us en false false Default
Skip directly to Accessibility Notice
HYEM VanEck Emerging Markets High Yield Bond ETF Please read important disclosure Close important disclosure false

HYEM
VanEck Emerging Markets High Yield Bond ETF

HYEM
VanEck Emerging Markets High Yield Bond ETF

  • NAV
    $20.12

    as of February 11, 2026
  • YTD RETURNS
    1.69%

    as of February 11, 2026
  • Total Net Assets
    $452.78M

    as of February 11, 2026
  • Total Expense Ratio
    0.40%
  • Inception Date
    05/08/2012
  • 30-Day SEC Yield
    6.51%

About HYEM

The VanEck Emerging Markets High Yield Bond ETF (HYEM®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE BofA Diversified High Yield US Emerging Markets Corporate Plus Index (EMLH), which is comprised of U.S. dollar-denominated bonds issued by non-sovereign emerging markets issuers that are rated below investment grade and that are issued in the major domestic and Eurobond markets.

Buy Now
Let's Connect
Subscribe

Overview

Why HYEM

  • Focuses on high-yield EM corporate bonds
  • Yield pickup and higher credit quality versus U.S. high yield bonds†
  • Diversifies a U.S.-only high yield exposure§

Yields  as of  02/11/2026

Distribution Frequency

Monthly

30-Day SEC Yield

6.51%

Distribution Yield

6.87%

12 Month Yield

6.61%

Yield information reflects temporary waivers of expenses and/or fees. Yields would have been reduced had these fees/expenses been included. In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck Emerging Markets High Yield Bond ETF would have been 6.51% on 02/11/26. Distributions may vary from time to time.

Performance

Performance History:

Average Annual Total Returns* (%)

View All ETFs View All Indices
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/08/12**
HYEM (NAV) 1.38 2.17 1.38 9.34 9.00 3.02 5.38 4.67
HYEM (Share Price) 1.51 2.58 1.51 9.11 8.85 3.05 5.39 4.67
EMLH (Index) 1.46 2.26 1.46 9.56 9.21 2.95 5.62 5.02
Performance Differential (NAV - Index) -0.08 -0.09 -0.08 -0.22 -0.21 0.07 -0.24 -0.35
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/08/12**
HYEM (NAV) 1.42 1.65 9.19 9.19 9.90 2.81 5.15 4.59
HYEM (Share Price) 1.53 1.43 9.25 9.25 9.90 2.65 5.22 4.59
EMLH (Index) 0.90 1.66 9.25 9.25 10.17 2.64 5.31 4.94
Performance Differential (NAV - Index) 0.52 -0.01 -0.06 -0.06 -0.27 0.17 -0.16 -0.35

*Returns less than one year are not annualized.

Index data prior to May 13, 2015 reflects that of The BofA Merrill Lynch High Yield US Emerging Markets Liquid Corporate Plus Index (EMHY). From May 13, 2015 forward, the index data reflects that of the Fund's underlying index, The ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index (EMLH). Index history which includes periods prior to May 13, 2015 reflects a blend of the performance of EMHY and EMLH and is not intended for third party use.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

Prices as of 02/11/2026

NAV/
Market
Price 		Volume
30-Day Avg./
Last Trading Day 		Daily Change
NAV/
Last Price 		YTD Change NAV/
Last Price 		Premium/
Discount 		30-Day
Median
Bid Ask
Spread 		NAV
Chart
HYEM $20.12
$20.16 		170,381
75,402 		$0.02 / +0.08%
$0.02 / +0.10% 		+1.69%
+1.94% 		$0.04
0.18% 		0.05%

Fees

Holdings

Daily Holdings (%) as of 02/11/2026

Download XLS Get holdings
Total Holdings: 519
Holding Name % of Net
Assets
Maturity
Identifier (FIGI)
 Coupon Asset Class Market Value
Par Value/ Contracts
 Country Currency Notional Value
Provincia De Buenos Aires/Government Bo 1.82
09/01/2037
BBG012F68FJ2
 6.375 Bond 8,238,624.88
9,780,960
 Argentina USD --
Samarco Mineracao Sa 0.73
06/30/2031
BBG01KH0FB04
 9.500 Bond 3,303,512.49
3,258,686
 Brazil USD --
Grupo Nutresa Sa 0.62
05/12/2035
BBG01TVRY5T1
 9.000 Bond 2,819,337.50
2,450,000
 Colombia USD --
Ypf Sa 0.62
01/17/2034
BBG01RP2B2J0
 8.250 Bond 2,811,375.71
2,725,000
 Argentina USD --
Digicel International Finance Ltd / Dif 0.61
08/01/2032
BBG01W9T70R8
 8.625 Bond 2,773,966.66
2,650,000
 Bermuda USD --
Grupo Nutresa Sa 0.57
05/12/2030
BBG01TVSWJ66
 8.000 Bond 2,567,405.88
2,350,000
 Colombia USD --
Ecopetrol Sa 0.55
01/13/2033
BBG01C9JG584
 8.875 Bond 2,468,872.83
2,275,000
 Colombia USD --
Teva Pharmaceutical Finance Netherlands 0.54
10/01/2046
BBG00DDM0L65
 4.100 Bond 2,450,060.17
3,148,000
 Israel USD --
Petroleos Mexicanos 0.52
01/23/2050
BBG00XKLY8D9
 7.690 Bond 2,335,146.23
2,550,000
 Mexico USD --
Latam Airlines Group Sa 0.51
04/15/2030
BBG01Q3N0BS2
 7.875 Bond 2,310,524.38
2,150,000
 Chile USD --
First Quantum Minerals Ltd 0.50
06/01/2031
BBG01GNY62R3
 8.625 Bond 2,270,854.37
2,125,000
 Canada USD --
First Quantum Minerals Ltd 0.50
03/01/2029
BBG01LNT8JM9
 9.375 Bond 2,270,039.12
2,075,000
 Canada USD --
Petroleos Mexicanos 0.48
02/16/2032
BBG015PXLJ57
 6.700 Bond 2,177,363.29
2,100,000
 Mexico USD --
Wynn Macau Ltd 0.48
08/26/2028
BBG00WS5XGN0
 5.625 Bond 2,152,680.55
2,100,000
 United States USD --
Petroleos Del Peru Sa 0.47
06/19/2047
BBG00GXFKVG6
 5.625 Bond 2,146,133.33
3,175,000
 Peru USD --
Teva Pharmaceutical Finance Netherlands 0.46
03/01/2028
BBG00KP7PJ85
 6.750 Bond 2,096,727.67
1,960,000
 Israel USD --
Vedanta Resources Finance Ii Plc 0.46
09/17/2029
BBG01PK89165
 10.875 Bond 2,061,087.70
1,850,000
 United Kingdom USD --
Ecopetrol Sa 0.45
04/29/2030
BBG00TGKZJN9
 6.875 Bond 2,014,722.67
1,950,000
 Colombia USD --
Saavi Energia Sarl 0.43
02/10/2035
BBG01S4PQ936
 8.875 Bond 1,966,481.25
1,800,000
 Luxembourg USD --
Ecopetrol Sa 0.43
02/01/2032
BBG01Q6VXC30
 7.750 Bond 1,965,306.63
1,900,000
 Colombia USD --
Azule Energy Finance Plc 0.43
01/23/2030
BBG01RQTCMK3
 8.125 Bond 1,938,809.19
1,900,000
 United Kingdom USD --
Aes Panama Generation Holdings Srl 0.42
05/31/2030
BBG00WLL1Y58
 4.375 Bond 1,918,075.56
2,007,045
 Panama USD --
Ecopetrol Sa 0.42
01/19/2036
BBG01KY1MDH3
 8.375 Bond 1,907,614.72
1,825,000
 Colombia USD --
Melco Resorts Finance Ltd 0.42
12/04/2029
BBG00QYZLJ02
 5.375 Bond 1,895,687.24
1,900,000
 China USD --
Tvf Varlik Kiralama As 0.41
01/23/2030
BBG01Q9FL521
 6.950 Bond 1,875,755.06
1,800,000
 Turkey USD --
Alpha Star Holding Viii Ltd 0.41
04/12/2027
BBG01JLRW446
 8.375 Bond 1,854,317.59
1,750,000
 United Arab Emirates USD --
Bangkok Bank Pcl/Hong Kong 0.41
09/25/2034
BBG00Q9CZ0R8
 3.733 Bond 1,843,972.15
1,900,000
 Thailand USD --
Central American Bottling Corp / Cbc Bo 0.40
04/27/2029
BBG014QZPM26
 5.250 Bond 1,809,245.21
1,800,000
 Guatemala USD --
Panama Infrastructure Receivable Purcha 0.40
04/05/2032
BBG01M8LQMT7
 -- Bond 1,805,948.50
2,300,000
 United Kingdom USD --
Czechoslovak Group As 0.39
01/10/2031
BBG01VQY5WG4
 6.500 Bond 1,788,130.42
1,700,000
 Czech Republic USD --
First Quantum Minerals Ltd 0.39
03/01/2033
BBG01SCY2QG2
 8.000 Bond 1,773,577.60
1,600,000
 Canada USD --
Avianca Midco 2 Plc 0.39
02/14/2030
BBG01S2T07B3
 9.625 Bond 1,764,819.59
1,650,000
 United Kingdom USD --
Telecom Argentina Sa 0.39
05/28/2033
BBG01V46KCT2
 9.250 Bond 1,753,758.03
1,625,000
 Argentina USD --
Transnet/South Africa 0.39
02/06/2028
BBG01DD2RLC2
 8.250 Bond 1,743,319.18
1,650,000
 South Africa USD --
First Quantum Minerals Ltd 0.38
02/15/2034
BBG01WJX7WS7
 7.250 Bond 1,741,365.27
1,600,000
 Canada USD --
Studio City Finance Ltd 0.38
01/15/2029
BBG00YRFTQK1
 5.000 Bond 1,740,174.03
1,789,000
 China USD --
Dar Al-Arkan Sukuk Co Ltd 0.38
02/25/2029
BBG01HGBZ126
 8.000 Bond 1,736,808.54
1,600,000
 Cayman Islands USD --
Cemex Sab De Cv 0.38
12/31/2049
BBG01VCXTY26
 7.200 Bond 1,732,160.00
1,600,000
 Mexico USD --
Wynn Macau Ltd 0.38
02/15/2034
BBG01WMC7900
 6.750 Bond 1,726,930.51
1,650,000
 China USD --
Sasol Financing Usa Llc 0.38
05/03/2029
BBG01GF4KYT0
 8.750 Bond 1,724,986.84
1,650,000
 United States USD --
Cfamc Iii Co Ltd 0.38
11/07/2027
BBG00J3QGMZ3
 4.250 Bond 1,715,865.84
1,700,000
 China USD --
Eskom Holdings 0.37
08/10/2028
BBG00LL9FKT8
 6.350 Bond 1,668,986.07
1,616,000
 South Africa USD --
Sable International Finance Ltd 0.37
10/15/2032
BBG01Q0829S1
 7.125 Bond 1,653,360.33
1,600,000
 Cayman Islands USD --
Champion Path Holdings Ltd 0.36
01/27/2028
BBG00YZ6X319
 4.850 Bond 1,639,096.58
1,675,000
 China USD --
Greenko Wind Projects Mauritius Ltd 0.36
09/27/2028
BBG01SWDVMJ0
 7.250 Bond 1,628,511.46
1,550,000
 Mauritius USD --
Teva Pharmaceutical Finance Netherlands 0.36
05/09/2029
BBG0136TNRY0
 5.125 Bond 1,616,034.95
1,575,000
 Netherlands USD --
Omniyat Sukuk 1 Ltd 0.35
05/06/2028
BBG01TP6HBZ3
 8.375 Bond 1,584,477.67
1,500,000
 Cayman Islands USD --
Uzbekneftegaz Jsc 0.34
05/07/2030
BBG01TR27GF2
 8.750 Bond 1,557,515.30
1,400,000
 Uzbekistan USD --
Wynn Macau Ltd 0.34
12/15/2029
BBG00R28RQ49
 5.125 Bond 1,552,144.21
1,550,000
 United States USD --
Ecopetrol Sa 0.34
05/28/2045
BBG006JMY0P2
 5.875 Bond 1,529,986.65
1,975,000
 Colombia USD --
Ypf Sa 0.33
09/11/2031
BBG01PL2DPW0
 8.750 Bond 1,516,499.69
1,400,000
 Argentina USD --
Vista Energy Argentina Sau 0.33
06/10/2033
BBG01VCXTPN2
 8.500 Bond 1,505,206.12
1,425,000
 Argentina USD --
Telecommunications Co Telekom Srbija Ad 0.33
10/28/2029
BBG01QB0YBZ8
 7.000 Bond 1,504,911.57
1,450,000
 Serbia USD --
Ypf Sa 0.33
01/17/2031
BBG01KYQ16S4
 9.500 Bond 1,491,084.15
1,400,000
 Argentina USD --
Gol Finance Inc 0.33
06/06/2030
BBG01V2XSS58
 14.375 Bond 1,489,473.60
1,400,000
 Cayman Islands USD --
Teva Pharmaceutical Finance Co Llc 0.33
02/01/2036
BBG0000BW204
 6.150 Bond 1,479,085.50
1,400,000
 Israel USD --
Bapco Energies Bsc Closed 0.33
10/25/2027
BBG00HZYT9D4
 7.500 Bond 1,477,946.40
1,400,000
 Bahrain USD --
Empresas Publicas De Medellin Esp 0.32
07/18/2029
BBG00PPPYQ97
 4.250 Bond 1,463,095.88
1,550,000
 Colombia USD --
Grupo Aval Ltd 0.32
02/04/2030
BBG00RKLP6Y3
 4.375 Bond 1,462,662.99
1,550,000
 Colombia USD --
Bapco Energies Sukuk Ltd 0.32
05/25/2033
BBG01GNSTG72
 6.625 Bond 1,440,846.80
1,350,000
 Cayman Islands USD --
Petroleos Mexicanos 0.32
09/21/2047
BBG00FM535P8
 6.750 Bond 1,438,697.89
1,675,000
 Mexico USD --
Telecom Argentina Sa 0.32
07/18/2031
BBG01NR55KZ9
 9.500 Bond 1,434,441.31
1,325,000
 Argentina USD --
Total Play Telecomunicaciones Sa De Cv 0.32
12/31/2032
BBG01S6XZ6V2
 11.125 Bond 1,432,963.78
1,450,000
 Mexico USD --
Bapco Energies Sukuk Ltd 0.31
04/08/2029
BBG00ZVV47G2
 5.250 Bond 1,417,867.74
1,400,000
 Cayman Islands USD --
Azule Energy Finance Plc 0.31
01/22/2031
BBG01ZKVXFX4
 8.250 Bond 1,416,000.28
1,400,000
 United Kingdom USD --
State Oil Co Of The Azerbaijan Republic 0.31
03/18/2030
BBG00882VRP8
 6.950 Bond 1,415,469.93
1,275,000
 Azerbaijan USD --
Latam Airlines Group Sa 0.30
01/07/2031
BBG01VRS3381
 7.625 Bond 1,376,432.19
1,300,000
 Chile USD --
Shriram Finance Ltd 0.30
04/22/2027
BBG01L0KG232
 6.625 Bond 1,354,624.03
1,300,000
 India USD --
Biocon Biologics Global Plc 0.30
10/09/2029
BBG01Q3XHGD7
 6.670 Bond 1,344,102.33
1,300,000
 United Kingdom USD --
Nickel Industries Ltd 0.29
09/30/2030
BBG01XHJXTJ6
 9.000 Bond 1,330,143.05
1,250,000
 Indonesia USD --
Arabian Centres Sukuk Iii Ltd 0.29
03/06/2029
BBG01LQFDZB6
 9.500 Bond 1,313,614.82
1,200,000
 Cayman Islands USD --
Melco Resorts Finance Ltd 0.28
04/17/2032
BBG01MBNJNG9
 7.625 Bond 1,286,942.94
1,200,000
 Cayman Islands USD --
Irb Infrastructure Developers Ltd 0.28
03/11/2032
BBG01LPSCJ26
 7.110 Bond 1,285,445.22
1,200,000
 India USD --
Volcan Cia Minera Saa 0.28
10/28/2032
BBG01Y4G48N7
 8.500 Bond 1,281,126.67
1,200,000
 Peru USD --
Cfamc Iii Co Ltd 0.28
04/27/2027
BBG00GH7Q136
 4.750 Bond 1,273,137.78
1,250,000
 China USD --
Energean Israel Finance Ltd 0.28
09/30/2033
BBG01H754DC6
 8.500 Bond 1,271,692.27
1,150,000
 Israel USD --
Mazoon Assets Co Saoc 0.28
10/09/2031
BBG01Q32ZMJ6
 5.250 Bond 1,270,921.66
1,225,000
 Oman USD --
Muthoot Finance Ltd 0.28
02/14/2028
BBG01MRHYJ86
 7.125 Bond 1,268,105.92
1,200,000
 India USD --
Otp Bank Nyrt 0.28
07/30/2035
BBG01RXCK0G6
 7.300 Bond 1,267,820.48
1,200,000
 Hungary USD --
Ecopetrol Sa 0.28
01/19/2029
BBG01H7RQ9N1
 8.625 Bond 1,266,941.40
1,175,000
 Colombia USD --
Turkiye Ihracat Kredi Bankasi As 0.28
02/06/2028
BBG01L8B4BY3
 7.500 Bond 1,262,684.91
1,200,000
 Turkey USD --
Muthoot Finance Ltd 0.28
03/02/2030
BBG01WXJY002
 6.375 Bond 1,256,421.14
1,200,000
 India USD --
Melco Resorts Finance Ltd 0.28
07/21/2028
BBG00W26SNM8
 5.750 Bond 1,254,922.22
1,250,000
 China USD --
Ivanhoe Mines Ltd 0.28
01/23/2030
BBG01RV19P16
 7.875 Bond 1,254,609.60
1,200,000
 Canada USD --
Ocp Sa 0.28
06/23/2031
BBG011DF53Q8
 3.750 Bond 1,252,848.23
1,325,000
 Morocco USD --
Otp Bank Nyrt 0.28
05/15/2033
BBG01F3K9HR1
 8.750 Bond 1,252,189.72
1,150,000
 Hungary USD --
Canpack Sa / Canpack Us Llc 0.28
11/15/2029
BBG012TG3JT1
 3.875 Bond 1,250,960.64
1,300,000
 Poland USD --
C&W Senior Finance Ltd 0.28
01/15/2033
BBG01S67NQ11
 9.000 Bond 1,248,744.00
1,200,000
 Cayman Islands USD --
Sammaan Capital Ltd 0.28
08/28/2028
BBG01WW37QQ3
 8.950 Bond 1,248,613.39
1,150,000
 India USD --
Province Of Santa Fe 0.27
12/11/2034
BBG01YX2KJP2
 8.100 Bond 1,240,031.25
1,250,000
 Argentina USD --
Tecpetrol Sa 0.27
11/03/2030
BBG01Y75K2K6
 7.625 Bond 1,238,436.67
1,200,000
 Argentina USD --
We Soda Investments Holding Plc 0.27
10/06/2028
BBG01JJ4K2R2
 9.500 Bond 1,235,567.92
1,150,000
 United Kingdom USD --
Industrial Subordinated Trust 2 0 0.27
04/15/2036
BBG01ZHBD389
 6.550 Bond 1,234,013.33
1,200,000
 Cayman Islands USD --
Zorlu Enerji Elektrik Uretim As 0.27
04/23/2030
BBG01QB1G2Z6
 11.000 Bond 1,219,520.81
1,250,000
 Turkey USD --
Mgm China Holdings Ltd 0.26
02/01/2027
BBG00ZSKZRB7
 4.750 Bond 1,197,999.99
1,200,000
 China USD --
Wynn Macau Ltd 0.26
10/01/2027
BBG00HP95Q84
 5.500 Bond 1,197,412.76
1,175,000
 United States USD --
Greenko Power Ii Ltd 0.26
12/13/2028
BBG013Y4NYJ6
 4.300 Bond 1,197,199.55
1,235,000
 Mauritius USD --
Sasol Financing Usa Llc 0.26
09/27/2028
BBG00LYB0LD0
 6.500 Bond 1,196,651.19
1,175,000
 South Africa USD --
Seaspan Corp 0.26
08/01/2029
BBG011PRQPQ7
 5.500 Bond 1,194,378.24
1,250,000
 China USD --
Sasol Financing Usa Llc 0.26
03/18/2031
BBG00ZMDN5R3
 5.500 Bond 1,185,061.03
1,325,000
 United States USD --
Ihs Holding Ltd 0.26
11/29/2031
BBG01QVH0Q47
 8.250 Bond 1,182,777.71
1,100,000
 United Kingdom USD --
Petroleos Del Peru Sa 0.26
06/19/2032
BBG00GXFJWB1
 4.750 Bond 1,179,759.24
1,550,000
 Peru USD --
Ypf Sa 0.26
06/30/2029
BBG00Z73L2C7
 2.500 Bond 1,178,578.13
1,125,000
 Argentina USD --
Al Jawaher Assets Co Spc 0.26
10/29/2030
BBG01Y25PF45
 4.662 Bond 1,172,979.21
1,175,000
 Oman USD --
Eregli Demir Ve Celik Fabrikalari Tas 0.26
07/23/2029
BBG01NQ3FV17
 8.375 Bond 1,172,820.63
1,100,000
 Turkey USD --
Oztel Holdings Spc Ltd 0.26
04/24/2028
BBG00KN0ZM84
 6.625 Bond 1,165,302.74
1,100,000
 Oman USD --
Provincia De Cordoba 0.26
07/02/2032
BBG01VT925Z7
 9.750 Bond 1,163,639.59
1,100,000
 Argentina USD --
Ct Trust 0.26
02/03/2032
BBG014X2R8T1
 5.125 Bond 1,162,621.30
1,225,000
 Cayman Islands USD --
Petroleos Mexicanos 0.25
01/28/2031
BBG00XKLXL14
 5.950 Bond 1,153,489.96
1,175,000
 Mexico USD --
Pluspetrol Sa 0.25
05/30/2032
BBG01V69BJ00
 8.500 Bond 1,151,959.72
1,100,000
 Argentina USD --
Teva Pharmaceutical Finance Netherlands 0.25
12/01/2030
BBG01V434WV0
 5.750 Bond 1,150,906.90
1,100,000
 Netherlands USD --
Oryx Funding Ltd 0.25
02/03/2031
BBG00Z1WYYL5
 5.800 Bond 1,135,999.27
1,100,000
 Cayman Islands USD --
Energuate Trust 2 0 0.25
09/15/2035
BBG01X6YM581
 6.350 Bond 1,128,846.39
1,100,000
 Cayman Islands USD --
Yapi Ve Kredi Bankasi As 0.25
10/16/2028
BBG01J6F67Z7
 9.250 Bond 1,128,227.35
1,000,000
 Turkey USD --
Peru Lng Srl 0.25
03/22/2030
BBG00KB82RQ5
 5.375 Bond 1,121,367.44
1,125,150
 Peru USD --
Pampa Energia Sa 0.24
12/16/2034
BBG01R6JH3V2
 7.875 Bond 1,107,646.42
1,075,000
 Argentina USD --
Fortune Star Bvi Ltd 0.24
05/19/2028
BBG01QRLCZK2
 8.500 Bond 1,105,878.20
1,050,000
 China USD --
Investment Energy Resources Ltd 0.24
04/26/2029
BBG010423G00
 6.250 Bond 1,102,989.13
1,075,000
 Bermuda USD --
Nanyang Commercial Bank Ltd 0.24
10/28/2072
BBG016Y2GJH6
 6.500 Bond 1,095,740.85
1,050,000
 China USD --
Ecopetrol Sa 0.24
11/02/2031
BBG0136Y1ZJ2
 4.625 Bond 1,093,930.94
1,195,000
 Colombia USD --
Seplat Energy Plc 0.24
03/21/2030
BBG01SV550X9
 9.125 Bond 1,092,344.31
1,000,000
 Nigeria USD --
Cia De Minas Buenaventura Saa 0.24
02/04/2032
BBG01S2SVBL1
 6.800 Bond 1,090,722.47
1,050,000
 Peru USD --
Capstone Copper Corp 0.24
03/31/2033
BBG01SZYR852
 6.750 Bond 1,065,129.50
1,000,000
 Canada USD --
Turkiye Varlik Fonu Yonetimi As 0.23
02/14/2029
BBG01LC2G809
 8.250 Bond 1,062,647.91
950,000
 Turkey USD --
Grupo Aeromexico Sab De Cv 0.23
11/15/2031
BBG01QJTB2T9
 8.625 Bond 1,059,097.40
1,000,000
 Mexico USD --
Limak Cimento Sanayi Ve Ticaret As 0.23
07/25/2029
BBG01NSCPPZ0
 9.750 Bond 1,055,246.57
1,025,000
 Turkey USD --
Arada Sukuk 2 Ltd 0.23
06/24/2029
BBG01N8F19N0
 8.000 Bond 1,052,650.14
1,000,000
 Cayman Islands USD --
Ocp Sa 0.23
04/25/2044
BBG006BRH1Q5
 6.875 Bond 1,042,807.34
975,000
 Morocco USD --
Teva Pharmaceutical Finance Netherlands 0.23
05/09/2027
BBG0136VL8H8
 4.750 Bond 1,040,693.55
1,025,000
 Netherlands USD --
Uzbekneftegaz Jsc 0.23
11/16/2028
BBG013FT6XR4
 4.750 Bond 1,038,530.86
1,050,000
 Uzbekistan USD --
Muthoot Finance Ltd 0.23
04/23/2029
BBG01Q9MJGK5
 6.375 Bond 1,037,460.66
1,000,000
 India USD --
Puma International Financing Sa 0.23
04/25/2029
BBG01MDBLW25
 7.750 Bond 1,034,877.18
975,000
 Luxembourg USD --
Axian Telecom Holding & Management Plc 0.23
07/11/2030
BBG01VRZ78M4
 7.250 Bond 1,019,990.76
1,000,000
 United Arab Emirates USD --
Sisecam Uk Plc 0.22
05/02/2032
BBG01MLSF2Y7
 8.625 Bond 1,017,311.46
950,000
 United Kingdom USD --
Ardshinbank Cjsc Via Dilijan Finance Bv 0.22
01/22/2031
BBG01ZKW3HS7
 6.600 Bond 1,016,873.72
1,000,000
 Netherlands USD --
Inversiones Cmpc Sa 0.22
12/09/2057
BBG01X2KQX08
 6.700 Bond 1,015,911.11
1,000,000
 Chile USD --
Energean Israel Finance Ltd 0.22
03/30/2028
BBG00ZH95TN0
 5.375 Bond 1,014,204.13
1,000,000
 Luxembourg USD --
Enfragen Energia Sur Sa / Enfragen Spai 0.22
12/30/2030
BBG00YGL2V64
 5.375 Bond 1,011,058.93
1,075,000
 United States USD --
Turkiye Vakiflar Bankasi Tao 0.22
10/12/2028
BBG01J62MDW8
 9.000 Bond 1,008,918.23
900,000
 Turkey USD --
Azule Energy Finance Plc 0.22
01/22/2033
BBG01ZKVXS66
 8.625 Bond 1,006,958.95
1,000,000
 United Kingdom USD --
Thaioil Treasury Center Co Ltd 0.22
10/15/2076
BBG01ZF9CN29
 6.100 Bond 1,006,076.09
1,000,000
 Thailand USD --
Telecomunicaciones Digitales Sa 0.22
01/30/2030
BBG00QPKMNG8
 4.500 Bond 1,000,545.00
1,050,000
 Colombia USD --
Gran Tierra Energy Inc 0.22
10/15/2029
BBG01JN95W97
 9.500 Bond 998,824.78
1,200,000
 Canada USD --
Energean Israel Finance Ltd 0.22
03/30/2031
BBG00ZH95YG7
 5.875 Bond 997,236.96
1,000,000
 Luxembourg USD --
Continuum Green Energy India Pvt / Co-I 0.22
06/26/2033
BBG01N2PCYN7
 7.500 Bond 996,615.81
940,750
 India USD --
Mc Brazil Downstream Trading Sarl 0.22
06/30/2031
BBG011RV1HN4
 7.250 Bond 988,264.19
1,155,365
 Luxembourg USD --
National Bank Of Uzbekistan 0.22
07/05/2029
BBG01NHZ1QD9
 8.500 Bond 985,666.82
900,000
 Uzbekistan USD --
Gc Treasury Center Co Ltd 0.22
06/10/2076
BBG01X138RS0
 6.500 Bond 984,995.15
950,000
 Thailand USD --
Aegea Finance Sarl 0.22
01/20/2031
BBG01JJW4PT5
 9.000 Bond 975,610.08
925,000
 Luxembourg USD --
Aes Andes Sa 0.22
06/10/2055
BBG01N69F988
 8.150 Bond 975,182.86
900,000
 Chile USD --
Vista Energy Argentina Sau 0.22
12/10/2035
BBG01R3XS182
 7.625 Bond 974,314.06
950,000
 Argentina USD --
Avianca Midco 2 Plc 0.21
01/28/2031
BBG01ZKL45H8
 9.500 Bond 972,760.41
950,000
 United Kingdom USD --
Binghatti Sukuk Spc Ltd 0.21
02/28/2027
BBG01LLYVBF9
 9.625 Bond 965,460.09
900,000
 Cayman Islands USD --
Ypf Sa 0.21
07/21/2027
BBG00H5RJ6W8
 6.950 Bond 965,350.60
950,000
 Argentina USD --
Cfamc Iv Co Ltd 0.21
05/29/2029
BBG00P845KQ9
 4.500 Bond 957,705.28
950,000
 China USD --
Trinidad Generation Unltd 0.21
06/16/2033
BBG01VG6D512
 7.750 Bond 955,769.25
900,000
 Trinidad And Tobago USD --
Leviathan Bond Ltd 0.21
06/30/2027
BBG00WBMK194
 6.500 Bond 954,238.94
935,000
 Israel USD --
Ittihad International Ii Ltd 0.21
11/13/2030
BBG01YBFFH86
 7.375 Bond 953,042.87
900,000
 Cayman Islands USD --
Ihs Holding Ltd 0.21
05/29/2030
BBG01QVH05W2
 7.875 Bond 951,012.94
900,000
 United Kingdom USD --
Turkiye Garanti Bankasi As 0.21
01/03/2035
BBG01QZB6RQ4
 8.125 Bond 946,960.10
900,000
 Turkey USD --
Teva Pharmaceutical Finance Netherlands 0.21
09/15/2031
BBG01FNVYP35
 8.125 Bond 945,830.99
800,000
 Netherlands USD --
Development Bank Of Mongolia Llc 0.21
07/03/2028
BBG01VS1S211
 8.500 Bond 945,517.00
900,000
 Mongolia USD --
Yinson Bergenia Production Bv 0.21
01/31/2045
BBG01VT73ZK0
 8.498 Bond 945,061.51
888,030
 Netherlands USD --
Ciudad Autonoma De Buenos Aires/Governm 0.21
11/26/2033
BBG01YLSXZ69
 7.800 Bond 941,295.00
900,000
 Argentina USD --
Bbk Bsc 0.21
06/06/2029
BBG01N2DW9R3
 6.875 Bond 939,921.87
900,000
 Bahrain USD --
Tc Ziraat Bankasi As 0.21
02/04/2030
BBG01S1708B0
 7.250 Bond 938,587.81
900,000
 Turkey USD --
Jsw Steel Ltd 0.21
04/05/2032
BBG012JDBC51
 5.050 Bond 936,533.20
925,000
 India USD --
Bapco Energies Bsc Closed 0.21
11/07/2028
BBG00MFJ5HP3
 8.375 Bond 931,555.65
850,000
 Bahrain USD --
Petroleos Mexicanos 0.21
01/28/2060
BBG00XKLYGH7
 6.950 Bond 930,398.44
1,125,000
 Mexico USD --
Melco Resorts Finance Ltd 0.21
07/17/2027
BBG00PNVM791
 5.625 Bond 929,445.03
925,000
 China USD --
Sierracol Energy Andina Llc/Sierracol E 0.21
11/14/2030
BBG01YDMMPG4
 9.000 Bond 928,327.50
900,000
 United States USD --
Falabella Sa 0.21
01/15/2032
BBG012Y3XSM8
 3.375 Bond 928,265.63
1,025,000
 Chile USD --
Istanbul Metropolitan Municipality 0.20
12/06/2028
BBG01KBL3TV4
 10.500 Bond 927,909.88
825,000
 Turkey USD --
Renew Wind Energy Ap2 / Renew Power Pvt 0.20
07/14/2028
BBG00ZVJ2HD2
 4.500 Bond 922,219.35
950,000
 India USD --
Telecom Argentina Sa 0.20
01/20/2036
BBG01ZKYM4P4
 8.500 Bond 921,828.77
900,000
 Argentina USD --
China Citic Bank International Ltd 0.20
10/22/2099
BBG016QH5414
 4.800 Bond 920,530.88
900,000
 China USD --
Ocp Sa 0.20
06/23/2051
BBG011DF5495
 5.125 Bond 918,694.20
1,100,000
 Morocco USD --
Ciudad Autonoma De Buenos Aires/Governm 0.20
06/01/2027
BBG00CZPH6B5
 7.500 Bond 913,624.33
883,378
 Argentina USD --
Leviathan Bond Ltd 0.20
06/30/2030
BBG00WBMK1K1
 6.750 Bond 910,710.96
875,000
 Israel USD --
Mgm China Holdings Ltd 0.20
06/26/2031
BBG01NC2M247
 7.125 Bond 910,384.41
850,000
 China USD --
Vedanta Resources Finance Ii Plc 0.20
12/03/2031
BBG01QY2YB07
 11.250 Bond 902,807.95
800,000
 United Kingdom USD --
Aeropuertos Dominicanos Siglo Xxi Sa 0.20
06/30/2034
BBG01NK9DQZ6
 7.000 Bond 901,200.69
850,000
 Dominican Republic USD --
Navoi Mining & Metallurgical Combinat 0.20
10/17/2028
BBG01Q5PB4X3
 6.700 Bond 901,000.94
850,000
 Uzbekistan USD --
Endeavour Mining Plc 0.20
05/28/2030
BBG01V43BXH6
 7.000 Bond 893,593.56
850,000
 United Kingdom USD --
Instituto Costarricense De Electricidad 0.20
05/15/2043
BBG004CZFY54
 6.375 Bond 889,033.54
875,000
 Costa Rica USD --
Ecobank Transnational Inc 0.20
10/15/2029
BBG01Q69MH49
 10.125 Bond 887,968.29
800,000
 Togo USD --
Ypf Sa 0.20
09/30/2033
BBG00Z73N6V5
 7.000 Bond 886,106.72
875,000
 Argentina USD --
Eskom Holdings 0.20
08/10/2028
BBG00LMT0N77
 8.450 Bond 885,852.11
825,000
 South Africa USD --
Turkiye Vakiflar Bankasi Tao 0.20
07/31/2030
BBG01VW0XPW7
 7.250 Bond 883,257.28
850,000
 Turkey USD --
Vedanta Resources Finance Ii Plc 0.19
04/24/2033
BBG01RQQTMB1
 9.850 Bond 881,608.40
800,000
 United Kingdom USD --
Bapco Energies Sukuk Ltd 0.19
01/29/2035
BBG01RQRN0P8
 6.250 Bond 878,940.51
850,000
 Cayman Islands USD --
Turkiye Vakiflar Bankasi Tao 0.19
10/05/2034
BBG01NJ8TBL1
 8.994 Bond 878,098.30
800,000
 Turkey USD --
Avianca Midco 2 Plc 0.19
12/01/2028
BBG01S6ZX4Q0
 9.000 Bond 876,851.60
843,735
 United Kingdom USD --
Empresas Publicas De Medellin Esp 0.19
02/15/2031
BBG00VYJZWY6
 4.375 Bond 865,219.87
925,000
 Colombia USD --
Comision Ejecutiva Hidroelectrica Del R 0.19
01/24/2033
BBG01W6RXY74
 8.650 Bond 858,852.22
800,000
 El Salvador USD --
Navoi Mining & Metallurgical Combinat 0.19
05/14/2030
BBG01TVQYJ04
 6.750 Bond 858,281.62
800,000
 Uzbekistan USD --
Qnb Bank As 0.19
05/21/2029
BBG01MV9V4B1
 7.250 Bond 858,062.78
800,000
 Turkey USD --
Vedanta Resources Finance Ii Plc 0.19
10/15/2032
BBG01XMGT8J7
 9.125 Bond 857,182.67
800,000
 United Kingdom USD --
Sierracol Energy Andina Llc 0.19
06/15/2028
BBG011F5W3N1
 6.000 Bond 854,870.63
876,000
 United States USD --
Maf Global Securities Ltd 0.19
01/01/2099
BBG018C0NQL1
 7.875 Bond 850,125.00
800,000
 Cayman Islands USD --
Agrosuper Sa 0.19
01/20/2032
BBG014J87WG7
 4.600 Bond 847,869.90
875,000
 Chile USD --
Vedanta Resources Finance Ii Plc 0.19
07/24/2030
BBG01RQQTM94
 9.475 Bond 846,453.51
800,000
 United Kingdom USD --
Petrobras Global Finance Bv 0.19
06/05/2115
BBG009BNFQ03
 6.850 Bond 846,235.96
875,000
 Brazil USD --
Delhi International Airport Ltd 0.19
06/04/2029
BBG00P2XL2D7
 6.450 Bond 846,220.56
800,000
 India USD --
Arabian Centres Sukuk Iv Ltd 0.19
12/04/2030
BBG01YR9B3W1
 8.875 Bond 843,474.33
800,000
 Cayman Islands USD --
Gc Treasury Center Co Ltd 0.19
03/10/2076
BBG01X0G1P76
 7.125 Bond 841,587.50
800,000
 Thailand USD --
Bidvest Group Uk Plc/The 0.19
09/17/2032
BBG01X4PMYH9
 6.200 Bond 838,198.55
800,000
 United Kingdom USD --
Turkiye Garanti Bankasi As 0.18
04/15/2036
BBG01XS3VKN5
 7.625 Bond 835,627.46
800,000
 Turkey USD --
Stillwater Mining Co 0.18
11/16/2029
BBG013FSQ425
 4.500 Bond 832,266.20
850,000
 United States USD --
Yapi Ve Kredi Bankasi As 0.18
01/17/2034
BBG01KXN21P5
 9.250 Bond 831,747.20
775,000
 Turkey USD --
Kingston Airport Revenue Finance Ltd 0.18
12/15/2036
BBG01Q0Q0F54
 6.750 Bond 830,596.00
800,000
 Cayman Islands USD --
Yinson Boronia Production Bv 0.18
07/31/2042
BBG01N1PJKD2
 8.947 Bond 830,465.56
752,880
 Netherlands USD --
Banco Macro Sa 0.18
06/23/2029
BBG01VL8N2G2
 8.000 Bond 829,888.89
800,000
 Argentina USD --
Gfh Senior Sukuk Ltd 0.18
11/06/2029
BBG01QFYDDD3
 7.500 Bond 829,224.30
800,000
 Cayman Islands USD --
Aris Mining Corp 0.18
10/31/2029
BBG01QG1D284
 8.000 Bond 828,048.60
775,000
 Colombia USD --
Medco Maple Tree Pte Ltd 0.18
04/27/2029
BBG01JS8QGG8
 8.960 Bond 827,033.11
775,000
 Singapore USD --
Piramal Finance Ltd 0.18
01/29/2028
BBG01NR979B0
 7.800 Bond 826,712.11
800,000
 India USD --
Navoi Mining & Metallurgical Combinat 0.18
10/17/2031
BBG01Q5PB4Z1
 6.950 Bond 825,619.02
750,000
 Uzbekistan USD --
Teva Pharmaceutical Finance Netherlands 0.18
12/01/2032
BBG01V434WZ6
 6.000 Bond 825,288.20
775,000
 Netherlands USD --
Ecopetrol Sa 0.18
09/18/2043
BBG00582F0G1
 7.375 Bond 825,032.51
858,000
 Colombia USD --
Transportadora De Gas Del Sur Sa 0.18
07/24/2031
BBG01NWTBP10
 8.500 Bond 824,371.48
775,000
 Argentina USD --
Petroleos Mexicanos 0.18
06/15/2035
BBG000098L86
 6.625 Bond 822,461.36
850,000
 Mexico USD --
Petrobras Global Finance Bv 0.18
01/27/2028
BBG00LQM92M8
 5.999 Bond 819,842.58
800,000
 Brazil USD --
Otel Sukuk Ltd 0.18
01/24/2031
BBG01L0LWKM1
 5.375 Bond 819,609.04
800,000
 Cayman Islands USD --
Mazoon Assets Co Saoc 0.18
11/08/2027
BBG00J1ZHNB8
 5.200 Bond 818,513.77
800,000
 Oman USD --
Ai Candelaria -Spain- Sa 0.18
06/15/2033
BBG010Z7ZJX8
 5.750 Bond 816,184.26
900,000
 Spain USD --
Melco Resorts Finance Ltd 0.18
09/24/2033
BBG01X9WWNZ2
 6.500 Bond 815,441.79
800,000
 Cayman Islands USD --
Mazoon Assets Co Saoc 0.18
02/14/2029
BBG01LC31YP9
 5.500 Bond 815,099.24
775,000
 Oman USD --
Yapi Ve Kredi Bankasi As 0.18
06/11/2036
BBG01YX07D29
 7.550 Bond 814,399.01
800,000
 Turkey USD --
Playtika Holding Corp 0.18
03/15/2029
BBG00ZHSBT79
 4.250 Bond 811,898.82
950,000
 United States USD --
Binghatti Sukuk 2 Spv Ltd 0.18
08/07/2030
BBG01WDNPYL8
 8.125 Bond 809,925.19
800,000
 United Arab Emirates USD --
Mobiliare Latam Sa / Mobiliare Latam Me 0.18
11/10/2032
BBG01YBNH3F0
 6.750 Bond 809,262.00
800,000
 Panama USD --
Heritage Petroleum Co Ltd 0.18
08/12/2029
BBG0178K40P8
 9.000 Bond 800,985.75
775,000
 Trinidad And Tobago USD --
Omgrid Funding Ltd 0.18
05/16/2027
BBG00GNX2K81
 5.196 Bond 800,174.32
775,000
 Oman USD --
Sisecam Uk Plc 0.18
05/02/2029
BBG01MLSF2Q6
 8.250 Bond 797,835.25
750,000
 United Kingdom USD --
Itau Unibanco Holding Sa/Cayman Island 0.18
02/27/2030
BBG01SGH85Q4
 6.000 Bond 795,593.75
750,000
 Brazil USD --
Jscb Agrobank 0.18
10/02/2029
BBG01PZYNR23
 9.250 Bond 794,064.39
700,000
 Uzbekistan USD --
Grupo Aeromexico Sab De Cv 0.18
11/15/2029
BBG01QJT9W70
 8.250 Bond 793,542.50
750,000
 Mexico USD --
Banco Davivienda Sa 0.18
07/02/2035
BBG01VT64HS3
 8.125 Bond 793,502.60
750,000
 Colombia USD --
Franshion Brilliant Ltd 0.17
07/23/2029
BBG00PQ7L9S7
 4.250 Bond 791,455.62
850,000
 China USD --
Banco Bradesco Sa/Cayman Islands 0.17
01/22/2030
BBG01RR8DS42
 6.500 Bond 790,201.25
750,000
 Brazil USD --
Shriram Finance Ltd 0.17
04/03/2028
BBG01PZK06V2
 6.150 Bond 788,650.34
750,000
 India USD --
Irsa Inversiones Y Representaciones Sa 0.17
03/31/2035
BBG01T2HPB49
 8.000 Bond 783,266.67
750,000
 Argentina USD --
Minsur Sa 0.17
10/28/2031
BBG0135W9LG3
 4.500 Bond 780,885.45
800,000
 Peru USD --
Studio City Finance Ltd 0.17
01/15/2028
BBG00VY03599
 6.500 Bond 780,361.78
775,000
 China USD --
Adecoagro Sa 0.17
07/29/2032
BBG01W9T66W0
 7.500 Bond 777,101.34
800,000
 Luxembourg USD --
Colombia Telecomunicaciones Sa Esp 0.17
07/17/2030
BBG00VYK0RJ9
 4.950 Bond 776,556.02
825,000
 Spain USD --
Banco De Bogota Sa 0.17
08/03/2027
BBG00HBFHT22
 4.375 Bond 772,808.83
775,000
 Colombia USD --
Continuum Energy Aura Pte Ltd 0.17
02/24/2027
BBG01HWJPF03
 9.500 Bond 770,286.13
725,000
 Singapore USD --
Upl Corp Ltd 0.17
06/16/2030
BBG00VCMHVJ2
 4.625 Bond 769,644.39
800,000
 Mauritius USD --
Petroleos Mexicanos 0.17
06/02/2029
BBG019SQ9ZW9
 8.750 Bond 765,176.96
700,000
 Mexico USD --
Minerva Luxembourg Sa 0.17
09/13/2033
BBG01J6K6KZ7
 8.875 Bond 762,079.90
675,000
 Luxembourg USD --
Ihs Holding Ltd 0.17
11/29/2028
BBG013MXQ550
 6.250 Bond 761,649.88
750,000
 United Kingdom USD --
Provincia De Cordoba 0.17
02/01/2029
BBG00H2D2QW6
 7.125 Bond 755,374.08
781,927
 Argentina USD --
Jsw Steel Ltd 0.17
04/05/2027
BBG012JDBC42
 3.950 Bond 755,214.94
750,000
 India USD --
Termocandelaria Power Sa 0.17
09/17/2031
BBG01PNNG3L0
 7.750 Bond 750,970.88
700,000
 Colombia USD --
Csn Inova Ventures 0.17
01/28/2028
BBG00RJSXJQ2
 6.750 Bond 750,960.34
925,000
 Brazil USD --
Georgian Railway Jsc 0.17
06/17/2028
BBG011DF2Q99
 4.000 Bond 750,783.63
775,000
 Georgia USD --
Eskom Holdings 0.17
07/23/2027
BBG011WFKBN5
 4.314 Bond 747,141.37
750,000
 South Africa USD --
Mersin Uluslararasi Liman Isletmeciligi 0.16
11/15/2028
BBG01K1XCKP5
 8.250 Bond 745,479.47
700,000
 Turkey USD --
Greentown China Holdings Ltd 0.16
02/24/2028
BBG01S8L03B3
 8.450 Bond 744,572.16
700,000
 China USD --
Ulker Biskuvi Sanayi As 0.16
07/08/2031
BBG01NK5W7B1
 7.875 Bond 743,554.60
700,000
 Turkey USD --
Aragvi Finance International Dac 0.16
11/20/2029
BBG01QJS2JN0
 11.125 Bond 741,236.13
700,000
 Ireland USD --
Longfor Group Holdings Ltd 0.16
01/16/2028
BBG00JPV5SN0
 4.500 Bond 739,024.86
800,000
 China USD --
Silk Road Group Holding Llc 0.16
09/15/2030
BBG01X0KP2F3
 7.500 Bond 737,478.93
700,000
 Georgia USD --
Jsw Hydro Energy Ltd 0.16
05/18/2031
BBG010YS7C50
 4.125 Bond 737,296.09
774,925
 India USD --
Turk Telekomunikasyon As 0.16
10/07/2032
BBG01XN97RK2
 6.950 Bond 733,645.83
700,000
 Turkey USD --
Pluspetrol Sa 0.16
05/18/2031
BBG01YHGJK96
 8.125 Bond 728,933.82
700,000
 Argentina USD --
Fortebank Jsc 0.16
02/04/2030
BBG01S16S7Q8
 7.750 Bond 727,048.90
700,000
 Kazakhstan USD --
Tt Varlik Kiralama As 0.16
10/30/2030
BBG01Y1V4QX6
 6.500 Bond 725,018.06
700,000
 Turkey USD --
Ypf Sa 0.16
06/27/2029
BBG00PK89BC7
 8.500 Bond 723,163.76
687,000
 Argentina USD --
Transportadora De Gas Del Sur Sa 0.16
11/20/2035
BBG01YJK50M9
 7.750 Bond 718,807.64
700,000
 Argentina USD --
Pampa Energia Sa 0.16
11/14/2037
BBG01YGNGZ38
 7.750 Bond 717,261.80
700,000
 Argentina USD --
India Green Power Holdings 0.16
02/22/2027
BBG00Z69CTG2
 4.000 Bond 715,671.31
714,945
 Mauritius USD --
Arada Sukuk 2 Ltd 0.16
08/05/2030
BBG01WD7S5L3
 7.150 Bond 714,839.08
700,000
 Cayman Islands USD --
Indika Energy Tbk Pt 0.16
05/07/2029
BBG01MLQCVM3
 8.750 Bond 712,453.65
700,000
 Indonesia USD --
Pan American Energy Llc/Argentina 0.16
04/30/2032
BBG01MMR0VB5
 8.500 Bond 711,437.64
650,000
 Argentina USD --
Montego Bay Airport Revenue Finance Ltd 0.16
06/15/2035
BBG01W3T3M36
 6.600 Bond 710,043.83
700,000
 Cayman Islands USD --
Marb Bondco Plc 0.16
01/29/2031
BBG00YXT5SV4
 3.950 Bond 705,872.02
775,000
 Brazil USD --
Ypf Sa 0.16
12/15/2047
BBG00JFF1FQ5
 7.000 Bond 705,776.04
780,000
 Argentina USD --
Teva Pharmaceutical Finance Netherlands 0.16
09/15/2029
BBG01FNVYNQ5
 7.875 Bond 705,344.38
625,000
 Netherlands USD --
Cfamc Iii Co Ltd 0.16
11/07/2047
BBG00J3QH614
 4.950 Bond 705,308.44
750,000
 China USD --
Binghatti Sukuk 2 Spv Ltd 0.16
07/02/2029
BBG01XH55QQ5
 7.750 Bond 704,385.55
700,000
 United Arab Emirates USD --
Nanyang Commercial Bank Ltd 0.16
09/07/2073
BBG01FP1PHG3
 7.350 Bond 703,637.53
650,000
 China USD --
Ypf Energia Electrica Sa 0.16
10/16/2032
BBG01Q782C61
 7.875 Bond 701,606.11
675,000
 Argentina USD --
Medco Cypress Tree Pte Ltd 0.15
05/19/2030
BBG01TV4M9Y1
 8.625 Bond 698,500.95
650,000
 Singapore USD --
Nak Naftogaz Ukraine Via Kondor Finance 0.15
11/08/2028
BBG00QRWDCB9
 7.625 Bond 692,201.01
846,481
 Ukraine USD --
Enfragen Energia Sur Sau/ Enfragen Chil 0.15
06/30/2032
BBG01W13JJF2
 8.499 Bond 681,435.96
650,000
 Spain USD --
Iifl Finance Ltd 0.15
07/24/2028
BBG01RKZF949
 8.750 Bond 679,699.68
650,000
 India USD --
Nemak Sab De Cv 0.15
06/28/2031
BBG011KMQCZ2
 3.625 Bond 678,399.23
775,000
 Mexico USD --
Sisecam Uk Plc 0.15
01/23/2033
BBG01ZJZV9X3
 8.375 Bond 677,083.11
650,000
 United Kingdom USD --
Petroleos Mexicanos 0.15
01/23/2030
BBG00XK37FS7
 6.840 Bond 671,004.75
650,000
 Mexico USD --
Pampa Energia Sa 0.15
09/10/2031
BBG01PLZ7200
 7.950 Bond 670,523.44
625,000
 Argentina USD --
Golomt Bank 0.15
05/20/2027
BBG01MRYH9W3
 11.000 Bond 666,734.18
625,000
 Mongolia USD --
Petrobras Global Finance Bv 0.15
07/03/2033
BBG01H6WSCT6
 6.500 Bond 665,320.46
632,000
 Netherlands USD --
Minerva Luxembourg Sa 0.15
03/18/2031
BBG00ZJ0C016
 4.375 Bond 662,704.36
700,000
 Luxembourg USD --
Uzbek Industrial And Construction Bank 0.15
07/24/2029
BBG01NRQ8R12
 8.950 Bond 661,220.65
600,000
 Uzbekistan USD --
Banco Do Brasil Sa/Cayman 0.15
04/18/2030
BBG01G6JS9M1
 6.250 Bond 660,870.46
625,000
 Cayman Islands USD --
Geopark Ltd 0.15
01/31/2030
BBG01S198FR5
 8.750 Bond 660,587.67
700,000
 Colombia USD --
We Soda Investments Holding Plc 0.15
02/14/2031
BBG01LC23QX7
 9.375 Bond 656,452.26
600,000
 United Kingdom USD --
Banco General Sa 0.14
11/07/2169
BBG010S65DJ0
 5.250 Bond 656,032.50
675,000
 Panama USD --
Aydem Yenilenebilir Enerji As 0.14
09/30/2030
BBG01XF3CZF6
 9.875 Bond 654,712.24
625,000
 Turkey USD --
Pegasus Hava Tasimaciligi As 0.14
09/11/2031
BBG01PKB2Z06
 8.000 Bond 654,444.16
600,000
 Turkey USD --
India Clean Energy Holdings 0.14
04/18/2027
BBG014CZ5RV0
 4.500 Bond 651,727.04
650,000
 Mauritius USD --
Pakistan Water & Power Development Auth 0.14
06/04/2031
BBG01178D3W5
 7.500 Bond 651,710.45
650,000
 Pakistan USD --
Tecpetrol Sa 0.14
01/22/2033
BBG01RQZXH90
 7.625 Bond 647,073.70
625,000
 Argentina USD --
Banistmo Sa 0.14
07/31/2027
BBG00WC6FPR1
 4.250 Bond 646,188.46
650,000
 Panama USD --
Oleoducto Central Sa 0.14
07/14/2027
BBG00VZR5TC1
 4.000 Bond 644,192.46
650,000
 Colombia USD --
Mong Duong Finance Holdings Bv 0.14
05/07/2029
BBG00PV1N2T6
 5.125 Bond 644,121.29
637,319
 United States USD --
Empresa De Transmision Electrica Sa 0.14
05/02/2049
BBG00P0Q1LZ0
 5.125 Bond 642,086.77
800,000
 Panama USD --
Tc Ziraat Bankasi As 0.14
08/02/2034
BBG01MLH2R43
 8.994 Bond 641,769.01
600,000
 Turkey USD --
Liberty Costa Rica Senior Secured Finan 0.14
01/15/2031
BBG01C9WYYP3
 10.875 Bond 641,150.00
600,000
 Cayman Islands USD --
Health & Happiness H&H International Ho 0.14
07/24/2028
BBG01RRW2ZQ1
 9.125 Bond 640,450.39
600,000
 China USD --
Hanwha Totalenergies Petrochemical Co L 0.14
07/18/2029
BBG01KXT2CV1
 5.500 Bond 639,600.92
650,000
 South Korea USD --
Yapi Ve Kredi Bankasi As 0.14
10/10/2029
BBG01PKJKLS0
 7.125 Bond 639,355.45
600,000
 Turkey USD --
Akbank Tas 0.14
01/20/2030
BBG01N9SPR37
 7.498 Bond 638,743.28
600,000
 Turkey USD --
Ford Otomotiv Sanayi As 0.14
04/25/2029
BBG01MD8S542
 7.125 Bond 637,604.27
600,000
 Turkey USD --
Turk Telekomunikasyon As 0.14
05/20/2029
BBG01MRRB516
 7.375 Bond 637,448.04
600,000
 Turkey USD --
Turkcell Iletisim Hizmetleri As 0.14
01/24/2030
BBG01RQT69D7
 7.450 Bond 634,844.91
600,000
 Turkey USD --
Vedanta Resources Finance Ii Plc 0.14
06/03/2028
BBG01QY2Y9Z4
 10.250 Bond 634,208.68
600,000
 United Kingdom USD --
Metinvest Bv 0.14
10/17/2029
BBG00QGB66T9
 7.750 Bond 632,020.75
700,000
 Ukraine USD --
Petrobras Global Finance Bv 0.14
09/10/2030
BBG01X1F2VP3
 5.125 Bond 631,913.27
625,000
 Netherlands USD --
Navios South American Logistics Inc 0.14
07/14/2030
BBG01VQXG1D5
 8.875 Bond 631,095.58
600,000
 Uruguay USD --
Telefonica Moviles Chile Sa 0.14
11/18/2031
BBG013GJCTG9
 3.537 Bond 630,943.98
775,000
 Chile USD --
Petrobras Global Finance Bv 0.14
01/10/2036
BBG01X1F2VS0
 6.250 Bond 628,720.11
625,000
 Netherlands USD --
Manappuram Finance Ltd 0.14
05/12/2028
BBG01MMW5R46
 7.375 Bond 626,952.76
600,000
 India USD --
Muangthai Capital Pcl 0.14
09/30/2028
BBG01PQM4WK9
 6.875 Bond 626,369.51
600,000
 Thailand USD --
Petroleos Mexicanos 0.14
03/13/2027
BBG00K5W8536
 6.500 Bond 626,255.01
600,000
 Mexico USD --
Dar Al-Arkan Sukuk Co Ltd 0.14
02/26/2027
BBG00RT6Y613
 6.875 Bond 626,184.66
600,000
 Saudi Arabia USD --
Muangthai Capital Pcl 0.14
07/21/2030
BBG01VZ3KGC4
 7.550 Bond 625,671.01
600,000
 Thailand USD --
Arada Sukuk Ltd 0.14
06/08/2027
BBG017WDP0Z3
 8.125 Bond 624,012.38
600,000
 Cayman Islands USD --
Auna Sa 0.14
11/06/2032
BBG01YBL1BG2
 8.750 Bond 622,020.83
600,000
 Luxembourg USD --
Orazul Energy Peru Sa 0.14
09/17/2032
BBG01X6YGYJ3
 6.250 Bond 621,751.93
600,000
 Peru USD --
Studio City Co Ltd 0.14
02/15/2027
BBG0156L5CQ4
 7.000 Bond 621,743.46
600,000
 Virgin Islands USD --
Turkiye Ihracat Kredi Bankasi As 0.14
10/03/2030
BBG01XF3GQS8
 6.375 Bond 619,728.34
600,000
 Turkey USD --
Empresa Distribuidora Y Comercializador 0.14
10/24/2030
BBG01QF29B33
 9.750 Bond 619,602.50
600,000
 Argentina USD --
Dar Al-Arkan Sukuk Co Ltd 0.14
07/02/2030
BBG01VR86881
 7.250 Bond 619,438.06
600,000
 Cayman Islands USD --
Turkiye Is Bankasi As 0.14
04/02/2036
BBG01XH6YVM4
 7.375 Bond 619,335.10
600,000
 Turkey USD --
Star Energy Geothermal Wayang Windu Ltd 0.14
04/24/2033
BBG00KN7FXK3
 6.750 Bond 617,135.63
589,688
 Singapore USD --
West China Cement Ltd 0.14
12/04/2028
BBG01YRLZ3M9
 9.900 Bond 615,885.00
600,000
 China USD --
Banco Macro Sa 0.14
01/28/2031
BBG01ZNP5XJ2
 8.000 Bond 614,750.01
600,000
 Argentina USD --
Msu Energy Sa 0.14
12/05/2030
BBG01R0LSFN3
 9.750 Bond 614,050.00
600,000
 Argentina USD --
Petroleos Mexicanos 0.14
02/07/2033
BBG01JLH8JY9
 10.000 Bond 613,812.49
525,000
 Mexico USD --
Genneia Sa 0.14
12/02/2033
BBG01YPHG2P0
 7.750 Bond 612,560.83
600,000
 Argentina USD --
Inretail Shopping Malls 0.14
10/16/2032
BBG01XV1VBG3
 5.650 Bond 611,317.50
600,000
 Peru USD --
Mv24 Capital Bv 0.13
06/01/2034
BBG00PWN9WQ0
 6.748 Bond 605,067.47
589,926
 Brazil USD --
Jsw Infrastructure Ltd 0.13
01/21/2029
BBG014JFZQY3
 4.950 Bond 604,452.93
600,000
 India USD --
San Miguel Industrias Pet Sa / Ng Pet R 0.13
08/02/2028
BBG011Y7VGL0
 3.750 Bond 603,740.62
625,000
 Peru USD --
Amaggi Luxembourg International Sarl 0.13
01/28/2028
BBG00Z0HH595
 5.250 Bond 599,815.49
600,000
 Brazil USD --
Limak Yenilenebilir Enerji As 0.13
08/12/2030
BBG01S2RPYT2
 9.625 Bond 599,243.56
600,000
 Turkey USD --
Pakuwon Jati Tbk Pt 0.13
04/29/2028
BBG0108L6024
 4.875 Bond 599,227.25
600,000
 Indonesia USD --
Turkiye Garanti Bankasi As 0.13
02/28/2034
BBG01LLZ6GJ9
 8.375 Bond 597,352.13
550,000
 Turkey USD --
Adani Green Energy Up Ltd / Prayatna De 0.13
03/12/2042
BBG01LQLGZ48
 6.700 Bond 594,785.77
594,708
 India USD --
Turkiye Vakiflar Bankasi Tao 0.13
01/07/2030
BBG01Q32VB13
 6.875 Bond 594,362.94
575,000
 Turkey USD --
Turkcell Iletisim Hizmetleri As 0.13
04/11/2028
BBG00KGBZ264
 5.800 Bond 593,846.48
575,000
 Turkey USD --
Yapi Ve Kredi Bankasi As 0.13
03/03/2030
BBG01SHZDTX7
 7.250 Bond 591,334.78
550,000
 Turkey USD --
Kosmos Energy Ltd 0.13
10/01/2031
BBG01PP4PD29
 8.750 Bond 590,842.30
875,000
 United States USD --
Turkcell Iletisim Hizmetleri As 0.13
01/24/2032
BBG01RQT69M7
 7.650 Bond 589,006.89
550,000
 Turkey USD --
Petrobras Global Finance Bv 0.13
03/17/2044
BBG0064M2HN8
 7.250 Bond 587,882.72
550,000
 Brazil USD --
Akbank Tas 0.13
09/04/2035
BBG01SJTL9R1
 7.875 Bond 586,075.53
550,000
 Turkey USD --
Seazen Group Ltd 0.13
06/26/2028
BBG01VHN56C9
 11.880 Bond 583,406.64
600,000
 China USD --
Ohi Group Sa 0.13
07/22/2029
BBG01NSZTK68
 13.000 Bond 581,721.61
570,000
 Luxembourg USD --
Mexico Remittances Funding Fiduciary Es 0.13
10/15/2031
BBG01QHNDVT8
 12.500 Bond 580,372.22
550,000
 Luxembourg USD --
Petrobras Global Finance Bv 0.13
01/13/2035
BBG01PKM1VL9
 6.000 Bond 578,392.50
575,000
 Netherlands USD --
Turkiye Garanti Bankasi As 0.13
01/08/2036
BBG01VRJV326
 8.125 Bond 577,933.18
550,000
 Turkey USD --
Uzauto Motors Aj 0.13
11/19/2030
BBG01YGLJ5H0
 7.375 Bond 577,602.80
550,000
 Uzbekistan USD --
Sorik Marapi Geothermal Power Pt 0.13
08/05/2031
BBG01NSMX7F1
 7.750 Bond 577,438.46
559,980
 Indonesia USD --
Qnb Bank As 0.13
11/15/2033
BBG01K1X5G54
 10.750 Bond 575,907.14
500,000
 Turkey USD --
Anglogold Ashanti Holdings Plc 0.13
04/15/2040
BBG00007JLB4
 6.500 Bond 574,722.52
525,000
 Tanzania USD --
Arcor Saic 0.13
07/31/2033
BBG01W9T6FD1
 7.600 Bond 569,900.83
550,000
 Argentina USD --
Anadolu Efes Biracilik Ve Malt Sanayii 0.13
06/29/2028
BBG011K1SBD2
 3.375 Bond 569,153.32
600,000
 Turkey USD --
Caixa Economica Federal 0.13
05/13/2030
BBG01TX7B402
 5.625 Bond 568,110.13
550,000
 Brazil USD --
Vanke Real Estate Hong Kong Co Ltd 0.13
11/09/2027
BBG00J41Y977
 3.975 Bond 567,565.91
1,300,000
 China USD --
Gdz Elektrik Dagitim As 0.12
10/15/2029
BBG01Q5NFV55
 9.000 Bond 565,614.04
550,000
 Turkey USD --
Banco Internacional Del Peru Saa Interb 0.12
01/16/2034
BBG01KY1FWH9
 7.625 Bond 562,143.08
525,000
 Peru USD --
Centrais Eletricas Brasileiras Sa 0.12
02/04/2030
BBG00RLT4FJ5
 4.625 Bond 559,556.26
575,000
 Brazil USD --
Corp Quiport Sa 0.12
12/15/2037
BBG01YCK4F44
 9.000 Bond 556,125.00
500,000
 Ecuador USD --
Banco Btg Pactual Sa/Cayman Islands 0.12
01/27/2031
BBG01ZSYBZP9
 5.500 Bond 552,279.44
550,000
 Cayman Islands USD --
Gmr Hyderabad International Airport Ltd 0.12
10/27/2027
BBG00HY1CPC0
 4.250 Bond 551,269.81
550,000
 India USD --
Arcelik As 0.12
09/25/2028
BBG01JFH1VC0
 8.500 Bond 548,829.72
500,000
 Turkey USD --
Klabin Austria Gmbh 0.12
04/03/2029
BBG00NQJG7L3
 5.750 Bond 545,141.57
525,000
 Brazil USD --
Banco Votorantim Sa/Luxembourg 0.12
04/08/2028
BBG01T5XYRZ2
 5.875 Bond 544,739.63
525,000
 Brazil USD --
Ecopetrol Sa 0.12
11/02/2051
BBG0136Y20N3
 5.875 Bond 542,679.35
725,000
 Colombia USD --
Turk Ekonomi Bankasi As 0.12
01/17/2034
BBG01KXMGMC0
 9.375 Bond 538,169.12
500,000
 Turkey USD --
Turkiye Is Bankasi As 0.12
06/12/2029
BBG01N67MNY4
 7.750 Bond 537,283.37
500,000
 Turkey USD --
Tc Ziraat Bankasi As 0.12
01/16/2029
BBG01KXMT4N4
 8.000 Bond 536,769.06
500,000
 Turkey USD --
Georgia Global Utilities Jsc 0.12
07/25/2029
BBG01NSDYSW5
 8.875 Bond 532,228.28
500,000
 Georgia USD --
Banco Internacional Del Peru Saa Interb 0.12
04/30/2035
BBG01S0P2VJ0
 6.397 Bond 528,526.27
500,000
 Peru USD --
Banco Do Brasil Sa/Cayman 0.12
03/18/2031
BBG01LXCW637
 6.000 Bond 526,879.05
500,000
 Brazil USD --
Banco De Galicia Y Buenos Aires Sa 0.12
10/10/2028
BBG01Q55KY16
 7.750 Bond 526,864.59
500,000
 Argentina USD --
Sammaan Capital Ltd 0.12
07/03/2027
BBG01M2PMQB8
 9.700 Bond 525,864.20
500,000
 India USD --
Ronesans Holding As 0.12
10/10/2029
BBG01Q3427X5
 8.500 Bond 524,409.27
500,000
 Turkey USD --
Ica Ictas Altyapi Yavuz Sultan Selim Ko 0.12
10/31/2027
BBG01QJRM435
 7.536 Bond 523,566.89
500,000
 Turkey USD --
Ipoteka-Bank Atib 0.12
10/09/2030
BBG01XNBBWV9
 6.450 Bond 523,523.60
500,000
 Uzbekistan USD --
China Hongqiao Group Ltd 0.12
01/10/2028
BBG01RMFS634
 7.050 Bond 523,372.34
500,000
 China USD --
Threelands Energy Ltd Sarl 0.12
10/20/2035
BBG01XV22BZ2
 7.450 Bond 522,817.36
500,000
 Luxembourg USD --
Kosmos Energy Ltd 0.12
03/01/2028
BBG00ZGDRJK3
 7.500 Bond 522,181.53
650,000
 United States USD --
Centrais Eletricas Brasileiras Sa 0.11
01/11/2035
BBG01PM1J8R9
 6.500 Bond 517,388.89
500,000
 Brazil USD --
Longfor Group Holdings Ltd 0.11
09/16/2029
BBG00Q6W9Y29
 3.950 Bond 512,169.09
600,000
 China USD --
Pan American Energy Llc/Argentina 0.11
01/15/2037
BBG01ZHCSTT1
 7.750 Bond 505,513.89
500,000
 Argentina USD --
Global Bank Corp 0.11
04/16/2029
BBG00NW1QTW4
 5.250 Bond 505,093.75
500,000
 Panama USD --
Klabin Austria Gmbh 0.11
04/03/2049
BBG00NQJGM49
 7.000 Bond 504,700.00
478,000
 Brazil USD --
Turkiye Ihracat Kredi Bankasi As 0.11
01/15/2031
BBG01ZH79T04
 6.375 Bond 503,874.01
500,000
 Turkey USD --
Tav Havalimanlari Holding As 0.11
12/07/2028
BBG01KBLKFS9
 8.500 Bond 503,769.25
475,000
 Turkey USD --
Boroo Investments Pte Ltd 0.11
08/07/2032
BBG01WG85YC0
 9.500 Bond 503,291.66
500,000
 Singapore USD --
Banco Bradesco Sa/Cayman Islands 0.11
01/20/2031
BBG01ZK2TDN9
 5.375 Bond 502,217.01
500,000
 Cayman Islands USD --
Petrorio Luxembourg Holding Sarl 0.11
10/15/2030
BBG01XRQ1F31
 6.750 Bond 500,512.50
500,000
 Luxembourg USD --
Chengdu Etdz State-Owned Investment Gro 0.11
11/18/2027
BBG01QS3KZQ6
 6.500 Bond 499,477.65
500,000
 China USD --
Telecommunications Services Of Trinidad 0.11
10/18/2029
BBG00QJ3CN29
 8.875 Bond 499,439.07
475,000
 Trinidad And Tobago USD --
Aes Espana Bv 0.11
05/04/2028
BBG010LKTK59
 5.700 Bond 498,960.00
500,000
 Spain USD --
Empresa Generadora De Electricidad Hain 0.11
11/08/2028
BBG0139N55S5
 5.625 Bond 498,349.38
500,000
 Dominican Republic USD --
Metinvest Bv 0.11
10/01/2027
BBG00XGC35P1
 7.650 Bond 497,004.59
500,000
 Ukraine USD --
Kosmos Energy Ltd 0.11
05/01/2027
BBG0134KDD73
 7.750 Bond 493,479.16
500,000
 United States USD --
Provincia De Mendoza Argentina 0.11
03/19/2029
BBG00XRTJ361
 2.750 Bond 493,344.98
498,077
 Argentina USD --
National Gas Co Of Trinidad & Tobago Lt 0.11
01/15/2036
BBG00000BFQ4
 6.050 Bond 488,641.41
525,000
 Trinidad And Tobago USD --
Cia General De Combustibles Sa 0.11
11/28/2030
BBG01YPHFZ96
 11.875 Bond 487,938.80
475,000
 Argentina USD --
Rede D'Or Finance Sarl 0.11
01/22/2030
BBG00RD5CJS9
 4.500 Bond 487,864.49
499,000
 Brazil USD --
Instituto Costarricense De Electricidad 0.11
10/07/2031
BBG012S0TMF7
 6.750 Bond 484,989.75
450,000
 Costa Rica USD --
Petrobras Global Finance Bv 0.11
01/03/2031
BBG00V3LZFM5
 5.600 Bond 483,363.91
475,000
 Brazil USD --
Turkiye Sinai Kalkinma Bankasi As 0.11
10/17/2029
BBG01Q75YTN6
 7.125 Bond 478,432.95
450,000
 Turkey USD --
Constellation Oil Services Holding Sa 0.11
11/07/2029
BBG01QHM39Q3
 9.375 Bond 477,229.50
450,000
 Luxembourg USD --
Ld Celulose International Gmbh 0.10
01/26/2032
BBG01Q0W1NP1
 7.950 Bond 472,931.18
450,000
 Austria USD --
Multibank Inc 0.10
02/03/2028
BBG01DJ751F0
 7.750 Bond 468,588.50
450,000
 Panama USD --
Cap Sa 0.10
04/27/2031
BBG0109YFF40
 3.900 Bond 467,490.84
550,000
 Chile USD --
Navoiyuran State Enterprise 0.10
07/02/2030
BBG01VQYCVN0
 6.700 Bond 465,681.22
450,000
 Uzbekistan USD --
Vestel Elektronik Sanayi Ve Ticaret As 0.10
05/15/2029
BBG01MPCVFK6
 9.750 Bond 462,504.84
600,000
 Turkey USD --
Trade & Development Bank Of Mongolia Ll 0.10
12/23/2027
BBG01R5TM3M5
 8.500 Bond 459,240.95
450,000
 Mongolia USD --
B3 Sa - Brasil Bolsa Balcao 0.10
09/20/2031
BBG012JJ5104
 4.125 Bond 458,531.94
475,000
 Brazil USD --
Avation Group S Pte Ltd 0.10
05/15/2031
BBG01XRL6QX0
 8.500 Bond 455,572.30
450,000
 Singapore USD --
Turkiye Sinai Kalkinma Bankasi As 0.10
10/19/2028
BBG01J9G59T6
 9.375 Bond 451,988.10
400,000
 Turkey USD --
Maf Global Securities Ltd 0.10
02/20/2076
BBG01YGZZGX9
 5.748 Bond 450,813.19
450,000
 Cayman Islands USD --
Csn Resources Sa 0.10
06/10/2031
BBG011991JM0
 4.625 Bond 448,110.29
650,000
 Luxembourg USD --
3r Lux Sarl 0.10
02/05/2031
BBG01L81WMZ9
 9.750 Bond 439,688.61
425,000
 United States USD --
Brf Sa 0.10
09/21/2050
BBG00XDH22V4
 5.750 Bond 435,179.31
525,000
 Brazil USD --
Braskem Netherlands Finance Bv 0.09
01/31/2030
BBG00QQ65F56
 4.500 Bond 428,700.00
1,000,000
 Brazil USD --
Trident Energy Finance Plc 0.09
11/30/2029
BBG01MV95YT5
 12.500 Bond 428,488.25
400,000
 United Kingdom USD --
Petrobras Global Finance Bv 0.09
01/27/2041
BBG001DJX3T7
 6.750 Bond 427,833.05
425,000
 Brazil USD --
Petroleos Mexicanos 0.09
02/12/2028
BBG00MKQBK22
 5.350 Bond 427,416.81
425,000
 Mexico USD --
Alpha Star Holding Ix Ltd 0.09
08/26/2028
BBG01SC3XY24
 7.000 Bond 423,300.43
400,000
 Cayman Islands USD --
Rede D'Or Finance Sarl 0.09
09/09/2035
BBG01X2KNBG2
 6.450 Bond 423,082.67
400,000
 Luxembourg USD --
Mongolian Mining Corp 0.09
04/03/2030
BBG01T2L5698
 8.440 Bond 422,693.49
400,000
 China USD --
Eldorado Intl. Finance Gmbh 0.09
12/01/2032
BBG01YPGR699
 8.500 Bond 422,400.00
400,000
 Austria USD --
Metalsa Sapi De Cv 0.09
05/04/2031
BBG0109YDPB2
 3.750 Bond 419,844.93
475,000
 Mexico USD --
Li & Fung Ltd 0.09
02/05/2029
BBG01W9JP036
 8.375 Bond 418,916.84
400,000
 China USD --
Mhp Lux Sa 0.09
09/19/2029
BBG00Q7XPPJ9
 6.250 Bond 416,790.00
450,000
 Cyprus USD --
Xp Inc 0.09
07/02/2029
BBG01NK90P82
 6.750 Bond 414,595.98
400,000
 Brazil USD --
Usiminas International Sarl 0.09
01/27/2032
BBG01RXV8ZL5
 7.500 Bond 414,273.33
400,000
 Brazil USD --
Istanbul Metropolitan Municipality 0.09
04/12/2027
BBG016J911J1
 10.750 Bond 412,737.18
375,000
 Turkey USD --
Frontera Energy Corp 0.09
06/21/2028
BBG011DJG743
 7.875 Bond 412,667.34
450,000
 Canada USD --
Petrobras Global Finance Bv 0.09
01/20/2040
BBG0000H86Z1
 6.875 Bond 409,143.45
400,000
 Brazil USD --
Fortune Star Bvi Ltd 0.09
09/09/2029
BBG01X0RWJV5
 6.800 Bond 408,977.60
400,000
 Virgin Islands USD --
Banco Bradesco Sa/Cayman Islands 0.09
03/18/2027
BBG014H0J9D7
 4.375 Bond 407,923.41
400,000
 Cayman Islands USD --
Nbm Us Holdings Inc 0.09
08/06/2029
BBG00PVN4KX4
 6.625 Bond 406,901.27
400,000
 Brazil USD --
Petroleos Mexicanos 0.09
06/02/2041
BBG0021PGYX0
 6.500 Bond 405,147.84
450,000
 Mexico USD --
Kernel Holding Sa 0.09
10/27/2027
BBG00XY6QP11
 6.750 Bond 405,141.58
400,000
 Ukraine USD --
Oceanica Lux 0.09
10/02/2029
BBG01Q0R7ZB4
 13.000 Bond 403,052.09
375,000
 Luxembourg USD --
Upl Corp Ltd 0.09
03/08/2028
BBG00K7G36J5
 4.500 Bond 401,512.08
400,000
 Mauritius USD --
Champion Mtn Ltd 0.09
06/15/2030
BBG00VC6NHR2
 2.950 Bond 400,641.99
450,000
 China USD --
Rumo Luxembourg Sarl 0.09
01/10/2028
BBG00VSZG693
 5.250 Bond 398,183.00
400,000
 Brazil USD --
Total Play Telecomunicaciones Sa De Cv 0.09
12/31/2028
BBG01MG53R80
 10.500 Bond 397,530.00
400,000
 Mexico USD --
Limak Iskenderun Uluslararasi Liman Isl 0.09
07/10/2036
BBG010S177M8
 9.500 Bond 396,168.21
384,208
 Turkey USD --
Acu Petroleo Luxembourg Sarl 0.09
01/13/2032
BBG014H31DV1
 7.500 Bond 392,756.97
379,637
 Luxembourg USD --
Csn Resources Sa 0.09
12/05/2030
BBG01KD6MWS1
 8.875 Bond 392,524.43
500,000
 Luxembourg USD --
Cimko Cimento Ve Beton Sanayi Ve Ticare 0.09
05/21/2030
BBG01TZCHFK6
 10.750 Bond 389,677.58
350,000
 Turkey USD --
Klabin Austria Gmbh 0.09
01/12/2031
BBG00YS3VZM2
 3.200 Bond 387,288.12
425,000
 Brazil USD --
Natura &Co Luxembourg Holdings Sarl 0.09
05/03/2028
BBG010FXDT92
 4.125 Bond 384,920.53
400,000
 Brazil USD --
Braskem Netherlands Finance Bv 0.08
01/10/2028
BBG00HWFLW45
 4.500 Bond 384,433.78
850,000
 Brazil USD --
Banco Btg Pactual Sa/Cayman Islands 0.08
04/08/2029
BBG01M8K3762
 6.250 Bond 369,150.74
350,000
 Cayman Islands USD --
Turkiye Sinai Kalkinma Bankasi As 0.08
07/02/2030
BBG01VRZB126
 7.375 Bond 368,572.15
350,000
 Turkey USD --
Cosan Luxembourg Sa 0.08
09/20/2029
BBG00PT7JK20
 5.500 Bond 363,990.27
350,000
 Brazil USD --
Brf Sa 0.08
01/24/2030
BBG00QB0QPR6
 4.875 Bond 363,717.58
375,000
 Brazil USD --
Ero Copper Corp 0.08
02/15/2030
BBG014SXQ5N2
 6.500 Bond 363,630.36
350,000
 Brazil USD --
Sabesp Lux Sarl 0.08
08/20/2030
BBG01WBYVBN7
 5.625 Bond 362,145.00
350,000
 Luxembourg USD --
Poinsettia Finance Ltd Sarl 0.08
06/17/2031
BBG00D2WYB33
 6.625 Bond 358,740.53
360,625
 Cayman Islands USD --
Banco Btg Pactual Sa/Cayman Islands 0.08
01/22/2030
BBG01QD861V6
 5.750 Bond 356,143.96
350,000
 Cayman Islands USD --
Simpar Europe Sa 0.08
01/26/2031
BBG00YXM2H28
 5.200 Bond 352,306.12
425,000
 Brazil USD --
Generacion Mediterranea Sa / Central Te 0.08
11/01/2031
BBG01QHMLMQ4
 11.000 Bond 352,085.78
475,000
 Argentina USD --
Rede D'Or Finance Sarl 0.08
01/17/2028
BBG00JR5JVP1
 4.950 Bond 351,376.20
350,000
 Brazil USD --
Iochpe-Maxion Austria Gmbh / Maxion Whe 0.08
05/07/2028
BBG010HFB1N6
 5.000 Bond 349,401.93
350,000
 Austria USD --
Ukraine Railways Via Rail Capital Marke 0.08
07/15/2028
BBG011QMFTY2
 7.875 Bond 349,228.05
469,202
 United Kingdom USD --
Movida Europe Sa 0.08
04/11/2029
BBG01M9K04M3
 7.850 Bond 348,810.97
350,000
 Luxembourg USD --
Petroleos Mexicanos 0.08
02/12/2048
BBG00MKQBK86
 6.350 Bond 341,118.43
425,000
 Mexico USD --
Karoon Usa Finance Inc 0.07
05/14/2029
BBG01MRJB2W7
 10.500 Bond 318,316.30
300,000
 Australia USD --
Petroleos Mexicanos 0.07
01/23/2029
BBG00MKQBK40
 6.500 Bond 308,568.35
300,000
 Mexico USD --
Petrobras Global Finance Bv 0.07
02/01/2029
BBG00JWNX425
 5.750 Bond 307,216.70
300,000
 Brazil USD --
Petrobras Global Finance Bv 0.07
03/19/2049
BBG00NKXZ8F2
 6.900 Bond 306,198.21
300,000
 Brazil USD --
Banco Do Brasil Sa/Cayman 0.07
01/11/2029
BBG014FFB0R8
 4.875 Bond 301,083.48
300,000
 Cayman Islands USD --
Braskem Netherlands Finance Bv 0.07
02/13/2033
BBG01F5V0F16
 7.250 Bond 300,702.38
675,000
 Brazil USD --
Rumo Luxembourg Sarl 0.06
01/18/2032
BBG012JJ8R40
 4.200 Bond 292,784.38
325,000
 Luxembourg USD --
Braskem Netherlands Finance Bv 0.06
10/15/2034
BBG01Q7810S4
 8.000 Bond 280,196.95
650,000
 Netherlands USD --
Petrobras Global Finance Bv 0.06
06/10/2051
BBG01198GJR1
 5.500 Bond 270,043.92
321,000
 Netherlands USD --
Petroleos Mexicanos 0.06
01/23/2045
BBG0076DCXD9
 6.375 Bond 269,001.74
325,000
 Mexico USD --
Vanke Real Estate Hong Kong Co Ltd 0.06
11/12/2029
BBG00QRVV6X0
 3.500 Bond 261,448.42
650,000
 China USD --
Braskem Netherlands Finance Bv 0.06
01/12/2031
BBG01J7C9V78
 8.500 Bond 253,810.43
575,000
 Netherlands USD --
Poinsettia Finance Ltd Sarl 0.06
06/17/2031
BBG00D2WJLS1
 6.625 Bond 251,118.38
252,438
 Luxembourg USD --
Csn Resources Sa 0.05
04/08/2032
BBG015454C19
 5.875 Bond 248,127.00
350,000
 Luxembourg USD --
Frigorifico Concepcion Sa 0.05
07/21/2028
BBG011S29SH2
 7.700 Bond 247,242.16
425,000
 Paraguay USD --
Petrobras Global Finance Bv 0.05
01/15/2030
BBG00WS6V1L5
 5.093 Bond 228,638.52
225,000
 Brazil USD --
Turkiye Varlik Fonu Yonetimi As 0.05
09/10/2035
BBG01X1BJ4C8
 7.750 Bond 216,555.27
200,000
 Turkey USD --
Turkiye Ihracat Kredi Bankasi As 0.05
07/03/2028
BBG01VQY5GG9
 6.875 Bond 209,261.92
200,000
 Turkey USD --
Mhp Lux Sa 0.05
07/28/2029
BBG01ZRBM4J4
 10.500 Bond 208,948.09
200,000
 Luxembourg USD --
Ultrapar International Sa 0.04
06/06/2029
BBG00PBBLBG2
 5.250 Bond 202,549.36
200,000
 Brazil USD --
Fs Luxembourg Sarl 0.04
06/25/2033
BBG01VJHQWZ5
 8.625 Bond 200,650.00
200,000
 Luxembourg USD --
Tupy Overseas Sa 0.04
02/16/2031
BBG00Z5HYPS6
 4.500 Bond 198,656.25
250,000
 Brazil USD --
Foresea Holding Sa 0.04
06/15/2030
BBG01H2KHGH2
 7.500 Bond 198,529.35
200,000
 Luxembourg USD --
Vamos Europe Sa 0.04
01/26/2031
BBG01XHFX436
 9.200 Bond 197,695.56
200,000
 Luxembourg USD --
Aegea Finance Sarl 0.04
01/20/2036
BBG01XL79P48
 7.625 Bond 196,779.86
200,000
 Luxembourg USD --
Braskem Netherlands Finance Bv 0.04
01/31/2050
BBG00QQ65JL0
 5.875 Bond 193,485.26
500,000
 Brazil USD --
Petrobras Global Finance Bv 0.04
05/20/2043
BBG004K4JJQ0
 5.625 Bond 179,577.86
200,000
 Brazil USD --
Braskem America Finance Co 0.04
07/22/2041
BBG001XRFWG7
 7.125 Bond 160,340.32
400,000
 Brazil USD --
Petroleos Mexicanos 0.03
06/15/2038
BBG00004VPY3
 6.625 Bond 141,197.79
150,000
 Mexico USD --
Petroleos Mexicanos 0.03
06/27/2044
BBG0037R4MV9
 5.500 Bond 136,461.11
175,000
 Mexico USD --
Petroleos Mexicanos 0.03
01/23/2046
BBG00C9YG5D6
 5.625 Bond 135,753.99
175,000
 Mexico USD --
Glory Health Industry Ltd 0.00
01/25/2027
BBG00YV4M7M8
 14.250 Bond 9,134.00
200,000
 China USD --
Azul Secured Finance Llp 0.00
08/28/2030
BBG01RN2S8M7
 10.875 Bond 2,781.06
113,750
 United States USD --
Bakrie Telecom Pte Ltd 0.00
01/01/2099
BBG00006Z907
 11.500 Bond 971.25
111,000
 Indonesia USD --
Digicel Group Holdings Ltd 0.00
12/31/2030
BBG01KFKHGF3
 -- Bond .00
332,023
 Bermuda USD --
0.90
--
--
-- Cash Bal 4,089,815.54
4,089,816
 United States USD --
0.00
--
--
-- Cash Bal 5,901.74
4,976
 Europe EUR --
Other/Cash -0.04
--
--
-- Cash -198,865.25
0
 -- USD --
← Scroll for more information →
Country of risk is defined using the International Organization for Standardization’s (ISO) country codes which take four factors into account (listed in order of importance): management location, country of primary listing, country of revenue and reporting currency of the issuer. Management location is defined by country of domicile unless location of such key players as the CEO, CFO, COO or General Counsel is otherwise.

Portfolio

Currency Exposure (%) as of 01/31/2026

U.S. Dollar 98.87
Other/Cash 1.13

Credit Quality (%) as of 12/31/2025

Composite % of Net Assets
Non-Investment Grade D 0.40
Investment Grade BBB 4.92
Non-Investment Grade BB 48.99
B 32.04
CCC 4.75
C 0.10
Total Non-Investment Grade -- 0.40
Total Investment Grade -- 4.92
Total Non-Investment Grade -- 85.88
Not Rated -- 8.05
If more than one rating is available for an underlying security, the lower of the two ratings is used. If a bond issued by a national government, national government agency or supranational issuer is not rated, the issuer’s credit rating will be used. If two issuer ratings are available, the lower of the two is used. If only one rating is available in all scenarios, we will use the rating provided. If no rating is available, the security will be not rated. Not rated securities do not necessarily indicate lower credit quality. Ratings and portfolio credit quality may change over time.

Maturity (%) as at 12/31/2025

  • Years

    Maturity (%)

  • < 1

    0.10

  • 1 - 3

    21.60

  • 3 - 5

    32.30

  • 5 - 7

    20.00

  • 7 - 10

    13.40

  • 10 - 15

    4.20

  • 15 - 20

    2.00

  • 20 - 30

    3.70

  • 30 +

    1.90

Distributions

Distribution History

Anticipated Frequency: Monthly Dividend Income & Annual Capital Gains
Ex-date Record
Date 		Payable date Dividend
Income‡ 		Short-Term
Capital Gains 		Long-Term
Capital Gains 		Return of
Capital 		Total
Distributions
02/02/2026 02/02/2026 02/05/2026 $ 0.1152 -- -- -- $ 0.12
12/29/2025 12/29/2025 12/31/2025 $ 0.1129 -- -- -- $ 0.11
11/28/2025 11/28/2025 12/03/2025 $ 0.1090 -- -- -- $ 0.11
11/03/2025 11/03/2025 11/06/2025 $ 0.1170 -- -- -- $ 0.12
10/01/2025 10/01/2025 10/06/2025 $ 0.1049 -- -- -- $ 0.10
09/02/2025 09/02/2025 09/05/2025 $ 0.1124 -- -- -- $ 0.11
08/01/2025 08/01/2025 08/06/2025 $ 0.1158 -- -- -- $ 0.12
07/01/2025 07/01/2025 07/07/2025 $ 0.1012 -- -- -- $ 0.10
06/02/2025 06/02/2025 06/05/2025 $ 0.1108 -- -- -- $ 0.11
05/01/2025 05/01/2025 05/06/2025 $ 0.1105 -- -- -- $ 0.11
04/01/2025 04/01/2025 04/04/2025 $ 0.1225 -- -- -- $ 0.12
03/03/2025 03/03/2025 03/06/2025 $ 0.0981 -- -- -- $ 0.10
02/03/2025 02/03/2025 02/06/2025 $ 0.1109 -- -- -- $ 0.11
12/27/2024 12/27/2024 12/30/2024 $ 0.1193 -- -- -- $ 0.12
12/02/2024 12/02/2024 12/05/2024 $ 0.1033 -- -- -- $ 0.10
11/01/2024 11/01/2024 11/06/2024 $ 0.1107 -- -- -- $ 0.11
10/01/2024 10/01/2024 10/04/2024 $ 0.1013 -- -- -- $ 0.10
09/03/2024 09/03/2024 09/06/2024 $ 0.0991 -- -- -- $ 0.10
08/01/2024 08/01/2024 08/06/2024 $ 0.1054 -- -- -- $ 0.11
07/01/2024 07/01/2024 07/05/2024 $ 0.1026 -- -- -- $ 0.10
06/03/2024 06/03/2024 06/06/2024 $ 0.1057 -- -- -- $ 0.11
05/01/2024 05/02/2024 05/07/2024 $ 0.0846 -- -- -- $ 0.08
04/01/2024 04/02/2024 04/05/2024 $ 0.1076 -- -- -- $ 0.11
03/01/2024 03/04/2024 03/07/2024 $ 0.0953 -- -- -- $ 0.10
02/01/2024 02/02/2024 02/07/2024 $ 0.0989 -- -- -- $ 0.10
12/27/2023 12/28/2023 12/29/2023 $ 0.1062 -- -- -- $ 0.11
12/01/2023 12/04/2023 12/07/2023 $ 0.0848 -- -- -- $ 0.08
11/01/2023 11/02/2023 11/07/2023 $ 0.0782 -- -- -- $ 0.08
10/02/2023 10/03/2023 10/06/2023 $ 0.1000 -- -- -- $ 0.10
09/01/2023 09/05/2023 09/08/2023 $ 0.0995 -- -- -- $ 0.10
08/01/2023 08/02/2023 08/10/2023 $ 0.1028 -- -- -- $ 0.10
07/03/2023 07/05/2023 07/07/2023 $ 0.0999 -- -- -- $ 0.10
06/01/2023 06/02/2023 06/07/2023 $ 0.1125 -- -- -- $ 0.11
05/01/2023 05/02/2023 05/05/2023 $ 0.0884 -- -- -- $ 0.09
04/03/2023 04/04/2023 04/10/2023 $ 0.1037 -- -- -- $ 0.10
03/01/2023 03/02/2023 03/07/2023 $ 0.0868 -- -- -- $ 0.09
02/01/2023 02/02/2023 02/07/2023 $ 0.0978 -- -- -- $ 0.10
12/28/2022 12/29/2022 12/30/2022 $ 0.0946 -- -- -- $ 0.09
12/01/2022 12/02/2022 12/07/2022 $ 0.0909 -- -- -- $ 0.09
11/01/2022 11/02/2022 11/07/2022 $ 0.1012 -- -- -- $ 0.10
10/03/2022 10/04/2022 10/07/2022 $ 0.0835 -- -- -- $ 0.08
09/01/2022 09/02/2022 09/08/2022 $ 0.0743 -- -- -- $ 0.07
08/01/2022 08/02/2022 08/05/2022 $ 0.1190 -- -- -- $ 0.12
07/01/2022 07/05/2022 07/08/2022 $ 0.1180 -- -- -- $ 0.12
06/01/2022 06/02/2022 06/07/2022 $ 0.1072 -- -- -- $ 0.11
05/02/2022 05/03/2022 05/06/2022 $ 0.1031 -- -- -- $ 0.10
04/01/2022 04/04/2022 04/07/2022 $ 0.1050 -- -- -- $ 0.11
03/01/2022 03/02/2022 03/07/2022 $ 0.0945 -- -- -- $ 0.09
02/01/2022 02/02/2022 02/07/2022 $ 0.0867 -- -- -- $ 0.09
12/29/2021 12/30/2021 12/31/2021 $ 0.1108 -- -- -- $ 0.11
12/01/2021 12/02/2021 12/07/2021 $ 0.1003 -- -- -- $ 0.10
11/01/2021 11/02/2021 11/05/2021 $ 0.1043 -- -- -- $ 0.10
10/01/2021 10/04/2021 10/07/2021 $ 0.1007 -- -- -- $ 0.10
09/01/2021 09/02/2021 09/08/2021 $ 0.1036 -- -- -- $ 0.10
08/02/2021 08/03/2021 08/06/2021 $ 0.1049 -- -- -- $ 0.10
07/01/2021 07/02/2021 07/08/2021 $ 0.0736 -- -- -- $ 0.07
06/01/2021 06/02/2021 06/07/2021 $ 0.1085 -- -- -- $ 0.11
05/03/2021 05/04/2021 05/07/2021 $ 0.1057 -- -- -- $ 0.11
04/01/2021 04/05/2021 04/08/2021 $ 0.1086 -- -- -- $ 0.11
03/01/2021 03/02/2021 03/05/2021 $ 0.0970 -- -- -- $ 0.10
02/01/2021 02/02/2021 02/05/2021 $ 0.0765 -- -- -- $ 0.08
12/29/2020 12/30/2020 01/05/2021 $ 0.1139 -- -- -- $ 0.11
12/01/2020 12/02/2020 12/07/2020 $ 0.1067 -- -- -- $ 0.11
11/02/2020 11/03/2020 11/06/2020 $ 0.1163 -- -- -- $ 0.12
10/01/2020 10/02/2020 10/07/2020 $ 0.1080 -- -- -- $ 0.11
09/01/2020 09/02/2020 09/08/2020 $ 0.1094 -- -- -- $ 0.11
08/03/2020 08/04/2020 08/07/2020 $ 0.1106 -- -- -- $ 0.11
07/01/2020 07/02/2020 07/08/2020 $ 0.0790 -- -- -- $ 0.08
06/01/2020 06/02/2020 06/05/2020 $ 0.1227 -- -- -- $ 0.12
05/01/2020 05/04/2020 05/07/2020 $ 0.1094 -- -- -- $ 0.11
04/01/2020 04/02/2020 04/07/2020 $ 0.1318 -- -- -- $ 0.13
03/02/2020 03/03/2020 03/06/2020 $ 0.1094 -- -- -- $ 0.11
02/03/2020 02/04/2020 02/07/2020 $ 0.1120 -- -- -- $ 0.11
12/30/2019 12/31/2019 01/06/2020 $ 0.1223 -- -- -- $ 0.12
12/02/2019 12/03/2019 12/06/2019 $ 0.1149 -- -- -- $ 0.11
11/01/2019 11/04/2019 11/07/2019 $ 0.1206 -- -- -- $ 0.12
10/01/2019 10/02/2019 10/07/2019 $ 0.1215 -- -- -- $ 0.12
09/03/2019 09/04/2019 09/09/2019 $ 0.1213 -- -- -- $ 0.12
08/01/2019 08/02/2019 08/07/2019 $ 0.1218 -- -- -- $ 0.12
07/01/2019 07/02/2019 07/08/2019 $ 0.1184 -- -- -- $ 0.12
06/03/2019 06/04/2019 06/07/2019 $ 0.1415 -- -- -- $ 0.14
05/01/2019 05/02/2019 05/07/2019 $ 0.1168 -- -- -- $ 0.12
04/01/2019 04/02/2019 04/05/2019 $ 0.1165 -- -- -- $ 0.12
03/01/2019 03/04/2019 03/07/2019 $ 0.1150 -- -- -- $ 0.12
02/01/2019 02/04/2019 02/07/2019 $ 0.1267 -- -- -- $ 0.13
12/27/2018 12/28/2018 01/03/2019 $ 0.1159 -- -- -- $ 0.12
12/03/2018 12/04/2018 12/07/2018 $ 0.1098 -- -- -- $ 0.11
11/01/2018 11/02/2018 11/07/2018 $ 0.1136 -- -- -- $ 0.11
10/01/2018 10/02/2018 10/05/2018 $ 0.1093 -- -- -- $ 0.11
09/04/2018 09/05/2018 09/10/2018 $ 0.1179 -- -- -- $ 0.12
08/01/2018 08/02/2018 08/07/2018 $ 0.1154 -- -- -- $ 0.12
07/02/2018 07/03/2018 07/09/2018 $ 0.1069 -- -- -- $ 0.11
06/01/2018 06/04/2018 06/07/2018 $ 0.1146 -- -- -- $ 0.11
05/01/2018 05/02/2018 05/07/2018 $ 0.1008 -- -- -- $ 0.10
04/02/2018 04/03/2018 04/06/2018 $ 0.1072 -- -- -- $ 0.11
03/01/2018 03/02/2018 03/07/2018 $ 0.0506 -- -- -- $ 0.05
02/01/2018 02/02/2018 02/07/2018 $ 0.1151 -- -- -- $ 0.12
12/27/2017 12/28/2017 01/03/2018 $ 0.1205 -- -- -- $ 0.12
12/01/2017 12/04/2017 12/07/2017 $ 0.1167 -- -- -- $ 0.12
11/01/2017 11/02/2017 11/07/2017 $ 0.1205 -- -- -- $ 0.12
10/02/2017 10/03/2017 10/06/2017 $ 0.1178 -- -- -- $ 0.12
09/01/2017 09/06/2017 09/08/2017 $ 0.1158 -- -- -- $ 0.12
08/01/2017 08/03/2017 08/07/2017 $ 0.1204 -- -- -- $ 0.12
07/03/2017 07/06/2017 07/10/2017 $ 0.1256 -- -- -- $ 0.13
06/01/2017 06/05/2017 06/07/2017 $ 0.1243 -- -- -- $ 0.12
05/01/2017 05/03/2017 05/05/2017 $ 0.1180 -- -- -- $ 0.12
04/03/2017 04/05/2017 04/07/2017 $ 0.1349 -- -- -- $ 0.13
03/01/2017 03/03/2017 03/07/2017 $ 0.1100 -- -- -- $ 0.11
02/01/2017 02/03/2017 02/07/2017 $ 0.1110 -- -- -- $ 0.11
12/28/2016 12/30/2016 01/04/2017 $ 0.1210 -- -- -- $ 0.12
12/01/2016 12/05/2016 12/07/2016 $ 0.1234 -- -- -- $ 0.12
11/01/2016 11/03/2016 11/07/2016 $ 0.1260 -- -- -- $ 0.13
10/03/2016 10/05/2016 10/07/2016 $ 0.1170 -- -- -- $ 0.12
09/01/2016 09/06/2016 09/08/2016 $ 0.1275 -- -- -- $ 0.13
08/01/2016 08/03/2016 08/05/2016 $ 0.1277 -- -- -- $ 0.13
07/01/2016 07/06/2016 07/08/2016 $ 0.1349 -- -- -- $ 0.13
06/01/2016 06/03/2016 06/07/2016 $ 0.1068 -- -- -- $ 0.11
05/02/2016 05/04/2016 05/06/2016 $ 0.1300 -- -- -- $ 0.13
04/01/2016 04/05/2016 04/07/2016 $ 0.1394 -- -- -- $ 0.14
03/01/2016 03/03/2016 03/07/2016 $ 0.1138 -- -- -- $ 0.11
02/01/2016 02/03/2016 02/05/2016 $ 0.1353 -- -- -- $ 0.14
12/29/2015 12/31/2015 01/05/2016 $ 0.1491 -- -- -- $ 0.15
12/01/2015 12/03/2015 12/07/2015 $ 0.1306 -- -- -- $ 0.13
11/02/2015 11/04/2015 11/06/2015 $ 0.1542 -- -- -- $ 0.15
10/01/2015 10/05/2015 10/07/2015 $ 0.1330 -- -- -- $ 0.13
09/01/2015 09/03/2015 09/08/2015 $ 0.1410 -- -- -- $ 0.14
08/03/2015 08/05/2015 08/07/2015 $ 0.1400 -- -- -- $ 0.14
07/01/2015 07/06/2015 07/08/2015 $ 0.1340 -- -- -- $ 0.13
06/01/2015 06/03/2015 06/05/2015 $ 0.1390 -- -- -- $ 0.14
05/01/2015 05/05/2015 05/07/2015 $ 0.1424 -- -- -- $ 0.14
04/01/2015 04/06/2015 04/08/2015 $ 0.1558 -- -- -- $ 0.16
03/02/2015 03/04/2015 03/06/2015 $ 0.1300 -- -- -- $ 0.13
02/02/2015 02/04/2015 02/06/2015 $ 0.1417 -- -- -- $ 0.14
12/29/2014 12/31/2014 01/05/2015 $ 0.1420 -- -- -- $ 0.14
12/01/2014 12/03/2014 12/05/2014 $ 0.1280 -- -- -- $ 0.13
11/03/2014 11/05/2014 11/07/2014 $ 0.1360 -- -- -- $ 0.14
10/01/2014 10/03/2014 10/07/2014 $ 0.1280 -- -- -- $ 0.13
09/02/2014 09/04/2014 09/08/2014 $ 0.1400 -- -- -- $ 0.14
08/01/2014 08/05/2014 08/07/2014 $ 0.1400 -- -- -- $ 0.14
07/01/2014 07/03/2014 07/08/2014 $ 0.1270 -- -- -- $ 0.13
06/02/2014 06/04/2014 06/06/2014 $ 0.1390 -- -- -- $ 0.14
05/01/2014 05/05/2014 05/07/2014 $ 0.1260 -- -- -- $ 0.13
04/01/2014 04/03/2014 04/07/2014 $ 0.0988 -- -- -- $ 0.10
03/03/2014 03/05/2014 03/07/2014 $ 0.1230 -- -- -- $ 0.12
02/03/2014 02/05/2014 02/07/2014 $ 0.1280 -- -- -- $ 0.13
12/27/2013 12/31/2013 01/03/2014 $ 0.1400 -- -- -- $ 0.14
12/02/2013 12/04/2013 12/06/2013 $ 0.1245 -- -- -- $ 0.12
11/01/2013 11/05/2013 11/07/2013 $ 0.1430 -- -- -- $ 0.14
10/01/2013 10/03/2013 10/07/2013 $ 0.1169 -- -- -- $ 0.12
09/03/2013 09/05/2013 09/09/2013 $ 0.1270 -- -- -- $ 0.13
08/01/2013 08/05/2013 08/07/2013 $ 0.1324 -- -- -- $ 0.13
07/01/2013 07/03/2013 07/08/2013 $ 0.1237 -- -- -- $ 0.12
06/03/2013 06/05/2013 06/07/2013 $ 0.1320 -- -- -- $ 0.13
05/01/2013 05/03/2013 05/07/2013 $ 0.0915 -- -- -- $ 0.09
04/01/2013 04/03/2013 04/05/2013 $ 0.1460 -- -- -- $ 0.15
03/01/2013 03/05/2013 03/07/2013 $ 0.1250 -- -- -- $ 0.13
02/01/2013 02/05/2013 02/07/2013 $ 0.1359 -- -- -- $ 0.14
12/27/2012 12/31/2012 01/03/2013 $ 0.1250 $ 0.0080 -- -- $ 0.13
12/03/2012 12/05/2012 12/07/2012 $ 0.1580 -- -- -- $ 0.16
11/01/2012 11/05/2012 11/07/2012 $ 0.1580 -- -- -- $ 0.16
10/01/2012 10/03/2012 10/05/2012 $ 0.1240 -- -- -- $ 0.12
09/04/2012 09/07/2012 09/10/2012 $ 0.1600 -- -- -- $ 0.16
08/01/2012 08/03/2012 08/07/2012 $ 0.1610 -- -- -- $ 0.16
07/02/2012 07/05/2012 07/09/2012 $ 0.1600 -- -- -- $ 0.16

‡All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant VanEck ETFs on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.

Certain distributions may constitute a return of capital, which will have the effect of reducing your cost basis in the Fund’s shares and thereby increasing the amount of capital gain, if any, or decreasing the amount of capital loss, if any, that you will realize when selling or exchanging Fund shares. The final determination of the tax characteristics cannot be determined until after each Fund’s yearend and are reported to shareholders on Form 1099-DIV. The form is mailed to shareholders shortly after calendar yearend specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distribution on a shareholder’s tax return.

The tax treatment and characterization of the Fund’s distributions may vary significantly from time to time depending on whether the Fund has gains or losses on the securities in its portfolio. The Fund’s distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital. The final composition of the tax characteristics of the distributions cannot be determined with certainty until after the end of the year, and will be reported to shareholders at that time. The amount of distributions will vary, depending on a number of factors. As portfolio and market conditions change, the rate of dividends may change. There can be no assurance that the Fund will be able to declare a dividend distribution in each period. Past performance is no guarantee of future results.

Click here to access more detailed yearend tax information

Team

Literature

HYEM