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      <invstOrSec>
        <name>Benin Government International Bond</name>
        <lei>635400Q11P6AE5A5Y230</lei>
        <title>Benin Government Bond</title>
        <cusip>08205QAC2</cusip>
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          <isin value="US08205QAC24"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1668238.38000000</valUSD>
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        <invCountry>BJ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-01-23</maturityDt>
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      <invstOrSec>
        <name>Braskem Idesa SAPI</name>
        <lei>YH0V7ZHY352ITDGEYB83</lei>
        <title>Braskem Idesa SAPI</title>
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          <isin value="US10554NAB47"/>
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        <curCd>USD</curCd>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-20</maturityDt>
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      <invstOrSec>
        <name>Federative Republic of Brazil</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>Brazil Government Bond</title>
        <cusip>105756CB4</cusip>
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          <isin value="US105756CB40"/>
          <other otherDesc="Inhouse Asset ID" value="1019912"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-01-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="124828"/>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Citibank</counterpartyName>
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            <amtCurSold>13900000.00000000</amtCurSold>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="124831"/>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Citibank</counterpartyName>
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            <amtCurSold>321000000.00000000</amtCurSold>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="125856"/>
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        <balance>1.00000000</balance>
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        <curCd>N/A</curCd>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Citibank</counterpartyName>
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            <amtCurSold>600000.00000000</amtCurSold>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="126995"/>
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        <balance>1.00000000</balance>
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        <curCd>N/A</curCd>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Citibank</counterpartyName>
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            <amtCurSold>1100000.00000000</amtCurSold>
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      <invstOrSec>
        <name>Provincia del Chubut Argentina</name>
        <lei>529900V5CYYSD8ADKQ03</lei>
        <title>Argentina Provincia del Chubut</title>
        <cusip>17127LAA3</cusip>
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          <isin value="US17127LAA35"/>
          <other otherDesc="Inhouse Asset ID" value="653270"/>
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        <balance>867702.68800000</balance>
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        <curCd>USD</curCd>
        <valUSD>865533.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Provincia del Chubut Argentina</name>
        <lei>529900V5CYYSD8ADKQ03</lei>
        <title>Argentina Provincia del Chubut</title>
        <cusip>17127LAB1</cusip>
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          <isin value="US17127LAB18"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1548750.00000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-29</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Republic of Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Colombia Government Bond</title>
        <cusip>195325EG6</cusip>
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          <isin value="US195325EG61"/>
          <other otherDesc="Inhouse Asset ID" value="1235512"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>CO</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <name>Bolivarian Republic of Venezuela</name>
        <lei>529900XM8PJTJK5OJI77</lei>
        <title>Venezuela Government Bond</title>
        <cusip>N/A</cusip>
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          <isin value="XS0029484945"/>
          <other otherDesc="Inhouse Asset ID" value="16587"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>VE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
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        <name>Republic of Cote d'Ivoire</name>
        <lei>254900ICW11T82O6H590</lei>
        <title>Ivory Coast Government Bond</title>
        <cusip>221625AU0</cusip>
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          <isin value="US221625AU01"/>
          <other otherDesc="Inhouse Asset ID" value="1335310"/>
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        <balance>600000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CI</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-30</maturityDt>
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          <annualizedRt>8.25000000</annualizedRt>
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        <name>Digicel International Finance Ltd. / DIFL US LLC</name>
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        <cusip>25381MAA5</cusip>
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          <isin value="US25381MAA53"/>
          <other otherDesc="Inhouse Asset ID" value="1502870"/>
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        <balance>1250000.00000000</balance>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ardshinbank CJSC Via Dilijan Finance BV</name>
        <lei>549300DCGXFXAP2FEV07</lei>
        <title>Ardshinbank CJSC Via Dilijan Finance BV</title>
        <cusip>254032AD7</cusip>
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          <isin value="US254032AD75"/>
          <other otherDesc="Inhouse Asset ID" value="1563035"/>
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        <balance>700000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.60000000</annualizedRt>
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      <invstOrSec>
        <name>Dominican Republic</name>
        <lei>254900EHU7Q8FGVPI369</lei>
        <title>Dominican Republic Government Bond</title>
        <cusip>25714PEB0</cusip>
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          <isin value="US25714PEB04"/>
          <other otherDesc="Inhouse Asset ID" value="1135616"/>
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        <balance>850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>814640.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40000000</annualizedRt>
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      <invstOrSec>
        <name>Dominican Republic</name>
        <lei>254900EHU7Q8FGVPI369</lei>
        <title>Dominican Republic Government Bond</title>
        <cusip>25714PFB9</cusip>
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          <isin value="US25714PFB94"/>
          <other otherDesc="Inhouse Asset ID" value="1446506"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>835880.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.95000000</annualizedRt>
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      <invstOrSec>
        <name>Ecopetrol SA</name>
        <lei>254900IDGKCJICKBPA66</lei>
        <title>Ecopetrol SA</title>
        <cusip>279158AP4</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1172225"/>
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        <balance>950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>856475.83000000</valUSD>
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        <invCountry>CO</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of El Salvador</name>
        <lei>529900AKDMUSFSDOM949</lei>
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        <cusip>283875CD2</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1347079"/>
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        <curCd>USD</curCd>
        <valUSD>49200.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SV</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-17</maturityDt>
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          <annualizedRt>0.25000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Democratic Republic of Ethiopia</name>
        <lei>N/A</lei>
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        <cusip>29766LAA4</cusip>
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          <isin value="US29766LAA44"/>
          <other otherDesc="Inhouse Asset ID" value="593386"/>
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        <curCd>USD</curCd>
        <valUSD>2780952.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ET</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>Frigorifico Concepcion SA</name>
        <lei>529900Q6VZVL47QJCQ91</lei>
        <title>Frigorifico Concepcion SA</title>
        <cusip>358648AA1</cusip>
        <identifiers>
          <isin value="US358648AA16"/>
          <other otherDesc="Inhouse Asset ID" value="1155441"/>
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        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>442000.00000000</valUSD>
        <pctVal>0.299996671733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.70000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gabonese Republic</name>
        <lei>N/A</lei>
        <title>Gabon Government Bond</title>
        <cusip>362420AD3</cusip>
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          <isin value="US362420AD35"/>
          <other otherDesc="Inhouse Asset ID" value="1041621"/>
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        <balance>1540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1302079.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gabonese Republic</name>
        <lei>N/A</lei>
        <title>Gabon Government Bond</title>
        <cusip>362420AE1</cusip>
        <identifiers>
          <isin value="US362420AE18"/>
          <other otherDesc="Inhouse Asset ID" value="1177976"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1872356.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>GDZ Elektrik Dagitim A/S</name>
        <lei>984500B63B5766038A64</lei>
        <title>GDZ Elektrik Dagitim A/S</title>
        <cusip>36270TAA1</cusip>
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          <isin value="US36270TAA16"/>
          <other otherDesc="Inhouse Asset ID" value="1402769"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>680533.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gabonese Republic</name>
        <lei>N/A</lei>
        <title>Gabon Government Bond</title>
        <cusip>362420AD3</cusip>
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          <isin value="US362420AD35"/>
          <other otherDesc="Inhouse Asset ID" value="1041621"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>253651.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Global Distressed Alpha Fund III LP</name>
        <lei>N/A</lei>
        <title>Global Distressed Alpha Fund III LP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1145620"/>
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        <balance>566887.63000000</balance>
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        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2049-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hashemite Kingdom of Jordan</name>
        <lei>5493000JZ4MYPVMBVN50</lei>
        <title>Jordan Government Bond</title>
        <cusip>418097AJ0</cusip>
        <identifiers>
          <isin value="US418097AJ07"/>
          <other otherDesc="Inhouse Asset ID" value="1334521"/>
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        <balance>1450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1401457.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-10-10</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Hashemite Kingdom of Jordan</name>
        <lei>5493000JZ4MYPVMBVN50</lei>
        <title>Jordan Government Bond</title>
        <cusip>418097AL5</cusip>
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          <isin value="US418097AL52"/>
          <other otherDesc="Inhouse Asset ID" value="1088442"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1396849.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.85000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Heritage Petroleum Co. Ltd.</name>
        <lei>25490055MYPABN06OA04</lei>
        <title>Heritage Petroleum Co. Ltd.</title>
        <cusip>42727GAA6</cusip>
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          <isin value="US42727GAA67"/>
          <other otherDesc="Inhouse Asset ID" value="1198142"/>
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        <balance>1350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1381185.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Republic of Honduras</name>
        <lei>5493002DW1JNBNG17615</lei>
        <title>Honduras Government Bond</title>
        <cusip>438180AJ0</cusip>
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          <isin value="US438180AJ03"/>
          <other otherDesc="Inhouse Asset ID" value="1084302"/>
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        <balance>1445000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>HN</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>IHS Holding Ltd.</name>
        <lei>213800CLGMKL63VKTD94</lei>
        <title>IHS Holding Ltd.</title>
        <cusip>44963HAD7</cusip>
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        <balance>650000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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      <invstOrSec>
        <name>Franklin Institutional U.S. Government Money Market Fund</name>
        <lei>549300M4TP89K77LG374</lei>
        <title>Franklin Institutional U.S. Government Money Market Fund</title>
        <cusip>457756500</cusip>
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          <isin value="US4577565009"/>
          <other otherDesc="Inhouse Asset ID" value="170875"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Istanbul Metropolitan Municipality</name>
        <lei>213800T1VDQSNKA2MD76</lei>
        <title>Istanbul Metropolitan Municipality</title>
        <cusip>46522TAB4</cusip>
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          <isin value="US46522TAB44"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>261776.69000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.75000000</annualizedRt>
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        <name>Istanbul Metropolitan Municipality</name>
        <lei>213800T1VDQSNKA2MD76</lei>
        <title>Istanbul Metropolitan Municipality</title>
        <cusip>46522TAC2</cusip>
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        <valUSD>1349631.18000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.50000000</annualizedRt>
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      <invstOrSec>
        <name>KazMunayGas National Co. JSC</name>
        <lei>2138001H1M69RFJCSH88</lei>
        <title>KazMunayGas National Co. JSC</title>
        <cusip>48667QAP0</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1207182"/>
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        <balance>1450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1386171.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>Telecommunications Services of Trinidad &amp; Tobago Ltd.</name>
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        <name>Mozambique International Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of South Africa</name>
        <lei>378900AAFB4F17004C49</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-30</maturityDt>
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        <name>Suriname Government International Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Telecommunications Services of Trinidad &amp; Tobago Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Ukraine</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Uzbekneftegaz JSC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>K2016470219 South Africa Ltd.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>K2016470260 South Africa Ltd.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Global Distressed Alpha Fund III LP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of El Salvador</name>
        <lei>529900AKDMUSFSDOM949</lei>
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          <isin value="USP01012AN67"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Bolivarian Republic of Venezuela</name>
        <lei>529900XM8PJTJK5OJI77</lei>
        <title>Venezuela Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP97475AG56"/>
          <other otherDesc="Inhouse Asset ID" value="386971"/>
        </identifiers>
        <balance>720000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>312300.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>VE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Republic of Iraq</name>
        <lei>N/A</lei>
        <title>Iraq Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS0240295575"/>
          <other otherDesc="Inhouse Asset ID" value="619516"/>
        </identifiers>
        <balance>1378125.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1351720.63000000</valUSD>
        <pctVal>0.917447262701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IQ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Country Garden Holdings Co. Ltd.</name>
        <lei>549300MGHLPT1EFHGF84</lei>
        <title>Country Garden Holdings Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG245241032"/>
          <other otherDesc="Inhouse Asset ID" value="385559"/>
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        <balance>5820.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sphynx Capital Markets PCC</name>
        <lei>N/A</lei>
        <title>Sphynx Capital Markets PCC (National Investment Bank of Ghana), Series PTN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS0300204137"/>
          <other otherDesc="Inhouse Asset ID" value="388042"/>
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        <balance>8000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2009-02-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federative Republic of Brazil Bond</name>
        <lei>N/A</lei>
        <title>Brazil Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="537121"/>
        </identifiers>
        <balance>15614504.72350000</balance>
        <units>PA</units>
        <currencyConditional curCd="BRL" exchangeRt="4.95180000"/>
        <valUSD>2883582.06000000</valUSD>
        <pctVal>1.957160680251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000140</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Braskem America Finance Co.</name>
        <lei>254900QMQAJ26H49CL75</lei>
        <title>Braskem America Finance Co.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USU1065PAA94"/>
          <other otherDesc="Inhouse Asset ID" value="543988"/>
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        <balance>740000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>421337.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United Mexican States</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexican Bonos Desarr Fixed Rate, Series M</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX0MGO0000P2"/>
          <other otherDesc="Inhouse Asset ID" value="1035090"/>
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        <balance>16120000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="MXN" exchangeRt="17.46850000"/>
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        <pctVal>0.601586882349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000080</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Republic of South Africa</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>South Africa Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAG000096173"/>
          <other otherDesc="Inhouse Asset ID" value="643715"/>
        </identifiers>
        <balance>39690000.00000000</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="16.65750000"/>
        <valUSD>2252526.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Provincia de Neuquen Argentina</name>
        <lei>549300X5HUL4FRDNBN35</lei>
        <title>Provincia de Neuquen Argentina</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP71695AC75"/>
          <other otherDesc="Inhouse Asset ID" value="634499"/>
        </identifiers>
        <balance>0.00300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Argentina Provincia del Chubut</name>
        <lei>529900V5CYYSD8ADKQ03</lei>
        <title>Argentina Provincia del Chubut</title>
        <cusip>17127LAA3</cusip>
        <identifiers>
          <isin value="US17127LAA35"/>
          <other otherDesc="Inhouse Asset ID" value="653270"/>
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        <balance>81140.55000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>80937.70000000</valUSD>
        <pctVal>0.054934481035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United Mexican States</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexican Bonos Desarr Fixed Rate, Series M</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX0MGO000102"/>
          <other otherDesc="Inhouse Asset ID" value="1125979"/>
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        <balance>54182500.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="MXN" exchangeRt="17.46850000"/>
        <valUSD>2618251.94000000</valUSD>
        <pctVal>1.777074361448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.99999920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal Republic of Nigeria</name>
        <lei>549300GSBZD84TNEQ285</lei>
        <title>Nigeria Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1717013095"/>
          <other otherDesc="Inhouse Asset ID" value="1168453"/>
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        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>880210.22000000</valUSD>
        <pctVal>0.597421123135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hungary</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>Hungary Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HU0000403555"/>
          <other otherDesc="Inhouse Asset ID" value="1035307"/>
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        <balance>359700000.00000000</balance>
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        <currencyConditional curCd="HUF" exchangeRt="310.29270000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Republic of Kazakhstan</name>
        <lei>5493007OEK8EF02UO833</lei>
        <title>Kazakhstan MEUKAM</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KZKD00000659"/>
          <other otherDesc="Inhouse Asset ID" value="1538519"/>
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        <balance>215520000.00000000</balance>
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        <currencyConditional curCd="KZT" exchangeRt="463.28500000"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Republic of Kazakhstan</name>
        <lei>5493007OEK8EF02UO833</lei>
        <title>Kazakhstan MEUKAM</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KZKD00000543"/>
          <other otherDesc="Inhouse Asset ID" value="1355790"/>
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        <balance>870900000.00000000</balance>
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        <currencyConditional curCd="KZT" exchangeRt="463.28500000"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mozambique International Bond</name>
        <lei>213800759WLKYIKPER73</lei>
        <title>Mozambique Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2051203946"/>
          <other otherDesc="Inhouse Asset ID" value="1019474"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>164374.78000000</valUSD>
        <pctVal>0.111565355015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tunisian Republic Bond</name>
        <lei>254900B5LFB16S9T2T11</lei>
        <title>Tunisia Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2023698553"/>
          <other otherDesc="Inhouse Asset ID" value="996126"/>
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        <balance>700000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204277"/>
        <valUSD>818882.92000000</valUSD>
        <pctVal>0.555796720677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>Republic of Guatemala</name>
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          <isin value="USP5015VAJ54"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of Bulgaria</name>
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        <cusip>N/A</cusip>
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          <isin value="XS2536817211"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of Cameroon International Bond</name>
        <lei>54930021BO6NHYGBBV24</lei>
        <title>Cameroon Government Bond</title>
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          <isin value="XS2360598713"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of Uzbekistan International Bond</name>
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        <title>Uzbekistan Government Bond</title>
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          <isin value="US91824PAB31"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of Bulgaria</name>
        <lei>529900PG0XCL4LICL838</lei>
        <title>Bulgaria Government Bond</title>
        <cusip>N/A</cusip>
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          <isin value="XS2234571771"/>
          <other otherDesc="Inhouse Asset ID" value="1194010"/>
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        <invCountry>BG</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Republic of Uganda</name>
        <lei>549300NF1DEFHG8XLQ11</lei>
        <title>Uganda Government Bond</title>
        <cusip>N/A</cusip>
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          <isin value="UG0000001533"/>
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        <invCountry>UG</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Benin Government International Bond</name>
        <lei>635400Q11P6AE5A5Y230</lei>
        <title>Benin Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2278994681"/>
          <other otherDesc="Inhouse Asset ID" value="1130202"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>BJ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Corp. Andina de Fomento</name>
        <lei>UKZ46SXGNYCZK0UOZE76</lei>
        <title>Corp. Andina de Fomento</title>
        <cusip>N/A</cusip>
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          <isin value="XS2187408807"/>
          <other otherDesc="Inhouse Asset ID" value="1313186"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Petra Diamonds US Treasury plc</name>
        <lei>635400LZYOO6WHAO2H58</lei>
        <title>Petra Diamonds US Treasury plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2289899242"/>
          <other otherDesc="Inhouse Asset ID" value="1137655"/>
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        <balance>1415349.51210000</balance>
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        <curCd>USD</curCd>
        <valUSD>810551.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.74999880</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Dominican Republic</name>
        <lei>254900EHU7Q8FGVPI369</lei>
        <title>Dominican Republic Government Bond</title>
        <cusip>25714PES3</cusip>
        <identifiers>
          <isin value="US25714PES39"/>
          <other otherDesc="Inhouse Asset ID" value="1236396"/>
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        <currencyConditional curCd="DOP" exchangeRt="59.36500000"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>13.62500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Republic of Cote d'Ivoire</name>
        <lei>254900ICW11T82O6H590</lei>
        <title>Ivory Coast Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2264968665"/>
          <other otherDesc="Inhouse Asset ID" value="1189932"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Inter-American Development Bank</name>
        <lei>VKU1UKDS9E7LYLMACP54</lei>
        <title>Inter-American Development Bank</title>
        <cusip>N/A</cusip>
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          <isin value="XS2749539933"/>
          <other otherDesc="Inhouse Asset ID" value="1514861"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>IN</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Argentine Republic (The)</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>Argentina Government Bond</title>
        <cusip>040114HT0</cusip>
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          <isin value="US040114HT09"/>
          <other otherDesc="Inhouse Asset ID" value="1105887"/>
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        <curCd>USD</curCd>
        <valUSD>299000.00000000</valUSD>
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        <invCountry>AR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Colombia Titulos de Tesoreria, Series B</title>
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          <isin value="COL17CT03995"/>
          <other otherDesc="Inhouse Asset ID" value="1547657"/>
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        <invCountry>CO</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>11.00000000</annualizedRt>
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      <invstOrSec>
        <name>Republic of Uzbekistan International Bond</name>
        <lei>213800L6VDKUM3TCM927</lei>
        <title>Uzbekistan Government Bond</title>
        <cusip>91824PAD9</cusip>
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          <isin value="US91824PAD96"/>
          <other otherDesc="Inhouse Asset ID" value="1446974"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>UZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>15.50000000</annualizedRt>
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      <invstOrSec>
        <name>Petra Diamonds Ltd.</name>
        <lei>213800X4QZIAVSA12860</lei>
        <title>Petra Diamonds Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="BMG702782084"/>
          <other otherDesc="Inhouse Asset ID" value="346108"/>
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        <balance>96243.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Congolese International Bond</name>
        <lei>529900BXT90HR4QTB688</lei>
        <title>Congo Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3223166409"/>
          <other otherDesc="Inhouse Asset ID" value="1553807"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1603610.37000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.87500000</annualizedRt>
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        <name>Asian Infrastructure Investment Bank (The)</name>
        <lei>25490065OSV2524LCR32</lei>
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          <isin value="XS2775796183"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Democratic Socialist Republic of Sri Lanka</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
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          <isin value="COL17CT03862"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Ipoteka-Bank ATIB</name>
        <lei>213800UWVX5JSNXJS434</lei>
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        <identifiers>
          <isin value="XS2808393370"/>
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        <invCountry>UZ</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Government of Jamaica (The)</name>
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          <isin value="US470160CF77"/>
          <other otherDesc="Inhouse Asset ID" value="1307122"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Romania</name>
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          <isin value="XS2829209720"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Inter-American Development Bank</name>
        <lei>VKU1UKDS9E7LYLMACP54</lei>
        <title>Inter-American Development Bank</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2696224745"/>
          <other otherDesc="Inhouse Asset ID" value="1299205"/>
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        <invCountry>IN</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Federative Republic of Brazil</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>Brazil Notas do Tesouro Nacional</title>
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          <isin value="BRSTNCNTF238"/>
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        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Braskem Netherlands Finance BV</name>
        <lei>2549000TLMHFQ74DS330</lei>
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        <cusip>N/A</cusip>
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          <isin value="USN15516AJ10"/>
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        <curCd>USD</curCd>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Egypt Government Bond</title>
        <cusip>N/A</cusip>
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          <isin value="EGBGR05851F3"/>
          <other otherDesc="Inhouse Asset ID" value="1390300"/>
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        <invCountry>EG</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Turkiye (The)</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
        <title>Turkiye Government Bond</title>
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          <isin value="TRT120826T16"/>
          <other otherDesc="Inhouse Asset ID" value="1418207"/>
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        <invCountry>TR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Kazakhstan</name>
        <lei>5493007OEK8EF02UO833</lei>
        <title>Kazakhstan MEOKAM</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Saderea DAC</name>
        <lei>635400IPZLZJ55ANED20</lei>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Romania</name>
        <lei>315700IASY927EDWBK92</lei>
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          <isin value="XS2770921315"/>
          <other otherDesc="Inhouse Asset ID" value="1330025"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Bulgaria</name>
        <lei>529900PG0XCL4LICL838</lei>
        <title>Bulgaria Government Bond</title>
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          <other otherDesc="Inhouse Asset ID" value="1389375"/>
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        <invCountry>BG</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Ipoteka-Bank ATIB</name>
        <lei>213800UWVX5JSNXJS434</lei>
        <title>Ipoteka-Bank ATIB</title>
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          <isin value="XS3200122102"/>
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        <invCountry>UZ</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal Democratic Republic of Ethiopia</name>
        <lei>N/A</lei>
        <title>Ethiopia Government Bond</title>
        <cusip>N/A</cusip>
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          <isin value="XS1151974877"/>
          <other otherDesc="Inhouse Asset ID" value="593385"/>
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        <curCd>USD</curCd>
        <valUSD>638589.03000000</valUSD>
        <pctVal>0.433426659741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ET</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Republic of Montenegro</name>
        <lei>747800V014106FYLL014</lei>
        <title>Montenegro Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3037625400"/>
          <other otherDesc="Inhouse Asset ID" value="1456947"/>
        </identifiers>
        <balance>1290000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204277"/>
        <valUSD>1524085.36000000</valUSD>
        <pctVal>1.034435600538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ME</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Republic of North Macedonia</name>
        <lei>635400RD1N6RVNCE4958</lei>
        <title>North Macedonia Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3273796741"/>
          <other otherDesc="Inhouse Asset ID" value="1574374"/>
        </identifiers>
        <balance>360000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204277"/>
        <valUSD>412145.05000000</valUSD>
        <pctVal>0.279733355817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Egypt Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="EGBGR05931F3"/>
          <other otherDesc="Inhouse Asset ID" value="1401519"/>
        </identifiers>
        <balance>11032000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EGP" exchangeRt="53.62000000"/>
        <valUSD>204353.92000000</valUSD>
        <pctVal>0.138700216868</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>24.45800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>European Bank for Reconstruction &amp; Development</name>
        <lei>549300HTGDOVDU6OGK19</lei>
        <title>European Bank for Reconstruction &amp; Development</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3105192788"/>
          <other otherDesc="Inhouse Asset ID" value="1493295"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="AZN" exchangeRt="1.70075000"/>
        <valUSD>239914.39000000</valUSD>
        <pctVal>0.162836014708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AZ</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Republic of Srpska International Government Bond</name>
        <lei>N/A</lei>
        <title>Srpska Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3327024322"/>
          <other otherDesc="Inhouse Asset ID" value="1596062"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204277"/>
        <valUSD>1786249.97000000</valUSD>
        <pctVal>1.212373406978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Country Garden Holdings Co. Ltd.</name>
        <lei>549300MGHLPT1EFHGF84</lei>
        <title>Country Garden Holdings Co. Ltd., Series AI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3261067808"/>
          <other otherDesc="Inhouse Asset ID" value="1559162"/>
        </identifiers>
        <balance>719660.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76931.65000000</valUSD>
        <pctVal>0.052215472739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-31</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>Y</isMandatoryConvrtbl>
          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>Country Garden Holdings Co. Ltd.</name>
              <title>Country Garden Holdings Co. Ltd.</title>
              <curCd>HKD</curCd>
              <identifiers>
                <isin value="KYG245241032"/>
              </identifiers>
            </dbtSecRefInstrument>
          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="384.61538500" curCd="USD"/>
          </currencyInfos>
          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Country Garden Holdings Co. Ltd.</name>
        <lei>549300MGHLPT1EFHGF84</lei>
        <title>Country Garden Holdings Co. Ltd., Series AI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3261068871"/>
          <other otherDesc="Inhouse Asset ID" value="1559161"/>
        </identifiers>
        <balance>29925.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>972.56000000</valUSD>
        <pctVal>0.000660101273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-31</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>Y</isMandatoryConvrtbl>
          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>Country Garden Holdings Co. Ltd.</name>
              <title>Country Garden Holdings Co. Ltd.</title>
              <curCd>HKD</curCd>
              <identifiers>
                <isin value="KYG245241032"/>
              </identifiers>
            </dbtSecRefInstrument>
          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="100.00000000" curCd="USD"/>
          </currencyInfos>
          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Romania</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>Romania Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1313004928"/>
          <other otherDesc="Inhouse Asset ID" value="1193991"/>
        </identifiers>
        <balance>1450000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204277"/>
        <valUSD>1462197.63000000</valUSD>
        <pctVal>0.992430819947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Colombian Peso</name>
        <lei>N/A</lei>
        <title>Colombian Peso</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="COP"/>
        </identifiers>
        <balance>488013.80000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="COP" exchangeRt="3638.49000000"/>
        <valUSD>134.13000000</valUSD>
        <pctVal>0.000091037451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Egyptian Pound</name>
        <lei>N/A</lei>
        <title>Egyptian Pound</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="EGP"/>
        </identifiers>
        <balance>96354.92000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="EGP" exchangeRt="53.62000000"/>
        <valUSD>1797.00000000</valUSD>
        <pctVal>0.001219669726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EURO</name>
        <lei>N/A</lei>
        <title>EURO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="EUR"/>
        </identifiers>
        <balance>195.09000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="EUR" exchangeRt="0.85204277"/>
        <valUSD>228.97000000</valUSD>
        <pctVal>0.000155407778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rupiah</name>
        <lei>N/A</lei>
        <title>Rupiah</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="IDR"/>
        </identifiers>
        <balance>0.34000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="IDR" exchangeRt="17310.00000000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yen</name>
        <lei>N/A</lei>
        <title>Yen</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="JPY"/>
        </identifiers>
        <balance>-0.26000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tenge</name>
        <lei>N/A</lei>
        <title>Tenge</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="KZT"/>
        </identifiers>
        <balance>43544997.78999999</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="KZT" exchangeRt="463.28500000"/>
        <valUSD>93991.81000000</valUSD>
        <pctVal>0.063794638394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>KZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mexican Peso</name>
        <lei>N/A</lei>
        <title>Mexican Peso</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="MXN"/>
        </identifiers>
        <balance>-0.31000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="MXN" exchangeRt="17.46850000"/>
        <valUSD>-0.02000000</valUSD>
        <pctVal>-0.00000001357</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Naira</name>
        <lei>N/A</lei>
        <title>Naira</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="NGN"/>
        </identifiers>
        <balance>356087.63000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="NGN" exchangeRt="1375.75000000"/>
        <valUSD>258.83000000</valUSD>
        <pctVal>0.000175674521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>NG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Republic of Kazakhstan</name>
        <lei>5493007OEK8EF02UO833</lei>
        <title>Kazakhstan MEKKAM</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KZK100000423"/>
          <other otherDesc="Inhouse Asset ID" value="1477546"/>
        </identifiers>
        <balance>170000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="KZT" exchangeRt="463.28500000"/>
        <valUSD>365451.17000000</valUSD>
        <pctVal>0.248041028690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Republic of Ghana</name>
        <lei>213800PP4399SNNXZ126</lei>
        <title>Ghana Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <fairValLevel>2</fairValLevel>
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        <name>International Finance Corp.</name>
        <lei>QKL54NQY28TCDAI75F60</lei>
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        <cusip>N/A</cusip>
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          <isin value="XS3131612775"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Corp. Andina de Fomento</name>
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        <invCountry>MN</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Nuevo Sol</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <invCountry>PE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Russian Ruble</name>
        <lei>N/A</lei>
        <title>Russian Ruble</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="RUB"/>
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        <assetCat>STIV</assetCat>
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        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Uganda Shilling</name>
        <lei>N/A</lei>
        <title>Uganda Shilling</title>
        <cusip>N/A</cusip>
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          <other otherDesc="ISO Currency code" value="UGX"/>
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        <assetCat>STIV</assetCat>
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        <invCountry>UG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Dominican Republic</name>
        <lei>254900EHU7Q8FGVPI369</lei>
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          <isin value="US25714PES39"/>
          <other otherDesc="Inhouse Asset ID" value="1236396"/>
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        <invCountry>DO</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of Kazakhstan</name>
        <lei>5493007OEK8EF02UO833</lei>
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          <isin value="KZK200000729"/>
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        <invCountry>KZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>13.90000000</annualizedRt>
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      <invstOrSec>
        <name>Republic of Uzbekistan International Bond</name>
        <lei>213800L6VDKUM3TCM927</lei>
        <title>Uzbekistan Government Bond</title>
        <cusip>91824PAB3</cusip>
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          <isin value="US91824PAB31"/>
          <other otherDesc="Inhouse Asset ID" value="1360175"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>UZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Egypt Government Bond</title>
        <cusip>N/A</cusip>
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          <isin value="EGBGR05851F3"/>
          <other otherDesc="Inhouse Asset ID" value="1390300"/>
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        <invCountry>EG</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
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          <isin value="EGBGR05931F3"/>
          <other otherDesc="Inhouse Asset ID" value="1401519"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Argentina Bonos del Tesoro Nacional Capitalizable en Pesos</name>
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        <title>Argentina Bonos del Tesoro Nacional Capitalizable en Pesos</title>
        <cusip>N/A</cusip>
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          <isin value="AR0071678673"/>
          <other otherDesc="Inhouse Asset ID" value="1554183"/>
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        <invCountry>AR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Republic of Nigeria</name>
        <lei>549300GSBZD84TNEQ285</lei>
        <title>Nigeria Government Bond</title>
        <cusip>N/A</cusip>
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          <isin value="NGFG21203211"/>
          <other otherDesc="Inhouse Asset ID" value="1553827"/>
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        <invCountry>NG</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-25</maturityDt>
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          <annualizedRt>17.95000000</annualizedRt>
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        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Egypt Treasury Bills</title>
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          <isin value="EGT9980L7Q17"/>
          <other otherDesc="Inhouse Asset ID" value="1563162"/>
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        <invCountry>EG</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Colombia Government Bond</title>
        <cusip>N/A</cusip>
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          <isin value="XS3239891339"/>
          <other otherDesc="Inhouse Asset ID" value="1546617"/>
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        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Petra Diamonds Ltd.</name>
        <lei>213800X4QZIAVSA12860</lei>
        <title>Petra Diamonds Ltd.</title>
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          <other otherDesc="Inhouse Asset ID" value="1551189"/>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Ukraine</name>
        <lei>6354001WLTJXOMEXPY07</lei>
        <title>Ukraine Government Bond</title>
        <cusip>903724CH3</cusip>
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          <isin value="US903724CH33"/>
          <other otherDesc="Inhouse Asset ID" value="1557160"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>UA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Country Garden Holdings Co. Ltd.</name>
        <lei>549300MGHLPT1EFHGF84</lei>
        <title>Country Garden Holdings Co. Ltd., Series AI</title>
        <cusip>N/A</cusip>
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          <isin value="XS3261064292"/>
          <other otherDesc="Inhouse Asset ID" value="1559166"/>
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        <balance>988619.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>80424.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Country Garden Holdings Co. Ltd.</name>
        <lei>549300MGHLPT1EFHGF84</lei>
        <title>Country Garden Holdings Co. Ltd., Series AI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3261061603"/>
          <other otherDesc="Inhouse Asset ID" value="1559164"/>
        </identifiers>
        <balance>347369.82000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49065.99000000</valUSD>
        <pctVal>0.033302338677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Country Garden Holdings Co. Ltd.</name>
        <lei>549300MGHLPT1EFHGF84</lei>
        <title>Country Garden Holdings Co. Ltd., Series AI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3261062320"/>
          <other otherDesc="Inhouse Asset ID" value="1559165"/>
        </identifiers>
        <balance>55575.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4584.94000000</valUSD>
        <pctVal>0.003111915701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nigerian Petroleum Corp.</name>
        <lei>N/A</lei>
        <title>Nigerian Petroleum Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1556473"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1969761.00000000</valUSD>
        <pctVal>1.336927022875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.67401080</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>European Bank for Reconstruction &amp; Development</name>
        <lei>549300HTGDOVDU6OGK19</lei>
        <title>European Bank for Reconstruction &amp; Development</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3282202293"/>
          <other otherDesc="Inhouse Asset ID" value="1567558"/>
        </identifiers>
        <balance>115600000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.65750000"/>
        <valUSD>869444.97000000</valUSD>
        <pctVal>0.590114473429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-30</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rand</name>
        <lei>N/A</lei>
        <title>Rand</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="ZAR"/>
        </identifiers>
        <balance>0.05000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="ZAR" exchangeRt="16.65750000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-06-01</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Global Trust</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
