Form NPORT-P GOLDMAN SACHS TRUST For: Sep 30

November 27, 2020 1:11 PM

  
    NPORT-P
    false
    
      
      
        
          0000822977
          XXXXXXXX
        
      
      
      
      
        S000009301
        C000025382
        C000025381
        C000161284
        C000202032
        C000090759
        C000037783
      
      
      
    
  
  
    
      GOLDMAN SACHS TRUST
      811-05349
      0000822977
      S2FHCT8U6D2VORP0J605
      71  SOUTH WACKER DRIVE
      C/O GOLDMAN SACHS & CO
      CHICAGO
      
      60606
      312-655-4400
      Goldman Sachs Emerging Markets Debt Fund
      S000009301
      XC6LIVZDLLKYZ7FKO621
      2021-03-31
      2020-09-30
      N
    
    
      1271208597.69
      15535049.38
      1255673548.31
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      1917166.20000000
      0.00000000
      0.00000000
      84345279.89000000
      
        
          ZAR
          
          
        
        
          TRY
          
          
        
        
          MYR
          
          
        
        
          CHF
          
          
        
        
          NOK
          
          
        
        
          MXN
          
          
        
        
          ARS
          
          
        
        
          AUD
          
          
        
        
          CLP
          
          
        
        
          COP
          
          
        
        
          TWD
          
          
        
        
          HKD
          
          
        
        
          EUR
          
          
        
        
          EGP
          
          
        
        
          HUF
          
          
        
        
          IDR
          
          
        
        
          NZD
          
          
        
        
          DOP
          
          
        
        
          USD
          
          
        
        
          PLN
          
          
        
        
          CZK
          
          
        
        
          KRW
          
          
        
        
          AED
          
          
        
        
          UAH
          
          
        
        
          SGD
          
          
        
        
          BRL
          
          
        
        
          GBP
          
          
        
        
          CAD
          
          
        
        
          JPY
          
          
        
        
          RUB
          
          
        
        
          INR
          
          
        
        
          ILS
          
          
        
        
          CNY
          
          
        
        
          SEK
          
          
        
      
      
      
      N
      
        
          
          
          
          
          
          
        
        
          
            
            
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
    
    
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CNH / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        10810.06000000
        0.000860897325
        N/A
        DFE
        
        CN
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1266930.39000000
            USD
            8714960.77000000
            CNY
            2020-12-16
            10810.06000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF CHILE
        549300FLZTJM5YJF8D34
        Chile Government International Bond
        168863DL9
        
          
        
        390000.00000000
        PA
        USD
        444721.88000000
        0.035416998359
        Long
        DBT
        NUSS
        CL
        N
        
        2
        
          2050-01-25
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Sri Lanka
        254900HXCCIOHM74FA02
        Sri Lanka Government International Bond
        85227SAY2
        
          
        
        7190000.00000000
        PA
        USD
        5271168.75000000
        0.419788149323
        Long
        DBT
        NUSS
        LK
        N
        
        2
        
          2024-03-14
          Fixed
          6.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED TWD / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -5086.83000000
        -0.00040510768
        N/A
        DFE
        
        TW
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            2573952.46000000
            USD
            74103061.74000000
            TWD
            2020-10-26
            -5086.83000000
          
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Financial Square Government Fund
        549300BRJMXN4GUWZ402
        Goldman Sachs Financial Square Government Fund
        38141W273
        
          
        
        19606679.63000000
        NS
        USD
        19606679.63000000
        1.561447213440
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        REPUBLIC OF GABON
        N/A
        Gabon Government International Bond
        362420AD3
        
          
        
        2760000.00000000
        PA
        USD
        2458987.50000000
        0.195830158508
        Long
        DBT
        NUSS
        GA
        N
        
        2
        
          2031-02-06
          Fixed
          6.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD CAD
        000000000
        
          
        
        1.00000000
        NC
        
        -9637.54000000
        -0.00076751955
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            2372794.97000000
            CAD
            1772991.83000000
            USD
            2020-12-16
            -9637.54000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Kenya
        549300VVURQQYU45PR87
        Kenya Government International Bond
        491798AG9
        
          
        
        750000.00000000
        PA
        USD
        737109.38000000
        0.058702310086
        Long
        DBT
        NUSS
        KE
        N
        
        2
        
          2028-02-28
          Fixed
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lebanese Republic
        529900QPC4K9S1KHL354
        Lebanon Government International Bond
        000000000
        
          
        
        710000.00000000
        PA
        USD
        106500.00000000
        0.008481503822
        Long
        DBT
        NUSS
        LB
        N
        
        2
        
          2027-03-23
          None
          0.00000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Long: SS005809  CDS USD R F  1.00000 2 CCPCORPORATE / Short: SS005809  CDS USD P V 03MEVENT 1 CCPCORPORATE
        000000000
        
          
        
        29500000.00000000
        OU
        Notional Amount
        USD
        21644.15000000
        0.001723708365
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Intercontinental Exchange, Inc.
              5493000F4ZO33MV32P92
            
            
              
                Colombia Government International Bond
                Colombia Government International Bond
                
                  
                  
                
              
            
            Y
            
            sell protection
            2023-12-20
            0.00000000
            USD
            -298895.23000000
            USD
            29500000.00000000
            USD
            320539.38000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ANGOLA
        549300QHR2R3J8JSGK83
        Angolan Government International Bond
        000000000
        
          
        
        2230000.00000000
        PA
        USD
        1731734.38000000
        0.137912786514
        Long
        DBT
        NUSS
        AO
        N
        
        2
        
          2049-11-26
          Fixed
          9.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CNH / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        13687.34000000
        0.001090039685
        N/A
        DFE
        
        CN
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1314933.84000000
            USD
            9061998.05000000
            CNY
            2020-12-16
            13687.34000000
          
        
        
          N
          N
          N
        
      
      
        HUNGARY
        5299008DH62LEB10JK83
        Hungary Government International Bond
        000000000
        
          
        
        3250000.00000000
        PA
        
        4000984.86000000
        0.318632566990
        Long
        DBT
        NUSS
        HU
        N
        
        2
        
          2035-06-05
          Fixed
          1.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KAISA GROUP HOLDINGS LTD
        254900N8L3L7NRJT0120
        Kaisa Group Holdings Ltd
        000000000
        
          
        
        240000.00000000
        PA
        USD
        234840.00000000
        0.018702313217
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2025-04-16
          Fixed
          11.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KINGDOM OF BAHRAIN
        549300RODM1WN85LFQ95
        Bahrain Government International Bond
        000000000
        
          
        
        1380000.00000000
        PA
        USD
        1514118.75000000
        0.120582196864
        Long
        DBT
        NUSS
        BH
        N
        
        2
        
          2030-05-14
          Fixed
          7.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of South Africa
        378900AAFB4F17004C49
        Republic of South Africa Government International Bond
        836205AW4
        
          
        
        3660000.00000000
        PA
        USD
        3611962.50000000
        0.287651396723
        Long
        DBT
        NUSS
        ZA
        N
        
        2
        
          2027-09-27
          Fixed
          4.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD RUB
        000000000
        
          
        
        1.00000000
        NC
        
        22965.46000000
        0.001828935556
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            100992609.77000000
            RUB
            1317282.31000000
            USD
            2020-11-17
            22965.46000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ARMENIA
        5299000H77JSW90G7935
        Republic of Armenia International Bond
        042207AC4
        
          
        
        2100000.00000000
        PA
        USD
        2030437.50000000
        0.161701064956
        Long
        DBT
        NUSS
        AM
        N
        
        2
        
          2029-09-26
          Fixed
          3.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Corp Lindley SA
        549300XI785GPWS6HA82
        Corp Lindley SA
        000000000
        
          
        
        2670000.00000000
        PA
        USD
        2758443.75000000
        0.219678415119
        Long
        DBT
        CORP
        PE
        N
        
        2
        
          2021-11-23
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Kingdom of Bahrain
        549300RODM1WN85LFQ95
        Bahrain Government International Bond
        000000000
        
          
        
        560000.00000000
        PA
        USD
        611275.00000000
        0.048681044593
        Long
        DBT
        NUSS
        BH
        N
        
        2
        
          2028-10-12
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED AUD / SOLD CAD
        000000000
        
          
        
        1.00000000
        NC
        N/A
        -10475.30000000
        -0.00083423753
        N/A
        DFE
        
        AU
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1724697.47000000
            CAD
            1794037.00000000
            AUD
            2020-12-16
            -10475.30000000
          
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005390  CDS USD R F  1.00000 / Short: CS005390  CDS USD P V 03MEVENT
        000000000
        
          
        
        1850000.00000000
        OU
        Notional Amount
        USD
        3608.43000000
        0.000287370073
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                Chile Government International Bond
                Chile Government International Bond
                
                  
                  
                
              
            
            Y
            
            sell protection
            2020-12-20
            0.00000000
            USD
            -1054.05000000
            USD
            1850000.00000000
            USD
            4662.48000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        
        48546.50000000
        0.003866172068
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            2454406.83000000
            EUR
            2928593.32000000
            USD
            2020-11-09
            48546.50000000
          
        
        
          N
          N
          N
        
      
      
        STATE OF ISRAEL
        213800T8ZHTFZIBYPE21
        Israel Government International Bond
        46513JB42
        
          
        
        3770000.00000000
        PA
        USD
        4521643.75000000
        0.360097077467
        Long
        DBT
        NUSS
        IL
        N
        
        2
        
          2050-07-03
          Fixed
          3.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PROSUS NV
        635400Z5LQ5F9OLVT688
        Prosus NV
        000000000
        
          
        
        480000.00000000
        PA
        USD
        516192.00000000
        0.041108773908
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2030-01-21
          Fixed
          3.68000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Long: SS005905  CDS USD R F  1.00000 2 CCPCORPORATE / Short: SS005905  CDS USD P V 03MEVENT 1 CCPCORPORATE
        000000000
        
          
        
        13450000.00000000
        OU
        Notional Amount
        USD
        348829.79000000
        0.027780292932
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Intercontinental Exchange, Inc.
              5493000F4ZO33MV32P92
            
            
              
                Qatar Government International Bond
                Qatar Government International Bond
                
                  
                
              
            
            Y
            
            sell protection
            2024-12-20
            0.00000000
            USD
            -180306.95000000
            USD
            13450000.00000000
            USD
            529136.74000000
          
        
        
          N
          N
          N
        
      
      
        MEXICO CITY ARPT TRUST
        N/A
        Mexico City Airport Trust
        000000000
        
          
        
        10548000.00000000
        PA
        USD
        8573097.96000000
        0.682748949481
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2047-07-31
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD KRW
        000000000
        
          
        
        1.00000000
        NC
        
        -8230.17000000
        -0.00065543866
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1443312028.00000000
            KRW
            1229585.48000000
            USD
            2020-11-02
            -8230.17000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ECUADOR
        5299003Y2U5XK0A35H71
        Ecuador Government International Bond
        000000000
        
          
        
        4773040.00000000
        PA
        USD
        3233734.60000000
        0.257529881421
        Long
        DBT
        NUSS
        EC
        N
        
        2
        
          2030-07-31
          Variable
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD BRL
        000000000
        
          
        
        1.00000000
        NC
        
        15006.84000000
        0.001195122730
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            7919334.20000000
            BRL
            1425069.37000000
            USD
            2020-10-02
            15006.84000000
          
        
        
          N
          N
          N
        
      
      
        DOMINICAN REPUBLIC BON
        254900EHU7Q8FGVPI369
        Dominican Republic Bond
        000000000
        
          
        
        152600000.00000000
        PA
        
        2760898.20000000
        0.219873883917
        Long
        DBT
        NUSS
        DO
        N
        
        2
        
          2028-08-11
          Fixed
          10.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FIN DEPT GOVT SHARJAH
        254900ZNL8O3F1CLJO24
        Finance Department Government of Sharjah
        38381CAB8
        
          
        
        6310000.00000000
        PA
        USD
        6436200.00000000
        0.512569529609
        Long
        DBT
        NUSS
        AE
        N
        
        2
        
          2050-07-28
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SAUDI INTERNATIONAL BOND
        635400FMICXSM3SI3H65
        Saudi Government International Bond
        80413TAR0
        
          
        
        1770000.00000000
        PA
        USD
        1916025.00000000
        0.152589421237
        Long
        DBT
        NUSS
        SA
        N
        
        2
        
          2055-01-21
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Arab Republic of Egypt
        529900GFIVH4086NMH82
        Egypt Government International Bond
        03846JW55
        
          
        
        200000.00000000
        PA
        USD
        184125.00000000
        0.014663444989
        Long
        DBT
        NUSS
        EG
        N
        
        2
        
          2048-02-21
          Fixed
          7.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lebanese Republic
        529900QPC4K9S1KHL354
        Lebanon Government International Bond
        000000000
        
          
        
        7704000.00000000
        PA
        USD
        1136340.00000000
        0.090496451209
        Long
        DBT
        NUSS
        LB
        N
        
        2
        
          2029-05-25
          None
          0.00000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED MXN / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        13997.33000000
        0.001114726834
        N/A
        DFE
        
        MX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            757615.96000000
            USD
            17213792.23000000
            MXN
            2020-12-16
            13997.33000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD ILS
        000000000
        
          
        
        1.00000000
        NC
        
        -13846.49000000
        -0.00110271415
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            4374784.09000000
            ILS
            1264735.72000000
            USD
            2020-12-16
            -13846.49000000
          
        
        
          N
          N
          N
        
      
      
        EMPRESA DE TRANSPORTE ME
        959800T4M5QUPYMSCH69
        Empresa de Transporte de Pasajeros Metro SA
        29246QAD7
        
          
        
        830000.00000000
        PA
        USD
        916112.50000000
        0.072957856063
        Long
        DBT
        CORP
        CL
        N
        
        2
        
          2030-05-07
          Fixed
          3.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Metinvest BV
        635400TMCKVEU87EJ582
        Metinvest BV
        591555AD9
        
          
        
        301000.00000000
        PA
        USD
        306080.88000000
        0.024375832429
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2023-04-23
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HUARONG FINANCE 2017 CO
        5493006V07LYI3HE6G83
        Huarong Finance 2017 Co Ltd
        000000000
        
          
        
        3770000.00000000
        PA
        USD
        4118725.00000000
        0.328009219079
        Long
        DBT
        CORP
        VG
        
        N
        
        2
        
          2027-04-27
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        IHS NETHERLANDS HOLDCO
        5493006Z6YQYCCN2XI74
        IHS Netherlands Holdco BV
        44963LAC0
        
          
        
        400000.00000000
        PA
        USD
        409812.48000000
        0.032636864936
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2027-09-18
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MINISTRY OF FINANCE OF T
        N/A
        Republic of Belarus Ministry of Finance
        07737JAE3
        
          
        
        1400000.00000000
        PA
        USD
        1299900.00000000
        0.103522129756
        Long
        DBT
        NUSS
        BY
        N
        
        2
        
          2026-02-24
          Fixed
          5.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD CNH
        000000000
        
          
        
        1.00000000
        NC
        
        -6551.02000000
        -0.00052171362
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            8654463.93000000
            CNY
            1262319.71000000
            USD
            2020-12-16
            -6551.02000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD CLP
        000000000
        
          
        
        1.00000000
        NC
        
        2106.48000000
        0.000167756978
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1007493593.00000000
            CLP
            1286019.75000000
            USD
            2020-11-16
            2106.48000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF SRI LANKA
        254900HXCCIOHM74FA02
        Sri Lanka Government International Bond
        85227SBA3
        
          
        
        910000.00000000
        PA
        USD
        656621.88000000
        0.052292403617
        Long
        DBT
        NUSS
        LK
        N
        
        2
        
          2024-06-28
          Fixed
          6.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SAUDI INTERNATIONAL BOND
        635400FMICXSM3SI3H65
        Saudi Government International Bond
        80413TAQ2
        
          
        
        1770000.00000000
        PA
        USD
        1838587.50000000
        0.146422412296
        Long
        DBT
        NUSS
        SA
        N
        
        2
        
          2032-02-03
          Fixed
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Guatemala
        529900QKDFFU9UWW5315
        Guatemala Government Bond
        401494AR0
        
          
        
        6120000.00000000
        PA
        USD
        7317225.00000000
        0.582733068626
        Long
        DBT
        NUSS
        GT
        N
        
        2
        
          2050-06-01
          Fixed
          6.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005445  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005445  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        3290000.00000000
        OU
        Notional Amount
        USD
        -6647.77000000
        -0.00052941865
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2020-12-20
            1831.93000000
            USD
            0.00000000
            USD
            3290000.00000000
            USD
            -8479.70000000
          
        
        
          N
          N
          N
        
      
      
        SAUDI INTERNATIONAL BOND
        635400FMICXSM3SI3H65
        Saudi Government International Bond
        000000000
        
          
        
        920000.00000000
        PA
        USD
        1106300.00000000
        0.088104109662
        Long
        DBT
        NUSS
        SA
        N
        
        2
        
          2046-10-26
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Banco de Bogota SA
        549300LYHE7LWSKDZT53
        Banco de Bogota SA
        059514AC3
        
          
        
        6870000.00000000
        PA
        USD
        7445362.50000000
        0.592937751218
        Long
        DBT
        CORP
        CO
        N
        
        2
        
          2026-05-12
          Fixed
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD AUD
        000000000
        
          
        
        1.00000000
        NC
        
        -18098.77000000
        -0.00144135950
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1753511.91000000
            AUD
            1238121.44000000
            USD
            2020-12-16
            -18098.77000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD IDR
        000000000
        
          
        
        1.00000000
        NC
        
        10638.19000000
        0.000847209851
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            13464951676.00000000
            IDR
            913745.36000000
            USD
            2020-11-05
            10638.19000000
          
        
        
          N
          N
          N
        
      
      
        TC Ziraat Bankasi AS
        213800K5KTZFSUS8MR51
        TC Ziraat Bankasi AS
        90014TAC5
        
          
        
        770000.00000000
        PA
        USD
        717784.38000000
        0.057163295425
        Long
        DBT
        CORP
        TR
        N
        
        2
        
          2023-09-29
          Fixed
          5.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD RUB
        000000000
        
          
        
        1.00000000
        NC
        
        20646.55000000
        0.001644260964
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            99825050.00000000
            RUB
            1300000.00000000
            USD
            2020-11-17
            20646.55000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED SEK / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        N/A
        -11635.51000000
        -0.00092663495
        N/A
        DFE
        
        SE
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1095575.91000000
            EUR
            11408768.78000000
            SEK
            2020-12-16
            -11635.51000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED EUR / SOLD SEK
        000000000
        
          
        
        1.00000000
        NC
        N/A
        13950.14000000
        0.001110968692
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            11503598.33000000
            SEK
            1106570.62000000
            EUR
            2020-12-16
            13950.14000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CAD / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -12470.02000000
        -0.00099309410
        N/A
        DFE
        
        CA
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1270480.49000000
            USD
            1674493.29000000
            CAD
            2020-12-16
            -12470.02000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Sri Lanka
        254900HXCCIOHM74FA02
        Sri Lanka Government International Bond
        85227SAQ9
        
          
        
        6010000.00000000
        PA
        USD
        4244562.50000000
        0.338030733044
        Long
        DBT
        NUSS
        LK
        N
        
        2
        
          2025-11-03
          Fixed
          6.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED EUR / SOLD GBP
        000000000
        
          
        
        1.00000000
        NC
        N/A
        -8144.43000000
        -0.00064861046
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            977320.06000000
            GBP
            1067292.85000000
            EUR
            2020-12-16
            -8144.43000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD INR
        000000000
        
          
        
        1.00000000
        NC
        
        -63330.24000000
        -0.00504352744
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            195585793.91000000
            INR
            2588164.69000000
            USD
            2020-10-28
            -63330.24000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        
        48244.20000000
        0.003842097340
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            3192967.62000000
            EUR
            3798555.44000000
            USD
            2020-12-16
            48244.20000000
          
        
        
          N
          N
          N
        
      
      
        MONGOLIA INTL BOND
        N/A
        Mongolia Government International Bond
        000000000
        
          
        
        3490000.00000000
        PA
        USD
        3578340.63000000
        0.284973800301
        Long
        DBT
        NUSS
        MN
        N
        
        2
        
          2023-05-01
          Fixed
          5.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Eskom Holdings SOC Ltd
        3789001900ED06F65111
        Eskom Holdings SOC Ltd
        000000000
        
          
        
        520000.00000000
        PA
        USD
        479050.00000000
        0.038150839495
        Long
        DBT
        CORP
        ZA
        N
        
        2
        
          2023-08-06
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ICE Clear Europe Limited
        5R6J7JCQRIPQR1EEP713
        Long: SS005885  CDS USD R F  1.00000 2 CCPCORPORATE / Short: SS005885  CDS USD P V 03MEVENT 1 CCPCORPORATE
        000000000
        
          
        
        2020000.00000000
        OU
        Notional Amount
        USD
        40874.50000000
        0.003255185239
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              ICE Clear Europe Limited
              5R6J7JCQRIPQR1EEP713
            
            
              
                Chile Government International Bond
                Chile Government International Bond
                
                  
                  
                
              
            
            Y
            
            sell protection
            2024-06-20
            46001.73000000
            USD
            0.00000000
            USD
            2020000.00000000
            USD
            -5127.23000000
          
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005631  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005631  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        2550000.00000000
        OU
        Notional Amount
        USD
        -37971.03000000
        -0.00302395714
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2022-06-20
            0.00000000
            USD
            -13231.28000000
            USD
            2550000.00000000
            USD
            -24739.75000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD INR
        000000000
        
          
        
        1.00000000
        NC
        
        -53007.63000000
        -0.00422144991
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            200296952.21000000
            INR
            2662354.98000000
            USD
            2020-10-28
            -53007.63000000
          
        
        
          N
          N
          N
        
      
      
        Bank of America, National Association
        B4TYDEB6GKMZO031MB27
        Long: CS005456  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005456  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        5040000.00000000
        OU
        Notional Amount
        USD
        -10183.82000000
        -0.00081102449
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Bank of America, National Association
              B4TYDEB6GKMZO031MB27
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2020-12-20
            740.62000000
            USD
            0.00000000
            USD
            5040000.00000000
            USD
            -10924.44000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CHF / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -14617.11000000
        -0.00116408520
        N/A
        DFE
        
        CH
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1243060.10000000
            USD
            1128748.29000000
            CHF
            2020-12-16
            -14617.11000000
          
        
        
          N
          N
          N
        
      
      
        Arab Republic of Egypt
        529900GFIVH4086NMH82
        Egypt Government International Bond
        000000000
        
          
        
        2260000.00000000
        PA
        
        2399667.61000000
        0.191106009458
        Long
        DBT
        NUSS
        EG
        N
        
        2
        
          2030-04-16
          Fixed
          5.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD RUB
        000000000
        
          
        
        1.00000000
        NC
        
        -30946.13000000
        -0.00246450441
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            180311690.53000000
            RUB
            2279920.57000000
            USD
            2020-11-17
            -30946.13000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD TWD
        000000000
        
          
        
        1.00000000
        NC
        
        -5957.33000000
        -0.00047443302
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            37920330.57000000
            TWD
            1311214.75000000
            USD
            2020-11-09
            -5957.33000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD CHF
        000000000
        
          
        
        1.00000000
        NC
        
        57783.44000000
        0.004601788424
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            3559371.69000000
            CHF
            3931530.35000000
            USD
            2020-12-16
            57783.44000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        
        -5785.15000000
        -0.00046072086
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1087948.99000000
            EUR
            1272069.13000000
            USD
            2020-12-16
            -5785.15000000
          
        
        
          N
          N
          N
        
      
      
        Chicago Mercantile Exchange
        SNZ2OJLFK8MNNCLQOF39
        Long: SR213778  IRS BRL R F  6.26000 1 CCPNDFPREDISWAP / Short: SR213778  IRS BRL P V 00MBRCDI 2 CCPNDFPREDISWAP
        000000000
        
          
        
        32565000.00000000
        OU
        Notional Amount
        
        93569.68000000
        0.007451752099
        N/A
        DIR
        
        US
        N
        
        2
        
          
            
              Chicago Mercantile Exchange
              SNZ2OJLFK8MNNCLQOF39
            
            
              
                N/A
                N/A
                
                  
                
              
            
            Y
            
            
              
                
              
            
            2025-01-02
            224192.95000000
            BRL
            0.00000000
            BRL
            32565000.00000000
            BRL
            221442.73000000
          
        
        
          N
          N
          N
        
      
      
        PETROBRAS GLOBAL FINANCE
        549300FNENFFSMO3GT38
        Petrobras Global Finance BV
        71647NAN9
        
          
        
        1820000.00000000
        PA
        USD
        1938300.00000000
        0.154363369572
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2115-06-05
          Fixed
          6.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED ILS / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        1805.20000000
        0.000143763480
        N/A
        DFE
        
        IL
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1311389.79000000
            USD
            4493214.84000000
            ILS
            2020-12-16
            1805.20000000
          
        
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Long: SS005898  CDS USD R F  1.00000 2 CCPCORPORATE / Short: SS005898  CDS USD P V 03MEVENT 1 CCPCORPORATE
        000000000
        
          
        
        26630000.00000000
        OU
        Notional Amount
        USD
        -64492.53000000
        -0.00513609051
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Intercontinental Exchange, Inc.
              5493000F4ZO33MV32P92
            
            
              
                Russian Foreign Bond - Eurobond
                Russian Foreign Bond - Eurobond
                
                  
                
              
            
            Y
            
            sell protection
            2024-12-20
            0.00000000
            USD
            -627730.45000000
            USD
            26630000.00000000
            USD
            563237.92000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Belize
        529900096070LUHXVI62
        Belize Government International Bond
        07782GAG8
        
          
        
        2567295.94000000
        PA
        USD
        1116773.73000000
        0.088938222159
        Long
        DBT
        NUSS
        BZ
        N
        
        2
        
          2034-02-20
          Variable
          4.94000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD JPY
        000000000
        
          
        
        1.00000000
        NC
        
        -2336.05000000
        -0.00018603959
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            125109619.00000000
            JPY
            1185232.81000000
            USD
            2020-12-16
            -2336.05000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ARGENTINA
        549300KPBYGYF7HCHO27
        Argentine Republic Government International Bond
        040114HV5
        
          
        
        1434455.00000000
        PA
        USD
        566609.73000000
        0.045123967990
        Long
        DBT
        NUSS
        AR
        N
        
        2
        
          2041-07-09
          Variable
          0.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD CZK
        000000000
        
          
        
        1.00000000
        NC
        
        -2222.38000000
        -0.00017698708
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            29731122.76000000
            CZK
            1287139.60000000
            USD
            2020-12-16
            -2222.38000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED ZAR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        26948.48000000
        0.002146137428
        N/A
        DFE
        
        ZA
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1355057.27000000
            USD
            23366946.33000000
            ZAR
            2020-12-17
            26948.48000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF INDONESIA
        529900FWX0GRR7WG5W79
        Indonesia Government International Bond
        455780CS3
        
          
        
        2380000.00000000
        PA
        USD
        2698325.00000000
        0.214890646030
        Long
        DBT
        NUSS
        ID
        N
        
        2
        
          2030-10-15
          Fixed
          3.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Paraguay
        529900UXKJTJPCU0HK83
        Paraguay Government International Bond
        699149AH3
        
          
        
        3050000.00000000
        PA
        USD
        3692406.25000000
        0.294057819006
        Long
        DBT
        NUSS
        PY
        N
        
        2
        
          2050-03-30
          Fixed
          5.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GNL Quintero SA
        549300JJJIQXE6E1QY27
        GNL Quintero SA
        000000000
        
          
        
        1060000.00000000
        PA
        USD
        1134783.00000000
        0.090372454013
        Long
        DBT
        CORP
        CL
        N
        
        2
        
          2029-07-31
          Fixed
          4.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Long: SS006003  CDS USD R F  1.00000 2 CCPCORPORATE / Short: SS006003  CDS USD P V 03MEVENT 1 CCPCORPORATE
        000000000
        
          
        
        9550000.00000000
        OU
        Notional Amount
        USD
        -76334.10000000
        -0.00607913578
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Intercontinental Exchange, Inc.
              5493000F4ZO33MV32P92
            
            
              
                Indonesia Government International Bond
                Indonesia Government International Bond
                
                  
                
              
            
            Y
            
            sell protection
            2025-12-20
            0.00000000
            USD
            -83069.43000000
            USD
            9550000.00000000
            USD
            6735.33000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD AUD
        000000000
        
          
        
        1.00000000
        NC
        
        8962.80000000
        0.000713784248
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1785928.99000000
            AUD
            1288406.68000000
            USD
            2020-12-16
            8962.80000000
          
        
        
          N
          N
          N
        
      
      
        PETROLEOS DE VENEZUELA S
        549300YWR8TN1OFD4P06
        Petroleos de Venezuela SA
        000000000
        
          
        
        138210000.00000000
        PA
        USD
        3593460.00000000
        0.286177884756
        Long
        DBT
        CORP
        VE
        N
        
        2
        
          2022-10-28
          Fixed
          6.00000000
          Y
          Y
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF SERBIA
        254900W94OCY91V32O78
        Serbia International Bond
        000000000
        
          
        
        4400000.00000000
        PA
        
        4984670.22000000
        0.396971826531
        Long
        DBT
        NUSS
        RS
        N
        
        2
        
          2029-06-26
          Fixed
          1.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MONGOLIA INTL BOND
        N/A
        Mongolia Government International Bond
        60937LAC9
        
          
        
        1940000.00000000
        PA
        USD
        1949700.00000000
        0.155271248854
        Long
        DBT
        NUSS
        MN
        N
        
        2
        
          2026-04-07
          Fixed
          5.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase Bank, National Association
        7H6GLXDRUGQFU57RNE97
        Long: CS005491  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005491  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        1930000.00000000
        OU
        Notional Amount
        USD
        -12647.68000000
        -0.00100724268
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              JPMorgan Chase Bank, National Association
              7H6GLXDRUGQFU57RNE97
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            2829.50000000
            USD
            0.00000000
            USD
            1930000.00000000
            USD
            -15477.18000000
          
        
        
          N
          N
          N
        
      
      
        Yapi ve Kredi Bankasi AS
        B85ZYWEZ5IZCZ2WNIO12
        Yapi ve Kredi Bankasi AS
        984848AM3
        
          
        
        4610000.00000000
        PA
        USD
        4679150.00000000
        0.372640644242
        Long
        DBT
        CORP
        TR
        N
        
        2
        
          2024-10-15
          Fixed
          8.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED JPY / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -1269.20000000
        -0.00010107722
        N/A
        DFE
        
        JP
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            2372403.80000000
            USD
            249797513.00000000
            JPY
            2020-12-16
            -1269.20000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Azerbaijan
        549300P74FF45UQVU281
        Republic of Azerbaijan International Bond
        000000000
        
          
        
        3534000.00000000
        PA
        USD
        3701865.00000000
        0.294811099985
        Long
        DBT
        NUSS
        AZ
        N
        
        2
        
          2024-03-18
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TC Ziraat Bankasi AS
        213800K5KTZFSUS8MR51
        TC Ziraat Bankasi AS
        000000000
        
          
        
        500000.00000000
        PA
        USD
        485625.00000000
        0.038674462853
        Long
        DBT
        CORP
        TR
        N
        
        2
        
          2022-05-03
          Fixed
          5.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED RUB / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        7678.88000000
        0.000611534742
        N/A
        DFE
        
        RU
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1008244.21000000
            USD
            79270176.28000000
            RUB
            2020-11-17
            7678.88000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED EUR / SOLD SEK
        000000000
        
          
        
        1.00000000
        NC
        N/A
        11018.46000000
        0.000877493996
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            11125019.34000000
            SEK
            1068048.68000000
            EUR
            2020-12-16
            11018.46000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Ghana
        213800PP4399SNNXZ126
        Ghana Government International Bond
        000000000
        
          
        
        2109000.00000000
        PA
        USD
        1772219.06000000
        0.141136927060
        Long
        DBT
        NUSS
        GH
        N
        
        2
        
          2049-06-16
          Fixed
          8.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CHF / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        N/A
        -1312.63000000
        -0.00010453592
        N/A
        DFE
        
        CH
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1065265.59000000
            EUR
            1148462.83000000
            CHF
            2020-12-16
            -1312.63000000
          
        
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Long: SS005943  CDS USD R F  1.00000 2 CCPCORPORATE / Short: SS005943  CDS USD P V 03MEVENT 1 CCPCORPORATE
        000000000
        
          
        
        2270000.00000000
        OU
        Notional Amount
        USD
        54475.23000000
        0.004338327431
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Intercontinental Exchange, Inc.
              5493000F4ZO33MV32P92
            
            
              
                Philippine Government International Bond
                Philippine Government International Bond
                
                  
                  
                
              
            
            Y
            
            sell protection
            2024-12-20
            0.00000000
            USD
            -17865.34000000
            USD
            2270000.00000000
            USD
            72340.57000000
          
        
        
          N
          N
          N
        
      
      
        CEMEX SAB DE CV
        549300RIG2CXWN6IV731
        Cemex SAB de CV
        151290BX0
        
          
        
        1820000.00000000
        PA
        USD
        1826643.00000000
        0.145471169832
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2030-09-17
          Fixed
          5.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED SEK / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -100581.49000000
        -0.00801016236
        N/A
        DFE
        
        SE
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            6004949.14000000
            USD
            52825267.33000000
            SEK
            2020-12-16
            -100581.49000000
          
        
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Long: SS005868  CDS USD R F  1.00000 2 CCPCORPORATE / Short: SS005868  CDS USD P V 03MEVENT 1 CCPCORPORATE
        000000000
        
          
        
        17110000.00000000
        OU
        Notional Amount
        USD
        213570.44000000
        0.017008436650
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Intercontinental Exchange, Inc.
              5493000F4ZO33MV32P92
            
            
              
                Saudi Government International Bond
                Saudi Government International Bond
                
                  
                
              
            
            Y
            
            sell protection
            2024-06-20
            62512.73000000
            USD
            0.00000000
            USD
            17110000.00000000
            USD
            151057.71000000
          
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase Bank, National Association
        7H6GLXDRUGQFU57RNE97
        Long: CS005503  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005503  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        3950000.00000000
        OU
        Notional Amount
        USD
        -25885.14000000
        -0.00206145459
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              JPMorgan Chase Bank, National Association
              7H6GLXDRUGQFU57RNE97
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            2420.77000000
            USD
            0.00000000
            USD
            3950000.00000000
            USD
            -28305.91000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF GHANA
        213800PP4399SNNXZ126
        Ghana Government International Bond
        37443GAG6
        
          
        
        2370000.00000000
        PA
        USD
        2135962.50000000
        0.170104921209
        Long
        DBT
        NUSS
        GH
        N
        
        2
        
          2027-02-11
          Fixed
          6.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PANAMA NOTAS DEL TESORO
        549300SHS4T08CL0LP14
        Panama Notas del Tesoro
        000000000
        
          
        
        920000.00000000
        PA
        USD
        932420.00000000
        0.074256561449
        Long
        DBT
        NUSS
        PA
        N
        
        2
        
          2021-02-05
          Fixed
          4.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005472  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005472  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        3070000.00000000
        OU
        Notional Amount
        USD
        -20118.32000000
        -0.00160219350
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            4131.97000000
            USD
            0.00000000
            USD
            3070000.00000000
            USD
            -24250.29000000
          
        
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Long: SS005952  CDS USD R F  1.00000 2 CCPCORPORATE / Short: SS005952  CDS USD P V 03MEVENT 1 CCPCORPORATE
        000000000
        
          
        
        630000.00000000
        OU
        Notional Amount
        USD
        -4811.31000000
        -0.00038316567
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Intercontinental Exchange, Inc.
              5493000F4ZO33MV32P92
            
            
              
                Russian Foreign Bond - Eurobond
                Russian Foreign Bond - Eurobond
                
                  
                
              
            
            Y
            
            sell protection
            2025-06-20
            0.00000000
            USD
            -2742.98000000
            USD
            630000.00000000
            USD
            -2068.33000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Kenya
        549300VVURQQYU45PR87
        Kenya Government International Bond
        491798AK0
        
          
        
        6380000.00000000
        PA
        USD
        6298256.25000000
        0.501583891647
        Long
        DBT
        NUSS
        KE
        N
        
        2
        
          2032-05-22
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CNH / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -1079.43000000
        -0.00008596422
        N/A
        DFE
        
        CN
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1300000.00000000
            USD
            8859422.00000000
            CNY
            2020-12-16
            -1079.43000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD ZAR
        000000000
        
          
        
        1.00000000
        NC
        
        15439.40000000
        0.001229571174
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            17688967.23000000
            ZAR
            1061628.92000000
            USD
            2020-12-17
            15439.40000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED KRW / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -4355.32000000
        -0.00034685129
        N/A
        DFE
        
        KR
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1288164.23000000
            USD
            1496940871.00000000
            KRW
            2020-11-02
            -4355.32000000
          
        
        
          N
          N
          N
        
      
      
        KINGDOM OF BAHRAIN
        549300RODM1WN85LFQ95
        Bahrain Government International Bond
        05675M2D5
        
          
        
        5140000.00000000
        PA
        USD
        4908700.00000000
        0.390921669617
        Long
        DBT
        NUSS
        BH
        N
        
        2
        
          2032-09-16
          Fixed
          5.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD CLP
        000000000
        
          
        
        1.00000000
        NC
        
        -2756.17000000
        -0.00021949733
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            991943310.00000000
            CLP
            1261340.39000000
            USD
            2020-11-16
            -2756.17000000
          
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005395  CDS USD R F  1.00000 2 CORPORATE / Short: CS005395  CDS USD P V 03MEVENT 1 CORPORATE
        000000000
        
          
        
        8140000.00000000
        OU
        Notional Amount
        USD
        15877.07000000
        0.001264426571
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                Chile Government International Bond
                Chile Government International Bond
                
                  
                  
                
              
            
            Y
            
            sell protection
            2020-12-20
            0.00000000
            USD
            -4858.68000000
            USD
            8140000.00000000
            USD
            20735.75000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED RUB / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -38688.78000000
        -0.00308111770
        N/A
        DFE
        
        RU
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1311389.79000000
            USD
            99305975.39000000
            RUB
            2020-11-17
            -38688.78000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CNH / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        1025.56000000
        0.000081674094
        N/A
        DFE
        
        CN
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1286622.59000000
            USD
            8782537.26000000
            CNY
            2020-12-16
            1025.56000000
          
        
        
          N
          N
          N
        
      
      
        LCH Limited
        F226TOH6YD6XJB17KS62
        Long: BR214852  IRS EUR R V 06MLIBOR CCPVANILLA / Short: BR214852  IRS EUR P F   .00000 CCPVANILLA
        000000000
        
          
        
        16960000.00000000
        OU
        Notional Amount
        
        16458.61000000
        0.001310739564
        N/A
        DIR
        
        ER
        N
        
        2
        
          
            
              LCH Limited
              F226TOH6YD6XJB17KS62
            
            
              
                N/A
                N/A
                
                  
                
              
            
            Y
            
              
                
              
            
            
            2023-12-16
            21191.49000000
            EUR
            0.00000000
            EUR
            16960000.00000000
            EUR
            -8575.97000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED EUR / SOLD NOK
        000000000
        
          
        
        1.00000000
        NC
        N/A
        -25263.89000000
        -0.00201197915
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            12105695.62000000
            NOK
            1083706.54000000
            EUR
            2020-12-16
            -25263.89000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        
        10561.91000000
        0.000841135023
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1071566.11000000
            EUR
            1269173.62000000
            USD
            2020-12-16
            10561.91000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED ILS / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -550.31000000
        -0.00004382588
        N/A
        DFE
        
        IL
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1307585.46000000
            USD
            4472138.41000000
            ILS
            2020-12-16
            -550.31000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED SEK / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        N/A
        -17699.63000000
        -0.00140957257
        N/A
        DFE
        
        SE
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1115537.44000000
            EUR
            11564280.23000000
            SEK
            2020-12-16
            -17699.63000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD GBP
        000000000
        
          
        
        1.00000000
        NC
        
        -7450.27000000
        -0.00059332857
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            711095.60000000
            GBP
            910586.36000000
            USD
            2020-12-16
            -7450.27000000
          
        
        
          N
          N
          N
        
      
      
        Chicago Board of Trade
        549300EX04Q2QBFQTQ27
        US 5YR NOTE (CBT) DEC20 XCBT 20201231
        000000000
        
          
        
        1377.00000000
        NC
        USD
        167922.54000000
        0.013373104834
        N/A
        DIR
        
        US
        N
        
        1
        
          
            
              Chicago Board of Trade
              549300EX04Q2QBFQTQ27
            
            Long
            
              
                5 Year US Treasury Note
                FVZ0 Comdty
              
            
            2020-12-31
            173334077.46000000
            USD
            167922.54000000
          
        
        
          N
          N
          N
        
      
      
        MTN MAURITIUS INVSTMENTS
        2549009PQD415OQIR074
        MTN Mauritius Investments Ltd
        55377XAB2
        
          
        
        550000.00000000
        PA
        USD
        609468.75000000
        0.048537197492
        Long
        DBT
        CORP
        MU
        
        N
        
        2
        
          2026-10-13
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Deutsche Bank Aktiengesellschaft
        7LTWFZYICNSX8D621K86
        CS005850  CDS USD R F  5.00000 2 CORPORATE
        000000000
        
          
        
        3820000.00000000
        OU
        Notional Amount
        USD
        -82091.80000000
        -0.00653767056
        N/A
        DCR
        
        DE
        N
        
        2
        
          
            
              Deutsche Bank Aktiengesellschaft
              7LTWFZYICNSX8D621K86
            
            
              
                Ukraine Government International Bond
                Ukraine Government International Bond
                
                  
                
              
            
            Y
            
            sell protection
            2023-12-20
            0.00000000
            USD
            -216185.93000000
            USD
            3820000.00000000
            USD
            134094.13000000
          
        
        
          N
          N
          N
        
      
      
        ABU DHABI GOVT INT'L
        213800FER4348CINTA77
        Abu Dhabi Government International Bond
        29135LAJ9
        
          
        
        3200000.00000000
        PA
        USD
        3898000.00000000
        0.310431003762
        Long
        DBT
        NUSS
        AE
        N
        
        2
        
          2050-04-16
          Fixed
          3.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANCO LATINOAMERICANO SA
        549300CN3134K4LC0651
        Banco Latinoamericano de Comercio Exterior SA
        05968CAC6
        
          
        
        2830000.00000000
        PA
        USD
        2866903.20000000
        0.228315966666
        Long
        DBT
        NUSS
        PA
        N
        
        2
        
          2025-09-14
          Fixed
          2.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase Bank, National Association
        7H6GLXDRUGQFU57RNE97
        Long: CS005446  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005446  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        1870000.00000000
        OU
        Notional Amount
        USD
        -3778.52000000
        -0.00030091579
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              JPMorgan Chase Bank, National Association
              7H6GLXDRUGQFU57RNE97
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2020-12-20
            1039.27000000
            USD
            0.00000000
            USD
            1870000.00000000
            USD
            -4817.79000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD JPY
        000000000
        
          
        
        1.00000000
        NC
        
        -6550.10000000
        -0.00052164035
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            134534355.00000000
            JPY
            1270480.49000000
            USD
            2020-12-16
            -6550.10000000
          
        
        
          N
          N
          N
        
      
      
        Chicago Mercantile Exchange
        SNZ2OJLFK8MNNCLQOF39
        Long: SR214911  IRS MXN R F  4.50000 2 CCPVANILLA / Short: SR214911  IRS MXN P V 01MTIIE 1 CCPVANILLA
        000000000
        
          
        
        615340000.00000000
        OU
        Notional Amount
        
        -16405.17000000
        -0.00130648368
        N/A
        DIR
        
        US
        N
        
        2
        
          
            
              Chicago Mercantile Exchange
              SNZ2OJLFK8MNNCLQOF39
            
            
              
                N/A
                N/A
                
                  
                
              
            
            Y
            
            
              
                
              
            
            2022-12-14
            274387.80000000
            MXN
            0.00000000
            MXN
            615340000.00000000
            MXN
            -29180.48000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CAD / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -12846.09000000
        -0.00102304376
        N/A
        DFE
        
        CA
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1264280.59000000
            USD
            1665740.25000000
            CAD
            2020-12-16
            -12846.09000000
          
        
        
          N
          N
          N
        
      
      
        THIRD PKSTAN INTL SUKUK
        529900OMZDJ2H3CXKF72
        Third Pakistan International Sukuk Co Ltd/The
        000000000
        
          
        
        2130000.00000000
        PA
        USD
        2122012.50000000
        0.168993963666
        Long
        DBT
        CORP
        PK
        N
        
        2
        
          2021-10-13
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD TRY
        000000000
        
          
        
        1.00000000
        NC
        
        36568.53000000
        0.002912264103
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            14453191.29000000
            TRY
            1901385.44000000
            USD
            2020-10-16
            36568.53000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED PLN / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -38722.88000000
        -0.00308383337
        N/A
        DFE
        
        PL
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1230027.36000000
            USD
            4603826.35000000
            PLN
            2020-12-16
            -38722.88000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD NZD
        000000000
        
          
        
        1.00000000
        NC
        
        23674.45000000
        0.001885398480
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1428650.24000000
            NZD
            968732.01000000
            USD
            2020-12-16
            23674.45000000
          
        
        
          N
          N
          N
        
      
      
        Deutsche Bank Aktiengesellschaft
        7LTWFZYICNSX8D621K86
        Long: CS005484  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005484  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        5090000.00000000
        OU
        Notional Amount
        USD
        -33355.79000000
        -0.00265640620
        N/A
        DCR
        
        DE
        N
        
        2
        
          
            
              Deutsche Bank Aktiengesellschaft
              7LTWFZYICNSX8D621K86
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            8534.70000000
            USD
            0.00000000
            USD
            5090000.00000000
            USD
            -41890.49000000
          
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005428  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005428  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        1700000.00000000
        OU
        Notional Amount
        USD
        -3435.02000000
        -0.00027355995
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2020-12-20
            908.53000000
            USD
            0.00000000
            USD
            1700000.00000000
            USD
            -4343.55000000
          
        
        
          N
          N
          N
        
      
      
        United Mexican States
        254900EGTWEU67VP6075
        Mexico Government International Bond
        91087BAF7
        
          
        
        820000.00000000
        PA
        USD
        919168.75000000
        0.073201251331
        Long
        DBT
        NUSS
        MX
        N
        
        2
        
          2029-04-22
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005430  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005430  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        1940000.00000000
        OU
        Notional Amount
        USD
        -3919.96000000
        -0.00031217986
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2020-12-20
            1036.98000000
            USD
            0.00000000
            USD
            1940000.00000000
            USD
            -4956.94000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CHF / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -6715.11000000
        -0.00053478151
        N/A
        DFE
        
        CH
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1237825.78000000
            USD
            1131199.47000000
            CHF
            2020-12-16
            -6715.11000000
          
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase Bank, National Association
        7H6GLXDRUGQFU57RNE97
        Long: CS005512  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005512  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        980000.00000000
        OU
        Notional Amount
        USD
        -6422.14000000
        -0.00051144981
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              JPMorgan Chase Bank, National Association
              7H6GLXDRUGQFU57RNE97
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            731.26000000
            USD
            0.00000000
            USD
            980000.00000000
            USD
            -7153.40000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED GBP / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        3061.74000000
        0.000243832483
        N/A
        DFE
        
        GB
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1340421.76000000
            USD
            1040639.53000000
            GBP
            2020-12-16
            3061.74000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD CNH
        000000000
        
          
        
        1.00000000
        NC
        
        -8250.33000000
        -0.00065704418
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            8982795.73000000
            CNY
            1308758.63000000
            USD
            2020-12-16
            -8250.33000000
          
        
        
          N
          N
          N
        
      
      
        DOMINICAN REPUBLIC
        254900EHU7Q8FGVPI369
        Dominican Republic International Bond
        000000000
        
          
        
        1760000.00000000
        PA
        USD
        1661000.00000000
        0.132279604220
        Long
        DBT
        NUSS
        DO
        N
        
        2
        
          2060-01-30
          Fixed
          5.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NORTH MACEDONIA
        635400RD1N6RVNCE4958
        North Macedonia Government International Bond
        000000000
        
          
        
        2710000.00000000
        PA
        
        3260744.04000000
        0.259680873614
        Long
        DBT
        NUSS
        MK
        N
        
        2
        
          2025-01-18
          Fixed
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD TRY
        000000000
        
          
        
        1.00000000
        NC
        
        23990.97000000
        0.001910605669
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            9801151.78000000
            TRY
            1285818.53000000
            USD
            2020-10-23
            23990.97000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CAD / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -13443.81000000
        -0.00107064531
        N/A
        DFE
        
        CA
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1244436.00000000
            USD
            1638530.21000000
            CAD
            2020-12-16
            -13443.81000000
          
        
        
          N
          N
          N
        
      
      
        ITAU UNIBANCO HLDG SA/KY
        5493002W2IVG62O3ZJ94
        Itau Unibanco Holding SA/Cayman Island
        465562AA4
        
          
        
        3360000.00000000
        PA
        USD
        2926560.00000000
        0.233066946734
        Long
        DBT
        CORP
        BR
        N
        
        2
        
          2025-02-27
          Fixed
          4.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Deutsche Bank Aktiengesellschaft
        7LTWFZYICNSX8D621K86
        Long: CS005450  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005450  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        5280000.00000000
        OU
        Notional Amount
        USD
        -10668.77000000
        -0.00084964519
        N/A
        DCR
        
        DE
        N
        
        2
        
          
            
              Deutsche Bank Aktiengesellschaft
              7LTWFZYICNSX8D621K86
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2020-12-20
            2125.49000000
            USD
            0.00000000
            USD
            5280000.00000000
            USD
            -12794.26000000
          
        
        
          N
          N
          N
        
      
      
        MTN MAURITIUS INVSTMENTS
        2549009PQD415OQIR074
        MTN Mauritius Investments Ltd
        000000000
        
          
        
        1790000.00000000
        PA
        USD
        1829715.63000000
        0.145715869579
        Long
        DBT
        CORP
        MU
        
        N
        
        2
        
          2024-11-11
          Fixed
          4.76000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Senegal
        549300NP14ZLQGWIUZ97
        Senegal Government International Bond
        000000000
        
          
        
        4580000.00000000
        PA
        
        5181876.27000000
        0.412677027159
        Long
        DBT
        NUSS
        SN
        N
        
        2
        
          2028-03-13
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Kaisa Group Holdings Ltd
        254900N8L3L7NRJT0120
        Kaisa Group Holdings Ltd
        000000000
        
          
        
        200000.00000000
        PA
        USD
        195687.50000000
        0.015584265533
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2022-06-30
          Fixed
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED COP / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -47057.93000000
        -0.00374762453
        N/A
        DFE
        
        CO
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1311392.11000000
            USD
            4839889290.77000000
            COP
            2020-10-05
            -47057.93000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD CAD
        000000000
        
          
        
        1.00000000
        NC
        
        32461.52000000
        0.002585187849
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            3532442.61000000
            CAD
            2686309.00000000
            USD
            2020-12-16
            32461.52000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Sri Lanka
        254900HXCCIOHM74FA02
        Sri Lanka Government International Bond
        85227SAV8
        
          
        
        2980000.00000000
        PA
        USD
        2207062.50000000
        0.175767220944
        Long
        DBT
        NUSS
        LK
        N
        
        2
        
          2023-04-18
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase Bank, National Association
        7H6GLXDRUGQFU57RNE97
        Long: CS005444  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005444  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        4860000.00000000
        OU
        Notional Amount
        USD
        -9820.12000000
        -0.00078205995
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              JPMorgan Chase Bank, National Association
              7H6GLXDRUGQFU57RNE97
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2020-12-20
            3003.11000000
            USD
            0.00000000
            USD
            4860000.00000000
            USD
            -12823.23000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CHF / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -9906.27000000
        -0.00078892081
        N/A
        DFE
        
        CH
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1244393.39000000
            USD
            1134301.91000000
            CHF
            2020-12-16
            -9906.27000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED TWD / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        11929.35000000
        0.000950035940
        N/A
        DFE
        
        TW
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1268229.59000000
            USD
            36854751.89000000
            TWD
            2020-11-09
            11929.35000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED ILS / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        7674.68000000
        0.000611200260
        N/A
        DFE
        
        IL
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1283460.91000000
            USD
            4417736.63000000
            ILS
            2020-12-16
            7674.68000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CHF / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -11435.52000000
        -0.00091070804
        N/A
        DFE
        
        CH
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1300000.00000000
            USD
            1183990.60000000
            CHF
            2020-12-16
            -11435.52000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD NOK
        000000000
        
          
        
        1.00000000
        NC
        
        -7542.93000000
        -0.00060070788
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            12049374.64000000
            NOK
            1284552.76000000
            USD
            2020-12-16
            -7542.93000000
          
        
        
          N
          N
          N
        
      
      
        Barclays Capital Securities Limited
        K9WDOH4D2PYBSLSOB484
        Long: CS005490  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005490  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        1210000.00000000
        OU
        Notional Amount
        USD
        -7929.37000000
        -0.00063148339
        N/A
        DCR
        
        GB
        N
        
        2
        
          
            
              Barclays Capital Securities Limited
              K9WDOH4D2PYBSLSOB484
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            1629.78000000
            USD
            0.00000000
            USD
            1210000.00000000
            USD
            -9559.15000000
          
        
        
          N
          N
          N
        
      
      
        PERUSAHAAN PENERBIT SBSN
        254900G208H6Q0L5B953
        Perusahaan Penerbit SBSN Indonesia III
        71567PAQ3
        
          
        
        4050000.00000000
        PA
        USD
        4310718.75000000
        0.343299319779
        Long
        DBT
        NUSS
        ID
        N
        
        2
        
          2050-06-23
          Fixed
          3.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LCH Limited
        F226TOH6YD6XJB17KS62
        Long: SR214840  IRS EUR R F   .00000 CCPVANILLA / Short: SR214840  IRS EUR P V 06MLIBOR CCPVANILLA
        000000000
        
          
        
        45170000.00000000
        OU
        Notional Amount
        
        -15146.44000000
        -0.00120624027
        N/A
        DIR
        
        ER
        N
        
        2
        
          
            
              LCH Limited
              F226TOH6YD6XJB17KS62
            
            
              
                N/A
                N/A
                
                  
                
              
            
            Y
            
            
              
                
              
            
            2022-12-16
            0.00000000
            EUR
            -51244.16000000
            EUR
            45170000.00000000
            EUR
            85854.04000000
          
        
        
          N
          N
          N
        
      
      
        Petroleos Mexicanos
        549300CAZKPF4HKMPX17
        Petroleos Mexicanos
        71654QCC4
        
          
        
        365000.00000000
        PA
        USD
        281323.75000000
        0.022404210901
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2047-09-21
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NBK TIER 1 FINANCING 2
        549300HMWSJFNREWT164
        NBK Tier 1 Financing 2 Ltd
        62878WAA6
        
          
        
        2480000.00000000
        PA
        USD
        2445900.00000000
        0.194787889200
        Long
        DBT
        CORP
        AE
        
        N
        
        2
        
          2025-11-27
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Deutsche Bank Aktiengesellschaft
        7LTWFZYICNSX8D621K86
        Long: CS005515  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005515  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        3540000.00000000
        OU
        Notional Amount
        USD
        -23198.33000000
        -0.00184748098
        N/A
        DCR
        
        DE
        N
        
        2
        
          
            
              Deutsche Bank Aktiengesellschaft
              7LTWFZYICNSX8D621K86
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            1927.53000000
            USD
            0.00000000
            USD
            3540000.00000000
            USD
            -25125.86000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD CLP
        000000000
        
          
        
        1.00000000
        NC
        
        5572.18000000
        0.000443760243
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1002438834.00000000
            CLP
            1283499.57000000
            USD
            2020-12-17
            5572.18000000
          
        
        
          N
          N
          N
        
      
      
        EMPRESA DE LOS FERROCARR
        N/A
        Empresa de los Ferrocarriles del Estado
        292487AA3
        
          
        
        600000.00000000
        PA
        USD
        585000.00000000
        0.046588542124
        Long
        DBT
        CORP
        CL
        N
        
        2
        
          2050-08-18
          Fixed
          3.07000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF PARAGUAY
        529900UXKJTJPCU0HK83
        Paraguay Government International Bond
        699149AJ9
        
          
        
        2760000.00000000
        PA
        USD
        3187800.00000000
        0.253871717238
        Long
        DBT
        NUSS
        PY
        N
        
        2
        
          2031-04-28
          Fixed
          4.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED GBP / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        N/A
        18271.62000000
        0.001455125022
        N/A
        DFE
        
        GB
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1065666.16000000
            EUR
            983684.46000000
            GBP
            2020-12-16
            18271.62000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED INR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        32320.73000000
        0.002573975540
        N/A
        DFE
        
        IN
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1305899.12000000
            USD
            98712914.48000000
            INR
            2020-10-28
            32320.73000000
          
        
        
          N
          N
          N
        
      
      
        Barclays Capital Securities Limited
        K9WDOH4D2PYBSLSOB484
        Long: CS005470  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005470  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        1370000.00000000
        OU
        Notional Amount
        USD
        -8977.88000000
        -0.00071498519
        N/A
        DCR
        
        GB
        N
        
        2
        
          
            
              Barclays Capital Securities Limited
              K9WDOH4D2PYBSLSOB484
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            1799.75000000
            USD
            0.00000000
            USD
            1370000.00000000
            USD
            -10777.63000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED ZAR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        5584.00000000
        0.000444701571
        N/A
        DFE
        
        ZA
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1155975.08000000
            USD
            19639635.14000000
            ZAR
            2020-12-17
            5584.00000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Paraguay
        529900UXKJTJPCU0HK83
        Paraguay Government International Bond
        699149AF7
        
          
        
        4590000.00000000
        PA
        USD
        5650003.13000000
        0.449957963803
        Long
        DBT
        NUSS
        PY
        N
        
        2
        
          2048-03-13
          Fixed
          5.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Long: SS005923  CDS USD R F  1.00000 2 CCPCORPORATE / Short: SS005923  CDS USD P V 03MEVENT 1 CCPCORPORATE
        000000000
        
          
        
        21780000.00000000
        OU
        Notional Amount
        USD
        -1044194.18000000
        -0.08315809323
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Intercontinental Exchange, Inc.
              5493000F4ZO33MV32P92
            
            
              
                Brazilian Government International Bond
                Brazilian Government International Bond
                
                  
                  
                
              
            
            Y
            
            sell protection
            2024-12-20
            0.00000000
            USD
            -165742.89000000
            USD
            21780000.00000000
            USD
            -878451.29000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD CLP
        000000000
        
          
        
        1.00000000
        NC
        
        -50.35000000
        -0.00000400980
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            270390676.00000000
            CLP
            344525.72000000
            USD
            2020-11-16
            -50.35000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED MXN / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -175348.04000000
        -0.01396446076
        N/A
        DFE
        
        MX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            11841399.70000000
            USD
            260256002.09000000
            MXN
            2020-12-16
            -175348.04000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Sri Lanka
        254900HXCCIOHM74FA02
        Sri Lanka Government International Bond
        000000000
        
          
        
        3180000.00000000
        PA
        USD
        2245875.00000000
        0.178858191527
        Long
        DBT
        NUSS
        LK
        N
        
        2
        
          2025-11-03
          Fixed
          6.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BBVA BANCOMER SA TEXAS
        549300WIWQK5Q9MCUN92
        BBVA Bancomer SA/Texas
        05533UAF5
        
          
        
        3080000.00000000
        PA
        USD
        2954875.00000000
        0.235321911811
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2033-01-18
          Fixed
          5.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED MXN / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -64969.04000000
        -0.00517403907
        N/A
        DFE
        
        MX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1308304.56000000
            USD
            27737364.98000000
            MXN
            2020-12-16
            -64969.04000000
          
        
        
          N
          N
          N
        
      
      
        BANCO SANTANDER MEXICO
        SCRYQ25DTVRHYYMM6P89
        Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand
        05969BAC7
        
          
        
        1090000.00000000
        PA
        USD
        1147225.00000000
        0.091363316647
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2028-10-01
          Fixed
          5.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD RUB
        000000000
        
          
        
        1.00000000
        NC
        
        76104.99000000
        0.006060889799
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            98349030.33000000
            RUB
            1336541.84000000
            USD
            2020-11-17
            76104.99000000
          
        
        
          N
          N
          N
        
      
      
        Arab Republic of Egypt
        529900GFIVH4086NMH82
        Egypt Government International Bond
        000000000
        
          
        
        2369000.00000000
        PA
        
        2583974.15000000
        0.205783912026
        Long
        DBT
        NUSS
        EG
        N
        
        2
        
          2031-04-11
          Fixed
          6.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD COP
        000000000
        
          
        
        1.00000000
        NC
        
        3672.98000000
        0.000292510740
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            911981142.60000000
            COP
            241341.47000000
            USD
            2020-11-20
            3672.98000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED EUR / SOLD SEK
        000000000
        
          
        
        1.00000000
        NC
        N/A
        11647.69000000
        0.000927604950
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            11103412.51000000
            SEK
            1066528.27000000
            EUR
            2020-12-16
            11647.69000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD JPY
        000000000
        
          
        
        1.00000000
        NC
        
        -7913.88000000
        -0.00063024979
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            132448986.00000000
            JPY
            1249321.91000000
            USD
            2020-12-16
            -7913.88000000
          
        
        
          N
          N
          N
        
      
      
        PTT TREASURY CENTRE
        254900FBQLIN5XACCX50
        PTT Treasury Center Co Ltd
        74446T2C6
        
          
        
        2850000.00000000
        PA
        USD
        2829964.50000000
        0.225374222767
        Long
        DBT
        CORP
        TH
        N
        
        2
        
          2070-07-16
          Fixed
          3.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BNQ CEN TUNISIA INT BOND
        254900B5LFB16S9T2T11
        Banque Centrale de Tunisie International Bond
        000000000
        
          
        
        760000.00000000
        PA
        
        801120.28000000
        0.063800044293
        Long
        DBT
        NUSS
        TN
        N
        
        2
        
          2026-07-15
          Fixed
          6.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED JPY / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        3679.94000000
        0.000293065025
        N/A
        DFE
        
        JP
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1264280.60000000
            USD
            133578831.00000000
            JPY
            2020-12-16
            3679.94000000
          
        
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Long: SS005903  CDS USD R F  1.00000 2 CCPCORPORATE / Short: SS005903  CDS USD P V 03MEVENT 1 CCPCORPORATE
        000000000
        
          
        
        12630000.00000000
        OU
        Notional Amount
        USD
        256613.81000000
        0.020436347516
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Intercontinental Exchange, Inc.
              5493000F4ZO33MV32P92
            
            
              
                Chile Government International Bond
                Chile Government International Bond
                
                  
                  
                
              
            
            Y
            
            sell protection
            2024-12-20
            268784.36000000
            USD
            0.00000000
            USD
            12630000.00000000
            USD
            -12170.55000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED AUD / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -22322.42000000
        -0.00177772479
        N/A
        DFE
        
        AU
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1317882.86000000
            USD
            1808425.51000000
            AUD
            2020-12-16
            -22322.42000000
          
        
        
          N
          N
          N
        
      
      
        ROMANIA
        315700IASY927EDWBK92
        Romanian Government International Bond
        000000000
        
          
        
        3250000.00000000
        PA
        
        4305821.80000000
        0.342909333862
        Long
        DBT
        NUSS
        RO
        N
        
        2
        
          2030-05-26
          Fixed
          3.62000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HONDURAS GOVERNMENT
        5493002DW1JNBNG17615
        Honduras Government International Bond
        000000000
        
          
        
        6930000.00000000
        PA
        USD
        6984140.63000000
        0.556206717852
        Long
        DBT
        NUSS
        HN
        N
        
        2
        
          2020-12-16
          Fixed
          8.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF SERBIA
        254900W94OCY91V32O78
        Serbia International Bond
        000000000
        
          
        
        440000.00000000
        PA
        
        551344.51000000
        0.043908268255
        Long
        DBT
        NUSS
        RS
        N
        
        2
        
          2027-05-15
          Fixed
          3.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005506  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005506  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        7050000.00000000
        OU
        Notional Amount
        USD
        -46200.06000000
        -0.00367930502
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            4547.93000000
            USD
            0.00000000
            USD
            7050000.00000000
            USD
            -50747.99000000
          
        
        
          N
          N
          N
        
      
      
        SAUDI INTERNATIONAL BOND
        635400FMICXSM3SI3H65
        Saudi Government International Bond
        000000000
        
          
        
        3600000.00000000
        PA
        USD
        4401000.00000000
        0.350489186136
        Long
        DBT
        NUSS
        SA
        N
        
        2
        
          2047-10-04
          Fixed
          4.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LUKOIL INTL FINANCE BV
        724500LG1GUKJ5TOIW61
        Lukoil International Finance BV
        000000000
        
          
        
        0.00000000
        PA
        USD
        0.00000000
        0.000000
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2023-04-24
          Fixed
          4.56000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED GBP / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -6971.53000000
        -0.00055520242
        N/A
        DFE
        
        GB
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1503831.61000000
            USD
            1159442.43000000
            GBP
            2020-12-16
            -6971.53000000
          
        
        
          N
          N
          N
        
      
      
        UKRAINE GOVERNMENT
        6354001WLTJXOMEXPY07
        Ukraine Government International Bond
        000000000
        
          
        
        1580000.00000000
        PA
        USD
        1605280.00000000
        0.127842145130
        Long
        DBT
        NUSS
        UA
        N
        
        2
        
          2023-09-01
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CNH / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        11779.56000000
        0.000938106884
        N/A
        DFE
        
        CN
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1316102.68000000
            USD
            9056958.01000000
            CNY
            2020-12-16
            11779.56000000
          
        
        
          N
          N
          N
        
      
      
        KAISA GROUP HOLDINGS LTD
        254900N8L3L7NRJT0120
        Kaisa Group Holdings Ltd
        000000000
        
          
        
        200000.00000000
        PA
        USD
        198500.00000000
        0.015808248908
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2023-07-23
          Fixed
          10.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Deutsche Bank Aktiengesellschaft
        7LTWFZYICNSX8D621K86
        Long: CS005536  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005536  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        5890000.00000000
        OU
        Notional Amount
        USD
        -38598.35000000
        -0.00307391599
        N/A
        DCR
        
        DE
        N
        
        2
        
          
            
              Deutsche Bank Aktiengesellschaft
              7LTWFZYICNSX8D621K86
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            0.00000000
            USD
            -200.68000000
            USD
            5890000.00000000
            USD
            -38397.67000000
          
        
        
          N
          N
          N
        
      
      
        Chicago Board of Trade
        549300EX04Q2QBFQTQ27
        US ULTRA BOND CBT DEC20 XCBT 20201221
        000000000
        
          
        
        196.00000000
        NC
        USD
        -50271.85000000
        -0.00400357641
        N/A
        DIR
        
        US
        N
        
        1
        
          
            
              Chicago Board of Trade
              549300EX04Q2QBFQTQ27
            
            Long
            
              
                US Treasury Ultra Long Bond
                WNZ0 Comdty
              
            
            2020-12-21
            43445896.85000000
            USD
            -50271.85000000
          
        
        
          N
          N
          N
        
      
      
        LCH Limited
        F226TOH6YD6XJB17KS62
        Long: BR214841  IRS EUR R V 06MLIBOR CCPVANILLA / Short: BR214841  IRS EUR P F   .00000 CCPVANILLA
        000000000
        
          
        
        53490000.00000000
        OU
        Notional Amount
        
        -536195.05000000
        -0.04270178747
        N/A
        DIR
        
        ER
        N
        
        2
        
          
            
              LCH Limited
              F226TOH6YD6XJB17KS62
            
            
              
                N/A
                N/A
                
                  
                
              
            
            Y
            
              
                
              
            
            
            2025-12-16
            0.00000000
            EUR
            -387637.56000000
            EUR
            53490000.00000000
            EUR
            -78410.05000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Argentina
        549300KPBYGYF7HCHO27
        Argentine Republic Government International Bond
        000000000
        
          
        
        0.00000000
        PA
        
        0.00000000
        0.000000
        Long
        DBT
        NUSS
        AR
        N
        
        2
        
          2028-01-15
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005521  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005521  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        2380000.00000000
        OU
        Notional Amount
        USD
        -15596.62000000
        -0.00124209194
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            769.06000000
            USD
            0.00000000
            USD
            2380000.00000000
            USD
            -16365.68000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CAD / SOLD CHF
        000000000
        
          
        
        1.00000000
        NC
        N/A
        4426.36000000
        0.000352508819
        N/A
        DFE
        
        CA
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1186566.67000000
            CHF
            1724786.20000000
            CAD
            2020-12-16
            4426.36000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CAD / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        4227.06000000
        0.000336636859
        N/A
        DFE
        
        CA
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            2565266.82000000
            USD
            3420162.51000000
            CAD
            2020-12-16
            4227.06000000
          
        
        
          N
          N
          N
        
      
      
        MINISTRY OF FINANCE OF T
        N/A
        Republic of Belarus Ministry of Finance
        07737JAD5
        
          
        
        5390000.00000000
        PA
        USD
        5045040.00000000
        0.401779587281
        Long
        DBT
        NUSS
        BY
        N
        
        2
        
          2031-02-24
          Fixed
          6.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD AUD
        000000000
        
          
        
        1.00000000
        NC
        
        31505.57000000
        0.002509057393
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1796565.32000000
            AUD
            1318569.35000000
            USD
            2020-12-16
            31505.57000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Guatemala
        529900QKDFFU9UWW5315
        Guatemala Government Bond
        401494AQ2
        
          
        
        1410000.00000000
        PA
        USD
        1560253.13000000
        0.124256271233
        Long
        DBT
        NUSS
        GT
        N
        
        2
        
          2030-06-01
          Fixed
          4.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROMANIA
        315700IASY927EDWBK92
        Romanian Government International Bond
        000000000
        
          
        
        1730000.00000000
        PA
        
        2021999.55000000
        0.161029078992
        Long
        DBT
        NUSS
        RO
        N
        
        2
        
          2031-07-16
          Fixed
          2.12000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SAUDI INTERNATIONAL BOND
        635400FMICXSM3SI3H65
        Saudi Government International Bond
        000000000
        
          
        
        1380000.00000000
        PA
        USD
        1781925.00000000
        0.141909893889
        Long
        DBT
        NUSS
        SA
        N
        
        2
        
          2049-04-17
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Belarus
        635400CVCOWYLHF4ZB08
        Republic of Belarus International Bond
        000000000
        
          
        
        450000.00000000
        PA
        USD
        438609.38000000
        0.034930207822
        Long
        DBT
        NUSS
        BY
        N
        
        2
        
          2027-06-29
          Fixed
          7.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lebanese Republic
        529900QPC4K9S1KHL354
        Lebanon Government International Bond
        000000000
        
          
        
        10024000.00000000
        PA
        USD
        1453480.00000000
        0.115753015738
        Long
        DBT
        NUSS
        LB
        N
        
        2
        
          2030-02-26
          None
          0.00000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        NORTH MACEDONIA
        635400RD1N6RVNCE4958
        North Macedonia Government International Bond
        000000000
        
          
        
        10480000.00000000
        PA
        
        12609814.58000000
        1.004227141439
        Long
        DBT
        NUSS
        MK
        N
        
        2
        
          2025-01-18
          Fixed
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UBS Switzerland AG
        549300WOIFUSNYH0FL22
        Long: CS005507  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005507  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        12470000.00000000
        OU
        Notional Amount
        USD
        -81718.40000000
        -0.00650793353
        N/A
        DCR
        
        GB
        N
        
        2
        
          
            
              UBS Switzerland AG
              549300WOIFUSNYH0FL22
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            7888.80000000
            USD
            0.00000000
            USD
            12470000.00000000
            USD
            -89607.20000000
          
        
        
          N
          N
          N
        
      
      
        DP WORLD SALAAM
        549300SUYBT9X88E9435
        DP World Salaam
        000000000
        
          
        
        6350000.00000000
        PA
        USD
        6659562.50000000
        0.530357791558
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2025-10-01
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD CLP
        000000000
        
          
        
        1.00000000
        NC
        
        43037.24000000
        0.003427422681
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1976169363.00000000
            CLP
            2562294.15000000
            USD
            2020-12-17
            43037.24000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF TURKEY
        5493000PCHOG3B6S3Q85
        Turkey Government International Bond
        900123CY4
        
          
        
        3450000.00000000
        PA
        USD
        3062953.13000000
        0.243929095593
        Long
        DBT
        NUSS
        TR
        N
        
        2
        
          2030-03-13
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED INR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        92509.96000000
        0.007367357552
        N/A
        DFE
        
        IN
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            3711380.20000000
            USD
            280591476.93000000
            INR
            2020-10-28
            92509.96000000
          
        
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Long: SS005823  CDS USD R F  1.00000 2 CCPCORPORATE / Short: SS005823  CDS USD P V 03MEVENT 1 CCPCORPORATE
        000000000
        
          
        
        9460000.00000000
        OU
        Notional Amount
        USD
        211461.27000000
        0.016840465444
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Intercontinental Exchange, Inc.
              5493000F4ZO33MV32P92
            
            
              
                Philippine Government International Bond
                Philippine Government International Bond
                
                  
                  
                
              
            
            Y
            
            sell protection
            2023-12-20
            8649.03000000
            USD
            0.00000000
            USD
            9460000.00000000
            USD
            202812.24000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD KRW
        000000000
        
          
        
        1.00000000
        NC
        
        -2593.66000000
        -0.00020655527
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            2906143645.00000000
            KRW
            2489778.06000000
            USD
            2020-11-02
            -2593.66000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD ZAR
        000000000
        
          
        
        1.00000000
        NC
        
        -19205.32000000
        -0.00152948352
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            22013566.63000000
            ZAR
            1282756.66000000
            USD
            2020-12-17
            -19205.32000000
          
        
        
          N
          N
          N
        
      
      
        FANTASIA HOLDINGS GROUP
        5493005JQNLB3I01JW62
        Fantasia Holdings Group Co Ltd
        000000000
        
          
        
        200000.00000000
        PA
        USD
        189812.50000000
        0.015116389148
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2023-07-28
          Fixed
          9.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED PLN / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        N/A
        -22308.83000000
        -0.00177664250
        N/A
        DFE
        
        PL
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1037877.37000000
            EUR
            4624807.51000000
            PLN
            2020-12-16
            -22308.83000000
          
        
        
          N
          N
          N
        
      
      
        Barclays Bank PLC
        G5GSEF7VJP5I7OUK5573
        Long: CS005967  CDS USD R F  5.00000 2 CORPORATE / Short: CS005967  CDS USD P V 03MEVENT 1 CORPORATE
        000000000
        
          
        
        520000.00000000
        OU
        Notional Amount
        USD
        -21458.37000000
        -0.00170891311
        N/A
        DCR
        
        GB
        N
        
        2
        
          
            
              Barclays Bank PLC
              G5GSEF7VJP5I7OUK5573
            
            
              
                Ukraine Government International Bond
                Ukraine Government International Bond
                
                  
                
              
            
            Y
            
            sell protection
            2025-06-20
            0.00000000
            USD
            -22366.79000000
            USD
            520000.00000000
            USD
            908.42000000
          
        
        
          N
          N
          N
        
      
      
        Brazil Loan Trust 1
        N/A
        Brazil Loan Trust 1
        105859AA0
        
          
        
        4742598.72000000
        PA
        USD
        4813737.70000000
        0.383359011303
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2023-07-24
          Fixed
          5.48000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GAZPROM PJSC (GAZ FN)
        213800UNP9N6BPNYMQ45
        Gazprom PJSC via Gaz Finance PLC
        000000000
        
          
        
        6160000.00000000
        PA
        USD
        6173860.00000000
        0.491677156718
        Long
        DBT
        CORP
        GB
        
        N
        
        2
        
          2030-02-25
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Sri Lanka
        254900HXCCIOHM74FA02
        Sri Lanka Government International Bond
        000000000
        
          
        
        230000.00000000
        PA
        USD
        155753.13000000
        0.012403950868
        Long
        DBT
        NUSS
        LK
        N
        
        2
        
          2028-04-18
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MTN MAURITIUS INVSTMENTS
        2549009PQD415OQIR074
        MTN Mauritius Investments Ltd
        000000000
        
          
        
        3390000.00000000
        PA
        USD
        3455681.25000000
        0.275205387152
        Long
        DBT
        CORP
        MU
        
        N
        
        2
        
          2022-02-13
          Fixed
          5.37000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Turkey
        5493000PCHOG3B6S3Q85
        Turkey Government International Bond
        000000000
        
          
        
        5290000.00000000
        PA
        
        5684758.31000000
        0.452725815372
        Long
        DBT
        NUSS
        TR
        N
        
        2
        
          2025-06-14
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HONDURAS GOVERNMENT
        5493002DW1JNBNG17615
        Honduras Government International Bond
        000000000
        
          
        
        1310000.00000000
        PA
        USD
        1423396.88000000
        0.113357240177
        Long
        DBT
        NUSS
        HN
        N
        
        2
        
          2024-03-15
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PETROLEOS DE VENEZUELA S
        549300YWR8TN1OFD4P06
        Petroleos de Venezuela SA
        000000000
        
          
        
        2180000.00000000
        PA
        USD
        59950.00000000
        0.004774330086
        Long
        DBT
        CORP
        VE
        N
        
        2
        
          2037-04-12
          Fixed
          5.50000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005473  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005473  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        4780000.00000000
        OU
        Notional Amount
        USD
        -31324.30000000
        -0.00249462131
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            7537.38000000
            USD
            0.00000000
            USD
            4780000.00000000
            USD
            -38861.68000000
          
        
        
          N
          N
          N
        
      
      
        TELECOM ARGENTINA SA
        549300MKPIRSJD8SB782
        Telecom Argentina SA
        879273AT7
        
          
        
        1036000.00000000
        PA
        USD
        883190.00000000
        0.070335956442
        Long
        DBT
        CORP
        AR
        N
        
        2
        
          2025-08-06
          Fixed
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KINGDOM OF JORDAN
        5493000JZ4MYPVMBVN50
        Jordan Government International Bond
        418097AL5
        
          
        
        3000000.00000000
        PA
        USD
        2910000.00000000
        0.231748132619
        Long
        DBT
        NUSS
        JO
        N
        
        2
        
          2030-07-07
          Fixed
          5.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MHP SE
        213800D7DXFXGA292757
        MHP SE
        000000000
        
          
        
        1910000.00000000
        PA
        USD
        1989384.38000000
        0.158431654682
        Long
        DBT
        CORP
        CY
        
        N
        
        2
        
          2024-05-10
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED KRW / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        7359.65000000
        0.000586111733
        N/A
        DFE
        
        KR
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1311214.75000000
            USD
            1537477967.00000000
            KRW
            2020-11-02
            7359.65000000
          
        
        
          N
          N
          N
        
      
      
        Government of Jamaica
        529900Y93KNSXZI8KK56
        Jamaica Government International Bond
        470160CB6
        
          
        
        6890000.00000000
        PA
        USD
        8718003.13000000
        0.694288984723
        Long
        DBT
        NUSS
        JM
        N
        
        2
        
          2045-07-28
          Fixed
          7.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CREDIT BANK OF MOSCOW (C
        635400Y22HQLUDCVZX38
        Credit Bank of Moscow Via CBOM Finance PLC
        12504PAH3
        
          
        
        430000.00000000
        PA
        USD
        433359.38000000
        0.034512105521
        Long
        DBT
        CORP
        IE
        
        N
        
        2
        
          2025-01-29
          Fixed
          4.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANCO NACIONAL DE PANAMA
        529900H2Q7WMDKKIW109
        Banco Nacional de Panama
        059626AC5
        
          
        
        2190000.00000000
        PA
        USD
        2155310.40000000
        0.171645759592
        Long
        DBT
        CORP
        PA
        N
        
        2
        
          2030-08-11
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        STUDIO CITY FINANCE LTD
        254900D6R731QAUIG324
        Studio City Finance Ltd
        86389QAE2
        
          
        
        430000.00000000
        PA
        USD
        439589.00000000
        0.035008223322
        Long
        DBT
        CORP
        VG
        
        N
        
        2
        
          2025-07-15
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ICE Clear Europe Limited
        5R6J7JCQRIPQR1EEP713
        Long: SS005888  CDS USD R F  1.00000 2 CCPCORPORATE / Short: SS005888  CDS USD P V 03MEVENT 1 CCPCORPORATE
        000000000
        
          
        
        5830000.00000000
        OU
        Notional Amount
        USD
        144054.05000000
        0.011472253293
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              ICE Clear Europe Limited
              5R6J7JCQRIPQR1EEP713
            
            
              
                Qatar Government International Bond
                Qatar Government International Bond
                
                  
                
              
            
            Y
            
            sell protection
            2024-06-20
            92174.58000000
            USD
            0.00000000
            USD
            5830000.00000000
            USD
            51879.47000000
          
        
        
          N
          N
          N
        
      
      
        PETROLEOS DE VENEZUELA S
        549300YWR8TN1OFD4P06
        Petroleos de Venezuela SA
        000000000
        
          
        
        41690000.00000000
        PA
        USD
        1146475.00000000
        0.091303587747
        Long
        DBT
        CORP
        VE
        N
        
        2
        
          2024-05-16
          Fixed
          6.00000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD ZAR
        000000000
        
          
        
        1.00000000
        NC
        
        4413.97000000
        0.000351522097
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            22133907.62000000
            ZAR
            1313493.35000000
            USD
            2020-12-17
            4413.97000000
          
        
        
          N
          N
          N
        
      
      
        SoftBank Group Corp
        5493003BZYYYCDIO0R13
        SoftBank Group Corp
        000000000
        
          
        
        1310000.00000000
        PA
        USD
        1206837.50000000
        0.096110768728
        Long
        DBT
        CORP
        JP
        N
        
        2
        
          2023-07-19
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CONTEMPRY RUIDNG DEVELOP
        549300MSU00BINFBY870
        Contemporary Ruiding Development Ltd
        000000000
        
          
        
        290000.00000000
        PA
        USD
        289040.10000000
        0.023018729700
        Long
        DBT
        CORP
        VG
        
        N
        
        2
        
          2030-09-17
          Fixed
          2.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FORTUNE STAR BVI LTD
        2549008CU8NYQQRSNU62
        Fortune Star BVI Ltd
        000000000
        
          
        
        260000.00000000
        PA
        USD
        268125.00000000
        0.021353081807
        Long
        DBT
        CORP
        VG
        
        N
        
        2
        
          2023-07-02
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ARGENTINA
        549300KPBYGYF7HCHO27
        Argentine Republic Government International Bond
        040114HT0
        
          
        
        28120015.00000000
        PA
        USD
        10502825.60000000
        0.836429628874
        Long
        DBT
        NUSS
        AR
        N
        
        2
        
          2035-07-09
          Variable
          0.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CNAC HK FINBRIDGE CO LTD
        549300US1UQ7R7WABI28
        CNAC HK Finbridge Co Ltd
        000000000
        
          
        
        7110000.00000000
        PA
        USD
        7007332.31000000
        0.558053669238
        Long
        DBT
        CORP
        HK
        
        N
        
        2
        
          2030-09-22
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Chicago Mercantile Exchange
        SNZ2OJLFK8MNNCLQOF39
        Long: SR214906  IRS MXN R F  5.10000 2 CCPVANILLA / Short: SR214906  IRS MXN P V 01MTIIE 1 CCPVANILLA
        000000000
        
          
        
        672410000.00000000
        OU
        Notional Amount
        
        -61054.09000000
        -0.00486225819
        N/A
        DIR
        
        US
        N
        
        2
        
          
            
              Chicago Mercantile Exchange
              SNZ2OJLFK8MNNCLQOF39
            
            
              
                N/A
                N/A
                
                  
                
              
            
            Y
            
            
              
                
              
            
            2025-12-10
            6387.89000000
            MXN
            0.00000000
            MXN
            672410000.00000000
            MXN
            -61347.42000000
          
        
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Long: SS005947  CDS USD R F  1.00000 2 CCPCORPORATE / Short: SS005947  CDS USD P V 03MEVENT 1 CCPCORPORATE
        000000000
        
          
        
        4140000.00000000
        OU
        Notional Amount
        USD
        105472.71000000
        0.008399691953
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Intercontinental Exchange, Inc.
              5493000F4ZO33MV32P92
            
            
              
                Abu Dhabi Government International Bond
                Abu Dhabi Government International Bond
                
                  
                
              
            
            Y
            
            sell protection
            2024-12-20
            95747.78000000
            USD
            0.00000000
            USD
            4140000.00000000
            USD
            9724.93000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED COP / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -49212.47000000
        -0.00391920894
        N/A
        DFE
        
        CO
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1324104.54000000
            USD
            4880305067.26000000
            COP
            2020-10-05
            -49212.47000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED MXN / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        13831.32000000
        0.001101506041
        N/A
        DFE
        
        MX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1009401.95000000
            USD
            22827140.59000000
            MXN
            2020-12-16
            13831.32000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF INDONESIA
        529900FWX0GRR7WG5W79
        Indonesia Government International Bond
        455780CU8
        
          
        
        4590000.00000000
        PA
        USD
        5430543.75000000
        0.432480540607
        Long
        DBT
        NUSS
        ID
        N
        
        2
        
          2070-04-15
          Fixed
          4.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PERUSAHAAN GAS NEGARA
        549300OX1VFDX7ZPN240
        Perusahaan Gas Negara Tbk PT
        000000000
        
          
        
        1730000.00000000
        PA
        USD
        1888403.13000000
        0.150389656017
        Long
        DBT
        CORP
        ID
        N
        
        2
        
          2024-05-16
          Fixed
          5.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        THIRD PKSTAN INTL SUKUK
        529900OMZDJ2H3CXKF72
        Third Pakistan International Sukuk Co Ltd/The
        000000000
        
          
        
        5200000.00000000
        PA
        USD
        5193500.00000000
        0.413602723971
        Long
        DBT
        CORP
        PK
        N
        
        2
        
          2022-12-05
          Fixed
          5.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Easy Tactic Ltd
        549300WYFMC41MKE6E16
        Easy Tactic Ltd
        000000000
        
          
        
        740000.00000000
        PA
        USD
        635243.75000000
        0.050589880694
        Long
        DBT
        CORP
        VG
        
        N
        
        2
        
          2024-02-27
          Fixed
          8.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED INR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        61403.30000000
        0.004890068766
        N/A
        DFE
        
        IN
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            2605106.48000000
            USD
            196693354.56000000
            INR
            2020-10-28
            61403.30000000
          
        
        
          N
          N
          N
        
      
      
        SUNAC CHINA HOLDINGS LTD
        549300OLARYHDXP3WK18
        Sunac China Holdings Ltd
        000000000
        
          
        
        470000.00000000
        PA
        USD
        453526.27000000
        0.036118167067
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2025-07-09
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Russian Federation
        5493004EHVGF71PDBU58
        Russian Foreign Bond - Eurobond
        000000000
        
          
        
        4000000.00000000
        PA
        USD
        4580000.00000000
        0.364744483641
        Long
        DBT
        NUSS
        RU
        N
        
        2
        
          2026-05-27
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROMANIA
        315700IASY927EDWBK92
        Romanian Government International Bond
        000000000
        
          
        
        4370000.00000000
        PA
        
        5423016.22000000
        0.431881059157
        Long
        DBT
        NUSS
        RO
        N
        
        2
        
          2027-04-19
          Fixed
          2.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CBB INTL SUKUK PRGM SPC
        5493006IRJ2IWXTNIM16
        CBB International Sukuk Programme Co SPC
        12482TAB4
        
          
        
        2670000.00000000
        PA
        USD
        2623275.00000000
        0.208913774088
        Long
        DBT
        CORP
        BH
        N
        
        2
        
          2027-09-16
          Fixed
          3.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Long: SX002950  CDS USD R F  1.00000 2 CCPCDX / Short: SX002950  CDS USD P V 03MEVENT 1 CCPCDX
        000000000
        
          
        
        40530000.00000000
        OU
        Notional Amount
        USD
        -1560473.90000000
        -0.12427385303
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Intercontinental Exchange, Inc.
              5493000F4ZO33MV32P92
            
            
              
                Markit CDX.EM.S33.V1
                2I65BZDN9
              
            
            Y
            
            sell protection
            2025-06-20
            0.00000000
            USD
            -1515350.11000000
            USD
            40530000.00000000
            USD
            -45123.79000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD ZAR
        000000000
        
          
        
        1.00000000
        NC
        
        -58355.81000000
        -0.00464737113
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            82173205.22000000
            ZAR
            4801664.86000000
            USD
            2020-12-17
            -58355.81000000
          
        
        
          N
          N
          N
        
      
      
        CODELCO INC
        549300UVMBCBCIPSUI70
        Corp Nacional del Cobre de Chile
        21987BBC1
        
          
        
        2290000.00000000
        PA
        USD
        2547625.00000000
        0.202889119025
        Long
        DBT
        CORP
        CL
        N
        
        2
        
          2031-01-15
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PERUSAHAAN PENERBIT SBSN
        254900G208H6Q0L5B953
        Perusahaan Penerbit SBSN Indonesia III
        71567RAF3
        
          
        
        2430000.00000000
        PA
        USD
        2794500.00000000
        0.222549881994
        Long
        DBT
        NUSS
        ID
        N
        
        2
        
          2026-03-29
          Fixed
          4.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROMANIA
        315700IASY927EDWBK92
        Romanian Government International Bond
        000000000
        
          
        
        3070000.00000000
        PA
        
        3666909.95000000
        0.292027331063
        Long
        DBT
        NUSS
        RO
        N
        
        2
        
          2050-01-28
          Fixed
          3.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lebanese Republic
        529900QPC4K9S1KHL354
        Lebanon Government International Bond
        000000000
        
          
        
        2020000.00000000
        PA
        USD
        308050.00000000
        0.024532650258
        Long
        DBT
        NUSS
        LB
        N
        
        2
        
          2024-04-22
          None
          0.00000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        SYNGENTA FINANCE NV
        54930042S3BYCEGOCN86
        Syngenta Finance NV
        87164KAJ3
        
          
        
        4640000.00000000
        PA
        USD
        4955937.60000000
        0.394683602809
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2048-04-24
          Fixed
          5.68000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Barclays Capital Securities Limited
        K9WDOH4D2PYBSLSOB484
        Long: CS005516  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005516  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        2480000.00000000
        OU
        Notional Amount
        USD
        -16251.94000000
        -0.00129428066
        N/A
        DCR
        
        GB
        N
        
        2
        
          
            
              Barclays Capital Securities Limited
              K9WDOH4D2PYBSLSOB484
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            589.98000000
            USD
            0.00000000
            USD
            2480000.00000000
            USD
            -16841.92000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Kenya
        549300VVURQQYU45PR87
        Kenya Government International Bond
        000000000
        
          
        
        200000.00000000
        PA
        USD
        197437.50000000
        0.015723632967
        Long
        DBT
        NUSS
        KE
        N
        
        2
        
          2032-05-22
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANCO MERCANTIL DE NORTE
        549300QTVYRPFHS0J362
        Banco Mercantil del Norte SA/Grand Cayman
        05971PAA6
        
          
        
        3820000.00000000
        PA
        USD
        3755537.50000000
        0.299085499177
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2024-09-27
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Arab Republic of Egypt
        529900GFIVH4086NMH82
        Egypt Government International Bond
        03846JW89
        
          
        
        2850000.00000000
        PA
        USD
        2773406.25000000
        0.220870006677
        Long
        DBT
        NUSS
        EG
        N
        
        2
        
          2049-03-01
          Fixed
          8.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HUARONG FINANCE 2019
        549300M6T6OW4AGYHK10
        Huarong Finance 2019 Co Ltd
        000000000
        
          
        
        1490000.00000000
        PA
        USD
        1532837.50000000
        0.122072930664
        Long
        DBT
        CORP
        VG
        
        N
        
        2
        
          2029-11-13
          Fixed
          3.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED TRY / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -19029.11000000
        -0.00151545041
        N/A
        DFE
        
        TR
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            520951.11000000
            USD
            3898641.82000000
            TRY
            2020-10-23
            -19029.11000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED TWD / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -31562.51000000
        -0.00251359201
        N/A
        DFE
        
        TW
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            2601000.00000000
            USD
            73972049.85000000
            TWD
            2020-11-09
            -31562.51000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF PANAMA
        549300SHS4T08CL0LP14
        Panama Government International Bond
        698299BM5
        
          
        
        6500000.00000000
        PA
        USD
        8112000.00000000
        0.646027784125
        Long
        DBT
        NUSS
        PA
        N
        
        2
        
          2056-04-01
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED INR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        6463.19000000
        0.000514718973
        N/A
        DFE
        
        IN
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            2527151.88000000
            USD
            186890462.98000000
            INR
            2020-10-28
            6463.19000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD TWD
        000000000
        
          
        
        1.00000000
        NC
        
        -4272.07000000
        -0.00034022139
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            37911368.74000000
            TWD
            1312588.72000000
            USD
            2020-11-09
            -4272.07000000
          
        
        
          N
          N
          N
        
      
      
        ROMANIA
        315700IASY927EDWBK92
        Romanian Government International Bond
        000000000
        
          
        
        2320000.00000000
        PA
        
        2711583.22000000
        0.215946511228
        Long
        DBT
        NUSS
        RO
        N
        
        2
        
          2031-07-16
          Fixed
          2.12000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Chicago Mercantile Exchange
        SNZ2OJLFK8MNNCLQOF39
        90DAY EUR FUTR  DEC20 XCME 20201214
        000000000
        
          
        
        -2.00000000
        NC
        USD
        -9272.61000000
        -0.00073845706
        N/A
        DIR
        
        US
        N
        
        1
        
          
            
              Chicago Mercantile Exchange
              SNZ2OJLFK8MNNCLQOF39
            
            Short
            
              
                Eurodollar Time Deposit
                EDZ0 Comdty
              
            
            2020-12-14
            -489502.39000000
            USD
            -9272.61000000
          
        
        
          N
          N
          N
        
      
      
        Banco de Bogota SA
        549300LYHE7LWSKDZT53
        Banco de Bogota SA
        000000000
        
          
        
        1980000.00000000
        PA
        USD
        2145825.00000000
        0.170890356246
        Long
        DBT
        CORP
        CO
        N
        
        2
        
          2026-05-12
          Fixed
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        IVORY COAST
        254900ICW11T82O6H590
        Ivory Coast Government International Bond
        000000000
        
          
        
        2100000.00000000
        PA
        
        2224393.70000000
        0.177147452297
        Long
        DBT
        NUSS
        CI
        N
        
        2
        
          2030-03-22
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LUKOIL INTL FINANCE BV
        724500LG1GUKJ5TOIW61
        Lukoil International Finance BV
        000000000
        
          
        
        1800000.00000000
        PA
        USD
        2000250.00000000
        0.159296976725
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2026-11-02
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD CAD
        000000000
        
          
        
        1.00000000
        NC
        
        13463.80000000
        0.001072237287
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1640389.79000000
            CAD
            1245853.05000000
            USD
            2020-12-16
            13463.80000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF COLOMBIA
        549300MHDRBVRF6B9117
        Colombia Government International Bond
        195325DS1
        
          
        
        6780000.00000000
        PA
        USD
        6925770.00000000
        0.551558166477
        Long
        DBT
        NUSS
        CO
        N
        
        2
        
          2031-04-15
          Fixed
          3.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED EUR / SOLD SEK
        000000000
        
          
        
        1.00000000
        NC
        N/A
        -15046.18000000
        -0.00119825571
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            11506893.33000000
            SEK
            1082197.08000000
            EUR
            2020-12-16
            -15046.18000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED COP / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -68045.59000000
        -0.00541905100
        N/A
        DFE
        
        CO
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1315458.04000000
            USD
            4775112685.20000000
            COP
            2020-10-05
            -68045.59000000
          
        
        
          N
          N
          N
        
      
      
        BBVA BANCOMER SA TEXAS
        549300WIWQK5Q9MCUN92
        BBVA Bancomer SA/Texas
        000000000
        
          
        
        600000.00000000
        PA
        USD
        608407.50000000
        0.048452681098
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2034-09-13
          Fixed
          5.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UNITED MEXICAN STATES
        254900EGTWEU67VP6075
        Mexico Government International Bond
        91087BAL4
        
          
        
        2920000.00000000
        PA
        USD
        3273320.00000000
        0.260682404627
        Long
        DBT
        NUSS
        MX
        N
        
        2
        
          2051-04-27
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD TRY
        000000000
        
          
        
        1.00000000
        NC
        
        65487.93000000
        0.005215362710
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            10029620.68000000
            TRY
            1356729.21000000
            USD
            2020-10-23
            65487.93000000
          
        
        
          N
          N
          N
        
      
      
        Metinvest BV
        635400TMCKVEU87EJ582
        Metinvest BV
        000000000
        
          
        
        520000.00000000
        PA
        USD
        528125.00000000
        0.042059100529
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2023-04-23
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ABENGOA TRANSMISION SUR
        549300PQCSQSSZTVDH16
        ABY Transmision Sur SA
        00289LAA3
        
          
        
        5029968.00000000
        PA
        USD
        6608120.46000000
        0.526261022930
        Long
        DBT
        CORP
        PE
        N
        
        2
        
          2043-04-30
          Fixed
          6.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ARAB REPUBLIC OF EGYPT
        529900GFIVH4086NMH82
        Egypt Government International Bond
        03846JX62
        
          
        
        6770000.00000000
        PA
        USD
        6710762.50000000
        0.534435284475
        Long
        DBT
        NUSS
        EG
        N
        
        2
        
          2050-05-29
          Fixed
          8.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BHARTI AIRTEL INTERNATIO
        724500ULW6PWKDAI7I46
        Bharti Airtel International Netherlands BV
        000000000
        
          
        
        550000.00000000
        PA
        USD
        583515.63000000
        0.046470329074
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2023-03-11
          Fixed
          5.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UBS Switzerland AG
        549300WOIFUSNYH0FL22
        Long: CS005510  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005510  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        6050000.00000000
        OU
        Notional Amount
        USD
        -39646.86000000
        -0.00315741779
        N/A
        DCR
        
        GB
        N
        
        2
        
          
            
              UBS Switzerland AG
              549300WOIFUSNYH0FL22
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            4379.48000000
            USD
            0.00000000
            USD
            6050000.00000000
            USD
            -44026.34000000
          
        
        
          N
          N
          N
        
      
      
        UKRAINE GOVERNMENT
        6354001WLTJXOMEXPY07
        Ukraine Government International Bond
        000000000
        
          
        
        1520000.00000000
        PA
        USD
        1513825.00000000
        0.120558803045
        Long
        DBT
        NUSS
        UA
        N
        
        2
        
          2026-09-01
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HONDURAS GOVERNMENT
        5493002DW1JNBNG17615
        Honduras Government International Bond
        000000000
        
          
        
        6018000.00000000
        PA
        USD
        6065015.63000000
        0.483008950707
        Long
        DBT
        NUSS
        HN
        N
        
        2
        
          2020-12-16
          Fixed
          8.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005452  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005452  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        380000.00000000
        OU
        Notional Amount
        USD
        -767.83000000
        -0.00006114885
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2020-12-20
            145.20000000
            USD
            0.00000000
            USD
            380000.00000000
            USD
            -913.03000000
          
        
        
          N
          N
          N
        
      
      
        VEDANTA HD MAURITIUS II
        894500ANJHA7BPW5U641
        Vedanta Holdings Mauritius II Ltd
        92243WAA1
        
          
        
        2750000.00000000
        PA
        USD
        2832500.00000000
        0.225576146269
        Long
        DBT
        CORP
        MU
        
        N
        
        2
        
          2023-08-21
          Fixed
          13.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dominican Republic
        254900EHU7Q8FGVPI369
        Dominican Republic International Bond
        000000000
        
          
        
        170000.00000000
        PA
        USD
        171434.38000000
        0.013652782622
        Long
        DBT
        NUSS
        DO
        N
        
        2
        
          2048-02-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SINO OCEAN LAND IV
        213800EAGXDYG9QWS896
        Sino-Ocean Land Treasure IV Ltd
        000000000
        
          
        
        320000.00000000
        PA
        USD
        323700.00000000
        0.025778993308
        Long
        DBT
        CORP
        VG
        
        N
        
        2
        
          2030-01-14
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD CNH
        000000000
        
          
        
        1.00000000
        NC
        
        403.49000000
        0.000032133351
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            8921558.52000000
            CNY
            1308434.19000000
            USD
            2020-12-16
            403.49000000
          
        
        
          N
          N
          N
        
      
      
        Chicago Board of Trade
        549300EX04Q2QBFQTQ27
        US 10YR ULTRA FUT DEC20 XCBT 20201221
        000000000
        
          
        
        168.00000000
        NC
        USD
        80847.34000000
        0.006438563598
        N/A
        DIR
        
        US
        N
        
        1
        
          
            
              Chicago Board of Trade
              549300EX04Q2QBFQTQ27
            
            Long
            
              
                US 10 Year Ultra Bond
                UXYZ0 Comdty
              
            
            2020-12-21
            26765027.66000000
            USD
            80847.34000000
          
        
        
          N
          N
          N
        
      
      
        Kingdom of Bahrain
        549300RODM1WN85LFQ95
        Bahrain Government International Bond
        000000000
        
          
        
        990000.00000000
        PA
        USD
        912037.50000000
        0.072633329039
        Long
        DBT
        NUSS
        BH
        N
        
        2
        
          2044-09-19
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Greenko Investment Co
        21380023V4N5Y8KXN552
        Greenko Investment Co
        39530XAA2
        
          
        
        1780000.00000000
        PA
        USD
        1768318.75000000
        0.140826312092
        Long
        DBT
        CORP
        MU
        
        N
        
        2
        
          2023-08-16
          Fixed
          4.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America, National Association
        B4TYDEB6GKMZO031MB27
        Long: CS005482  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005482  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        8370000.00000000
        OU
        Notional Amount
        USD
        -54850.28000000
        -0.00436819586
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Bank of America, National Association
              B4TYDEB6GKMZO031MB27
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            14087.61000000
            USD
            0.00000000
            USD
            8370000.00000000
            USD
            -68937.89000000
          
        
        
          N
          N
          N
        
      
      
        KINGDOM OF BAHRAIN
        549300RODM1WN85LFQ95
        Bahrain Government International Bond
        05675M2A1
        
          
        
        4410000.00000000
        PA
        USD
        4299750.00000000
        0.342425784614
        Long
        DBT
        NUSS
        BH
        N
        
        2
        
          2031-09-30
          Fixed
          5.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SHARJAH SUKUK PROGRAM
        549300N3BQ9P6RRMVV02
        Sharjah Sukuk Program Ltd
        000000000
        
          
        
        1370000.00000000
        PA
        USD
        1527121.88000000
        0.121617747069
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2028-03-14
          Fixed
          4.23000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        
        23827.70000000
        0.001897603085
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            2310604.80000000
            EUR
            2735134.53000000
            USD
            2020-11-09
            23827.70000000
          
        
        
          N
          N
          N
        
      
      
        UKRAINE GOVERNMENT
        6354001WLTJXOMEXPY07
        Ukraine Government International Bond
        000000000
        
          
        
        2210000.00000000
        PA
        
        2111757.91000000
        0.168177303156
        Long
        DBT
        NUSS
        UA
        N
        
        2
        
          2030-01-27
          Fixed
          4.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PERUSAHAAN PENERBIT SBSN
        254900G208H6Q0L5B953
        Perusahaan Penerbit SBSN Indonesia III
        71567PAH3
        
          
        
        13920000.00000000
        PA
        USD
        15664350.00000000
        1.247485862952
        Long
        DBT
        NUSS
        ID
        N
        
        2
        
          2027-03-29
          Fixed
          4.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD TRY
        000000000
        
          
        
        1.00000000
        NC
        
        38576.18000000
        0.003072150405
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            9363313.46000000
            TRY
            1237878.56000000
            USD
            2020-11-10
            38576.18000000
          
        
        
          N
          N
          N
        
      
      
        AEROPUERTOS DOMINICANOS
        254900KJA5MXNPYB4W32
        Aeropuertos Dominicanos Siglo XXI SA
        007866AC0
        
          
        
        3220000.00000000
        PA
        USD
        2865794.53000000
        0.228227673813
        Long
        DBT
        CORP
        DO
        N
        
        2
        
          2029-03-30
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BNQ CEN TUNISIA INT BOND
        254900B5LFB16S9T2T11
        Banque Centrale de Tunisie International Bond
        000000000
        
          
        
        850000.00000000
        PA
        
        937721.67000000
        0.074678778673
        Long
        DBT
        NUSS
        TN
        N
        
        2
        
          2023-10-31
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF SERBIA
        254900W94OCY91V32O78
        Serbia International Bond
        000000000
        
          
        
        2740000.00000000
        PA
        
        3433372.61000000
        0.273428759777
        Long
        DBT
        NUSS
        RS
        N
        
        2
        
          2027-05-15
          Fixed
          3.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AKBANK TAS
        789000TUMN63Z28TJ497
        Akbank T.A.S.
        000000000
        
          
        
        564000.00000000
        PA
        USD
        493323.75000000
        0.039287580013
        Long
        DBT
        CORP
        TR
        N
        
        2
        
          2028-04-27
          Fixed
          6.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED GBP / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        1349.52000000
        0.000107473793
        N/A
        DFE
        
        GB
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1373570.23000000
            USD
            1064989.52000000
            GBP
            2020-12-16
            1349.52000000
          
        
        
          N
          N
          N
        
      
      
        UNITED MEXICAN STATES
        254900EGTWEU67VP6075
        Mexico Government International Bond
        000000000
        
          
        
        850000.00000000
        PA
        
        974159.21000000
        0.077580610924
        Long
        DBT
        NUSS
        MX
        N
        
        2
        
          2027-09-18
          Fixed
          1.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Arab Republic of Egypt
        529900GFIVH4086NMH82
        Egypt Government International Bond
        000000000
        
          
        
        8360000.00000000
        PA
        
        9302407.04000000
        0.740830055114
        Long
        DBT
        NUSS
        EG
        N
        
        2
        
          2026-04-16
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        IVORY COAST
        254900ICW11T82O6H590
        Ivory Coast Government International Bond
        000000000
        
          
        
        1130000.00000000
        PA
        
        1119513.67000000
        0.089156426963
        Long
        DBT
        NUSS
        CI
        N
        
        2
        
          2048-03-22
          Fixed
          6.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UKRAINE GOVERNMENT
        6354001WLTJXOMEXPY07
        Ukraine Government International Bond
        000000000
        
          
        
        7108000.00000000
        PA
        USD
        6428297.50000000
        0.511940186097
        Long
        DBT
        NUSS
        UA
        N
        
        2
        
          2040-05-31
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005527  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005527  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        6280000.00000000
        OU
        Notional Amount
        USD
        -41154.10000000
        -0.00327745217
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            0.00000000
            USD
            0.00000000
            USD
            6280000.00000000
            USD
            -41154.10000000
          
        
        
          N
          N
          N
        
      
      
        DP World Crescent Ltd
        21380096JRTWB8TL9236
        DP World Crescent Ltd
        000000000
        
          
        
        840000.00000000
        PA
        USD
        930972.00000000
        0.074141244852
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2028-09-26
          Fixed
          4.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Deutsche Bank Aktiengesellschaft
        7LTWFZYICNSX8D621K86
        Long: CS005582  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005582  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        15570000.00000000
        OU
        Notional Amount
        USD
        -169205.42000000
        -0.01347527151
        N/A
        DCR
        
        DE
        N
        
        2
        
          
            
              Deutsche Bank Aktiengesellschaft
              7LTWFZYICNSX8D621K86
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-12-20
            14134.29000000
            USD
            0.00000000
            USD
            15570000.00000000
            USD
            -183339.71000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD CAD
        000000000
        
          
        
        1.00000000
        NC
        
        14431.81000000
        0.001149328184
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1667457.43000000
            CAD
            1267156.39000000
            USD
            2020-12-16
            14431.81000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD ZAR
        000000000
        
          
        
        1.00000000
        NC
        
        1856.02000000
        0.000147810711
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            22174056.53000000
            ZAR
            1313309.95000000
            USD
            2020-12-17
            1856.02000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD PLN
        000000000
        
          
        
        1.00000000
        NC
        
        20172.14000000
        0.001606479648
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            9876072.30000000
            PLN
            2575744.03000000
            USD
            2020-12-16
            20172.14000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD TWD
        000000000
        
          
        
        1.00000000
        NC
        
        -41996.08000000
        -0.00334450622
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            125165957.20000000
            TWD
            4305674.48000000
            USD
            2020-11-09
            -41996.08000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED NOK / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -234433.96000000
        -0.01866997678
        N/A
        DFE
        
        NO
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            7498532.82000000
            USD
            67740995.60000000
            NOK
            2020-12-16
            -234433.96000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Guatemala
        529900QKDFFU9UWW5315
        Guatemala Government Bond
        000000000
        
          
        
        5430000.00000000
        PA
        USD
        5798221.88000000
        0.461761887697
        Long
        DBT
        NUSS
        GT
        N
        
        2
        
          2026-05-03
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dominican Republic
        254900EHU7Q8FGVPI369
        Dominican Republic International Bond
        25714PCW6
        
          
        
        4740000.00000000
        PA
        USD
        4994775.00000000
        0.397776556392
        Long
        DBT
        NUSS
        DO
        N
        
        2
        
          2045-01-27
          Fixed
          6.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROMANIA
        315700IASY927EDWBK92
        Romanian Government International Bond
        000000000
        
          
        
        2270000.00000000
        PA
        
        2622370.79000000
        0.208841764129
        Long
        DBT
        NUSS
        RO
        N
        
        2
        
          2032-01-28
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Deutsche Bank Aktiengesellschaft
        7LTWFZYICNSX8D621K86
        Long: CS005531  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005531  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        3800000.00000000
        OU
        Notional Amount
        USD
        -24902.16000000
        -0.00198317150
        N/A
        DCR
        
        DE
        N
        
        2
        
          
            
              Deutsche Bank Aktiengesellschaft
              7LTWFZYICNSX8D621K86
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            0.00000000
            USD
            -1625.20000000
            USD
            3800000.00000000
            USD
            -23276.96000000
          
        
        
          N
          N
          N
        
      
      
        Dominican Republic
        254900EHU7Q8FGVPI369
        Dominican Republic International Bond
        000000000
        
          
        
        6599000.00000000
        PA
        USD
        6953696.25000000
        0.553782172074
        Long
        DBT
        NUSS
        DO
        N
        
        2
        
          2045-01-27
          Fixed
          6.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TURKIYE VAKIFLAR BANKASI
        789000KAIHOLSQKQ9858
        Turkiye Vakiflar Bankasi TAO
        90015WAH6
        
          
        
        1090000.00000000
        PA
        USD
        1092725.00000000
        0.087023016569
        Long
        DBT
        CORP
        TR
        N
        
        2
        
          2024-03-28
          Fixed
          8.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of South Africa
        378900AAFB4F17004C49
        Republic of South Africa Government International Bond
        836205AP9
        
          
        
        1180000.00000000
        PA
        USD
        1130587.50000000
        0.090038330545
        Long
        DBT
        NUSS
        ZA
        N
        
        2
        
          2041-03-08
          Fixed
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD ZAR
        000000000
        
          
        
        1.00000000
        NC
        
        -13886.29000000
        -0.00110588377
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            21923632.56000000
            ZAR
            1282756.66000000
            USD
            2020-12-17
            -13886.29000000
          
        
        
          N
          N
          N
        
      
      
        Russian Federation
        5493004EHVGF71PDBU58
        Russian Foreign Bond - Eurobond
        000000000
        
          
        
        1800000.00000000
        PA
        USD
        2206125.00000000
        0.175692559819
        Long
        DBT
        NUSS
        RU
        N
        
        2
        
          2035-03-28
          Fixed
          5.10000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005695  CDS USD R F  1.00000 2 CORPORATE / Short: CS005695  CDS USD P V 03MEVENT 1 CORPORATE
        000000000
        
          
        
        3940000.00000000
        OU
        Notional Amount
        USD
        20395.02000000
        0.001624229484
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                Colombia Government International Bond
                Colombia Government International Bond
                
                  
                  
                
              
            
            Y
            
            sell protection
            2022-12-20
            0.00000000
            USD
            0.00000000
            USD
            3940000.00000000
            USD
            20395.02000000
          
        
        
          N
          N
          N
        
      
      
        PETROBRAS GLOBAL FINANCE
        549300FNENFFSMO3GT38
        Petrobras Global Finance BV
        71647NAY5
        
          
        
        2510000.00000000
        PA
        USD
        2779323.00000000
        0.221341207970
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2028-01-27
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD AUD
        000000000
        
          
        
        1.00000000
        NC
        
        -22690.55000000
        -0.00180704212
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1784067.69000000
            AUD
            1255419.89000000
            USD
            2020-12-16
            -22690.55000000
          
        
        
          N
          N
          N
        
      
      
        Arab Republic of Egypt
        529900GFIVH4086NMH82
        Egypt Government International Bond
        000000000
        
          
        
        990000.00000000
        PA
        USD
        963393.75000000
        0.076723265477
        Long
        DBT
        NUSS
        EG
        N
        
        2
        
          2049-03-01
          Fixed
          8.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ARAB REPUBLIC OF EGYPT
        529900GFIVH4086NMH82
        Egypt Government International Bond
        03846JX54
        
          
        
        8180000.00000000
        PA
        USD
        7975500.00000000
        0.635157124296
        Long
        DBT
        NUSS
        EG
        N
        
        2
        
          2032-05-29
          Fixed
          7.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROMANIA
        315700IASY927EDWBK92
        Romanian Government International Bond
        000000000
        
          
        
        390000.00000000
        PA
        
        485262.31000000
        0.038645578753
        Long
        DBT
        NUSS
        RO
        N
        
        2
        
          2038-02-08
          Fixed
          3.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED RUB / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -51445.01000000
        -0.00409700515
        N/A
        DFE
        
        RU
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1315751.07000000
            USD
            98650936.40000000
            RUB
            2020-11-17
            -51445.01000000
          
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase Bank, National Association
        7H6GLXDRUGQFU57RNE97
        Long: CS005454  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005454  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        2350000.00000000
        OU
        Notional Amount
        USD
        -4748.41000000
        -0.00037815640
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              JPMorgan Chase Bank, National Association
              7H6GLXDRUGQFU57RNE97
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2020-12-20
            582.69000000
            USD
            0.00000000
            USD
            2350000.00000000
            USD
            -5331.10000000
          
        
        
          N
          N
          N
        
      
      
        HONDURAS GOVERNMENT
        5493002DW1JNBNG17615
        Honduras Government International Bond
        438180AJ0
        
          
        
        1170000.00000000
        PA
        USD
        1252265.63000000
        0.099728598383
        Long
        DBT
        NUSS
        HN
        N
        
        2
        
          2030-06-24
          Fixed
          5.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED ZAR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -30377.54000000
        -0.00241922273
        N/A
        DFE
        
        ZA
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1310280.27000000
            USD
            21640588.94000000
            ZAR
            2020-12-17
            -30377.54000000
          
        
        
          N
          N
          N
        
      
      
        Petroleos Mexicanos
        549300CAZKPF4HKMPX17
        Petroleos Mexicanos
        71654QBX9
        
          
        
        1940000.00000000
        PA
        USD
        1375217.50000000
        0.109520305006
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2046-01-23
          Fixed
          5.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD CHF
        000000000
        
          
        
        1.00000000
        NC
        
        50962.22000000
        0.004058556467
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            3294318.80000000
            CHF
            3636245.91000000
            USD
            2020-12-16
            50962.22000000
          
        
        
          N
          N
          N
        
      
      
        UKRAINE GOVERNMENT
        6354001WLTJXOMEXPY07
        Ukraine Government International Bond
        000000000
        
          
        
        2430000.00000000
        PA
        USD
        2430000.00000000
        0.193521636516
        Long
        DBT
        NUSS
        UA
        N
        
        2
        
          2025-09-01
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MHP Lux SA
        222100RHC7R1WZ1J3M44
        MHP Lux SA
        000000000
        
          
        
        380000.00000000
        PA
        USD
        381662.50000000
        0.030395041809
        Long
        DBT
        CORP
        LU
        
        N
        
        2
        
          2026-04-03
          Fixed
          6.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF EL SALVADOR
        529900AKDMUSFSDOM949
        El Salvador Government International Bond
        000000000
        
          
        
        150000.00000000
        PA
        USD
        141984.38000000
        0.011307427809
        Long
        DBT
        NUSS
        SV
        N
        
        2
        
          2052-07-15
          Fixed
          9.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF INDONESIA
        529900FWX0GRR7WG5W79
        Indonesia Government International Bond
        000000000
        
          
        
        1550000.00000000
        PA
        
        1774136.34000000
        0.141289616428
        Long
        DBT
        NUSS
        ID
        N
        
        2
        
          2027-02-14
          Fixed
          0.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD AUD
        000000000
        
          
        
        1.00000000
        NC
        
        20117.96000000
        0.001602164832
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1793434.27000000
            AUD
            1304938.64000000
            USD
            2020-12-16
            20117.96000000
          
        
        
          N
          N
          N
        
      
      
        GAZPROM (GAZ CAPITAL SA)
        213800568PRHV2JR9650
        Gazprom PJSC Via Gaz Capital SA
        000000000
        
          
        
        410000.00000000
        PA
        USD
        615640.63000000
        0.049028716964
        Long
        DBT
        CORP
        LU
        
        N
        
        2
        
          2034-04-28
          Fixed
          8.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        The Federal Republic of Nigeria
        549300GSBZD84TNEQ285
        Nigeria Government International Bond
        000000000
        
          
        
        8390000.00000000
        PA
        USD
        7999340.63000000
        0.637055757108
        Long
        DBT
        NUSS
        NG
        N
        
        2
        
          2032-02-16
          Fixed
          7.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        IQIYI INC
        222100XL8T2Q5B8MS302
        iQIYI Inc
        46267XAD0
        
          
        
        240000.00000000
        PA
        USD
        230340.00000000
        0.018343939817
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2025-04-01
          Fixed
          2.00000000
          N
          N
          N
          N
          Y
          
            
              iQIYI Inc
              iQIYI Inc
              USD
              
                
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF EL SALVADOR
        529900AKDMUSFSDOM949
        El Salvador Government International Bond
        283875CB6
        
          
        
        5670000.00000000
        PA
        USD
        5367009.38000000
        0.427420756551
        Long
        DBT
        NUSS
        SV
        N
        
        2
        
          2052-07-15
          Fixed
          9.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED GBP / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        N/A
        5294.18000000
        0.000421620731
        N/A
        DFE
        
        GB
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1220185.55000000
            EUR
            1114212.43000000
            GBP
            2020-12-16
            5294.18000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Turkey
        5493000PCHOG3B6S3Q85
        Turkey Government International Bond
        900123CM0
        
          
        
        7640000.00000000
        PA
        USD
        6073800.00000000
        0.483708525052
        Long
        DBT
        NUSS
        TR
        N
        
        2
        
          2047-05-11
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED TRY / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -114441.96000000
        -0.00911398987
        N/A
        DFE
        
        TR
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1285037.94000000
            USD
            9092517.25000000
            TRY
            2020-10-23
            -114441.96000000
          
        
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Long: SS005870  CDS USD R F  1.00000 2 CCPCORPORATE / Short: SS005870  CDS USD P V 03MEVENT 1 CCPCORPORATE
        000000000
        
          
        
        16310000.00000000
        OU
        Notional Amount
        USD
        274326.05000000
        0.021846924335
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Intercontinental Exchange, Inc.
              5493000F4ZO33MV32P92
            
            
              
                Peruvian Government International Bond
                Peruvian Government International Bond
                
                  
                  
                
              
            
            Y
            
            sell protection
            2024-06-20
            222627.54000000
            USD
            0.00000000
            USD
            16310000.00000000
            USD
            51698.51000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Ghana
        213800PP4399SNNXZ126
        Ghana Government International Bond
        374422AH6
        
          
        
        210000.00000000
        PA
        USD
        176465.63000000
        0.014053463994
        Long
        DBT
        NUSS
        GH
        N
        
        2
        
          2049-06-16
          Fixed
          8.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dominican Republic
        254900EHU7Q8FGVPI369
        Dominican Republic International Bond
        25714PEB0
        
          
        
        3490000.00000000
        PA
        USD
        3499815.63000000
        0.278720184454
        Long
        DBT
        NUSS
        DO
        N
        
        2
        
          2049-06-05
          Fixed
          6.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Turkey
        5493000PCHOG3B6S3Q85
        Turkey Government International Bond
        900123BJ8
        
          
        
        2300000.00000000
        PA
        USD
        1907562.50000000
        0.151915480147
        Long
        DBT
        NUSS
        TR
        N
        
        2
        
          2041-01-14
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase Bank, National Association
        7H6GLXDRUGQFU57RNE97
        Long: CS005694  CDS USD R F  1.00000 2 CORPORATE / Short: CS005694  CDS USD P V 03MEVENT 1 CORPORATE
        000000000
        
          
        
        3600000.00000000
        OU
        Notional Amount
        USD
        18635.04000000
        0.001484067258
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              JPMorgan Chase Bank, National Association
              7H6GLXDRUGQFU57RNE97
            
            
              
                Colombia Government International Bond
                Colombia Government International Bond
                
                  
                  
                
              
            
            Y
            
            sell protection
            2022-12-20
            737.96000000
            USD
            0.00000000
            USD
            3600000.00000000
            USD
            17897.08000000
          
        
        
          N
          N
          N
        
      
      
        DEBT AND ASSET TRADING C
        N/A
        Viet Nam Debt & Asset Trading Corp
        000000000
        
          
        
        4680000.00000000
        PA
        USD
        3776175.00000000
        0.300729039413
        Long
        DBT
        NUSS
        VN
        N
        
        2
        
          2025-10-10
          Fixed
          1.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Paraguay
        529900UXKJTJPCU0HK83
        Paraguay Government International Bond
        699149AC4
        
          
        
        3930000.00000000
        PA
        USD
        4478971.88000000
        0.356698752317
        Long
        DBT
        NUSS
        PY
        N
        
        2
        
          2026-04-15
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lebanese Republic
        529900QPC4K9S1KHL354
        Lebanon Government International Bond
        000000000
        
          
        
        1820000.00000000
        PA
        USD
        273000.00000000
        0.021741319658
        Long
        DBT
        NUSS
        LB
        N
        
        2
        
          2035-11-02
          None
          0.00000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        MEXICO CITY ARPT TRUST
        N/A
        Mexico City Airport Trust
        000000000
        
          
        
        722000.00000000
        PA
        USD
        580533.13000000
        0.046232807148
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2046-10-31
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD KRW
        000000000
        
          
        
        1.00000000
        NC
        
        -23679.41000000
        -0.00188579348
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1562525279.00000000
            KRW
            1316376.11000000
            USD
            2020-11-02
            -23679.41000000
          
        
        
          N
          N
          N
        
      
      
        LCH Limited
        F226TOH6YD6XJB17KS62
        Long: BR214839  IRS PLN R V 03MWIBOR 1 CCPZERO / Short: BR214839  IRS PLN P F   .25000 2 CCPZERO
        000000000
        
          
        
        243090000.00000000
        OU
        Notional Amount
        
        -57989.68000000
        -0.00461821307
        N/A
        DIR
        
        US
        N
        
        2
        
          
            
              LCH Limited
              F226TOH6YD6XJB17KS62
            
            
              
                N/A
                N/A
                
                  
                
              
            
            Y
            
              
                
              
            
            
            2021-12-16
            0.00000000
            PLN
            -45207.35000000
            PLN
            243090000.00000000
            PLN
            -45852.52000000
          
        
        
          N
          N
          N
        
      
      
        SAUDI INTERNATIONAL BOND
        635400FMICXSM3SI3H65
        Saudi Government International Bond
        000000000
        
          
        
        410000.00000000
        PA
        USD
        443825.00000000
        0.035345572151
        Long
        DBT
        NUSS
        SA
        N
        
        2
        
          2055-01-21
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ZHENRO PROPERTIES GROUP
        549300I66TVJEL841P38
        Zhenro Properties Group Ltd
        000000000
        
          
        
        380000.00000000
        PA
        USD
        383325.00000000
        0.030527440871
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2024-03-10
          Fixed
          8.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Chicago Mercantile Exchange
        SNZ2OJLFK8MNNCLQOF39
        Long: SR214655  IRS BRL R F  4.93000 2 CCPNDFPREDISWAP / Short: SR214655  IRS BRL P V 00MBRCDI 1 CCPNDFPREDISWAP
        000000000
        
          
        
        73355000.00000000
        OU
        Notional Amount
        
        -136618.03000000
        -0.01088005956
        N/A
        DIR
        
        US
        N
        
        2
        
          
            
              Chicago Mercantile Exchange
              SNZ2OJLFK8MNNCLQOF39
            
            
              
                N/A
                N/A
                
                  
                
              
            
            Y
            
            
              
                
              
            
            2024-01-02
            65128.42000000
            BRL
            0.00000000
            BRL
            73355000.00000000
            BRL
            -148745.57000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Turkey
        5493000PCHOG3B6S3Q85
        Turkey Government International Bond
        900123CL2
        
          
        
        4780000.00000000
        PA
        USD
        4573862.50000000
        0.364255702141
        Long
        DBT
        NUSS
        TR
        N
        
        2
        
          2027-03-25
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Deutsche Bank Aktiengesellschaft
        7LTWFZYICNSX8D621K86
        Long: CS005518  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005518  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        6640000.00000000
        OU
        Notional Amount
        USD
        -43513.25000000
        -0.00346533141
        N/A
        DCR
        
        DE
        N
        
        2
        
          
            
              Deutsche Bank Aktiengesellschaft
              7LTWFZYICNSX8D621K86
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            2254.26000000
            USD
            0.00000000
            USD
            6640000.00000000
            USD
            -45767.51000000
          
        
        
          N
          N
          N
        
      
      
        TAJIKISTAN INT BOND
        529900W1LSYUF3CYVU10
        Republic of Tajikistan International Bond
        000000000
        
          
        
        710000.00000000
        PA
        USD
        571771.88000000
        0.045535074046
        Long
        DBT
        NUSS
        TJ
        N
        
        2
        
          2027-09-14
          Fixed
          7.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PETROLEOS DE VENEZUELA S
        549300YWR8TN1OFD4P06
        Petroleos de Venezuela SA
        000000000
        
          
        
        1650000.00000000
        PA
        USD
        45375.00000000
        0.003613598459
        Long
        DBT
        CORP
        VE
        N
        
        2
        
          2027-04-12
          Fixed
          5.38000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD GBP
        000000000
        
          
        
        1.00000000
        NC
        
        -1126.81000000
        -0.00008973749
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1046095.56000000
            GBP
            1349400.51000000
            USD
            2020-12-16
            -1126.81000000
          
        
        
          N
          N
          N
        
      
      
        Deutsche Bank Aktiengesellschaft
        7LTWFZYICNSX8D621K86
        Long: CS005488  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005488  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        3070000.00000000
        OU
        Notional Amount
        USD
        -20118.32000000
        -0.00160219350
        N/A
        DCR
        
        DE
        N
        
        2
        
          
            
              Deutsche Bank Aktiengesellschaft
              7LTWFZYICNSX8D621K86
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            4751.32000000
            USD
            0.00000000
            USD
            3070000.00000000
            USD
            -24869.64000000
          
        
        
          N
          N
          N
        
      
      
        ROMANIA
        315700IASY927EDWBK92
        Romanian Government International Bond
        000000000
        
          
        
        900000.00000000
        PA
        
        1074989.89000000
        0.085610618416
        Long
        DBT
        NUSS
        RO
        N
        
        2
        
          2050-01-28
          Fixed
          3.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANCO SANTANDER MEXICO
        SCRYQ25DTVRHYYMM6P89
        Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand
        000000000
        
          
        
        330000.00000000
        PA
        USD
        347221.88000000
        0.027652241338
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2022-11-09
          Fixed
          4.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        
        12178.81000000
        0.000969902568
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            835864.49000000
            EUR
            992997.82000000
            USD
            2020-11-09
            12178.81000000
          
        
        
          N
          N
          N
        
      
      
        LEVIATHAN BOND LTD
        254900D9T8VKYVQNZ220
        Leviathan Bond Ltd
        000000000
        
          
        
        3350000.00000000
        PA
        USD
        3450496.32000000
        0.274792466930
        Long
        DBT
        CORP
        IL
        N
        
        2
        
          2023-06-30
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Uzbekistan
        213800L6VDKUM3TCM927
        Republic of Uzbekistan Bond
        91822Q2A4
        
          
        
        1460000.00000000
        PA
        USD
        1623793.75000000
        0.129316553031
        Long
        DBT
        NUSS
        UZ
        N
        
        2
        
          2029-02-20
          Fixed
          5.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED EUR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -32677.25000000
        -0.00260236827
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            3402307.72000000
            USD
            2871635.27000000
            EUR
            2020-11-09
            -32677.25000000
          
        
        
          N
          N
          N
        
      
      
        SAUDI INTERNATIONAL BOND
        635400FMICXSM3SI3H65
        Saudi Government International Bond
        80413TAU3
        
          
        
        8270000.00000000
        PA
        USD
        10257384.38000000
        0.816883050041
        Long
        DBT
        NUSS
        SA
        N
        
        2
        
          2060-04-22
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lebanese Republic
        529900QPC4K9S1KHL354
        Lebanon Government International Bond
        000000000
        
          
        
        270000.00000000
        PA
        USD
        40500.00000000
        0.003225360608
        Long
        DBT
        NUSS
        LB
        N
        
        2
        
          2026-11-27
          None
          0.00000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLICA ORIENT URUGUAY
        549300RDR012H2V82H43
        Uruguay Government International Bond
        917288BK7
        
          
        
        350000.00000000
        PA
        USD
        416171.88000000
        0.033143318226
        Long
        DBT
        NUSS
        UY
        N
        
        2
        
          2031-01-23
          Fixed
          4.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005448  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005448  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        1290000.00000000
        OU
        Notional Amount
        USD
        -2606.57000000
        -0.00020758341
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2020-12-20
            665.04000000
            USD
            0.00000000
            USD
            1290000.00000000
            USD
            -3271.61000000
          
        
        
          N
          N
          N
        
      
      
        CROATIA
        74780000O00QGQ7CER13
        Croatia Government International Bond
        000000000
        
          
        
        6160000.00000000
        PA
        
        7493126.51000000
        0.596741606931
        Long
        DBT
        NUSS
        HR
        N
        
        2
        
          2031-06-17
          Fixed
          1.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED GBP / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        N/A
        11268.55000000
        0.000897410797
        N/A
        DFE
        
        GB
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            709870.64000000
            EUR
            654561.07000000
            GBP
            2020-12-16
            11268.55000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED JPY / SOLD AUD
        000000000
        
          
        
        1.00000000
        NC
        N/A
        29390.60000000
        0.002340624284
        N/A
        DFE
        
        JP
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1794465.93000000
            AUD
            138529180.00000000
            JPY
            2020-12-16
            29390.60000000
          
        
        
          N
          N
          N
        
      
      
        UKRAINE GOVERNMENT
        6354001WLTJXOMEXPY07
        Ukraine Government International Bond
        000000000
        
          
        
        210000.00000000
        PA
        USD
        197268.75000000
        0.015710193964
        Long
        DBT
        NUSS
        UA
        N
        
        2
        
          2032-09-25
          Fixed
          7.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Long: SX002997  CDS USD R F  1.00000 2 CCPCDX / Short: SX002997  CDS USD P V 03MEVENT 1 CCPCDX
        000000000
        
          
        
        13540000.00000000
        OU
        Notional Amount
        USD
        -858423.81000000
        -0.06836361338
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Intercontinental Exchange, Inc.
              5493000F4ZO33MV32P92
            
            
              
                Markit CDX.EM.S34.V1
                2I65BZDZ2
              
            
            Y
            
            sell protection
            2025-12-20
            0.00000000
            USD
            -862749.17000000
            USD
            13540000.00000000
            USD
            4325.36000000
          
        
        
          N
          N
          N
        
      
      
        Chicago Board of Trade
        549300EX04Q2QBFQTQ27
        US 10YR NOTE (CBT)DEC20 XCBT 20201221
        000000000
        
          
        
        423.00000000
        NC
        USD
        126972.79000000
        0.010111926795
        N/A
        DIR
        
        US
        N
        
        1
        
          
            
              Chicago Board of Trade
              549300EX04Q2QBFQTQ27
            
            Long
            
              
                10 Year US Treasury Note
                TYZ0 Comdty
              
            
            2020-12-21
            58881527.21000000
            USD
            126972.79000000
          
        
        
          N
          N
          N
        
      
      
        HUARONG FINANCE 2019
        549300M6T6OW4AGYHK10
        Huarong Finance 2019 Co Ltd
        000000000
        
          
        
        1900000.00000000
        PA
        USD
        1888125.00000000
        0.150367506151
        Long
        DBT
        CORP
        VG
        
        N
        
        2
        
          2030-02-24
          Fixed
          3.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HSBC BANK PLC
        MP6I5ZYZBEU3UXPYFY54
        HSBC Bank PLC
        000000000
        
          
        
        79450000.00000000
        PA
        
        4867742.50000000
        0.387659874379
        Long
        SN
        CORP
        GB
        N
        
        2
        
          2021-01-07
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Petroleos Mexicanos
        549300CAZKPF4HKMPX17
        Petroleos Mexicanos
        000000000
        
          
        
        13560000.00000000
        PA
        
        15923260.23000000
        1.268105093989
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2023-03-15
          Fixed
          5.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Turkey
        5493000PCHOG3B6S3Q85
        Turkey Government International Bond
        900123CK4
        
          
        
        1200000.00000000
        PA
        USD
        1094625.00000000
        0.087174329782
        Long
        DBT
        NUSS
        TR
        N
        
        2
        
          2026-10-09
          Fixed
          4.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        RUSSIAN FEDERATION
        5493004EHVGF71PDBU58
        Russian Foreign Bond - Eurobond
        X5424XCA4
        
          
        
        3200000.00000000
        PA
        USD
        3676800.00000000
        0.292814960142
        Long
        DBT
        NUSS
        RU
        N
        
        2
        
          2029-03-21
          Fixed
          4.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED INR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        3540.05000000
        0.000281924390
        N/A
        DFE
        
        IN
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1346983.70000000
            USD
            99620503.35000000
            INR
            2020-10-28
            3540.05000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED EUR / SOLD SEK
        000000000
        
          
        
        1.00000000
        NC
        N/A
        10976.18000000
        0.000874126879
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            11056953.56000000
            SEK
            1061535.48000000
            EUR
            2020-12-16
            10976.18000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ARGENTINA
        549300KPBYGYF7HCHO27
        Argentine Republic Government International Bond
        000000000
        
          
        
        120088.00000000
        PA
        
        57165.40000000
        0.004552568625
        Long
        DBT
        NUSS
        AR
        N
        
        2
        
          2029-07-09
          Fixed
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD JPY
        000000000
        
          
        
        1.00000000
        NC
        
        -15040.57000000
        -0.00119780893
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            278808458.00000000
            JPY
            2631472.50000000
            USD
            2020-12-16
            -15040.57000000
          
        
        
          N
          N
          N
        
      
      
        BANCO DO BRASIL (CAYMAN)
        QE0Q0253K88YAGNPE356
        Banco do Brasil SA/Cayman
        000000000
        
          
        
        5210000.00000000
        PA
        USD
        4877862.50000000
        0.388465816339
        Long
        DBT
        CORP
        BR
        N
        
        2
        
          2024-04-15
          Fixed
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED TWD / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        27963.56000000
        0.002226976911
        N/A
        DFE
        
        TW
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            2730829.23000000
            USD
            79423437.29000000
            TWD
            2020-11-09
            27963.56000000
          
        
        
          N
          N
          N
        
      
      
        YUZHOU GROUP
        213800MP59KHGJSPHE82
        Yuzhou Group Holdings Co Ltd
        000000000
        
          
        
        970000.00000000
        PA
        USD
        974850.00000000
        0.077635624427
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2025-02-20
          Fixed
          7.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KINGDOM OF BAHRAIN
        549300RODM1WN85LFQ95
        Bahrain Government International Bond
        05675M2C7
        
          
        
        8530000.00000000
        PA
        USD
        9359009.38000000
        0.745337782467
        Long
        DBT
        NUSS
        BH
        N
        
        2
        
          2030-05-14
          Fixed
          7.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Belarus
        635400CVCOWYLHF4ZB08
        Republic of Belarus International Bond
        000000000
        
          
        
        1340000.00000000
        PA
        USD
        1249131.25000000
        0.099478980956
        Long
        DBT
        NUSS
        BY
        N
        
        2
        
          2030-02-28
          Fixed
          6.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TRINIDAD & TOBAGO
        N/A
        Trinidad & Tobago Government International Bond
        896292AK5
        
          
        
        1560000.00000000
        PA
        USD
        1534650.00000000
        0.122217275506
        Long
        DBT
        NUSS
        TT
        N
        
        2
        
          2030-06-26
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NE Property BV
        7245006AG9J70KOIJH36
        NE Property BV
        000000000
        
          
        
        980000.00000000
        PA
        
        1121712.01000000
        0.089331499537
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2024-11-23
          Fixed
          1.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED INR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        28527.28000000
        0.002271870745
        N/A
        DFE
        
        IN
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1275522.83000000
            USD
            96192406.25000000
            INR
            2020-10-28
            28527.28000000
          
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase Bank, National Association
        7H6GLXDRUGQFU57RNE97
        Long: CS005457  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005457  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        7960000.00000000
        OU
        Notional Amount
        USD
        -16083.98000000
        -0.00128090458
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              JPMorgan Chase Bank, National Association
              7H6GLXDRUGQFU57RNE97
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2020-12-20
            618.01000000
            USD
            0.00000000
            USD
            7960000.00000000
            USD
            -16701.99000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        
        165238.73000000
        0.013159370142
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            15471326.52000000
            EUR
            18319582.26000000
            USD
            2020-11-09
            165238.73000000
          
        
        
          N
          N
          N
        
      
      
        PETRONAS CAPITAL LTD
        549300G7YFX3540OYR85
        Petronas Capital Ltd
        716743AR0
        
          
        
        4410000.00000000
        PA
        USD
        5656199.85000000
        0.450451461497
        Long
        DBT
        CORP
        MY
        N
        
        2
        
          2050-04-21
          Fixed
          4.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD TWD
        000000000
        
          
        
        1.00000000
        NC
        
        -11460.72000000
        -0.00091271493
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            38204169.64000000
            TWD
            1315570.58000000
            USD
            2020-11-09
            -11460.72000000
          
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005397  CDS USD R F  1.00000 2 CORPORATE / Short: CS005397  CDS USD P V 03MEVENT 1 CORPORATE
        000000000
        
          
        
        1520000.00000000
        OU
        Notional Amount
        USD
        2964.76000000
        0.000236109138
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                Chile Government International Bond
                Chile Government International Bond
                
                  
                  
                
              
            
            Y
            
            sell protection
            2020-12-20
            0.00000000
            USD
            -969.06000000
            USD
            1520000.00000000
            USD
            3933.82000000
          
        
        
          N
          N
          N
        
      
      
        BANCO DO BRASIL (CAYMAN)
        QE0Q0253K88YAGNPE356
        Banco do Brasil SA/Cayman
        000000000
        
          
        
        6880000.00000000
        PA
        USD
        7430400.00000000
        0.591746159660
        Long
        DBT
        CORP
        BR
        N
        
        2
        
          2024-06-18
          Fixed
          9.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Samarco Mineracao SA
        529900U8HKV15GJC4O60
        Samarco Mineracao SA
        000000000
        
          
        
        3185000.00000000
        PA
        USD
        1688050.00000000
        0.134433826552
        Long
        DBT
        CORP
        BR
        N
        
        2
        
          2022-11-01
          None
          0.00000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        UKRAINE GOVERNMENT
        6354001WLTJXOMEXPY07
        Ukraine Government International Bond
        000000000
        
          
        
        1900000.00000000
        PA
        USD
        2050812.50000000
        0.163323700077
        Long
        DBT
        NUSS
        UA
        N
        
        2
        
          2028-11-01
          Fixed
          9.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD INR
        000000000
        
          
        
        1.00000000
        NC
        
        -62942.32000000
        -0.00501263406
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            195689687.05000000
            INR
            2589961.05000000
            USD
            2020-10-28
            -62942.32000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Sri Lanka
        254900HXCCIOHM74FA02
        Sri Lanka Government International Bond
        85227SAW6
        
          
        
        1690000.00000000
        PA
        USD
        1144446.88000000
        0.091142071244
        Long
        DBT
        NUSS
        LK
        N
        
        2
        
          2028-04-18
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Eterna Capital Pte Ltd
        N/A
        Eterna Capital Pte Ltd
        000000000
        
          
        
        394157.00000000
        PA
        USD
        106915.09000000
        0.008514560981
        Long
        DBT
        CORP
        SG
        
        N
        
        2
        
          2022-12-11
          Fixed
          8.00000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        HONDURAS GOVERNMENT
        5493002DW1JNBNG17615
        Honduras Government International Bond
        000000000
        
          
        
        1120000.00000000
        PA
        USD
        1216950.00000000
        0.096916113398
        Long
        DBT
        NUSS
        HN
        N
        
        2
        
          2024-03-15
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UKRAINE GOVERNMENT
        6354001WLTJXOMEXPY07
        Ukraine Government International Bond
        000000000
        
          
        
        5890000.00000000
        PA
        USD
        5984240.00000000
        0.476576097987
        Long
        DBT
        NUSS
        UA
        N
        
        2
        
          2023-09-01
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Colombia
        549300MHDRBVRF6B9117
        Colombia Government International Bond
        195325DQ5
        
          
        
        640000.00000000
        PA
        USD
        773200.00000000
        0.061576514137
        Long
        DBT
        NUSS
        CO
        N
        
        2
        
          2049-05-15
          Fixed
          5.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED EUR / SOLD PLN
        000000000
        
          
        
        1.00000000
        NC
        N/A
        1095.10000000
        0.000087212158
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            4931833.72000000
            PLN
            1087456.72000000
            EUR
            2020-12-16
            1095.10000000
          
        
        
          N
          N
          N
        
      
      
        PANAMA NOTAS DEL TESORO
        549300SHS4T08CL0LP14
        Panama Notas del Tesoro
        000000000
        
          
        
        2740000.00000000
        PA
        USD
        2933512.50000000
        0.233620633639
        Long
        DBT
        NUSS
        PA
        N
        
        2
        
          2026-04-17
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF SRI LANKA
        254900HXCCIOHM74FA02
        Sri Lanka Government International Bond
        85227SBB1
        
          
        
        5240000.00000000
        PA
        USD
        3537000.00000000
        0.281681493152
        Long
        DBT
        NUSS
        LK
        N
        
        2
        
          2030-03-28
          Fixed
          7.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED INR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        189.08000000
        0.000015058053
        N/A
        DFE
        
        IN
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1309354.36000000
            USD
            96597617.91000000
            INR
            2020-10-28
            189.08000000
          
        
        
          N
          N
          N
        
      
      
        ROYAL CAPITAL BV
        72450057BWJ6BYW0TI63
        Royal Capital BV
        000000000
        
          
        
        460000.00000000
        PA
        USD
        458850.00000000
        0.036542141117
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2026-02-05
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Long: SS006025  CDS USD R F  1.00000 2 CCPCORPORATE / Short: SS006025  CDS USD P V 03MEVENT 1 CCPCORPORATE
        000000000
        
          
        
        1000000.00000000
        OU
        Notional Amount
        USD
        6619.90000000
        0.000527199128
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Intercontinental Exchange, Inc.
              5493000F4ZO33MV32P92
            
            
              
                Panama Government International Bond
                Panama Government International Bond
                
                  
                  
                
              
            
            Y
            
            sell protection
            2025-12-20
            4115.33000000
            USD
            0.00000000
            USD
            1000000.00000000
            USD
            2504.57000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Paraguay
        529900UXKJTJPCU0HK83
        Paraguay Government International Bond
        000000000
        
          
        
        12098000.00000000
        PA
        USD
        12820099.38000000
        1.020973914538
        Long
        DBT
        NUSS
        PY
        N
        
        2
        
          2023-01-25
          Fixed
          4.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD RUB
        000000000
        
          
        
        1.00000000
        NC
        
        19660.72000000
        0.001565750909
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            98614480.71000000
            RUB
            1283499.57000000
            USD
            2020-11-17
            19660.72000000
          
        
        
          N
          N
          N
        
      
      
        STATE OIL CO OF THE AZER
        2549002HARR1VE257O76
        State Oil Co of the Azerbaijan Republic
        000000000
        
          
        
        1040000.00000000
        PA
        USD
        1232920.00000000
        0.098187940779
        Long
        DBT
        CORP
        AZ
        N
        
        2
        
          2030-03-18
          Fixed
          6.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED EUR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        7714.61000000
        0.000614380227
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1226198.89000000
            USD
            1050538.37000000
            EUR
            2020-12-16
            7714.61000000
          
        
        
          N
          N
          N
        
      
      
        Arab Republic of Egypt
        529900GFIVH4086NMH82
        Egypt Government International Bond
        000000000
        
          
        
        1770000.00000000
        PA
        
        1930618.09000000
        0.153751593525
        Long
        DBT
        NUSS
        EG
        N
        
        2
        
          2031-04-11
          Fixed
          6.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED RUB / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -56936.82000000
        -0.00453436484
        N/A
        DFE
        
        RU
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1295711.93000000
            USD
            96658814.27000000
            RUB
            2020-11-17
            -56936.82000000
          
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase Bank, National Association
        7H6GLXDRUGQFU57RNE97
        Long: CS005514  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005514  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        5290000.00000000
        OU
        Notional Amount
        USD
        -34666.43000000
        -0.00276078364
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              JPMorgan Chase Bank, National Association
              7H6GLXDRUGQFU57RNE97
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            2790.66000000
            USD
            0.00000000
            USD
            5290000.00000000
            USD
            -37457.09000000
          
        
        
          N
          N
          N
        
      
      
        PERUSAHAAN PENERBIT SBSN
        254900G208H6Q0L5B953
        Perusahaan Penerbit SBSN Indonesia III
        71567RAM8
        
          
        
        1460000.00000000
        PA
        USD
        1686300.00000000
        0.134294459118
        Long
        DBT
        NUSS
        ID
        N
        
        2
        
          2029-02-20
          Fixed
          4.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANCO MERCANTIL DE NORTE
        549300QTVYRPFHS0J362
        Banco Mercantil del Norte SA/Grand Cayman
        05971PAB4
        
          
        
        1350000.00000000
        PA
        USD
        1320468.75000000
        0.105160194843
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2029-06-27
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED ZAR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -159737.07000000
        -0.01272122600
        N/A
        DFE
        
        ZA
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            5881164.81000000
            USD
            96612858.38000000
            ZAR
            2020-12-07
            -159737.07000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CNH / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        87818.43000000
        0.006993730983
        N/A
        DFE
        
        CN
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            10910948.37000000
            USD
            75018225.50000000
            CNY
            2020-12-16
            87818.43000000
          
        
        
          N
          N
          N
        
      
      
        AXIATA SPV5 LABUAN LTD
        2549002DHJ9LDV9BRC77
        Axiata Spv5 Labuan Ltd
        000000000
        
          
        
        360000.00000000
        PA
        USD
        337306.79000000
        0.026862618110
        Long
        DBT
        CORP
        MY
        N
        
        2
        
          2050-08-19
          Fixed
          3.06000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OMAN GOV INTERNTL BOND
        549300SZ20F0QTKNQC75
        Oman Government International Bond
        000000000
        
          
        
        400000.00000000
        PA
        USD
        331000.00000000
        0.026360354603
        Long
        DBT
        NUSS
        OM
        N
        
        2
        
          2048-01-17
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        STATE OIL CO OF THE AZER
        2549002HARR1VE257O76
        State Oil Co of the Azerbaijan Republic
        000000000
        
          
        
        400000.00000000
        PA
        USD
        417200.00000000
        0.033225196195
        Long
        DBT
        CORP
        AZ
        N
        
        2
        
          2023-03-13
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ECUADOR
        5299003Y2U5XK0A35H71
        Ecuador Government International Bond
        000000000
        
          
        
        12651936.00000000
        PA
        USD
        6357597.84000000
        0.506309768853
        Long
        DBT
        NUSS
        EC
        N
        
        2
        
          2040-07-31
          Variable
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED AUD / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -92917.88000000
        -0.00739984370
        N/A
        DFE
        
        AU
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            5625122.28000000
            USD
            7722202.09000000
            AUD
            2020-12-16
            -92917.88000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD GBP
        000000000
        
          
        
        1.00000000
        NC
        
        7556.45000000
        0.000601784596
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1928732.44000000
            GBP
            2497583.14000000
            USD
            2020-12-16
            7556.45000000
          
        
        
          N
          N
          N
        
      
      
        DP WORLD CRESCENT LTD
        21380096JRTWB8TL9236
        DP World Crescent Ltd
        000000000
        
          
        
        1390000.00000000
        PA
        USD
        1436912.50000000
        0.114433604334
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2029-07-18
          Fixed
          3.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Gabon
        N/A
        Gabon Government International Bond
        000000000
        
          
        
        1854118.00000000
        PA
        USD
        1745767.98000000
        0.139030401838
        Long
        DBT
        NUSS
        GA
        N
        
        2
        
          2024-12-12
          Fixed
          6.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CEMEX SAB DE CV
        549300RIG2CXWN6IV731
        Cemex SAB de CV
        151290BW2
        
          
        
        400000.00000000
        PA
        USD
        431000.00000000
        0.034324207958
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2027-06-05
          Fixed
          7.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KAZMUNAYGAS NATIONAL CO
        2138001H1M69RFJCSH88
        KazMunayGas National Co JSC
        000000000
        
          
        
        4992000.00000000
        PA
        USD
        5548920.00000000
        0.441907851564
        Long
        DBT
        CORP
        KZ
        N
        
        2
        
          2027-04-19
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PERUSAHAAN PENERBIT SBSN
        254900G208H6Q0L5B953
        Perusahaan Penerbit SBSN Indonesia III
        71567PAK6
        
          
        
        33470000.00000000
        PA
        USD
        38260393.75000000
        3.047001651145
        Long
        DBT
        NUSS
        ID
        N
        
        2
        
          2028-03-01
          Fixed
          4.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED EUR / SOLD CHF
        000000000
        
          
        
        1.00000000
        NC
        N/A
        5912.96000000
        0.000470899463
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1144690.50000000
            CHF
            1065686.87000000
            EUR
            2020-12-16
            5912.96000000
          
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005468  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005468  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        5820000.00000000
        OU
        Notional Amount
        USD
        -38139.62000000
        -0.00303738340
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            7840.03000000
            USD
            0.00000000
            USD
            5820000.00000000
            USD
            -45979.65000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ARGENTINA
        549300KPBYGYF7HCHO27
        Argentine Republic Government International Bond
        040114HX1
        
          
        
        1479348.00000000
        PA
        USD
        670884.32000000
        0.053428243423
        Long
        DBT
        NUSS
        AR
        N
        
        2
        
          2029-07-09
          Fixed
          1.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OMAN GOV INTERNTL BOND
        549300SZ20F0QTKNQC75
        Oman Government International Bond
        000000000
        
          
        
        1430000.00000000
        PA
        USD
        1306662.50000000
        0.104060685339
        Long
        DBT
        NUSS
        OM
        N
        
        2
        
          2026-06-15
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Long: SS006017  CDS USD R F  1.00000 2 CCPCORPORATE / Short: SS006017  CDS USD P V 03MEVENT 1 CCPCORPORATE
        000000000
        
          
        
        2310000.00000000
        OU
        Notional Amount
        USD
        10213.43000000
        0.000813382587
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Intercontinental Exchange, Inc.
              5493000F4ZO33MV32P92
            
            
              
                Saudi Government International Bond
                Saudi Government International Bond
                
                  
                
              
            
            Y
            
            sell protection
            2025-12-20
            92.25000000
            USD
            0.00000000
            USD
            2310000.00000000
            USD
            10121.18000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Kenya
        549300VVURQQYU45PR87
        Kenya Government International Bond
        491798AJ3
        
          
        
        3900000.00000000
        PA
        USD
        3829312.50000000
        0.304960831989
        Long
        DBT
        NUSS
        KE
        N
        
        2
        
          2027-05-22
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Azerbaijan
        549300P74FF45UQVU281
        Republic of Azerbaijan International Bond
        000000000
        
          
        
        8050000.00000000
        PA
        USD
        7738062.50000000
        0.616247949987
        Long
        DBT
        NUSS
        AZ
        N
        
        2
        
          2032-09-01
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BRF SA
        254900MTXR9LUVQFU480
        BRF SA
        000000000
        
          
        
        1590000.00000000
        PA
        USD
        1629088.24000000
        0.129738198450
        Long
        DBT
        CORP
        BR
        N
        
        2
        
          2030-01-24
          Fixed
          4.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GOVT OF BERMUDA
        549300FP5PUZXX9FVJ40
        Bermuda Government International Bond
        085209AG9
        
          
        
        1900000.00000000
        PA
        USD
        1919000.00000000
        0.152826345874
        Long
        DBT
        NUSS
        BM
        N
        
        2
        
          2030-08-20
          Fixed
          2.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MEXICO CITY ARPT TRUST
        N/A
        Mexico City Airport Trust
        000000000
        
          
        
        1409000.00000000
        PA
        USD
        1246965.00000000
        0.099306463983
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2026-10-31
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Ghana
        213800PP4399SNNXZ126
        Ghana Government International Bond
        37443GAB7
        
          
        
        4640000.00000000
        PA
        USD
        4067250.00000000
        0.323909825565
        Long
        DBT
        NUSS
        GH
        N
        
        2
        
          2032-03-26
          Fixed
          8.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PETROLEOS DE VENEZUELA S
        549300YWR8TN1OFD4P06
        Petroleos de Venezuela SA
        000000000
        
          
        
        3387934.00000000
        PA
        USD
        93168.19000000
        0.007419778024
        Long
        DBT
        CORP
        VE
        N
        
        2
        
          2026-11-15
          Fixed
          6.00000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase Bank, National Association
        7H6GLXDRUGQFU57RNE97
        Long: CS005420  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005420  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        1160000.00000000
        OU
        Notional Amount
        USD
        -2343.90000000
        -0.00018666475
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              JPMorgan Chase Bank, National Association
              7H6GLXDRUGQFU57RNE97
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2020-12-20
            642.71000000
            USD
            0.00000000
            USD
            1160000.00000000
            USD
            -2986.61000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED NZD / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        10576.74000000
        0.000842316063
        N/A
        DFE
        
        NZ
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1267613.07000000
            USD
            1932248.63000000
            NZD
            2020-12-16
            10576.74000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD CAD
        000000000
        
          
        
        1.00000000
        NC
        
        22498.85000000
        0.001791775420
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1723254.07000000
            CAD
            1317142.24000000
            USD
            2020-12-16
            22498.85000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Indonesia
        529900FWX0GRR7WG5W79
        Indonesia Government International Bond
        455780CE4
        
          
        
        550000.00000000
        PA
        USD
        633703.13000000
        0.050467187976
        Long
        DBT
        NUSS
        ID
        N
        
        2
        
          2048-01-11
          Fixed
          4.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BOLIVIA GOVERNMENT
        529900TGIRPY3SZXEB56
        Bolivian Government International Bond
        000000000
        
          
        
        200000.00000000
        PA
        USD
        170812.50000000
        0.013603257011
        Long
        DBT
        NUSS
        BO
        N
        
        2
        
          2028-03-20
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OMAN GOV INTERNTL BOND
        549300SZ20F0QTKNQC75
        Oman Government International Bond
        682051AJ6
        
          
        
        4250000.00000000
        PA
        USD
        3516875.00000000
        0.280078767664
        Long
        DBT
        NUSS
        OM
        N
        
        2
        
          2048-01-17
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED EUR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -6032.83000000
        -0.00048044573
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1258727.33000000
            USD
            1066528.27000000
            EUR
            2020-12-16
            -6032.83000000
          
        
        
          N
          N
          N
        
      
      
        MEXICO CITY ARPT TRUST
        N/A
        Mexico City Airport Trust
        59284MAB0
        
          
        
        2190000.00000000
        PA
        USD
        1760896.88000000
        0.140235245249
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2046-10-31
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ANGOLA
        549300QHR2R3J8JSGK83
        Angolan Government International Bond
        035198AE0
        
          
        
        2670000.00000000
        PA
        USD
        2073421.88000000
        0.165124277945
        Long
        DBT
        NUSS
        AO
        N
        
        2
        
          2049-11-26
          Fixed
          9.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROMANIA
        315700IASY927EDWBK92
        Romanian Government International Bond
        77586RAJ9
        
          
        
        5860000.00000000
        PA
        USD
        6030306.25000000
        0.480244746583
        Long
        DBT
        NUSS
        RO
        N
        
        2
        
          2051-02-14
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Yapi ve Kredi Bankasi AS
        B85ZYWEZ5IZCZ2WNIO12
        Yapi ve Kredi Bankasi AS
        000000000
        
          
        
        1820000.00000000
        PA
        USD
        1767106.25000000
        0.140729750370
        Long
        DBT
        CORP
        TR
        N
        
        2
        
          2023-03-16
          Fixed
          6.10000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD NZD
        000000000
        
          
        
        1.00000000
        NC
        
        -14571.71000000
        -0.00116046961
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1953626.55000000
            NZD
            1277759.68000000
            USD
            2020-12-16
            -14571.71000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF TURKEY
        5493000PCHOG3B6S3Q85
        Turkey Government International Bond
        900123CX6
        
          
        
        5380000.00000000
        PA
        USD
        4951281.25000000
        0.394312777924
        Long
        DBT
        NUSS
        TR
        N
        
        2
        
          2025-03-13
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD CLP
        000000000
        
          
        
        1.00000000
        NC
        
        13814.82000000
        0.001100192006
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1009345071.00000000
            CLP
            1300087.55000000
            USD
            2020-11-16
            13814.82000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD COP
        000000000
        
          
        
        1.00000000
        NC
        
        -14843.11000000
        -0.00118208351
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            4686020926.67000000
            COP
            1209295.72000000
            USD
            2020-10-05
            -14843.11000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED COP / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -20995.54000000
        -0.00167205401
        N/A
        DFE
        
        CO
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            521842.57000000
            USD
            1917249602.18000000
            COP
            2020-10-05
            -20995.54000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CNH / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -5085.19000000
        -0.00040497707
        N/A
        DFE
        
        CN
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            2620960.76000000
            USD
            17841849.65000000
            CNY
            2020-12-16
            -5085.19000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CAD / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -12655.36000000
        -0.00100785431
        N/A
        DFE
        
        CA
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1268010.73000000
            USD
            1670959.18000000
            CAD
            2020-12-16
            -12655.36000000
          
        
        
          N
          N
          N
        
      
      
        Embotelladora Andina SA
        254900NNPKP1J9XTSA53
        Embotelladora Andina SA
        29081PAE5
        
          
        
        506000.00000000
        PA
        USD
        556600.00000000
        0.044326807771
        Long
        DBT
        CORP
        CL
        N
        
        2
        
          2023-10-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Yapi ve Kredi Bankasi AS
        B85ZYWEZ5IZCZ2WNIO12
        Yapi ve Kredi Bankasi AS
        000000000
        
          
        
        200000.00000000
        PA
        USD
        188937.50000000
        0.015046705431
        Long
        DBT
        CORP
        TR
        N
        
        2
        
          2024-06-21
          Fixed
          5.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Long: SS006015  CDS USD R F  1.00000 2 CCPCORPORATE / Short: SS006015  CDS USD P V 03MEVENT 1 CCPCORPORATE
        000000000
        
          
        
        7760000.00000000
        OU
        Notional Amount
        USD
        -1478890.71000000
        -0.11777668741
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Intercontinental Exchange, Inc.
              5493000F4ZO33MV32P92
            
            
              
                Turkey Government International Bond
                Turkey Government International Bond
                
                  
                  
                
              
            
            Y
            
            sell protection
            2025-12-20
            0.00000000
            USD
            -1477195.47000000
            USD
            7760000.00000000
            USD
            -1695.24000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED GBP / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        14174.21000000
        0.001128813298
        N/A
        DFE
        
        GB
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1344623.19000000
            USD
            1052501.42000000
            GBP
            2020-12-16
            14174.21000000
          
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005513  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005513  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        4170000.00000000
        OU
        Notional Amount
        USD
        -27326.84000000
        -0.00217626946
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            3397.52000000
            USD
            0.00000000
            USD
            4170000.00000000
            USD
            -30724.36000000
          
        
        
          N
          N
          N
        
      
      
        GRUPO AVAL LTD
        549300J4FW1ELLQ80113
        Grupo Aval Ltd
        40053FAC2
        
          
        
        1530000.00000000
        PA
        USD
        1474767.00000000
        0.117448281202
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2030-02-04
          Fixed
          4.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Corp Lindley SA
        549300XI785GPWS6HA82
        Corp Lindley SA
        21988VAA1
        
          
        
        1222500.00000000
        PA
        USD
        1262995.31000000
        0.100583094363
        Long
        DBT
        CORP
        PE
        N
        
        2
        
          2021-11-23
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of South Africa
        378900AAFB4F17004C49
        Republic of South Africa Government International Bond
        836205AT1
        
          
        
        240000.00000000
        PA
        USD
        242250.00000000
        0.019292434751
        Long
        DBT
        NUSS
        ZA
        N
        
        2
        
          2026-04-14
          Fixed
          4.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005453  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005453  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        2220000.00000000
        OU
        Notional Amount
        USD
        -4485.73000000
        -0.00035723695
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2020-12-20
            687.26000000
            USD
            0.00000000
            USD
            2220000.00000000
            USD
            -5172.99000000
          
        
        
          N
          N
          N
        
      
      
        BANCO MERCANTIL DE NORTE
        549300QTVYRPFHS0J362
        Banco Mercantil del Norte SA/Grand Cayman
        000000000
        
          
        
        200000.00000000
        PA
        USD
        198380.00000000
        0.015798692284
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2028-01-10
          Fixed
          7.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD CLP
        000000000
        
          
        
        1.00000000
        NC
        
        28499.81000000
        0.002269683074
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1004781043.00000000
            CLP
            1308956.31000000
            USD
            2020-11-16
            28499.81000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED JPY / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        16738.30000000
        0.001333013666
        N/A
        DFE
        
        JP
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            2531249.14000000
            USD
            268428846.00000000
            JPY
            2020-12-16
            16738.30000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        
        692822.66000000
        0.055175380649
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            184441836.59000000
            EUR
            217120318.99000000
            USD
            2020-11-09
            692822.66000000
          
        
        
          N
          N
          N
        
      
      
        PETRONAS CAPITAL LTD
        549300G7YFX3540OYR85
        Petronas Capital Ltd
        716743AS8
        
          
        
        1890000.00000000
        PA
        USD
        2599354.80000000
        0.207008804437
        Long
        DBT
        CORP
        MY
        N
        
        2
        
          2060-04-21
          Fixed
          4.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PETROLEOS MEXICANOS
        549300CAZKPF4HKMPX17
        Petroleos Mexicanos
        71654QCK6
        
          
        
        1280000.00000000
        PA
        USD
        1101696.00000000
        0.087737453853
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2028-02-12
          Fixed
          5.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DP World PLC
        549300M3U2DNF4QVSS04
        DP World PLC
        23330JAA9
        
          
        
        290000.00000000
        PA
        USD
        362137.50000000
        0.028840099442
        Long
        DBT
        CORP
        AE
        N
        
        2
        
          2037-07-02
          Fixed
          6.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TENGIZCHEVROIL FIN CO IN
        5493001VEV2XTJIBZH31
        Tengizchevroil Finance Co International Ltd
        88034QAC1
        
          
        
        1500000.00000000
        PA
        USD
        1507500.00000000
        0.120055089320
        Long
        DBT
        CORP
        BM
        
        N
        
        2
        
          2030-08-15
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PTTEP TREASURY CENTER CO
        2549006WFOUPZX6TZG08
        PTTEP Treasury Center Co Ltd
        69371MAE7
        
          
        
        1040000.00000000
        PA
        USD
        1093625.00000000
        0.087094691249
        Long
        DBT
        CORP
        TH
        N
        
        2
        
          2030-01-15
          Fixed
          2.99000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED RUB / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -46437.01000000
        -0.00369817537
        N/A
        DFE
        
        RU
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1314611.06000000
            USD
            98952746.40000000
            RUB
            2020-11-17
            -46437.01000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD MXN
        000000000
        
          
        
        1.00000000
        NC
        
        268797.47000000
        0.021406636331
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            201718521.46000000
            MXN
            9317176.12000000
            USD
            2020-12-10
            268797.47000000
          
        
        
          N
          N
          N
        
      
      
        Eskom Holdings SOC Ltd
        3789001900ED06F65111
        Eskom Holdings SOC Ltd
        000000000
        
          
        
        800000.00000000
        PA
        USD
        729000.00000000
        0.058056490955
        Long
        DBT
        CORP
        ZA
        N
        
        2
        
          2025-02-11
          Fixed
          7.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dominican Republic
        254900EHU7Q8FGVPI369
        Dominican Republic International Bond
        25714PDW5
        
          
        
        11020000.00000000
        PA
        USD
        11112981.25000000
        0.885021530074
        Long
        DBT
        NUSS
        DO
        N
        
        2
        
          2048-02-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED ZAR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        16026.80000000
        0.001276350849
        N/A
        DFE
        
        ZA
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            871868.45000000
            USD
            15012528.47000000
            ZAR
            2020-12-17
            16026.80000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD AUD
        000000000
        
          
        
        1.00000000
        NC
        
        28336.52000000
        0.002256678898
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1790893.19000000
            AUD
            1311336.77000000
            USD
            2020-12-16
            28336.52000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD MXN
        000000000
        
          
        
        1.00000000
        NC
        
        15217.53000000
        0.001211901773
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            28988734.19000000
            MXN
            1314646.05000000
            USD
            2020-12-16
            15217.53000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED NZD / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -15423.46000000
        -0.00122830173
        N/A
        DFE
        
        NZ
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1361012.10000000
            USD
            2033969.08000000
            NZD
            2020-10-09
            -15423.46000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CAD / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -14461.21000000
        -0.00115166955
        N/A
        DFE
        
        CA
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1313493.35000000
            USD
            1729095.78000000
            CAD
            2020-12-16
            -14461.21000000
          
        
        
          N
          N
          N
        
      
      
        Arab Republic of Egypt
        529900GFIVH4086NMH82
        Egypt Government International Bond
        000000000
        
          
        
        120000.00000000
        PA
        
        136736.96000000
        0.010889530975
        Long
        DBT
        NUSS
        EG
        N
        
        2
        
          2025-04-11
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fortune Star BVI Ltd
        2549008CU8NYQQRSNU62
        Fortune Star BVI Ltd
        000000000
        
          
        
        610000.00000000
        PA
        USD
        610762.50000000
        0.048640229844
        Long
        DBT
        CORP
        VG
        
        N
        
        2
        
          2022-03-23
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        The Federal Republic of Nigeria
        549300GSBZD84TNEQ285
        Nigeria Government International Bond
        000000000
        
          
        
        1190000.00000000
        PA
        USD
        1127896.88000000
        0.089824053514
        Long
        DBT
        NUSS
        NG
        N
        
        2
        
          2030-02-23
          Fixed
          7.14000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        The Federal Republic of Nigeria
        549300GSBZD84TNEQ285
        Nigeria Government International Bond
        65412JAH6
        
          
        
        12170000.00000000
        PA
        USD
        10953000.00000000
        0.872280857930
        Long
        DBT
        NUSS
        NG
        N
        
        2
        
          2038-02-23
          Fixed
          7.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        State of Qatar
        52990074F6OJOAXK4P65
        Qatar Government International Bond
        000000000
        
          
        
        240000.00000000
        PA
        USD
        322800.00000000
        0.025707318628
        Long
        DBT
        NUSS
        QA
        N
        
        2
        
          2049-03-14
          Fixed
          4.82000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LCH Limited
        F226TOH6YD6XJB17KS62
        Long: BR214857  IRS EUR R V 06MEURIB 1 CCPVANILLA / Short: BR214857  IRS EUR P F   .25000 2 CCPVANILLA
        000000000
        
          
        
        3300000.00000000
        OU
        Notional Amount
        
        -176116.84000000
        -0.01402568687
        N/A
        DIR
        
        US
        N
        
        2
        
          
            
              LCH Limited
              F226TOH6YD6XJB17KS62
            
            
              
                N/A
                N/A
                
                  
                
              
            
            Y
            
              
                
              
            
            
            2040-12-16
            0.00000000
            EUR
            -113568.62000000
            EUR
            3300000.00000000
            EUR
            -41952.52000000
          
        
        
          N
          N
          N
        
      
      
        UNITED MEXICAN STATES
        254900EGTWEU67VP6075
        Mexico Government International Bond
        91087BAG5
        
          
        
        3740000.00000000
        PA
        USD
        3936350.00000000
        0.313485141524
        Long
        DBT
        NUSS
        MX
        N
        
        2
        
          2050-01-31
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED SEK / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        N/A
        -9783.90000000
        -0.00077917544
        N/A
        DFE
        
        SE
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1066337.02000000
            EUR
            11118077.63000000
            SEK
            2020-12-16
            -9783.90000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Guatemala
        529900QKDFFU9UWW5315
        Guatemala Government Bond
        401494AP4
        
          
        
        7400000.00000000
        PA
        USD
        7908750.00000000
        0.629841252182
        Long
        DBT
        NUSS
        GT
        N
        
        2
        
          2027-06-05
          Fixed
          4.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HUARONG FINANCE 2019
        549300M6T6OW4AGYHK10
        Huarong Finance 2019 Co Ltd
        000000000
        
          
        
        1070000.00000000
        PA
        USD
        1087373.70000000
        0.086596846884
        Long
        DBT
        CORP
        VG
        
        N
        
        2
        
          2030-09-30
          Fixed
          3.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005485  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005485  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        7170000.00000000
        OU
        Notional Amount
        USD
        -46986.44000000
        -0.00374193117
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            11067.59000000
            USD
            0.00000000
            USD
            7170000.00000000
            USD
            -58054.03000000
          
        
        
          N
          N
          N
        
      
      
        EASTERN & SOUTHERN AFRIC
        2138004HC83AB2ENIZ64
        Eastern & Southern African Trade & Development Bank
        000000000
        
          
        
        3660000.00000000
        PA
        USD
        3702053.40000000
        0.294826103885
        Long
        DBT
        NUSS
        XX
        N
        
        2
        
          2022-03-14
          Fixed
          5.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LCH Limited
        F226TOH6YD6XJB17KS62
        Long: SR214650  IRS PLN R F   .75000 2 CCPVANILLA / Short: SR214650  IRS PLN P V 06MWIBOR 1 CCPVANILLA
        000000000
        
          
        
        48880000.00000000
        OU
        Notional Amount
        
        136557.72000000
        0.010875256565
        N/A
        DIR
        
        US
        N
        
        2
        
          
            
              LCH Limited
              F226TOH6YD6XJB17KS62
            
            
              
                N/A
                N/A
                
                  
                
              
            
            Y
            
            
              
                
              
            
            2025-12-16
            0.00000000
            PLN
            -38475.68000000
            PLN
            48880000.00000000
            PLN
            146900.99000000
          
        
        
          N
          N
          N
        
      
      
        BBVA BANCOMER SA TEXAS
        549300WIWQK5Q9MCUN92
        BBVA Bancomer SA/Texas
        000000000
        
          
        
        1210000.00000000
        PA
        USD
        1160843.75000000
        0.092447893926
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2033-01-18
          Fixed
          5.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD CNH
        000000000
        
          
        
        1.00000000
        NC
        
        1234.57000000
        0.000098319344
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            8433494.91000000
            CNY
            1237708.02000000
            USD
            2020-12-16
            1234.57000000
          
        
        
          N
          N
          N
        
      
      
        LCH Limited
        F226TOH6YD6XJB17KS62
        Long: BR214858  IRS EUR R V 06MEURIB 1 CCPVANILLA / Short: BR214858  IRS EUR P F   .25000 2 CCPVANILLA
        000000000
        
          
        
        1290000.00000000
        OU
        Notional Amount
        
        -122225.54000000
        -0.00973386276
        N/A
        DIR
        
        US
        N
        
        2
        
          
            
              LCH Limited
              F226TOH6YD6XJB17KS62
            
            
              
                N/A
                N/A
                
                  
                
              
            
            Y
            
              
                
              
            
            
            2050-12-16
            0.00000000
            EUR
            -79153.82000000
            EUR
            1290000.00000000
            EUR
            -28717.15000000
          
        
        
          N
          N
          N
        
      
      
        Samarco Mineracao SA
        529900U8HKV15GJC4O60
        Samarco Mineracao SA
        000000000
        
          
        
        800000.00000000
        PA
        USD
        422750.00000000
        0.033667190056
        Long
        DBT
        CORP
        BR
        N
        
        2
        
          2024-09-26
          None
          0.00000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CAD / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -46589.10000000
        -0.00371028760
        N/A
        DFE
        
        CA
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            2655504.12000000
            USD
            3472634.60000000
            CAD
            2020-12-16
            -46589.10000000
          
        
        
          N
          N
          N
        
      
      
        STATE OF QATAR
        52990074F6OJOAXK4P65
        Qatar Government International Bond
        74727PBE0
        
          
        
        2770000.00000000
        PA
        USD
        3569837.50000000
        0.284296623497
        Long
        DBT
        NUSS
        QA
        N
        
        2
        
          2050-04-16
          Fixed
          4.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JP MORGAN CHASE BANK NA
        7H6GLXDRUGQFU57RNE97
        JPMorgan Chase Bank NA
        000000000
        
          
        
        59625000.00000000
        PA
        
        3417667.94000000
        0.272178062889
        Long
        SN
        CORP
        US
        N
        
        2
        
          2021-07-08
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD GBP
        000000000
        
          
        
        1.00000000
        NC
        
        -21051.51000000
        -0.00167651138
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1051935.86000000
            GBP
            1337015.74000000
            USD
            2020-12-16
            -21051.51000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD GBP
        000000000
        
          
        
        1.00000000
        NC
        
        11437.10000000
        0.000910833872
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1011432.18000000
            GBP
            1317213.41000000
            USD
            2020-12-16
            11437.10000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD NOK
        000000000
        
          
        
        1.00000000
        NC
        
        -31353.18000000
        -0.00249692127
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            12085665.28000000
            NOK
            1264634.08000000
            USD
            2020-12-16
            -31353.18000000
          
        
        
          N
          N
          N
        
      
      
        ROMANIA
        315700IASY927EDWBK92
        Romanian Government International Bond
        000000000
        
          
        
        7360000.00000000
        PA
        
        9395074.54000000
        0.748209958921
        Long
        DBT
        NUSS
        RO
        N
        
        2
        
          2028-05-26
          Fixed
          2.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MEXICO CITY ARPT TRUST
        N/A
        Mexico City Airport Trust
        59284MAC8
        
          
        
        5200000.00000000
        PA
        USD
        4430562.76000000
        0.352843520990
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2028-04-30
          Fixed
          3.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROMANIA
        315700IASY927EDWBK92
        Romanian Government International Bond
        000000000
        
          
        
        1330000.00000000
        PA
        
        1628067.43000000
        0.129656902639
        Long
        DBT
        NUSS
        RO
        N
        
        2
        
          2030-02-08
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KAISA GROUP HOLDINGS LTD
        254900N8L3L7NRJT0120
        Kaisa Group Holdings Ltd
        000000000
        
          
        
        260000.00000000
        PA
        USD
        266500.00000000
        0.021223669190
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2023-11-12
          Fixed
          11.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED EUR / SOLD NOK
        000000000
        
          
        
        1.00000000
        NC
        N/A
        -10375.54000000
        -0.00082629279
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            5786659.90000000
            NOK
            519472.14000000
            EUR
            2020-12-16
            -10375.54000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD KRW
        000000000
        
          
        
        1.00000000
        NC
        
        -8059.18000000
        -0.00064182127
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1481215938.00000000
            KRW
            1262263.68000000
            USD
            2020-11-02
            -8059.18000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED EUR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -156961.57000000
        -0.01250018925
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            18311305.10000000
            USD
            15471326.52000000
            EUR
            2020-11-09
            -156961.57000000
          
        
        
          N
          N
          N
        
      
      
        FPC RESOURCES
        254900BC87JWWVVVS513
        FPC Resources Ltd
        000000000
        
          
        
        380000.00000000
        PA
        USD
        384275.00000000
        0.030603097478
        Long
        DBT
        CORP
        VG
        
        N
        
        2
        
          2027-09-11
          Fixed
          4.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UKRAINE GOVERNMENT
        6354001WLTJXOMEXPY07
        Ukraine Government International Bond
        000000000
        
          
        
        9860000.00000000
        PA
        USD
        9896975.00000000
        0.788180575542
        Long
        DBT
        NUSS
        UA
        N
        
        2
        
          2024-09-01
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF SOUTH AFRICA
        378900AAFB4F17004C49
        Republic of South Africa Government International Bond
        836205BA1
        
          
        
        5670000.00000000
        PA
        USD
        5398903.13000000
        0.429960728030
        Long
        DBT
        NUSS
        ZA
        N
        
        2
        
          2029-09-30
          Fixed
          4.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MV24 CAPITAL BV
        N/A
        MV24 Capital BV
        55388RAA4
        
          
        
        1501715.60000000
        PA
        USD
        1513682.47000000
        0.120547452165
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2034-06-01
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD RUB
        000000000
        
          
        
        1.00000000
        NC
        
        33330.21000000
        0.002654369047
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            100040583.79000000
            RUB
            1315445.93000000
            USD
            2020-11-17
            33330.21000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED INR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        1393.15000000
        0.000110948423
        N/A
        DFE
        
        IN
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1310736.35000000
            USD
            96788376.61000000
            INR
            2020-10-28
            1393.15000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CNH / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        17340.51000000
        0.001380972787
        N/A
        DFE
        
        CN
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            2525756.80000000
            USD
            17345458.02000000
            CNY
            2020-12-16
            17340.51000000
          
        
        
          N
          N
          N
        
      
      
        UKRAINE GOVERNMENT
        6354001WLTJXOMEXPY07
        Ukraine Government International Bond
        000000000
        
          
        
        600000.00000000
        PA
        USD
        626100.00000000
        0.049861685853
        Long
        DBT
        NUSS
        UA
        N
        
        2
        
          2024-02-01
          Fixed
          8.99000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Angola
        549300QHR2R3J8JSGK83
        Angolan Government International Bond
        035198AB6
        
          
        
        9610000.00000000
        PA
        USD
        7621931.25000000
        0.606999427538
        Long
        DBT
        NUSS
        AO
        N
        
        2
        
          2028-05-09
          Fixed
          8.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Iraq
        N/A
        Iraq International Bond
        000000000
        
          
        
        234375.00000000
        PA
        USD
        208154.30000000
        0.016577103203
        Long
        DBT
        NUSS
        IQ
        N
        
        2
        
          2028-01-15
          Fixed
          5.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BRF SA
        254900MTXR9LUVQFU480
        BRF SA
        10552TAH0
        
          
        
        1290000.00000000
        PA
        USD
        1276145.40000000
        0.101630348247
        Long
        DBT
        CORP
        BR
        N
        
        2
        
          2050-09-21
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of South Africa
        378900AAFB4F17004C49
        Republic of South Africa Government International Bond
        836205AU8
        
          
        
        2670000.00000000
        PA
        USD
        2483934.38000000
        0.197816891447
        Long
        DBT
        NUSS
        ZA
        N
        
        2
        
          2028-10-12
          Fixed
          4.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANCO MERCANTIL DE NORTE
        549300QTVYRPFHS0J362
        Banco Mercantil del Norte SA/Grand Cayman
        000000000
        
          
        
        330000.00000000
        PA
        USD
        322781.25000000
        0.025705825406
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2029-06-27
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED MXN / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        15422.88000000
        0.001228255546
        N/A
        DFE
        
        MX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1375348.81000000
            USD
            31026493.80000000
            MXN
            2020-12-16
            15422.88000000
          
        
        
          N
          N
          N
        
      
      
        Lebanese Republic
        529900QPC4K9S1KHL354
        Lebanon Government International Bond
        000000000
        
          
        
        1220000.00000000
        PA
        USD
        183000.00000000
        0.014573851638
        Long
        DBT
        NUSS
        LB
        N
        
        2
        
          2028-11-03
          None
          0.00000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        MEXICO CITY ARPT TRUST
        N/A
        Mexico City Airport Trust
        59284MAA2
        
          
        
        1180000.00000000
        PA
        USD
        1044300.00000000
        0.083166520582
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2026-10-31
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Paraguay
        529900UXKJTJPCU0HK83
        Paraguay Government International Bond
        000000000
        
          
        
        5650000.00000000
        PA
        USD
        7299093.75000000
        0.581289122465
        Long
        DBT
        NUSS
        PY
        N
        
        2
        
          2044-08-11
          Fixed
          6.10000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF MOZAMBIQUE
        213800759WLKYIKPER73
        Mozambique International Bond
        000000000
        
          
        
        2060000.00000000
        PA
        USD
        1679543.75000000
        0.133756401276
        Long
        DBT
        NUSS
        MZ
        N
        
        2
        
          2031-09-15
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CNH / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        31185.63000000
        0.002483577840
        N/A
        DFE
        
        CN
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            3943603.09000000
            USD
            27110457.19000000
            CNY
            2020-12-16
            31185.63000000
          
        
        
          N
          N
          N
        
      
      
        STATE OF MINAS GERAIS
        N/A
        Brazil Minas SPE via State of Minas Gerais
        105860AA8
        
          
        
        2800000.00000000
        PA
        USD
        2904125.00000000
        0.231280256234
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2028-02-15
          Fixed
          5.33000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America, National Association
        B4TYDEB6GKMZO031MB27
        Long: CS005442  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005442  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        4460000.00000000
        OU
        Notional Amount
        USD
        -9011.88000000
        -0.00071769290
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Bank of America, National Association
              B4TYDEB6GKMZO031MB27
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2020-12-20
            2938.34000000
            USD
            0.00000000
            USD
            4460000.00000000
            USD
            -11950.22000000
          
        
        
          N
          N
          N
        
      
      
        Vedanta Resources Ltd
        2138007MYEKPEAZQTW83
        Vedanta Resources Ltd
        000000000
        
          
        
        200000.00000000
        PA
        USD
        140000.00000000
        0.011149394696
        Long
        DBT
        CORP
        GB
        
        N
        
        2
        
          2024-08-09
          Fixed
          6.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Greenko Dutch BV
        724500PT585P4JPVRP08
        Greenko Dutch BV
        000000000
        
          
        
        690000.00000000
        PA
        USD
        686550.00000000
        0.054675835206
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2022-07-24
          Fixed
          4.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED AUD / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -23599.76000000
        -0.00187945027
        N/A
        DFE
        
        AU
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1299829.08000000
            USD
            1781441.90000000
            AUD
            2020-12-16
            -23599.76000000
          
        
        
          N
          N
          N
        
      
      
        STATE OF ISRAEL
        213800T8ZHTFZIBYPE21
        Israel Government International Bond
        46513JB59
        
          
        
        2820000.00000000
        PA
        USD
        3842250.00000000
        0.305991155517
        Long
        DBT
        NUSS
        IL
        N
        
        2
        
          2120-04-03
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TURKIYE VAKIFLAR BANKASI
        789000KAIHOLSQKQ9858
        Turkiye Vakiflar Bankasi TAO
        000000000
        
          
        
        250000.00000000
        PA
        USD
        250625.00000000
        0.019959407469
        Long
        DBT
        CORP
        TR
        N
        
        2
        
          2024-03-28
          Fixed
          8.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD AUD
        000000000
        
          
        
        1.00000000
        NC
        
        9112.82000000
        0.000725731621
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1785928.99000000
            AUD
            1288556.70000000
            USD
            2020-12-16
            9112.82000000
          
        
        
          N
          N
          N
        
      
      
        SUNNY EXPRESS
        254900RHBSC69QS5NZ68
        Sunny Express Enterprises Corp
        000000000
        
          
        
        870000.00000000
        PA
        USD
        879787.50000000
        0.070064986332
        Long
        DBT
        CORP
        VG
        
        N
        
        2
        
          2022-10-23
          Fixed
          3.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TRAFIGURA GROUP PTE LTD
        549300HJ8VS88NIO3006
        Trafigura Group Pte Ltd
        000000000
        
          
        
        470000.00000000
        PA
        USD
        438862.50000000
        0.034950365928
        Long
        DBT
        CORP
        SG
        
        N
        
        2
        
          2021-12-22
          Fixed
          6.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED COP / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        5137.25000000
        0.000409123056
        N/A
        DFE
        
        CO
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1261762.30000000
            USD
            4849709576.28000000
            COP
            2020-10-05
            5137.25000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Sri Lanka
        254900HXCCIOHM74FA02
        Sri Lanka Government International Bond
        000000000
        
          
        
        3960000.00000000
        PA
        USD
        2775712.50000000
        0.221053673045
        Long
        DBT
        NUSS
        LK
        N
        
        2
        
          2025-06-03
          Fixed
          6.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF SOUTH AFRICA
        378900AAFB4F17004C49
        Republic of South Africa Government International Bond
        836205BB9
        
          
        
        4120000.00000000
        PA
        USD
        3487837.50000000
        0.277766263746
        Long
        DBT
        NUSS
        ZA
        N
        
        2
        
          2049-09-30
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CREDIT BANK OF MOSCOW (C
        635400Y22HQLUDCVZX38
        Credit Bank of Moscow Via CBOM Finance PLC
        12504PAF7
        
          
        
        3010000.00000000
        PA
        USD
        3111587.50000000
        0.247802265500
        Long
        DBT
        CORP
        IE
        
        N
        
        2
        
          2023-02-14
          Fixed
          5.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dominican Republic
        254900EHU7Q8FGVPI369
        Dominican Republic International Bond
        000000000
        
          
        
        450000.00000000
        PA
        USD
        500906.25000000
        0.039891439194
        Long
        DBT
        NUSS
        DO
        N
        
        2
        
          2026-01-29
          Fixed
          6.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LCH Limited
        F226TOH6YD6XJB17KS62
        Long: BR214854  IRS EUR R V 06MLIBOR CCPVANILLA / Short: BR214854  IRS EUR P F   .00000 CCPVANILLA
        000000000
        
          
        
        26320000.00000000
        OU
        Notional Amount
        
        -209025.70000000
        -0.01664650022
        N/A
        DIR
        
        ER
        N
        
        2
        
          
            
              LCH Limited
              F226TOH6YD6XJB17KS62
            
            
              
                N/A
                N/A
                
                  
                
              
            
            Y
            
              
                
              
            
            
            2027-12-16
            0.00000000
            EUR
            -133971.49000000
            EUR
            26320000.00000000
            EUR
            -50758.43000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD TRY
        000000000
        
          
        
        1.00000000
        NC
        
        16202.28000000
        0.001290325819
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            9265384.02000000
            TRY
            1210544.17000000
            USD
            2020-10-19
            16202.28000000
          
        
        
          N
          N
          N
        
      
      
        PHOSAGRO(PHOS BOND FUND)
        635400F8A3KGJIIBIK95
        Phosagro OAO Via Phosagro Bond Funding DAC
        71922LAB5
        
          
        
        3610000.00000000
        PA
        USD
        3748759.38000000
        0.298545699640
        Long
        DBT
        CORP
        IE
        
        N
        
        2
        
          2023-04-24
          Fixed
          3.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Ghana
        213800PP4399SNNXZ126
        Ghana Government International Bond
        000000000
        
          
        
        1970000.00000000
        PA
        USD
        2388625.00000000
        0.190226592191
        Long
        DBT
        NUSS
        GH
        N
        
        2
        
          2030-10-14
          Fixed
          10.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005489  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005489  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        5350000.00000000
        OU
        Notional Amount
        USD
        -35059.62000000
        -0.00279209672
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            7473.93000000
            USD
            0.00000000
            USD
            5350000.00000000
            USD
            -42533.55000000
          
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005492  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005492  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        2660000.00000000
        OU
        Notional Amount
        USD
        -17431.51000000
        -0.00138821989
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            3677.49000000
            USD
            0.00000000
            USD
            2660000.00000000
            USD
            -21109.00000000
          
        
        
          N
          N
          N
        
      
      
        IHS NETHERLANDS HOLDCO
        5493006Z6YQYCCN2XI74
        IHS Netherlands Holdco BV
        44963LAB2
        
          
        
        490000.00000000
        PA
        USD
        499646.88000000
        0.039791144814
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2025-03-18
          Fixed
          7.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LCH Limited
        F226TOH6YD6XJB17KS62
        Long: BR214855  IRS EUR R V 06MLIBOR CCPVANILLA / Short: BR214855  IRS EUR P F   .00000 CCPVANILLA
        000000000
        
          
        
        25980000.00000000
        OU
        Notional Amount
        
        107981.57000000
        0.008599493884
        N/A
        DIR
        
        ER
        N
        
        2
        
          
            
              LCH Limited
              F226TOH6YD6XJB17KS62
            
            
              
                N/A
                N/A
                
                  
                
              
            
            Y
            
              
                
              
            
            
            2030-12-16
            197219.50000000
            EUR
            0.00000000
            EUR
            25980000.00000000
            EUR
            -125003.74000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD RUB
        000000000
        
          
        
        1.00000000
        NC
        
        10364.63000000
        0.000825423933
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            102939667.59000000
            RUB
            1329634.88000000
            USD
            2020-11-17
            10364.63000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CAD / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        5623.74000000
        0.000447866406
        N/A
        DFE
        
        CA
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1242347.65000000
            USD
            1661130.62000000
            CAD
            2020-12-16
            5623.74000000
          
        
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Long: SS005902  CDS USD R F  1.00000 2 CCPCORPORATE / Short: SS005902  CDS USD P V 03MEVENT 1 CCPCORPORATE
        000000000
        
          
        
        11830000.00000000
        OU
        Notional Amount
        USD
        192522.60000000
        0.015332217538
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Intercontinental Exchange, Inc.
              5493000F4ZO33MV32P92
            
            
              
                Peruvian Government International Bond
                Peruvian Government International Bond
                
                  
                  
                
              
            
            Y
            
            sell protection
            2024-12-20
            139882.45000000
            USD
            0.00000000
            USD
            11830000.00000000
            USD
            52640.15000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Guatemala
        529900QKDFFU9UWW5315
        Guatemala Government Bond
        401494AN9
        
          
        
        5520000.00000000
        PA
        USD
        5894325.00000000
        0.469415399243
        Long
        DBT
        NUSS
        GT
        N
        
        2
        
          2026-05-03
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NORTH MACEDONIA
        635400RD1N6RVNCE4958
        North Macedonia Government International Bond
        000000000
        
          
        
        600000.00000000
        PA
        
        772278.01000000
        0.061503088206
        Long
        DBT
        NUSS
        MK
        N
        
        2
        
          2023-07-26
          Fixed
          5.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ECUADOR
        5299003Y2U5XK0A35H71
        Ecuador Government International Bond
        000000000
        
          
        
        3532360.00000000
        PA
        USD
        1642547.40000000
        0.130810066215
        Long
        DBT
        NUSS
        EC
        N
        
        2
        
          2030-07-31
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        China Evergrande Group
        549300CUF7B1LAB15T90
        China Evergrande Group
        000000000
        
          
        
        940000.00000000
        PA
        USD
        836600.00000000
        0.066625597164
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2022-03-23
          Fixed
          8.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROMANIA
        315700IASY927EDWBK92
        Romanian Government International Bond
        77586RAH3
        
          
        
        2070000.00000000
        PA
        USD
        2124337.50000000
        0.169179123256
        Long
        DBT
        NUSS
        RO
        N
        
        2
        
          2031-02-14
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Reliance Industries Ltd
        5493003UOETFYRONLG31
        Reliance Industries Ltd
        759470AX5
        
          
        
        1090000.00000000
        PA
        USD
        1192528.13000000
        0.094971191485
        Long
        DBT
        CORP
        IN
        N
        
        2
        
          2027-11-30
          Fixed
          3.67000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sunac China Holdings Ltd
        549300OLARYHDXP3WK18
        Sunac China Holdings Ltd
        000000000
        
          
        
        880000.00000000
        PA
        USD
        896225.00000000
        0.071374044727
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2023-04-19
          Fixed
          8.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        YAPI VE KREDI BANKASI AS
        B85ZYWEZ5IZCZ2WNIO12
        Yapi ve Kredi Bankasi AS
        000000000
        
          
        
        4330000.00000000
        PA
        USD
        4546500.00000000
        0.362076592767
        Long
        DBT
        CORP
        TR
        N
        
        2
        
          2024-01-15
          Fixed
          13.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lebanese Republic
        529900QPC4K9S1KHL354
        Lebanon Government International Bond
        000000000
        
          
        
        150000.00000000
        PA
        USD
        22500.00000000
        0.001791867004
        Long
        DBT
        NUSS
        LB
        N
        
        2
        
          2037-03-23
          None
          0.00000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        The Federal Republic of Nigeria
        549300GSBZD84TNEQ285
        Nigeria Government International Bond
        000000000
        
          
        
        2630000.00000000
        PA
        USD
        2503431.25000000
        0.199369593583
        Long
        DBT
        NUSS
        NG
        N
        
        2
        
          2027-11-28
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED ILS / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        5173.47000000
        0.000412007564
        N/A
        DFE
        
        IL
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1310249.91000000
            USD
            4500839.47000000
            ILS
            2020-12-16
            5173.47000000
          
        
        
          N
          N
          N
        
      
      
        UNITED MEXICAN STATES
        254900EGTWEU67VP6075
        Mexico Government International Bond
        91087BAK6
        
          
        
        3300000.00000000
        PA
        USD
        3736218.75000000
        0.297546982257
        Long
        DBT
        NUSS
        MX
        N
        
        2
        
          2032-04-27
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lebanese Republic
        529900QPC4K9S1KHL354
        Lebanon Government International Bond
        000000000
        
          
        
        3990000.00000000
        PA
        USD
        603487.50000000
        0.048060859513
        Long
        DBT
        NUSS
        LB
        N
        
        2
        
          2025-02-26
          None
          0.00000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED ZAR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        22691.29000000
        0.001807101059
        N/A
        DFE
        
        ZA
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1267620.03000000
            USD
            21816577.35000000
            ZAR
            2020-12-17
            22691.29000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Turkey
        5493000PCHOG3B6S3Q85
        Turkey Government International Bond
        900123AW0
        
          
        
        999000.00000000
        PA
        USD
        1034901.56000000
        0.082418042602
        Long
        DBT
        NUSS
        TR
        N
        
        2
        
          2025-02-05
          Fixed
          7.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED JPY / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        N/A
        -29569.17000000
        -0.00235484533
        N/A
        DFE
        
        JP
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            3289578.42000000
            EUR
            403932268.00000000
            JPY
            2020-12-16
            -29569.17000000
          
        
        
          N
          N
          N
        
      
      
        INTERNATIONAL CONTAINER
        254900FU1MWK0I0Q4J61
        International Container Terminal Services Inc
        000000000
        
          
        
        340000.00000000
        PA
        USD
        357357.00000000
        0.028459387432
        Long
        DBT
        CORP
        PH
        N
        
        2
        
          2030-06-17
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CHF / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        N/A
        -1782.16000000
        -0.00014192860
        N/A
        DFE
        
        CH
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1065265.59000000
            EUR
            1148031.40000000
            CHF
            2020-12-16
            -1782.16000000
          
        
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Long: SS005848  CDS USD R F  1.00000 2 CCPCORPORATE / Short: SS005848  CDS USD P V 03MEVENT 1 CCPCORPORATE
        000000000
        
          
        
        2730000.00000000
        OU
        Notional Amount
        USD
        -11852.84000000
        -0.00094394279
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Intercontinental Exchange, Inc.
              5493000F4ZO33MV32P92
            
            
              
                Colombia Government International Bond
                Colombia Government International Bond
                
                  
                  
                
              
            
            Y
            
            sell protection
            2024-06-20
            0.00000000
            USD
            -1213.38000000
            USD
            2730000.00000000
            USD
            -10639.46000000
          
        
        
          N
          N
          N
        
      
      
        GOVT OF BERMUDA
        549300FP5PUZXX9FVJ40
        Bermuda Government International Bond
        085209AH7
        
          
        
        1890000.00000000
        PA
        USD
        1970915.63000000
        0.156960830516
        Long
        DBT
        NUSS
        BM
        N
        
        2
        
          2050-08-20
          Fixed
          3.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ARGENTINA
        549300KPBYGYF7HCHO27
        Argentine Republic Government International Bond
        040114HS2
        
          
        
        19634677.00000000
        PA
        USD
        8148390.96000000
        0.648925906814
        Long
        DBT
        NUSS
        AR
        N
        
        2
        
          2030-07-09
          Variable
          0.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Turkey
        5493000PCHOG3B6S3Q85
        Turkey Government International Bond
        000000000
        
          
        
        6280000.00000000
        PA
        
        7245637.02000000
        0.577031906879
        Long
        DBT
        NUSS
        TR
        N
        
        2
        
          2026-02-16
          Fixed
          5.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD RUB
        000000000
        
          
        
        1.00000000
        NC
        
        70182.68000000
        0.005589245715
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            96020683.19000000
            RUB
            1300779.53000000
            USD
            2020-11-17
            70182.68000000
          
        
        
          N
          N
          N
        
      
      
        Dominican Republic
        254900EHU7Q8FGVPI369
        Dominican Republic International Bond
        25714PBX5
        
          
        
        8900000.00000000
        PA
        
        220739.41000000
        0.017579362908
        Long
        DBT
        NUSS
        DO
        N
        
        2
        
          2028-02-04
          Fixed
          18.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UKRAINE GOVERNMENT
        6354001WLTJXOMEXPY07
        Ukraine Government International Bond
        000000000
        
          
        
        1050000.00000000
        PA
        USD
        1078350.00000000
        0.085878212649
        Long
        DBT
        NUSS
        UA
        N
        
        2
        
          2021-09-01
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005419  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005419  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        3070000.00000000
        OU
        Notional Amount
        USD
        -6203.24000000
        -0.00049401693
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2020-12-20
            1482.16000000
            USD
            0.00000000
            USD
            3070000.00000000
            USD
            -7685.40000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED EUR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -105732.27000000
        -0.00842036293
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            8974725.00000000
            USD
            7550948.38000000
            EUR
            2020-12-16
            -105732.27000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ARGENTINA
        549300KPBYGYF7HCHO27
        Argentine Republic Government International Bond
        000000000
        
          
        
        3559900.00000000
        PA
        
        1648652.56000000
        0.131296272205
        Long
        DBT
        NUSS
        AR
        N
        
        2
        
          2030-07-09
          Fixed
          0.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Grupo Aval Ltd
        549300J4FW1ELLQ80113
        Grupo Aval Ltd
        000000000
        
          
        
        590000.00000000
        PA
        USD
        604750.00000000
        0.048161403161
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2022-09-26
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Indonesia
        529900FWX0GRR7WG5W79
        Indonesia Government International Bond
        000000000
        
          
        
        350000.00000000
        PA
        USD
        408953.13000000
        0.032568427562
        Long
        DBT
        NUSS
        ID
        N
        
        2
        
          2043-04-15
          Fixed
          4.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citibank, National Association
        E57ODZWZ7FF32TWEFA76
        Long: CS005417  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005417  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        4780000.00000000
        OU
        Notional Amount
        USD
        -9658.47000000
        -0.00076918638
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              Citibank, National Association
              E57ODZWZ7FF32TWEFA76
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2020-12-20
            2348.88000000
            USD
            0.00000000
            USD
            4780000.00000000
            USD
            -12007.35000000
          
        
        
          N
          N
          N
        
      
      
        PETROLEOS MEXICANOS
        549300CAZKPF4HKMPX17
        Petroleos Mexicanos
        71654QCZ3
        
          
        
        997000.00000000
        PA
        USD
        832133.59000000
        0.066269898822
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2031-01-28
          Fixed
          5.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED RUB / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -62686.27000000
        -0.00499224261
        N/A
        DFE
        
        RU
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1303387.91000000
            USD
            96809137.02000000
            RUB
            2020-11-17
            -62686.27000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CZK / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -30459.20000000
        -0.00242572602
        N/A
        DFE
        
        CZ
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1307585.46000000
            USD
            29448982.08000000
            CZK
            2020-12-16
            -30459.20000000
          
        
        
          N
          N
          N
        
      
      
        UKRAINE GOVERNMENT
        6354001WLTJXOMEXPY07
        Ukraine Government International Bond
        903724BY7
        
          
        
        4473000.00000000
        PA
        USD
        4103977.50000000
        0.326834749806
        Long
        DBT
        NUSS
        UA
        N
        
        2
        
          2033-03-15
          Fixed
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD RUB
        000000000
        
          
        
        1.00000000
        NC
        
        42324.63000000
        0.003370671466
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            98459922.01000000
            RUB
            1304182.66000000
            USD
            2020-11-17
            42324.63000000
          
        
        
          N
          N
          N
        
      
      
        REDE D'OR FINANCE SARL
        549300FDE772OLJUCP79
        Rede D'or Finance Sarl
        75735GAA6
        
          
        
        1300000.00000000
        PA
        USD
        1231750.00000000
        0.098094763695
        Long
        DBT
        CORP
        LU
        
        N
        
        2
        
          2030-01-22
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED EUR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -1841.53000000
        -0.00014665674
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            903219.73000000
            USD
            768164.18000000
            EUR
            2020-11-09
            -1841.53000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD COP
        000000000
        
          
        
        1.00000000
        NC
        
        -11495.92000000
        -0.00091551821
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            14584123786.90000000
            COP
            3798344.56000000
            USD
            2020-10-05
            -11495.92000000
          
        
        
          N
          N
          N
        
      
      
        SHARJAH SUKUK PROGRAM
        549300N3BQ9P6RRMVV02
        Sharjah Sukuk Program Ltd
        000000000
        
          
        
        4900000.00000000
        PA
        USD
        5164906.25000000
        0.411325559652
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2029-10-23
          Fixed
          3.23000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD GBP
        000000000
        
          
        
        1.00000000
        NC
        
        -8378.89000000
        -0.00066728251
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1052998.85000000
            GBP
            1351060.70000000
            USD
            2020-12-16
            -8378.89000000
          
        
        
          N
          N
          N
        
      
      
        TENCENT HOLDINGS LTD
        254900N4SLUMW4XUYY11
        Tencent Holdings Ltd
        88032WAV8
        
          
        
        240000.00000000
        PA
        USD
        243104.38000000
        0.019360476321
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2050-06-03
          Fixed
          3.24000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CREDIT BANK OF MOSCOW (C
        635400Y22HQLUDCVZX38
        Credit Bank of Moscow Via CBOM Finance PLC
        000000000
        
          
        
        310000.00000000
        PA
        USD
        294500.00000000
        0.023453548129
        Long
        DBT
        CORP
        IE
        
        N
        
        2
        
          2027-10-05
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED GBP / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        N/A
        10402.28000000
        0.000828422324
        N/A
        DFE
        
        GB
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1065686.87000000
            EUR
            977607.85000000
            GBP
            2020-12-16
            10402.28000000
          
        
        
          N
          N
          N
        
      
      
        SMC GLOBAL POWER HLDGS
        549300HBCE80QXKII590
        SMC Global Power Holdings Corp
        000000000
        
          
        
        210000.00000000
        PA
        USD
        207571.88000000
        0.016530720128
        Long
        DBT
        CORP
        PH
        N
        
        2
        
          2024-04-25
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD COP
        000000000
        
          
        
        1.00000000
        NC
        
        26744.48000000
        0.002129891167
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            4898693833.40000000
            COP
            1306440.29000000
            USD
            2020-10-05
            26744.48000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CNH / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -5345.02000000
        -0.00042566955
        N/A
        DFE
        
        CN
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1304182.66000000
            USD
            8858856.35000000
            CNY
            2020-12-16
            -5345.02000000
          
        
        
          N
          N
          N
        
      
      
        Barclays Capital Securities Limited
        K9WDOH4D2PYBSLSOB484
        Long: CS005511  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005511  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        1970000.00000000
        OU
        Notional Amount
        USD
        -12909.80000000
        -0.00102811754
        N/A
        DCR
        
        GB
        N
        
        2
        
          
            
              Barclays Capital Securities Limited
              K9WDOH4D2PYBSLSOB484
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            1469.95000000
            USD
            0.00000000
            USD
            1970000.00000000
            USD
            -14379.75000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CHF / SOLD EUR
        000000000
        
          
        
        1.00000000
        NC
        N/A
        -6549.04000000
        -0.00052155594
        N/A
        DFE
        
        CH
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1060884.72000000
            EUR
            1138923.40000000
            CHF
            2020-12-16
            -6549.04000000
          
        
        
          N
          N
          N
        
      
      
        State of Qatar
        52990074F6OJOAXK4P65
        Qatar Government International Bond
        74727PBB6
        
          
        
        2950000.00000000
        PA
        USD
        3967750.00000000
        0.315985791477
        Long
        DBT
        NUSS
        QA
        N
        
        2
        
          2049-03-14
          Fixed
          4.82000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PETROLEOS MEXICANOS
        549300CAZKPF4HKMPX17
        Petroleos Mexicanos
        71654QCW0
        
          
        
        3343000.00000000
        PA
        USD
        2798091.00000000
        0.222835863968
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2050-01-23
          Fixed
          7.69000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of South Africa
        378900AAFB4F17004C49
        Republic of South Africa Government International Bond
        836205AX2
        
          
        
        3350000.00000000
        PA
        USD
        2835984.38000000
        0.225853637182
        Long
        DBT
        NUSS
        ZA
        N
        
        2
        
          2047-09-27
          Fixed
          5.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Guatemala
        529900QKDFFU9UWW5315
        Guatemala Government Bond
        000000000
        
          
        
        350000.00000000
        PA
        USD
        374062.50000000
        0.029789788954
        Long
        DBT
        NUSS
        GT
        N
        
        2
        
          2027-06-05
          Fixed
          4.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PETROLEOS DE VENEZUELA S
        549300YWR8TN1OFD4P06
        Petroleos de Venezuela SA
        000000000
        
          
        
        17520000.00000000
        PA
        USD
        481800.00000000
        0.038369845462
        Long
        DBT
        CORP
        VE
        N
        
        2
        
          2027-04-12
          Fixed
          5.38000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED GBP / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        8313.49000000
        0.000662074152
        N/A
        DFE
        
        GB
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1342213.83000000
            USD
            1046095.56000000
            GBP
            2020-12-16
            8313.49000000
          
        
        
          N
          N
          N
        
      
      
        JP MORGAN CHASE BANK NA
        7H6GLXDRUGQFU57RNE97
        JPMorgan Chase Bank NA
        000000000
        
          
        
        78475000.00000000
        PA
        
        4424168.13000000
        0.352334262034
        Long
        SN
        CORP
        US
        N
        
        2
        
          2021-09-02
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NE PROPERTY BV
        7245006AG9J70KOIJH36
        NE Property BV
        000000000
        
          
        
        2440000.00000000
        PA
        
        2853625.51000000
        0.227258550906
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2027-07-14
          Fixed
          3.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        STUDIO CITY FINANCE LTD
        254900D6R731QAUIG324
        Studio City Finance Ltd
        86389QAF9
        
          
        
        350000.00000000
        PA
        USD
        358750.00000000
        0.028570323909
        Long
        DBT
        CORP
        VG
        
        N
        
        2
        
          2028-01-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MONGOLIA INTL BOND
        N/A
        Mongolia Government International Bond
        60937GAB2
        
          
        
        1200000.00000000
        PA
        USD
        1222875.00000000
        0.097387971710
        Long
        DBT
        NUSS
        MN
        N
        
        2
        
          2022-12-05
          Fixed
          5.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD CAD
        000000000
        
          
        
        1.00000000
        NC
        
        21215.58000000
        0.001689577679
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            3457111.08000000
            CAD
            2618468.11000000
            USD
            2020-12-16
            21215.58000000
          
        
        
          N
          N
          N
        
      
      
        ROMANIA
        315700IASY927EDWBK92
        Romanian Government International Bond
        000000000
        
          
        
        420000.00000000
        PA
        
        599686.08000000
        0.047758119999
        Long
        DBT
        NUSS
        RO
        N
        
        2
        
          2049-04-03
          Fixed
          4.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD JPY
        000000000
        
          
        
        1.00000000
        NC
        
        -2793.86000000
        -0.00022249891
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            131605142.00000000
            JPY
            1246431.97000000
            USD
            2020-12-16
            -2793.86000000
          
        
        
          N
          N
          N
        
      
      
        CROATIA
        74780000O00QGQ7CER13
        Croatia Government International Bond
        000000000
        
          
        
        5440000.00000000
        PA
        
        6489744.00000000
        0.516833695249
        Long
        DBT
        NUSS
        HR
        N
        
        2
        
          2029-06-19
          Fixed
          1.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Chicago Board of Trade
        549300EX04Q2QBFQTQ27
        US LONG BOND(CBT) DEC20 XCBT 20201221
        000000000
        
          
        
        122.00000000
        NC
        USD
        25482.39000000
        0.002029380170
        N/A
        DIR
        
        US
        N
        
        1
        
          
            
              Chicago Board of Trade
              549300EX04Q2QBFQTQ27
            
            Long
            
              
                US Treasury Long Bond
                USZ0 Comdty
              
            
            2020-12-21
            21461767.61000000
            USD
            25482.39000000
          
        
        
          N
          N
          N
        
      
      
        ZHENRO PROPERTIES GROUP
        549300I66TVJEL841P38
        Zhenro Properties Group Ltd
        000000000
        
          
        
        590000.00000000
        PA
        USD
        601800.00000000
        0.047926469488
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2022-01-25
          Fixed
          10.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Embraer Overseas Ltd
        N/A
        Embraer Overseas Ltd
        000000000
        
          
        
        13000.00000000
        PA
        USD
        13168.59000000
        0.001048727196
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2023-09-16
          Fixed
          5.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF PARAGUAY
        529900UXKJTJPCU0HK83
        Paraguay Government International Bond
        000000000
        
          
        
        400000.00000000
        PA
        USD
        462000.00000000
        0.036793002498
        Long
        DBT
        NUSS
        PY
        N
        
        2
        
          2031-04-28
          Fixed
          4.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED INR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        27282.83000000
        0.002172764572
        N/A
        DFE
        
        IN
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1277654.26000000
            USD
            96257833.12000000
            INR
            2020-10-28
            27282.83000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD AUD
        000000000
        
          
        
        1.00000000
        NC
        
        25607.80000000
        0.002039367639
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1796085.35000000
            AUD
            1312327.72000000
            USD
            2020-12-16
            25607.80000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED USD / SOLD PLN
        000000000
        
          
        
        1.00000000
        NC
        
        -60443.71000000
        -0.00481364842
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            53689620.76000000
            PLN
            13829532.81000000
            USD
            2020-10-07
            -60443.71000000
          
        
        
          N
          N
          N
        
      
      
        COSTA RICA GOVERNMENT
        549300S1EK2VN6XVJP58
        Costa Rica Government International Bond
        221597CP0
        
          
        
        2520000.00000000
        PA
        USD
        2364075.00000000
        0.188271466192
        Long
        DBT
        NUSS
        CR
        N
        
        2
        
          2031-02-19
          Fixed
          6.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VEDANTA RESOURCES
        8945002DGA3BBXO3N634
        Vedanta Resources Finance II PLC
        000000000
        
          
        
        260000.00000000
        PA
        USD
        195000.00000000
        0.015529514041
        Long
        DBT
        CORP
        GB
        
        N
        
        2
        
          2026-04-23
          Fixed
          9.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED EUR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -479244.75000000
        -0.03816634909
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            62674443.02000000
            USD
            52952206.16000000
            EUR
            2020-12-16
            -479244.75000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED CLP / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        5203.18000000
        0.000414373624
        N/A
        DFE
        
        CL
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1267343.69000000
            USD
            998574312.00000000
            CLP
            2020-11-16
            5203.18000000
          
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase Bank, National Association
        7H6GLXDRUGQFU57RNE97
        Long: CS005534  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005534  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        3770000.00000000
        OU
        Notional Amount
        USD
        -24705.56000000
        -0.00196751456
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              JPMorgan Chase Bank, National Association
              7H6GLXDRUGQFU57RNE97
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            0.00000000
            USD
            -385.60000000
            USD
            3770000.00000000
            USD
            -24319.96000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF COLOMBIA
        549300MHDRBVRF6B9117
        Colombia Government International Bond
        195325DT9
        
          
        
        10030000.00000000
        PA
        USD
        10456275.00000000
        0.832722407354
        Long
        DBT
        NUSS
        CO
        N
        
        2
        
          2051-05-15
          Fixed
          4.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED GBP / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -354.62000000
        -0.00002824141
        N/A
        DFE
        
        GB
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. LLC
              9R7GPTSO7KV3UQJZQ078
            
            1375879.33000000
            USD
            1065458.11000000
            GBP
            2020-12-16
            -354.62000000
          
        
        
          N
          N
          N
        
      
      
        Samarco Mineracao SA
        529900U8HKV15GJC4O60
        Samarco Mineracao SA
        000000000
        
          
        
        2080000.00000000
        PA
        USD
        1112800.00000000
        0.088621760130
        Long
        DBT
        CORP
        BR
        N
        
        2
        
          2023-10-24
          None
          0.00000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF PANAMA
        549300SHS4T08CL0LP14
        Panama Government International Bond
        698299BL7
        
          
        
        3680000.00000000
        PA
        USD
        4219350.00000000
        0.336022846517
        Long
        DBT
        NUSS
        PA
        N
        
        2
        
          2060-07-23
          Fixed
          3.87000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GAZPROM (GAZ CAPITAL SA)
        213800568PRHV2JR9650
        Gazprom PJSC Via Gaz Capital SA
        000000000
        
          
        
        3970000.00000000
        PA
        USD
        5601421.88000000
        0.446089024296
        Long
        DBT
        CORP
        LU
        
        N
        
        2
        
          2037-08-16
          Fixed
          7.29000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Russian Federation
        5493004EHVGF71PDBU58
        Russian Foreign Bond - Eurobond
        000000000
        
          
        
        2400000.00000000
        PA
        USD
        2941500.00000000
        0.234256746425
        Long
        DBT
        NUSS
        RU
        N
        
        2
        
          2035-03-28
          Fixed
          5.10000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase Bank, National Association
        7H6GLXDRUGQFU57RNE97
        Long: CS005471  CDS USD R V 03MEVENT 1 CORPORATE / Short: CS005471  CDS USD P F  1.00000 2 CORPORATE
        000000000
        
          
        
        1220000.00000000
        OU
        Notional Amount
        USD
        -7994.90000000
        -0.00063670211
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              JPMorgan Chase Bank, National Association
              7H6GLXDRUGQFU57RNE97
            
            
              
                China Government International Bond
                China Government International Bond
                
                  
                  
                
              
            
            Y
            buy protection
            
            2021-06-20
            1683.41000000
            USD
            0.00000000
            USD
            1220000.00000000
            USD
            -9678.31000000
          
        
        
          N
          N
          N
        
      
      
        IVORY COAST
        254900ICW11T82O6H590
        Ivory Coast Government International Bond
        000000000
        
          
        
        2370000.00000000
        PA
        
        2348006.54000000
        0.186991797602
        Long
        DBT
        NUSS
        CI
        N
        
        2
        
          2048-03-22
          Fixed
          6.63000000
          N
          N
          N
        
        
          N
          N
          N