
|
|
0.50%, 11/08/2031(b)
|
EUR
|
300,000
|
310,861
|
|
1.88%, 04/07/2032(b)
|
EUR
|
300,000
|
333,281
|
|
1.25%, 11/11/2032(b)
|
EUR
|
300,000
|
316,552
|
|
0.88%, 11/08/2039(b)
|
EUR
|
200,000
|
159,468
|
|
1.75%, 09/10/2052(b)
|
GBP
|
400,000
|
251,966
|
|
Stellantis N.V.
|
|
|
|
|
4.50%, 07/07/2028(b)
|
EUR
|
300,000
|
372,080
|
|
0.75%, 01/18/2029(b)
|
EUR
|
400,000
|
448,695
|
|
4.38%, 03/14/2030(b)
|
EUR
|
300,000
|
372,151
|
|
4.25%, 06/16/2031(b)
|
EUR
|
300,000
|
367,545
|
|
2.75%, 04/01/2032(b)
|
EUR
|
300,000
|
336,780
|
|
1.25%, 06/20/2033(b)
|
EUR
|
300,000
|
293,563
|
|
Toyota Motor Credit Corp., 3.63%,
07/15/2031(b)
|
EUR
|
200,000
|
245,283
|
|
|
|
|
10,384,774
|
|
Total Non-U.S. Dollar Denominated Bonds & Notes
(Cost $275,101,456)
|
283,931,170
|
||
|
|
Shares
|
|
|
|
Money Market Funds-0.33%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(d)(e)
(Cost $946,244)
|
|
946,244
|
946,244
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-98.80%
(Cost $276,047,700)
|
284,877,414
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-0.20%
|
|||
|
Invesco Private Government Fund,
3.65%(d)(e)(f)
|
|
161,903
|
161,903
|
|
Invesco Private Prime Fund,
3.80%(d)(e)(f)
|
|
420,561
|
420,687
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $582,590)
|
582,590
|
||
|
TOTAL INVESTMENTS IN SECURITIES-99.00%
(Cost $276,630,290)
|
285,460,004
|
||
|
OTHER ASSETS LESS LIABILITIES-1.00%
|
2,874,353
|
||
|
NET ASSETS-100.00%
|
$288,334,357
|
||
|
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
January 31, 2026 was $220,507,872, which represented 76.48% of the Fund’s Net Assets.
|
|
(c)
|
All or a portion of this security was out on loan at January 31, 2026.
|
|
(d)
|
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 three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
$717,695
|
$5,218,833
|
$(4,990,284
)
|
$-
|
$-
|
$946,244
|
$6,670
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
524,385
|
807,266
|
(1,169,748
)
|
-
|
-
|
161,903
|
3,614
*
|
|
Invesco Private Prime Fund
|
1,359,240
|
2,043,496
|
(2,982,048
)
|
2
|
(3
)
|
420,687
|
9,690
*
|
|
Total
|
$2,601,320
|
$8,069,595
|
$(9,142,080
)
|
$2
|
$(3
)
|
$1,528,834
|
$19,974
|
|
*
|
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.
|
|
(e)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
(f)
|
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
|
$-
|
$67,322,330
|
$-
|
$67,322,330
|
|
Money Market Funds
|
108,823
|
-
|
-
|
108,823
|
|
Total Investments
|
$108,823
|
$67,322,330
|
$-
|
$67,431,153
|
|
Invesco Emerging Markets Sovereign Debt ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Dollar Denominated Bonds & Notes
|
$-
|
$1,268,883,776
|
$-
|
$1,268,883,776
|
|
Money Market Funds
|
4,545,794
|
101,580,143
|
-
|
106,125,937
|
|
Total Investments
|
$4,545,794
|
$1,370,463,919
|
$-
|
$1,375,009,713
|
|
Invesco Global ex-US High Yield Corporate Bond ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Dollar Denominated Bonds & Notes
|
$-
|
$193,952,165
|
$-
|
$193,952,165
|
|
Common Stocks & Other Equity Interests
|
-
|
238,774
|
47
|
238,821
|
|
Money Market Funds
|
4,865,550
|
13,537,600
|
-
|
18,403,150
|
|
Total Investments in Securities
|
4,865,550
|
207,728,539
|
47
|
212,594,136
|
|
Other Investments - Assets
|
|
|
|
|
|
Investments Matured
|
-
|
97,495
|
4,875
|
102,370
|
|
Total Investments
|
$4,865,550
|
$207,826,034
|
$4,922
|
$212,696,506
|
|
Invesco International Corporate Bond ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Non-U.S. Dollar Denominated Bonds & Notes
|
$-
|
$283,931,170
|
$-
|
$283,931,170
|
|
Money Market Funds
|
946,244
|
582,590
|
-
|
1,528,834
|
|
Total Investments
|
$946,244
|
$284,513,760
|
$-
|
$285,460,004
|