EMD-Q3
 
Quarterly Report
April 30, 2026
MFS®  Emerging Markets
Debt Fund  
 
Portfolio of Investments
4/30/26 (unaudited)
The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by jurisdiction. 
Issuer
 
 
Shares/Par
Value ($)
Bonds – 94.8%
Angola – 2.2%
Azule Energy Finance PLC, 8.125%, 1/23/2030
 
$
6,199,000
$6,379,348
Azule Energy Finance PLC, 8.25%, 1/22/2031 (n)
 
 
12,028,000
12,393,620
Azule Energy Finance PLC, 8.625%, 1/22/2033 (n)
 
 
13,669,000
14,146,568
Republic of Angola, 9.375%, 3/31/2033 (n)
 
 
26,828,000
28,374,975
Republic of Angola, 9.875%, 3/31/2037 (n)
 
 
21,924,000
23,306,245
Republic of Angola, 9.375%, 5/08/2048
 
 
16,803,000
16,349,392
Republic of Angola, 9.125%, 11/26/2049
 
 
44,926,000
42,849,948
Sonangol Finance Ltd. (Republic of Angola), 10%, 1/29/2031 (n)
 
 
25,331,000
25,851,858
 
 
 
$169,651,954
Argentina – 3.7%
City of Buenos Aires, 7.8%, 11/26/2033 (n)
 
$
11,206,000
$11,615,803
Province of Córdoba, 8.6%, 2/03/2035 (n)
 
 
18,441,000
17,818,616
Republic of Argentina, 8.1%, 12/11/2034 (n)
 
 
16,782,000
16,446,360
Republic of Argentina, 4.125%, 7/09/2035
 
 
115,582,000
86,108,590
Republic of Argentina, 5%, 1/09/2038
 
 
88,037,000
68,272,694
Republic of Argentina, 3.5%, 7/09/2041
 
 
111,745,000
76,992,305
 
 
 
$277,254,368
Bahamas – 0.3%
Commonwealth of Bahamas, 8.95%, 10/15/2032
 
$
10,215,000
$11,410,155
Commonwealth of Bahamas, 8.25%, 6/24/2036 (n)
 
 
6,847,000
7,616,877
 
 
 
$19,027,032
Barbados – 0.3%
Republic of Barbados, 8%, 6/26/2035 (n)
 
$
21,002,000
$22,495,242
Benin – 0.5%
Benin Sukuk S.A., 6.2%, 1/29/2033 (n)
 
$
10,847,000
$10,290,825
Republic of Benin, 7.96%, 2/13/2038 (n)
 
 
14,701,000
15,109,051
Republic of Benin, 7.96%, 2/13/2038
 
 
1,600,000
1,644,411
Republic of Benin, 8.375%, 1/23/2041
 
 
600,000
623,750
Republic of Benin, 8.375%, 1/23/2041 (n)
 
 
9,873,000
10,263,802
 
 
 
$37,931,839
Bermuda – 0.6%
Government of Bermuda, 2.375%, 8/20/2030 (n)
 
$
16,326,000
$14,842,620
Government of Bermuda, 2.375%, 8/20/2030
 
 
11,333,000
10,303,284
Government of Bermuda, 5%, 7/15/2032 (n)
 
 
15,292,000
15,340,935
Government of Bermuda, 5%, 7/15/2032
 
 
2,100,000
2,106,720
Government of Bermuda, 3.375%, 8/20/2050 (n)
 
 
5,908,000
4,155,096
Government of Bermuda, 3.375%, 8/20/2050
 
 
1,548,000
1,088,708
 
 
 
$47,837,363
Brazil – 2.4%
Aegea Finance S.à r.l., 7.625%, 1/20/2036 (n)
 
$
21,173,000
$15,376,892
Ambipar Lux S.à r.l., 10.875%, 2/05/2033 (a)(d)(z)
 
 
11,224,000
1,655,540
Banco do Brasil S.A. (Cayman Branch), 5.625%, 10/23/2031 (n)
 
 
18,827,000
18,714,038
Federative Republic of Brazil, 10%, 1/01/2029
 
BRL
128,698,000
24,023,503
Federative Republic of Brazil, 10%, 1/01/2035
 
 
95,737,000
15,820,830
Federative Republic of Brazil, 6.25%, 5/22/2036
 
$
20,814,000
20,699,523
Federative Republic of Brazil, 7.25%, 1/12/2056
 
 
17,100,000
17,166,690
MC Brazil Downstream Trading S.à r.l., 7.25%, 6/30/2031 (n)
 
 
9,966,948
9,320,217
MC Brazil Downstream Trading S.à r.l., 7.25%, 6/30/2031
 
 
1,993,571
1,864,213
1
Portfolio of Investments (unaudited) – continued
Issuer
 
 
Shares/Par
Value ($)
Bonds – continued
Brazil – 2.4%
Nova Securitisation S.à r.l., 5.75%, 2/03/2031 (n)
 
$
20,922,000
$20,379,285
Raizen Fuels Finance S.A., 6.25%, 7/08/2032 (a)(n)
 
 
15,584,000
8,532,240
Raizen Fuels Finance S.A., 6.25%, 7/08/2032
 
 
5,233,000
2,865,068
Samarco Mineracao S.A., 4% Cash + 5% PIK to 12/30/2026, (5.5% Cash + 3.5% PIK) to 12/30/2027, 9.25% Cash to
12/30/2029, 9.5% Cash to 6/30/2031 (p)
 
 
26,244,077
26,329,790
 
 
 
$182,747,829
Bulgaria – 0.6%
Bulgarian Energy Holding EAD, 2.45%, 7/22/2028
 
EUR
21,617,000
$24,488,473
Bulgarian Energy Holding EAD, 4.25%, 6/19/2030
 
 
15,096,000
17,474,132
 
 
 
$41,962,605
Cameroon – 0.2%
Republic of Cameroon, 8.875%, 1/30/2033
 
$
14,971,000
$14,628,606
Canada – 0.1%
Capstone Copper Corp., 6.75%, 3/31/2033 (n)
 
$
10,700,000
$10,889,187
Chile – 4.4%
AES Andes S.A., 6.25%, 3/14/2032 (n)
 
$
7,522,000
$7,789,091
AES Andes S.A., 8.15% to 6/10/2030, FLR (CMT - 5yr. + 3.835%) to 6/10/2035, FLR (CMT - 5yr. + 4.085%) to
6/10/2050, FLR (CMT - 5yr. + 4.835%) to 6/10/2055 (n)
 
 
17,774,000
18,686,608
Alfa Desarrollo S.p.A., 4.55%, 9/27/2051 (n)
 
 
6,898,425
5,471,198
Alfa Desarrollo S.p.A., 4.55%, 9/27/2051
 
 
15,394,680
12,209,647
Banco Santander Chile, 4.55%, 11/20/2030 (n)
 
 
17,784,000
17,615,052
Chile Electricity Lux MPC II S.à r.l., 6.01%, 1/20/2033 (n)
 
 
8,333,400
8,648,652
Chile Electricity Lux MPC II S.à r.l., 5.58%, 10/20/2035 (n)
 
 
12,835,618
13,111,584
Chile Electricity Lux MPC II S.à r.l., 5.672%, 10/20/2035 (n)
 
 
15,794,129
16,144,426
Chile Electricity Lux MPC S.à r.l., 6.01%, 1/20/2033
 
 
6,413,880
6,656,517
Chile Electricity Lux MPC S.à r.l., 5.58%, 10/20/2035
 
 
391,002
399,408
Chile Electricity PEC S.p.A., 0%, 1/25/2028
 
 
6,081,283
5,585,658
Codelco, Inc. (Republic of Chile), 6.33%, 1/13/2035
 
 
500,000
529,750
Codelco, Inc. (Republic of Chile), 6.33%, 1/13/2035 (n)
 
 
13,663,000
14,475,948
Codelco, Inc. (Republic of Chile), 5.529%, 1/30/2037 (n)
 
 
17,680,000
17,554,472
Codelco, Inc. (Republic of Chile), 6.78%, 1/13/2055 (n)
 
 
17,198,000
18,397,045
Codelco, Inc. (Republic of Chile), 6.78%, 1/13/2055
 
 
500,000
534,860
Colbun S.A., 5.375%, 9/11/2035 (n)
 
 
20,279,000
20,101,559
Colbun S.A., 5.375%, 9/11/2035
 
 
500,000
495,625
Empresa Nacional del Petroleo (Republic of Chile), 5.25%, 11/06/2029
 
 
12,757,000
12,894,941
Empresa Nacional del Petroleo (Republic of Chile), 6.15%, 5/10/2033 (n)
 
 
13,677,000
14,413,753
Empresa Nacional del Petroleo (Republic of Chile), 6.15%, 5/10/2033
 
 
500,000
526,934
Empresa Nacional del Petroleo (Republic of Chile), 5.95%, 7/30/2034 (n)
 
 
18,487,000
19,108,699
Empresa Nacional del Petroleo (Republic of Chile), 5.95%, 7/30/2034
 
 
900,000
930,266
ENGIE Energía Chile S.A., 3.4%, 1/28/2030 (n)
 
 
8,183,000
7,745,285
ENGIE Energía Chile S.A., 3.4%, 1/28/2030
 
 
15,864,000
15,015,422
Republic of Chile, 3.875%, 4/14/2036
 
EUR
17,835,000
20,481,667
Republic of Chile, 5.65%, 1/13/2037
 
$
32,157,000
33,631,398
Republic of Chile, 3.1%, 5/07/2041
 
 
8,948,000
6,840,746
Republic of Chile, 4.34%, 3/07/2042
 
 
8,431,000
7,433,613
Sociedad Transmisora Metropolitana S.p.A., 6.385%, 12/15/2055 (n)
 
 
13,349,000
13,549,235
 
 
 
$336,979,059
China – 0.7%
CFAMC III Co. Ltd. (People's Republic of China), 4.25%, 11/07/2027
 
$
18,507,000
$18,394,577
CFMAC IV Co. Ltd. (People's Republic of China), 4.5%, 5/29/2029
 
 
5,011,000
4,981,822
Meituan, 4.5%, 5/05/2031 (n)
 
 
18,186,000
17,730,068
2
Portfolio of Investments (unaudited) – continued
Issuer
 
 
Shares/Par
Value ($)
Bonds – continued
China – 0.7%
Prosus N.V., 4.027%, 8/03/2050
 
$
10,063,000
$6,948,957
Prosus N.V., 3.832%, 2/08/2051
 
 
11,108,000
7,369,038
 
 
 
$55,424,462
Colombia – 3.2%
Ecopetrol S.A. (Republic of Colombia), 8.875%, 1/13/2033
 
$
10,721,000
$11,514,715
Ecopetrol S.A. (Republic of Colombia), 8.375%, 1/19/2036
 
 
18,236,000
18,895,670
Grupo Energia Bogota S.A. ESP (Republic of Colombia), 5.75%, 10/22/2035 (n)
 
 
5,523,000
5,384,925
Republic of Colombia, 5.375%, 1/21/2029
 
 
11,800,000
11,698,520
Republic of Colombia, 7.375%, 4/25/2030
 
 
7,121,000
7,455,687
Republic of Colombia, 6.125%, 1/21/2031
 
 
15,946,000
15,909,324
Republic of Colombia, 5%, 9/19/2032
 
EUR
16,050,000
18,032,978
Republic of Colombia, 6.5%, 1/21/2033
 
$
31,076,000
30,967,234
Republic of Colombia, 8%, 4/20/2033
 
 
7,692,000
8,265,054
Republic of Colombia, 5.75%, 11/26/2034
 
EUR
16,450,000
18,715,275
Republic of Colombia, 5.625%, 2/19/2036
 
 
18,861,000
20,935,078
Republic of Colombia, 7.75%, 11/07/2036
 
$
51,082,000
53,814,887
SierraCol Energy Andina LLC/SierraCol Energy, 9%, 11/14/2030 (n)
 
 
15,664,000
15,883,296
Termocandelaria Power S.A., 7.75%, 9/17/2031 (n)
 
 
3,939,000
4,050,080
Termocandelaria Power S.A., 7.75%, 9/17/2031
 
 
200,000
205,640
 
 
 
$241,728,363
Costa Rica – 1.7%
Republic of Costa Rica, 6.55%, 4/03/2034 (n)
 
$
11,134,000
$11,957,916
Republic of Costa Rica, 6.55%, 4/03/2034
 
 
6,163,000
6,619,062
Republic of Costa Rica, 7%, 4/04/2044
 
 
20,502,000
22,379,983
Republic of Costa Rica, 7.158%, 3/12/2045
 
 
18,050,000
19,840,560
Republic of Costa Rica, 7.3%, 11/13/2054 (n)
 
 
42,771,000
48,117,375
Republic of Costa Rica, 7.3%, 11/13/2054
 
 
18,881,000
21,241,125
 
 
 
$130,156,021
Cote d'Ivoire – 1.9%
Republic of Cote d'Ivoire, 7.625%, 1/30/2033 (n)
 
$
21,007,000
$22,061,018
Republic of Cote d'Ivoire, 7.625%, 1/30/2033
 
 
1,442,000
1,514,352
Republic of Cote d'Ivoire, 6.125%, 6/15/2033
 
 
7,868,000
7,674,701
Republic of Cote d'Ivoire, 8.075%, 4/01/2036 (n)
 
 
23,899,000
25,338,985
Republic of Cote d'Ivoire, 8.075%, 4/01/2036
 
 
1,500,000
1,590,379
Republic of Cote d'Ivoire, 8.25%, 1/30/2037 (n)
 
 
27,063,000
28,984,570
Republic of Cote d'Ivoire, 8.25%, 1/30/2037
 
 
27,732,000
29,701,072
Republic of Cote d'Ivoire, 6.75%, 2/25/2041 (n)
 
 
27,440,000
25,262,173
 
 
 
$142,127,250
Czech Republic – 1.1%
CEZ A.S. (Czech Republic), 4.25%, 6/11/2032
 
EUR
11,995,000
$14,209,069
CEZ A.S. (Czech Republic), 4.125%, 4/30/2033
 
 
8,674,000
10,177,235
Czech Republic, 3.75%, 7/28/2030
 
 
10,299,000
12,185,509
Czech Republic, 4.5%, 11/11/2032
 
CZK
319,290,000
15,237,790
Czech Republic, 4.9%, 4/14/2034
 
 
441,950,000
21,475,781
EP Infrastructure A.S., 2.045%, 10/09/2028
 
EUR
3,891,000
4,411,324
EP Infrastructure A.S., 1.816%, 3/02/2031
 
 
8,684,000
9,145,248
 
 
 
$86,841,956
Dominican Republic – 1.4%
Aeropuertos Dominicanos Siglo XXI S.A., 7%, 6/30/2034 (n)
 
$
13,176,000
$13,679,455
Dominican Republic, 4.875%, 9/23/2032 (n)
 
 
23,309,000
21,967,567
Dominican Republic, 4.875%, 9/23/2032
 
 
56,682,000
53,419,951
3
Portfolio of Investments (unaudited) – continued
Issuer
 
 
Shares/Par
Value ($)
Bonds – continued
Dominican Republic – 1.4%
Dominican Republic, 6.15%, 5/17/2038 (n)
 
$
18,586,000
$18,066,521
 
 
 
$107,133,494
Ecuador – 2.5%
Corporación Quiport S.A., 9%, 12/15/2037 (n)
 
$
7,932,000
$8,590,959
Republic of Ecuador, 8.75%, 1/29/2034 (n)
 
 
26,828,000
27,364,560
Republic of Ecuador, 6.9%, 7/31/2035
 
 
80,079,308
73,873,162
Republic of Ecuador, 9.25%, 1/29/2039 (n)
 
 
27,858,000
28,833,030
Republic of Ecuador, 5%, 7/31/2040
 
 
58,053,000
48,474,255
 
 
 
$187,135,966
Egypt – 1.6%
Arab Republic of Egypt, 0%, 7/21/2026
 
EGP
1,046,000,000
$18,565,704
Arab Republic of Egypt, 0%, 8/04/2026
 
 
1,072,825,000
18,892,996
Arab Republic of Egypt, 7.052%, 1/15/2032
 
$
15,494,000
15,218,424
Arab Republic of Egypt, 7.3%, 9/30/2033
 
 
2,992,000
2,892,477
Arab Republic of Egypt, 8.5%, 1/31/2047
 
 
32,586,000
29,626,482
Arab Republic of Egypt, 8.7%, 3/01/2049
 
 
20,279,000
18,797,679
Egyptian Financial Co. for Sovereign Taskeek, 6.375%, 4/07/2029 (n)
 
 
13,935,000
13,848,798
 
 
 
$117,842,560
El Salvador – 0.3%
Comisión Ejecutiva Hidroeléctrica del Río Lempa (Republic of El Salvador), 8.65%, 1/24/2033 (n)
 
$
14,596,000
$15,493,654
Republic of El Salvador, 8.625%, 2/28/2029
 
 
1,527,000
1,623,033
Republic of El Salvador, 7.65%, 6/15/2035
 
 
797,000
815,969
Republic of El Salvador, 9.65%, 11/21/2054 (n)
 
 
4,955,000
5,568,429
 
 
 
$23,501,085
Ghana – 0.3%
Republic of Ghana, 5%, 7/03/2035 (n)
 
$
21,364,610
$19,581,185
Guatemala – 2.7%
Central American Bottling Corp., 5.25%, 4/27/2029 (n)
 
$
12,764,000
$12,618,628
Central American Bottling Corp., 5.25%, 4/27/2029
 
 
12,508,000
12,365,544
Energuate Trust, 6.35%, 9/15/2035 (n)
 
 
23,440,000
23,487,573
Industrial Subordinated Trust 2.0, 6.55% to 4/15/2031, FLR (CMT - 5yr. + 2.864%) to 4/15/2036 (n)
 
 
19,878,000
20,186,109
Republic of Guatemala, 6.05%, 8/06/2031 (n)
 
 
14,653,000
15,171,716
Republic of Guatemala, 3.7%, 10/07/2033
 
 
16,378,000
14,617,365
Republic of Guatemala, 6.6%, 6/13/2036
 
 
21,741,000
23,306,352
Republic of Guatemala, 6.25%, 8/15/2036 (n)
 
 
29,131,000
30,572,984
Republic of Guatemala, 6.25%, 8/15/2036
 
 
400,000
419,800
Republic of Guatemala, 6.55%, 2/06/2037 (n)
 
 
22,832,000
24,338,912
Republic of Guatemala, 6.55%, 2/06/2037
 
 
5,983,000
6,377,878
Republic of Guatemala, 4.65%, 10/07/2041
 
 
2,862,000
2,499,385
Republic of Guatemala, 6.875%, 8/15/2055 (n)
 
 
16,398,000
17,727,878
Republic of Guatemala, 6.875%, 8/15/2055
 
 
1,400,000
1,513,540
 
 
 
$205,203,664
Honduras – 0.3%
Government of Honduras, 8.625%, 11/27/2034
 
$
21,966,000
$25,185,557
Hungary – 4.2%
Hungarian Development Bank, 4.375%, 6/27/2030
 
EUR
11,652,000
$13,936,553
Hungarian Development Bank PLC, 6.5%, 6/29/2028
 
$
11,181,000
11,552,259
Magyar Export-Import Bank PLC (Republic of Hungary), 6.125%, 12/04/2027 (n)
 
 
8,882,000
9,063,701
MVM Energetika Zartkoruen Mukodo Reszvenytarsasag (Republic of Hungary), 0.875%, 11/18/2027
 
EUR
16,400,000
18,543,858
4
Portfolio of Investments (unaudited) – continued
Issuer
 
 
Shares/Par
Value ($)
Bonds – continued
Hungary – 4.2%
MVM Energetika Zartkoruen Mukodo Reszvenytarsasag (Republic of Hungary), 6.5%, 3/13/2031
 
$
17,344,000
$18,134,351
OTP Bank Nyrt., 7.3% to 7/30/2030, FLR (CMT - 5yr. + 2.861%) to 7/30/2035
 
 
3,078,000
3,224,241
Republic of Hungary, 5.25%, 6/16/2029 (n)
 
 
11,977,000
12,167,218
Republic of Hungary, 5.375%, 9/26/2030 (n)
 
 
15,896,000
16,246,815
Republic of Hungary, 6.75%, 7/23/2031
 
HUF
5,831,600,000
19,467,390
Republic of Hungary, 5.5%, 6/16/2034 (n)
 
$
27,398,000
27,741,831
Republic of Hungary, 5.5%, 6/16/2034
 
 
4,500,000
4,556,473
Republic of Hungary, 6%, 9/26/2035 (n)
 
 
30,272,000
31,478,715
Republic of Hungary, 5.5%, 3/26/2036 (n)
 
 
21,286,000
21,302,194
Republic of Hungary, 5.5%, 3/26/2036
 
 
30,294,000
30,317,047
Republic of Hungary, 6.25%, 9/23/2037
 
HUF
4,206,020,000
13,723,759
Republic of Hungary, 4.875%, 3/25/2038
 
EUR
13,349,000
16,105,071
Republic of Hungary, 3%, 10/27/2038
 
HUF
4,720,200,000
11,222,060
Republic of Hungary, 6.75%, 9/23/2055 (n)
 
$
17,407,000
18,573,369
Republic of Hungary, 6.75%, 9/23/2055
 
 
21,769,000
23,227,649
 
 
 
$320,584,554
India – 3.4%
Adani Transmission Step-One Ltd., 4.25%, 5/21/2036 (n)
 
$
10,143,245
$9,215,827
Adani Transmission Step-One Ltd., 4.25%, 5/21/2036
 
 
12,633,670
11,478,547
Biocon Biologics Global PLC, 6.67%, 10/09/2029 (n)
 
 
17,377,000
17,460,294
Biocon Biologics Global PLC, 6.67%, 10/09/2029
 
 
500,000
502,397
Export-Import Bank of India, 2.25%, 1/13/2031 (n)
 
 
19,816,000
17,757,918
Export-Import Bank of India, 5.5%, 1/18/2033 (n)
 
 
18,004,000
18,490,568
Export-Import Bank of India, 5.5%, 1/18/2033
 
 
600,000
616,215
Export-Import Bank of India, 5.5%, 1/13/2035
 
 
500,000
511,214
Export-Import Bank of India, 5.5%, 1/13/2035 (n)
 
 
19,508,000
19,945,537
Export-Import Bank of India, 5%, 1/12/2036 (n)
 
 
24,888,000
24,576,394
Export-Import Bank of India, 5.75%, 1/12/2056 (n)
 
 
11,138,000
11,118,270
Indian Railway Finance Corp., 2.8%, 2/10/2031 (n)
 
 
19,386,000
17,742,288
Indian Railway Finance Corp., 2.8%, 2/10/2031
 
 
9,799,000
8,968,156
IRB Infrastructure Developers Ltd., 7.11%, 3/11/2032 (n)
 
 
17,116,000
17,548,580
JSW Hydro Energy Ltd., 4.125%, 5/18/2031
 
 
11,154,055
10,488,733
Muthoot Finance Ltd., 6.375%, 3/02/2030 (n)
 
 
17,876,000
18,004,124
Muthoot Finance Ltd., 5.75%, 8/04/2030 (n)
 
 
21,371,000
21,190,037
Renew Treasury IFSC Private Ltd., 6.5%, 2/02/2031 (n)
 
 
1,076,000
1,071,749
State Bank of India (London), 4.5%, 9/09/2030
 
 
16,997,000
16,858,955
UPL Ltd., 4.625%, 6/16/2030
 
 
7,158,000
6,567,491
Varanasi Aurangabad NH-2 Tollway Private Ltd., 5.9%, 2/28/2034 (n)
 
 
6,030,695
6,202,982
Varanasi Aurangabad NH-2 Tollway Private Ltd., 5.9%, 2/28/2034
 
 
394,020
405,276
 
 
 
$256,721,552
Indonesia – 1.7%
PT Bank Mandiri Tbk (Republic of Indonesia), 5.25%, 4/10/2031
 
$
18,571,000
$18,764,445
PT Pertamina Hulu Energi (Republic of Indonesia), 5.25%, 5/21/2030 (n)
 
 
19,474,000
19,673,009
PT Perusahaan Listrik Negara (Republic of Indonesia), 5.45%, 2/03/2036 (n)
 
 
23,453,000
22,816,522
PT Sorik Marapi Geothermal Power, 7.75%, 8/05/2031 (n)
 
 
12,826,342
13,052,079
Republic of Indonesia, 4.85%, 1/11/2033
 
 
17,504,000
17,414,106
Republic of Indonesia, 4.1%, 3/04/2034
 
EUR
13,043,000
14,995,461
Republic of Indonesia, 4.46%, 3/04/2038
 
 
10,898,000
12,424,810
Star Energy Geothermal (Wayang Windu) Ltd., 6.75%, 4/24/2033 (n)
 
$
5,934,625
6,033,728
 
 
 
$125,174,160
5
Portfolio of Investments (unaudited) – continued
Issuer
 
 
Shares/Par
Value ($)
Bonds – continued
Israel – 1.0%
Bank Hapoalim B.M., 5.252%, 1/14/2033 (n)
 
$
16,111,000
$16,013,893
Israel Electric Corp. Ltd., 5.633%, 1/28/2038 (n)
 
 
16,785,000
16,680,933
Mizrahi Tefahot Bank Ltd., 5.836% to 4/15/2031, FLR (CMT - 5yr. + 2.1%) to 4/15/2036 (n)
 
 
18,144,000
18,279,997
State of Israel, 5%, 1/13/2036
 
 
13,701,000
13,294,856
State of Israel, 5.875%, 1/13/2056
 
 
13,950,000
13,364,217
 
 
 
$77,633,896
Jamaica – 0.3%
Kingston Airport Revenue Ltd., 6.75%, 12/15/2036 (n)
 
$
7,238,000
$7,335,713
Montego Bay Airport Revenue Finance Ltd., 6.6%, 6/15/2035 (n)
 
 
16,392,000
16,269,060
 
 
 
$23,604,773
Kazakhstan – 2.3%
Baiterek National Investment Holding JSC (Republic of Kazakhstan), 5.45%, 5/08/2028 (n)
 
$
15,026,000
$15,201,541
Baiterek National Investment Holding JSC (Republic of Kazakhstan), 5.45%, 5/08/2028
 
 
500,000
505,841
Baiterek National Investment Holding JSC (Republic of Kazakhstan), 4.65%, 10/01/2030 (n)
 
 
26,574,000
26,301,640
Baiterek National Investment Holding JSC (Republic of Kazakhstan), 4.65%, 10/01/2030
 
 
10,577,000
10,468,595
Baiterek National Investment Holding JSC (Republic of Kazakhstan), 5.2%, 5/06/2033 (n)(w)
 
 
19,778,000
19,586,648
Development Bank of Kazakhstan JSC, 2.95%, 5/06/2031
 
 
4,329,000
3,924,619
JSC National Co. Kazakhstan Temir Zholy, 4.875%, 4/29/2031 (n)
 
 
13,348,000
13,161,412
JSC National Co. Kazakhstan Temir Zholy, 5.25%, 4/29/2036 (n)
 
 
12,091,000
11,822,382
JSC National Co. QazaqGaz (Republic of Kazakhstan), 5.625%, 5/08/2036 (n)(w)
 
 
17,823,000
17,465,792
Kaspi.kz JSC, 6.25%, 3/26/2030 (n)
 
 
18,310,000
18,542,992
Kaspi.kz JSC, 5.9%, 4/28/2031 (n)
 
 
14,432,000
14,383,226
Republic of Kazakhstan, 5%, 7/01/2032 (n)
 
 
21,362,000
21,549,763
 
 
 
$172,914,451
Kenya – 0.2%
Republic of Kenya, 8.7%, 2/26/2039 (n)
 
$
16,381,000
$15,439,206
Kuwait – 0.3%
NBK SPC Ltd. (State of Kuwait), 1.625% to 9/15/2026, FLR (SOFR - 1 day + 1.05%) to 9/15/2027 (n)
 
$
12,571,000
$12,406,949
NBK SPC Ltd. (State of Kuwait), 5.5% to 6/06/2029, FLR (SOFR - 1 day + 1.16%) to 6/06/2030 (n)
 
 
12,754,000
13,021,732
 
 
 
$25,428,681
Latvia – 0.2%
Latvenergo A.S. (Republic of Latvia), 3.612%, 11/13/2030
 
EUR
14,266,000
$16,459,227
Luxembourg – 0.4%
Maxam Prill S.à r.l., 7.75%, 7/15/2030 (n)
 
$
21,461,000
$22,180,008
PLT VII Finance S.à r.l., 6%, 6/15/2031 (n)
 
EUR
8,987,000
10,784,627
 
 
 
$32,964,635
Macau – 0.2%
Wynn Macau Ltd., 6.75%, 2/15/2034 (n)
 
$
15,546,000
$15,579,724
Wynn Macau Ltd., 6.75%, 2/15/2034
 
 
600,000
601,301
 
 
 
$16,181,025
Malaysia – 1.1%
Dua Capital Ltd. (Federation of Malaysia), 2.78%, 5/11/2031
 
$
14,629,000
$13,421,756
PETRONAS Capital Ltd. (Federation of Malaysia), 4.95%, 1/03/2031 (n)
 
 
30,439,000
31,170,640
PETRONAS Capital Ltd. (Federation of Malaysia), 4.95%, 1/03/2031
 
 
500,000
512,018
PETRONAS Capital Ltd. (Federation of Malaysia), 5.34%, 4/03/2035 (n)
 
 
32,344,000
33,389,553
PETRONAS Capital Ltd. (Federation of Malaysia), 5.848%, 4/03/2055 (n)
 
 
7,051,000
7,315,424
 
 
 
$85,809,391
6
Portfolio of Investments (unaudited) – continued
Issuer
 
 
Shares/Par
Value ($)
Bonds – continued
Mexico – 5.9%
BBVA Bancomer S.A. (Texas), 7.625%, 2/11/2035
 
$
400,000
$416,680
BBVA Bancomer S.A. (Texas), 8.45%, 6/29/2038
 
 
1,300,000
1,431,338
BBVA Bancomer S.A. (Texas), 8.125%, 1/08/2039 (n)
 
 
2,918,000
3,159,261
BBVA Bancomer S.A. (Texas), 8.125%, 1/08/2039
 
 
220,000
238,190
BBVA Mexico S.A. (CoCo), 8.45% to 6/29/2033, FLR (CMT - 5yr. + 4.661%) to 6/29/2038 (n)
 
 
12,290,000
13,531,648
BBVA Mexico, S.A. Institucion de Banca Multiple, 7.625%, 2/11/2035 (n)
 
 
10,607,000
11,049,312
CFE FIBRA E Banco Citi Mexico S.A., 5.875%, 9/23/2040 (n)
 
 
18,793,272
18,680,513
Comision Federal de Electricidad (United Mexican States), 6.5%, 1/28/2051 (n)
 
 
10,278,000
10,134,232
Eagle Funding LuxCo S.à r.l. (United Mexican States), 5.5%, 8/17/2030 (n)
 
 
35,701,000
35,975,898
Eagle Funding LuxCo S.à r.l. (United Mexican States), 5.5%, 8/17/2030
 
 
1,400,000
1,410,780
Petroleos Mexicanos, 6.75%, 9/21/2047
 
 
25,970,000
21,873,697
Petroleos Mexicanos, 6.35%, 2/12/2048
 
 
27,677,000
22,245,214
Petroleos Mexicanos, 7.69%, 1/23/2050
 
 
44,365,000
40,574,464
Petroleos Mexicanos, 6.95%, 1/28/2060
 
 
17,291,000
14,398,994
Saavi Energia S.à r.l., 8.875%, 2/10/2035 (n)
 
 
21,003,000
23,361,637
United Mexican States, 3.875%, 5/16/2031
 
EUR
16,685,000
19,288,108
United Mexican States, 5.375%, 3/22/2033
 
$
10,711,000
10,502,671
United Mexican States, 5.625%, 2/09/2034
 
 
34,750,000
34,304,157
United Mexican States, 5.625%, 9/22/2035
 
 
15,460,000
15,127,610
United Mexican States, 6.875%, 5/13/2037
 
 
27,456,000
28,950,979
United Mexican States, 6.625%, 1/29/2038
 
 
16,837,000
17,347,161
United Mexican States, 6.125%, 2/09/2038
 
 
41,867,000
41,295,515
United Mexican States, 6.338%, 5/04/2053
 
 
26,831,000
25,261,386
United Mexican States, 7.375%, 5/13/2055
 
 
16,770,000
17,801,355
United Mexican States, 6.75%, 2/09/2056
 
 
16,818,000
16,532,094
 
 
 
$444,892,894
Mongolia – 0.2%
Government of Mongolia, 5.95%, 3/09/2032 (n)
 
$
12,922,000
$13,013,930
Montenegro – 0.2%
Republic of Montenegro, 7.25%, 3/12/2031
 
$
6,904,000
$7,266,802
Republic of Montenegro, 4.875%, 4/01/2032 (n)
 
EUR
8,573,000
10,089,799
Republic of Montenegro, 4.875%, 4/01/2032
 
 
203,000
238,916
 
 
 
$17,595,517
Morocco – 0.8%
Office Cherifien des Phosphates S.A. (Kingdom of Morocco), 6.75%, 5/02/2034 (n)
 
$
6,957,000
$7,306,075
Office Cherifien des Phosphates S.A. (Kingdom of Morocco), 6.7%, 3/01/2036 (n)
 
 
14,964,000
15,591,971
Office Cherifien des Phosphates S.A. (Kingdom of Morocco), 5.125%, 6/23/2051
 
 
9,090,000
7,267,798
Office Cherifien des Phosphates S.A. (Kingdom of Morocco), 7.5%, 5/02/2054 (n)
 
 
10,287,000
10,969,232
Office Cherifien des Phosphates S.A. (Kingdom of Morocco), 6.74%, 4/22/2174 (n)
 
 
22,612,000
22,513,983
 
 
 
$63,649,059
Nigeria – 2.5%
Dangote Fertliser Ltd., 7.75%, 5/05/2031 (n)
 
$
21,459,000
$21,700,414
Federal Republic of Nigeria, 0%, 6/09/2026
 
NGN
36,667,349,000
26,115,051
Federal Republic of Nigeria, 0%, 6/16/2026
 
 
16,396,024,000
11,609,207
Federal Republic of Nigeria, 0%, 8/11/2026
 
 
31,129,814,000
21,479,446
Federal Republic of Nigeria, 0%, 9/22/2026
 
 
31,129,814,000
20,958,969
Federal Republic of Nigeria, 7.375%, 9/28/2033
 
$
42,769,000
43,731,752
Federal Republic of Nigeria, 8.63%, 1/13/2036 (n)
 
 
13,956,000
15,282,342
Federal Republic of Nigeria, 7.696%, 2/23/2038
 
 
15,439,000
15,797,343
Federal Republic of Nigeria, 9.129%, 1/13/2046 (n)
 
 
13,621,000
15,022,840
 
 
 
$191,697,364
7
Portfolio of Investments (unaudited) – continued
Issuer
 
 
Shares/Par
Value ($)
Bonds – continued
Oman – 1.4%
Al Jawaher Assets Co. SPC (Sultanate of Oman), 4.662%, 10/29/2030 (n)
 
$
19,018,000
$18,692,283
Bank Muscat SAOG, 4.846%, 10/01/2030
 
 
15,211,000
15,001,055
Sultanate of Oman, 6.5%, 3/08/2047
 
 
21,138,000
22,595,493
Sultanate of Oman, 6.75%, 1/17/2048
 
 
25,914,000
28,265,105
Sultanate of Oman, 7%, 1/25/2051
 
 
20,403,000
23,036,406
 
 
 
$107,590,342
Pakistan – 0.3%
Islamic Republic of Pakistan, 6.975%, 4/24/2029 (n)
 
$
21,678,000
$21,323,430
Panama – 1.6%
Republic of Panama, 2.252%, 9/29/2032
 
$
20,420,000
$17,254,900
Republic of Panama, 3.298%, 1/19/2033
 
 
12,207,000
10,899,020
Republic of Panama, 5.227%, 2/23/2034
 
 
21,672,000
21,546,302
Republic of Panama, 6.4%, 2/14/2035
 
 
9,873,000
10,539,428
Republic of Panama, 6.875%, 1/31/2036
 
 
24,199,000
26,606,801
Republic of Panama, 5.662%, 2/23/2038
 
 
17,850,000
17,948,175
Republic of Panama, 8%, 3/01/2038
 
 
13,151,000
15,580,647
 
 
 
$120,375,273
Paraguay – 1.5%
Republic of Paraguay, 8.5%, 3/04/2035 (n)
 
PYG
11,639,000,000
$1,919,312
Republic of Paraguay, 8.5%, 4/04/2038 (z)
 
 
169,369,000,000
27,689,395
Republic of Paraguay, 5.6%, 3/13/2048
 
$
15,853,000
14,782,922
Republic of Paraguay, 5.4%, 3/30/2050
 
 
61,540,000
55,466,002
Republic of Paraguay, 6.65%, 3/04/2055 (n)
 
 
10,777,000
11,367,041
 
 
 
$111,224,672
Peru – 1.8%
Banco de Crédito del Perú, 6.45% to 7/30/2030, FLR (CMT - 5yr. + 2.486%) to 7/30/2035 (n)
 
$
18,076,000
$18,500,786
Banco Internacional del Peru S.A.A. (Interbank), 4.8%, 7/15/2031 (n)
 
 
29,854,000
29,555,460
Corporacion Financiera de Desarrollo S.A. (Republic of Peru), 5.95%, 4/30/2029 (n)
 
 
18,818,000
19,459,694
Corporacion Financiera de Desarrollo S.A. (Republic of Peru), 5.95%, 4/30/2029
 
 
1,300,000
1,344,330
Corporacion Financiera de Desarrollo S.A. (Republic of Peru), 5.5%, 5/06/2030 (n)
 
 
12,608,000
12,871,507
Corporacion Financiera de Desarrollo S.A. (Republic of Peru), 5.5%, 5/06/2030
 
 
500,000
510,450
El Fondo Mivivienda S.A. (Republic of Peru), 5.4%, 3/31/2031 (n)
 
 
21,674,000
21,845,224
Republic of Peru, 6.9%, 8/12/2037
 
PEN
34,054,000
9,827,976
San Miguel Industrias PET S.A., 3.75%, 8/02/2028 (n)
 
$
24,769,000
23,904,562
San Miguel Industrias PET S.A., 3.75%, 8/02/2028
 
 
700,000
675,570
 
 
 
$138,495,559
Philippines – 0.3%
Republic of Philippines, 5%, 1/27/2036
 
$
23,501,000
$23,213,293
Poland – 2.3%
Bank Gospodarstwa Krajowego (Republic of Poland), 5.375%, 5/22/2033 (n)
 
$
9,101,000
$9,280,337
Bank Gospodarstwa Krajowego (Republic of Poland), 5.75%, 7/09/2034 (n)
 
 
13,258,000
13,787,839
Bank Gospodarstwa Krajowego (Republic of Poland), 4.25%, 3/18/2037
 
EUR
20,053,000
23,789,745
Bank Gospodarstwa Krajowego (Republic of Poland), 6.25%, 7/09/2054 (n)
 
$
10,085,000
10,143,078
Republic of Poland, 4.625%, 4/14/2031
 
 
21,890,000
22,025,495
Republic of Poland, 5.125%, 9/18/2034
 
 
11,687,000
11,751,603
Republic of Poland, 5.375%, 2/12/2035
 
 
17,621,000
17,955,624
Republic of Poland, 5.375%, 4/14/2036
 
 
29,866,000
29,991,552
Republic of Poland, 6.125%, 4/14/2056
 
 
31,629,000
31,714,909
 
 
 
$170,440,182
8
Portfolio of Investments (unaudited) – continued
Issuer
 
 
Shares/Par
Value ($)
Bonds – continued
Qatar – 0.4%
CBQ Finance Ltd., 5.375%, 3/28/2029
 
$
17,691,000
$17,912,370
QNB Finance Ltd. (State of Qatar), 2.75%, 2/12/2027
 
 
11,978,000
11,815,794
 
 
 
$29,728,164
Republic of Congo – 0.3%
Republic of Congo, 8.75%, 4/16/2032 (n)
 
$
9,453,000
$9,635,894
Republic of Congo, 9.5%, 4/16/2037 (n)
 
 
11,438,000
11,671,494
 
 
 
$21,307,388
Romania – 3.1%
Republic of Romania, 2%, 1/28/2032
 
EUR
15,478,000
$15,347,505
Republic of Romania, 7.125%, 1/17/2033
 
$
9,530,000
10,095,412
Republic of Romania, 4.625%, 3/04/2033 (n)
 
EUR
23,878,000
26,498,337
Republic of Romania, 6.375%, 1/30/2034 (n)
 
$
30,488,000
30,797,975
Republic of Romania, 6.375%, 1/30/2034
 
 
400,000
404,067
Republic of Romania, 6%, 5/25/2034 (n)
 
 
21,156,000
20,911,114
Republic of Romania, 6%, 5/25/2034
 
 
500,000
494,212
Republic of Romania, 5.75%, 3/24/2035
 
 
15,018,000
14,437,928
Republic of Romania, 6.625%, 5/16/2036 (n)
 
 
28,580,000
28,845,104
Republic of Romania, 6.625%, 5/16/2036
 
 
8,722,000
8,802,904
Republic of Romania, 5.75%, 7/04/2036 (n)
 
 
26,528,000
24,993,074
Republic of Romania, 7.5%, 2/10/2037 (n)
 
 
14,480,000
15,443,026
Republic of Romania, 7.5%, 2/10/2037
 
 
900,000
959,857
Republic of Romania, 4.125%, 3/11/2039
 
EUR
14,953,000
14,129,231
Republic of Romania, 6.75%, 7/11/2039 (n)
 
 
6,441,000
7,649,539
Republic of Romania, 6.5%, 10/07/2045 (n)
 
 
15,576,000
17,627,013
Republic of Romania, 6.5%, 10/07/2045
 
 
500,000
565,839
 
 
 
$238,002,137
Saudi Arabia – 3.6%
Al Rajhi Bank, 4.865%, 5/19/2030
 
$
8,149,000
$8,146,427
Almarai Sukuk Ltd., 4.45%, 9/24/2030
 
 
19,151,000
18,806,244
Avilease Capital Ltd. (Kingdom of Saudi Arabia), 4.75%, 11/12/2030 (n)
 
 
22,832,000
22,371,640
Kingdom of Saudi Arabia, 4.375%, 1/12/2031 (n)
 
 
17,561,000
17,311,309
Kingdom of Saudi Arabia, 4.875%, 1/12/2036 (n)
 
 
19,289,000
18,958,245
Kingdom of Saudi Arabia, 4.625%, 10/04/2047
 
 
17,572,000
14,652,379
Kingdom of Saudi Arabia, 3.25%, 11/17/2051 (n)
 
 
13,710,000
8,781,953
Kingdom of Saudi Arabia, 5.875%, 1/12/2056 (n)
 
 
23,534,000
22,644,295
Ma'aden Sukuk Ltd. (Kingdom of Saudi Arabia), 5.25%, 2/13/2030 (n)
 
 
17,955,000
18,171,278
Ma'aden Sukuk Ltd. (Kingdom of Saudi Arabia), 5.25%, 1/29/2036 (n)
 
 
29,391,000
28,974,656
SA Global Sukuk Ltd. (Kingdom of Saudi Arabia), 4.125%, 9/17/2030 (n)
 
 
23,725,000
22,996,418
Saudi Arabian Oil Co., 5%, 2/02/2036 (n)
 
 
18,090,000
17,783,508
Saudi Electricity Sukuk Programme Co., 5.225%, 2/18/2030
 
 
17,152,000
17,398,275
SNB Funding Ltd., 6% to 6/24/2030, FLR (CMT - 5yr. + 2%) to 6/24/2035
 
 
13,937,000
13,991,616
STC Sukuk Co. II Ltd. (Kingdom of Saudi Arabia), 4.489%, 1/15/2031 (n)
 
 
12,462,000
12,303,002
STC Sukuk Co. II Ltd. (Kingdom of Saudi Arabia), 5.083%, 1/15/2036 (n)
 
 
12,529,000
12,449,682
 
 
 
$275,740,927
Serbia – 1.2%
Republic of Serbia, 6.25%, 5/26/2028 (n)
 
$
7,109,000
$7,294,624
Republic of Serbia, 6%, 6/12/2034 (n)
 
 
29,071,000
29,840,778
Republic of Serbia, 6%, 6/12/2034
 
 
8,837,000
9,070,997
Republic of Serbia, 5.5%, 5/06/2036 (n)(w)
 
 
27,398,000
26,692,645
Telecommunications Co. (Republic of Serbia), 7%, 10/28/2029 (n)
 
 
20,436,000
20,462,490
 
 
 
$93,361,534
9
Portfolio of Investments (unaudited) – continued
Issuer
 
 
Shares/Par
Value ($)
Bonds – continued
Singapore – 0.4%
United Overseas Bank Ltd., 2% to 10/14/2026, FLR (CMT - 5yr. + 1.23%) to 10/14/2031 (n)
 
$
17,469,000
$17,264,360
United Overseas Bank Ltd., 2% to 10/14/2026, FLR (CMT - 1yr. + 1.23%) to 10/14/2031
 
 
1,800,000
1,778,914
United Overseas Bank Ltd., 3.863% to 10/07/2027, FLR (CMT - 5yr. + 1.45%) to 10/07/2032 (n)
 
 
9,368,000
9,276,718
United Overseas Bank Ltd., 3.863% to 10/07/2027, FLR (CMT - 5yr. + 1.45%) to 10/07/2032
 
 
1,400,000
1,386,359
 
 
 
$29,706,351
Slovenia – 0.2%
United Group B.V., 6.25%, 1/31/2032 (n)
 
EUR
13,177,000
$15,485,150
South Africa – 3.3%
Eskom Holdings SOC Ltd. (Republic of South Africa), 6.35%, 8/10/2028
 
$
11,554,000
$11,749,280
Republic of South Africa, 7.1%, 11/19/2036 (n)
 
 
10,364,000
10,825,894
Republic of South Africa, 7.1%, 11/19/2036
 
 
500,000
522,284
Republic of South Africa, 6.125%, 12/11/2037 (n)
 
 
30,028,000
28,604,733
Republic of South Africa, 6.125%, 12/11/2037
 
 
500,000
476,301
Republic of South Africa, 9%, 1/31/2040
 
ZAR
123,593,000
7,252,052
Republic of South Africa, 6.5%, 2/28/2041
 
 
713,988,000
33,214,924
Republic of South Africa, 8.75%, 1/31/2044
 
 
308,799,000
17,474,524
Republic of South Africa, 5.375%, 7/24/2044
 
$
13,910,000
11,251,526
Republic of South Africa, 5.65%, 9/27/2047
 
 
14,041,000
11,326,370
Republic of South Africa, 6.3%, 6/22/2048
 
 
8,323,000
7,232,097
Republic of South Africa, 5.75%, 9/30/2049
 
 
19,467,000
15,719,860
Republic of South Africa, 7.3%, 4/20/2052
 
 
41,431,000
39,734,116
Republic of South Africa, 7.95%, 11/19/2054 (n)
 
 
23,555,000
24,020,791
Republic of South Africa, 7.95%, 11/19/2054
 
 
500,000
509,887
Republic of South Africa, 7.25%, 12/11/2055 (n)
 
 
31,380,000
29,573,297
 
 
 
$249,487,936
Sri Lanka – 1.0%
Republic of Sri Lanka, 4%, 4/15/2028 (n)
 
$
2,674,361
$2,552,033
Republic of Sri Lanka, 3.1%, 1/15/2030 (n)
 
 
4,339,176
4,124,782
Republic of Sri Lanka, 3.35%, 3/15/2033 (n)
 
 
48,947,898
43,671,287
Republic of Sri Lanka, 3.6%, 6/15/2035 (n)
 
 
13,858,032
10,668,481
Republic of Sri Lanka, 3.6%, 5/15/2036 (n)
 
 
15,956,609
14,983,096
 
 
 
$75,999,679
Supranational – 0.5%
African Development Bank, 5.875% to 8/07/2035, FLR (CMT - 5yr. + 1.653%) to 8/07/2174
 
$
19,421,000
$18,980,050
Corporación Andina de Fomento, 6.75%, 12/17/2173 (n)
 
 
17,452,000
18,019,190
Corporación Andina de Fomento, 6.75% to 12/17/2030, FLR (USD SOFR ICE Swap Rate - 5yr. + 3.12%) to 12/17/2173
 
 
500,000
516,250
 
 
 
$37,515,490
Suriname – 0.3%
Republic of Suriname, 7.7%, 11/06/2030 (n)
 
$
10,019,000
$10,414,751
Republic of Suriname, 8.5%, 11/06/2035 (n)
 
 
10,417,000
11,294,111
 
 
 
$21,708,862
Tanzania – 0.3%
HTA Group Ltd./Mauritius, 6.75%, 4/01/2031 (n)
 
$
18,731,000
$19,018,050
Thailand – 1.3%
Advanced Info Service Public Co. Ltd., 4.894%, 3/04/2036
 
$
14,728,000
$14,449,788
Bangkok Bank Public Co. Ltd. (Hong Kong), 4.507%, 11/26/2030 (n)
 
 
26,963,000
26,780,774
Bangkok Bank Public Co. Ltd. (Hong Kong), 4.507%, 11/26/2030
 
 
500,000
496,621
Bangkok Bank Public Co. Ltd. (Hong Kong), 3.733% to 9/25/2029, FLR (CMT - 5yr. + 1.9%) to 9/25/2034
 
 
30,812,000
29,256,525
Export-Import Bank of Thailand, 5.354%, 5/16/2029
 
 
9,499,000
9,724,328
10
Portfolio of Investments (unaudited) – continued
Issuer
 
 
Shares/Par
Value ($)
Bonds – continued
Thailand – 1.3%
Muangthai Capital PCL, 7.55%, 7/21/2030 (n)
 
$
14,067,000
$14,268,903
Muangthai Capital PCL, 7.55%, 7/21/2030
 
 
500,000
507,177
 
 
 
$95,484,116
Turkey – 3.6%
Hazine Mustesarligi Varlik Kiralama A.S. (Republic of Turkey), 6.5%, 4/26/2030 (n)
 
$
9,750,000
$9,865,760
Hazine Mustesarligi Varlik Kiralama A.S. (Republic of Turkey), 6.75%, 9/01/2030 (n)
 
 
14,908,000
15,142,361
Republic of Turkey, 5.25%, 3/13/2030
 
 
10,100,000
9,771,750
Republic of Turkey, 5.95%, 1/15/2031
 
 
21,797,000
21,367,460
Republic of Turkey, 6.375%, 5/22/2031
 
 
18,957,000
18,789,481
Republic of Turkey, 5.875%, 6/26/2031
 
 
40,590,000
39,358,235
Republic of Turkey, 6.3%, 3/14/2033
 
 
13,869,000
13,373,010
Republic of Turkey, 5.15%, 3/10/2034
 
EUR
14,469,000
16,588,734
Republic of Turkey, 6.95%, 9/16/2035
 
$
10,566,000
10,389,688
Republic of Turkey, 6.8%, 11/04/2036
 
 
7,692,000
7,461,240
Republic of Turkey, 6.875%, 1/14/2038
 
 
11,853,000
11,351,829
Republic of Turkey, 4.875%, 4/16/2043
 
 
15,226,000
11,051,234
Republic of Turkey, 5.75%, 5/11/2047
 
 
40,353,000
31,293,431
T.C. Ziraat Bankasi A.S. (Republic of Turkey), 7.25%, 2/04/2030
 
 
600,000
611,785
T.C. Ziraat Bankasi A.S. (Republic of Turkey), 7.25%, 2/04/2030 (n)
 
 
13,190,000
13,449,081
Turkiye Ihracat Kredi Bankasi A.S., 6.125%, 5/02/2029 (n)
 
 
15,303,000
15,268,245
Turkiye Vakiflar Bankasi T.A.O., 6.875%, 1/07/2030 (n)
 
 
14,303,000
14,393,809
Turkiye Vakiflar Bankasi T.A.O., 6.875%, 1/07/2030
 
 
500,000
503,174
Turkiye Vakiflar Bankasi T.A.O., 7.25%, 7/31/2030 (n)
 
 
11,276,000
11,415,785
 
 
 
$271,446,092
Ukraine – 1.3%
Government of Ukraine, 4%, 2/01/2032 (n)
 
$
61,595,500
$47,203,427
Government of Ukraine, 0%, 2/01/2034 (n)
 
 
71,634,067
33,879,738
Government of Ukraine, 1.75%, 2/01/2036 (n)
 
 
27,199,527
16,109,852
 
 
 
$97,193,017
United Arab Emirates – 1.6%
Abu Dhabi Crude Oil Pipeline, 4.6%, 11/02/2047
 
$
23,736,000
$21,039,233
DAE Funding LLC (United Arab Emirates), 4.95%, 1/15/2033 (n)
 
 
15,083,000
14,497,935
DAE Sukuk (DIFC) Ltd. (United Arab Emirates), 4.5%, 10/16/2030 (n)
 
 
15,199,000
14,637,095
Dhafra PV2 Energy Co. LLC (United Arab Emirates), 5.794%, 6/30/2053 (n)
 
 
20,044,000
19,776,349
Emirates Sembcorp Water & Power Co. (United Arab Emirates), 4.45%, 8/01/2035 (n)
 
 
1,430,000
1,344,486
Emirates Sembcorp Water & Power Co. (United Arab Emirates), 4.45%, 8/01/2035
 
 
1,900,000
1,786,380
First Abu Dhabi Bank PJSC, 6.32% to 4/04/2029, FLR (CMT - 5yr. + 1.7%) to 4/04/2034
 
 
13,669,000
14,006,474
First Abu Dhabi Bank PJSC, 5.804% to 1/16/2030, FLR (CMT - 5yr. + 1.55%) to 1/16/2035
 
 
7,112,000
7,228,658
National Central Cooling Co. PJSC, 5.279%, 3/05/2030
 
 
16,315,000
16,452,645
National Central Cooling Co. PJSC, 2.5%, 10/21/2027
 
 
6,792,000
6,561,072
 
 
 
$117,330,327
Uruguay – 0.7%
Oriental Republic of Uruguay, 5.442%, 2/14/2037
 
$
20,945,000
$21,591,153
Oriental Republic of Uruguay, 4.975%, 4/20/2055
 
 
18,789,000
16,859,370
Oriental Republic of Uruguay, 5.25%, 9/10/2060
 
 
17,476,997
16,092,819
 
 
 
$54,543,342
Uzbekistan – 2.4%
Ipoteka Bank (Republic of Uzbekistan), 6.45%, 10/09/2030
 
$
1,800,000
$1,806,393
JSCB Agrobank (Republic of Uzbekistan), 9.25%, 10/02/2029 (n)
 
 
16,889,000
18,364,454
JSCB Agrobank (Republic of Uzbekistan), 9.25%, 10/02/2029
 
 
700,000
761,153
National Bank of Uzbekistan, 8.5%, 7/05/2029
 
 
10,697,000
11,458,633
11
Portfolio of Investments (unaudited) – continued
Issuer
 
 
Shares/Par
Value ($)
Bonds – continued
Uzbekistan – 2.4%
National Bank of Uzbekistan, 7.2%, 7/17/2030
 
$
15,067,000
$15,674,816
Navoi Mining & Metallurgical Co. (Republic of Uzbekistan), 6.75%, 5/14/2030 (n)
 
 
27,351,000
28,466,738
Navoi Mining & Metallurgical Co. (Republic of Uzbekistan), 6.95%, 10/17/2031 (n)
 
 
14,934,000
15,861,336
Navoi Mining & Metallurgical Co. (Republic of Uzbekistan), 6.95%, 10/17/2031
 
 
600,000
637,257
Republic of Uzbekistan, 5.1%, 2/25/2029 (n)
 
EUR
8,975,000
10,745,733
Republic of Uzbekistan, 5.1%, 2/25/2029
 
 
1,100,000
1,317,026
Republic of Uzbekistan, 3.7%, 11/25/2030
 
$
12,059,000
11,256,748
Republic of Uzbekistan, 3.9%, 10/19/2031
 
 
17,311,000
16,087,714
Republic of Uzbekistan, 6.9%, 2/28/2032 (n)
 
 
18,272,000
19,569,374
Uzbek Industrial & Construction Bank ATB (Republic of Uzbekistan), 8.95%, 7/24/2029 (n)
 
 
10,308,000
11,128,949
Uzbekneftegaz JSC (Republic of Uzbekistan), 4.75%, 11/16/2028 (n)
 
 
10,160,000
9,878,067
Uzbekneftegaz JSC (Republic of Uzbekistan), 8.75%, 5/07/2030
 
 
5,034,000
5,409,177
 
 
 
$178,423,568
Venezuela – 1.7%
Republic of Venezuela, 7.65%, 4/21/2025 (a)(d)
 
$
21,820,000
$10,277,220
Republic of Venezuela, 9.25%, 9/15/2027 (a)(d)
 
 
97,185,000
50,924,940
Republic of Venezuela, 11.95%, 8/05/2031 (a)(d)
 
 
32,834,000
18,633,295
Republic of Venezuela, 7%, 3/31/2038 (a)(d)
 
 
96,893,500
45,297,711
 
 
 
$125,133,166
Vietnam – 0.1%
Mong Duong Finance Holdings B.V., 5.125%, 5/07/2029
 
$
10,307,189
$10,169,801
Zambia – 0.4%
First Quantum Minerals Ltd., 8%, 3/01/2033 (n)
 
$
17,311,000
$18,189,360
Republic of Zambia, 5.75%, 6/30/2033
 
 
11,856,614
11,666,147
 
 
 
$29,855,507
Total Bonds
$7,182,334,317
Mutual Funds (h) – 4.1%
Money Market Funds – 4.1%
MFS Institutional Money Market Portfolio, 3.7% (v)
 
 
314,643,823
$314,675,287
 
Other Assets, Less Liabilities – 1.1%
82,507,135
Net Assets – 100.0%
$7,579,516,739
 
(a)
Non-income producing security.
(d)
In default.
(h)
An affiliated issuer, which may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under
common control. At period end, the aggregate values of the fund's investments in affiliated issuers and in unaffiliated issuers were $314,675,287 and
$7,182,334,317, respectively.
(n)
Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in
transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate value of these securities was $3,471,494,995,
representing 45.8% of net assets.
(p)
Payment-in-kind (PIK) security for which interest income may be received in additional securities and/or cash.
(v)
Affiliated issuer that is available only to investment companies managed by MFS. The rate quoted for the MFS Institutional Money Market Portfolio is the
annualized seven-day yield of the fund at period end.
(w)
When-issued security.
12
Portfolio of Investments (unaudited) – continued
(z)
Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be
resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve
time-consuming negotiations and prompt sale at an acceptable price may be difficult. The fund holds the following restricted securities:
 
Restricted Securities
Acquisition
Date
Cost
Value
Ambipar Lux S.à r.l., 10.875%, 2/05/2033
1/28/25
$11,224,000
$1,655,540
Republic of Paraguay, 8.5%, 4/04/2038
2/24/26
26,024,496
27,689,396
Total Restricted Securities
 
 
$29,344,936
% of Net assets
 
 
0.4%
 
The following abbreviations are used in this report and are defined:
CMT
Constant Maturity Treasury
FLR
Floating Rate. Interest rate resets periodically based on the parenthetically disclosed reference rate plus a spread (if any). The period-end rate reported
may not be the current rate. All reference rates are USD unless otherwise noted.
ICE
Intercontinental Exchange
SOFR
Secured Overnight Financing Rate
 
Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise
indicated. A list of abbreviations is shown below:
BRL
Brazilian Real
CLP
Chilean Peso
COP
Colombian Peso
CZK
Czech Koruna
EGP
Egypt Pound
EUR
Euro
HUF
Hungarian Forint
INR
Indian Rupee
MXN
Mexican Peso
NGN
Nigerian Naira
PEN
Peruvian Nuevo Sol
PLN
Polish Zloty
THB
Thai Baht
TRY
Turkish Lira
ZAR
South African Rand
 
Derivative Contracts at 4/30/26
Forward Foreign Currency Exchange Contracts
Currency
Purchased
Currency
Sold
Counterparty
Settlement
Date
Unrealized
Appreciation
(Depreciation)
Asset Derivatives
BRL
161,476,966
USD
31,536,500
Barclays Bank PLC
5/05/2026
$1,073,251
BRL
195,418,735
USD
38,069,495
Citibank N.A.
5/05/2026
1,394,687
BRL
175,822,170
USD
35,230,491
Goldman Sachs International
5/05/2026
276,228
BRL
141,182,789
USD
28,253,066
JPMorgan Chase Bank N.A.
5/05/2026
258,342
COP
55,547,720,335
USD
14,990,209
Goldman Sachs International
5/08/2026
265,938
EUR
12,447,623
USD
14,621,160
Citibank N.A.
7/17/2026
35,608
EUR
1,384,285
USD
1,627,966
HSBC Bank
7/17/2026
1,996
EUR
20,568,384
USD
24,214,686
JPMorgan Chase Bank N.A.
7/17/2026
4,077
HUF
3,436,450,763
USD
10,885,178
Deutsche Bank AG
7/17/2026
142,234
TRY
1,684,047,330
USD
34,639,503
HSBC Bank
7/17/2026
157,725
USD
34,237,416
CLP
30,673,300,624
Citibank N.A.
5/15/2026
148,253
USD
37,405,658
CZK
769,845,850
Merrill Lynch International
7/17/2026
320,420
USD
18,508,373
EGP
995,750,448
Citibank N.A.
7/20/2026
598,798
USD
537,812,684
EUR
453,778,597
Merrill Lynch International
7/17/2026
3,499,616
USD
7,004,090
HUF
2,155,480,365
BNP Paribas
7/17/2026
87,253
USD
6,989,817
HUF
2,176,668,006
Merrill Lynch International
7/17/2026
4,990
USD
18,280,975
INR
1,737,789,464
JPMorgan Chase Bank N.A.
7/10/2026
79,700
USD
26,408,012
MXN
462,670,195
JPMorgan Chase Bank N.A.
7/17/2026
83,325
13
Portfolio of Investments (unaudited) – continued
 
Forward Foreign Currency Exchange Contracts − continued
Currency
Purchased
Currency
Sold
Counterparty
Settlement
Date
Unrealized
Appreciation
(Depreciation)
Asset Derivatives − continued
USD
18,503,263
PEN
64,002,787
Goldman Sachs International
7/22/2026
$336,927
USD
10,489,838
PEN
35,613,000
JPMorgan Chase Bank N.A.
7/22/2026
381,564
USD
18,743,112
THB
607,651,690
Barclays Bank PLC
7/17/2026
26,967
USD
17,777,793
ZAR
296,268,575
Citibank N.A.
7/17/2026
90,402
USD
38,201,830
ZAR
634,188,300
Merrill Lynch International
7/17/2026
340,452
 
 
$9,608,753
Liability Derivatives
CLP
13,548,146,475
USD
15,279,296
JPMorgan Chase Bank N.A.
5/15/2026
$(222,391
)
CLP
17,125,154,149
USD
19,267,725
Merrill Lynch International
5/15/2026
(235,467
)
CZK
157,641,698
USD
7,648,055
Barclays Bank PLC
7/17/2026
(54,093
)
CZK
314,441,345
USD
15,253,944
JPMorgan Chase Bank N.A.
7/17/2026
(106,584
)
EUR
2,112
USD
2,487
Barclays Bank PLC
7/17/2026
(0
)
EUR
1,176,515
USD
1,393,571
JPMorgan Chase Bank N.A.
7/17/2026
(8,253
)
INR
1,737,789,465
USD
18,462,571
Citibank N.A.
7/10/2026
(261,296
)
MXN
462,670,195
USD
26,463,372
Merrill Lynch International
7/17/2026
(138,686
)
PEN
64,286,714
USD
19,030,999
Goldman Sachs International
7/22/2026
(784,074
)
PLN
68,712,502
USD
18,966,061
HSBC Bank
7/17/2026
(13,262
)
THB
607,651,690
USD
19,066,573
Barclays Bank PLC
7/17/2026
(350,429
)
ZAR
249,404,881
USD
15,135,846
Merrill Lynch International
7/17/2026
(246,243
)
USD
32,369,195
BRL
161,476,966
Barclays Bank PLC
5/05/2026
(240,556
)
USD
5,898,980
BRL
30,175,289
Barclays Bank PLC
8/06/2026
(56,781
)
USD
38,042,286
BRL
195,418,735
Citibank N.A.
5/05/2026
(1,421,896
)
USD
33,505,418
BRL
175,822,170
Goldman Sachs International
5/05/2026
(2,001,300
)
USD
26,937,610
BRL
141,182,789
JPMorgan Chase Bank N.A.
5/05/2026
(1,573,798
)
USD
14,279,620
COP
55,547,720,335
JPMorgan Chase Bank N.A.
5/08/2026
(976,528
)
USD
29,731,719
EUR
25,330,445
Citibank N.A.
7/17/2026
(94,253
)
USD
9,792,832
EUR
8,345,206
Goldman Sachs International
7/17/2026
(33,441
)
USD
20,311,940
EUR
17,274,856
HSBC Bank
7/17/2026
(28,776
)
USD
11,255,376
HUF
3,525,021,759
HSBC Bank
7/17/2026
(56,256
)
USD
9,112,617
ZAR
153,093,781
Goldman Sachs International
7/17/2026
(27,163
)
 
 
$(8,931,526
)
 
Futures Contracts
Description
Long/
Short
Currency
Contracts
Notional
Amount
Expiration
Date
Value/Unrealized
Appreciation
(Depreciation)
Asset Derivatives
Interest Rate Futures 
Euro-Bund 10 yr
Short
EUR
2,725
$400,925,775
June – 2026
$7,876,980
Liability Derivatives
Interest Rate Futures 
U.S. Treasury Bond 30 yr
Long
USD
501
$56,534,719
June – 2026
$(612,384
)
U.S. Treasury Note 10 yr
Long
USD
582
64,365,562
June – 2026
(1,288,240
)
U.S. Treasury Note 5 yr
Long
USD
1,410
152,048,673
June – 2026
(2,373,336
)
U.S. Treasury Ultra Note 10 yr
Long
USD
1,174
132,496,906
June – 2026
(3,104,391
)
 
 
$(7,378,351
)
 
14
Portfolio of Investments (unaudited) – continued
Uncleared Swap Agreements
Maturity
Date
Notional
Amount
Counterparty
Cash Flows
to Receive/
Frequency
Cash Flows
to Pay/
Frequency
Unrealized
Appreciation
(Depreciation)
Net Unamortized
Upfront Payments
(Receipts)
Value
Liability Derivatives
Credit Default Swaps 
12/20/29
USD
14,868,000
Barclays Bank PLC
(1)
1.00% / Quarterly
$(580,436
)
$504,967
$(75,469
)
(1) Fund, as protection buyer, to receive notional amount upon a defined credit event by Federative Republic of Brazil, 5.625%, 1/07/2041, a BB rated bond. The fund entered into the contract to buy issuer protection.
At April 30, 2026, the fund had cash collateral of $19,226,270 to cover any collateral or margin obligations for certain derivative contracts.
See attached supplemental information. For more information see notes to financial statements as disclosed in the most recent semiannual or annual report.
15
Supplemental Information
4/30/26 (unaudited)
The fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial
Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies.
(1) Investment Valuations
Subject to its oversight, the fund's Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund’s investments to MFS as the fund's adviser, pursuant to the fund’s valuation policy and procedures which have been adopted by the adviser and approved by the Board. In accordance with Rule 2a-5 under the Investment Company Act of 1940, the Board of Trustees designated the adviser as the “valuation designee” of the fund. If the adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the adviser in accordance with the adviser’s fair valuation policy and procedures.
Under the fund's valuation policy and procedures, debt instruments and floating rate loans, including restricted debt instruments, are
generally valued at an evaluated or composite bid as provided by a third-party pricing service. Short-term instruments with a maturity at
issuance of 60 days or less may be valued at amortized cost, which approximates market value. Futures contracts are generally valued at last posted settlement price on their primary exchange as provided by a third-party pricing service. Futures contracts for which there were no trades that day for a particular position are generally valued at the closing bid quotation on their primary exchange as provided by a
third-party pricing service. Forward foreign currency exchange contracts are generally valued at the mean of bid and asked prices for the
time period interpolated from rates provided by a third-party pricing service for proximate time periods. Swap agreements are generally valued using valuations provided by a third-party pricing service, which for cleared swaps includes an evaluation of any trading activity at the
clearinghouses. Open-end investment companies are generally valued at net asset value per share. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.
Under the fund’s valuation policy and procedures, market quotations are not considered to be readily available for debt instruments, floating rate loans, and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services or otherwise determined by the adviser in accordance with the adviser’s fair valuation policy and procedures. Securities and other assets generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. In determining values, third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, spreads and other market data. Pricing services generally value debt instruments assuming orderly transactions of institutional round lot sizes, but a fund may hold or transact in such securities in smaller, odd lot sizes. In instances where a fund holds an odd lot size position in a debt instrument, such position will typically be valued using the pricing agent’s institutional round lot price for the debt instrument. Odd lots may trade at lower prices than institutional round lots, and the fund may receive different prices when it sells odd lot positions than it would receive for sales of institutional round lot positions. An investment may also be valued at fair value if the adviser determines that the investment’s value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the fund’s net asset value, or after the halt of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the fund’s net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the fund’s net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to sell the investment at the same time at which the fund determines its net
asset value per share.
Various inputs are used in determining the value of the fund's assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk).
16
Supplemental Information (unaudited) – continued
Level 3 includes significant unobservable inputs, which may include the adviser's own assumptions in determining the fair value of investments. Other financial instruments are derivative instruments, such as futures contracts, forward foreign currency exchange contracts, and swap agreements. The following is a summary of the levels used as of April 30, 2026 in valuing the fund's assets and liabilities: 
Financial Instruments
Level 1
Level 2
Level 3
Total
Non - U.S. Sovereign Debt
$—
$5,974,328,275
$—
$5,974,328,275
Foreign Bonds
—
1,208,006,042
—
1,208,006,042
Investment Companies
314,675,287
—
—
314,675,287
Total
$314,675,287
$7,182,334,317
$—
$7,497,009,604
Other Financial Instruments
Futures Contracts – Assets
$7,876,980
$—
$—
$7,876,980
Futures Contracts – Liabilities
(7,378,351
)
—
—
(7,378,351
)
Forward Foreign Currency Exchange Contracts – Assets
—
9,608,753
—
9,608,753
Forward Foreign Currency Exchange Contracts – Liabilities
—
(8,931,526
)
—
(8,931,526
)
Swap Agreements – Liabilities
—
(75,469
)
—
(75,469
)
For further information regarding security characteristics, see the Portfolio of Investments.
(2) Investments in Affiliated Issuers
An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. The following were affiliated issuers for the period ended April 30, 2026:
 
Affiliated Issuers
Beginning
Value
Purchases
Sales
Proceeds
Realized
Gain
(Loss)
Change in
Unrealized
Appreciation or
Depreciation
Ending
Value
MFS Institutional Money Market Portfolio
$300,018,364
$2,383,552,970
$2,368,914,225
$4,965
$13,213
$314,675,287
 
Affiliated Issuers
Dividend
Income
Capital Gain
Distributions
MFS Institutional Money Market Portfolio
$9,280,145
$—
(3) Issuer Country Weightings
Issuer country weighting percentages of portfolio holdings based on net assets, as of April 30, 2026, are as follows: 
United States
9.3%
Mexico
6.0%
Chile
4.5%
Hungary
4.3%
Argentina
3.7%
Saudi Arabia
3.7%
Turkey
3.6%
India
3.4%
Germany
(5.3)%
Other Countries
66.8%
The issuer country weighting percentages include both accrued interest amounts and the equivalent exposure from any derivative holdings, if applicable.
17