VanEck Emerging Markets High Yield Bond UCITS ETF Fund Holdings as of 6/5/2023
Composite Rating. An evenly weighted blend of a security's Moody's, S&P, Fitch, and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion.
NumberHoldingBond IdentifierCoupon RateMaturity DateComposite Rating% of net assetsStateMarket Value
1Industrial & Commercial Bank Of China LXS23834217113.20%3/24/2072NR2.321800China$520,592.03
2Bank Of Communications Co LtdXS22385612813.80%11/18/2169NR1.758900China$394,380.86
3Southern Gas Corridor Cjsc84302LAA06.88%3/24/2026BB1.156300Azerbaijan$259,256.49
4Greenko Dutch Bv39530LAD23.85%3/29/2026BB+1.131500Netherlands$253,693.47
5Bank Of East Asia Ltd/TheXS20498048965.88%9/19/2167BB1.017700China$228,182.30
6Teva Pharmaceutical Finance Netherlands88167AAE13.15%10/1/2026BB-0.912700Israel$204,645.26
7Abja Investment Co Pte LtdXS10908899475.95%7/31/2024BB0.909600India$203,939.00
8Dp World SalaamXS21586972556.00%7/1/2169BB0.909500United Arab Emirates$203,933.00
9Dar Al-Arkan Sukuk Co LtdXS21249425956.88%2/26/2027B+0.889400Saudi Arabia$199,422.44
10Periama Holdings Llc/DeXS22240652895.95%4/19/2026BB0.870000India$195,068.67
11Adaro Indonesia Pt69368KAB24.25%10/31/2024BB+0.863300Indonesia$193,573.61
12Puma International Financing SaXS17511893485.00%1/24/2026B+0.830500Singapore$186,211.81
13Enn Clean Energy International Investme268733AA03.38%5/12/2026BB+0.825800China$185,153.03
14Renew Wind Energy Ap2 / Renew Power Pvt75973PAA74.50%7/14/2028BB-0.762200India$170,899.52
15Bangkok Bank Pcl/Hong Kong059895AT93.73%9/25/2034BBB-0.759500Thailand$170,293.20
16Egyptian Financial Co For Sovereign Tas282370AA310.88%2/28/2026B-0.750100Egypt$168,193.59
17Tullow Oil Plc899415AG810.25%5/15/2026B-0.745800United Kingdom$167,214.60
18Fortune Star Bvi LtdXS22385617945.95%10/19/2025BB0.709500China$159,086.67
19Rkpf Overseas 2020 A LtdXS23561734065.13%7/26/2026BB-0.683000China$153,131.22
20Wynn Macau Ltd98313RAH95.63%8/26/2028BB-0.680400United States$152,552.10
21Banco De Bogota Sa059514AC36.25%5/12/2026BB0.652300Colombia$146,263.54
22Ecopetrol Sa279158AN96.88%4/29/2030BB+0.612000Colombia$137,229.48
23Sasol Financing Usa Llc80386WAB16.50%9/27/2028BB0.606600South Africa$136,004.50
24Vedanta Resources Finance Ii Plc92243XAE18.95%3/11/2025B-0.599400United Kingdom$134,399.57
25Petroleos Del Peru Sa716564AB55.63%6/19/2047BBB-0.570400Peru$127,891.42
26First Quantum Minerals Ltd335934AR66.88%3/1/2026B0.552900Zambia$123,966.67
27Teva Pharmaceutical Finance Netherlands88167AAF84.10%10/1/2046BB-0.479000Israel$107,401.13
28Heritage Petroleum Co Ltd42727GAA69.00%8/12/2029BB-0.478000Trinidad And Tobago$107,175.00
29Oztel Holdings Spc Ltd692733AB46.63%4/24/2028BB-0.469000Oman$105,161.82
30Braskem Idesa Sapi10554NAB46.99%2/20/2032NR0.464400Mexico$104,115.57
31Ecopetrol Sa279158AS88.88%1/13/2033BB+0.459100Colombia$102,932.62
32Oil And Gas Holding Co Bscc/The67778M2C37.63%11/7/2024NR0.458300Bahrain$102,762.72
33Oil And Gas Holding Co Bscc/The67778M2A77.50%10/25/2027NR0.457900Bahrain$102,670.10
34Qnb Finansbank As31772DAD46.88%9/7/2024B0.452300Qatar$101,418.74
35First Quantum Minerals Ltd335934AL97.50%4/1/2025B0.450900Zambia$101,090.00
36Ecopetrol Sa279158AJ85.88%5/28/2045BB+0.448400Colombia$100,540.64
37Teva Pharmaceutical Finance Netherlands88167AAK76.75%3/1/2028BB-0.448300Israel$100,522.41
38Koc Holding As49989AAC36.50%3/11/2025B0.446300Turkey$100,071.78
39Acwa Power Management And Investments O005117AA45.95%12/15/2039BBB-0.446300United Arab Emirates$100,073.23
40Gems Menasa Cayman Ltd / Gems Education36166LAA57.13%7/31/2026B-0.443000United Arab Emirates$99,319.67
41Transnet Soc Ltd89378TAD58.25%2/6/2028BB-0.442300South Africa$99,178.42
42Eskom Holdings Soc Ltd29646AAB27.13%2/11/2025CCC0.441800South Africa$99,048.44
43Turkiye Sise Ve Cam Fabrikalari As90016AAB66.95%3/14/2026B0.440000Turkey$98,652.36
44Oryx Funding Ltd67114NAA95.80%2/3/2031BB-0.439900Cayman Islands$98,622.78
45Ecopetrol Sa279158AL35.38%6/26/2026BB+0.439300Colombia$98,505.21
46Ecopetrol Sa279158AK54.13%1/16/2025BB+0.437500Colombia$98,102.69
47Ocp Sa67091TAC94.50%10/22/2025BB+0.436400Morocco$97,857.50
48Network I2i Ltd64132NAA45.65%10/15/2168BB0.436300India$97,816.11
49Akbank Tas00971YAG56.80%2/6/2026B0.432700Turkey$97,012.06
50Medco Oak Tree Pte Ltd58405FAA37.38%5/14/2026B+0.432600Indonesia$96,999.18
51Turk Telekomunikasyon As90011QAC46.88%2/28/2025BB-0.431400Turkey$96,732.62
52Turkiye Sinai Kalkinma Bankasi As90015YAA76.00%1/23/2025B-0.430900Turkey$96,604.33
53First Quantum Minerals Ltd335934AT26.88%10/15/2027B0.429700Zambia$96,339.55
54Lamar Funding Ltd513063AA53.96%5/7/2025BB-0.429600Oman$96,329.83
55Cikarang Listrindo Tbk Pt536576AD34.95%9/14/2026BB0.429200Indonesia$96,241.32
56Mgm China Holdings Ltd55300RAB75.88%5/15/2026B+0.426800Macau$95,702.53
57Shriram Finance Ltd825547AE24.15%7/18/2025BB-0.426600India$95,644.62
58Yapi Ve Kredi Bankasi As984848AN17.88%1/22/2031CCC0.422700Turkey$94,772.52
59Oq Saoc67624L2A55.13%5/6/2028NR0.422100Oman$94,633.42
60Energuate Trust29277RAA35.88%5/3/2027BB0.421200United States$94,446.36
61Central American Bottling Corp / Cbc Bo15239XAA65.25%4/27/2029BB0.420800Guatemala$94,343.34
62Adani Green Energy Ltd00653XAA54.38%9/8/2024BB-0.420400India$94,250.66
63Turkiye Vakiflar Bankasi Tao90015WAK96.50%1/8/2026B0.419500Turkey$94,056.77
64Medco Bell Pte Ltd58406LAA96.38%1/30/2027B+0.418500Indonesia$93,840.96
65Eskom Holdings Soc Ltd29646AAC06.35%8/10/2028BB-0.417800South Africa$93,679.74
66Axian Telecom05466AAA17.38%2/16/2027NR0.416000Mauritius$93,273.96
67Ihs Netherlands Holdco Bv44963LAC08.00%9/18/2027B0.415000Mauritius$93,055.56
68Telefonica Celular Del Paraguay Sa87936VAB35.88%4/15/2027BB+0.412300Colombia$92,453.61
69Istanbul Metropolitan Municipality46522TAA66.38%12/9/2025B0.410600Turkey$92,072.43
70Arabian Centres Sukuk Ii Ltd03847QAA15.63%10/7/2026BB0.410200Cayman Islands$91,973.50
71Canpack Sa / Canpack Us Llc13805AAA53.13%11/1/2025BB0.403500Poland$90,471.00
72Cemex Sab De Cv151290CA95.13%9/8/2169B0.402200Mexico$90,187.00
73Bidvest Group Uk Plc/The88332EAA13.63%9/23/2026BB0.401400United Kingdom$89,994.34
74Network I2i Ltd64132NAC03.98%6/3/2169BB0.397700Mauritius$89,169.16
75New Metro Global LtdXS22908062854.50%5/2/2026BB0.397500Virgin Islands$89,125.00
76Kosmos Energy Ltd500688AC07.13%4/4/2026CCC+0.396500Ghana$88,895.37
77Georgian Railway Jsc37363BAB44.00%6/17/2028B+0.393100Georgia$88,138.89
78Mong Duong Finance Holdings Bv60935DAA35.13%5/7/2029BB-0.393000Vietnam$88,122.08
79Ca Magnum Holdings12674CAA15.38%10/31/2026B+0.391600Mauritius$87,801.96
80Banco General Sa059597AF15.25%11/7/2169BB-0.390600Panama$87,579.50
81Aydem Yenilenebilir Enerji As054644AA77.75%2/2/2027B0.390100Turkey$87,464.97
82Ihs Holding Ltd44963HAA35.63%11/29/2026B+0.389100United Kingdom$87,250.00
83Studio City Finance Ltd86389QAF96.50%1/15/2028B+0.387300China$86,845.39
84Consolidated Energy Finance Sa20914UAF35.63%10/15/2028B0.384600Luxembourg$86,228.91
85Banco Nacional De Comercio Exterior Snc05973JAA82.72%8/11/2031BBB-0.383600Mexico$86,001.44
86Petroleos Mexicanos71654QDD17.69%1/23/2050BB-0.381800Mexico$85,597.29
87Instituto Costarricense De Electricidad45777VAD96.38%5/15/2043B+0.380600Costa Rica$85,334.58
88Natura Cosmeticos Sa63883KAB14.13%5/3/2028BB0.378800Brazil$84,929.84
89Brf Sa10552TAG24.88%1/24/2030BB0.374000Brazil$83,855.04
90Telecomunicaciones Digitales Sa12686LAA74.50%1/30/2030BB+0.373400Colombia$83,729.04
91Access Bank Plc00434G2B56.13%9/21/2026B0.369200Nigeria$82,773.05
92Kenbourne Invest Sa48855KAA86.88%11/26/2024B+0.368300Chile$82,590.07
93Seaspan Corp81254UAK25.50%8/1/2029BB-0.365800China$82,026.00
94Termocandelaria Power Ltd880879AA97.88%1/30/2029BB-0.363400Colombia$81,479.52
95Uzbekneftegaz Jsc91825MAB94.75%11/16/2028BB-0.360800Uzbekistan$80,907.08
96Peru Lng Srl715604AA25.38%3/22/2030B-0.360600Peru$80,853.96
97Ct Trust12659BAA25.13%2/3/2032BB+0.360600Cayman Islands$80,852.68
98Star Energy Geothermal Wayang Windu Ltd85511XAC46.75%4/24/2033BB-0.356800Singapore$80,010.30
99Empresas Publicas De Medellin Esp29246BAE84.25%7/18/2029BBB-0.356000Colombia$79,828.86
100Banco Do Brasil Sa/Cayman05959LAF04.63%1/15/2025BB-0.355600Brazil$79,740.54
101Ypf Sa984245AQ36.95%7/21/2027CCC+0.345000Argentina$77,357.98
102Cemex Sab De Cv151290CB79.13%6/14/2073B+0.344800Mexico$77,319.44
103Nemak Sab De Cv64045DAC83.63%6/28/2031BB+0.344700Mexico$77,289.30
104Petroleos Mexicanos71643VAB16.70%2/16/2032BB+0.344400Mexico$77,229.36
105Ecopetrol Sa279158AP44.63%11/2/2031BB+0.343800Colombia$77,088.78
106Studio City Finance Ltd86389QAG75.00%1/15/2029B+0.341900China$76,659.26
107Sierracol Energy Andina Llc82653LAA96.00%6/15/2028B+0.338800United States$75,956.67
108Braskem Idesa Sapi10554NAA67.45%11/15/2029B+0.338000Brazil$75,774.30
109Grupo Aval Ltd40053FAC24.38%2/4/2030BB0.337100Colombia$75,583.88
110Country Garden Holdings Co LtdXS22409717423.13%10/22/2025BBB-0.334700China$75,047.88
111Poinsettia Finance Ltd73050QAA66.63%6/17/2031BB-0.329600Luxembourg$73,893.39
112Petroleos Del Peru Sa716564AA74.75%6/19/2032BBB-0.329400Peru$73,861.89
113Vedanta Resources Ltd92241TAM46.13%8/9/2024B-0.327700India$73,474.25
114Cemex Sab De Cv151290BV45.45%11/19/2029BB0.326800Mexico$73,264.71
115Pampa Energia Sa697660AA67.50%1/24/2027CCC-0.319500Argentina$71,646.46
116Mc Brazil Downstream Trading Sarl55292WAA87.25%6/30/2031BB-0.318800Luxembourg$71,477.20
117Melco Resorts Finance Ltd58547DAA74.88%6/6/2025BB0.318600China$71,432.66
118Shelf Drilling Holdings Ltd822538AE48.25%2/15/2025CCC-0.316900United Arab Emirates$71,055.50
119Wynn Macau Ltd98313RAG15.50%1/15/2026BB-0.316100United States$70,867.26
120Cemex Sab De Cv151290BX05.20%9/17/2030BB0.314900Mexico$70,612.33
121Teva Pharmaceutical Finance Netherlands88167AAP64.75%5/9/2027BB-0.311100Netherlands$69,760.34
122Teva Pharmaceutical Finance Co Llc88163VAD16.15%2/1/2036BB-0.308100Israel$69,090.06
123Grupo Aeromexico Sab De Cv40054JAA78.50%3/17/2027B-0.305100Mexico$68,410.42
124Teva Pharmaceutical Finance Netherlands88167AAQ45.13%5/9/2029BB-0.304400Netherlands$68,253.61
125Provincia De Cordoba74408DAD66.99%6/1/2027CC0.302800Argentina$67,896.66
126Coca-Cola Icecek As1912ERAA84.50%1/20/2029BBB-0.302700Turkey$67,872.38
127Ciudad Autonoma De Buenos Aires/Governm11942GAD47.50%6/1/2027CCC-0.297600Argentina$66,727.90
128Melco Resorts Finance Ltd58547DAE95.75%7/21/2028BB0.297000China$66,598.82
129Petroleos Mexicanos71654QCG56.50%3/13/2027BB-0.295800Mexico$66,322.45
130Playtika Holding Corp72815LAA54.25%3/15/2029B0.287900United States$64,553.41
131Cemex Sab De Cv151290BZ53.88%7/11/2031BB0.286100Mexico$64,159.40
132Ypf Sa984245AV22.50%6/30/2029CCC-0.285200Argentina$63,954.40
133Petroleos Mexicanos71654QCC46.75%9/21/2047BB-0.279200Mexico$62,604.34
134Ypf Sa984245AU49.00%2/12/2026CCC-0.279100Argentina$62,573.88
135Mercadolibre Inc58733RAF93.13%1/14/2031BB+0.277400Argentina$62,205.67
136Melco Resorts Finance Ltd58547DAD15.38%12/4/2029BB0.276500China$61,988.06
137Petrobras Global Finance Bv71647NAY56.00%1/27/2028BB-0.274100Brazil$61,462.73
138Anadolu Efes Biracilik Ve Malt Sanayii032523AB83.38%6/29/2028BBB-0.271800Turkey$60,932.34
139Jsw Steel Ltd46635UAD15.05%4/5/2032BB0.270500India$60,643.85
140Ocp Sa67091TAB16.88%4/25/2044BB+0.268200Morocco$60,146.24
141Stillwater Mining Co86074QAQ54.50%11/16/2029BB0.268200United States$60,135.23
142Petroleos Mexicanos71654QDE95.95%1/28/2031BB-0.248600Mexico$55,740.80
143Latam Airlines Group Sa51818LAB413.38%10/15/2029NR0.241800Chile$54,215.27
144Latam Airlines Group Sa51818LAA613.38%10/15/2027NR0.241000Chile$54,031.00
145Mhp Lux Sa59318YAA66.95%4/3/2026B0.236300Ukraine$52,985.56
146Fs Luxembourg Sarl30315XAB010.00%12/15/2025B+0.235800Brazil$52,876.89
147Teva Pharmaceutical Finance Netherlands88167AAN17.13%1/31/2025BB-0.233200Israel$52,279.51
148Alsea Sab De Cv021151AA37.75%12/14/2026B+0.231000Mexico$51,791.54
149Ypf Sa984245AR17.00%12/15/2047CCC+0.226500Argentina$50,789.58
150Silknet Jsc47972FAA98.38%1/31/2027NR0.225900Georgia$50,653.12
151Pegasus Hava Tasimaciligi As705567AA39.25%4/30/2026B0.225500Turkey$50,552.85
152Braskem Netherlands Finance Bv10554TAF28.50%1/23/2081BB0.224000Brazil$50,213.75
153Navios South American Logistics Inc / N63938NAF110.75%7/1/2025B-0.223900Greece$50,200.79
154Leviathan Bond LtdIL00116777426.13%6/30/2025BB-0.223600Israel$50,135.59
155Embraer Netherlands Finance Bv29082HAA05.05%6/15/2025BB0.222800Brazil$49,960.89
156Mtn Mauritius Investments Ltd55377XAB26.50%10/13/2026BB-0.222500South Africa$49,881.00
157Usiminas International Sarl91734JAA85.88%7/18/2026BB-0.221600Brazil$49,680.72
158Klabin Austria Gmbh49836AAA25.75%4/3/2029BB+0.221100Brazil$49,568.46
159Arcos Dorados Holdings Inc03965UAC45.88%4/4/2027BB0.220200Brazil$49,377.28
160Omgrid Funding Ltd68217JAA25.20%5/16/2027BB-0.220200Oman$49,361.90
161Banco Btg Pactual Sa/Cayman Islands05971AAE14.50%1/10/2025BB-0.220000Brazil$49,331.40
162Mtn Mauritius Investments Ltd55377XAA44.76%11/11/2024BB-0.219600South Africa$49,236.71
163Leviathan Bond LtdIL00116778256.50%6/30/2027BB-0.219600Israel$49,229.85
164Petrorio Luxembourg Trading Sarl71677WAA06.13%6/9/2026B+0.218700Luxembourg$49,027.59
165Banco Votorantim Sa05967CAF04.38%7/29/2025BB-0.218600Brazil$49,017.45
166Ecopetrol Sa279158AQ25.88%11/2/2051BB+0.218600Colombia$49,008.69
167Nbm Us Holdings Inc62877VAA97.00%5/14/2026BB-0.218500Brazil$48,994.38
168Delhi International Airport Ltd246725AB16.13%10/31/2026B-0.218400India$48,962.26
169Mgm China Holdings Ltd55300RAE15.25%6/18/2025B+0.218000United States$48,889.29
170Trinidad Generation Unltd89636DAA45.25%11/4/2027BB+0.217600Trinidad And Tobago$48,795.93
171Wynn Macau Ltd98313RAC04.88%10/1/2024BB-0.217500United States$48,768.65
172Woori Bank981058AF74.25%10/4/2168BB+0.217400South Korea$48,746.87
173Sasol Financing Usa Llc80386WAF28.75%5/3/2029BB0.217300United States$48,714.06
174Mersin Uluslararasi Liman Isletmeciligi590454AB05.38%11/15/2024BB-0.216900Singapore$48,630.93
175Centrais Eletricas Brasileiras Sa15236FAA83.63%2/4/2025BB-0.216700Brazil$48,578.77
176Banco Bradesco Sa/Cayman Islands05947KAZ33.20%1/27/2025BB-0.216200Brazil$48,467.78
177Grupo De Inversiones Suramericana Sa40052XAB65.50%4/29/2026BB+0.216000Colombia$48,442.05
178Banco Bilbao Vizcaya Argentaria Colombi05890JAA84.88%4/21/2025BBB-0.215600Spain$48,343.78
179Aes Andes Sa00105DAF27.13%3/26/2079BB0.215600United States$48,344.27
180Turkiye Petrol Rafinerileri As90015MAB14.50%10/18/2024B0.214700Turkey$48,144.25
181Studio City Co Ltd86400GAC37.00%2/15/2027B+0.214400Virgin Islands$48,064.95
182Nogaholding Sukuk Ltd65526QAA85.25%4/8/2029NR0.214000Cayman Islands$47,979.76
183Leviathan Bond LtdIL00116779086.75%6/30/2030BB-0.213500Israel$47,875.08
184Eskom Holdings Soc Ltd29646AAD88.45%8/10/2028CCC0.212300South Africa$47,610.32
185Rumo Luxembourg Sarl781467AC95.25%1/10/2028BB-0.211600Brazil$47,446.87
186Banistmo Sa06034LAB64.25%7/31/2027BBB-0.211500Panama$47,418.46
187National Gas Co Of Trinidad & Tobago LtUSP70809AB716.05%1/15/2036BB+0.211500Trinidad And Tobago$47,411.44
188Adecoagro Sa00676LAA46.00%9/21/2027BB0.211400Brazil$47,392.49
189Investment Energy Resources Ltd46143NAB66.25%4/26/2029BB-0.211000Bermuda$47,318.40
190Csn Inova Ventures12642KAB06.75%1/28/2028BB0.210700Brazil$47,236.07
191Petroleos Mexicanos71654QDF66.95%1/28/2060BB-0.210400Mexico$47,171.87
192Studio City Finance Ltd86389QAE26.00%7/15/2025B+0.210400China$47,166.08
193Amaggi Luxembourg International Sarl02265WAA35.25%1/28/2028BB-0.210200Brazil$47,128.12
194Petroleos Mexicanos71654QCB66.88%8/4/2026BB-0.209700Mexico$47,024.30
195Global Bank Corp37954JAC05.25%4/16/2029BBB-0.209400Panama$46,944.49
196Aes Andes Sa00105DAG06.35%10/7/2079BB0.209300United States$46,929.17
197Cydsa Sab De Cv232553AA56.25%10/4/2027BB0.208900Mexico$46,842.12
198Banco Do Brasil Sa/Cayman059578AF13.25%9/30/2026BB0.208400Cayman Islands$46,718.37
199Energean Israel Finance LtdIL00117366544.88%3/30/2026BB-0.208300Luxembourg$46,703.64
200Ultrapar International Sa90401CAC35.25%6/6/2029BB+0.207700Brazil$46,562.79
201Mercadolibre Inc58733RAE22.38%1/14/2026BB+0.206600Argentina$46,318.55
202Akbank Tas00971YAJ96.80%6/22/2031NR0.206500Turkey$46,306.08
203Banco Btg Pactual Sa/Cayman Islands05971AAG62.75%1/11/2026BB0.206100Brazil$46,200.09
204Cosan Sa22113AAB15.50%9/20/2029BB-0.206100Brazil$46,205.97
205Turkiye Ihracat Kredi Bankasi As90016LAA45.75%7/6/2026B0.205900Turkey$46,165.90
206Nexa Resources Sa91832CAA45.38%5/4/2027BB0.205500Brazil$46,077.61
207Transportadora De Gas Del Sur Sa893870AX36.75%5/2/2025CCC-0.204800Argentina$45,914.46
208Melco Resorts Finance Ltd58547DAC35.63%7/17/2027BB0.204100China$45,768.75
209Grupo Kuo Sab De Cv40052CAC05.75%7/7/2027BB-0.203900Mexico$45,722.92
210Xp Inc98379XAA23.25%7/1/2026BB0.203100Brazil$45,541.47
211Orazul Energy Peru Sa68559BAA55.63%4/28/2027BB0.202800Colombia$45,468.69
212Energean Israel Finance LtdIL00117367385.38%3/30/2028BB-0.202600Luxembourg$45,421.42
213Tc Ziraat Bankasi As90014TAG65.38%3/2/2026B0.202400Turkey$45,388.85
214Aes Espana Bv00109YAA35.70%5/4/2028BB-0.202100Spain$45,312.00
215Vtr Comunicaciones Spa918367AA15.13%1/15/2028B+0.201800Chile$45,248.04
216Telecom Argentina Sa879273AR18.00%7/18/2026CCC+0.201700Argentina$45,233.72
217Endeavour Mining Plc29261HAA35.00%10/14/2026BB-0.199600United Kingdom$44,743.06
218Wynn Macau Ltd98313RAD85.50%10/1/2027BB-0.199500United States$44,740.42
219Electricidad Firme De Mexico Holdings S28504MAA14.90%11/20/2026BB0.198400Mexico$44,483.44
220Sasol Financing Usa Llc80386WAC94.38%9/18/2026BB0.198300United States$44,457.18
221Energean Israel Finance LtdIL00117368115.88%3/30/2031BB-0.197700Luxembourg$44,336.20
222Ulker Biskuvi Sanayi As903742AA26.95%10/30/2025B+0.197400Turkey$44,258.40
223Jsw Steel Ltd46635UAC33.95%4/5/2027BB0.197400India$44,253.52
224Genneia Sa372319AB98.75%9/2/2027CCC-0.197300Argentina$44,244.97
225Turkcell Iletisim Hizmetleri As900111AB15.80%4/11/2028BB-0.197100Turkey$44,202.61
226Oleoducto Central Sa680617AC14.00%7/14/2027BB+0.196900Colombia$44,139.81
227Acu Petroleo Luxembourg Sarl00110RAA57.50%1/13/2032BB0.196900Luxembourg$44,157.00
228Sino-Ocean Land Treasure Iv LtdXS20348225644.75%8/5/2029BBB-0.196800China$44,133.50
229Cia De Minas Buenaventura Saa204448AA25.50%7/23/2026B+0.196100Peru$43,973.61
230Agrosuper Sa00857LAA54.60%1/20/2032BB+0.195100Chile$43,752.31
231B3 Sa - Brasil Bolsa Balcao11778EAA44.13%9/20/2031BB+0.193300Brazil$43,349.02
232Minsur Sa60447KAB64.50%10/28/2031BB+0.193300Peru$43,331.25
233Continuum Energy Levanter Pte Ltd21218MAB14.50%2/9/2027BB0.192800Singapore$43,221.76
234Uzauto Motors Aj46653NAA04.85%5/4/2026B+0.192700Uzbekistan$43,197.29
235Inretail Consumer45790TAB13.25%3/22/2028BB+0.192300Peru$43,124.43
236Limak Iskenderun Uluslararasi Liman Isl53263TAA59.50%7/10/2036B-0.192200Turkey$43,090.34
237Bancolombia Sa05968LAL64.63%12/18/2029BB-0.191400Colombia$42,914.34
238San Miguel Industrias Pet Sa / Ng Pet R79911QAA23.50%8/2/2028BB+0.191400Peru$42,920.89
239Petroleos Mexicanos706451BG56.63%6/15/2035BB-0.191100Mexico$42,846.67
240Petrobras Global Finance Bv71647NAN96.85%6/5/2115BB-0.191100Brazil$42,844.70
241Rede D'Or Finance Sarl75735GAA64.50%1/22/2030BB0.190800Brazil$42,791.25
242Wynn Macau Ltd98313RAE65.13%12/15/2029BB-0.189800United States$42,564.29
243Turkcell Iletisim Hizmetleri As900111AA35.75%10/15/2025B0.189400Turkey$42,473.50
244Canacol Energy Ltd134808AD65.75%11/24/2028BB-0.188900Colombia$42,344.07
245Geopark Ltd37255BAB55.50%1/17/2027B+0.188300Colombia$42,214.37
246Ecopetrol Sa279158AE97.38%9/18/2043BB+0.186400Colombia$41,795.97
247Globo Comunicacao E Participacoes Sa37959DAB04.88%1/22/2030BB0.184900Brazil$41,451.56
248Azul Investments Llp05502FAA65.88%10/26/2024CCC+0.184100Brazil$41,269.12
249Clean Renewable Power Mauritius Pte Ltd18452NAB04.25%3/25/2027BB0.181800Mauritius$40,763.46
250Seplat Energy Plc81733LAB37.75%4/1/2026B0.180500Nigeria$40,460.42
251Petroleos Mexicanos71654QDC36.84%1/23/2030BB-0.179900Mexico$40,347.85
252Sasol Financing Usa Llc80386WAD75.50%3/18/2031BB0.179400United States$40,223.83
253Canpack Sa / Canpack Us Llc13806CAA03.88%11/15/2029NR0.179100Poland$40,159.48
254Movida Europe Sa62459LAA75.25%2/8/2031BB-0.178800Luxembourg$40,079.00
255Minerva Luxembourg Sa603374AF64.38%3/18/2031BB0.178500Luxembourg$40,028.88
256Simpar Europe Sa82883PAA25.20%1/26/2031BB-0.177500Brazil$39,803.41
257Guara Norte Sarl400666AA15.20%6/15/2034BB+0.176800Brazil$39,632.65
258Csn Resources Sa12644VAD04.63%6/10/2031BB0.171600Luxembourg$38,476.17
259Cibanco Sa Institucion De Banca Multipl171653AA64.38%7/22/2031BB+0.170300Mexico$38,179.26
260Colombia Telecomunicaciones Sa Esp19533PAC44.95%7/17/2030BB0.170000Spain$38,107.26
261China Sce Group Holdings LtdXS22869660936.00%2/4/2026B0.169900China$38,100.00
262Marb Bondco Plc566007AC43.95%1/29/2031BB-0.168000Brazil$37,678.20
263Mv24 Capital Bv55388RAA46.75%6/1/2034BB0.167200Brazil$37,492.81
264Ocp Sa67091TAE55.13%6/23/2051BB+0.166900Morocco$37,425.11
265Provincia De Mendoza Argentina586805AJ22.75%3/19/2029CC0.160800Argentina$36,044.23
266Volcan Cia Minera Saa92863UAB24.38%2/11/2026B+0.160500Peru$35,988.13
267Vedanta Resources Finance Ii Plc92243XAA99.25%4/23/2026B-0.160200India$35,921.70
268Total Play Telecomunicaciones Sa De Cv89157FAA87.50%11/12/2025B0.159900Mexico$35,863.11
269Msu Energy Sa / Ugen Sa / Uensa Sa76706AAA26.88%2/1/2025CCC-0.159400Argentina$35,742.62
270Agile Group Holdings LtdXS20714134837.88%10/31/2168BB-0.157400China$35,299.15
271Generacion Mediterranea Sa / Central Te36875KAD39.88%12/1/2027NR0.156900Argentina$35,179.52
272Azure Power Energy Ltd05502VAA13.58%8/19/2026BB0.155900Mauritius$34,956.57
273Ypf Sa984245AT78.50%3/23/2025CCC+0.155200Argentina$34,808.79
274Kernel Holding Sa49229QAB06.50%10/17/2024B+0.154800Ukraine$34,701.39
275Ypf Sa984245AW07.00%9/30/2033CCC-0.150000Argentina$33,629.89
276Enfragen Energia Sur Sa / Enfragen Spai29280LAA15.38%12/30/2030BB-0.146500United States$32,850.17
277Ypf Sa984245AS98.50%6/27/2029CCC-0.146300Argentina$32,807.70
278Liquid Telecommunications Financing Plc536333AB35.50%9/4/2026B+0.137700United Kingdom$30,863.92
279Total Play Telecomunicaciones Sa De Cv89157FAC46.38%9/20/2028B0.133400Mexico$29,913.41
280Metinvest Bv591555AF47.75%10/17/2029B0.127000Ukraine$28,465.28
281Petrobras Global Finance Bv71647NAS87.38%1/17/2027BB-0.119100Brazil$26,709.20
282Teva Pharmaceutical Finance Netherlands88167AAS07.88%9/15/2029BB-0.117600Netherlands$26,357.53
283Embraer Netherlands Finance Bv29082HAC66.95%1/17/2028BB0.114000Brazil$25,555.91
284Petrobras Global Finance Bv71647NAV15.30%1/27/2025BB-0.113100Brazil$25,359.13
285Mhp Lux Sa59318YAB46.25%9/19/2029B0.112300Ukraine$25,177.08
286Brazil Minas Spe Via State Of Minas Ger105860AA85.33%2/15/2028BB-0.111800Brazil$25,059.17
287Petrobras Global Finance Bv71647NAZ25.75%2/1/2029BB-0.111500Brazil$24,990.62
288Petrobras Global Finance Bv71647NAK57.25%3/17/2044BB-0.111400Brazil$24,968.63
289Petrobras Global Finance Bv71645WAQ46.88%1/20/2040BB-0.110100Brazil$24,690.30
290Anglogold Ashanti Holdings Plc03512TAB76.50%4/15/2040BB+0.109700Tanzania$24,598.07
291Petrobras Global Finance Bv71647NBH15.60%1/3/2031BB-0.109300Brazil$24,506.73
292Petrobras Global Finance Bv71645WAS06.75%1/27/2041BB-0.109200Brazil$24,484.38
293Embraer Netherlands Finance Bv29082HAB85.40%2/1/2027BB0.109000Brazil$24,436.68
294Digicel Group Holdings Ltd25381YAB78.00%4/1/2025CC0.108600Bermuda$24,352.22
295Itau Unibanco Holding Sa/Cayman Island46556LAM64.50%11/21/2029B+0.108500Brazil$24,337.50
296Arcos Dorados Bv03965TAB96.13%5/27/2029NR0.108400Uruguay$24,301.51
297Petroleos Mexicanos71654QDH26.88%10/16/2025BB+0.108200Mexico$24,249.75
298Petroleos Mexicanos71654QDN910.00%2/7/2033BB0.104500Mexico$23,441.54
299Petrobras Global Finance Bv71647NBD06.90%3/19/2049BB-0.103800Brazil$23,276.75
300Melco Resorts Finance Ltd58547DAB55.25%4/26/2026BB0.103100China$23,117.11
301Petroleos Mexicanos71654QDB56.49%1/23/2027BB-0.099900Mexico$22,407.40
302Petrobras Global Finance Bv71647NBG36.75%6/3/2050BB-0.099600Brazil$22,324.72
303Ypf Sa984245AL48.50%7/28/2025CCC-0.099600Argentina$22,338.03
304Petroleos Mexicanos71654QDL38.75%6/2/2029NR0.099500Mexico$22,300.83
305Inversiones Latin America Power Ltda46137NAC25.13%6/15/2033BB0.098300Chile$22,044.75
306Petrobras Global Finance Bv71647NAQ28.75%5/23/2026BB-0.096900Brazil$21,726.15
307Light Servicos De Eletricidade Sa/Light53227QAB44.38%6/18/2026BB-0.093400Brazil$20,933.04
308Petroleos Mexicanos71654QCK65.35%2/12/2028BB-0.092200Mexico$20,667.39
309Digicel International Finance Ltd/Digic25381XAB913.00%12/31/2025CCC0.091200Bermuda$20,453.35
310Petrobras Global Finance Bv71647NBJ75.50%6/10/2051BB-0.090000Netherlands$20,175.48
311Easy Tactic LtdXS24953580097.50%7/11/2027NR0.088100China$19,753.11
312Itau Unibanco Holding Sa/Cayman Island465562AA44.63%8/27/2168B0.087600Brazil$19,645.28
313Powerlong Real Estate Holdings LtdXS22500300905.95%4/30/2025B0.082400China$18,473.06
314Npc Ukrenergo63718LAA26.88%11/9/2028CC0.078800Ukraine$17,664.80
315Provincia De Neuquen Argentina64131GAA07.50%4/27/2030CC0.078600Argentina$17,628.47
316Vf Ukraine Pat Via Vfu Funding Plc918212AA96.20%2/11/2025B0.072900Ukraine$16,336.94
317Petroleos Mexicanos71654QAZ56.50%6/2/2041BB-0.069500Mexico$15,585.68
318Petroleos Mexicanos71654QBR26.38%1/23/2045BB-0.068200Mexico$15,296.49
319Petroleos Mexicanos71654QCL46.35%2/12/2048BB-0.067800Mexico$15,211.32
320Unigel Luxembourg Sa904752AB88.75%10/1/2026BB-0.067100Brazil$15,052.08
321Times China Holdings LtdXS21988514826.75%7/8/2025B+0.056200China$12,608.81
322State Agency Of Roads Of Ukraine857329AA46.25%6/24/2030B0.039200Ukraine$8,800.00
323Other/Cash0.00%NA2.015300$451,869.98