|
|
Principal
Amount
|
Value
|
|
|
Non-U.S. Dollar Denominated Bonds & Notes–81.20%(a)
|
|||
|
Argentina–0.37%
|
|||
|
Argentina Treasury Bond,
29.50%, 04/27/2027(b)
|
ARS
|
480,000,000
|
$384,995
|
|
Brazil–0.85%
|
|||
|
Brazil Notas do Tesouro
Nacional, Series B, 6.00%,
08/15/2050
|
BRL
|
1,100,000
|
876,728
|
|
Chile–2.59%
|
|||
|
Bonos de la Tesoreria de la Republica
en pesos,
|
|
|
|
|
5.80%, 10/01/2029(c)
|
CLP
|
1,000,000,000
|
1,205,441
|
|
4.70%, 09/01/2030(c)
|
CLP
|
710,000,000
|
822,062
|
|
Bonos de la Tesoreria General
de la Republica de Chile,
5.00%, 03/01/2035
|
CLP
|
580,000,000
|
665,010
|
|
|
|
|
2,692,513
|
|
China–3.03%
|
|||
|
China Development Bank,
Series 2315, 2.69%,
09/11/2033
|
CNY
|
10,000,000
|
1,516,247
|
|
China Government Bond,
|
|
|
|
|
1.67%, 05/25/2035
|
CNY
|
8,000,000
|
1,140,464
|
|
2.15%, 08/25/2055
|
CNY
|
3,500,000
|
491,375
|
|
|
|
|
3,148,086
|
|
Colombia–7.07%
|
|||
|
Colombian TES,
|
|
|
|
|
11.75%, 01/24/2035
|
COP
|
600,000,000
|
156,394
|
|
Series B, 11.00%,
08/22/2029
|
COP
|
7,000,000,000
|
1,803,337
|
|
Series B, 7.75%,
09/18/2030
|
COP
|
3,000,000,000
|
670,852
|
|
Series B, 7.00%,
03/26/2031
|
COP
|
16,000,000,000
|
3,419,053
|
|
Series B, 13.25%,
02/09/2033
|
COP
|
3,300,000,000
|
913,528
|
|
PA Autopista Rio Magdalena,
6.05%, 06/15/2036(c)
|
COP
|
1,587,796,818
|
379,030
|
|
|
|
|
7,342,194
|
|
Czech Republic–3.91%
|
|||
|
Czech Republic Government Bond,
|
|
|
|
|
Series 105, 2.75%,
07/23/2029
|
CZK
|
25,000,000
|
1,187,520
|
|
Series 125, 1.50%,
04/24/2040
|
CZK
|
47,000,000
|
1,543,736
|
|
Series 154, 4.50%,
11/11/2032
|
CZK
|
13,000,000
|
649,578
|
|
Series 157, 3.60%,
06/03/2036
|
CZK
|
15,000,000
|
681,026
|
|
|
|
|
4,061,860
|
|
|
Principal
Amount
|
Value
|
|
|
Egypt–0.74%
|
|||
|
Egypt Government Bond,
|
|
|
|
|
25.32%, 08/13/2027
|
EGP
|
28,400,000
|
$623,552
|
|
24.46%, 10/01/2027
|
EGP
|
6,600,000
|
144,005
|
|
|
|
|
767,557
|
|
Hungary–3.64%
|
|||
|
Hungary Government Bond,
|
|
|
|
|
3.25%, 10/22/2031
|
HUF
|
90,000,000
|
240,361
|
|
7.00%, 10/24/2035
|
HUF
|
100,000,000
|
320,741
|
|
Class B, 4.50%,
03/23/2028
|
HUF
|
333,000,000
|
1,003,238
|
|
Series 28-A, 6.75%,
10/22/2028
|
HUF
|
700,000,000
|
2,210,514
|
|
|
|
|
3,774,854
|
|
India–4.16%
|
|||
|
India Government Bond,
|
|
|
|
|
7.36%, 09/12/2052
|
INR
|
113,000,000
|
1,227,498
|
|
7.30%, 06/19/2053
|
INR
|
286,000,000
|
3,084,273
|
|
|
|
|
4,311,771
|
|
Indonesia–9.62%
|
|||
|
Indonesia Treasury Bond,
|
|
|
|
|
Series 104, 6.50%,
07/15/2030
|
IDR
|
29,400,000,000
|
1,800,608
|
|
Series 108, 6.50%,
04/15/2036
|
IDR
|
22,000,000,000
|
1,327,471
|
|
Series FR82, 7.00%,
09/15/2030
|
IDR
|
15,000,000,000
|
935,657
|
|
Series FR87, 6.50%,
02/15/2031
|
IDR
|
3,800,000,000
|
232,392
|
|
Series FR91, 6.38%,
04/15/2032
|
IDR
|
23,000,000,000
|
1,386,714
|
|
Series FR95, 6.38%,
08/15/2028
|
IDR
|
30,000,000,000
|
1,833,172
|
|
Series FR96, 7.00%,
02/15/2033
|
IDR
|
40,000,000,000
|
2,469,586
|
|
|
|
|
9,985,600
|
|
Malaysia–9.06%
|
|||
|
Malaysia Government Bond,
|
|
|
|
|
Series 122, 3.58%,
07/15/2032
|
MYR
|
7,000,000
|
1,791,221
|
|
Series 123, 4.46%,
03/31/2053
|
MYR
|
3,000,000
|
821,419
|
|
Series 219, 3.89%,
08/15/2029
|
MYR
|
12,000,000
|
3,116,620
|
|
Series 310, 4.50%,
04/15/2030
|
MYR
|
6,100,000
|
1,618,747
|
|
Series 513, 3.73%,
06/15/2028
|
MYR
|
6,000,000
|
1,546,109
|
|
Series 519, 3.76%,
05/22/2040
|
MYR
|
2,000,000
|
505,461
|
|
|
|
|
9,399,577
|
|
|
Principal
Amount
|
Value
|
|
|
Mexico–6.53%
|
|||
|
Mexican Bonos,
|
|
|
|
|
Series M, 8.50%,
02/28/2030
|
MXN
|
80,000,000
|
$4,634,720
|
|
Series M, 8.00%,
04/15/2032
|
MXN
|
27,000,000
|
1,506,770
|
|
Series M, 7.75%,
11/13/2042
|
MXN
|
12,000,000
|
599,954
|
|
Red de Carreteras de
Occidente S.A.B. de C.V.,
9.00%, 06/10/2028(c)
|
MXN
|
667,000
|
38,605
|
|
|
|
|
6,780,049
|
|
Peru–1.23%
|
|||
|
Peru Government Bond,
|
|
|
|
|
7.60%, 08/12/2039(c)
|
PEN
|
2,180,000
|
712,801
|
|
5.35%, 08/12/2040
|
PEN
|
2,100,000
|
558,649
|
|
|
|
|
1,271,450
|
|
Philippines–1.51%
|
|||
|
Philippine Government Bond,
|
|
|
|
|
Series 0770, 6.38%,
07/27/2030
|
PHP
|
30,000,000
|
524,945
|
|
Series R518, 6.25%,
02/28/2029
|
PHP
|
60,000,000
|
1,046,563
|
|
|
|
|
1,571,508
|
|
Poland–3.69%
|
|||
|
Republic of Poland
Government Bond,
Series 432, 1.75%,
04/25/2032
|
PLN
|
16,000,000
|
3,825,228
|
|
Romania–5.93%
|
|||
|
Romania Government Bond,
|
|
|
|
|
6.30%, 04/25/2029
|
RON
|
6,200,000
|
1,449,024
|
|
4.85%, 07/25/2029
|
RON
|
6,000,000
|
1,340,106
|
|
8.00%, 04/29/2030
|
RON
|
10,000,000
|
2,477,953
|
|
6.85%, 07/29/2030
|
RON
|
2,890,000
|
688,505
|
|
7.65%, 07/27/2031
|
RON
|
800,000
|
197,179
|
|
|
|
|
6,152,767
|
|
South Africa–8.52%
|
|||
|
Republic of South Africa Government
Bond,
|
|
|
|
|
Series 2040, 9.00%,
01/31/2040
|
ZAR
|
27,700,000
|
1,757,797
|
|
Series 2044, 8.75%,
01/31/2044
|
ZAR
|
52,000,000
|
3,171,345
|
|
Series 2048, 8.75%,
02/28/2048
|
ZAR
|
50,900,000
|
3,113,625
|
|
Series 2053, 11.63%,
03/31/2053
|
ZAR
|
10,000,000
|
802,314
|
|
|
|
|
8,845,081
|
|
Supranational–1.90%
|
|||
|
Corp. Andina de Fomento,
7.70%, 03/06/2029
|
INR
|
26,500,000
|
290,941
|
|
|
Principal
Amount
|
Value
|
|
|
Supranational–(continued)
|
|||
|
European Bank for
Reconstruction &
Development, 0.00%,
05/17/2034(d)
|
TRY
|
47,000,000
|
$147,085
|
|
International Bank for Reconstruction
& Development,
|
|
|
|
|
6.85%, 04/24/2028
|
INR
|
45,000,000
|
489,950
|
|
2.25%, 01/19/2029
|
CNY
|
3,000,000
|
437,158
|
|
6.50%, 04/17/2030
|
INR
|
50,000,000
|
533,875
|
|
International Finance Corp.,
0.00%, 02/15/2029(c)(d)
|
TRY
|
7,300,000
|
74,087
|
|
|
|
|
1,973,096
|
|
Thailand–2.78%
|
|||
|
Thailand Government Bond,
|
|
|
|
|
2.41%, 03/17/2035
|
THB
|
21,000,000
|
694,638
|
|
3.45%, 06/17/2043
|
THB
|
63,000,000
|
2,191,869
|
|
|
|
|
2,886,507
|
|
Turkey–4.07%
|
|||
|
Turkiye Government Bond,
|
|
|
|
|
41.00%, 05/05/2027
|
TRY
|
6,000,000
|
150,046
|
|
37.84%, 07/14/2027
|
TRY
|
50,000,000
|
1,224,441
|
|
36.78%, 10/13/2027
|
TRY
|
40,000,000
|
973,643
|
|
31.08%, 11/08/2028
|
TRY
|
29,500,000
|
679,115
|
|
30.00%, 09/12/2029
|
TRY
|
52,800,000
|
1,199,029
|
|
|
|
|
4,226,274
|
|
Total Non-U.S. Dollar Denominated Bonds & Notes
(Cost $80,387,932)
|
84,277,695
|
||
|
|
|
|
|
|
U.S. Dollar Denominated Bonds & Notes–0.12%
|
|||
|
United States–0.12%
|
|||
|
U.S. International
Development Finance
Corp., Series 4, 3.13%,
04/15/2028
(Cost $120,000)
|
|
$120,000
|
118,154
|
|
|
Shares |
|
|
|
Money Market Funds–15.34%
|
|||
|
Invesco Government & Agency
Portfolio, Institutional Class,
3.61%(e)(f)
|
5,572,176
|
5,572,176
|
|
|
Invesco Treasury Portfolio,
Institutional Class, 3.57%(e)(f)
|
10,348,267
|
10,348,267
|
|
|
Total Money Market Funds (Cost $15,920,443)
|
15,920,443
|
||
|
|
|||
|
Options Purchased–0.58%(g)
|
|||
|
(Cost $486,158)
|
604,338
|
||
|
TOTAL INVESTMENTS IN SECURITIES—97.24%
(Cost $96,914,533)
|
100,920,630
|
||
|
OTHER ASSETS LESS LIABILITIES–2.76%
|
2,867,336
|
||
|
NET ASSETS–100.00%
|
$103,787,966
|
||
|
ARS
|
– Argentina Peso
|
|
BRL
|
– Brazilian Real
|
|
CLP
|
– Chile Peso
|
|
CNY
|
– Chinese Yuan Renminbi
|
|
COP
|
– Colombia Peso
|
|
CZK
|
– Czech Koruna
|
|
EGP
|
– Egypt Pound
|
|
HUF
|
– Hungarian Forint
|
|
IDR
|
– Indonesian Rupiah
|
|
INR
|
– Indian Rupee
|
|
MXN
|
– Mexican Peso
|
|
MYR
|
– Malaysian Ringgit
|
|
PEN
|
– Peruvian Sol
|
|
PHP
|
– Philippines Peso
|
|
PLN
|
– Polish Zloty
|
|
RON
|
– Romania New Leu
|
|
THB
|
– Thai Baht
|
|
TRY
|
– Turkish Lira
|
|
ZAR
|
– South African Rand
|
|
(a)
|
Foreign denominated security. Principal amount is denominated in the currency indicated.
|
|
(b)
|
Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity
date reflects such call or put.
|
|
(c)
|
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 $3,232,026, which represented 3.11% of the Fund’s Net Assets.
|
|
(d)
|
Zero coupon bond issued at a discount.
|
|
(e)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the 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
|
$3,622,317
|
$6,966,657
|
$(5,016,798)
|
$-
|
$-
|
$5,572,176
|
$22,603
|
|
Invesco Treasury Portfolio, Institutional Class
|
6,727,099
|
12,938,077
|
(9,316,909)
|
-
|
-
|
10,348,267
|
41,509
|
|
Total
|
$10,349,416
|
$19,904,734
|
$(14,333,707)
|
$-
|
$-
|
$15,920,443
|
$64,112
|
|
(f)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
(g)
|
The table below details options purchased.
|
|
Open Over-The-Counter Foreign Currency Options Purchased(a)
|
||||||||
|
Description
|
Type of
Contract
|
Counterparty
|
Expiration
Date
|
Exercise
Price
|
Notional
Value
|
Value
|
||
|
Currency Risk
|
||||||||
|
USD versus JPY
|
Call
|
Deutsche Bank AG
|
07/07/2026
|
JPY
|
159.00
|
USD
|
5,900,000
|
$52,298
|
|
Currency Risk
|
||||||||
|
EUR versus HUF
|
Put
|
Deutsche Bank AG
|
03/30/2026
|
HUF
|
375.00
|
EUR
|
180,000
|
33,383
|
|
EUR versus HUF
|
Put
|
Deutsche Bank AG
|
04/02/2026
|
HUF
|
375.00
|
EUR
|
180,000
|
33,123
|
|
EUR versus HUF
|
Put
|
Deutsche Bank AG
|
04/30/2026
|
HUF
|
370.00
|
EUR
|
90,000
|
17,457
|
|
EUR versus HUF
|
Put
|
Deutsche Bank AG
|
05/07/2026
|
HUF
|
370.00
|
EUR
|
90,000
|
17,545
|
|
EUR versus HUF
|
Put
|
Deutsche Bank AG
|
05/14/2026
|
HUF
|
375.00
|
EUR
|
90,000
|
27,752
|
|
EUR versus HUF
|
Put
|
Deutsche Bank AG
|
05/14/2026
|
HUF
|
365.00
|
EUR
|
90,000
|
10,399
|
|
EUR versus HUF
|
Put
|
Deutsche Bank AG
|
05/21/2026
|
HUF
|
365.00
|
EUR
|
90,000
|
10,445
|
|
EUR versus HUF
|
Put
|
Deutsche Bank AG
|
05/21/2026
|
HUF
|
375.00
|
EUR
|
90,000
|
27,477
|
|
EUR versus HUF
|
Put
|
Deutsche Bank AG
|
06/05/2026
|
HUF
|
360.00
|
EUR
|
100,000
|
6,937
|
|
EUR versus HUF
|
Put
|
Deutsche Bank AG
|
06/30/2026
|
HUF
|
360.00
|
EUR
|
90,000
|
6,636
|
|
USD versus CLP
|
Put
|
Deutsche Bank AG
|
05/18/2026
|
CLP
|
857.00
|
USD
|
2,000,000
|
30,278
|
|
USD versus ILS
|
Put
|
J.P. Morgan Chase Bank, N.A.
|
02/10/2026
|
ILS
|
3.10
|
USD
|
38,000
|
19,924
|
|
USD versus ILS
|
Put
|
J.P. Morgan Chase Bank, N.A.
|
04/16/2026
|
ILS
|
3.10
|
USD
|
3,900,000
|
72,076
|
|
Open Over-The-Counter Foreign Currency Options Purchased(a)—(continued)
|
||||||||
|
Description
|
Type of
Contract
|
Counterparty
|
Expiration
Date
|
Exercise
Price
|
Notional
Value
|
Value
|
||
|
USD versus INR
|
Put
|
Deutsche Bank AG
|
05/06/2026
|
INR
|
88.50
|
USD
|
3,800,000
|
$2,793
|
|
USD versus JPY
|
Put
|
Deutsche Bank AG
|
07/01/2026
|
JPY
|
122.00
|
USD
|
370,000
|
2,064
|
|
USD versus KRW
|
Put
|
Deutsche Bank AG
|
04/23/2026
|
KRW
|
1,440.00
|
USD
|
3,800,000
|
57,141
|
|
USD versus MXN
|
Put
|
Deutsche Bank AG
|
04/21/2026
|
MXN
|
16.85
|
USD
|
155,000
|
23,031
|
|
USD versus PLN
|
Put
|
J.P. Morgan Chase Bank, N.A.
|
03/26/2026
|
PLN
|
3.53
|
USD
|
3,600,000
|
37,624
|
|
USD versus ZAR
|
Put
|
Deutsche Bank AG
|
04/22/2026
|
ZAR
|
15.80
|
USD
|
100,000
|
31,997
|
|
USD versus ZAR
|
Put
|
Deutsche Bank AG
|
05/26/2026
|
ZAR
|
15.50
|
USD
|
100,000
|
21,444
|
|
USD versus ZAR
|
Put
|
Standard Chartered Bank PLC
|
05/22/2026
|
ZAR
|
15.95
|
USD
|
3,800,000
|
62,514
|
|
Subtotal — Foreign Currency Put Options Purchased
|
552,040
|
|||||||
|
Total Foreign Currency Options Purchased
|
$604,338
|
|||||||
|
(a)
|
Over-The-Counter options purchased, options written and swap agreements are collateralized
by cash held with Counterparties in the amount of $310,000.
|
|
Open Over-The-Counter Foreign Currency Options Written(a)
|
||||||||||
|
Description
|
Type of
Contract
|
Counterparty
|
Expiration
Date
|
Exercise
Price
|
|
Notional
Value
|
|
Value
|
||
|
Currency Risk
|
||||||||||
|
USD versus BRL
|
Call
|
Merrill Lynch International
|
04/29/2026
|
BRL
|
5.55
|
|
USD
|
3,900,000
|
|
$(48,520
)
|
|
USD versus CLP
|
Call
|
Deutsche Bank AG
|
10/16/2026
|
CLP
|
930.00
|
|
USD
|
1,000,000
|
|
(18,501
)
|
|
USD versus CLP
|
Call
|
Merrill Lynch International
|
02/19/2026
|
CLP
|
940.00
|
|
USD
|
1,900,000
|
|
(608
)
|
|
USD versus JPY
|
Call
|
Deutsche Bank AG
|
07/07/2026
|
JPY
|
165.00
|
|
USD
|
5,900,000
|
|
(18,491
)
|
|
USD versus KRW
|
Call
|
Deutsche Bank AG
|
04/23/2026
|
KRW
|
1,500.00
|
|
USD
|
950,000
|
|
(4,358
)
|
|
USD versus ZAR
|
Call
|
Deutsche Bank AG
|
10/23/2026
|
ZAR
|
17.50
|
|
USD
|
1,000,000
|
|
(20,380
)
|
|
Subtotal — Foreign Currency Call Options Written
|
|
|
|
|
|
|
(110,858
)
|
|||
|
Currency Risk
|
||||||||||
|
USD versus ILS
|
Put
|
J.P. Morgan Chase Bank, N.A.
|
04/16/2026
|
ILS
|
3.00
|
|
USD
|
5,850,000
|
|
(34,176
)
|
|
USD versus INR
|
Put
|
Deutsche Bank AG
|
05/06/2026
|
INR
|
85.50
|
|
USD
|
5,700,000
|
|
(781
)
|
|
USD versus KRW
|
Put
|
Deutsche Bank AG
|
04/23/2026
|
KRW
|
1,400.00
|
|
USD
|
4,750,000
|
|
(27,369
)
|
|
USD versus PLN
|
Put
|
J.P. Morgan Chase Bank, N.A.
|
03/26/2026
|
PLN
|
3.44
|
|
USD
|
5,400,000
|
|
(18,182
)
|
|
USD versus ZAR
|
Put
|
J.P. Morgan Chase Bank, N.A.
|
02/02/2026
|
ZAR
|
16.60
|
|
USD
|
5,550,000
|
|
(167,615
)
|
|
USD versus ZAR
|
Put
|
Standard Chartered Bank PLC
|
05/22/2026
|
ZAR
|
15.55
|
|
USD
|
4,560,000
|
|
(37,574
)
|
|
Subtotal — Foreign Currency Put Options Written
|
|
|
|
|
|
|
(285,697
)
|
|||
|
Total Foreign Currency Options Written
|
|
|
|
|
|
|
$(396,555
)
|
|||
|
(a)
|
Over-The-Counter options purchased, options written and swap agreements are collateralized
by cash held with Counterparties in the amount of $310,000.
|
|
Open Forward Foreign Currency Contracts
|
||||||
|
Settlement
Date
|
Counterparty
|
Contract to
|
Unrealized
Appreciation
(Depreciation)
|
|||
|
Deliver
|
Receive
|
|||||
|
Currency Risk
|
|
|
|
|
|
|
|
02/03/2026
|
Deutsche Bank AG
|
BRL
|
7,313,250
|
USD
|
1,398,301
|
$8,675
|
|
02/03/2026
|
Deutsche Bank AG
|
INR
|
38,485,000
|
USD
|
430,000
|
11,628
|
|
02/03/2026
|
Deutsche Bank AG
|
USD
|
1,350,610
|
BRL
|
7,313,250
|
39,015
|
|
02/04/2026
|
Deutsche Bank AG
|
USD
|
162,000
|
ZAR
|
2,664,009
|
2,903
|
|
02/23/2026
|
Deutsche Bank AG
|
USD
|
266,257
|
CLP
|
235,491,000
|
3,182
|
|
03/05/2026
|
Deutsche Bank AG
|
USD
|
2,444,002
|
HUF
|
801,828,176
|
42,254
|
|
03/18/2026
|
Deutsche Bank AG
|
INR
|
30,252,000
|
USD
|
332,706
|
3,909
|
|
03/18/2026
|
Deutsche Bank AG
|
USD
|
845,041
|
CLP
|
775,316,667
|
41,961
|
|
03/18/2026
|
Deutsche Bank AG
|
USD
|
154,959
|
CNY
|
1,084,000
|
846
|
|
03/18/2026
|
Deutsche Bank AG
|
USD
|
47,958
|
COP
|
185,620,000
|
1,827
|
|
03/18/2026
|
Deutsche Bank AG
|
USD
|
43,491
|
EGP
|
2,255,000
|
3,275
|
|
03/18/2026
|
Deutsche Bank AG
|
USD
|
463,069
|
ILS
|
1,491,811
|
18,384
|
|
03/18/2026
|
Deutsche Bank AG
|
USD
|
32,220
|
INR
|
2,970,000
|
60
|
|
Open Forward Foreign Currency Contracts—(continued)
|
||||||
|
Settlement
Date
|
Counterparty
|
Contract to
|
Unrealized
Appreciation
(Depreciation)
|
|||
|
Deliver
|
Receive
|
|||||
|
03/18/2026
|
Deutsche Bank AG
|
USD
|
898,926
|
MXN
|
16,498,705
|
$41,489
|
|
03/18/2026
|
Deutsche Bank AG
|
USD
|
1,294,253
|
MYR
|
5,159,000
|
16,313
|
|
03/18/2026
|
Deutsche Bank AG
|
USD
|
806,274
|
PLN
|
2,932,453
|
18,995
|
|
03/18/2026
|
Deutsche Bank AG
|
USD
|
94,521
|
TRY
|
4,325,000
|
1,719
|
|
03/25/2026
|
Deutsche Bank AG
|
USD
|
250,671
|
IDR
|
4,217,549,000
|
466
|
|
04/01/2026
|
Deutsche Bank AG
|
USD
|
705,670
|
EUR
|
595,000
|
1,508
|
|
04/01/2026
|
Deutsche Bank AG
|
USD
|
691,628
|
HUF
|
235,178,000
|
36,482
|
|
04/08/2026
|
Deutsche Bank AG
|
BRL
|
952,380
|
USD
|
180,000
|
1,681
|
|
04/08/2026
|
Deutsche Bank AG
|
USD
|
422,802
|
EUR
|
360,000
|
5,211
|
|
04/08/2026
|
Deutsche Bank AG
|
USD
|
429,895
|
HUF
|
144,118,800
|
16,113
|
|
05/05/2026
|
Deutsche Bank AG
|
EUR
|
720,000
|
HUF
|
277,808,400
|
992
|
|
05/08/2026
|
Deutsche Bank AG
|
INR
|
79,744,500
|
USD
|
895,000
|
32,068
|
|
05/11/2026
|
Deutsche Bank AG
|
HUF
|
248,195,400
|
EUR
|
645,000
|
1,671
|
|
05/11/2026
|
Deutsche Bank AG
|
USD
|
37,911
|
HUF
|
13,031,000
|
2,325
|
|
05/26/2026
|
Deutsche Bank AG
|
USD
|
703,237
|
EUR
|
594,000
|
4,525
|
|
05/26/2026
|
Deutsche Bank AG
|
USD
|
726,530
|
HUF
|
241,995,600
|
20,011
|
|
07/01/2026
|
Deutsche Bank AG
|
JPY
|
61,591,680
|
USD
|
444,000
|
41,170
|
|
02/03/2026
|
Goldman Sachs International
|
BRL
|
26,768,743
|
USD
|
5,118,209
|
31,754
|
|
02/03/2026
|
Goldman Sachs International
|
USD
|
4,827,786
|
BRL
|
26,768,743
|
258,669
|
|
02/23/2026
|
Goldman Sachs International
|
USD
|
177,246
|
CLP
|
156,366,000
|
1,662
|
|
03/03/2026
|
Goldman Sachs International
|
USD
|
5,614,206
|
BRL
|
29,827,881
|
17,788
|
|
03/18/2026
|
Goldman Sachs International
|
CNY
|
206,000
|
USD
|
29,642
|
33
|
|
03/18/2026
|
Goldman Sachs International
|
EUR
|
125,000
|
USD
|
149,865
|
1,396
|
|
03/18/2026
|
Goldman Sachs International
|
MXN
|
17,829,000
|
USD
|
1,030,584
|
14,343
|
|
03/18/2026
|
Goldman Sachs International
|
THB
|
1,430,000
|
USD
|
45,624
|
44
|
|
03/18/2026
|
Goldman Sachs International
|
USD
|
58,450
|
CNY
|
409,000
|
336
|
|
03/18/2026
|
Goldman Sachs International
|
USD
|
2,202,292
|
CZK
|
45,811,590
|
29,798
|
|
03/18/2026
|
Goldman Sachs International
|
USD
|
19,973
|
HUF
|
6,590,000
|
445
|
|
03/18/2026
|
Goldman Sachs International
|
USD
|
1,022,005
|
JPY
|
159,284,000
|
11,026
|
|
03/18/2026
|
Goldman Sachs International
|
USD
|
315,021
|
MXN
|
5,619,000
|
5,257
|
|
03/18/2026
|
Goldman Sachs International
|
USD
|
224,827
|
PLN
|
809,000
|
2,848
|
|
03/18/2026
|
Goldman Sachs International
|
USD
|
106,118
|
RON
|
463,000
|
1,390
|
|
03/18/2026
|
Goldman Sachs International
|
USD
|
4,637,606
|
THB
|
146,942,000
|
46,021
|
|
03/18/2026
|
Goldman Sachs International
|
USD
|
248,790
|
TRY
|
11,270,000
|
1,988
|
|
03/25/2026
|
Goldman Sachs International
|
USD
|
53,034
|
IDR
|
891,353,000
|
42
|
|
03/30/2026
|
Goldman Sachs International
|
USD
|
36,155
|
PLN
|
130,000
|
430
|
|
04/06/2026
|
Goldman Sachs International
|
USD
|
257,653
|
BRL
|
1,411,000
|
6,649
|
|
03/18/2026
|
HSBC Bank USA
|
USD
|
147,141
|
TRY
|
6,617,000
|
100
|
|
03/18/2026
|
HSBC Bank USA
|
ZAR
|
5,693,000
|
USD
|
357,662
|
6,350
|
|
02/04/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
4,287,718
|
ZAR
|
72,066,030
|
173,194
|
|
02/12/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
3,326,307
|
ILS
|
10,493,215
|
59,162
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
PEN
|
204,000
|
USD
|
60,996
|
506
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
THB
|
929,000
|
USD
|
29,691
|
80
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
39,699
|
CLP
|
35,845,000
|
1,310
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
1,120,316
|
CNY
|
7,867,195
|
10,451
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
2,367,636
|
COP
|
8,952,030,000
|
33,409
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
201,256
|
EGP
|
9,900,919
|
4,076
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
18,904
|
EUR
|
16,000
|
100
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
483,203
|
MXN
|
8,795,000
|
18,106
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
103,108
|
MYR
|
407,000
|
284
|
|
Open Forward Foreign Currency Contracts—(continued)
|
||||||
|
Settlement
Date
|
Counterparty
|
Contract to
|
Unrealized
Appreciation
(Depreciation)
|
|||
|
Deliver
|
Receive
|
|||||
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
359,042
|
TRY
|
16,422,870
|
$6,396
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
1,339,516
|
ZAR
|
22,924,000
|
75,108
|
|
03/30/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
380,000
|
PLN
|
1,363,136
|
3,623
|
|
04/24/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
205,247
|
ZAR
|
3,410,000
|
4,620
|
|
02/04/2026
|
Merrill Lynch International
|
USD
|
339,437
|
ZAR
|
5,866,000
|
23,670
|
|
02/17/2026
|
Merrill Lynch International
|
USD
|
1,500,000
|
CLP
|
1,329,000,000
|
20,659
|
|
02/23/2026
|
Merrill Lynch International
|
CLP
|
1,527,067,500
|
USD
|
1,785,000
|
37,793
|
|
02/23/2026
|
Merrill Lynch International
|
USD
|
135,000
|
CLP
|
122,715,000
|
5,405
|
|
03/18/2026
|
Merrill Lynch International
|
HUF
|
78,133,000
|
USD
|
243,508
|
1,417
|
|
03/18/2026
|
Merrill Lynch International
|
USD
|
67,806
|
CLP
|
61,830,000
|
2,930
|
|
03/18/2026
|
Merrill Lynch International
|
USD
|
29,290
|
HUF
|
9,641,000
|
582
|
|
03/18/2026
|
Merrill Lynch International
|
USD
|
1,020,560
|
MXN
|
18,704,000
|
45,556
|
|
03/18/2026
|
Merrill Lynch International
|
USD
|
357,737
|
PEN
|
1,207,077
|
182
|
|
03/18/2026
|
Merrill Lynch International
|
USD
|
1,184,909
|
PLN
|
4,311,709
|
28,519
|
|
03/18/2026
|
Merrill Lynch International
|
USD
|
49,640
|
RON
|
217,000
|
747
|
|
03/18/2026
|
Merrill Lynch International
|
USD
|
38,638
|
ZAR
|
650,000
|
1,473
|
|
03/25/2026
|
Merrill Lynch International
|
IDR
|
40,512,620,118
|
USD
|
2,417,509
|
5,153
|
|
04/24/2026
|
Merrill Lynch International
|
USD
|
221,403
|
ZAR
|
3,612,000
|
896
|
|
05/04/2026
|
Merrill Lynch International
|
BRL
|
4,011,315
|
USD
|
755,000
|
8,104
|
|
05/11/2026
|
Merrill Lynch International
|
USD
|
675,297
|
HUF
|
232,083,100
|
41,302
|
|
02/03/2026
|
Morgan Stanley and Co. International PLC
|
BRL
|
350,000
|
USD
|
66,920
|
415
|
|
02/03/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
63,291
|
BRL
|
350,000
|
3,214
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
INR
|
11,910,000
|
USD
|
131,628
|
2,184
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
67,173
|
CLP
|
61,161,000
|
2,798
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
2,008,384
|
CNY
|
13,988,000
|
2,137
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
144,195
|
CZK
|
2,982,000
|
1,097
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
1,529,854
|
EGP
|
75,633,000
|
38,682
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
171,135
|
HUF
|
56,684,000
|
4,498
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
19,377
|
ILS
|
62,000
|
633
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
246,403
|
MXN
|
4,491,800
|
9,626
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
19,784
|
PHP
|
1,178,000
|
181
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
2,101,928
|
PLN
|
7,571,700
|
28,946
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
991,400
|
RON
|
4,332,000
|
14,482
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
402,215
|
TRY
|
18,177,000
|
2,258
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
1,173,546
|
ZAR
|
20,085,874
|
65,941
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
INR
|
28,218,060
|
USD
|
309,612
|
2,923
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
PEN
|
1,890,447
|
USD
|
561,330
|
779
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
THB
|
3,323,000
|
USD
|
106,370
|
453
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
USD
|
19,472
|
COP
|
74,882,000
|
612
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
USD
|
40,080
|
CZK
|
830,000
|
361
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
USD
|
336,667
|
EGP
|
16,771,081
|
11,146
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
USD
|
213,879
|
INR
|
19,718,000
|
427
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
USD
|
965,264
|
KRW
|
1,427,047,000
|
19,873
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
USD
|
1,518,922
|
MYR
|
6,222,841
|
61,896
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
USD
|
37,808
|
PHP
|
2,247,000
|
274
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
USD
|
48,178
|
THB
|
1,513,000
|
47
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
USD
|
67,783
|
ZAR
|
1,146,000
|
2,935
|
|
03/25/2026
|
Standard Chartered Bank PLC
|
USD
|
77,852
|
IDR
|
1,310,398,000
|
177
|
|
02/03/2026
|
UBS AG
|
INR
|
38,485,000
|
USD
|
418,778
|
406
|
|
03/18/2026
|
UBS AG
|
USD
|
19,887
|
CLP
|
17,563,000
|
206
|
|
Open Forward Foreign Currency Contracts—(continued)
|
||||||
|
Settlement
Date
|
Counterparty
|
Contract to
|
Unrealized
Appreciation
(Depreciation)
|
|||
|
Deliver
|
Receive
|
|||||
|
03/18/2026
|
UBS AG
|
USD
|
42,048
|
THB
|
1,321,000
|
$58
|
|
03/18/2026
|
UBS AG
|
USD
|
118,809
|
TRY
|
5,341,000
|
38
|
|
Subtotal—Appreciation
|
1,753,543
|
|||||
|
Currency Risk
|
|
|
|
|
|
|
|
03/18/2026
|
Barclays Bank PLC
|
USD
|
127,040
|
CZK
|
2,584,000
|
(1,139
)
|
|
02/03/2026
|
Deutsche Bank AG
|
BRL
|
711,000
|
USD
|
131,327
|
(3,774
)
|
|
02/03/2026
|
Deutsche Bank AG
|
USD
|
135,944
|
BRL
|
711,000
|
(844
)
|
|
02/03/2026
|
Deutsche Bank AG
|
USD
|
418,778
|
INR
|
38,485,000
|
(406
)
|
|
02/04/2026
|
Deutsche Bank AG
|
ZAR
|
4,990,838
|
USD
|
288,000
|
(20,935
)
|
|
02/19/2026
|
Deutsche Bank AG
|
MXN
|
8,436,000
|
USD
|
456,000
|
(26,070
)
|
|
03/05/2026
|
Deutsche Bank AG
|
USD
|
900,000
|
HUF
|
287,100,000
|
(9,779
)
|
|
03/18/2026
|
Deutsche Bank AG
|
COP
|
1,062,100,000
|
USD
|
271,013
|
(13,855
)
|
|
03/18/2026
|
Deutsche Bank AG
|
EUR
|
1,698,000
|
USD
|
1,994,352
|
(22,452
)
|
|
03/18/2026
|
Deutsche Bank AG
|
MXN
|
30,211,516
|
USD
|
1,664,049
|
(57,987
)
|
|
03/18/2026
|
Deutsche Bank AG
|
RON
|
2,828,000
|
USD
|
647,554
|
(9,102
)
|
|
03/18/2026
|
Deutsche Bank AG
|
USD
|
531,667
|
CNY
|
3,689,981
|
(1,299
)
|
|
03/18/2026
|
Deutsche Bank AG
|
USD
|
3,623,396
|
INR
|
329,256,250
|
(44,860
)
|
|
03/18/2026
|
Deutsche Bank AG
|
USD
|
114,137
|
PEN
|
382,000
|
(868
)
|
|
03/18/2026
|
Deutsche Bank AG
|
USD
|
32,110
|
ZAR
|
514,000
|
(392
)
|
|
03/25/2026
|
Deutsche Bank AG
|
USD
|
48,052
|
IDR
|
803,332,000
|
(217
)
|
|
04/01/2026
|
Deutsche Bank AG
|
EUR
|
589,000
|
USD
|
693,013
|
(7,033
)
|
|
04/01/2026
|
Deutsche Bank AG
|
HUF
|
237,702,500
|
USD
|
705,670
|
(30,256
)
|
|
04/08/2026
|
Deutsche Bank AG
|
EUR
|
360,000
|
USD
|
420,588
|
(7,425
)
|
|
04/08/2026
|
Deutsche Bank AG
|
HUF
|
144,118,800
|
USD
|
422,802
|
(23,206
)
|
|
04/24/2026
|
Deutsche Bank AG
|
ZAR
|
5,727,300
|
USD
|
340,000
|
(12,483
)
|
|
04/27/2026
|
Deutsche Bank AG
|
KRW
|
1,301,625,000
|
USD
|
890,000
|
(9,824
)
|
|
05/05/2026
|
Deutsche Bank AG
|
HUF
|
277,808,400
|
EUR
|
720,000
|
(992
)
|
|
05/08/2026
|
Deutsche Bank AG
|
USD
|
34,714
|
INR
|
3,108,000
|
(1,082
)
|
|
05/11/2026
|
Deutsche Bank AG
|
EUR
|
631,000
|
HUF
|
242,807,222
|
(1,638
)
|
|
05/11/2026
|
Deutsche Bank AG
|
HUF
|
245,114,100
|
USD
|
710,270
|
(46,565
)
|
|
05/11/2026
|
Deutsche Bank AG
|
USD
|
710,270
|
EUR
|
594,000
|
(2,976
)
|
|
05/20/2026
|
Deutsche Bank AG
|
CLP
|
780,032,000
|
USD
|
880,000
|
(12,289
)
|
|
05/20/2026
|
Deutsche Bank AG
|
USD
|
458,421
|
CLP
|
396,016,000
|
(5,413
)
|
|
05/26/2026
|
Deutsche Bank AG
|
EUR
|
594,000
|
USD
|
702,565
|
(5,197
)
|
|
05/26/2026
|
Deutsche Bank AG
|
HUF
|
241,995,600
|
USD
|
703,237
|
(43,305
)
|
|
05/28/2026
|
Deutsche Bank AG
|
USD
|
286,189
|
ZAR
|
4,582,000
|
(4,884
)
|
|
05/28/2026
|
Deutsche Bank AG
|
ZAR
|
12,073,544
|
USD
|
740,000
|
(1,236
)
|
|
07/01/2026
|
Deutsche Bank AG
|
USD
|
623,865
|
JPY
|
94,137,000
|
(8,177
)
|
|
02/03/2026
|
Goldman Sachs International
|
BRL
|
33,720,993
|
USD
|
6,369,209
|
(38,276
)
|
|
02/03/2026
|
Goldman Sachs International
|
USD
|
6,447,486
|
BRL
|
33,720,993
|
(40,000
)
|
|
02/04/2026
|
Goldman Sachs International
|
ZAR
|
10,381,000
|
USD
|
595,952
|
(46,636
)
|
|
02/12/2026
|
Goldman Sachs International
|
ILS
|
343,247
|
USD
|
109,387
|
(1,356
)
|
|
03/03/2026
|
Goldman Sachs International
|
USD
|
94,974
|
BRL
|
501,000
|
(377
)
|
|
03/10/2026
|
Goldman Sachs International
|
USD
|
106,475
|
BRL
|
557,000
|
(1,478
)
|
|
03/18/2026
|
Goldman Sachs International
|
CZK
|
34,596,000
|
USD
|
1,667,640
|
(17,990
)
|
|
03/18/2026
|
Goldman Sachs International
|
HUF
|
218,183,737
|
USD
|
659,270
|
(16,761
)
|
|
03/18/2026
|
Goldman Sachs International
|
ILS
|
625,000
|
USD
|
198,768
|
(2,939
)
|
|
03/18/2026
|
Goldman Sachs International
|
MXN
|
6,229,000
|
USD
|
344,289
|
(10,760
)
|
|
03/18/2026
|
Goldman Sachs International
|
PLN
|
71,000
|
USD
|
19,613
|
(368
)
|
|
03/18/2026
|
Goldman Sachs International
|
RON
|
8,747,129
|
USD
|
1,988,029
|
(43,037
)
|
|
Open Forward Foreign Currency Contracts—(continued)
|
||||||
|
Settlement
Date
|
Counterparty
|
Contract to
|
Unrealized
Appreciation
(Depreciation)
|
|||
|
Deliver
|
Receive
|
|||||
|
03/18/2026
|
Goldman Sachs International
|
TRY
|
867,000
|
USD
|
18,911
|
$(382
)
|
|
03/18/2026
|
Goldman Sachs International
|
USD
|
141,316
|
CNY
|
981,824
|
(197
)
|
|
03/18/2026
|
Goldman Sachs International
|
USD
|
127,569
|
COP
|
471,582,000
|
(1,085
)
|
|
03/18/2026
|
Goldman Sachs International
|
USD
|
31,850
|
ILS
|
98,000
|
(223
)
|
|
03/18/2026
|
Goldman Sachs International
|
USD
|
2,415,623
|
MXN
|
42,061,000
|
(18,175
)
|
|
03/18/2026
|
Goldman Sachs International
|
USD
|
3,190,265
|
PEN
|
10,667,000
|
(27,312
)
|
|
03/18/2026
|
Goldman Sachs International
|
USD
|
506,097
|
PLN
|
1,779,000
|
(5,440
)
|
|
03/18/2026
|
Goldman Sachs International
|
USD
|
168,684
|
THB
|
5,252,000
|
(1,282
)
|
|
05/28/2026
|
Goldman Sachs International
|
USD
|
545,856
|
ZAR
|
8,840,000
|
(3,138
)
|
|
03/18/2026
|
HSBC Bank USA
|
THB
|
4,989,738
|
USD
|
159,000
|
(43
)
|
|
02/04/2026
|
J.P. Morgan Chase Bank, N.A.
|
ZAR
|
10,513,975
|
USD
|
573,500
|
(77,319
)
|
|
02/12/2026
|
J.P. Morgan Chase Bank, N.A.
|
ILS
|
9,910,586
|
USD
|
3,083,987
|
(113,503
)
|
|
03/03/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
1,653,525
|
BRL
|
8,682,000
|
(14,221
)
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
CLP
|
109,830,769
|
USD
|
120,080
|
(5,572
)
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
EUR
|
1,223,363
|
USD
|
1,433,712
|
(19,341
)
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
HUF
|
134,980,000
|
USD
|
408,164
|
(10,065
)
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
PLN
|
313,422
|
USD
|
86,964
|
(1,241
)
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
RON
|
328,000
|
USD
|
74,889
|
(1,273
)
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
THB
|
4,748,210
|
USD
|
150,801
|
(543
)
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
TRY
|
48,244,870
|
USD
|
1,072,015
|
(1,525
)
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
981,174
|
INR
|
88,757,000
|
(16,515
)
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
1,086,427
|
KRW
|
1,551,740,000
|
(15,211
)
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
116,624
|
RON
|
498,000
|
(989
)
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
39,417
|
THB
|
1,236,000
|
(21
)
|
|
03/18/2026
|
J.P. Morgan Chase Bank, N.A.
|
ZAR
|
24,025,000
|
USD
|
1,402,834
|
(79,733
)
|
|
04/06/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
626,578
|
BRL
|
3,293,000
|
(9,750
)
|
|
05/11/2026
|
J.P. Morgan Chase Bank, N.A.
|
EUR
|
365,000
|
USD
|
428,531
|
(6,085
)
|
|
07/01/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
440,998
|
JPY
|
61,591,680
|
(38,168
)
|
|
09/16/2026
|
J.P. Morgan Chase Bank, N.A.
|
USD
|
1,026,863
|
TRY
|
52,465,000
|
(3,371
)
|
|
03/10/2026
|
Merrill Lynch International
|
BRL
|
2,483,344
|
USD
|
448,500
|
(19,624
)
|
|
03/18/2026
|
Merrill Lynch International
|
COP
|
31,828,911,400
|
USD
|
8,224,229
|
(312,677
)
|
|
03/18/2026
|
Merrill Lynch International
|
CZK
|
615,000
|
USD
|
29,502
|
(463
)
|
|
03/18/2026
|
Merrill Lynch International
|
HUF
|
443,238,000
|
USD
|
1,343,839
|
(29,512
)
|
|
03/18/2026
|
Merrill Lynch International
|
PLN
|
2,123,000
|
USD
|
580,796
|
(16,672
)
|
|
03/18/2026
|
Merrill Lynch International
|
USD
|
41,255
|
CLP
|
35,551,000
|
(583
)
|
|
03/18/2026
|
Merrill Lynch International
|
USD
|
92,387
|
CNY
|
640,000
|
(399
)
|
|
03/18/2026
|
Merrill Lynch International
|
USD
|
31,787
|
CZK
|
649,000
|
(166
)
|
|
03/18/2026
|
Merrill Lynch International
|
USD
|
415,272
|
HUF
|
132,593,000
|
(4,439
)
|
|
03/18/2026
|
Merrill Lynch International
|
USD
|
398,530
|
MXN
|
6,888,000
|
(5,919
)
|
|
03/18/2026
|
Merrill Lynch International
|
USD
|
206,133
|
ZAR
|
3,253,000
|
(5,392
)
|
|
03/18/2026
|
Merrill Lynch International
|
ZAR
|
1,153,000
|
USD
|
69,641
|
(1,510
)
|
|
03/25/2026
|
Merrill Lynch International
|
IDR
|
332,113,000
|
USD
|
19,673
|
(103
)
|
|
03/25/2026
|
Merrill Lynch International
|
USD
|
67,107
|
IDR
|
1,121,121,000
|
(349
)
|
|
04/06/2026
|
Merrill Lynch International
|
BRL
|
2,996,838
|
USD
|
540,000
|
(21,353
)
|
|
05/28/2026
|
Merrill Lynch International
|
USD
|
738,668
|
ZAR
|
11,795,000
|
(14,533
)
|
|
02/04/2026
|
Morgan Stanley and Co. International PLC
|
ZAR
|
1,455,000
|
USD
|
83,923
|
(6,142
)
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
CLP
|
737,998,689
|
USD
|
803,894
|
(40,415
)
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
EUR
|
1,698,000
|
USD
|
1,992,395
|
(24,409
)
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
HUF
|
205,267,000
|
USD
|
622,777
|
(13,233
)
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
JPY
|
156,940,000
|
USD
|
993,960
|
(23,868
)
|
|
Open Forward Foreign Currency Contracts—(continued)
|
||||||
|
Settlement
Date
|
Counterparty
|
Contract to
|
Unrealized
Appreciation
(Depreciation)
|
|||
|
Deliver
|
Receive
|
|||||
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
MXN
|
1,072,000
|
USD
|
59,241
|
$(1,861
)
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
PEN
|
3,573,000
|
USD
|
1,058,667
|
(791
)
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
PLN
|
107,000
|
USD
|
29,611
|
(501
)
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
TRY
|
1,083,000
|
USD
|
23,962
|
(137
)
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
254,405
|
CNY
|
1,762,000
|
(1,149
)
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
30,825
|
COP
|
114,735,000
|
(52
)
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
84,410
|
EGP
|
4,053,000
|
(356
)
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
104,073
|
INR
|
9,563,000
|
(138
)
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
31,895
|
PHP
|
1,881,000
|
(17
)
|
|
03/18/2026
|
Morgan Stanley and Co. International PLC
|
ZAR
|
5,725,200
|
USD
|
343,931
|
(9,367
)
|
|
03/25/2026
|
Morgan Stanley and Co. International PLC
|
IDR
|
499,867,000
|
USD
|
29,632
|
(133
)
|
|
03/25/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
122,000
|
IDR
|
2,043,304,000
|
(329
)
|
|
04/06/2026
|
Morgan Stanley and Co. International PLC
|
BRL
|
2,204,000
|
USD
|
396,239
|
(16,603
)
|
|
04/06/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
211,908
|
BRL
|
1,125,000
|
(1,179
)
|
|
05/20/2026
|
Morgan Stanley and Co. International PLC
|
USD
|
254,015
|
CLP
|
220,231,000
|
(2,090
)
|
|
03/03/2026
|
Standard Chartered Bank PLC
|
USD
|
150,694
|
BRL
|
787,000
|
(2,096
)
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
MYR
|
4,206,000
|
USD
|
1,035,279
|
(33,192
)
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
PHP
|
57,628,000
|
USD
|
968,225
|
(8,441
)
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
THB
|
19,382,000
|
USD
|
617,065
|
(717
)
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
USD
|
356,991
|
CNY
|
2,479,195
|
(652
)
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
USD
|
20,115
|
COP
|
74,673,000
|
(87
)
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
USD
|
61,813
|
CZK
|
1,254,000
|
(714
)
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
USD
|
30,826
|
EGP
|
1,475,000
|
(236
)
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
USD
|
42,600
|
MXN
|
739,000
|
(478
)
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
USD
|
61,794
|
RON
|
264,000
|
(494
)
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
USD
|
220,283
|
THB
|
6,854,000
|
(1,818
)
|
|
03/18/2026
|
Standard Chartered Bank PLC
|
ZAR
|
8,867,461
|
USD
|
513,000
|
(34,205
)
|
|
02/03/2026
|
UBS AG
|
USD
|
419,493
|
INR
|
38,485,000
|
(1,120
)
|
|
03/18/2026
|
UBS AG
|
CZK
|
3,053,000
|
USD
|
148,242
|
(510
)
|
|
03/18/2026
|
UBS AG
|
INR
|
38,485,000
|
USD
|
418,234
|
(42
)
|
|
03/18/2026
|
UBS AG
|
USD
|
128,698
|
CLP
|
110,368,000
|
(2,431
)
|
|
Subtotal—Depreciation
|
(1,793,358
)
|
|||||
|
Total Forward Foreign Currency Contracts
|
$(39,815
)
|
|||||
|
Open Centrally Cleared Interest Rate Swap Agreements(a)
|
||||||||||
|
Pay/
Receive
Floating
Rate
|
Floating Rate Index
|
Payment
Frequency
|
(Pay)/
Receive
Fixed
Rate
|
Payment
Frequency
|
Maturity
Date
|
Notional Value
|
Upfront
Payments
Paid
(Received)
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
|
Interest Rate Risk
|
||||||||||
|
Pay
|
BZDIOVRA
|
At Maturity
|
12.70%
|
At Maturity
|
01/03/2028
|
BRL
|
6,209,014
|
$—
|
$188
|
$188
|
|
Pay
|
28 Day MXN TIEF
|
28 days
|
7.45
|
28 days
|
03/13/2030
|
MXN
|
50,500,000
|
—
|
666
|
666
|
|
Pay
|
CLICP
|
Semi-Annually
|
4.71
|
Semi-Annually
|
09/17/2030
|
CLP
|
350,000,000
|
—
|
763
|
763
|
|
Pay
|
BZDIOVRA
|
At Maturity
|
12.92
|
At Maturity
|
01/02/2029
|
BRL
|
1,959,729
|
—
|
2,406
|
2,406
|
|
Receive
|
SOFR
|
Annually
|
(4.19)
|
Annually
|
03/18/2056
|
USD
|
1,450,000
|
—
|
2,499
|
2,499
|
|
Pay
|
6 Month BUBOR
|
Semi-Annually
|
5.85
|
Annually
|
09/17/2028
|
HUF
|
550,000,000
|
(4,932
)
|
(1,675
)
|
3,257
|
|
Pay
|
28 Day MXN TIEF
|
28 days
|
7.14
|
28 days
|
03/15/2028
|
MXN
|
43,300,000
|
—
|
3,654
|
3,654
|
|
Pay
|
28 Day MXN TIEF
|
28 days
|
7.67
|
28 days
|
03/12/2031
|
MXN
|
20,600,000
|
—
|
4,100
|
4,100
|
|
Pay
|
28 Day MXN TIEF
|
28 days
|
7.40
|
28 days
|
03/14/2029
|
MXN
|
34,450,000
|
—
|
6,675
|
6,675
|
|
Receive
|
SOFR
|
Annually
|
(4.11)
|
Annually
|
07/25/2055
|
USD
|
480,000
|
—
|
7,416
|
7,416
|
|
Pay
|
BZDIOVRA
|
At Maturity
|
12.86
|
At Maturity
|
01/03/2028
|
BRL
|
15,702,973
|
—
|
8,451
|
8,451
|
|
Open Centrally Cleared Interest Rate Swap Agreements(a)—(continued)
|
||||||||||
|
Pay/
Receive
Floating
Rate
|
Floating Rate Index
|
Payment
Frequency
|
(Pay)/
Receive
Fixed
Rate
|
Payment
Frequency
|
Maturity
Date
|
Notional Value
|
Upfront
Payments
Paid
(Received)
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
|
Pay
|
BZDIOVRA
|
At Maturity
|
13.76%
|
At Maturity
|
01/04/2027
|
BRL
|
48,725,495
|
$—
|
$8,722
|
$8,722
|
|
Pay
|
28 Day MXN TIEF
|
28 days
|
7.47
|
28 days
|
03/14/2029
|
MXN
|
34,250,000
|
—
|
10,567
|
10,567
|
|
Pay
|
BZDIOVRA
|
At Maturity
|
13.35
|
At Maturity
|
01/02/2029
|
BRL
|
4,010,744
|
—
|
11,256
|
11,256
|
|
Receive
|
SOFR
|
Annually
|
(4.15)
|
Annually
|
12/26/2055
|
USD
|
1,400,000
|
—
|
11,785
|
11,785
|
|
Pay
|
BZDIOVRA
|
At Maturity
|
12.85
|
At Maturity
|
01/03/2028
|
BRL
|
24,612,389
|
—
|
12,634
|
12,634
|
|
Pay
|
28 Day MXN TIEF
|
28 days
|
7.75
|
28 days
|
03/12/2031
|
MXN
|
42,000,000
|
—
|
16,357
|
16,357
|
|
Pay
|
TTHORON
|
Quarterly
|
1.73
|
Quarterly
|
06/18/2030
|
THB
|
45,200,000
|
—
|
20,121
|
20,121
|
|
Pay
|
SOFR
|
Annually
|
4.07
|
Annually
|
02/13/2030
|
USD
|
893,000
|
(192
)
|
20,591
|
20,783
|
|
Pay
|
6 Month WIBOR
|
Semi-Annually
|
4.04
|
Annually
|
09/17/2029
|
PLN
|
7,000,000
|
—
|
21,177
|
21,177
|
|
Receive
|
SOFR
|
Annually
|
(3.69)
|
Annually
|
07/02/2035
|
USD
|
2,519,000
|
498
|
26,401
|
25,903
|
|
Pay
|
BZDIOVRA
|
At Maturity
|
13.09
|
At Maturity
|
01/02/2029
|
BRL
|
24,129,376
|
—
|
33,961
|
33,961
|
|
Receive
|
COOVIBR
|
Quarterly
|
(9.55)
|
Quarterly
|
09/17/2035
|
COP
|
1,800,000,000
|
—
|
37,109
|
37,109
|
|
Receive
|
COOVIBR
|
Quarterly
|
(8.87)
|
Quarterly
|
09/17/2035
|
COP
|
1,700,000,000
|
—
|
53,629
|
53,629
|
|
Subtotal — Appreciation
|
|
|
|
(4,626
)
|
319,453
|
324,079
|
||||
|
Interest Rate Risk
|
||||||||||
|
Receive
|
3 Month CNRR007
|
Quarterly
|
(2.82)
|
Quarterly
|
03/23/2028
|
CNY
|
10,000,000
|
—
|
(39,094
)
|
(39,094
)
|
|
Pay
|
SOFR
|
Annually
|
3.30
|
Annually
|
10/30/2030
|
USD
|
3,564,000
|
82
|
(32,567
)
|
(32,649
)
|
|
Pay
|
COOVIBR
|
Quarterly
|
10.56
|
Quarterly
|
01/08/2029
|
COP
|
9,500,000,000
|
—
|
(28,307
)
|
(28,307
)
|
|
Receive
|
6 Month WIBOR
|
Semi-Annually
|
(4.45)
|
Annually
|
09/17/2035
|
PLN
|
5,000,000
|
2,198
|
(24,909
)
|
(27,107
)
|
|
Pay
|
FBIL Overnight MIBOR
|
Semi-Annually
|
5.96
|
Semi-Annually
|
06/18/2030
|
INR
|
305,000,000
|
—
|
(14,846
)
|
(14,846
)
|
|
Pay
|
FBIL Overnight MIBOR
|
Semi-Annually
|
5.64
|
Semi-Annually
|
03/18/2028
|
INR
|
360,000,000
|
3,977
|
(7,814
)
|
(11,791
)
|
|
Receive
|
6 Month WIBOR
|
Semi-Annually
|
(3.70)
|
Annually
|
03/18/2028
|
PLN
|
13,400,000
|
—
|
(10,070
)
|
(10,070
)
|
|
Pay
|
SOFR
|
Annually
|
3.31
|
Annually
|
03/18/2028
|
USD
|
12,700,000
|
—
|
(7,091
)
|
(7,091
)
|
|
Pay
|
FBIL Overnight MIBOR
|
Semi-Annually
|
5.65
|
Semi-Annually
|
09/17/2030
|
INR
|
30,000,000
|
—
|
(5,909
)
|
(5,909
)
|
|
Pay
|
6 Month WIBOR
|
Semi-Annually
|
3.76
|
Annually
|
03/18/2031
|
PLN
|
8,000,000
|
—
|
(5,307
)
|
(5,307
)
|
|
Receive
|
6 Month CZK PRIBOR
|
Semi-Annually
|
(3.90)
|
Annually
|
06/18/2035
|
CZK
|
17,000,000
|
2,232
|
(514
)
|
(2,746
)
|
|
Receive
|
6 Month CZK PRIBOR
|
Semi-Annually
|
(3.40)
|
Annually
|
09/17/2030
|
CZK
|
10,000,000
|
(1,115
)
|
(3,846
)
|
(2,731
)
|
|
Receive
|
CLICP
|
Semi-Annually
|
(5.17)
|
Semi-Annually
|
09/17/2035
|
CLP
|
600,000,000
|
—
|
(2,120
)
|
(2,120
)
|
|
Pay
|
BZDIOVRA
|
At Maturity
|
12.74
|
At Maturity
|
01/02/2029
|
BRL
|
5,583,899
|
—
|
(2,011
)
|
(2,011
)
|
|
Pay
|
SOFR
|
Annually
|
3.36
|
Annually
|
12/26/2027
|
USD
|
12,000,000
|
—
|
(1,669
)
|
(1,669
)
|
|
Pay
|
6 Month BUBOR
|
Semi-Annually
|
5.89
|
Annually
|
09/17/2028
|
HUF
|
1,100,000,000
|
—
|
(501
)
|
(501
)
|
|
Pay
|
28 Day MXN TIEF
|
28 days
|
7.27
|
28 days
|
03/14/2029
|
MXN
|
29,000,000
|
—
|
(233
)
|
(233
)
|
|
Pay
|
6 Month CZK PRIBOR
|
Semi-Annually
|
3.61
|
Annually
|
03/18/2031
|
CZK
|
4,000,000
|
—
|
(105
)
|
(105
)
|
|
Subtotal — Depreciation
|
|
|
|
7,374
|
(186,913
)
|
(194,287
)
|
||||
|
Total Centrally Cleared Interest Rate Swap Agreements
|
|
|
|
$2,748
|
$132,540
|
$129,792
|
||||
|
(a)
|
Centrally cleared swap agreements collateralized by $1,458,982 cash held with Counterparties.
|
|
Open Over-The-Counter Interest Rate Swap Agreements(a)
|
|||||||||||
|
Counterparty
|
Pay/
Receive
Floating
Rate
|
Floating Rate
Index
|
Payment
Frequency
|
(Pay)/
Received
Fixed
Rate
|
Payment
Frequency
|
Maturity
Date
|
Notional
Value
|
Upfront
Payments
Paid
(Received)
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
|
Interest Rate Risk
|
|||||||||||
|
Standard Chartered
Bank PLC
|
Pay
|
3 Month KLIBOR
|
Quarterly
|
3.57%
|
Quarterly
|
05/19/2028
|
MYR
|
12,250,000
|
$—
|
$7,423
|
$7,423
|
|
Goldman Sachs
International
|
Receive
|
TLREF
|
Quarterly
|
(36.45)
|
Quarterly
|
07/26/2026
|
TRY
|
160,000,000
|
—
|
2,625
|
2,625
|
|
Subtotal—Appreciation
|
|
|
|
|
|
—
|
10,048
|
10,048
|
|||
|
Open Over-The-Counter Interest Rate Swap Agreements(a)—(continued)
|
|||||||||||
|
Counterparty
|
Pay/
Receive
Floating
Rate
|
Floating Rate
Index
|
Payment
Frequency
|
(Pay)/
Received
Fixed
Rate
|
Payment
Frequency
|
Maturity
Date
|
Notional
Value
|
Upfront
Payments
Paid
(Received)
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
|
Interest Rate Risk
|
|||||||||||
|
J.P. Morgan Chase
Bank, N.A.
|
Receive
|
TLREF
|
Quarterly
|
(37.22)%
|
Quarterly
|
11/03/2026
|
TRY
|
37,400,000
|
$—
|
$(9,910
)
|
$(9,910
)
|
|
J.P. Morgan Chase
Bank, N.A.
|
Receive
|
TLREF
|
Quarterly
|
(37.00)
|
Quarterly
|
11/10/2026
|
TRY
|
37,400,000
|
—
|
(9,055
)
|
(9,055
)
|
|
Subtotal—Depreciation
|
|
|
|
|
|
—
|
(18,965
)
|
(18,965
)
|
|||
|
Total Over-The-Counter Interest Rate Swap Agreements
|
|
|
|
|
|
$—
|
$(8,917
)
|
$(8,917
)
|
|||
|
(a)
|
Over-The-Counter options purchased, options written and swap agreements are collateralized
by cash held with Counterparties in the amount of $310,000.
|
|
Abbreviations:
|
|
|
BRL
|
—Brazilian Real
|
|
BUBOR
|
—Budapest Interbank Offered Rate
|
|
BZDIOVRA
|
—Brazil Ceptip DI Interbank Deposit Rate
|
|
CLICP
|
—Sinacofi Chile Interbank Rate Avg (CAMARA)
|
|
CLP
|
—Chile Peso
|
|
CNRR007
|
—China 7-Day Reverse Repo Rate
|
|
CNY
|
—Chinese Yuan Renminbi
|
|
COOVIBR
|
—Colombia IBR Overnight Nominal Interbank Reference Rate
|
|
COP
|
—Colombia Peso
|
|
CZK
|
—Czech Koruna
|
|
EGP
|
—Egypt Pound
|
|
EUR
|
—Euro
|
|
FBIL
|
—Financial Benchmarks India Private Ltd.
|
|
HUF
|
—Hungarian Forint
|
|
IDR
|
—Indonesian Rupiah
|
|
ILS
|
—Israel Shekel
|
|
INR
|
—Indian Rupee
|
|
JPY
|
—Japanese Yen
|
|
KLIBOR
|
—Kuala Lumpur Interbank Offered Rate
|
|
KRW
|
—South Korean Won
|
|
MIBOR
|
—Mumbai Interbank Offered Rate
|
|
MXN
|
—Mexican Peso
|
|
MYR
|
—Malaysian Ringgit
|
|
PEN
|
—Peruvian Sol
|
|
PHP
|
—Philippines Peso
|
|
PLN
|
—Polish Zloty
|
|
PRIBOR
|
—Prague Interbank Offerred Rate
|
|
RON
|
—Romania New Leu
|
|
SOFR
|
—Secured Overnight Financing Rate
|
|
THB
|
—Thai Baht
|
|
TLREF
|
—Turkish Lira Overnight Reference Rate
|
|
TRY
|
—Turkish Lira
|
|
TTHORON
|
—Thai Overnight Repurchase Rate
|
|
USD
|
—U.S. Dollar
|
|
WIBOR
|
—Warsaw Interbank Offered Rate
|
|
ZAR
|
—South African Rand
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Investments in Securities
|
|
|
|
|
|
Non-U.S. Dollar Denominated Bonds & Notes
|
$—
|
$84,277,695
|
$—
|
$84,277,695
|
|
U.S. Dollar Denominated Bonds & Notes
|
—
|
118,154
|
—
|
118,154
|
|
Money Market Funds
|
15,920,443
|
—
|
—
|
15,920,443
|
|
Options Purchased
|
—
|
604,338
|
—
|
604,338
|
|
Total Investments in Securities
|
15,920,443
|
85,000,187
|
—
|
100,920,630
|
|
Other Investments - Assets*
|
|
|
|
|
|
Forward Foreign Currency Contracts
|
—
|
1,753,543
|
—
|
1,753,543
|
|
Swap Agreements
|
—
|
334,127
|
—
|
334,127
|
|
|
—
|
2,087,670
|
—
|
2,087,670
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Forward Foreign Currency Contracts
|
—
|
(1,793,358
)
|
—
|
(1,793,358
)
|
|
Options Written
|
—
|
(396,555
)
|
—
|
(396,555
)
|
|
Swap Agreements
|
—
|
(213,252
)
|
—
|
(213,252
)
|
|
|
—
|
(2,403,165
)
|
—
|
(2,403,165
)
|
|
Total Other Investments
|
—
|
(315,495
)
|
—
|
(315,495
)
|
|
Total Investments
|
$15,920,443
|
$84,684,692
|
$—
|
$100,605,135
|
|
*
|
Forward foreign currency contracts and swap agreements are valued at unrealized appreciation
(depreciation). Options written are shown at value.
|