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        <name>Georgia Capital plc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>ICE Clear US</counterpartyName>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>ICE Clear US</counterpartyName>
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      <invstOrSec>
        <name>Absa Bank Ltd.</name>
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          <isin value="XS3281144702"/>
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        <invCountry>ZA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Citibank</counterpartyName>
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        <name>Republic of India</name>
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          <isin value="IN0020220029"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Merrill Lynch International</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>ICE Clear US</counterpartyName>
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        <name>Republic of Georgia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BW Energy Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Norwegian Krone</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Republic of Iceland</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EnQuest plc</name>
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        <title>EnQuest plc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Galileo Global Technologies Ltd.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Aris Mining Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Merrill Lynch International</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Absa Bank Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Republic of Ecuador</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pan African Resources plc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Republic of Albania</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Uzbekistan International Bond</name>
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        <name>Nigeria OMO Bill</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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      <invstOrSec>
        <name>OHI Group SA</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV</name>
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          <isin value="XS3326557520"/>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>ICE Clear US</counterpartyName>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>J.P. Morgan</counterpartyName>
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              <counterpartyName>ICE Clear US</counterpartyName>
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        <name>Movida Europe SA</name>
        <lei>549300YRJE0V6QKU7C86</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Albanian Government Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Merrill Lynch International</name>
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        <name>Banco Plata SA</name>
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        <name>Canacol Energy Ltd.</name>
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        <name>Eldorado Drilling Bondco 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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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HTA Group Ltd.</name>
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        <invCountry>MU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DRC International Bond</name>
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        <cusip>N/A</cusip>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of El Salvador</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>1</fairValLevel>
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        <name>Raizen Fuels Finance SA</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Genel Energy plc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Unigel Luxembourg SA</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Arab Republic of Egypt</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dominican Republic</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Ecuador</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley &amp; Co. International</name>
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        <name>Federated Hermes Treasury Obligations Fund</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Morgan Stanley &amp; Co. International</name>
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        <name>Merrill Lynch International</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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              <counterpartyName>ICE Clear US</counterpartyName>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>ICBC STANDARD BANK PLC</counterpartyName>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>J.P. Morgan</counterpartyName>
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        <name>Jadestone Energy UK plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Armenia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arab Republic of Egypt</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State Street SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Benin Government International Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Honduras</name>
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        <name>Arab Republic of Egypt</name>
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        <name>Kenya Shilling</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Morgan Stanley &amp; Co. International</name>
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        <name>N/A</name>
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        <name>Ashmore Group plc</name>
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        <name>Cia General de Combustibles SA</name>
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        <name>Absa Bank Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Absa Bank Ltd.</name>
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        <name>Allied Gold Corp.</name>
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              <counterpartyName>ICE Clear US</counterpartyName>
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                <issuerName>Oman Government International Bond</issuerName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>ICE Clear US</counterpartyName>
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                <issuerName>Republic of South Africa</issuerName>
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            <swapFlag>Y</swapFlag>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>ICE Clear US</counterpartyName>
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                <issuerName>Kingdom of Spain</issuerName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Citibank</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>ICBC Standard Bank Plc</counterpartyName>
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      <invstOrSec>
        <name>JPMorgan Chase Bank, N.A.</name>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. International</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley &amp; Co. International</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>West Wits Mining Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Laos Government International Bond</name>
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        <title>Laos Government International Bond</title>
        <cusip>N/A</cusip>
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        <fairValLevel>2</fairValLevel>
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        <invCountry>AL</invCountry>
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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>1</fairValLevel>
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        <name>Cie Maritime Monegasque Osv BV</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>ICE Clear US</counterpartyName>
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        <name>Salmon Group Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Kenya</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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        <name>VAALCO Energy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>ICE Clear US</counterpartyName>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <name>Republic of Armenia</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Raizen Fuels Finance SA</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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          <other otherDesc="Future Ticker" value="ESU6 Index"/>
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        <assetCat>DE</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>ICE Clear US</counterpartyName>
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                <issuerName>Occidental Petroleum Corp.</issuerName>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
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          <isin value="EGT9980I8Q12"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDS</title>
        <cusip>N/A</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>ICE Clear US</counterpartyName>
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              <otherRefInst>
                <issuerName>Republic of Turkiye (The)</issuerName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>DTRS</title>
        <cusip>N/A</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>ICBC STANDARD BANK PLC</counterpartyName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      <invstOrSec>
        <name>Nigeria OMO Bill</name>
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          <ticker value="NGOMOB"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Citibank</counterpartyName>
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        <name>Merrill Lynch International</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ASA Gold and Precious Metals Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>IuteCredit Finance Sarl</name>
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        <name>Endeavour Mining plc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Arab Republic of Egypt</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Papua New Guinea Government International Bond</name>
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        <name>Absa Bank Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Stichting Administratiekantoor Unigel Creditors</name>
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        <name>Limak Iskenderun Uluslararasi Liman Isletmeciligi A/S</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Benin</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>ICE Clear US</counterpartyName>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley &amp; Co. International</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>ICE Clear US</counterpartyName>
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        <name>Argentine Republic (The)</name>
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        <name>Asian Infrastructure Investment Bank (The)</name>
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        <name>Central and Eastern Europe Fund, Inc.</name>
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          <other otherDesc="Inhouse Asset ID" value="880574VXS"/>
        </identifiers>
        <balance>23200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-85178.11000000</valUSD>
        <pctVal>-0.00638803261</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>ICE Clear US</counterpartyName>
              <counterpartyLei>549300HWWR1D8OTS2G29</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Republic of Chile</issuerName>
                <issueTitle>Republic of Chile</issueTitle>
                <identifiers>
                  <cusip value="168863CF3"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Receipt of notional amount upon default event with regard to the reference instrument</otherRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.00000000"/>
            <terminationDt>2035-12-20</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>372888.02000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>23200000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-85178.11000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="880528VXS"/>
        </identifiers>
        <balance>63000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-518755.66000000</valUSD>
        <pctVal>-0.03890469131</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>ICE Clear US</counterpartyName>
              <counterpartyLei>549300HWWR1D8OTS2G29</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Kingdom of Saudi Arabia</issuerName>
                <issueTitle>Kingdom of Saudi Arabia</issueTitle>
                <identifiers>
                  <isin value="XS2747598444"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Receipt of notional amount upon default event with regard to the reference instrument</otherRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.00000000"/>
            <terminationDt>2035-12-20</terminationDt>
            <upfrontPmnt>26180.89000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>63000000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-518755.66000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="880268VXS"/>
        </identifiers>
        <balance>17600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-80175.64000000</valUSD>
        <pctVal>-0.00601286649</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>ICE Clear US</counterpartyName>
              <counterpartyLei>549300HWWR1D8OTS2G29</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Republic of Indonesia</issuerName>
                <issueTitle>Republic of Indonesia</issueTitle>
                <identifiers>
                  <cusip value="455780CY0"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Receipt of notional amount upon default event with regard to the reference instrument</otherRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.00000000"/>
            <terminationDt>2029-12-20</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>85035.23000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>17600000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-80175.64000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="880596VXS"/>
        </identifiers>
        <balance>13200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-165203.26000000</valUSD>
        <pctVal>-0.01238961293</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>ICE Clear US</counterpartyName>
              <counterpartyLei>549300HWWR1D8OTS2G29</counterpartyLei>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Kingdom of Saudi Arabia</issuerName>
                <issueTitle>Kingdom of Saudi Arabia</issueTitle>
                <identifiers>
                  <isin value="XS2747598444"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Receipt of notional amount upon default event with regard to the reference instrument</otherRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.00000000"/>
            <terminationDt>2031-06-20</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>75636.29000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>13200000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-165203.26000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Arab Republic of Egypt</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="EGT9980S7Q12"/>
        </identifiers>
        <balance>424525000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EGP" exchangeRt="49.13000000"/>
        <valUSD>8559465.74000000</valUSD>
        <pctVal>0.641927207899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-28</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>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="96128"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-28489.77000000</valUSD>
        <pctVal>-0.00213662383</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Forward Foreign Currency Contract" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Citibank</counterpartyName>
              <counterpartyLei>MBNUM2BPBDO7JBLYG310</counterpartyLei>
            </counterparties>
            <amtCurSold>2328445.75000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>3970000000.00000000</amtCurPur>
            <curPur>ARS</curPur>
            <settlementDt>2027-03-10</settlementDt>
            <unrealizedAppr>-28489.77000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Icelandic Krona</name>
        <lei>N/A</lei>
        <title>Icelandic Krona</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="ISK"/>
        </identifiers>
        <balance>55039999.23000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="ISK" exchangeRt="125.84500000"/>
        <valUSD>437363.42000000</valUSD>
        <pctVal>0.032800584471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>IS</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Albanian Government Bond</name>
        <lei>254900EDM43U3SGRND29</lei>
        <title>Albanian Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AL000A4D87M9"/>
        </identifiers>
        <balance>68700000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="ALL" exchangeRt="82.27000000"/>
        <valUSD>831703.97000000</valUSD>
        <pctVal>0.062374618168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.85000000</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>Hibiscus Petroleum Bhd.</name>
        <lei>N/A</lei>
        <title>Hibiscus Petroleum Bhd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL5199OO004"/>
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        <balance>1729100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.07750000"/>
        <valUSD>776027.71000000</valUSD>
        <pctVal>0.058199111517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase Bank, N.A.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase Bank, N.A.</title>
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        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BTI48P0M7"/>
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        <balance>5992976.68000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5992976.68000000</valUSD>
        <pctVal>0.449450340016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="8I5DZWZKVSZI1NUHU748" name="JPMorgan Chase Bank, N.A."/>
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          <isTriParty>N</isTriParty>
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            <repurchaseCollateral>
              <principalAmt>5500000.00000000</principalAmt>
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              <collateralVal>5881666.34000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="NON-U.S. Sovereign" invstCat="Other instrument"/>
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        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="880375VXS"/>
        </identifiers>
        <balance>13000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-108346.29000000</valUSD>
        <pctVal>-0.00812555754</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>ICE Clear US</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>State of Qatar</issuerName>
                <issueTitle>State of Qatar</issueTitle>
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                  <cusip value="M81805AD1"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Receipt of notional amount upon default event with regard to the reference instrument</otherRecDesc>
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            <curCd>USD</curCd>
            <unrealizedAppr>-108346.29000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="880415VXS"/>
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        <balance>2140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-4377.54000000</valUSD>
        <pctVal>-0.00032829876</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>ICE Clear US</counterpartyName>
              <counterpartyLei>549300HWWR1D8OTS2G29</counterpartyLei>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Bank of China Ltd.</issuerName>
                <issueTitle>Bank of China Ltd.</issueTitle>
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                  <isin value="XS2190999834"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Receipt of notional amount upon default event with regard to the reference instrument</otherRecDesc>
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            <upfrontRcpt>46662.52000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>2140000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-4377.54000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Energean plc</name>
        <lei>549300RVMKU0CYUZBB05</lei>
        <title>Energean plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BG12Y042"/>
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        <balance>97800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75389197"/>
        <valUSD>886682.75000000</valUSD>
        <pctVal>0.066497816486</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase Bank, N.A.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase Bank, N.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BTI48P0E5"/>
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        <balance>3813712.43000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3813712.43000000</valUSD>
        <pctVal>0.286013852532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="8I5DZWZKVSZI1NUHU748" name="JPMorgan Chase Bank, N.A."/>
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          <isTriParty>N</isTriParty>
          <repurchaseRt>3.04999920</repurchaseRt>
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        <fairValLevel>2</fairValLevel>
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        <name>Merrill Lynch International</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nigeria OMO Bill</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Torex Gold Resources, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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    <signature>
      <ncom:dateSigned>2026-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Artisan Partners Funds Inc.</ncom:nameOfApplicant>
      <ncom:signature>Shannon K. Jagodinski</ncom:signature>
      <ncom:signerName>Shannon K. Jagodinski</ncom:signerName>
      <ncom:title>Chief Financial Officer, Vice President and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
