Vanguard® Emerging Markets Government Bond Index Fund
Schedule of Investments (unaudited)
As of July 31, 2026
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
U.S. Government and Agency Obligations (0.1%)    
  United States Treasury Note/Bond    4.125%  6/30/2028     710       708
1 United States Treasury Note/Bond    4.125%  2/15/2036     700       669
  United States Treasury Note/Bond    5.000%  5/15/2046   1,145     1,108
  United States Treasury Note/Bond    4.750%  2/15/2056   1,805     1,668
Total U.S. Government and Agency Obligations (Cost $4,212)   4,153
Corporate Bonds (12.7%)    
Argentina (0.1%)    
2,3 YPF SA  8.250%  1/17/2034   5,180     5,469
3 YPF SA  8.250%  1/17/2034   3,130     3,304
                                    8,773
Chile (0.2%)    
  Corp. Nacional del Cobre de Chile  6.440%  1/26/2036   7,744     8,061
  Corp. Nacional del Cobre de Chile  3.700%  1/30/2050  13,010     8,631
                                   16,692
China (0.4%)    
  China Taiping Insurance Holdings Co. Ltd.  6.400%  Perpetual   8,800     9,037
  CNAC HK Finbridge Co. Ltd.  5.125%  3/14/2028   9,313     9,369
  Sinopec Group Overseas Development 2018 Ltd.  2.700%  5/13/2030   6,261     5,873
                                   24,279
Colombia (0.8%)    
  Ecopetrol SA  6.875%  4/29/2030  10,508    10,660
  Ecopetrol SA  7.750%   2/1/2032   8,493     8,760
  Ecopetrol SA  8.875%  1/13/2033  13,090    14,125
  Ecopetrol SA  8.375%  1/19/2036   9,865    10,420
  Ecopetrol SA  5.875%  5/28/2045   9,175     7,289
                                   51,254
Indonesia (0.2%)    
  Freeport Indonesia PT  5.315%  4/14/2032   7,161     7,001
  Pertamina Persero PT  6.450%  5/30/2044   8,016     7,828
                                   14,829
Malaysia (1.0%)    
  Petronas Capital Ltd.  3.500%  4/21/2030  14,252    13,598
2 Petronas Capital Ltd.  4.950%   1/3/2031   6,758     6,778
  Petronas Capital Ltd.  4.950%   1/3/2031   5,175     5,190
2 Petronas Capital Ltd.  5.340%   4/3/2035   4,932     4,952
  Petronas Capital Ltd.  5.340%   4/3/2035   4,415     4,432
  Petronas Capital Ltd.  4.500%  3/18/2045   7,825     6,589
  Petronas Capital Ltd.  4.550%  4/21/2050  13,838    11,447
2 Petronas Capital Ltd.  5.848%   4/3/2055   7,100     7,002
  Petronas Capital Ltd.  5.848%   4/3/2055     500       493
  Petronas Capital Ltd.  3.404%  4/28/2061   8,610     5,450
                                   65,931
Mexico (2.9%)    
  Mexico City Airport Trust  5.500%  7/31/2047   9,329     7,855
3 Petroleos Mexicanos  8.750%   6/2/2029  11,074    11,776
  Petroleos Mexicanos  6.840%  1/23/2030  11,557    11,738
  Petroleos Mexicanos  5.950%  1/28/2031  19,534    19,106
3 Petroleos Mexicanos  6.700%  2/16/2032  34,069    34,006
  Petroleos Mexicanos 10.000%   2/7/2033   9,690    11,218
  Petroleos Mexicanos  6.625%  6/15/2035  13,541    12,871
  Petroleos Mexicanos  6.500%   6/2/2041   6,075     5,293
  Petroleos Mexicanos  6.750%  9/21/2047  27,350    22,413
  Petroleos Mexicanos  6.350%  2/12/2048   8,088     6,376
  Petroleos Mexicanos  7.690%  1/23/2050  40,942    36,533
  Petroleos Mexicanos  6.950%  1/28/2060  19,066    15,368
                                  194,553
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
Peru (0.1%)    
  Petroleos del Peru SA  5.625%  6/19/2047   9,691     6,962
Qatar (0.7%)    
  Qatar Energy  2.250%  7/12/2031  20,992    18,434
  Qatar Energy  3.125%  7/12/2041  17,127    12,403
  Qatar Energy  3.300%  7/12/2051  20,331    13,244
                                   44,081
Saudi Arabia (5.2%)    
  Gaci First Investment Co.  5.000%  1/29/2029   9,378     9,328
  Gaci First Investment Co.  4.875%  5/14/2029  13,595    13,461
  Gaci First Investment Co.  5.250%  1/29/2030  13,863    13,827
  Gaci First Investment Co.  4.750%  2/14/2030   8,140     7,992
  Gaci First Investment Co.  5.250% 10/13/2032   8,250     8,161
  Gaci First Investment Co.  5.250%  5/14/2033   8,651     8,503
  Gaci First Investment Co.  5.250%  1/29/2034  10,591    10,365
  Gaci First Investment Co.  5.625%  7/29/2034   8,395     8,391
  Gaci First Investment Co.  4.875%  2/14/2035   9,773     9,276
  Gaci First Investment Co.  5.000%  9/15/2035  14,490    13,813
  Gaci First Investment Co.  5.125%  2/14/2053   9,446     7,706
  Gaci First Investment Co.  5.375%  1/29/2054   7,815     6,566
  Gaci First Investment Co.  6.250%  5/14/2056  11,859    11,179
2 SA Global Sukuk Ltd.  4.250%  10/2/2029   5,000     4,869
  SA Global Sukuk Ltd.  4.250%  10/2/2029   2,600     2,535
2 SA Global Sukuk Ltd.  4.125%  9/17/2030   4,659     4,465
  SA Global Sukuk Ltd.  4.125%  9/17/2030   4,500     4,311
  SA Global Sukuk Ltd.  2.694%  6/17/2031  15,926    14,159
2 SA Global Sukuk Ltd.  4.750%  10/2/2034   5,225     4,997
  SA Global Sukuk Ltd.  4.750%  10/2/2034   1,125     1,071
2 SA Global Sukuk Ltd.  4.625%  9/17/2035   2,810     2,623
  SA Global Sukuk Ltd.  4.625%  9/17/2035   3,725     3,478
  Saudi Arabian Oil Co.  3.500%  4/16/2029  18,291    17,571
2 Saudi Arabian Oil Co.  4.750%   6/2/2030   4,800     4,721
  Saudi Arabian Oil Co.  4.750%   6/2/2030   1,400     1,378
  Saudi Arabian Oil Co.  2.250% 11/24/2030  11,100     9,821
2 Saudi Arabian Oil Co.  4.375%   2/2/2031   4,690     4,530
  Saudi Arabian Oil Co.  5.250%  7/17/2034  10,829    10,665
  Saudi Arabian Oil Co.  4.250%  4/16/2039  16,258    13,908
  Saudi Arabian Oil Co.  4.375%  4/16/2049  14,625    10,955
  Saudi Arabian Oil Co.  3.250% 11/24/2050  11,975     7,299
  Saudi Arabian Oil Co.  5.750%  7/17/2054   9,820     8,778
2 Saudi Arabian Oil Co.  6.375%   6/2/2055   6,220     6,020
  Saudi Arabian Oil Co.  6.375%   6/2/2055   4,650     4,499
  Saudi Arabian Oil Co.  5.875%  7/17/2064   9,992     8,838
  Saudi Arabian Oil Co.  3.500% 11/24/2070  11,111     6,421
  Saudi Electricity Sukuk Programme Co.  5.225%  2/18/2030   7,455     7,464
  Saudi Electricity Sukuk Programme Co.  5.684%  4/11/2053   6,982     6,563
4 SRC Sukuk Ltd.  4.375%   4/2/2029   9,590     9,405
  Suci Second Investment Co.  4.375%  9/10/2027   5,971     5,947
  Suci Second Investment Co.  6.000% 10/25/2028  11,482    11,707
  Suci Second Investment Co.  5.171%   3/5/2031  10,291    10,198
  Suci Second Investment Co.  5.133%  1/28/2036   9,600     9,320
                                  347,084
Turkiye (0.1%)    
  TPAO Varlik Kiralama ASA  6.300%   3/4/2031   7,400     7,116
United Arab Emirates (1.0%)    
3 Abu Dhabi Crude Oil Pipeline LLC  4.600%  11/2/2047  12,468    10,710
  Adnoc Murban Rsc Ltd.  4.500%  9/11/2034   7,687     7,267
2 Adnoc Murban Rsc Ltd.  5.125%  9/11/2054   3,570     3,038
  Adnoc Murban Rsc Ltd.  5.125%  9/11/2054   3,775     3,210
2 Adnoc Murban Sukuk Ltd.  4.750%   5/6/2035   6,650     6,448
  Adnoc Murban Sukuk Ltd.  4.750%   5/6/2035   1,000       968
  DP World Crescent Ltd.  5.500%  9/13/2033   9,135     8,927
2 DP World Crescent Ltd.  5.500%   5/8/2035   3,050     2,969
  DP World Crescent Ltd.  5.500%   5/8/2035   4,750     4,610
2 DP World Ltd.  6.850%   7/2/2037   7,490     7,744
  MDGH GMTN RSC Ltd.  3.700%  11/7/2049   8,573     5,837
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  MDGH GMTN RSC Ltd.  3.950%  5/21/2050   9,685     6,897
                                   68,625
Total Corporate Bonds (Cost $893,168)   850,179
Sovereign Bonds (85.2%)    
Angola (1.0%)    
  Republic of Angola  8.250%   5/9/2028   4,570     4,763
  Republic of Angola  8.000% 11/26/2029   7,278     7,448
2 Republic of Angola  9.244%  1/15/2031   4,279     4,478
  Republic of Angola  9.244%  1/15/2031   3,200     3,345
  Republic of Angola  8.750%  4/14/2032   8,791     8,974
2 Republic of Angola  9.375%  3/31/2033   6,630     6,830
  Republic of Angola  9.375%  3/31/2033     400       412
2 Republic of Angola  9.875% 10/15/2035   1,755     1,841
  Republic of Angola  9.875% 10/15/2035   1,939     2,032
2 Republic of Angola  9.875%  3/31/2037   9,360     9,719
  Republic of Angola  9.375%   5/8/2048   8,785     8,438
  Republic of Angola  9.125% 11/26/2049   6,651     6,236
                                   64,516
Argentina (3.7%)    
  Provincia de Buenos Aires  6.625%   9/1/2037  27,589    22,899
  Republic of Argentina  1.000%   7/9/2029   8,268     7,416
  Republic of Argentina  5.000%   1/9/2038  57,060    47,070
5 Republic of Argentina, 1.750% coupon rate effective 7/9/2027  0.750%   7/9/2030  51,459    44,948
5 Republic of Argentina, 4.375% coupon rate effective 7/9/2027  4.125%   7/9/2046   9,032     6,718
5 Republic of Argentina, 4.750% coupon rate effective 7/9/2027  4.125%   7/9/2035 101,335    79,975
5 Republic of Argentina, 4.875% coupon rate effective 7/9/2029  3.500%   7/9/2041  52,292    38,665
                                  247,691
Armenia (0.1%)    
  Republic of Armenia  3.950%  9/26/2029   2,750     2,621
  Republic of Armenia  3.600%   2/2/2031   3,791     3,459
2 Republic of Armenia  6.750%  3/12/2035   3,425     3,555
                                    9,635
Azerbaijan (0.1%)    
3 Republic of Azerbaijan  3.500%   9/1/2032   5,360     4,953
Bahamas (0.1%)    
3 Commonwealth of Bahamas  8.950% 10/15/2032   3,199     3,575
2 Commonwealth of Bahamas  8.250%  6/24/2036   4,260     4,723
  Commonwealth of Bahamas  8.250%  6/24/2036   1,050     1,164
                                    9,462
Bahrain (1.9%)    
  CBB International Sukuk Programme Co. WLL  3.950%  9/16/2027   4,754     4,605
  CBB International Sukuk Programme Co. WLL  3.875%  5/18/2029   4,473     4,133
  CBB International Sukuk Programme Co. WLL  6.250% 10/18/2030   5,200     5,057
  CBB International Sukuk Programme Co. WLL  6.000%  2/12/2031   5,068     4,849
2 CBB International Sukuk Programme Co. WLL  5.875%   6/5/2032   4,460     4,218
  CBB International Sukuk Programme Co. WLL  5.875%   6/5/2032   1,595     1,513
2 CBB International Sukuk Programme Co. WLL  6.250%   7/7/2033   4,302     4,162
  CBB International Sukuk Programme Co. WLL  6.250%   7/7/2033   4,750     4,603
2 CBB International Sukuk Programme Co. WLL  5.874%   2/6/2034   5,375     5,023
  CBB International Sukuk Programme Co. WLL  5.874%   2/6/2034   3,050     2,852
2 CBB International Sukuk Programme Co. WLL  6.124%   9/3/2034   3,610     3,411
  CBB International Sukuk Programme Co. WLL  6.124%   9/3/2034     893       845
  Kingdom of Bahrain  4.250%  1/25/2028   2,925     2,796
  Kingdom of Bahrain  7.000% 10/12/2028   7,485     7,416
  Kingdom of Bahrain  6.750%  9/20/2029   6,578     6,409
  Kingdom of Bahrain  7.375%  5/14/2030   5,437     5,386
  Kingdom of Bahrain  5.625%  9/30/2031   6,120     5,610
  Kingdom of Bahrain  5.450%  9/16/2032   5,693     5,104
  Kingdom of Bahrain  5.250%  1/25/2033   5,211     4,602
  Kingdom of Bahrain  5.625%  5/18/2034   5,738     5,040
  Kingdom of Bahrain  7.750%  4/18/2035   5,348     5,301
  Kingdom of Bahrain  7.500%  2/12/2036   5,516     5,367
2 Kingdom of Bahrain  7.125%  6/10/2036   3,750     3,554
2 Kingdom of Bahrain  7.500%   7/7/2037   2,877     2,789
  Kingdom of Bahrain  7.500%   7/7/2037     800       775
2 Kingdom of Bahrain  6.625%  10/6/2037   4,200     3,780
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Kingdom of Bahrain  6.625%  10/6/2037     200       180
2 Kingdom of Bahrain  7.100%   2/3/2038   6,700     6,224
  Kingdom of Bahrain  6.000%  9/19/2044   6,454     5,160
  Kingdom of Bahrain  7.500%  9/20/2047   4,759     4,377
  Kingdom of Bahrain  6.250%  1/25/2051   2,451     1,960
                                  127,101
Barbados (0.0%)    
2,3 Government of Barbados  8.000%  6/26/2035   2,000     2,116
3 Government of Barbados  8.000%  6/26/2035     240       254
                                    2,370
Benin (0.2%)    
2 Benin Sukuk SA  6.200%  1/29/2033   2,540     2,446
2,3 Republic of Benin  7.960%  2/13/2038   1,524     1,574
3 Republic of Benin  7.960%  2/13/2038   4,184     4,327
2,3 Republic of Benin  8.375%  1/23/2041   2,000     2,121
3 Republic of Benin  8.375%  1/23/2041     400       424
                                   10,892
Bermuda (0.1%)    
  Government of Bermuda  2.375%  8/20/2030   3,255     2,920
  Government of Bermuda  5.000%  7/15/2032   4,316     4,262
  Government of Bermuda  3.375%  8/20/2050   3,630     2,414
                                    9,596
Bolivia (0.2%)    
3 Bolivian Government  4.500%  3/20/2028   3,538     3,404
  Bolivian Government  7.500%   3/2/2030   4,130     4,004
2 Bolivian Government  9.450%  5/14/2031   3,650     3,709
  Bolivian Government  9.450%  5/14/2031   1,200     1,220
                                   12,337
Brazil (3.5%)    
  Federative Republic of Brazil  4.625%  1/13/2028  12,059    12,066
  Federative Republic of Brazil  4.500%  5/30/2029   9,821     9,755
  Federative Republic of Brazil  3.875%  6/12/2030  18,283    17,364
  Federative Republic of Brazil  5.500%  11/6/2030  12,620    12,680
  Federative Republic of Brazil  6.250%  3/18/2031   9,575     9,858
  Federative Republic of Brazil  3.750%  9/12/2031   7,877     7,232
  Federative Republic of Brazil  6.125%  1/22/2032   9,635     9,756
  Federative Republic of Brazil  5.500%   2/4/2033   7,270     7,066
  Federative Republic of Brazil  6.000% 10/20/2033  11,058    11,004
  Federative Republic of Brazil  8.250%  1/20/2034   7,132     7,969
  Federative Republic of Brazil  6.125%  3/15/2034  10,986    10,888
  Federative Republic of Brazil  6.625%  3/15/2035  22,355    22,604
  Federative Republic of Brazil  6.250%  5/22/2036  17,762    17,239
  Federative Republic of Brazil  7.125%  1/20/2037   7,910     8,334
  Federative Republic of Brazil  5.625%   1/7/2041  11,550    10,439
  Federative Republic of Brazil  5.000%  1/27/2045  15,863    12,243
  Federative Republic of Brazil  5.625%  2/21/2047  11,645     9,552
  Federative Republic of Brazil  4.750%  1/14/2050  16,579    11,751
  Federative Republic of Brazil  7.125%  5/13/2054   9,494     9,107
  Federative Republic of Brazil  7.250%  1/12/2056  17,112    16,441
                                  233,348
Bulgaria (0.1%)    
  Republic of Bulgaria  5.000%   3/5/2037   7,496     7,140
Cameroon (0.1%)    
3 Republic of Cameroon  9.500%  7/31/2031   2,800     2,795
3 Republic of Cameroon  8.875%  1/30/2033   4,110     3,968
                                    6,763
Chad (0.1%)    
2 DRC International Bond  8.750%  4/16/2032   3,000     3,095
2 DRC International Bond  9.500%  4/16/2037   3,195     3,329
                                    6,424
Chile (1.9%)    
  Republic of Chile  3.240%   2/6/2028   2,250     2,201
  Republic of Chile  4.850%  1/22/2029   9,120     9,116
  Republic of Chile  2.450%  1/31/2031   7,423     6,652
  Republic of Chile  4.350%  4/13/2031   6,085     5,902
  Republic of Chile  2.550%  1/27/2032   5,818     5,092
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Republic of Chile  2.550%  7/27/2033  11,856     9,965
  Republic of Chile  3.500%  1/31/2034   7,964     7,078
  Republic of Chile  4.950%   1/5/2036  16,667    16,122
  Republic of Chile  5.650%  1/13/2037   8,555     8,669
  Republic of Chile  3.100%   5/7/2041  14,355    10,496
  Republic of Chile  4.340%   3/7/2042  10,744     9,067
  Republic of Chile  3.860%  6/21/2047   4,265     3,190
  Republic of Chile  3.500%  1/25/2050  11,630     7,962
  Republic of Chile  4.000%  1/31/2052   4,447     3,306
  Republic of Chile  3.500%  4/15/2053   8,507     5,672
  Republic of Chile  5.330%   1/5/2054   6,520     5,928
  Republic of Chile  3.100%  1/22/2061   9,443     5,536
  Republic of Chile  3.250%  9/21/2071   4,778     2,806
                                  124,760
China (0.9%)    
  China Government Bond  2.625%  11/2/2027   1,761     1,734
  China Government Bond  4.125% 11/20/2027   4,430     4,439
  China Government Bond  3.500% 10/19/2028   4,992     4,947
2 China Government Bond  3.625% 11/13/2028   3,840     3,807
  China Government Bond  3.625% 11/13/2028   5,700     5,651
  China Government Bond  4.250% 11/20/2029   3,500     3,527
  China Government Bond  2.125%  12/3/2029   9,325     8,795
  China Government Bond  1.200% 10/21/2030  12,036    10,698
2 China Government Bond  3.750% 11/13/2030   2,550     2,510
  China Government Bond  3.750% 11/13/2030   1,700     1,674
  China Government Bond  1.750% 10/26/2031   7,734     6,904
  China Government Bond  2.750%  12/3/2039   1,875     1,577
  China Government Bond  4.000% 10/19/2048   2,293     2,076
  China Government Bond  2.250% 10/21/2050   1,921     1,242
  China Government Bond  2.500% 10/26/2051   2,475     1,669
                                   61,250
Colombia (2.1%)    
  Republic of Colombia  5.375%  1/21/2029   9,943     9,920
  Republic of Colombia  4.500%  3/15/2029   7,229     7,045
  Republic of Colombia  3.000%  1/30/2030   5,967     5,435
  Republic of Colombia  7.375%  4/25/2030   9,542    10,002
  Republic of Colombia  6.125%  1/21/2031   7,242     7,267
  Republic of Colombia  3.125%  4/15/2031  10,190     8,990
  Republic of Colombia  3.250%  4/22/2032   7,558     6,499
  Republic of Colombia  6.500%  1/21/2033   7,200     7,228
  Republic of Colombia  8.000%  4/20/2033   6,090     6,579
  Republic of Colombia  7.500%   2/2/2034  11,805    12,406
  Republic of Colombia  8.000% 11/14/2035   4,143     4,492
  Republic of Colombia  7.750%  11/7/2036   8,973     9,595
  Republic of Colombia  7.375%  9/18/2037   7,959     8,263
  Republic of Colombia  6.125%  1/18/2041  10,647     9,664
  Republic of Colombia  5.625%  2/26/2044  10,063     8,361
  Republic of Colombia  5.000%  6/15/2045  11,681     8,908
  Republic of Colombia  5.200%  5/15/2049   8,397     6,390
  Republic of Colombia  4.125%  5/15/2051   3,649     2,358
  Republic of Colombia  8.375%  11/7/2054   3,807     4,181
                                  143,583
Congo (0.1%)    
3 Congolese International Bond  9.500%  2/17/2035   3,400     3,283
  Congolese International Bond  9.500%  5/26/2036   4,350     4,145
                                    7,428
Costa Rica (0.5%)    
  Republic of Costa Rica  6.125%  2/19/2031   6,358     6,496
3 Republic of Costa Rica  6.550%   4/3/2034   7,195     7,531
  Republic of Costa Rica  5.625%  4/30/2043   2,369     2,206
  Republic of Costa Rica  7.000%   4/4/2044   5,040     5,308
  Republic of Costa Rica  7.158%  3/12/2045   6,752     7,176
3 Republic of Costa Rica  7.300% 11/13/2054   7,280     7,880
                                   36,597
Dominican Republic (2.1%)    
  Dominican Republic  6.000%  7/19/2028   5,948     6,003
  Dominican Republic  5.500%  2/22/2029   9,013     8,967
  Dominican Republic  4.500%  1/30/2030   9,763     9,350
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Dominican Republic  7.050%   2/3/2031   5,942     6,185
  Dominican Republic  4.875%  9/23/2032  15,064    14,113
  Dominican Republic  6.000%  2/22/2033   9,031     8,948
2 Dominican Republic  5.750%  3/17/2034   6,103     5,911
  Dominican Republic  5.750%  3/17/2034     250       242
2 Dominican Republic  5.875% 10/28/2035     343       331
  Dominican Republic  5.875% 10/28/2035   7,760     7,490
2 Dominican Republic  6.600%   6/1/2036   2,700     2,743
  Dominican Republic  6.600%   6/1/2036     950       965
2 Dominican Republic  6.950%  3/15/2037   6,555     6,753
  Dominican Republic  6.950%  3/15/2037   3,560     3,667
2 Dominican Republic  6.150%  5/17/2038   7,324     7,039
  Dominican Republic  6.150%  5/17/2038     200       192
  Dominican Republic  5.300%  1/21/2041   6,700     5,787
  Dominican Republic  7.450%  4/30/2044   8,272     8,671
  Dominican Republic  6.850%  1/27/2045   9,417     9,266
  Dominican Republic  6.500%  2/15/2048   5,620     5,317
  Dominican Republic  6.400%   6/5/2049   7,253     6,758
2 Dominican Republic  7.150%  2/24/2055   3,220     3,277
  Dominican Republic  7.150%  2/24/2055   2,128     2,165
  Dominican Republic  5.875%  1/30/2060  15,413    13,051
                                  143,191
Ecuador (1.0%)    
3 Republic of Ecuador  0.000%  7/31/2030   4,013     3,403
  Republic of Ecuador  6.900%  7/31/2030   2,680     2,668
2 Republic of Ecuador  8.750%  1/29/2034  11,198    11,099
  Republic of Ecuador  8.750%  1/29/2034   4,400     4,361
  Republic of Ecuador  6.900%  7/31/2035  27,271    24,581
2 Republic of Ecuador  9.250%  1/29/2039   9,047     9,020
  Republic of Ecuador  9.250%  1/29/2039   2,650     2,642
5 Republic of Ecuador, 6.000% coupon rate effective 7/31/2027  5.500%  7/31/2040  13,718    11,091
                                   68,865
Egypt (1.9%)    
  Arab Republic of Egypt  5.800%  9/30/2027   5,320     5,303
  Arab Republic of Egypt  6.588%  2/21/2028   6,300     6,330
  Arab Republic of Egypt  7.600%   3/1/2029   9,789    10,028
  Arab Republic of Egypt  8.625%   2/4/2030   7,970     8,396
  Arab Republic of Egypt  5.875%  2/16/2031   7,410     7,095
  Arab Republic of Egypt  7.053%  1/15/2032   4,925     4,848
  Arab Republic of Egypt  7.625%  5/29/2032   8,769     8,813
2 Arab Republic of Egypt  9.450%   2/4/2033   3,611     3,931
  Arab Republic of Egypt  9.450%   2/4/2033   2,550     2,774
  Arab Republic of Egypt  7.300%  9/30/2033   5,675     5,573
2 Arab Republic of Egypt  7.625%  5/20/2034   4,875     4,827
  Arab Republic of Egypt  6.875%  4/30/2040   2,646     2,435
  Arab Republic of Egypt  8.500%  1/31/2047  12,546    11,783
  Arab Republic of Egypt  7.903%  2/21/2048   7,484     6,609
  Arab Republic of Egypt  8.700%   3/1/2049   7,620     7,254
  Arab Republic of Egypt  8.875%  5/29/2050  10,115     9,724
  Arab Republic of Egypt  8.750%  9/30/2051   3,600     3,426
  Arab Republic of Egypt  8.150% 11/20/2059   2,313     2,058
  Arab Republic of Egypt  7.500%  2/16/2061   7,254     6,022
2 Egypt Taskeek Co.  6.375%   4/7/2029   2,300     2,323
2 Egypt Taskeek Co.  7.950%  10/7/2032   2,464     2,579
  Egyptian Financial Co. for Sovereign Taskeek  6.375%   4/7/2029   1,100     1,110
  Egyptian Financial Co. for Sovereign Taskeek  7.950%  10/7/2032   1,400     1,466
                                  124,707
El Salvador (0.5%)    
  Republic of El Salvador  8.625%  2/28/2029   3,004     3,163
3 Republic of El Salvador  9.250%  4/17/2030   4,464     4,780
  Republic of El Salvador  8.250%  4/10/2032   2,633     2,819
  Republic of El Salvador  7.650%  6/15/2035   4,105     4,246
  Republic of El Salvador  7.625%   2/1/2041   2,650     2,674
  Republic of El Salvador  7.125%  1/20/2050   4,160     3,828
  Republic of El Salvador  9.500%  7/15/2052   4,320     4,844
2,3 Republic of El Salvador  9.650% 11/21/2054   3,850     4,365
3 Republic of El Salvador  9.650% 11/21/2054     850       964
                                   31,683
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
Gabon (0.1%)    
  Republic of Gabon  9.500%  2/18/2029   2,900     2,833
3 Republic of Gabon  6.625%   2/6/2031   4,560     4,031
  Republic of Gabon  7.000% 11/24/2031   2,237     1,973
                                    8,837
Georgia (0.0%)    
2 Republic of Georgia  5.125%  1/28/2031   2,360     2,285
Ghana (0.5%)    
3 Republic of Ghana  0.000%   1/3/2030       1         1
2,3 Republic of Ghana  1.500%   1/3/2037   3,545     2,049
3 Republic of Ghana  1.500%   1/3/2037   2,200     1,272
2,5 Republic of Ghana 6.000% coupon rate effective 7/3/2028  5.000%   7/3/2029   7,898     7,722
5 Republic of Ghana 6.000% coupon rate effective 7/3/2028  5.000%   7/3/2029   3,061     2,996
2,5 Republic of Ghana 6.000% coupon rate effective 7/3/2028  5.000%   7/3/2035  14,670    13,448
5 Republic of Ghana 6.000% coupon rate effective 7/3/2028  5.000%   7/3/2035   5,791     5,306
                                   32,794
Guatemala (0.7%)    
  Republic of Guatemala  4.875%  2/13/2028   3,288     3,263
  Republic of Guatemala  5.250%  8/10/2029   2,504     2,488
3 Republic of Guatemala  4.900%   6/1/2030   2,880     2,826
  Republic of Guatemala  6.050%   8/6/2031   2,851     2,894
  Republic of Guatemala  5.375%  4/24/2032   2,219     2,187
  Republic of Guatemala  7.050%  10/4/2032   2,250     2,392
  Republic of Guatemala  3.700%  10/7/2033   6,219     5,428
  Republic of Guatemala  6.600%  6/13/2036   4,450     4,615
2 Republic of Guatemala  6.250%  8/15/2036   3,536     3,583
  Republic of Guatemala  6.250%  8/15/2036   1,800     1,824
  Republic of Guatemala  6.550%   2/6/2037   3,750     3,889
  Republic of Guatemala  4.650%  10/7/2041   2,491     2,097
3 Republic of Guatemala  6.125%   6/1/2050   3,391     3,249
2 Republic of Guatemala  6.875%  8/15/2055   2,929     3,066
  Republic of Guatemala  6.875%  8/15/2055     800       837
                                   44,638
Honduras (0.2%)    
2 Republic of Honduras  6.400%  7/29/2036   4,100     4,093
  Republic of Honduras  5.625%  6/24/2030   2,953     2,926
2 Republic of Honduras  8.625% 11/27/2034   2,540     2,899
  Republic of Honduras  8.625% 11/27/2034   1,929     2,201
                                   12,119
Hungary (1.5%)    
  Republic of Hungary  6.125%  5/22/2028  11,129    11,342
  Republic of Hungary  5.250%  6/16/2029   8,425     8,463
2 Republic of Hungary  5.375%  9/26/2030   3,263     3,287
  Republic of Hungary  5.375%  9/26/2030   4,000     4,027
  Republic of Hungary  2.125%  9/22/2031  11,189     9,598
  Republic of Hungary  6.250%  9/22/2032   9,080     9,463
  Republic of Hungary  5.500%  6/16/2034   6,255     6,216
2 Republic of Hungary  6.000%  9/26/2035     530       539
  Republic of Hungary  6.000%  9/26/2035   5,167     5,250
  Republic of Hungary  5.500%  3/26/2036  11,500    11,260
  Republic of Hungary  7.625%  3/29/2041   8,392     9,653
  Republic of Hungary  3.125%  9/21/2051   8,574     5,173
  Republic of Hungary  6.750%  9/25/2052   6,939     7,202
2 Republic of Hungary  6.750%  9/23/2055   3,780     3,903
  Republic of Hungary  6.750%  9/23/2055   3,500     3,609
                                   98,985
Indonesia (5.2%)    
  Perusahaan Penerbit SBSN Indonesia III  4.400%   3/1/2028   8,593     8,589
  Perusahaan Penerbit SBSN Indonesia III  5.400% 11/15/2028   5,531     5,628
  Perusahaan Penerbit SBSN Indonesia III  4.450%  2/20/2029   5,891     5,871
  Perusahaan Penerbit SBSN Indonesia III  5.100%   7/2/2029   4,501     4,553
2 Perusahaan Penerbit SBSN Indonesia III  5.000%  5/25/2030   3,675     3,677
  Perusahaan Penerbit SBSN Indonesia III  5.000%  5/25/2030   1,300     1,301
  Perusahaan Penerbit SBSN Indonesia III  2.800%  6/23/2030   4,785     4,410
2 Perusahaan Penerbit SBSN Indonesia III  4.550%  7/23/2030   2,555     2,515
  Perusahaan Penerbit SBSN Indonesia III  4.550%  7/23/2030   3,200     3,149
2 Perusahaan Penerbit SBSN Indonesia III  4.500%  12/1/2030   3,946     3,877
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Perusahaan Penerbit SBSN Indonesia III  4.500%  12/1/2030   3,150     3,095
  Perusahaan Penerbit SBSN Indonesia III  2.550%   6/9/2031   4,397     3,915
  Perusahaan Penerbit SBSN Indonesia III  4.700%   6/6/2032   7,307     7,119
  Perusahaan Penerbit SBSN Indonesia III  5.600% 11/15/2033   4,250     4,273
  Perusahaan Penerbit SBSN Indonesia III  5.200%   7/2/2034   6,141     5,994
2 Perusahaan Penerbit SBSN Indonesia III  5.250% 11/25/2034   2,475     2,423
  Perusahaan Penerbit SBSN Indonesia III  5.250% 11/25/2034   2,000     1,958
2 Perusahaan Penerbit SBSN Indonesia III  5.200%  7/23/2035     503       490
  Perusahaan Penerbit SBSN Indonesia III  5.200%  7/23/2035   5,721     5,575
  Perusahaan Penerbit SBSN Indonesia III  5.000%  12/1/2035   2,700     2,591
  Perusahaan Penerbit SBSN Indonesia III  3.800%  6/23/2050   4,600     3,204
  Perusahaan Penerbit SBSN Indonesia III  3.550%   6/9/2051   3,800     2,490
  Perusahaan Penerbit SBSN Indonesia III  5.500%   7/2/2054   2,700     2,467
2 Perusahaan Penerbit SBSN Indonesia III  5.650% 11/25/2054   3,065     2,857
  Perusahaan Penerbit SBSN Indonesia III  5.650% 11/25/2054     300       280
  Republic of Indonesia  4.150%  9/20/2027   2,075     2,075
  Republic of Indonesia  3.500%  1/11/2028   7,901     7,801
  Republic of Indonesia  4.550%  1/11/2028   5,702     5,710
  Republic of Indonesia  4.100%  4/24/2028   5,209     5,177
  Republic of Indonesia  4.750%  2/11/2029   6,908     6,923
  Republic of Indonesia  4.400%  3/10/2029   2,420     2,398
  Republic of Indonesia  3.400%  9/18/2029   3,420     3,294
  Republic of Indonesia  5.250%  1/15/2030   5,100     5,126
  Republic of Indonesia  2.850%  2/14/2030   5,519     5,124
  Republic of Indonesia  3.850% 10/15/2030   7,925     7,561
  Republic of Indonesia  4.350%  2/21/2031   5,120     4,976
  Republic of Indonesia  1.850%  3/12/2031   6,077     5,269
  Republic of Indonesia  4.300%  4/16/2031   3,304     3,195
  Republic of Indonesia  5.030%  5/29/2031   2,860     2,842
  Republic of Indonesia  2.150%  7/28/2031   5,475     4,746
  Republic of Indonesia  3.550%  3/31/2032   4,740     4,342
  Republic of Indonesia  4.650%  9/20/2032   7,107     6,870
  Republic of Indonesia  4.850%  1/11/2033   6,155     5,960
  Republic of Indonesia  4.700%  2/10/2034   3,887     3,715
  Republic of Indonesia  4.750%  9/10/2034   5,600     5,295
  Republic of Indonesia  5.600%  1/15/2035   5,285     5,271
  Republic of Indonesia  8.500% 10/12/2035   7,625     9,112
  Republic of Indonesia  4.950%  2/21/2036   6,340     5,982
  Republic of Indonesia  4.900%  4/16/2036   7,784     7,320
  Republic of Indonesia  5.690%  5/29/2036   2,936     2,925
  Republic of Indonesia  6.625%  2/17/2037   7,887     8,329
  Republic of Indonesia  7.750%  1/17/2038   9,638    11,060
  Republic of Indonesia  5.250%  1/17/2042  10,291     9,448
  Republic of Indonesia  4.625%  4/15/2043   8,010     6,697
  Republic of Indonesia  6.750%  1/15/2044  10,276    10,805
  Republic of Indonesia  5.125%  1/15/2045  10,906     9,610
  Republic of Indonesia  5.950%   1/8/2046   5,966     5,761
  Republic of Indonesia  5.250%   1/8/2047   7,850     6,991
  Republic of Indonesia  4.750%  7/18/2047   5,050     4,169
  Republic of Indonesia  4.350%  1/11/2048   7,795     5,994
  Republic of Indonesia  5.350%  2/11/2049   5,558     4,997
  Republic of Indonesia  3.700% 10/30/2049   4,705     3,196
  Republic of Indonesia  3.500%  2/14/2050   3,625     2,383
  Republic of Indonesia  4.200% 10/15/2050   9,018     6,634
  Republic of Indonesia  3.050%  3/12/2051  10,095     6,005
  Republic of Indonesia  4.300%  3/31/2052   4,233     3,146
  Republic of Indonesia  5.450%  9/20/2052   2,115     1,898
  Republic of Indonesia  5.650%  1/11/2053   3,730     3,445
  Republic of Indonesia  5.100%  2/10/2054   4,125     3,536
  Republic of Indonesia  5.150%  9/10/2054   3,025     2,598
  Republic of Indonesia  5.475%  2/21/2056   1,251     1,149
  Republic of Indonesia  3.200%  9/23/2061   3,564     2,013
  Republic of Indonesia  4.450%  4/15/2070   4,685     3,406
  Republic of Indonesia  3.350%  3/12/2071   3,850     2,160
                                  346,740
Iraq (0.0%)    
3 Republic of Iraq  5.800%  1/15/2028   2,523     2,503
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
Ivory Coast (0.6%)    
3 Republic of Cote d'Ivoire  6.375%   3/3/2028   2,350     2,370
3 Republic of Cote d'Ivoire  7.625%  1/30/2033   5,248     5,495
3 Republic of Cote d'Ivoire  6.125%  6/15/2033   6,048     5,866
3 Republic of Cote d'Ivoire  6.125%  6/15/2033     200       194
2,3 Republic of Cote d'Ivoire  8.075%   4/1/2036   7,387     7,877
3 Republic of Cote d'Ivoire  8.075%   4/1/2036   1,137     1,212
3 Republic of Cote d'Ivoire  8.250%  1/30/2037   8,075     8,702
2,3 Republic of Cote d'Ivoire  6.750%  2/25/2041   5,820     5,479
3 Republic of Cote d'Ivoire  6.750%  2/25/2041     500       470
                                   37,665
Jamaica (0.3%)    
3 Jamaica  6.750%  4/28/2028   4,239     4,340
3 Jamaica  8.000%  3/15/2039   6,762     7,945
  Jamaica  7.875%  7/28/2045   8,505     9,920
                                   22,205
Jordan (0.4%)    
  Kingdom of Jordan  7.750%  1/15/2028   1,960     2,013
  Kingdom of Jordan  7.500%  1/13/2029   6,214     6,424
  Kingdom of Jordan  5.850%   7/7/2030   5,879     5,877
2 Kingdom of Jordan  5.750% 11/12/2032   4,000     3,891
  Kingdom of Jordan  5.750% 11/12/2032   1,400     1,360
  Kingdom of Jordan  7.375% 10/10/2047   4,482     4,307
                                   23,872
Kazakhstan (0.6%)    
2 Republic of Kazakhstan  4.412% 10/28/2030   5,590     5,466
  Republic of Kazakhstan  4.412% 10/28/2030   2,600     2,538
2 Republic of Kazakhstan  5.000%   7/1/2032   4,272     4,219
  Republic of Kazakhstan  5.000%   7/1/2032   2,650     2,610
  Republic of Kazakhstan  4.714%   4/9/2035   7,772     7,398
2 Republic of Kazakhstan  5.500%   7/1/2037   5,050     5,020
  Republic of Kazakhstan  5.500%   7/1/2037     800       793
  Republic of Kazakhstan  4.875% 10/14/2044   2,950     2,591
  Republic of Kazakhstan  4.875% 10/14/2044   1,650     1,449
  Republic of Kazakhstan  6.500%  7/21/2045   6,920     7,216
                                   39,300
Kenya (0.7%)    
  Republic of Kenya  9.750%  2/16/2031   7,419     7,886
  Republic of Kenya  8.000%  5/22/2032   4,446     4,455
2 Republic of Kenya  7.875%  10/9/2033   2,707     2,650
  Republic of Kenya  7.875%  10/9/2033   2,400     2,345
  Republic of Kenya  6.300%  1/23/2034   4,406     3,900
2 Republic of Kenya  7.875%  2/26/2034   2,366     2,286
2 Republic of Kenya  9.500%   3/5/2036   6,279     6,476
  Republic of Kenya  9.500%   3/5/2036   2,950     3,049
2 Republic of Kenya  8.800%  10/9/2038   2,754     2,679
  Republic of Kenya  8.800%  10/9/2038   1,200     1,166
2 Republic of Kenya  8.700%  2/26/2039   6,139     5,904
  Republic of Kenya  8.250%  2/28/2048   4,686     4,354
                                   47,150
Kuwait (1.3%)    
2 Kuwait  4.016%  10/9/2028  11,775    11,535
  Kuwait  4.016%  10/9/2028   4,300     4,213
2 Kuwait  5.039%  7/29/2029  15,300    15,309
2 Kuwait  4.136%  10/9/2030  13,400    12,887
  Kuwait  4.136%  10/9/2030   1,600     1,538
2 Kuwait  5.157%  7/29/2031   7,327     7,316
2 Kuwait  4.652%  10/9/2035  19,973    18,785
  Kuwait  4.652%  10/9/2035   5,200     4,882
2 Kuwait  5.509%  7/29/2036   7,347     7,319
                                   83,784
Kyrgyzstan (0.1%)    
2 Kyrgyz Republic International Bond  7.750%   6/3/2030   2,800     2,827
  Kyrgyz Republic International Bond  7.750%   6/3/2030     600       607
                                    3,434
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
Lebanon (0.1%)    
6 Lebanon Republic  6.750% 11/29/2027   4,984     1,363
6 Lebanon Republic  6.650%  11/3/2028   4,855     1,321
6 Lebanon Republic  6.850%  5/25/2029   4,620     1,263
6 Lebanon Republic  6.650%  2/26/2030   6,985     1,902
6 Lebanon Republic  7.000%  3/23/2032   5,080     1,403
6 Lebanon Republic  7.050%  11/2/2035   2,865       798
6 Lebanon Republic  7.250%  3/23/2037   3,630     1,015
                                    9,065
Malaysia (0.1%)    
  Malaysia Sovereign Sukuk Bhd.  4.236%  4/22/2045   2,258     1,921
  Malaysia Sukuk Global Bhd.  4.080%  4/27/2046   2,300     1,905
  Malaysia Wakala Sukuk Bhd.  2.070%  4/28/2031   3,925     3,514
  Malaysia Wakala Sukuk Bhd.  3.075%  4/28/2051   3,186     2,140
                                    9,480
Mexico (7.7%)    
2 Eagle Funding Luxco Sarl  5.500%  8/17/2030  31,418    31,371
  Eagle Funding Luxco Sarl  5.500%  8/17/2030  27,685    27,643
  United Mexican States  4.500%  4/22/2029  13,481    13,331
  United Mexican States  5.000%   5/7/2029   3,951     3,944
  United Mexican States  3.250%  4/16/2030   9,909     9,233
  United Mexican States  6.000%  5/13/2030   8,467     8,675
  United Mexican States  4.750%  3/22/2031   7,980     7,756
  United Mexican States  2.659%  5/24/2031  15,346    13,517
  United Mexican States  8.300%  8/15/2031   6,592     7,602
  United Mexican States  4.750%  4/27/2032  12,440    11,829
  United Mexican States  5.850%   7/2/2032  19,256    19,300
  United Mexican States  5.375%  3/22/2033  20,409    19,703
  United Mexican States  7.500%   4/8/2033   2,519     2,796
  United Mexican States  4.875%  5/19/2033  11,651    10,916
  United Mexican States  5.625%   2/9/2034  15,710    15,193
  United Mexican States  3.500%  2/12/2034  14,899    12,516
  United Mexican States  6.750%  9/27/2034   6,486     6,719
  United Mexican States  6.350%   2/9/2035  14,977    15,044
  United Mexican States  5.625%  9/22/2035  11,086    10,573
  United Mexican States  6.000%   5/7/2036  18,739    18,273
  United Mexican States  6.875%  5/13/2037  20,300    20,805
  United Mexican States  6.250%  8/27/2037  23,640    23,080
  United Mexican States  6.625%  1/29/2038  13,871    13,844
  United Mexican States  6.125%   2/9/2038  19,299    18,496
  United Mexican States  6.050%  1/11/2040  14,133    13,325
  United Mexican States  4.280%  8/14/2041  11,787     8,957
  United Mexican States  4.750%   3/8/2044  18,752    14,521
  United Mexican States  5.550%  1/21/2045  14,404    12,558
  United Mexican States  4.600%  1/23/2046  11,205     8,297
  United Mexican States  4.350%  1/15/2047   6,431     4,524
  United Mexican States  4.600%  2/10/2048   8,865     6,403
  United Mexican States  4.500%  1/31/2050  10,052     7,079
  United Mexican States  5.000%  4/27/2051  12,897     9,689
  United Mexican States  4.400%  2/12/2052  11,523     7,833
  United Mexican States  6.338%   5/4/2053  14,713    13,118
  United Mexican States  6.400%   5/7/2054  12,464    11,166
  United Mexican States  7.375%  5/13/2055  10,837    10,962
  United Mexican States  6.750%   2/9/2056  19,060    17,784
  United Mexican States  3.771%  5/24/2061  15,415     8,755
  United Mexican States  3.750%  4/19/2071  15,641     8,439
  United Mexican States  5.750% 10/12/2110  12,490     9,670
                                  515,239
Mongolia (0.1%)    
2 Mongolia  6.625%  2/25/2030   1,750     1,789
  Mongolia  6.625%  2/25/2030   1,050     1,073
  Mongolia  4.450%   7/7/2031   3,780     3,504
2 Mongolia Government International Bonds  5.950%   3/9/2032     960       952
                                    7,318
Montenegro (0.1%)    
  Republic of Montenegro  7.250%  3/12/2031   3,750     3,935
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
Morocco (0.4%)    
  Kingdom of Morocco  2.375% 12/15/2027   3,598     3,471
  Kingdom of Morocco  5.950%   3/8/2028   6,471     6,543
  Kingdom of Morocco  3.000% 12/15/2032   4,825     4,143
  Kingdom of Morocco  6.500%   9/8/2033   6,300     6,573
  Kingdom of Morocco  5.500% 12/11/2042   3,530     3,242
  Kingdom of Morocco  4.000% 12/15/2050   6,397     4,398
                                   28,370
Mozambique (0.1%)    
  Republic of Mozambique  9.000%  9/15/2031   4,385     3,978
Nigeria (1.5%)    
  Republic of Nigeria  6.500% 11/28/2027   6,320     6,366
  Republic of Nigeria  6.125%  9/28/2028   6,627     6,638
  Republic of Nigeria  8.375%  3/24/2029   6,190     6,526
  Republic of Nigeria  7.143%  2/23/2030   6,281     6,417
  Republic of Nigeria  8.747%  1/21/2031   5,281     5,685
2 Republic of Nigeria  9.625%   6/9/2031     127       142
  Republic of Nigeria  9.625%   6/9/2031   3,572     3,990
  Republic of Nigeria  7.875%  2/16/2032   7,200     7,554
  Republic of Nigeria  7.375%  9/28/2033   5,780     5,909
2 Republic of Nigeria 10.375%  12/9/2034   4,050     4,837
  Republic of Nigeria 10.375%  12/9/2034   5,200     6,199
2 Republic of Nigeria  8.631%  1/13/2036   3,966     4,319
  Republic of Nigeria  8.631%  1/13/2036   2,700     2,931
  Republic of Nigeria  7.696%  2/23/2038   6,067     6,178
2 Republic of Nigeria  9.130%  1/13/2046   4,974     5,509
  Republic of Nigeria  9.130%  1/13/2046   1,350     1,489
  Republic of Nigeria  7.625% 11/28/2047   7,092     6,910
  Republic of Nigeria  9.248%  1/21/2049   3,555     3,991
  Republic of Nigeria  8.250%  9/28/2051   5,366     5,443
                                   97,033
Oman (1.3%)    
  Oman Sovereign Sukuk Co.  4.875%  6/15/2030   8,692     8,607
2 Oman Sovereign Sukuk Co.  4.525%  4/17/2033   2,050     1,984
  Oman Sovereign Sukuk Co.  4.525%  4/17/2033   3,000     2,901
  Sultanate of Oman  6.750% 10/28/2027   6,310     6,438
  Sultanate of Oman  5.625%  1/17/2028  13,187    13,276
  Sultanate of Oman  6.000%   8/1/2029  10,722    10,962
  Sultanate of Oman  6.250%  1/25/2031   8,375     8,690
  Sultanate of Oman  7.375% 10/28/2032   4,548     5,041
  Sultanate of Oman  6.500%   3/8/2047   9,965    10,127
  Sultanate of Oman  6.750%  1/17/2048  13,730    14,302
  Sultanate of Oman  7.000%  1/25/2051   4,900     5,298
                                   87,626
Pakistan (0.3%)    
  Islamic Republic of Pakistan  6.875%  12/5/2027   7,428     7,481
  Islamic Republic of Pakistan  7.375%   4/8/2031   7,145     7,021
  Islamic Republic of Pakistan  8.875%   4/8/2051   3,798     3,743
  Pakistan Global Sukuk Programme Co. Ltd.  7.950%  1/31/2029   4,914     4,998
                                   23,243
Panama (2.0%)    
  Republic of Panama  8.875%  9/30/2027   3,680     3,846
  Republic of Panama  3.875%  3/17/2028  10,055     9,856
  Republic of Panama  9.375%   4/1/2029     250       276
  Republic of Panama  3.160%  1/23/2030   7,533     7,035
  Republic of Panama  7.500%   3/1/2031     700       759
  Republic of Panama  2.252%  9/29/2032  13,806    11,405
  Republic of Panama  3.298%  1/19/2033   4,587     3,994
3 Republic of Panama  5.227%  2/23/2034   6,466     6,245
  Republic of Panama  6.400%  2/14/2035  14,504    15,000
3 Republic of Panama  6.700%  1/26/2036  10,730    11,274
  Republic of Panama  6.875%  1/31/2036   5,150     5,484
3 Republic of Panama  5.662%  2/23/2038   6,128     5,942
  Republic of Panama  8.000%   3/1/2038   5,709     6,532
3 Republic of Panama  4.500%  5/15/2047   3,191     2,512
3 Republic of Panama  4.500%  4/16/2050  10,770     8,199
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
3 Republic of Panama  4.300%  4/29/2053   7,175     5,219
  Republic of Panama  6.853%  3/28/2054   7,460     7,676
  Republic of Panama  4.500%   4/1/2056  10,149     7,465
  Republic of Panama  7.875%   3/1/2057   4,608     5,353
3 Republic of Panama  3.870%  7/23/2060  11,807     7,665
  Republic of Panama  4.500%  1/19/2063   7,088     5,131
                                  136,868
Papua New Guinea (0.0%)    
  Papua New Guinea  8.375%  10/4/2028   2,200     2,295
Paraguay (0.5%)    
3 Republic of Paraguay  4.950%  4/28/2031   4,634     4,583
  Republic of Paraguay  2.739%  1/29/2033   2,901     2,523
  Republic of Paraguay  3.849%  6/28/2033   2,059     1,882
  Republic of Paraguay  5.850%  8/21/2033   2,832     2,873
3 Republic of Paraguay  6.000%   2/9/2036   2,430     2,483
  Republic of Paraguay  6.100%  8/11/2044   4,910     4,814
  Republic of Paraguay  5.600%  3/13/2048   2,587     2,342
3 Republic of Paraguay  5.400%  3/30/2050   5,760     5,052
2 Republic of Paraguay  6.650%   3/4/2055   3,608     3,689
  Republic of Paraguay  6.650%   3/4/2055     800       818
                                   31,059
Peru (1.6%)    
  Republic of Peru  2.783%  1/23/2031  14,194    12,991
  Republic of Peru  1.862%  12/1/2032   5,200     4,257
  Republic of Peru  8.750% 11/21/2033  11,402    13,613
  Republic of Peru  3.000%  1/15/2034  12,989    11,004
  Republic of Peru  5.375%   2/8/2035   6,940     6,860
  Republic of Peru  5.500%  3/30/2036   2,214     2,189
3 Republic of Peru  6.550%  3/14/2037   7,477     7,950
  Republic of Peru  3.300%  3/11/2041   6,306     4,747
  Republic of Peru  5.625% 11/18/2050  12,440    11,586
  Republic of Peru  3.550%  3/10/2051   8,461     5,645
  Republic of Peru  5.875%   8/8/2054   7,587     7,167
  Republic of Peru  6.200%  6/30/2055   6,622     6,541
  Republic of Peru  2.780%  12/1/2060   9,934     5,103
  Republic of Peru  3.600%  1/15/2072   4,684     2,836
  Republic of Peru  3.230%  7/28/2121   5,226     2,699
                                  105,188
Philippines (3.1%)    
  Republic of Philippines  5.170% 10/13/2027   2,420     2,441
  Republic of Philippines  3.000%   2/1/2028   9,747     9,527
  Republic of Philippines  4.625%  7/17/2028   2,470     2,470
  Republic of Philippines  3.750%  1/14/2029   6,678     6,548
  Republic of Philippines  9.500%   2/2/2030  10,287    11,774
  Republic of Philippines  4.375%   3/5/2030   1,900     1,868
  Republic of Philippines  2.457%   5/5/2030   4,618     4,223
  Republic of Philippines  7.750%  1/14/2031   9,245    10,263
  Republic of Philippines  1.648%  6/10/2031   6,510     5,581
  Republic of Philippines  4.250%  7/27/2031   1,989     1,929
  Republic of Philippines  4.625% 12/24/2031   3,000     2,941
  Republic of Philippines  1.950%   1/6/2032   2,987     2,546
  Republic of Philippines  6.375%  1/15/2032   6,205     6,573
  Republic of Philippines  3.556%  9/29/2032   3,225     2,952
  Republic of Philippines  5.609%  4/13/2033   3,330     3,379
  Republic of Philippines  5.000%  7/17/2033   5,851     5,732
  Republic of Philippines  5.250%  5/14/2034   5,100     5,009
  Republic of Philippines  6.375% 10/23/2034   9,484    10,021
  Republic of Philippines  5.500%   2/4/2035   6,089     6,070
  Republic of Philippines  4.750%   3/5/2035   5,045     4,776
  Republic of Philippines  5.000%  1/27/2036   8,002     7,648
  Republic of Philippines  5.325%  6/24/2036   8,270     8,097
  Republic of Philippines  5.000%  1/13/2037   6,731     6,376
  Republic of Philippines  3.950%  1/20/2040   9,725     8,010
  Republic of Philippines  3.700%   3/1/2041   9,711     7,580
  Republic of Philippines  3.700%   2/2/2042   9,531     7,294
  Republic of Philippines  2.950%   5/5/2045   5,995     3,842
  Republic of Philippines  2.650% 12/10/2045   6,971     4,197
  Republic of Philippines  3.200%   7/6/2046  11,161     7,308
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Republic of Philippines  4.200%  3/29/2047   4,550     3,488
  Republic of Philippines  5.950% 10/13/2047   3,825     3,708
  Republic of Philippines  5.500%  1/17/2048   7,125     6,518
  Republic of Philippines  5.600%  5/14/2049   5,110     4,720
  Republic of Philippines  5.175%   9/5/2049   4,700     4,098
  Republic of Philippines  5.900%   2/4/2050   5,204     5,001
  Republic of Philippines  5.750%  1/27/2051   5,255     4,958
  ROP Sukuk Trust  5.045%   6/6/2029   6,370     6,389
                                  205,855
Poland (2.4%)    
  Bank Gospodarstwa Krajowego  5.375%  5/22/2033   8,815     8,821
2 Bank Gospodarstwa Krajowego  5.750%   7/9/2034   6,700     6,824
  Bank Gospodarstwa Krajowego  5.750%   7/9/2034   1,400     1,427
2 Bank Gospodarstwa Krajowego  6.250%   7/9/2054   6,575     6,436
  Bank Gospodarstwa Krajowego  6.250%   7/9/2054   2,510     2,453
  Republic of Poland  5.500% 11/16/2027   7,242     7,317
  Republic of Poland  4.625%  3/18/2029   7,295     7,304
  Republic of Poland  4.875%  2/12/2030  13,841    13,927
  Republic of Poland  4.625%  4/14/2031   5,115     5,076
  Republic of Poland  5.750% 11/16/2032   7,672     7,917
  Republic of Poland  4.875%  10/4/2033  12,236    11,975
  Republic of Poland  5.125%  9/18/2034  14,776    14,580
  Republic of Poland  5.375%  2/12/2035  13,610    13,577
  Republic of Poland  5.375%  4/14/2036  12,265    12,092
  Republic of Poland  5.500%   4/4/2053  12,570    11,293
  Republic of Poland  5.500%  3/18/2054  17,418    15,580
  Republic of Poland  6.125%  4/14/2056  12,526    12,049
                                  158,648
Qatar (3.1%)    
2 Global Sukuk Ventures  4.250% 11/10/2035   9,833     9,348
  Global Sukuk Ventures  4.250% 11/10/2035   8,279     7,862
  State of Qatar  4.500%  2/27/2028   4,961     4,946
  State of Qatar  4.500%  4/23/2028  21,105    21,047
2 State of Qatar  3.625% 11/10/2028   4,100     3,999
  State of Qatar  3.625% 11/10/2028     950       927
  State of Qatar  4.000%  3/14/2029  19,900    19,489
  State of Qatar  4.625%  5/29/2029   4,907     4,886
  State of Qatar  3.750%  4/16/2030  18,374    17,689
2 State of Qatar  9.750%  6/15/2030   6,960     8,116
  State of Qatar  4.750%  5/29/2034   7,457     7,378
2 State of Qatar  4.875%  2/27/2035   6,500     6,436
  State of Qatar  4.875%  2/27/2035   2,300     2,276
2 State of Qatar  6.400%  1/20/2040   5,439     5,853
2 State of Qatar  5.750%  1/20/2042   4,650     4,692
  State of Qatar  4.625%   6/2/2046  10,001     8,508
  State of Qatar  5.103%  4/23/2048  29,468    26,546
  State of Qatar  4.817%  3/14/2049  29,313    25,370
  State of Qatar  4.400%  4/16/2050  25,355    20,445
                                  205,813
Romania (1.9%)    
  Romania  5.250% 11/25/2027   4,456     4,462
  Romania  6.625%  2/17/2028   9,384     9,553
  Romania  5.875%  1/30/2029   9,596     9,658
2 Romania  5.750%  9/16/2030   2,562     2,562
  Romania  5.750%  9/16/2030   7,500     7,491
  Romania  3.000%  2/14/2031   6,318     5,615
  Romania  3.625%  3/27/2032   5,688     5,062
  Romania  7.125%  1/17/2033   8,292     8,711
  Romania  6.375%  1/30/2034   9,378     9,376
  Romania  6.000%  5/25/2034   6,274     6,140
2 Romania  5.750%  3/24/2035   7,626     7,278
  Romania  5.750%  3/24/2035   1,678     1,600
2 Romania  6.625%  5/16/2036   5,890     5,926
  Romania  6.625%  5/16/2036   4,376     4,395
2 Romania  5.750%   7/4/2036   8,180     7,708
  Romania  5.750%   7/4/2036   1,450     1,364
2 Romania  7.500%  2/10/2037   4,500     4,793
  Romania  7.500%  2/10/2037     510       542
  Romania  6.125%  1/22/2044   4,904     4,557
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Romania  5.125%  6/15/2048   6,366     5,035
  Romania  4.000%  2/14/2051  10,504     6,817
  Romania  7.625%  1/17/2053   5,416     5,719
                                  124,364
Rwanda (0.0%)    
  Republic of Rwanda  5.500%   8/9/2031   2,910     2,797
Saudi Arabia (8.0%)    
  Kingdom of Saudi Arabia  5.125%  1/13/2028  24,964    25,061
  Kingdom of Saudi Arabia  4.750%  1/18/2028  15,527    15,509
  Kingdom of Saudi Arabia  3.625%   3/4/2028  24,566    24,104
2 Kingdom of Saudi Arabia  4.125%  1/12/2029   9,600     9,422
  Kingdom of Saudi Arabia  4.125%  1/12/2029   2,400     2,355
  Kingdom of Saudi Arabia  4.375%  4/16/2029  18,245    17,968
  Kingdom of Saudi Arabia  4.750%  1/16/2030  18,919    18,741
  Kingdom of Saudi Arabia  4.500%  4/17/2030  14,075    13,810
  Kingdom of Saudi Arabia  3.250% 10/22/2030   7,674     7,144
2 Kingdom of Saudi Arabia  4.375%  1/12/2031  11,630    11,287
  Kingdom of Saudi Arabia  4.375%  1/12/2031   2,200     2,135
  Kingdom of Saudi Arabia  5.375%  1/13/2031  14,902    15,046
  Kingdom of Saudi Arabia  2.750%   2/3/2032   4,838     4,281
  Kingdom of Saudi Arabia  5.500% 10/25/2032  14,811    15,009
  Kingdom of Saudi Arabia  2.250%   2/2/2033  13,563    11,344
  Kingdom of Saudi Arabia  4.875%  7/18/2033  17,553    17,136
  Kingdom of Saudi Arabia  5.000%  1/16/2034  20,332    19,954
  Kingdom of Saudi Arabia  5.625%  1/13/2035  19,730    19,993
2 Kingdom of Saudi Arabia  4.875%  1/12/2036  12,262    11,725
  Kingdom of Saudi Arabia  4.875%  1/12/2036   2,100     2,009
  Kingdom of Saudi Arabia  4.500% 10/26/2046  32,128    25,306
  Kingdom of Saudi Arabia  4.625%  10/4/2047  22,649    17,964
  Kingdom of Saudi Arabia  5.000%  4/17/2049  17,882    14,893
  Kingdom of Saudi Arabia  5.250%  1/16/2050  16,492    14,245
  Kingdom of Saudi Arabia  3.250% 11/17/2051   6,040     3,689
  Kingdom of Saudi Arabia  5.000%  1/18/2053  17,293    14,110
  Kingdom of Saudi Arabia  5.750%  1/16/2054  22,599    20,696
  Kingdom of Saudi Arabia  3.750%  1/21/2055  12,330     8,055
2 Kingdom of Saudi Arabia  5.875%  1/12/2056  13,300    12,214
  Kingdom of Saudi Arabia  5.875%  1/12/2056   4,950     4,541
  Kingdom of Saudi Arabia  4.500%  4/22/2060  15,050    11,037
  Kingdom of Saudi Arabia  3.450%   2/2/2061  10,218     6,030
  KSA Ijarah Sukuk Ltd.  4.250%   9/9/2030  11,105    10,782
2 KSA Ijarah Sukuk Ltd.  4.875%   9/9/2035   1,600     1,539
  KSA Ijarah Sukuk Ltd.  4.875%   9/9/2035  13,269    12,767
  KSA Sukuk Ltd.  5.268% 10/25/2028  12,505    12,617
  KSA Sukuk Ltd.  4.303%  1/19/2029  10,076     9,928
  KSA Sukuk Ltd.  4.274%  5/22/2029  14,727    14,440
  KSA Sukuk Ltd.  2.969% 10/29/2029  13,095    12,313
  KSA Sukuk Ltd.  5.250%   6/4/2030   7,748     7,803
  KSA Sukuk Ltd.  2.250%  5/17/2031   9,487     8,353
  KSA Sukuk Ltd.  4.511%  5/22/2033  13,810    13,264
  KSA Sukuk Ltd.  5.250%   6/4/2034  11,100    11,037
                                  531,656
Senegal (0.1%)    
3 Republic of Senegal  7.750%  6/10/2031   5,653     3,036
3 Republic of Senegal  6.250%  5/23/2033   5,375     2,818
3 Republic of Senegal  6.750%  3/13/2048   4,650     2,377
                                    8,231
Serbia (0.4%)    
  Republic of Serbia  6.250%  5/26/2028   3,725     3,785
  Republic of Serbia  2.125%  12/1/2030   5,840     5,071
  Republic of Serbia  6.500%  9/26/2033   5,540     5,730
2 Republic of Serbia  6.000%  6/12/2034   5,515     5,518
  Republic of Serbia  6.000%  6/12/2034   1,325     1,326
2 Republic of Serbia  5.500%   5/6/2036   6,150     5,878
                                   27,308
South Africa (1.7%)    
  Republic of South Africa  4.850%  9/27/2027   4,278     4,275
  Republic of South Africa  4.300% 10/12/2028  11,025    10,859
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Republic of South Africa  4.850%  9/30/2029  10,559    10,423
  Republic of South Africa  5.875%  6/22/2030   6,649     6,748
  Republic of South Africa  5.875%  4/20/2032   5,700     5,773
2 Republic of South Africa  7.100% 11/19/2036   8,565     8,970
  Republic of South Africa  7.100% 11/19/2036   2,190     2,292
2 Republic of South Africa  6.125% 12/11/2037   5,456     5,230
  Republic of South Africa  6.125% 12/11/2037   3,600     3,441
  Republic of South Africa  6.250%   3/8/2041   3,193     2,987
  Republic of South Africa  5.375%  7/24/2044   5,500     4,502
  Republic of South Africa  5.000% 10/12/2046   5,039     3,796
  Republic of South Africa  5.650%  9/27/2047   7,643     6,228
  Republic of South Africa  6.300%  6/22/2048   2,872     2,537
  Republic of South Africa  5.750%  9/30/2049  15,000    12,179
  Republic of South Africa  7.300%  4/20/2052   7,894     7,656
2 Republic of South Africa  7.950% 11/19/2054   5,850     6,068
  Republic of South Africa  7.950% 11/19/2054   1,057     1,096
2 Republic of South Africa  7.250% 12/11/2055   7,840     7,490
  Republic of South Africa  7.250% 12/11/2055     800       763
                                  113,313
Sri Lanka (0.6%)    
3 Republic of Sri Lanka  4.000%  4/15/2028   4,638     4,461
5 Republic of Sri Lanka, 3.350% coupon rate effective 7/15/2027  3.100%  1/15/2030   5,406     5,492
5 Republic of Sri Lanka, 3.600% coupon rate effective 9/15/2027  3.350%  3/15/2033  10,694    10,151
5 Republic of Sri Lanka, 3.850% coupon rate effective 11/15/2027  3.600%  5/15/2036   4,983     5,006
5 Republic of Sri Lanka, 3.850% coupon rate effective 8/15/2027  3.600%  2/15/2038   9,954    10,044
5 Republic of Sri Lanka, 5.100% coupon rate effective 12/15/2027  3.600%  6/15/2035   7,226     5,943
                                   41,097
Suriname (0.1%)    
2 Republic of Suriname  7.700%  11/6/2030   2,531     2,599
2 Republic of Suriname  8.500%  11/6/2035   5,742     6,184
  Republic of Suriname International  8.500%  11/6/2035     900       969
                                    9,752
Trinidad & Tobago (0.3%)    
  Republic of Trinidad & Tobago  4.500%  6/26/2030   2,030     1,944
  Republic of Trinidad & Tobago  5.950%  1/14/2031   3,274     3,272
  Republic of Trinidad & Tobago  6.400%  6/26/2034   3,762     3,798
2 Republic of Trinidad & Tobago  6.500%  1/28/2036   4,710     4,755
2 Republic of Trinidad & Tobago  6.200%  7/16/2038   4,230     4,155
                                   17,924
Turkiye (6.0%)    
  Hazine Mustesarligi Varlik Kiralama A/S  8.509%  1/14/2029  12,764    13,439
2 Hazine Mustesarligi Varlik Kiralama A/S  6.500%  4/26/2030   8,400     8,410
  Hazine Mustesarligi Varlik Kiralama A/S  6.500%  4/26/2030   4,025     4,032
  Hazine Mustesarligi Varlik Kiralama A/S  6.750%   9/1/2030  12,755    12,828
2 Hazine Mustesarligi Varlik Kiralama A/S  6.700%   7/2/2032  11,700    11,648
  Republic of Turkiye  8.600%  9/24/2027   9,750    10,057
  Republic of Turkiye  9.875%  1/15/2028  17,502    18,470
  Republic of Turkiye  5.125%  2/17/2028   9,925     9,790
  Republic of Turkiye  6.125% 10/24/2028  13,578    13,602
  Republic of Turkiye  9.375%  3/14/2029  11,422    12,285
  Republic of Turkiye  7.625%  4/26/2029  15,185    15,707
  Republic of Turkiye 11.875%  1/15/2030   7,161     8,387
  Republic of Turkiye  5.250%  3/13/2030  10,069     9,661
  Republic of Turkiye  9.125%  7/13/2030  12,443    13,484
  Republic of Turkiye  5.950%  1/15/2031  11,395    11,064
  Republic of Turkiye  6.375%  5/22/2031  10,110     9,919
  Republic of Turkiye  5.875%  6/26/2031   9,166     8,823
  Republic of Turkiye  7.125%  2/12/2032  12,441    12,513
  Republic of Turkiye  7.250%  5/29/2032  10,275    10,373
  Republic of Turkiye  7.125%  7/17/2032   8,588     8,631
  Republic of Turkiye  9.375%  1/19/2033  13,325    14,872
  Republic of Turkiye  6.300%  3/14/2033  10,256     9,842
  Republic of Turkiye  6.500%  9/20/2033   7,600     7,344
  Republic of Turkiye  8.000%  2/14/2034   6,919     7,316
  Republic of Turkiye  7.625%  5/15/2034  15,125    15,526
  Republic of Turkiye  6.500%   1/3/2035  17,713    16,922
  Republic of Turkiye  6.950%  9/16/2035  10,257    10,018
  Republic of Turkiye  6.875%  3/17/2036  13,129    12,751
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Republic of Turkiye  6.800%  11/4/2036  11,777    11,325
  Republic of Turkiye  6.875%  1/14/2038   8,026     7,657
  Republic of Turkiye  7.250%   3/5/2038   4,595     4,615
  Republic of Turkiye  6.750%  5/30/2040   9,891     9,266
  Republic of Turkiye  6.000%  1/14/2041  14,778    12,631
  Republic of Turkiye  4.875%  4/16/2043  14,990    10,873
  Republic of Turkiye  6.625%  2/17/2045  15,170    13,297
  Republic of Turkiye  5.750%  5/11/2047  16,934    13,151
                                  400,529
Ukraine (1.0%)    
5 Ukraine 3.000% coupon rate effective 2/1/2027  0.000%   2/1/2030   2,795     2,043
5 Ukraine 3.000% coupon rate effective 2/1/2027  0.000%   2/1/2034  10,071     5,732
2,5 Ukraine 3.000% coupon rate effective 2/1/2027  0.000%   2/1/2035   5,191     3,101
5 Ukraine 3.000% coupon rate effective 2/1/2027  7.750%   2/1/2035   2,830     1,689
2,5 Ukraine 3.000% coupon rate effective 2/1/2027  0.000%   2/1/2036   2,830     1,691
5 Ukraine 3.000% coupon rate effective 2/1/2027  7.750%   2/1/2036   3,980     2,372
2,5 Ukraine 5.500% coupon rate effective 2/1/2027  4.000%   2/1/2032  16,413    13,638
5 Ukraine 5.500% coupon rate effective 2/1/2027  4.000%   2/1/2032   1,410     1,170
5 Ukraine 6.000% coupon rate effective 2/1/2027  4.500%   2/1/2029   5,719     4,864
5 Ukraine 6.000% coupon rate effective 2/1/2027  4.500%   2/1/2034  15,452    10,757
2,5 Ukraine 6.000% coupon rate effective 2/1/2027  4.500%   2/1/2035  10,309     7,083
5 Ukraine 6.000% coupon rate effective 2/1/2027  4.500%   2/1/2035   4,435     3,043
2,5 Ukraine 6.000% coupon rate effective 2/1/2027  4.500%   2/1/2036   8,413     5,727
5 Ukraine 6.000% coupon rate effective 2/1/2027  4.500%   2/1/2036   3,860     2,624
                                   65,534
United Arab Emirates (4.6%)    
  Dubai DOF Sukuk Ltd.  5.000%  4/30/2029   7,880     7,886
  Dubai DOF Sukuk Ltd.  2.763%   9/9/2030   6,625     6,022
  Emirate of Abu Dhabi  3.125% 10/11/2027  19,341    19,021
  Emirate of Abu Dhabi  1.625%   6/2/2028  11,573    10,954
2 Emirate of Abu Dhabi  3.625%  10/2/2028   4,100     4,008
  Emirate of Abu Dhabi  3.625%  10/2/2028   1,300     1,270
  Emirate of Abu Dhabi  4.875%  4/30/2029  15,260    15,288
  Emirate of Abu Dhabi  2.500%  9/30/2029  15,038    13,994
  Emirate of Abu Dhabi  3.125%  4/16/2030  16,055    15,098
  Emirate of Abu Dhabi  1.700%   3/2/2031  10,029     8,707
2 Emirate of Abu Dhabi  3.750%   3/5/2031   6,100     5,817
  Emirate of Abu Dhabi  1.875%  9/15/2031   7,650     6,596
  Emirate of Abu Dhabi  2.000% 10/19/2031   5,360     4,647
  Emirate of Abu Dhabi  4.050%   7/7/2032  10,093     9,618
  Emirate of Abu Dhabi  4.917%  9/25/2033   7,465     7,413
  Emirate of Abu Dhabi  5.000%  4/30/2034  15,806    15,708
2 Emirate of Abu Dhabi  4.857%   7/2/2034   5,000     4,932
  Emirate of Abu Dhabi  4.857%   7/2/2034   2,150     2,119
2 Emirate of Abu Dhabi  4.250%  10/2/2035   2,200     2,062
  Emirate of Abu Dhabi  4.250%  10/2/2035   9,075     8,507
2 Emirate of Abu Dhabi  4.250%   3/5/2036   6,790     6,356
  Emirate of Abu Dhabi  4.250%   3/5/2036   2,000     1,865
  Emirate of Abu Dhabi  2.875% 10/19/2041   5,538     3,932
  Emirate of Abu Dhabi  4.125% 10/11/2047  15,098    11,696
  Emirate of Abu Dhabi  3.125%  9/30/2049  23,237    14,821
  Emirate of Abu Dhabi  3.875%  4/16/2050  18,003    13,081
  Emirate of Abu Dhabi  3.000%  9/15/2051   5,470     3,318
  Emirate of Abu Dhabi  4.951%   7/7/2052   6,524     5,654
  Emirate of Abu Dhabi  5.500%  4/30/2054   9,140     8,501
  Emirate of Abu Dhabi  3.250% 10/19/2061   9,200     5,580
  Emirate of Abu Dhabi  2.700%   9/2/2070   6,594     3,254
  Emirate of Dubai  5.250%  1/30/2043   4,425     4,083
  Emirate of Dubai  3.900%   9/9/2050   6,718     4,511
  Finance Department Government of Sharjah  6.500% 11/23/2032   5,169     5,282
  Finance Department Government of Sharjah  3.625%  3/10/2033   4,353     3,740
  Finance Department Government of Sharjah  6.125%   3/6/2036   3,825     3,761
  Finance Department Government of Sharjah  4.000%  7/28/2050   5,258     3,242
  Finance Department Government of Sharjah  4.375%  3/10/2051   2,589     1,696
  RAK Capital  5.000%  3/12/2035   4,493     4,471
  Sharjah Sukuk Program Ltd.  4.226%  3/14/2028   6,325     6,202
  Sharjah Sukuk Program Ltd.  3.234% 10/23/2029   5,576     5,186
  Sharjah Sukuk Program Ltd.  3.886%   4/4/2030   3,375     3,200
  Sharjah Sukuk Program Ltd.  3.200%  7/13/2031   3,991     3,589
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Sharjah Sukuk Program Ltd.  6.092%  3/19/2034   4,400     4,512
2 Sharjah Sukuk Program Ltd.  5.433%  4/17/2035   3,690     3,617
  Sharjah Sukuk Program Ltd.  5.433%  4/17/2035   1,000       984
2 Sharjah Sukuk Program Ltd.  5.192%  5/25/2036   2,815     2,735
  Sharjah Sukuk Program Ltd.  5.192%  5/25/2036   1,000       971
                                  309,507
Uruguay (1.3%)    
3 Oriental Republic of Uruguay  4.375% 10/27/2027   5,075     5,073
3 Oriental Republic of Uruguay  4.375%  1/23/2031   7,203     7,183
  Oriental Republic of Uruguay  7.875%  1/15/2033   4,084     4,707
3 Oriental Republic of Uruguay  5.750% 10/28/2034  11,451    11,757
3 Oriental Republic of Uruguay  7.625%  3/21/2036   6,599     7,617
3 Oriental Republic of Uruguay  5.442%  2/14/2037  12,046    11,998
3 Oriental Republic of Uruguay  4.125% 11/20/2045   4,860     4,031
3 Oriental Republic of Uruguay  5.100%  6/18/2050  18,800    16,657
3 Oriental Republic of Uruguay  4.975%  4/20/2055  12,782    10,944
3 Oriental Republic of Uruguay  5.250%  9/10/2060   5,566     4,890
                                   84,857
Uzbekistan (0.3%)    
  Republic of Uzbekistan  7.850% 10/12/2028   3,529     3,700
  Republic of Uzbekistan  5.375%  2/20/2029   2,411     2,401
  Republic of Uzbekistan  3.700% 11/25/2030   3,734     3,451
  Republic of Uzbekistan  3.900% 10/19/2031   3,199     2,939
2 Republic of Uzbekistan  6.900%  2/28/2032   2,175     2,295
  Republic of Uzbekistan  6.900%  2/28/2032   1,775     1,866
2 Republic of Uzbekistan  6.947%  5/25/2032     200       212
  Republic of Uzbekistan  6.947%  5/25/2032     200       212
                                   17,076
Zambia (0.1%)    
5 Republic of Zambia, 7.500% coupon rate effective 6/30/2031  5.750%  6/30/2033   4,650     4,546
Total Sovereign Bonds (Cost $5,859,235)   5,690,107
        Shares  
Temporary Cash Investments (1.1%)    
Money Market Fund (1.1%)    
7 Vanguard Market Liquidity Fund (Cost $72,225)  3.718%            722,323          72,225
Total Investments (99.1%) (Cost $6,828,840)   6,616,664
Other Assets and Liabilities—Net (0.9%)   60,445
Net Assets (100.0%)   6,677,109
Cost is in $000.    
1 Securities with a value of $186 have been segregated as initial margin for open futures contracts.
2 Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2026, the aggregate value was $741,404, representing 11.1% of net assets.
3 The average or expected maturity is shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or the possibility of the issue being called.
4 Guaranteed by the Kingdom of Saudi Arabia.
5 Step bond.
6 Non-income-producing security—security in default.
7 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
  GMTN—Global Medium Term Note.
  
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts 		Notional
Amount 		Value and
Unrealized
Appreciation
(Depreciation)
Long Futures Contracts        
5-Year U.S. Treasury Note September 2026 31 3,285 (5)
A.  Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Bonds and other temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees.
B.  Foreign Currency: Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates obtained from an independent third party as of the fund’s pricing time on the valuation date. Realized gains (losses) and unrealized appreciation (depreciation) on investment securities include the effects of changes in exchange rates since the securities were purchased, combined with the effects of changes in security prices. Fluctuations in the value of other assets and liabilities resulting from changes in exchange rates are recorded as unrealized foreign currency gains (losses) until the assets or liabilities are settled in cash, at which time they are recorded as realized foreign currency gains (losses).
C.  Futures Contracts: The fund uses futures contracts to invest in fixed income asset classes with greater efficiency and lower cost than is possible through direct investment, to add value when these instruments are attractively priced, or to adjust sensitivity to changes in interest rates. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of bonds held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
D.  Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund’s investments and derivatives as of July 31, 2026, based on the inputs used to value them:
  Level 1
($000) 		Level 2
($000) 		Level 3
($000) 		Total
($000)
Investments         
Assets        
U.S. Government and Agency Obligations — 4,153 — 4,153
Corporate Bonds — 850,179 — 850,179
Sovereign Bonds — 5,690,107 — 5,690,107
Temporary Cash Investments 72,225 — — 72,225
Total 72,225 6,544,439 — 6,616,664
Derivative Financial Instruments         
Liabilities        
Futures Contracts1 (5) — — (5)
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.