# EDGAR Filing Document

**Accession Number:** 0000930667
**File Stem:** 0001410368-25-010192
**Filing Date:** 2025-9
**Character Count:** 892926
**Document Hash:** 4d780ef25b3627c1f07be42c1c0553ef
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-010192.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-010192

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iShares, Inc.
- **CENTRAL INDEX KEY:** 0000930667

**ORGANIZATION NAME:**
- **EIN:** 510396525
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09102
- **FILM NUMBER:** 251338667

**BUSINESS ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** (415) 670-2000

**MAIL ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** iSHARES INC
- **DATE OF NAME CHANGE:** 20070126

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ISHARES INC
- **DATE OF NAME CHANGE:** 20000516

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WEBS INDEX FUND INC
- **DATE OF NAME CHANGE:** 19970211

## Series and Classes Contracts Data

### iShares US & Intl High Yield Corp Bond ETF (Series ID: S000036906)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000112949 | iShares US & Intl High Yield Corp Bond ETF | GHYG            |

## Nport-Ex

Schedule of Investments (unaudited)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Australia — 0.5%** | **Australia — 0.5%** | **Australia — 0.5%** |
| &nbsp;&nbsp;&nbsp; APA Infrastructure Ltd., 7.13%, 11/09/83, (5-year <br> EURIBOR ICE Swap + 4.098%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | $125671 |
| Fortescue Treasury Pty. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD150 | 140697 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 54238 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 81000 |
| &nbsp;&nbsp;&nbsp; 6.13%, 04/15/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 101993 |
| Mineral Resources Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 11/01/27<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 71041 |
| &nbsp;&nbsp;&nbsp; 8.13%, 05/01/27<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 75264 |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/01/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 71671 |
| &nbsp;&nbsp;&nbsp; 9.25%, 10/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 115087 |
|  |  | 836662 |
| **Austria — 0.1%** | **Austria — 0.1%** | **Austria — 0.1%** |
| ams-OSRAM AG, 10.50%, 03/30/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 121222 |
| **Belgium — 0.2%** | **Belgium — 0.2%** | **Belgium — 0.2%** |
| Azelis Finance NV, 4.75%, 09/25/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118066 |
| Ontex Group NV, 5.25%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 116971 |
| &nbsp;&nbsp;&nbsp; Telenet Finance Luxembourg Notes SARL, 3.50%, <br> 03/01/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 113777 |
|  |  | 348814 |
| **Canada — 3.5%** | **Canada — 3.5%** | **Canada — 3.5%** |
| 1011778 BC ULC/New Red Finance Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 90023 |
| &nbsp;&nbsp;&nbsp; 3.88%, 01/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD170 | 163610 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD325 | 300889 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 68482 |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 50355 |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 128050 |
| Air Canada |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/15/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 123736 |
| &nbsp;&nbsp;&nbsp; 4.63%, 08/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; CAD213 | 152159 |
| AtkinsRealis Group Inc., 7.00%, 06/12/26 | &nbsp;&nbsp;&nbsp; CAD25 | 18568 |
| AutoCanada Inc., 5.75%, 02/07/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; CAD75 | 52067 |
| &nbsp;&nbsp;&nbsp; Bausch Health Companies Inc., 5.00%, <br> 02/15/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD50 | 35171 |
| Baytex Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 7.38%, 03/15/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 48318 |
| &nbsp;&nbsp;&nbsp; 8.50%, 04/30/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 101683 |
| Bell Telephone Co. of Canada or Bell Canada |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/15/55, (5-year CMT + 2.390%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 101942 |
| &nbsp;&nbsp;&nbsp; 7.00%, 09/15/55, (5-year CMT + 2.363%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD150 | 152456 |
| Bombardier Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 75397 |
| &nbsp;&nbsp;&nbsp; 6.75%, 06/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 66787 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/01/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 93150 |
| &nbsp;&nbsp;&nbsp; 7.25%, 07/01/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 73101 |
| &nbsp;&nbsp;&nbsp; 7.50%, 02/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 88268 |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/15/27<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD18 | 18045 |
| &nbsp;&nbsp;&nbsp; 8.75%, 11/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 80722 |
| &nbsp;&nbsp;&nbsp; Brookfield Residential Properties Inc./Brookfield <br> Residential U.S. LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 45491 |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD57 | 56858 |
| Cineplex Inc., 7.63%, 03/31/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; CAD150 | 113117 |
| Garda World Security Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 59404 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49026 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Canada (continued)** | **Canada (continued)** | **Canada (continued)** |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/15/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD55 | $56630 |
| &nbsp;&nbsp;&nbsp; 8.25%, 08/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 61800 |
| &nbsp;&nbsp;&nbsp; 8.38%, 11/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 103060 |
| GFL Environmental Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/01/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 72685 |
| &nbsp;&nbsp;&nbsp; 4.38%, 08/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 53081 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 73366 |
| goeasy Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 7.38%, 10/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 50898 |
| &nbsp;&nbsp;&nbsp; 7.63%, 07/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 67016 |
| &nbsp;&nbsp;&nbsp; 9.25%, 12/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 52942 |
| &nbsp;&nbsp;&nbsp; Series 144\*, 6.88%, Series 144\*, 05/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 55266 |
| &nbsp;&nbsp;&nbsp; Husky Injection Molding Systems Ltd./Titan <br> Co-Borrower LLC, 9.00%, 02/15/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD110 | 113390 |
| Jones Deslauriers Insurance Management Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 8.50%, 03/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 79125 |
| &nbsp;&nbsp;&nbsp; 10.50%, 12/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 53314 |
| Kronos Acquisition Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 8.25%, 06/30/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 39014 |
| &nbsp;&nbsp;&nbsp; 10.75%, 06/30/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 40353 |
| Mattamy Group Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 61978 |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD35 | 34767 |
| Mattr Corp., 7.25%, 04/02/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; CAD65 | 48128 |
| Methanex Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 10/15/27 | &nbsp;&nbsp;&nbsp; USD85 | 84504 |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 63862 |
| NOVA Chemicals Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD57 | 54435 |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/01/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 109323 |
| &nbsp;&nbsp;&nbsp; 7.00%, 12/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 52411 |
| &nbsp;&nbsp;&nbsp; 8.50%, 11/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 52512 |
| &nbsp;&nbsp;&nbsp; 9.00%, 02/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 64471 |
| NuVista Energy Ltd., 7.88%, 07/23/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; CAD50 | 36111 |
| Open Text Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 110748 |
| &nbsp;&nbsp;&nbsp; 3.88%, 12/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 74917 |
| Open Text Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 84395 |
| &nbsp;&nbsp;&nbsp; 4.13%, 12/01/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD68 | 61927 |
| Parkland Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 06/16/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; CAD75 | 54035 |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/26/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; CAD100 | 70923 |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 91424 |
| &nbsp;&nbsp;&nbsp; 4.63%, 05/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 76688 |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 40033 |
| &nbsp;&nbsp;&nbsp; 6.63%, 08/15/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 71516 |
| RB Global Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 61492 |
| &nbsp;&nbsp;&nbsp; 7.75%, 03/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 94427 |
| Rogers Communications Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/15/82, (5-year CMT + 3.590%)<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 74101 |
| &nbsp;&nbsp;&nbsp; 7.00%, 04/15/55, (5-year CMT + 2.653%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 127987 |
| &nbsp;&nbsp;&nbsp; 7.13%, 04/15/55, (5-year CMT + 2.620%)<sup>(b)(d)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 102206 |
| &nbsp;&nbsp;&nbsp; Sleep Country Canada Holdings Inc., 6.63%, <br> 11/28/32<br>| &nbsp;&nbsp;&nbsp; CAD100 | 72007 |
| South Bow Canadian Infrastructure Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 03/01/55, (5-year CMT + 3.667%)<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 77842 |
| &nbsp;&nbsp;&nbsp; 7.63%, 03/01/55, (5-year CMT + 3.949%)<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 51625 |
| Superior Plus LP, 4.25%, 05/18/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; CAD50 | 35431 |
| Tamarack Valley Energy Ltd., 7.25%, 05/10/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; CAD50 | 36715 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Canada (continued)** | **Canada (continued)** | **Canada (continued)** |
| TELUS Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 10/15/55, (5-year CMT + 2.709%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD75 | $75894 |
| &nbsp;&nbsp;&nbsp; 7.00%, 10/15/55, (1-day SOFR + 1.350%)<sup>(b)(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 76201 |
| Wrangler Holdco Corp., 6.63%, 04/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 67136 |
|  |  | 5730987 |
| **Cayman Islands — 0.1%** | **Cayman Islands — 0.1%** | **Cayman Islands — 0.1%** |
| &nbsp;&nbsp;&nbsp; Global Aircraft Leasing Co. Ltd., 8.75%, <br> 09/01/27<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD125 | 129121 |
| **China — 0.0%** | **China — 0.0%** | **China — 0.0%** |
| Swissport Investments SA, 6.75%, 12/15/21<sup>(a)(e)(f)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 1 |
| **Czech Republic — 0.1%** | **Czech Republic — 0.1%** | **Czech Republic — 0.1%** |
| &nbsp;&nbsp;&nbsp; Allwyn Entertainment Financing U.K. PLC, 7.25%, <br> 04/30/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 120939 |
| **Denmark — 0.2%** | **Denmark — 0.2%** | **Denmark — 0.2%** |
| Orsted A/S |  |  |
| &nbsp;&nbsp;&nbsp; 1.50%, (5-year EUR Swap + 1.860%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 94168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.50%, (5-year UK Government Bond + <br> 2.136%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 99098 |
| &nbsp;&nbsp;&nbsp; Orsted AS, 5.25%, (5-year EUR Swap + <br> 2.619%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 116624 |
|  |  | 309890 |
| **Finland — 0.1%** | **Finland — 0.1%** | **Finland — 0.1%** |
| Finnair OYJ, 4.75%, 05/24/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117449 |
| Mehilainen Yhtiot Oy, 5.13%, 06/30/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 114800 |
|  |  | 232249 |
| **France — 5.2%** | **France — 5.2%** | **France — 5.2%** |
| Afflelou SAS, 6.00%, 07/25/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 119309 |
| Air France-KLM |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 05/31/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117973 |
| &nbsp;&nbsp;&nbsp; 8.13%, 05/31/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 128546 |
| Altice France SA |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 38891 |
| &nbsp;&nbsp;&nbsp; 5.13%, 07/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD275 | 238642 |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD150 | 133312 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD200 | 173702 |
| &nbsp;&nbsp;&nbsp; 8.13%, 02/01/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD175 | 162647 |
| Altice France SA/France |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 99148 |
| &nbsp;&nbsp;&nbsp; 4.13%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 100012 |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 99965 |
| &nbsp;&nbsp;&nbsp; 5.88%, 02/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 104221 |
| Banijay Entertainment SASU, 7.00%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 119058 |
| CAB SELAS, 3.38%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 108936 |
| Cerba Healthcare SACA, 3.50%, 05/31/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 81595 |
| Chrome Holdco SASU, 5.00%, 05/31/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 14068 |
| CMA CGM SA, 5.50%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 119180 |
| &nbsp;&nbsp;&nbsp; Electricite de France SA, 9.13%, (5-year CMT + <br> 5.411%)<sup>(b)(c)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD150 | 172074 |
| Elior Group SA, 5.63%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118187 |
| ELO SACA |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/17/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR200 | 234697 |
| &nbsp;&nbsp;&nbsp; 6.00%, 03/22/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118839 |
| Emeria SASU, 3.38%, 03/31/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 97067 |
| Eramet SA, 7.00%, 05/22/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 116957 |
| Eutelsat SA |  |  |
| &nbsp;&nbsp;&nbsp; 1.50%, 10/13/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 104798 |
| &nbsp;&nbsp;&nbsp; 9.75%, 04/13/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 123806 |
| Fnac Darty SA, 6.00%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 119229 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **France (continued)** | **France (continued)** | **France (continued)** |
| Forvia SE |  |  |
| &nbsp;&nbsp;&nbsp; 2.38%, 06/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | $112456 |
| &nbsp;&nbsp;&nbsp; 2.75%, 02/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 113124 |
| &nbsp;&nbsp;&nbsp; 3.75%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 113726 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117192 |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 116280 |
| &nbsp;&nbsp;&nbsp; 5.63%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 116619 |
| Getlink SE, 4.13%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117037 |
| Goldstory SAS, 6.75%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118767 |
| &nbsp;&nbsp;&nbsp; Holding d'Infrastructures des Metiers de <br> l'Environnement<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 10/24/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118772 |
| &nbsp;&nbsp;&nbsp; Series ., 0.63%, Series ., 09/16/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 104809 |
| Iliad Holding SASU |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 10/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 116129 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 122395 |
| &nbsp;&nbsp;&nbsp; 7.00%, 10/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 101536 |
| &nbsp;&nbsp;&nbsp; 7.00%, 04/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 102625 |
| &nbsp;&nbsp;&nbsp; 8.50%, 04/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 123379 |
| iliad SA |  |  |
| &nbsp;&nbsp;&nbsp; 1.88%, 02/11/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 111042 |
| &nbsp;&nbsp;&nbsp; 4.25%, 12/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 116160 |
| &nbsp;&nbsp;&nbsp; 5.38%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 120776 |
| &nbsp;&nbsp;&nbsp; Series ., 5.38%, Series ., 05/02/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 122828 |
| IPD 3 BV, 5.50%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115805 |
| Laboratoire Eimer Selas, 5.00%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 105283 |
| Loxam SAS |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117984 |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/31/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR125 | 148419 |
| Mobilux Finance SAS, 7.00%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 120261 |
| Nexans SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 05/29/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117422 |
| &nbsp;&nbsp;&nbsp; 4.25%, 03/11/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118129 |
| Opal Bidco SAS |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/31/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117164 |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/31/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 101000 |
| Opmobility, 4.88%, 03/13/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118910 |
| OVH Groupe SA, 4.75%, 02/05/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 116297 |
| Paprec Holding SA, 4.13%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 116236 |
| Picard Groupe SAS, 6.38%, 07/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 119145 |
| RCI Banque SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/24/37, (5-year EURIBOR ICE Swap <br> + 2.200%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/09/34, (5-year EURIBOR ICE Swap <br> + 2.750%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 119050 |
| Renault SA |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 06/02/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 113181 |
| &nbsp;&nbsp;&nbsp; 2.50%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 113152 |
| Rexel SA, 2.13%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 110275 |
| Seche Environnement SACA, 4.50%, 03/25/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 116249 |
| SNF Group SACA, 4.50%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117346 |
| SPIE SA, 3.75%, 05/28/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115756 |
| Tereos Finance Groupe I SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/30/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 114618 |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/30/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 112036 |
| Valeo SE |  |  |
| &nbsp;&nbsp;&nbsp; 1.00%, 08/03/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 105800 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/11/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 114430 |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/28/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118217 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/12/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 122072 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **France (continued)** | **France (continued)** | **France (continued)** |
| Viridien, 8.50%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | $113966 |
|  |  | 8604448 |
| **Germany — 3.5%** | **Germany — 3.5%** | **Germany — 3.5%** |
| &nbsp;&nbsp;&nbsp; Aareal Bank AG, 5.63%, 12/12/34, (5-year <br> EURIBOR ICE Swap + 3.250%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 118927 |
| Alstria Office AG, 5.50%, 03/20/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 116623 |
| Bayer AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/25/82, (5-year EUR Swap + <br> 4.458%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 116324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/13/54, (5-year EURIBOR ICE Swap <br> + 3.269%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 118519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 09/25/83, (5-year EUR Swap + <br> 3.432%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 122170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 09/25/83, (5-year EUR Swap + <br> 3.896%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 124344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series N5.5, 4.50%, Series N5.5, 03/25/82, <br> (5-year EUR Swap + 3.751%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115225 |
| &nbsp;&nbsp;&nbsp; Bertelsmann SE & Co. KGaA, 3.50%, 04/23/75, <br> (5-year EUR Swap + 3.206%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 114247 |
| Birkenstock Financing SARL, 5.25%, 04/30/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115602 |
| Cheplapharm Arzneimittel GmbH |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 113113 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117511 |
| CT Investment GmbH, 6.38%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118313 |
| Dynamo Newco II GmbH, 6.25%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118482 |
| &nbsp;&nbsp;&nbsp; Evonik Industries AG, 1.38%, 09/02/81, (5-year <br> EUR Swap + 1.836%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 110871 |
| Fressnapf Holding SE, 5.25%, 10/31/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 116615 |
| Gruenenthal GmbH |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 116030 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 120429 |
| IHO Verwaltungs GmbH |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/15/29, (6.38% Cash)<sup>(c)(h)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 50042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 11/15/29, (6.75% cash and 7.50% <br> PIK)<sup>(a)(h)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 119826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 11/15/31, (7.00 % in Cash and 7.75 % in <br> PIK)<sup>(a)(h)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 122147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 11/15/30, (7.75 % in Cash and 8.5 % in <br> PIK)<sup>(c)(h)</sup><br>| &nbsp;&nbsp;&nbsp; USD100 | 103100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 11/15/32, (8.00% Cash and 8.75% <br> PIK)<sup>(c)(h)</sup><br>| &nbsp;&nbsp;&nbsp; USD25 | 25688 |
| Mahle GmbH, 6.50%, 05/02/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 114983 |
| Mercer International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/01/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 68501 |
| &nbsp;&nbsp;&nbsp; 12.88%, 10/01/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 45402 |
| METRO AG, 4.00%, 03/05/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117814 |
| Motel One GmbH/Muenchen, 7.75%, 04/02/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 123445 |
| &nbsp;&nbsp;&nbsp; Nidda Healthcare Holding GmbH, 5.63%, <br> 02/21/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 117229 |
| &nbsp;&nbsp;&nbsp; Phoenix PIB Dutch Finance BV, 4.88%, <br> 07/10/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 119403 |
| ProGroup AG, 5.38%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 112181 |
| Schaeffler AG |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 03/26/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR75 | 85779 |
| &nbsp;&nbsp;&nbsp; 3.38%, 10/12/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 113849 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/28/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115746 |
| &nbsp;&nbsp;&nbsp; 4.75%, 08/14/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117179 |
| &nbsp;&nbsp;&nbsp; 5.38%, 04/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117701 |
| &nbsp;&nbsp;&nbsp; Techem Verwaltungsgesellschaft 675 mbH, 5.38%, <br> 07/15/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 118268 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Germany (continued)** | **Germany (continued)** | **Germany (continued)** |
| &nbsp;&nbsp;&nbsp; Tele Columbus AG, 10.00%, 01/01/29, (10.00% <br> PIK)<sup>(a)(h)</sup><br>| &nbsp;&nbsp;&nbsp; EUR105 | $81790 |
| TK Elevator Midco GmbH, 4.38%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 114076 |
| TK Elevator U.S. Newco Inc., 5.25%, 07/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD175 | 174210 |
| TUI AG, 5.88%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 119062 |
| TUI Cruises GmbH, 6.25%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 119371 |
| &nbsp;&nbsp;&nbsp; WEPA Hygieneprodukte GmbH, 5.63%, <br> 01/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 119426 |
| ZF Europe Finance BV |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 10/23/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 108227 |
| &nbsp;&nbsp;&nbsp; 3.00%, 10/23/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 100365 |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/13/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 113953 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/12/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115157 |
| ZF Finance GmbH |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 05/06/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 109083 |
| &nbsp;&nbsp;&nbsp; 2.75%, 05/25/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 110205 |
| &nbsp;&nbsp;&nbsp; 3.75%, 09/21/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 106952 |
| ZF North America Capital Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/23/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD150 | 142867 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/14/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 74707 |
| &nbsp;&nbsp;&nbsp; 7.13%, 04/14/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 72656 |
|  |  | 5683735 |
| **Greece — 0.4%** | **Greece — 0.4%** | **Greece — 0.4%** |
| Alpha Bank SA, 4.31%, 07/23/36<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 114757 |
| &nbsp;&nbsp;&nbsp; Eurobank Ergasias Services and Holdings SA, <br> 10.00%, 12/06/32, (5-year EUR Swap + <br> 7.588%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 130844 |
| Metlen Energy & Metals SA, 4.00%, 10/17/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117000 |
| &nbsp;&nbsp;&nbsp; National Bank of Greece SA, 5.88%, 06/28/35, <br> (5-year EURIBOR ICE Swap + 3.154%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 123926 |
| &nbsp;&nbsp;&nbsp; Piraeus Financial Holdings SA, 7.25%, 04/17/34, <br> (5-year EUR Swap + 4.773%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 125705 |
| Public Power Corp. SA, 4.63%, 10/31/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117112 |
|  |  | 729344 |
| **Hong Kong — 0.2%** | **Hong Kong — 0.2%** | **Hong Kong — 0.2%** |
| Melco Resorts Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 12/04/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD135 | 128628 |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/21/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 122822 |
| &nbsp;&nbsp;&nbsp; 7.63%, 04/17/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 102875 |
|  |  | 354325 |
| **Ireland — 0.3%** | **Ireland — 0.3%** | **Ireland — 0.3%** |
| &nbsp;&nbsp;&nbsp; Ardagh Packaging Finance PLC/Ardagh Holdings <br> USA Inc., 5.25%, 08/15/27<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD75 | 37283 |
| eircom Finance DAC, 5.00%, 04/30/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115618 |
| &nbsp;&nbsp;&nbsp; Energia Group Roi Financeco DAC, 6.88%, <br> 07/31/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 118113 |
| GGAM Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 50191 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 46364 |
| &nbsp;&nbsp;&nbsp; 8.00%, 02/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 72134 |
| &nbsp;&nbsp;&nbsp; 8.00%, 06/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 74019 |
|  |  | 513722 |
| **Israel — 1.1%** | **Israel — 1.1%** | **Israel — 1.1%** |
| Energian Israel Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/30/28<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; USD56 | 53930 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/30/31<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 65303 |
| &nbsp;&nbsp;&nbsp; 8.50%, 09/30/33<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 93193 |
| Leviathan Bond Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/30/27<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 54724 |
| &nbsp;&nbsp;&nbsp; 6.75%, 06/30/30<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 59335 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Israel (continued)** | **Israel (continued)** | **Israel (continued)** |
| Teva Pharmaceutical Finance Netherlands II BV |  |  |
| &nbsp;&nbsp;&nbsp; 1.63%, 10/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | $108551 |
| &nbsp;&nbsp;&nbsp; 1.88%, 03/31/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 112023 |
| &nbsp;&nbsp;&nbsp; 3.75%, 05/09/27 | &nbsp;&nbsp;&nbsp; EUR100 | 115237 |
| &nbsp;&nbsp;&nbsp; 4.13%, 06/01/31 | &nbsp;&nbsp;&nbsp; EUR125 | 143465 |
| &nbsp;&nbsp;&nbsp; 4.38%, 05/09/30 | &nbsp;&nbsp;&nbsp; EUR150 | 175235 |
| &nbsp;&nbsp;&nbsp; 7.38%, 09/15/29 | &nbsp;&nbsp;&nbsp; EUR100 | 129580 |
| Teva Pharmaceutical Finance Netherlands III BV |  |  |
| &nbsp;&nbsp;&nbsp; 3.15%, 10/01/26 | &nbsp;&nbsp;&nbsp; USD161 | 157434 |
| &nbsp;&nbsp;&nbsp; 4.75%, 05/09/27 | &nbsp;&nbsp;&nbsp; USD100 | 99256 |
| &nbsp;&nbsp;&nbsp; 6.00%, 12/01/32 | &nbsp;&nbsp;&nbsp; USD50 | 50945 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/28 | &nbsp;&nbsp;&nbsp; USD150 | 155091 |
| &nbsp;&nbsp;&nbsp; 8.13%, 09/15/31 | &nbsp;&nbsp;&nbsp; USD75 | 84904 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands IV BV, <br> 5.75%, 12/01/30<br>| &nbsp;&nbsp;&nbsp; USD100 | 101320 |
|  |  | 1759526 |
| **Italy — 3.5%** | **Italy — 3.5%** | **Italy — 3.5%** |
| Agrifarma SpA, 4.50%, 10/31/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 114444 |
| &nbsp;&nbsp;&nbsp; Almaviva-The Italian Innovation Co. SpA, 5.00%, <br> 10/30/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115602 |
| Banca IFIS SpA |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 113832 |
| &nbsp;&nbsp;&nbsp; 6.13%, 01/19/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 119231 |
| Banca Monte dei Paschi di Siena SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 05/28/31, (5-year EURIBOR ICE Swap <br> + 4.859%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/15/29, (3-mo. EURIBOR + <br> 2.047%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 119365 |
| &nbsp;&nbsp;&nbsp; 10.50%, 07/23/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 143303 |
| &nbsp;&nbsp;&nbsp; Banca Popolare di Sondrio SpA, 3.88%, 02/25/32, <br> (5-year EUR Swap + 3.958%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 114826 |
| &nbsp;&nbsp;&nbsp; Banco BPM SpA, 4.50%, 11/26/36, (5-year <br> EURIBOR ICE Swap + 2.250%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR200 | 232942 |
| &nbsp;&nbsp;&nbsp; BFF Bank SpA, 4.88%, 03/30/28, (1-year <br> EURIBOR ICE Swap + 2.622%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 117169 |
| &nbsp;&nbsp;&nbsp; BPER Banca SpA, 3.88%, 07/25/32, (5-year EUR <br> Swap + 3.728%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR200 | 229784 |
| Bubbles Holdco SPA, 6.50%, 09/30/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117306 |
| Cerved Group SpA, 6.00%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 107289 |
| Dolcetto Holdco SpA, 5.63%, 07/14/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 116165 |
| &nbsp;&nbsp;&nbsp; Engineering - Ingegneria Informatica - SpA, <br> 8.63%, 02/15/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 123310 |
| Eolo SpA, 4.88%, 10/21/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 109010 |
| Fiber Bidco SpA, 6.13%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 110335 |
| Fibercop SpA |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/30/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR125 | 144977 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/30/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115410 |
| &nbsp;&nbsp;&nbsp; Series 2036, 7.20%, Series 2036, 07/18/36<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD225 | 222395 |
| Guala Closures SpA, 3.25%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 111846 |
| &nbsp;&nbsp;&nbsp; IMA Industria Macchine Automatiche SpA, 3.75%, <br> 01/15/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 113409 |
| Infrastrutture Wireless Italiane SpA |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 04/19/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 105432 |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 116083 |
| Itelyum Regeneration SpA, 5.75%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 116723 |
| Lottomatica Group SpA, 4.88%, 01/31/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117821 |
| Lottomatica SpA/Roma, 5.38%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118654 |
| &nbsp;&nbsp;&nbsp; Mediobanca Banca di Credito Finanziario SpA, <br> 4.25%, 09/18/35, (5-year EURIBOR ICE Swap <br> + 1.750%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR200 | 231699 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Italy (continued)** | **Italy (continued)** | **Italy (continued)** |
| Mundys SpA |  |  |
| &nbsp;&nbsp;&nbsp; 1.88%, 07/13/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | $112411 |
| &nbsp;&nbsp;&nbsp; 1.88%, 02/12/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 110952 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/24/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 119715 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/24/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 119656 |
| Optics Bidco SpA |  |  |
| &nbsp;&nbsp;&nbsp; 1.63%, 01/18/29 | &nbsp;&nbsp;&nbsp; EUR100 | 106358 |
| &nbsp;&nbsp;&nbsp; 6.88%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 122405 |
| &nbsp;&nbsp;&nbsp; 7.88%, 07/31/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 126613 |
| Rekeep SpA, 9.00%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115572 |
| Rossini SARL, 6.75%, 12/31/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 120316 |
| &nbsp;&nbsp;&nbsp; Saipem Finance International BV, 3.13%, <br> 03/31/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 114362 |
| TeamSystem SpA, 5.00%, 07/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115197 |
| Telecom Italia SpA, 7.88%, 07/31/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 127883 |
| Telecom Italia SpA/Milano |  |  |
| &nbsp;&nbsp;&nbsp; 1.63%, 01/18/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 107903 |
| &nbsp;&nbsp;&nbsp; 2.38%, 10/12/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 114498 |
| UnipolSai Assicurazioni SpA, 4.90%, 05/23/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 120238 |
| Webuild SpA |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 01/28/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115113 |
| &nbsp;&nbsp;&nbsp; 7.00%, 09/27/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 124728 |
|  |  | 5727282 |
| **Japan — 1.4%** | **Japan — 1.4%** | **Japan — 1.4%** |
| Nissan Motor Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.20%, 09/17/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 111330 |
| &nbsp;&nbsp;&nbsp; 4.35%, 09/17/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD350 | 340171 |
| &nbsp;&nbsp;&nbsp; 4.81%, 09/17/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD275 | 252720 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/17/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115580 |
| &nbsp;&nbsp;&nbsp; 7.50%, 07/17/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD200 | 206221 |
| Rakuten Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, (5-year CMT + 4.956%)<sup>(b)(c)(g)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 102658 |
| &nbsp;&nbsp;&nbsp; 8.13%, (5-year CMT + 4.250%)<sup>(b)(c)(g)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49514 |
| &nbsp;&nbsp;&nbsp; 9.75%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 275100 |
| &nbsp;&nbsp;&nbsp; 11.25%, 02/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD200 | 216962 |
| SoftBank Group Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 01/06/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 112873 |
| &nbsp;&nbsp;&nbsp; 3.88%, 07/06/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 105610 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/19/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR125 | 139682 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/10/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115798 |
| &nbsp;&nbsp;&nbsp; 5.38%, 01/08/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 116665 |
| &nbsp;&nbsp;&nbsp; Series ., 5.88%, Series ., 07/10/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117762 |
|  |  | 2378646 |
| **Jersey — 0.2%** | **Jersey — 0.2%** | **Jersey — 0.2%** |
| Aston Martin Capital Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 10.00%, 03/31/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 118849 |
| &nbsp;&nbsp;&nbsp; 10.38%, 03/31/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; GBP100 | 123397 |
|  |  | 242246 |
| **Luxembourg — 1.9%** | **Luxembourg — 1.9%** | **Luxembourg — 1.9%** |
| Albion Financing 1 SARL / Aggreko Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/21/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117866 |
| &nbsp;&nbsp;&nbsp; 7.00%, 05/21/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD175 | 180250 |
| Altice Financing SA |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 88348 |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 87976 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD135 | 107538 |
| &nbsp;&nbsp;&nbsp; 5.75%, 08/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 191250 |
| Altice Finco SA, 4.75%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 42268 |
| Altice France SA, 6.00%, 02/15/28<sup>(c)(e)(f)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 36802 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Luxembourg (continued)** | **Luxembourg (continued)** | **Luxembourg (continued)** |
| &nbsp;&nbsp;&nbsp; ARD Finance SA, 5.00%, 06/30/27, (5.00% Cash <br> and 5.75% PIK)<sup>(a)(h)</sup><br>| &nbsp;&nbsp;&nbsp; EUR106 | $4115 |
| Cidron Aida Finco Sarl, 7.00%, 10/27/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117530 |
| Currenta Group Holdings Sarl, 5.50%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117032 |
| Ephios Subco 3 SARL, 7.88%, 01/31/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 122745 |
| Essendi SA |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117360 |
| &nbsp;&nbsp;&nbsp; 6.38%, 10/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 120176 |
| Garfunkelux Holdco 3 SA, 9.00%, 09/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR17 | 20314 |
| Garfunkelux Holdco 4 SA, 10.50%, 05/01/30<sup>(a)(h)</sup> | &nbsp;&nbsp;&nbsp; EUR13 | 2716 |
| Herens Midco SARL, 5.25%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 80545 |
| Ineos Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 108805 |
| &nbsp;&nbsp;&nbsp; 6.38%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 114240 |
| INEOS Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 73906 |
| &nbsp;&nbsp;&nbsp; 7.50%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 74494 |
| ION Trading Technologies SARL |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 72579 |
| &nbsp;&nbsp;&nbsp; 9.50%, 05/30/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 78215 |
| &nbsp;&nbsp;&nbsp; Kleopatra Finco SARL, 9.00%, 09/01/29, (6.50 % <br> in Cash and 2.50 % in PIK)<sup>(a)(h)</sup><br>| &nbsp;&nbsp;&nbsp; EUR101 | 86653 |
| &nbsp;&nbsp;&nbsp; LHMC Finco 2 Sarl, 8.63%, 05/15/30, (8.63 % in <br> Cash and 9.38 % in PIK)<sup>(a)(h)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 119895 |
| Luna 2 5SARL, 5.50%, 07/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117799 |
| Matterhorn Telecom SA, 4.50%, 01/30/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117749 |
| PLT VII Finance SARL, 6.00%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118458 |
| &nbsp;&nbsp;&nbsp; SES SA, 5.50%, 09/12/54, (5-year EURIBOR ICE <br> Swap + 3.232%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR125 | 140837 |
| Summer BC Holdco B SARL, 5.88%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 111935 |
| Vivion Investments SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 08/31/28, (6.50 % Cash and 1.40 % <br> PIK)<sup>(a)(h)</sup><br>| &nbsp;&nbsp;&nbsp; EUR101 | 114196 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/28/29, (6.50 % PIK)<sup>(a)(h)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 111575 |
|  |  | 3116167 |
| **Macau — 0.4%** | **Macau — 0.4%** | **Macau — 0.4%** |
| MGM China Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/01/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 74379 |
| &nbsp;&nbsp;&nbsp; 7.13%, 06/26/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 51979 |
| Studio City Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD120 | 112500 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 59400 |
| Wynn Macau Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 12/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 120249 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/01/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 74732 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/26/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 123637 |
|  |  | 616876 |
| **Netherlands — 1.3%** | **Netherlands — 1.3%** | **Netherlands — 1.3%** |
| Boels Topholding BV, 5.75%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118875 |
| &nbsp;&nbsp;&nbsp; Boost Newco Borrower LLC/GTCR W Dutch <br> Finance Sub BV, 8.50%, 01/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 142120 |
| Flora Food Management BV, 6.88%, 07/02/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115007 |
| Odido Holding BV, 3.75%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 113446 |
| Q-Park Holding I BV |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 03/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR150 | 168390 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118381 |
| Sunrise FinCo I BV |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115231 |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD150 | 141382 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Netherlands (continued)** | **Netherlands (continued)** | **Netherlands (continued)** |
| Trivium Packaging Finance BV |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | $118814 |
| &nbsp;&nbsp;&nbsp; 8.25%, 07/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 78909 |
| &nbsp;&nbsp;&nbsp; 12.25%, 01/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 78751 |
| UPCB Finance VII Ltd., 3.63%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 113575 |
| Versuni Group BV, 3.13%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 111098 |
| VZ Secured Financing BV, 5.00%, 01/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD175 | 154183 |
| Ziggo Bond Co. BV |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 02/28/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 98485 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/28/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 43613 |
| &nbsp;&nbsp;&nbsp; 6.13%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR125 | 131950 |
| Ziggo BV |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 107423 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 101618 |
|  |  | 2171251 |
| **Norway — 0.1%** | **Norway — 0.1%** | **Norway — 0.1%** |
| &nbsp;&nbsp;&nbsp; Var Energi ASA, 7.86%, 11/15/83, (5-year <br> EURIBOR ICE Swap + 4.765%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 125638 |
| **Poland — 0.1%** | **Poland — 0.1%** | **Poland — 0.1%** |
| &nbsp;&nbsp;&nbsp; Transportes Aereos Portugueses SA, 5.13%, <br> 11/15/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 117764 |
| **Portugal — 0.4%** | **Portugal — 0.4%** | **Portugal — 0.4%** |
| &nbsp;&nbsp;&nbsp; Caixa Economica Montepio Geral Caixa <br> Economica Bancaria SA, 5.63%, 05/29/28, <br> (3-mo. EURIBOR + 2.600%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 118972 |
| EDP SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 03/14/82, (5-year EUR Swap + <br> 1.888%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 111403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 03/14/82, (5-year EUR Swap + <br> 2.080%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 105477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 09/16/54, (5-year EURIBOR ICE Swap <br> + 2.395%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 116999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/29/54, (5-year EURIBOR ICE Swap <br> + 2.052%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 117706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.94%, 04/23/83, (5-year EUR Swap + <br> 3.184%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 121384 |
|  |  | 691941 |
| **Slovenia — 0.2%** | **Slovenia — 0.2%** | **Slovenia — 0.2%** |
| United Group BV |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 111996 |
| &nbsp;&nbsp;&nbsp; 5.25%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 113571 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117852 |
|  |  | 343419 |
| **Spain — 0.8%** | **Spain — 0.8%** | **Spain — 0.8%** |
| &nbsp;&nbsp;&nbsp; Abanca Corp. Bancaria SA, 4.63%, 12/11/36, <br> (5-year EURIBOR ICE Swap + 2.450%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 117134 |
| &nbsp;&nbsp;&nbsp; Atlantica Sustainable Infrastructure Ltd., 4.13%, <br> 06/15/28<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD50 | 48315 |
| &nbsp;&nbsp;&nbsp; California Buyer Ltd./Atlantica Sustainable <br> Infrastructure PLC, 6.38%, 02/15/32<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD75 | 75939 |
| Cirsa Finance International SARL |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 07/31/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118672 |
| &nbsp;&nbsp;&nbsp; 10.38%, 11/30/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR90 | 107632 |
| eDreams ODIGEO SA, 4.88%, 12/30/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115455 |
| Grifols SA |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 11/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 112467 |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR125 | 139525 |
| Grupo Antolin-Irausa SA, 3.50%, 04/30/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 70255 |
| Kaixo Bondco Telecom SA, 5.13%, 09/30/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115640 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Spain (continued)** | **Spain (continued)** | **Spain (continued)** |
| Lorca Telecom Bondco SA, 4.00%, 09/18/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR150 | $171244 |
| &nbsp;&nbsp;&nbsp; Unicaja Banco SA, 5.50%, 06/22/34, (5-year EUR <br> Swap + 2.800%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 120865 |
|  |  | 1313143 |
| **Sweden — 0.9%** | **Sweden — 0.9%** | **Sweden — 0.9%** |
| Assemblin Caverion Group AB, 6.25%, 07/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 119361 |
| Dometic Group AB, 2.00%, 09/29/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 106769 |
| Heimstaden AB, 8.38%, 01/29/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118447 |
| Intrum Investments And Financing AB |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 09/11/27 | &nbsp;&nbsp;&nbsp; EUR36 | 38838 |
| &nbsp;&nbsp;&nbsp; 7.75%, 09/11/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR45 | 46683 |
| &nbsp;&nbsp;&nbsp; 8.00%, 09/11/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR174 | 203022 |
| &nbsp;&nbsp;&nbsp; 8.50%, 09/11/29 | &nbsp;&nbsp;&nbsp; EUR46 | 46333 |
| &nbsp;&nbsp;&nbsp; 8.50%, 09/11/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR55 | 54927 |
| Stena International SA |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 01/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 101660 |
| &nbsp;&nbsp;&nbsp; 7.63%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD25 | 25706 |
| Verisure Holding AB |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 02/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 113693 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118825 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118406 |
| Verisure Midholding AB, 5.25%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 114805 |
| Volvo Car AB |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 10/07/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 112576 |
| &nbsp;&nbsp;&nbsp; 4.75%, 05/08/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 116563 |
|  |  | 1556614 |
| **Switzerland — 0.3%** | **Switzerland — 0.3%** | **Switzerland — 0.3%** |
| Dufry One BV |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 02/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 112278 |
| &nbsp;&nbsp;&nbsp; 3.38%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 113901 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/18/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117476 |
| &nbsp;&nbsp;&nbsp; VistaJet Malta Finance PLC/Vista Management <br> Holding Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 02/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 89775 |
| &nbsp;&nbsp;&nbsp; 7.88%, 05/01/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 70231 |
| &nbsp;&nbsp;&nbsp; 9.50%, 06/01/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 51360 |
|  |  | 555021 |
| **United Kingdom — 5.8%** | **United Kingdom — 5.8%** | **United Kingdom — 5.8%** |
| 888 Acquisitions Ltd., 7.56%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115182 |
| &nbsp;&nbsp;&nbsp; Alexandrite Monnet U.K. Holdco PLC, 10.50%, <br> 05/15/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 125398 |
| Amber Finco PLC, 6.63%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 120491 |
| Ardonagh Finco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118430 |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 130254 |
| Ardonagh Group Finance Ltd., 8.88%, 02/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD175 | 184235 |
| &nbsp;&nbsp;&nbsp; B&M European Value Retail SA, 8.13%, <br> 11/15/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 140238 |
| &nbsp;&nbsp;&nbsp; BCP V Modular Services Finance II PLC, 4.75%, <br> 11/30/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR150 | 166730 |
| Bellis Acquisition Co. PLC |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 07/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115017 |
| &nbsp;&nbsp;&nbsp; 8.13%, 05/14/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; GBP225 | 282130 |
| Belron U.K. Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117530 |
| &nbsp;&nbsp;&nbsp; 5.75%, 10/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 126125 |
| British Telecommunications PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 11/23/81, (5-year CMT + 2.985%)<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49269 |
| &nbsp;&nbsp;&nbsp; 4.88%, 11/23/81, (5-year CMT + 3.493%)<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 42310 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United Kingdom (continued)** | **United Kingdom (continued)** | **United Kingdom (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 10/03/54, (5-year EURIBOR ICE Swap <br> + 2.542%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | $119451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 12/20/83, (5-year UK Government Bond <br> + 3.820%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 142278 |
| &nbsp;&nbsp;&nbsp; California Buyer Ltd./Atlantica Sustainable <br> Infrastructure PLC, 5.63%, 02/15/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 119245 |
| CD&R Firefly Bidco PLC, 8.63%, 04/30/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; GBP100 | 136556 |
| &nbsp;&nbsp;&nbsp; Connect Finco SARL/Connect U.S. Finco LLC, <br> 9.00%, 09/15/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD225 | 227182 |
| &nbsp;&nbsp;&nbsp; ContourGlobal Power Holdings SA, 5.00%, <br> 02/28/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 116560 |
| Deuce Finco PLC, 5.50%, 06/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; GBP100 | 131324 |
| Edge Finco PLC, 8.13%, 08/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; GBP100 | 139520 |
| eG Global Finance PLC, 12.00%, 11/30/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 138281 |
| Global Auto Holdings Ltd./AAG FH U.K. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 8.38%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD175 | 163062 |
| &nbsp;&nbsp;&nbsp; 8.75%, 01/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 44114 |
| Heathrow Finance PLC, 3.88%, 03/01/27<sup>(a)(i)</sup> | &nbsp;&nbsp;&nbsp; GBP100 | 128627 |
| &nbsp;&nbsp;&nbsp; Howden U.K. Refinance PLC/Howden U.K. <br> Refinance 2 PLC/Howden U.S. Refinance LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 108762 |
| &nbsp;&nbsp;&nbsp; 8.13%, 02/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 67630 |
| Iceland Bondco PLC, 10.88%, 12/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; GBP100 | 139610 |
| Ineos Quattro Finance 2 PLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 107742 |
| &nbsp;&nbsp;&nbsp; 8.50%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115358 |
| Jaguar Land Rover Automotive PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/01/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49195 |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 105429 |
| &nbsp;&nbsp;&nbsp; 6.88%, 11/15/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 119037 |
| Jerrold Finco PLC, 7.88%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; GBP100 | 136274 |
| Kane Bidco Ltd., 7.75%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; GBP100 | 133959 |
| Market Bidco Finco PLC, 8.75%, 01/31/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; GBP100 | 130787 |
| &nbsp;&nbsp;&nbsp; Merlin Entertainments Group U.S. Holdings Inc., <br> 7.38%, 02/15/31<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD50 | 44210 |
| &nbsp;&nbsp;&nbsp; Metro Bank Holdings PLC, 12.00%, 04/30/29, <br> (1-year UK Government Bond + 7.814%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 150620 |
| Mobico Group PLC, 4.88%, 09/26/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 92741 |
| Motion Bondco DAC, 6.63%, 11/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 47600 |
| Motion Finco SARL |  |  |
| &nbsp;&nbsp;&nbsp; 7.38%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 107697 |
| &nbsp;&nbsp;&nbsp; 8.38%, 02/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 44109 |
| &nbsp;&nbsp;&nbsp; NGG Finance PLC, 2.13%, 09/05/82, (5-year EUR <br> Swap + 2.532%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 111663 |
| Nomad Foods Bondco PLC, 2.50%, 06/24/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 112061 |
| &nbsp;&nbsp;&nbsp; Ocado Group PLC, Series ., 11.00%, Series ., <br> 06/15/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 134747 |
| Odeon Finco PLC, 12.75%, 11/01/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 52063 |
| OEG Finance PLC, 7.25%, 09/27/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118995 |
| Pinnacle Bidco PLC, 10.00%, 10/11/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; GBP100 | 139289 |
| Project Grand U.K. PLC, 9.00%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 121249 |
| Punch Finance PLC, 7.88%, 12/30/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; GBP100 | 134551 |
| RAY Financing LLC, 6.50%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117000 |
| &nbsp;&nbsp;&nbsp; Thames Water Super Senior Issuer PLC, 9.75%, <br> 10/10/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; GBP5 | 6546 |
| Thames Water Utilities Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 01/31/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 76114 |
| &nbsp;&nbsp;&nbsp; 2.63%, 01/24/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; GBP100 | 86965 |
| &nbsp;&nbsp;&nbsp; 2.88%, 05/03/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; GBP100 | 9963 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/18/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 78490 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/18/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 76887 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United Kingdom (continued)** | **United Kingdom (continued)** | **United Kingdom (continued)** |
| Thames Water Utilities Ltd., 0.00%, 03/22/27<sup>(a)(j)</sup> | &nbsp;&nbsp;&nbsp; GBP2 | $2484 |
| TVL Finance PLC, 10.25%, 04/28/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; GBP100 | 130980 |
| Victoria PLC, 3.63%, 08/24/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 113467 |
| Virgin Media Finance PLC, 5.00%, 07/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 90095 |
| Virgin Media Secured Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; GBP100 | 119038 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; GBP150 | 181966 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 106973 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD150 | 146462 |
| &nbsp;&nbsp;&nbsp; Virgin Media Vendor Financing Notes III DAC, <br> 4.88%, 07/15/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 127196 |
| &nbsp;&nbsp;&nbsp; Virgin Media Vendor Financing Notes IV DAC, <br> 5.00%, 07/15/28<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD75 | 72703 |
| Vmed O2 U.K. Financing I PLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 01/31/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR150 | 164688 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/31/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; GBP100 | 123427 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/31/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD150 | 136640 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD160 | 147827 |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117524 |
| &nbsp;&nbsp;&nbsp; 7.75%, 04/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 78213 |
| Vodafone Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 08/27/80, (5-year EUR Swap + <br> 3.002%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 113811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 08/27/80, (5-year EUR Swap + <br> 3.477%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 109917 |
| &nbsp;&nbsp;&nbsp; 3.25%, 06/04/81, (5-year CMT + 2.447%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 39046 |
| &nbsp;&nbsp;&nbsp; 4.13%, 06/04/81, (5-year CMT + 2.767%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 87769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 08/30/84, (5-year EUR Swap + <br> 3.489%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR150 | 188293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 04/04/79, (5-year USD Swap + <br> 4.873%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD240 | 250800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 08/30/86, (5-year UK Government Bond <br> + 3.837%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 144445 |
| Wolseley Group Finco PLC, 9.75%, 01/31/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; GBP100 | 132366 |
| Zegona Finance PLC, 6.75%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR125 | 151151 |
|  |  | 9594163 |
| **United States — 64.1%** | **United States — 64.1%** | **United States — 64.1%** |
| 1261229 BC Ltd., 10.00%, 04/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD500 | 509375 |
| Acadia Healthcare Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD58 | 56096 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/01/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD33 | 32578 |
| &nbsp;&nbsp;&nbsp; 7.38%, 03/15/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 66828 |
| Acrisure LLC/Acrisure Finance Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 66796 |
| &nbsp;&nbsp;&nbsp; 6.00%, 08/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 58387 |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD25 | 25313 |
| &nbsp;&nbsp;&nbsp; 7.50%, 11/06/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD135 | 139486 |
| &nbsp;&nbsp;&nbsp; 8.25%, 02/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 103448 |
| &nbsp;&nbsp;&nbsp; 8.50%, 06/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 62626 |
| AdaptHealth LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 08/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 56219 |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/01/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 56378 |
| Adient Global Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 04/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 51181 |
| &nbsp;&nbsp;&nbsp; 7.50%, 02/15/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 96893 |
| &nbsp;&nbsp;&nbsp; 8.25%, 04/15/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 57476 |
| ADT Security Corp. (The), 4.13%, 08/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 105295 |
| Advance Auto Parts Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.90%, 04/15/30 | &nbsp;&nbsp;&nbsp; USD50 | 45250 |
| &nbsp;&nbsp;&nbsp; 7.00%, 08/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 40214 |
| &nbsp;&nbsp;&nbsp; 7.38%, 08/01/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 45281 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| AECOM, 6.00%, 08/01/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | $65528 |
| AES Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 6.95%, 07/15/55, (5-year CMT + 2.890%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 48188 |
| &nbsp;&nbsp;&nbsp; 7.60%, 01/15/55, (5-year CMT + 3.201%)<sup>(b)(d)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 116581 |
| &nbsp;&nbsp;&nbsp; Aethon United BR LP/Aethon United Finance <br> Corp., 7.50%, 10/01/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD110 | 115322 |
| AG Issuer LLC, 6.25%, 03/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 64998 |
| AG TTMT Escrow Issuer LLC, 8.63%, 09/30/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 66835 |
| &nbsp;&nbsp;&nbsp; Albertsons Companies Inc./Safeway Inc./New <br> Albertsons LP/Albertsons LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD135 | 127264 |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD140 | 138845 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 107291 |
| &nbsp;&nbsp;&nbsp; 5.88%, 02/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 64939 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 101823 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 86370 |
| Alcoa Nederland Holding BV |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 03/31/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 47612 |
| &nbsp;&nbsp;&nbsp; 7.13%, 03/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 78223 |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC/Alliant Holdings <br> Co-Issuer<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 73406 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 54121 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 101562 |
| &nbsp;&nbsp;&nbsp; 6.75%, 10/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD155 | 155631 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD135 | 136687 |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD155 | 159399 |
| &nbsp;&nbsp;&nbsp; 7.38%, 10/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 92563 |
| Allied Universal Holdco LLC, 7.88%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD265 | 277919 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 97375 |
| &nbsp;&nbsp;&nbsp; 6.88%, 06/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 117750 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal <br> Finance Corp./Atlas Luxco 4 SARL<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 112701 |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD200 | 194139 |
| Allison Transmission Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/30/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 86671 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/01/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 54506 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 40172 |
| Ally Financial Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.65%, 01/17/40, (5-year CMT + 2.450%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 59507 |
| &nbsp;&nbsp;&nbsp; 6.70%, 02/14/33<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 51922 |
| Alpha Generation LLC, 6.75%, 10/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD120 | 122632 |
| Alumina Pty. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 76020 |
| &nbsp;&nbsp;&nbsp; 6.38%, 09/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 50665 |
| &nbsp;&nbsp;&nbsp; AMC Entertainment Holdings Inc., 7.50%, <br> 02/15/29<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp; USD105 | 88966 |
| AMC Networks Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD3 | 2400 |
| &nbsp;&nbsp;&nbsp; 10.25%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 102630 |
| &nbsp;&nbsp;&nbsp; 10.50%, 07/15/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 50875 |
| Amentum Holdings Inc., 7.25%, 08/01/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 103398 |
| American Airlines Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 66175 |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 120148 |
| &nbsp;&nbsp;&nbsp; American Airlines Inc./AAdvantage Loyalty IP Ltd., <br> 5.75%, 04/20/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD325 | 324918 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| American Axle & Manufacturing Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/29 | &nbsp;&nbsp;&nbsp; USD60 | $54513 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/01/27 | &nbsp;&nbsp;&nbsp; USD45 | 45056 |
| &nbsp;&nbsp;&nbsp; 6.88%, 07/01/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49925 |
| American Builders & Contractors Supply Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD35 | 32958 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 87607 |
| AmeriGas Partners LP/AmeriGas Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/20/27 | &nbsp;&nbsp;&nbsp; USD60 | 59658 |
| &nbsp;&nbsp;&nbsp; 9.38%, 06/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 41171 |
| &nbsp;&nbsp;&nbsp; 9.50%, 06/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 57750 |
| AmWINS Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/30/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 97033 |
| &nbsp;&nbsp;&nbsp; 6.38%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 71288 |
| &nbsp;&nbsp;&nbsp; Antero Midstream Partners LP/Antero Midstream <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 06/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 79274 |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/01/27<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 80090 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 54998 |
| &nbsp;&nbsp;&nbsp; 6.63%, 02/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 66707 |
| &nbsp;&nbsp;&nbsp; Anywhere Real Estate Group LLC / Realogy <br> Co-Issuer Corp., 9.75%, 04/15/30<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD25 | 25981 |
| &nbsp;&nbsp;&nbsp; Anywhere Real Estate Group LLC/Anywhere <br> Co-Issuer Corp., 7.00%, 04/15/30<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp; USD190 | 182116 |
| &nbsp;&nbsp;&nbsp; Anywhere Real Estate Group LLC/Realogy <br> Co-Issuer Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD5 | 4152 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD26 | 23072 |
| &nbsp;&nbsp;&nbsp; Aptiv PLC/Aptiv Global Financing DAC, 6.88%, <br> 12/15/54, (5-year CMT + 3.385%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD60 | 60490 |
| Aramark Services Inc., 5.00%, 02/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 109022 |
| Arches Buyer Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 110659 |
| &nbsp;&nbsp;&nbsp; 6.13%, 12/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 47116 |
| &nbsp;&nbsp;&nbsp; Archrock Partners LP/Archrock Partners <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 75085 |
| &nbsp;&nbsp;&nbsp; 6.63%, 09/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 76133 |
| Arcosa Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 48207 |
| &nbsp;&nbsp;&nbsp; 6.88%, 08/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 51690 |
| &nbsp;&nbsp;&nbsp; Ardagh Metal Packaging Finance <br> USA LLC/Ardagh Metal Packaging Finance PLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 09/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 108108 |
| &nbsp;&nbsp;&nbsp; 3.25%, 09/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 70707 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 90937 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 75053 |
| &nbsp;&nbsp;&nbsp; Ardagh Packaging Finance PLC/Ardagh Holdings <br> USA Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 08/15/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 113205 |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/15/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 108625 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; GBP100 | 64980 |
| &nbsp;&nbsp;&nbsp; 5.25%, 08/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 49662 |
| Aretec Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 04/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 50000 |
| &nbsp;&nbsp;&nbsp; 10.00%, 08/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 76396 |
| Arsenal AIC Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 10/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 79465 |
| &nbsp;&nbsp;&nbsp; 11.50%, 10/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD35 | 38935 |
| Asbury Automotive Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/01/28 | &nbsp;&nbsp;&nbsp; USD51 | 50163 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD95 | $91282 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/01/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD35 | 33623 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 66245 |
| &nbsp;&nbsp;&nbsp; Ascent Resources Utica Holdings LLC / ARU <br> Finance Corp., 6.63%, 07/15/33<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD25 | 25323 |
| &nbsp;&nbsp;&nbsp; Ascent Resources Utica Holdings LLC/ARU <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/30/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 74719 |
| &nbsp;&nbsp;&nbsp; 6.63%, 10/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 71050 |
| &nbsp;&nbsp;&nbsp; Ashton Woods USA LLC / Ashton Woods Finance <br> Co., 6.88%, 08/01/33<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD30 | 29963 |
| &nbsp;&nbsp;&nbsp; Ashton Woods USA LLC/Ashton Woods Finance <br> Co., 4.63%, 04/01/30<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD30 | 28201 |
| ASP Unifrax Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.10%, 09/30/29, (5.85% Cash and 1.25% <br> PIK)<sup>(c)(d)(h)</sup><br>| &nbsp;&nbsp;&nbsp; USD57 | 29505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.18%, 09/30/29, (10.43% Cash and 11.18% <br> PIK)<sup>(c)(h)</sup><br>| &nbsp;&nbsp;&nbsp; USD141 | 129112 |
| AssuredPartners Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49907 |
| &nbsp;&nbsp;&nbsp; 7.50%, 02/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 53386 |
| AthenaHealth Group Inc., 6.50%, 02/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD265 | 260235 |
| ATI Inc., 7.25%, 08/15/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD35 | 36614 |
| Avantor Funding Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 89581 |
| &nbsp;&nbsp;&nbsp; 4.63%, 07/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD155 | 151512 |
| Avient Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 11/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 60193 |
| &nbsp;&nbsp;&nbsp; 7.13%, 08/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 77032 |
| &nbsp;&nbsp;&nbsp; Avis Budget Car Rental LLC/Avis Budget <br> Finance Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/01/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 48005 |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 66938 |
| &nbsp;&nbsp;&nbsp; 8.00%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 51057 |
| &nbsp;&nbsp;&nbsp; 8.25%, 01/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 82192 |
| &nbsp;&nbsp;&nbsp; 8.38%, 06/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 77250 |
| Avis Budget Finance PLC, 7.00%, 02/28/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 116696 |
| &nbsp;&nbsp;&nbsp; Axalta Coating Systems Dutch Holding B BV, <br> 7.25%, 02/15/31<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD75 | 77956 |
| Axalta Coating Systems LLC, 3.38%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 70174 |
| &nbsp;&nbsp;&nbsp; Axalta Coating Systems LLC/Axalta Coating <br> Systems Dutch Holding B BV, 4.75%, <br> 06/15/27<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD50 | 49619 |
| Axon Enterprise Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 97237 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 97377 |
| Azorra Finance Ltd., 7.25%, 01/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD25 | 25534 |
| B&G Foods Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/15/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 48877 |
| &nbsp;&nbsp;&nbsp; 8.00%, 09/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 88825 |
| Ball Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.50%, 03/15/27 | &nbsp;&nbsp;&nbsp; EUR100 | 111878 |
| &nbsp;&nbsp;&nbsp; 2.88%, 08/15/30 | &nbsp;&nbsp;&nbsp; USD125 | 112331 |
| &nbsp;&nbsp;&nbsp; 3.13%, 09/15/31<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 80550 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/15/29 | &nbsp;&nbsp;&nbsp; USD110 | 112083 |
| &nbsp;&nbsp;&nbsp; 6.88%, 03/15/28 | &nbsp;&nbsp;&nbsp; USD90 | 91787 |
| Bath & Body Works Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 02/01/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 65139 |
| &nbsp;&nbsp;&nbsp; 6.63%, 10/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 81900 |
| &nbsp;&nbsp;&nbsp; 7.50%, 06/15/29 | &nbsp;&nbsp;&nbsp; USD40 | 40969 |
| Bausch & Lomb Corp., 8.38%, 10/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD140 | 146156 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Bausch Health Companies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD225 | $199125 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/30/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 48000 |
| &nbsp;&nbsp;&nbsp; 5.25%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 29819 |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 89240 |
| &nbsp;&nbsp;&nbsp; 11.00%, 09/30/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD264 | 271260 |
| &nbsp;&nbsp;&nbsp; BCPE Ulysses Intermediate Inc., 7.75%, 04/01/27, <br> (7.75% PIK)<sup>(c)(d)(h)</sup><br>| &nbsp;&nbsp;&nbsp; USD50 | 50000 |
| Beach Acquisition Bidco LLC, 5.25%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115872 |
| Belden Inc., 3.38%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 109957 |
| Block Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 06/01/31<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 96275 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/15/32 | &nbsp;&nbsp;&nbsp; USD235 | 241079 |
| &nbsp;&nbsp;&nbsp; Blue Racer Midstream LLC/Blue Racer <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 07/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 46689 |
| &nbsp;&nbsp;&nbsp; 7.25%, 07/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 52744 |
| Boost Newco Borrower LLC, 7.50%, 01/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 264355 |
| Boyd Gaming Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 12/01/27 | &nbsp;&nbsp;&nbsp; USD120 | 118986 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 95304 |
| Brand Industrial Services Inc., 10.38%, 08/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 117975 |
| Brandywine Operating Partnership LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 11/15/27 | &nbsp;&nbsp;&nbsp; USD25 | 24127 |
| &nbsp;&nbsp;&nbsp; 8.88%, 04/12/29 | &nbsp;&nbsp;&nbsp; USD55 | 58944 |
| Bread Financial Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 8.38%, 06/15/35, (5-year CMT + 4.300%)<sup>(b)(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 41400 |
| &nbsp;&nbsp;&nbsp; 9.75%, 03/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 107250 |
| Brightline East LLC, 11.00%, 01/31/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 81250 |
| Brightstar Lottery PLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.38%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 111969 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 74437 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 85785 |
| Brink's Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 58981 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD35 | 35882 |
| &nbsp;&nbsp;&nbsp; 6.75%, 06/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 46327 |
| Brookfield Property Finance ULC |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/30/26 | &nbsp;&nbsp;&nbsp; CAD125 | 89150 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/13/28 | &nbsp;&nbsp;&nbsp; CAD100 | 74900 |
| Buckeye Partners LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 12/01/26 | &nbsp;&nbsp;&nbsp; USD75 | 73773 |
| &nbsp;&nbsp;&nbsp; 4.13%, 12/01/27 | &nbsp;&nbsp;&nbsp; USD35 | 34158 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 48917 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 67324 |
| &nbsp;&nbsp;&nbsp; 6.88%, 07/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 87615 |
| Builders FirstSource Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD150 | 138375 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 78317 |
| &nbsp;&nbsp;&nbsp; 6.38%, 06/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 66480 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 111699 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/35<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 76969 |
| Burford Capital Global Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49807 |
| &nbsp;&nbsp;&nbsp; 9.25%, 07/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 79312 |
| CACI International Inc., 6.38%, 06/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 102806 |
| Caesars Entertainment Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD140 | 132300 |
| &nbsp;&nbsp;&nbsp; 6.00%, 10/15/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 120615 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD155 | 158040 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD205 | 210573 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Calpine Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 03/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD110 | $103357 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 128562 |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 63938 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 108679 |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/15/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD150 | 149184 |
| &nbsp;&nbsp;&nbsp; Camelot Return Merger Sub Inc., 8.75%, <br> 08/01/28<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD85 | 77883 |
| Carnival PLC |  |  |
| &nbsp;&nbsp;&nbsp; 1.00%, 10/28/29 | &nbsp;&nbsp;&nbsp; EUR100 | 104118 |
| &nbsp;&nbsp;&nbsp; 4.13%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115653 |
| Carvana Co. |  |  |
| &nbsp;&nbsp;&nbsp; 9.00%, 12/01/28, (9.00% PIK)<sup>(c)(h)</sup> | &nbsp;&nbsp;&nbsp; USD51 | 52344 |
| &nbsp;&nbsp;&nbsp; 9.00%, 06/01/30, (13.00% PIK)<sup>(c)(h)</sup> | &nbsp;&nbsp;&nbsp; USD160 | 166907 |
| &nbsp;&nbsp;&nbsp; 9.00%, 06/01/31, (9.00% PIK)<sup>(c)(h)</sup> | &nbsp;&nbsp;&nbsp; USD175 | 197200 |
| CCO Holdings LLC/CCO Holdings Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD325 | 296728 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/15/34<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD235 | 202255 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD310 | 289937 |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/01/32<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD310 | 281397 |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/01/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD190 | 168674 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD335 | 318330 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/01/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD120 | 110920 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD265 | 260002 |
| &nbsp;&nbsp;&nbsp; 5.13%, 05/01/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD355 | 351894 |
| &nbsp;&nbsp;&nbsp; 5.38%, 06/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD175 | 171719 |
| &nbsp;&nbsp;&nbsp; 6.38%, 09/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD185 | 186623 |
| &nbsp;&nbsp;&nbsp; 7.38%, 03/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 133599 |
| Celanese U.S. Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 0.63%, 09/10/28 | &nbsp;&nbsp;&nbsp; EUR100 | 103160 |
| &nbsp;&nbsp;&nbsp; 1.40%, 08/05/26 | &nbsp;&nbsp;&nbsp; USD50 | 48152 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/15/31 | &nbsp;&nbsp;&nbsp; EUR100 | 114212 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/15/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 70611 |
| &nbsp;&nbsp;&nbsp; 6.67%, 07/15/27 | &nbsp;&nbsp;&nbsp; USD177 | 181368 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/33<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 105910 |
| &nbsp;&nbsp;&nbsp; 6.83%, 07/15/29 | &nbsp;&nbsp;&nbsp; USD75 | 77845 |
| &nbsp;&nbsp;&nbsp; 6.85%, 11/15/28 | &nbsp;&nbsp;&nbsp; USD100 | 104184 |
| &nbsp;&nbsp;&nbsp; 6.88%, 07/15/32<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 129108 |
| &nbsp;&nbsp;&nbsp; 7.05%, 11/15/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 129920 |
| &nbsp;&nbsp;&nbsp; 7.20%, 11/15/33<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 104308 |
| Central Garden & Pet Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 10/15/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 47130 |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/30/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 37076 |
| &nbsp;&nbsp;&nbsp; Central Parent Inc./CDK Global Inc., 7.25%, <br> 06/15/29<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp; USD75 | 61779 |
| &nbsp;&nbsp;&nbsp; Central Parent LLC/CDK Global II LLC/CDK <br> Financing Co. Inc., 8.00%, 06/15/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD90 | 75413 |
| Century Communities Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 46121 |
| &nbsp;&nbsp;&nbsp; 6.75%, 06/01/27 | &nbsp;&nbsp;&nbsp; USD50 | 50050 |
| Charles River Laboratories International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 03/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 56370 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 59577 |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 48485 |
| Chart Industries Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 01/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD164 | 171790 |
| &nbsp;&nbsp;&nbsp; 9.50%, 01/01/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 53438 |
| Chemours Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 46368 |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/15/27 | &nbsp;&nbsp;&nbsp; USD50 | 48938 |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 73680 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; 8.00%, 01/15/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD20 | $18605 |
| &nbsp;&nbsp;&nbsp; Chobani Holdco II LLC, 8.75%, 10/01/29, (8.75% <br> PIK)<sup>(c)(h)</sup><br>| &nbsp;&nbsp;&nbsp; USD78 | 83721 |
| Chobani LLC/Chobani Finance Corp. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49068 |
| &nbsp;&nbsp;&nbsp; 7.63%, 07/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 52013 |
| CHS/Community Health Systems Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD120 | 99915 |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD165 | 144485 |
| &nbsp;&nbsp;&nbsp; 5.63%, 03/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD205 | 205322 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 61797 |
| &nbsp;&nbsp;&nbsp; 6.13%, 04/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 87586 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD140 | 109900 |
| &nbsp;&nbsp;&nbsp; 9.75%, 01/15/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD135 | 135872 |
| &nbsp;&nbsp;&nbsp; 10.88%, 01/15/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD260 | 272252 |
| Churchill Downs Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 73969 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/01/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 74898 |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD120 | 119754 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 56173 |
| Cinemark USA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 84444 |
| &nbsp;&nbsp;&nbsp; 7.00%, 08/01/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 41305 |
| CITGO Petroleum Corp., 8.38%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 114409 |
| Civitas Resources Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/15/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD35 | 34629 |
| &nbsp;&nbsp;&nbsp; 8.38%, 07/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD155 | 159531 |
| &nbsp;&nbsp;&nbsp; 8.63%, 11/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 101936 |
| &nbsp;&nbsp;&nbsp; 8.75%, 07/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD155 | 156737 |
| &nbsp;&nbsp;&nbsp; 9.63%, 06/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 97716 |
| &nbsp;&nbsp;&nbsp; Clarios Global LP / Clarios U.S. Finance Co., <br> 4.75%, 06/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115112 |
| Clarios Global LP/Clarios U.S. Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 102228 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 87531 |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD195 | 196276 |
| Clarivate Science Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 07/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 105133 |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 102987 |
| Clean Harbors Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49619 |
| &nbsp;&nbsp;&nbsp; 6.38%, 02/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 40848 |
| Clear Channel Outdoor Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 08/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD155 | 154775 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49928 |
| &nbsp;&nbsp;&nbsp; 7.50%, 06/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 113911 |
| &nbsp;&nbsp;&nbsp; 7.50%, 03/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49875 |
| &nbsp;&nbsp;&nbsp; 7.75%, 04/15/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 103812 |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/01/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 92637 |
| &nbsp;&nbsp;&nbsp; 9.00%, 09/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 78581 |
| Clearway Energy Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 86637 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 83397 |
| Cleveland-Cliffs Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/01/27 | &nbsp;&nbsp;&nbsp; USD45 | 45056 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 99625 |
| &nbsp;&nbsp;&nbsp; 6.88%, 11/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 85039 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/15/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD170 | 166016 |
| &nbsp;&nbsp;&nbsp; 7.38%, 05/01/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 92487 |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 104896 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Cloud Software Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/31/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD430 | $434837 |
| &nbsp;&nbsp;&nbsp; 8.25%, 06/30/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD195 | 207462 |
| &nbsp;&nbsp;&nbsp; 9.00%, 09/30/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD420 | 434700 |
| Clydesdale Acquisition Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 65772 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD150 | 153382 |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 61401 |
| &nbsp;&nbsp;&nbsp; 8.75%, 04/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 117300 |
| CNX Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 64975 |
| &nbsp;&nbsp;&nbsp; 7.25%, 03/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 51573 |
| &nbsp;&nbsp;&nbsp; 7.38%, 01/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 46517 |
| &nbsp;&nbsp;&nbsp; Cogent Communications Group Inc./Cogent <br> Communications Finance Inc., 7.00%, <br> 06/15/27<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp; USD45 | 45056 |
| &nbsp;&nbsp;&nbsp; Cogent Communications Group LLC/Cogent <br> Finance Inc., 6.50%, 07/01/32<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD70 | 68600 |
| Coinbase Global Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 10/01/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 98832 |
| &nbsp;&nbsp;&nbsp; 3.63%, 10/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 62710 |
| CommScope LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 09/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD87 | 84622 |
| &nbsp;&nbsp;&nbsp; 7.13%, 07/01/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 84083 |
| &nbsp;&nbsp;&nbsp; 8.25%, 03/01/27<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 125223 |
| &nbsp;&nbsp;&nbsp; 9.50%, 12/15/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 52683 |
| &nbsp;&nbsp;&nbsp; CommScope Technologies LLC, 5.00%, <br> 03/15/27<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD90 | 88191 |
| &nbsp;&nbsp;&nbsp; Compass Group Diversified Holdings LLC, 5.25%, <br> 04/15/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD100 | 92839 |
| &nbsp;&nbsp;&nbsp; Compass Minerals International Inc., 8.00%, <br> 07/01/30<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD30 | 31088 |
| Comstock Resources Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 103599 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD165 | 162348 |
| Consolidated Communications Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD35 | 35338 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 86339 |
| Constellium SE |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 111528 |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 46910 |
| &nbsp;&nbsp;&nbsp; Cooper-Standard Automotive Inc., 13.50%, <br> 03/31/27, (13.50% Cash)<sup>(c)(h)</sup><br>| &nbsp;&nbsp;&nbsp; USD50 | 52536 |
| CoreWeave Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 9.00%, 02/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 129252 |
| &nbsp;&nbsp;&nbsp; 9.25%, 06/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD205 | 206025 |
| &nbsp;&nbsp;&nbsp; Cornerstone Building Brands Inc., 9.50%, <br> 08/15/29<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp; USD45 | 41232 |
| CQP Holdco LP/BIP-V Chinook Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD150 | 146678 |
| &nbsp;&nbsp;&nbsp; 7.50%, 12/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 53254 |
| Credit Acceptance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 45430 |
| &nbsp;&nbsp;&nbsp; 9.25%, 12/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 63438 |
| Crescent Energy Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; 7.38%, 01/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 110128 |
| &nbsp;&nbsp;&nbsp; 7.63%, 04/01/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 127166 |
| &nbsp;&nbsp;&nbsp; 8.38%, 01/15/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 44544 |
| Crown Americas LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/01/30 | &nbsp;&nbsp;&nbsp; USD70 | 70772 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/01/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 75189 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; Crown Americas LLC/Crown Americas Capital <br> Corp. V, 4.25%, 09/30/26<br>| &nbsp;&nbsp;&nbsp; USD35 | $34646 |
| Crown European Holdings SACA |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 119035 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 119318 |
| CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 65637 |
| &nbsp;&nbsp;&nbsp; 4.13%, 12/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 84141 |
| &nbsp;&nbsp;&nbsp; 4.50%, 11/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD200 | 133400 |
| &nbsp;&nbsp;&nbsp; 4.63%, 12/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD275 | 128562 |
| &nbsp;&nbsp;&nbsp; 5.38%, 02/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 45961 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD150 | 144937 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 122979 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD200 | 158535 |
| &nbsp;&nbsp;&nbsp; 7.50%, 04/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 100830 |
| &nbsp;&nbsp;&nbsp; 11.25%, 05/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 125694 |
| &nbsp;&nbsp;&nbsp; 11.75%, 01/31/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 234252 |
| Cushman & Wakefield U.S. Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 75553 |
| &nbsp;&nbsp;&nbsp; 8.88%, 09/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 42835 |
| CVR Energy Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 02/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 43305 |
| &nbsp;&nbsp;&nbsp; 8.50%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49125 |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 12/10/54, (5-year CMT + 2.516%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 75310 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/10/55, (5-year CMT + 2.886%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 257794 |
| &nbsp;&nbsp;&nbsp; Dana Financing Luxembourg SARL, 8.50%, <br> 07/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 123433 |
| Dana Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 09/01/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49214 |
| &nbsp;&nbsp;&nbsp; 5.38%, 11/15/27 | &nbsp;&nbsp;&nbsp; USD40 | 40054 |
| &nbsp;&nbsp;&nbsp; 5.63%, 06/15/28 | &nbsp;&nbsp;&nbsp; USD30 | 30034 |
| Darling Global Finance BV, 4.50%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115503 |
| Darling Ingredients Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49900 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 130775 |
| DaVita Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD150 | 136138 |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD290 | 276848 |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 118461 |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/01/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 113120 |
| &nbsp;&nbsp;&nbsp; Delek Logistics Partners LP/Delek Logistics <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 06/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 50242 |
| &nbsp;&nbsp;&nbsp; 7.38%, 06/30/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD20 | 19762 |
| &nbsp;&nbsp;&nbsp; 8.63%, 03/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 104114 |
| &nbsp;&nbsp;&nbsp; Dentsply Sirona Inc., 8.38%, 09/12/55, (5-year <br> CMT + 2.769%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp; USD50 | 50372 |
| Directv Financing LLC, 8.88%, 02/01/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 68229 |
| &nbsp;&nbsp;&nbsp; Directv Financing LLC/Directv Financing <br> Co-Obligor Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 08/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD400 | 397952 |
| &nbsp;&nbsp;&nbsp; 10.00%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD235 | 226380 |
| Discovery Communications LLC, 3.63%, 05/15/30 | &nbsp;&nbsp;&nbsp; USD50 | 44195 |
| DISH DBS Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/01/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD310 | 291400 |
| &nbsp;&nbsp;&nbsp; 5.75%, 12/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD275 | 245437 |
| &nbsp;&nbsp;&nbsp; 7.38%, 07/01/28 | &nbsp;&nbsp;&nbsp; USD105 | 81309 |
| &nbsp;&nbsp;&nbsp; 7.75%, 07/01/26 | &nbsp;&nbsp;&nbsp; USD225 | 200176 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/01/29 | &nbsp;&nbsp;&nbsp; USD150 | 111375 |
| DISH Network Corp., 11.75%, 11/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD388 | 404300 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Diversified Healthcare Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/01/31<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD40 | $33412 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/28 | &nbsp;&nbsp;&nbsp; USD60 | 55535 |
| DPL Inc., 4.35%, 04/15/29 | &nbsp;&nbsp;&nbsp; USD40 | 39050 |
| EchoStar Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 11/30/30, (6.75% PIK)<sup>(d)(h)</sup> | &nbsp;&nbsp;&nbsp; USD259 | 245993 |
| &nbsp;&nbsp;&nbsp; 10.75%, 11/30/29 | &nbsp;&nbsp;&nbsp; USD226 | 237621 |
| Edgewell Personal Care Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 47347 |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 79540 |
| Edison International |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 06/15/54, (5-year CMT + 3.658%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 57649 |
| &nbsp;&nbsp;&nbsp; 8.13%, 06/15/53, (5-year CMT + 3.864%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 48935 |
| EMRLD Borrower LP/Emerald Co-Issuer Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 12/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 119677 |
| &nbsp;&nbsp;&nbsp; 6.63%, 12/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD310 | 316048 |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 51498 |
| Encino Acquisition Partners Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 76607 |
| &nbsp;&nbsp;&nbsp; 8.75%, 05/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 49658 |
| Encompass Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/01/28 | &nbsp;&nbsp;&nbsp; USD90 | 88324 |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/01/31<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 38200 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/01/30 | &nbsp;&nbsp;&nbsp; USD80 | 78119 |
| Encore Capital Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 52716 |
| &nbsp;&nbsp;&nbsp; 9.25%, 04/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 73896 |
| Endo Finance Holdings Inc., 8.50%, 04/15/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 111765 |
| &nbsp;&nbsp;&nbsp; Energizer Gamma Acquisition BV, 3.50%, <br> 06/30/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 110644 |
| Energizer Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/31/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 85339 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 58457 |
| Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 10/01/54, (5-year CMT + 2.829%)<sup>(b)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 51275 |
| &nbsp;&nbsp;&nbsp; 8.00%, 05/15/54, (5-year CMT + 4.020%)<sup>(b)(d)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 69110 |
| Entegris Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 05/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD35 | 32857 |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 48704 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD175 | 171416 |
| &nbsp;&nbsp;&nbsp; 5.95%, 06/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 100915 |
| EquipmentShare.com Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 03/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 47055 |
| &nbsp;&nbsp;&nbsp; 8.63%, 05/15/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 74509 |
| &nbsp;&nbsp;&nbsp; 9.00%, 05/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD120 | 126475 |
| &nbsp;&nbsp;&nbsp; EUSHI Finance Inc., 7.63%, 12/15/54, (5-year <br> CMT + 3.136%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD50 | 52201 |
| EW Scripps Co. (The), 9.88%, 08/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD35 | 34839 |
| Fair Isaac Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 96586 |
| &nbsp;&nbsp;&nbsp; 6.00%, 05/15/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD150 | 150956 |
| &nbsp;&nbsp;&nbsp; Fertitta Entertainment LLC/Fertitta Entertainment <br> Finance Co. Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 95111 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 121975 |
| FirstCash Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 09/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 48852 |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 44575 |
| &nbsp;&nbsp;&nbsp; 6.88%, 03/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 66706 |
| &nbsp;&nbsp;&nbsp; FMC Corp., 8.45%, 11/01/55, (5-year CMT + <br> 4.366%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD75 | 77524 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Focus Financial Partners LLC, 6.75%, 09/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD120 | $122630 |
| FTAI Aviation Investors LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 125091 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/15/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 59475 |
| &nbsp;&nbsp;&nbsp; 7.00%, 05/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD83 | 86242 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 93270 |
| &nbsp;&nbsp;&nbsp; 7.88%, 12/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 52938 |
| Freedom Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 01/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 60012 |
| &nbsp;&nbsp;&nbsp; 12.00%, 10/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 80203 |
| &nbsp;&nbsp;&nbsp; 12.25%, 10/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 55356 |
| Freedom Mortgage Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 8.38%, 04/01/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 87136 |
| &nbsp;&nbsp;&nbsp; 9.13%, 05/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 72794 |
| &nbsp;&nbsp;&nbsp; 9.25%, 02/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 109652 |
| Frontier Communications Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD165 | 164794 |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/15/27<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 110061 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/01/29 | &nbsp;&nbsp;&nbsp; USD75 | 75735 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 96069 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 95873 |
| &nbsp;&nbsp;&nbsp; 8.63%, 03/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 79500 |
| &nbsp;&nbsp;&nbsp; 8.75%, 05/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD175 | 183373 |
| FXI Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 12.25%, 11/15/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD84 | 75180 |
| &nbsp;&nbsp;&nbsp; 12.25%, 11/15/26<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD49 | 43709 |
| Gap Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 10/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 73812 |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD94 | 83522 |
| Gen Digital Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/01/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 107009 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/30/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 91563 |
| &nbsp;&nbsp;&nbsp; 7.13%, 09/30/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 66958 |
| Genesis Energy LP/Genesis Energy Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/01/28 | &nbsp;&nbsp;&nbsp; USD65 | 65619 |
| &nbsp;&nbsp;&nbsp; 7.88%, 05/15/32 | &nbsp;&nbsp;&nbsp; USD85 | 87947 |
| &nbsp;&nbsp;&nbsp; 8.00%, 05/15/33 | &nbsp;&nbsp;&nbsp; USD65 | 67372 |
| &nbsp;&nbsp;&nbsp; 8.25%, 01/15/29 | &nbsp;&nbsp;&nbsp; USD70 | 73021 |
| &nbsp;&nbsp;&nbsp; 8.88%, 04/15/30 | &nbsp;&nbsp;&nbsp; USD55 | 58196 |
| GEO Group Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 8.63%, 04/15/29 | &nbsp;&nbsp;&nbsp; USD85 | 90321 |
| &nbsp;&nbsp;&nbsp; 10.25%, 04/15/31 | &nbsp;&nbsp;&nbsp; USD60 | 66047 |
| &nbsp;&nbsp;&nbsp; Global Atlantic Fin Co., 7.95%, 10/15/54, (5-year <br> CMT + 3.608%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD75 | 78520 |
| &nbsp;&nbsp;&nbsp; Global Partners LP / GLP Finance Corp., 7.13%, <br> 07/01/33<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD40 | 40609 |
| &nbsp;&nbsp;&nbsp; Global Partners LP/GLP Finance Corp., 8.25%, <br> 01/15/32<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD30 | 31482 |
| Go Daddy Operating Co. LLC/GD Finance Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 89048 |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/01/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 59768 |
| Goodyear Europe BV, 2.75%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 112158 |
| Goodyear Tire & Rubber Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/15/27 | &nbsp;&nbsp;&nbsp; USD85 | 84645 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 92150 |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/30/31<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 42651 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/31<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 61713 |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/30/33<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 37575 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 66934 |
| Graphic Packaging International LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD35 | 33378 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD30 | $28034 |
| &nbsp;&nbsp;&nbsp; 6.38%, 07/15/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 70904 |
| Gray Media Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 08/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD30 | 29844 |
| &nbsp;&nbsp;&nbsp; 9.63%, 07/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD10 | 10063 |
| Gray Television Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 63370 |
| &nbsp;&nbsp;&nbsp; 5.38%, 11/15/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD145 | 106473 |
| &nbsp;&nbsp;&nbsp; 10.50%, 07/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD145 | 156781 |
| Group 1 Automotive Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/15/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 72304 |
| &nbsp;&nbsp;&nbsp; 6.38%, 01/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 51046 |
| Harvest Midstream I LP |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 75889 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 72752 |
| &nbsp;&nbsp;&nbsp; Helios Software Holdings Inc./ION Corporate <br> Solutions Finance SARL<br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 119159 |
| &nbsp;&nbsp;&nbsp; 8.75%, 05/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 102083 |
| Herc Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 109574 |
| &nbsp;&nbsp;&nbsp; 6.63%, 06/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 92137 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD170 | 175312 |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 129354 |
| Hertz Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 12/01/26<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 63175 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 70572 |
| &nbsp;&nbsp;&nbsp; 12.63%, 07/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD150 | 156079 |
| Hess Midstream Operations LP |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 91794 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 44786 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 40144 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 101618 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 66934 |
| Hilcorp Energy I LP/Hilcorp Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 02/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 53919 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 68600 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 52887 |
| &nbsp;&nbsp;&nbsp; 6.25%, 11/01/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 85170 |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 57407 |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 38392 |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/35<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 111889 |
| &nbsp;&nbsp;&nbsp; 8.38%, 11/01/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 57364 |
| Hilton Domestic Operating Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 02/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD170 | 153200 |
| &nbsp;&nbsp;&nbsp; 3.75%, 05/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 95270 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 116517 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/15/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 103792 |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 45031 |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD25 | 25024 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 66011 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 111113 |
| &nbsp;&nbsp;&nbsp; 6.13%, 04/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 61200 |
| &nbsp;&nbsp;&nbsp; Hilton Grand Vacations Borrower <br> Escrow LLC/Hilton Grand Vacations <br> Borrower Esc<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/01/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 45910 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 81352 |
| &nbsp;&nbsp;&nbsp; 6.63%, 01/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 101125 |
| &nbsp;&nbsp;&nbsp; Hilton Worldwide Finance LLC/Hilton Worldwide <br> Finance Corp., 4.88%, 04/01/27<br>| &nbsp;&nbsp;&nbsp; USD60 | 59946 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; HLF Financing SARL LLC/Herbalife <br> International Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | $62873 |
| &nbsp;&nbsp;&nbsp; 12.25%, 04/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 81844 |
| Hologic Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 94710 |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49295 |
| Howard Hughes Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 85829 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 59821 |
| &nbsp;&nbsp;&nbsp; 5.38%, 08/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 74570 |
| Howard Midstream Energy Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp; 7.38%, 07/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 82608 |
| &nbsp;&nbsp;&nbsp; 8.88%, 07/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 52289 |
| HUB International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 12/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 64614 |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD355 | 369995 |
| &nbsp;&nbsp;&nbsp; 7.38%, 01/31/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD205 | 213456 |
| Hudson Pacific Properties LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 01/15/30 | &nbsp;&nbsp;&nbsp; USD35 | 27946 |
| &nbsp;&nbsp;&nbsp; 3.95%, 11/01/27 | &nbsp;&nbsp;&nbsp; USD50 | 47125 |
| &nbsp;&nbsp;&nbsp; 4.65%, 04/01/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 43630 |
| Hughes Satellite Systems Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 08/01/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 69067 |
| &nbsp;&nbsp;&nbsp; 6.63%, 08/01/26 | &nbsp;&nbsp;&nbsp; USD85 | 64600 |
| &nbsp;&nbsp;&nbsp; Icahn Enterprises LP/Icahn Enterprises <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/29 | &nbsp;&nbsp;&nbsp; USD85 | 73099 |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/15/27 | &nbsp;&nbsp;&nbsp; USD167 | 162679 |
| &nbsp;&nbsp;&nbsp; 9.00%, 06/15/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 63139 |
| &nbsp;&nbsp;&nbsp; 9.75%, 01/15/29 | &nbsp;&nbsp;&nbsp; USD75 | 75951 |
| &nbsp;&nbsp;&nbsp; 10.00%, 11/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 55688 |
| iHeartCommunications Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 08/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD77 | 60558 |
| &nbsp;&nbsp;&nbsp; 9.13%, 05/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD71 | 59665 |
| &nbsp;&nbsp;&nbsp; 10.88%, 05/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD71 | 35194 |
| Imola Merger Corp., 4.75%, 05/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD225 | 218117 |
| Incora Top Holdco LLC, 6.00%, 01/31/33<sup>(k)</sup> | &nbsp;&nbsp;&nbsp; USD27 | 25739 |
| IQVIA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 110325 |
| &nbsp;&nbsp;&nbsp; 2.88%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 112796 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/15/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 99738 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD120 | 119310 |
| &nbsp;&nbsp;&nbsp; 6.25%, 06/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD220 | 225676 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 51572 |
| Iron Mountain Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 122968 |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD120 | 119100 |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD120 | 117275 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49435 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 74702 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD145 | 142496 |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 59211 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 132112 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 102711 |
| &nbsp;&nbsp;&nbsp; Iron Mountain Information Management <br> Services Inc., 5.00%, 07/15/32<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD80 | 76592 |
| ITT Holdings LLC, 6.50%, 08/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD140 | 133357 |
| Jane Street Group/JSG Finance Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 11/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 47870 |
| &nbsp;&nbsp;&nbsp; 6.13%, 11/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD190 | 188575 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/01/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD145 | $148419 |
| &nbsp;&nbsp;&nbsp; 7.13%, 04/30/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD160 | 165342 |
| Jazz Securities DAC, 4.38%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD180 | 174150 |
| Jefferies Finance LLC/JFIN Co-Issuer Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 96500 |
| &nbsp;&nbsp;&nbsp; 6.63%, 10/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 74591 |
| Jefferson Capital Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 8.25%, 05/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 62521 |
| &nbsp;&nbsp;&nbsp; 9.50%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 52750 |
| &nbsp;&nbsp;&nbsp; JetBlue Airways Corp./JetBlue Loyalty LP, 9.88%, <br> 09/20/31<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp; USD215 | 205995 |
| Kaiser Aluminum Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/01/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 55827 |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 48803 |
| &nbsp;&nbsp;&nbsp; KeHE Distributors LLC/KeHE Finance <br> Corp./NextWave Distribution Inc., 9.00%, <br> 02/15/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD95 | 99067 |
| Kennedy-Wilson Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/01/29 | &nbsp;&nbsp;&nbsp; USD55 | 51677 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/01/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 69073 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/31<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD71 | 64915 |
| &nbsp;&nbsp;&nbsp; KFC Holding Co./Pizza Hut Holdings LLC/Taco <br> Bell of America LLC, 4.75%, 06/01/27<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD75 | 74600 |
| Kinetik Holdings LP |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 95141 |
| &nbsp;&nbsp;&nbsp; 6.63%, 12/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 117473 |
| Kohl's Corp., 5.13%, 05/01/31<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 36097 |
| LABL Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 43922 |
| &nbsp;&nbsp;&nbsp; 8.25%, 11/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 43740 |
| &nbsp;&nbsp;&nbsp; 8.63%, 10/01/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 83015 |
| &nbsp;&nbsp;&nbsp; 10.50%, 07/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 65975 |
| &nbsp;&nbsp;&nbsp; Ladder Capital Finance Holdings LLLP/Ladder <br> Capital Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/01/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 68723 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD53 | 51493 |
| &nbsp;&nbsp;&nbsp; 7.00%, 07/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 94245 |
| Lamar Media Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 01/15/31 | &nbsp;&nbsp;&nbsp; USD55 | 50600 |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/15/28 | &nbsp;&nbsp;&nbsp; USD75 | 72424 |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/15/30 | &nbsp;&nbsp;&nbsp; USD60 | 56925 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/15/29 | &nbsp;&nbsp;&nbsp; USD30 | 29445 |
| Lamb Weston Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 01/31/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 85493 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/31/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 65324 |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 64188 |
| LBM Acquisition LLC, 6.25%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 70200 |
| LCM Investments Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 97060 |
| &nbsp;&nbsp;&nbsp; 8.25%, 08/01/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 111037 |
| LCPR Senior Secured Financing DAC |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 07/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 50569 |
| &nbsp;&nbsp;&nbsp; 6.75%, 10/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD165 | 126637 |
| Level 3 Financing Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 52170 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 56518 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 67500 |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 89223 |
| &nbsp;&nbsp;&nbsp; 6.88%, 06/30/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD200 | 202750 |
| &nbsp;&nbsp;&nbsp; 10.75%, 12/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 112939 |
| &nbsp;&nbsp;&nbsp; 11.00%, 11/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD157 | 177727 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Levi Strauss & Co., 4.00%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | $115921 |
| LGI Homes Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 11/15/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD35 | 33664 |
| &nbsp;&nbsp;&nbsp; 8.75%, 12/15/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 52298 |
| &nbsp;&nbsp;&nbsp; Liberty Mutual Group Inc., 4.13%, 12/15/51, <br> (5-year CMT + 3.315%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD50 | 48526 |
| LifePoint Health Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 65780 |
| &nbsp;&nbsp;&nbsp; 8.38%, 02/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 63844 |
| &nbsp;&nbsp;&nbsp; 9.88%, 08/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 96893 |
| &nbsp;&nbsp;&nbsp; 10.00%, 06/01/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 88294 |
| &nbsp;&nbsp;&nbsp; 11.00%, 10/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 137159 |
| Light & Wonder International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 05/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 80164 |
| &nbsp;&nbsp;&nbsp; 7.25%, 11/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 51336 |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 52166 |
| Lightning Power LLC, 7.25%, 08/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD160 | 167328 |
| Lithia Motors Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 06/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 75569 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 47063 |
| &nbsp;&nbsp;&nbsp; 4.63%, 12/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49244 |
| Live Nation Entertainment Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 43704 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/27<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 93585 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD135 | 136388 |
| Lumen Technologies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 48720 |
| &nbsp;&nbsp;&nbsp; 10.00%, 10/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD56 | 56971 |
| Macy's Retail Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD13 | 12838 |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/15/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 43035 |
| &nbsp;&nbsp;&nbsp; 7.38%, 08/01/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD20 | 20075 |
| Madison IAQ LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 06/30/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 72606 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/30/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 102200 |
| Magnera Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 11/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 44139 |
| &nbsp;&nbsp;&nbsp; 7.25%, 11/15/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 65742 |
| Matador Resources Co. |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/15/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 74193 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 105394 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 45753 |
| Match Group Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 10/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 53548 |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD35 | 32639 |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 58638 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49619 |
| Mauser Packaging Solutions Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD300 | 302757 |
| &nbsp;&nbsp;&nbsp; 9.25%, 04/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD135 | 133614 |
| McAfee Corp., 7.38%, 02/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD210 | 194469 |
| McGraw-Hill Education Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 08/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 99711 |
| &nbsp;&nbsp;&nbsp; 7.38%, 09/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 77843 |
| &nbsp;&nbsp;&nbsp; 8.00%, 08/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 81300 |
| Medline Borrower LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 04/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD505 | 481012 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD290 | 284582 |
| &nbsp;&nbsp;&nbsp; Medline Borrower LP/Medline Co-Issuer Inc., <br> 6.25%, 04/01/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD160 | 163182 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; Methanex U.S. Operations Inc., 6.25%, <br> 03/15/32<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp; USD75 | $74344 |
| MGM Resorts International |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 09/01/26 | &nbsp;&nbsp;&nbsp; USD57 | 56786 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 88816 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/15/27 | &nbsp;&nbsp;&nbsp; USD66 | 66240 |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 111336 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/15/32<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 91350 |
| Michaels Companies Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/01/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 71961 |
| &nbsp;&nbsp;&nbsp; 7.88%, 05/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD165 | 110482 |
| Midcap Financial Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 46948 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 113981 |
| &nbsp;&nbsp;&nbsp; Miter Brands Acquisition Holdco Inc./MIWD <br> Borrower LLC, 6.75%, 04/01/32<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD75 | 76534 |
| &nbsp;&nbsp;&nbsp; MIWD Holdco II LLC/MIWD Finance Corp., 5.50%, <br> 02/01/30<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp; USD50 | 47630 |
| &nbsp;&nbsp;&nbsp; Mohegan Tribal Gaming Authority/MS Digital <br> Entertainment Holdings LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; 8.25%, 04/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 98551 |
| &nbsp;&nbsp;&nbsp; 11.88%, 04/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 57078 |
| Molina Healthcare Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 45006 |
| &nbsp;&nbsp;&nbsp; 3.88%, 05/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 74224 |
| &nbsp;&nbsp;&nbsp; 4.38%, 06/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 76393 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 73979 |
| MPH Acquisition Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 12/31/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD89 | 73332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/31/31, (6.00 % in Cash and 0.75 % in <br> PIK)<sup>(c)(h)</sup><br>| &nbsp;&nbsp;&nbsp; USD64 | 49252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.50%, 12/31/30, (6.50 % Cash and 5.00 % in <br> PIK)<sup>(c)(h)</sup><br>| &nbsp;&nbsp;&nbsp; USD71 | 70070 |
| MPT Operating Partnership LP/MPT Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 04/24/30 | &nbsp;&nbsp;&nbsp; GBP125 | 110396 |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/15/31 | &nbsp;&nbsp;&nbsp; USD135 | 92097 |
| &nbsp;&nbsp;&nbsp; 4.63%, 08/01/29 | &nbsp;&nbsp;&nbsp; USD75 | 57000 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/15/27 | &nbsp;&nbsp;&nbsp; USD160 | 146800 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR125 | 146281 |
| &nbsp;&nbsp;&nbsp; 8.50%, 02/15/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD165 | 171250 |
| Murphy Oil USA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 73367 |
| &nbsp;&nbsp;&nbsp; 4.75%, 09/15/29 | &nbsp;&nbsp;&nbsp; USD25 | 24417 |
| Nabors Industries Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.38%, 05/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 70679 |
| &nbsp;&nbsp;&nbsp; 8.88%, 08/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 40125 |
| &nbsp;&nbsp;&nbsp; 9.13%, 01/31/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 94051 |
| Nationstar Mortgage Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 12/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 60395 |
| &nbsp;&nbsp;&nbsp; 5.50%, 08/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 99884 |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 60598 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 65083 |
| &nbsp;&nbsp;&nbsp; 6.50%, 08/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 71547 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD120 | 125310 |
| Navient Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/15/28 | &nbsp;&nbsp;&nbsp; USD55 | 53688 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/27 | &nbsp;&nbsp;&nbsp; USD85 | 83981 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 88060 |
| &nbsp;&nbsp;&nbsp; 7.88%, 06/15/32<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 67762 |
| &nbsp;&nbsp;&nbsp; 9.38%, 07/25/30 | &nbsp;&nbsp;&nbsp; USD45 | 49226 |
| &nbsp;&nbsp;&nbsp; 11.50%, 03/15/31 | &nbsp;&nbsp;&nbsp; USD50 | 56130 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| NCL Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 02/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD120 | $120210 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD215 | 220872 |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 63681 |
| &nbsp;&nbsp;&nbsp; 8.13%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 78847 |
| NCL Finance Ltd., 6.13%, 03/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 50698 |
| NCR Atleos Corp., 9.50%, 04/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD150 | 162045 |
| NCR Voyix Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 68809 |
| &nbsp;&nbsp;&nbsp; 5.13%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 48991 |
| Neptune Bidco U.S. Inc., 9.29%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD285 | 275766 |
| Newell Brands Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 09/15/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 60623 |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/15/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 72841 |
| &nbsp;&nbsp;&nbsp; 6.63%, 09/15/29 | &nbsp;&nbsp;&nbsp; USD50 | 49838 |
| &nbsp;&nbsp;&nbsp; 6.63%, 05/15/32<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD35 | 33514 |
| &nbsp;&nbsp;&nbsp; 8.50%, 06/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD145 | 152025 |
| Newfold Digital Holdings Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 39176 |
| &nbsp;&nbsp;&nbsp; 11.75%, 10/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 39765 |
| Nexstar Media Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 11/01/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD120 | 116544 |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD200 | 199600 |
| NFE Financing LLC, 12.00%, 11/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD375 | 130330 |
| &nbsp;&nbsp;&nbsp; NGL Energy Operating LLC/NGL Energy <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 8.13%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 103848 |
| &nbsp;&nbsp;&nbsp; 8.38%, 02/15/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD140 | 136818 |
| Nissan Motor Acceptance Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 03/09/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 46343 |
| &nbsp;&nbsp;&nbsp; 5.30%, 09/13/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49625 |
| &nbsp;&nbsp;&nbsp; 7.05%, 09/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 77209 |
| Noble Finance II LLC, 8.00%, 04/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD145 | 147472 |
| Nordstrom Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/01/31<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 48351 |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/01/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 50145 |
| Northern Oil & Gas Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 8.13%, 03/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 75750 |
| &nbsp;&nbsp;&nbsp; 8.75%, 06/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 41166 |
| Novelis Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 11/15/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 63944 |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 85328 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/30/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD195 | 186816 |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/30/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 97783 |
| Novelis Sheet Ingot GmbH, 3.38%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 111094 |
| NRG Energy Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 56332 |
| &nbsp;&nbsp;&nbsp; 3.63%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 96118 |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD61 | 55730 |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 64270 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/28 | &nbsp;&nbsp;&nbsp; USD80 | 80259 |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 94858 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 85242 |
| &nbsp;&nbsp;&nbsp; 6.25%, 11/01/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD120 | 121479 |
| NuStar Logistics LP |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/28/27 | &nbsp;&nbsp;&nbsp; USD70 | 70210 |
| &nbsp;&nbsp;&nbsp; 6.38%, 10/01/30 | &nbsp;&nbsp;&nbsp; USD60 | 61759 |
| Office Properties Income Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 03/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD48 | 39418 |
| &nbsp;&nbsp;&nbsp; 9.00%, 09/30/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 37125 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| OI European Group BV |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD40 | $37934 |
| &nbsp;&nbsp;&nbsp; 6.25%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 117839 |
| Olin Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 47873 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/01/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 59204 |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/01/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 68112 |
| Olympus Water U.S. Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 112453 |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 95218 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 71812 |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 76573 |
| &nbsp;&nbsp;&nbsp; 9.63%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 119787 |
| &nbsp;&nbsp;&nbsp; 9.75%, 11/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD225 | 236032 |
| OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 01/15/27 | &nbsp;&nbsp;&nbsp; USD100 | 97615 |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/15/28 | &nbsp;&nbsp;&nbsp; USD60 | 57225 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/15/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 91655 |
| &nbsp;&nbsp;&nbsp; 5.38%, 11/15/29 | &nbsp;&nbsp;&nbsp; USD95 | 93100 |
| &nbsp;&nbsp;&nbsp; 6.13%, 05/15/30 | &nbsp;&nbsp;&nbsp; USD30 | 30038 |
| &nbsp;&nbsp;&nbsp; 6.63%, 01/15/28 | &nbsp;&nbsp;&nbsp; USD100 | 102424 |
| &nbsp;&nbsp;&nbsp; 6.63%, 05/15/29 | &nbsp;&nbsp;&nbsp; USD100 | 102125 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/15/32 | &nbsp;&nbsp;&nbsp; USD75 | 76147 |
| &nbsp;&nbsp;&nbsp; 7.13%, 11/15/31 | &nbsp;&nbsp;&nbsp; USD85 | 87661 |
| &nbsp;&nbsp;&nbsp; 7.13%, 09/15/32 | &nbsp;&nbsp;&nbsp; USD50 | 51523 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/15/31 | &nbsp;&nbsp;&nbsp; USD90 | 93814 |
| &nbsp;&nbsp;&nbsp; 7.88%, 03/15/30 | &nbsp;&nbsp;&nbsp; USD70 | 73683 |
| &nbsp;&nbsp;&nbsp; 9.00%, 01/15/29 | &nbsp;&nbsp;&nbsp; USD85 | 89256 |
| &nbsp;&nbsp;&nbsp; Organon & Co./Organon Foreign Debt <br> Co-Issuer BV<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/30/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD225 | 212607 |
| &nbsp;&nbsp;&nbsp; 5.13%, 04/30/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD225 | 194625 |
| &nbsp;&nbsp;&nbsp; 2.88%, 04/30/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR150 | 168247 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 47150 |
| &nbsp;&nbsp;&nbsp; 7.88%, 05/15/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 62650 |
| Osaic Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD10 | 10109 |
| &nbsp;&nbsp;&nbsp; 8.00%, 08/01/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD10 | 10163 |
| &nbsp;&nbsp;&nbsp; Outfront Media Capital LLC/Outfront Media <br> Capital Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 57097 |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 47438 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 79219 |
| &nbsp;&nbsp;&nbsp; 7.38%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 41994 |
| Owens & Minor Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/31/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 51899 |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 45022 |
| Owens-Brockway Glass Container Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 05/13/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 60061 |
| &nbsp;&nbsp;&nbsp; 7.25%, 05/15/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 80912 |
| Panther Escrow Issuer LLC, 7.13%, 06/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD320 | 330858 |
| Paramount Global |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/28/57<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 77042 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/30/62, (5-year CMT + 3.999%)<sup>(b)(d)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 103085 |
| &nbsp;&nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic <br> Property LLC/PK Finance Co-Issuer<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 91465 |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 74781 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 51078 |
| PBF Holding Co. LLC/PBF Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/15/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 91283 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; 7.88%, 09/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | $45508 |
| &nbsp;&nbsp;&nbsp; 9.88%, 03/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 84055 |
| PennyMac Financial Services Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 71918 |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 43970 |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 61164 |
| &nbsp;&nbsp;&nbsp; 6.88%, 02/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 127344 |
| &nbsp;&nbsp;&nbsp; 7.13%, 11/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 61842 |
| &nbsp;&nbsp;&nbsp; 7.88%, 12/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 95103 |
| Performance Food Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 91319 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 129837 |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/15/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 101674 |
| Permian Resources Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 70060 |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/01/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD120 | 120818 |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD120 | 124011 |
| &nbsp;&nbsp;&nbsp; 8.00%, 04/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 51024 |
| Perrigo Finance Unlimited Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.90%, 06/15/30 | &nbsp;&nbsp;&nbsp; USD85 | 82973 |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/30/32<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 75654 |
| PetSmart Inc./PetSmart Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD150 | 146859 |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 122284 |
| PG&E Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/28 | &nbsp;&nbsp;&nbsp; USD110 | 107383 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/01/30 | &nbsp;&nbsp;&nbsp; USD115 | 109825 |
| &nbsp;&nbsp;&nbsp; 7.38%, 03/15/55, (5-year CMT + 3.883%)<sup>(b)(d)</sup> | &nbsp;&nbsp;&nbsp; USD150 | 144750 |
| Pike Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 74719 |
| &nbsp;&nbsp;&nbsp; 8.63%, 01/31/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD30 | 32314 |
| Pilgrim's Pride Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/01/32 | &nbsp;&nbsp;&nbsp; USD110 | 98712 |
| &nbsp;&nbsp;&nbsp; 4.25%, 04/15/31 | &nbsp;&nbsp;&nbsp; USD115 | 109910 |
| &nbsp;&nbsp;&nbsp; 6.25%, 07/01/33<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 104909 |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/34 | &nbsp;&nbsp;&nbsp; USD50 | 54603 |
| Post Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 92348 |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD155 | 148064 |
| &nbsp;&nbsp;&nbsp; 5.50%, 12/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 128814 |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 127344 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/15/34<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 65081 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 125169 |
| PRA Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 8.38%, 02/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 40933 |
| &nbsp;&nbsp;&nbsp; 8.88%, 01/31/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 57072 |
| &nbsp;&nbsp;&nbsp; Premier Entertainment Sub LLC/Premier <br> Entertainment Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 54517 |
| &nbsp;&nbsp;&nbsp; 5.88%, 09/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 46391 |
| Prestige Brands Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/01/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 54930 |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49545 |
| &nbsp;&nbsp;&nbsp; Prime Healthcare Services Inc., 9.38%, <br> 09/01/29<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp; USD170 | 168937 |
| &nbsp;&nbsp;&nbsp; Prime Security Services Borrower LLC/Prime <br> Finance Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 08/31/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 125438 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 130000 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; Primo Water Holdings Inc./Triton Water <br> Holdings Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/30/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | $72214 |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 75259 |
| Quikrete Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD445 | 455858 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD150 | 153855 |
| QVC Inc., 6.88%, 04/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 36000 |
| QXO Building Products Inc., 6.75%, 04/30/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD255 | 262313 |
| &nbsp;&nbsp;&nbsp; Radiate Holdco LLC / Radiate Finance Inc., <br> 9.25%, 03/25/30<sup>(c)(h)</sup><br>| &nbsp;&nbsp;&nbsp; USD75 | 52290 |
| Radiology Partners Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 8.50%, 07/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 65677 |
| &nbsp;&nbsp;&nbsp; 9.78%, 02/15/30, (6.78% PIK)<sup>(c)(h)</sup> | &nbsp;&nbsp;&nbsp; USD69 | 68485 |
| Range Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 58328 |
| &nbsp;&nbsp;&nbsp; 8.25%, 01/15/29 | &nbsp;&nbsp;&nbsp; USD55 | 56428 |
| &nbsp;&nbsp;&nbsp; Raven Acquisition Holdings LLC, 6.88%, <br> 11/15/31<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD145 | 146450 |
| Resorts World Las Vegas LLC/RWLV Capital Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/16/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 89058 |
| &nbsp;&nbsp;&nbsp; 8.45%, 07/27/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49813 |
| Reworld Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 12/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 71538 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/30 | &nbsp;&nbsp;&nbsp; USD50 | 47304 |
| RHP Hotel Properties LP/RHP Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 67852 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/27 | &nbsp;&nbsp;&nbsp; USD65 | 64396 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 112344 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 81923 |
| &nbsp;&nbsp;&nbsp; 7.25%, 07/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 41241 |
| Rithm Capital Corp., 8.00%, 07/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 65868 |
| ROBLOX Corp., 3.88%, 05/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 94021 |
| Rocket Companies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 08/01/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD225 | 228077 |
| &nbsp;&nbsp;&nbsp; 6.38%, 08/01/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD210 | 214411 |
| &nbsp;&nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage <br> Co-Issuer Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 10/15/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD145 | 141450 |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 70781 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/01/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 119925 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/15/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 79628 |
| Rocket Software Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 53516 |
| &nbsp;&nbsp;&nbsp; 9.00%, 11/28/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 103259 |
| Rockies Express Pipeline LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 07/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 68591 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/15/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 51909 |
| RR Donnelley & Sons Co. |  |  |
| &nbsp;&nbsp;&nbsp; 9.50%, 08/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 127879 |
| &nbsp;&nbsp;&nbsp; 10.88%, 08/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 48615 |
| Ryan Specialty LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD25 | 23975 |
| &nbsp;&nbsp;&nbsp; 5.88%, 08/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD135 | 135362 |
| Sabre GLBL Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 8.63%, 06/01/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD43 | 43684 |
| &nbsp;&nbsp;&nbsp; 10.75%, 11/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD89 | 91714 |
| &nbsp;&nbsp;&nbsp; 11.13%, 07/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD135 | 142467 |
| Saks Global Enterprises LLC, 11.00%, 12/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 56250 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| SBA Communications Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 02/01/29 | &nbsp;&nbsp;&nbsp; USD165 | $153871 |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/15/27 | &nbsp;&nbsp;&nbsp; USD170 | 166942 |
| SCIH Salt Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 121377 |
| &nbsp;&nbsp;&nbsp; 6.63%, 05/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 74113 |
| &nbsp;&nbsp;&nbsp; SCIL IV LLC/SCIL USA Holdings LLC, 9.50%, <br> 07/15/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 119706 |
| Scotts Miracle-Gro Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/01/31 | &nbsp;&nbsp;&nbsp; USD70 | 63879 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/32 | &nbsp;&nbsp;&nbsp; USD40 | 36330 |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 43187 |
| Scripps Escrow II Inc., 3.88%, 01/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 39938 |
| Scripps Escrow Inc., 5.88%, 07/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 60044 |
| Seagate Data Storage Technology Pte Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.09%, 06/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 67003 |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD35 | 35370 |
| &nbsp;&nbsp;&nbsp; 8.25%, 12/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 58644 |
| &nbsp;&nbsp;&nbsp; 8.50%, 07/15/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 68951 |
| &nbsp;&nbsp;&nbsp; 9.63%, 12/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD72 | 81292 |
| Sealed Air Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/01/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD48 | 46612 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD35 | 34519 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 51553 |
| Sealed Air Corp./Sealed Air Corp. U.S. |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 02/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 70647 |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 51991 |
| Sensata Technologies BV |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 90424 |
| &nbsp;&nbsp;&nbsp; 5.88%, 09/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 75094 |
| Sensata Technologies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 73001 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 47785 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 51103 |
| Service Corp. International/U.S. |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 08/15/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 91080 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/15/31 | &nbsp;&nbsp;&nbsp; USD105 | 97443 |
| &nbsp;&nbsp;&nbsp; 4.63%, 12/15/27 | &nbsp;&nbsp;&nbsp; USD65 | 64316 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/01/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 74388 |
| &nbsp;&nbsp;&nbsp; 5.75%, 10/15/32<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 75172 |
| Service Properties Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 01/15/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 37176 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/15/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD35 | 29652 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/01/26 | &nbsp;&nbsp;&nbsp; USD60 | 59004 |
| &nbsp;&nbsp;&nbsp; 4.95%, 02/15/27 | &nbsp;&nbsp;&nbsp; USD45 | 43903 |
| &nbsp;&nbsp;&nbsp; 4.95%, 10/01/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 52764 |
| &nbsp;&nbsp;&nbsp; 5.50%, 12/15/27 | &nbsp;&nbsp;&nbsp; USD40 | 39500 |
| &nbsp;&nbsp;&nbsp; 8.38%, 06/15/29 | &nbsp;&nbsp;&nbsp; USD70 | 72450 |
| &nbsp;&nbsp;&nbsp; 8.63%, 11/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD120 | 127500 |
| &nbsp;&nbsp;&nbsp; 8.88%, 06/15/32<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 52250 |
| SGUS LLC., 11.00%, 12/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD72 | 67075 |
| &nbsp;&nbsp;&nbsp; Shift4 Payments LLC/Shift4 Payments Finance <br> Sub Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118584 |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD190 | 196116 |
| Silgan Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 06/01/28 | &nbsp;&nbsp;&nbsp; EUR100 | 111034 |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/01/28 | &nbsp;&nbsp;&nbsp; USD60 | 58388 |
| Sinclair Television Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 12/31/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD67 | 49331 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 33200 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; 8.13%, 02/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD105 | $107291 |
| &nbsp;&nbsp;&nbsp; 9.75%, 02/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 54375 |
| Sirius XM Radio Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 09/01/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 112257 |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/01/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD165 | 145535 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD225 | 214245 |
| &nbsp;&nbsp;&nbsp; 4.13%, 07/01/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD155 | 141228 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD165 | 162937 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 128262 |
| &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp./Canada's <br> Wonderland Co./Magnum Management Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 58341 |
| &nbsp;&nbsp;&nbsp; 5.38%, 04/15/27 | &nbsp;&nbsp;&nbsp; USD70 | 69825 |
| Six Flags Entertainment Corp./DE |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/15/27<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 39898 |
| &nbsp;&nbsp;&nbsp; 7.25%, 05/15/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 81331 |
| &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp./Six Flags Theme <br> Parks Inc., 6.63%, 05/01/32<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD90 | 91651 |
| SLM Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 11/02/26 | &nbsp;&nbsp;&nbsp; USD75 | 73305 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/31/30 | &nbsp;&nbsp;&nbsp; USD50 | 51918 |
| SM Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/15/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 55314 |
| &nbsp;&nbsp;&nbsp; 6.63%, 01/15/27 | &nbsp;&nbsp;&nbsp; USD60 | 59940 |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 79930 |
| &nbsp;&nbsp;&nbsp; 7.00%, 08/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 89112 |
| Smyrna Ready Mix Concrete LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 11/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 129426 |
| &nbsp;&nbsp;&nbsp; 8.88%, 11/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 136745 |
| Snap Inc., 6.88%, 03/01/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD155 | 158695 |
| Somnigroup International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 112813 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 47500 |
| Sonic Automotive Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 62555 |
| &nbsp;&nbsp;&nbsp; 4.88%, 11/15/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD52 | 48884 |
| Sotheby's, 7.38%, 10/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 74062 |
| Spirit AeroSystems Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 06/15/28 | &nbsp;&nbsp;&nbsp; USD70 | 68862 |
| &nbsp;&nbsp;&nbsp; 9.38%, 11/30/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 121612 |
| &nbsp;&nbsp;&nbsp; 9.75%, 11/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 126178 |
| SS&C Technologies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/30/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD220 | 220051 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 72039 |
| Stagwell Global LLC, 5.63%, 08/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 105737 |
| &nbsp;&nbsp;&nbsp; Standard Building Solutions Inc., 6.25%, <br> 08/01/33<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD20 | 20194 |
| Standard Industries Inc./New York |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 11/21/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 112963 |
| &nbsp;&nbsp;&nbsp; 3.38%, 01/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD120 | 107247 |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD185 | 175141 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 108589 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 104960 |
| &nbsp;&nbsp;&nbsp; 6.50%, 08/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 117375 |
| Staples Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 10.75%, 09/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 234375 |
| &nbsp;&nbsp;&nbsp; 12.75%, 01/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD97 | 67673 |
| Star Parent Inc., 9.00%, 10/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 105250 |
| Starwood Property Trust Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/27<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 44235 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 50490 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | $51464 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 72039 |
| &nbsp;&nbsp;&nbsp; 7.25%, 04/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 41828 |
| Station Casinos LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 68425 |
| &nbsp;&nbsp;&nbsp; 4.63%, 12/01/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 51458 |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 50938 |
| Stonex Escrow Issuer LLC, 6.88%, 07/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 45801 |
| &nbsp;&nbsp;&nbsp; Suburban Propane Partners LP/Suburban Energy <br> Finance Corp., 5.00%, 06/01/31<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD65 | 61002 |
| Sunoco LP |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 07/01/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 106353 |
| &nbsp;&nbsp;&nbsp; 7.00%, 05/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 88106 |
| &nbsp;&nbsp;&nbsp; 7.25%, 05/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 99486 |
| Sunoco LP/Sunoco Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/15/29 | &nbsp;&nbsp;&nbsp; USD75 | 72719 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/30/30 | &nbsp;&nbsp;&nbsp; USD83 | 79636 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/28 | &nbsp;&nbsp;&nbsp; USD50 | 50053 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/27 | &nbsp;&nbsp;&nbsp; USD50 | 50026 |
| &nbsp;&nbsp;&nbsp; 7.00%, 09/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 71976 |
| Synchrony Financial, 7.25%, 02/02/33 | &nbsp;&nbsp;&nbsp; USD60 | 63024 |
| Talen Energy Supply LLC, 8.63%, 06/01/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD135 | 143532 |
| &nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP/Tallgrass Energy <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 69435 |
| &nbsp;&nbsp;&nbsp; 6.00%, 03/01/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 39909 |
| &nbsp;&nbsp;&nbsp; 6.00%, 12/31/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 88235 |
| &nbsp;&nbsp;&nbsp; 6.00%, 09/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 39124 |
| &nbsp;&nbsp;&nbsp; 7.38%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 97471 |
| Talos Production Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 9.00%, 02/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 61598 |
| &nbsp;&nbsp;&nbsp; 9.38%, 02/01/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 71257 |
| Taylor Morrison Communities Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 08/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 44433 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 55429 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 60367 |
| TEGNA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/15/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 97552 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 124962 |
| Teleflex Inc., 4.25%, 06/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 96716 |
| Tenet Healthcare Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/01/29 | &nbsp;&nbsp;&nbsp; USD160 | 154120 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/30 | &nbsp;&nbsp;&nbsp; USD155 | 149020 |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/15/28 | &nbsp;&nbsp;&nbsp; USD60 | 58987 |
| &nbsp;&nbsp;&nbsp; 5.13%, 11/01/27 | &nbsp;&nbsp;&nbsp; USD170 | 169408 |
| &nbsp;&nbsp;&nbsp; 6.13%, 10/01/28 | &nbsp;&nbsp;&nbsp; USD288 | 288000 |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/15/30 | &nbsp;&nbsp;&nbsp; USD235 | 236993 |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/01/27 | &nbsp;&nbsp;&nbsp; USD145 | 145242 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/31<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD155 | 159548 |
| Tenneco Inc., 8.00%, 11/17/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD200 | 198500 |
| Terex Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 73219 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/15/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 75094 |
| TerraForm Power Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 81535 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/31/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 83810 |
| TKC Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD35 | 35004 |
| &nbsp;&nbsp;&nbsp; 10.50%, 05/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 87298 |
| TransDigm Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/15/29 | &nbsp;&nbsp;&nbsp; USD125 | 122289 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/01/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | $73594 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD170 | 171022 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD310 | 316549 |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/31/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD300 | 301916 |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD255 | 261981 |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD220 | 224423 |
| &nbsp;&nbsp;&nbsp; 6.88%, 12/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD150 | 155409 |
| &nbsp;&nbsp;&nbsp; 7.13%, 12/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD120 | 124950 |
| Transocean Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 02/01/27<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49625 |
| &nbsp;&nbsp;&nbsp; 8.25%, 05/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 94446 |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 96648 |
| &nbsp;&nbsp;&nbsp; 8.75%, 02/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD116 | 120211 |
| &nbsp;&nbsp;&nbsp; Transocean Titan Financing Ltd., 8.38%, <br> 02/01/28<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD45 | 46360 |
| Travel & Leisure Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 12/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 62251 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/01/27 | &nbsp;&nbsp;&nbsp; USD50 | 50336 |
| Tronox Inc., 4.63%, 03/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 81986 |
| Twilio Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/15/29 | &nbsp;&nbsp;&nbsp; USD65 | 61578 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/15/31<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 46502 |
| &nbsp;&nbsp;&nbsp; U.S. Acute Care Solutions LLC, 9.75%, <br> 05/15/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD100 | 102110 |
| U.S. Foods Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 52992 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 87989 |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 54558 |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 71951 |
| &nbsp;&nbsp;&nbsp; 7.25%, 01/15/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 46870 |
| UKG Inc., 6.88%, 02/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD275 | 282219 |
| United Rentals North America Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/15/32<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 72882 |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/15/27 | &nbsp;&nbsp;&nbsp; USD75 | 73031 |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/15/31 | &nbsp;&nbsp;&nbsp; USD125 | 116494 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/15/30 | &nbsp;&nbsp;&nbsp; USD95 | 90048 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/15/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD195 | 194202 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/15/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 89745 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/15/27 | &nbsp;&nbsp;&nbsp; USD47 | 47009 |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/15/34<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 112750 |
| United Wholesale Mortgage LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 73406 |
| &nbsp;&nbsp;&nbsp; 5.75%, 06/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 70035 |
| &nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Fiber Holdings Inc./CSL <br> Capital LLC, 6.00%, 01/15/30<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD75 | 70943 |
| &nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Group Finance 2019 Inc./CSL <br> Capital LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 63138 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 102112 |
| &nbsp;&nbsp;&nbsp; 8.63%, 06/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 65975 |
| &nbsp;&nbsp;&nbsp; 10.50%, 02/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD258 | 272835 |
| Univision Communications Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 120333 |
| &nbsp;&nbsp;&nbsp; 7.38%, 06/30/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 89539 |
| &nbsp;&nbsp;&nbsp; 8.00%, 08/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD160 | 164405 |
| &nbsp;&nbsp;&nbsp; 8.50%, 07/31/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD140 | 142236 |
| &nbsp;&nbsp;&nbsp; 9.38%, 08/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 46688 |
| &nbsp;&nbsp;&nbsp; USA Compression Partners LP/USA Compression <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/01/27 | &nbsp;&nbsp;&nbsp; USD80 | 79972 |
| &nbsp;&nbsp;&nbsp; 7.13%, 03/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 97152 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Vail Resorts Inc., 5.63%, 07/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD15 | $15083 |
| Valaris Ltd., 8.38%, 04/30/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD120 | 124016 |
| Venture Global Calcasieu Pass LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/01/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 113352 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 118055 |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD125 | 117940 |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD135 | 124659 |
| Venture Global LNG Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD180 | 182710 |
| &nbsp;&nbsp;&nbsp; 8.13%, 06/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD255 | 264045 |
| &nbsp;&nbsp;&nbsp; 8.38%, 06/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD240 | 248158 |
| &nbsp;&nbsp;&nbsp; 9.50%, 02/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD340 | 370600 |
| &nbsp;&nbsp;&nbsp; 9.88%, 02/01/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD225 | 242963 |
| Venture Global Plaquemines LNG LLC |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/01/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 140289 |
| &nbsp;&nbsp;&nbsp; 7.75%, 05/01/35<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD135 | 147735 |
| Venture Global Plaquemines LNG LLC. |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/15/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD85 | 87433 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/36<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 66829 |
| VF Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 0.25%, 02/25/28 | &nbsp;&nbsp;&nbsp; EUR100 | 103490 |
| &nbsp;&nbsp;&nbsp; 0.63%, 02/25/32 | &nbsp;&nbsp;&nbsp; EUR100 | 83033 |
| &nbsp;&nbsp;&nbsp; 2.80%, 04/23/27 | &nbsp;&nbsp;&nbsp; USD50 | 47750 |
| &nbsp;&nbsp;&nbsp; 2.95%, 04/23/30 | &nbsp;&nbsp;&nbsp; USD75 | 63592 |
| Viasat Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/15/27<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 59805 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 37890 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/30/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 82540 |
| Viking Cruises Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 09/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 89894 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 50378 |
| &nbsp;&nbsp;&nbsp; 9.13%, 07/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 80571 |
| Vistra Operations Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 05/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD135 | 130731 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/31/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD165 | 164094 |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/01/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 99953 |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD120 | 119858 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 119452 |
| &nbsp;&nbsp;&nbsp; 7.75%, 10/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD170 | 179616 |
| Vital Energy Inc., 7.88%, 04/15/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 100661 |
| VOC Escrow Ltd., 5.00%, 02/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD70 | 69375 |
| Voyager Parent LLC, 9.25%, 07/01/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD185 | 195332 |
| Walgreens Boots Alliance Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 11/20/26 | &nbsp;&nbsp;&nbsp; EUR100 | 113811 |
| &nbsp;&nbsp;&nbsp; 3.20%, 04/15/30 | &nbsp;&nbsp;&nbsp; USD75 | 72937 |
| &nbsp;&nbsp;&nbsp; 8.13%, 08/15/29 | &nbsp;&nbsp;&nbsp; USD75 | 80531 |
| Wand NewCo 3 Inc., 7.63%, 01/30/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD140 | 146842 |
| Warnermedia Holdings Inc., 4.28%, 03/15/32 | &nbsp;&nbsp;&nbsp; USD100 | 83906 |
| Wayfair LLC |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 10/31/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 76384 |
| &nbsp;&nbsp;&nbsp; 7.75%, 09/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 77114 |
| Weatherford International Ltd., 8.63%, 04/30/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD175 | 179759 |
| WESCO Distribution Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 102663 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/15/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 97256 |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/15/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD90 | 92827 |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD140 | 141862 |
| Whirlpool Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/26/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 73275 |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/15/30 | &nbsp;&nbsp;&nbsp; USD65 | 64782 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/33 | &nbsp;&nbsp;&nbsp; USD65 | 64054 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Whirlpool EMEA Finance Sarl, 0.50%, 02/20/28 | &nbsp;&nbsp;&nbsp; EUR100 | $105849 |
| Williams Scotsman Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 08/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD65 | 63929 |
| &nbsp;&nbsp;&nbsp; 6.63%, 06/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD55 | 56390 |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 41229 |
| &nbsp;&nbsp;&nbsp; 7.38%, 10/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 46967 |
| &nbsp;&nbsp;&nbsp; Windstream Services LLC/Windstream Escrow <br> Finance Corp., 8.25%, 10/01/31<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD225 | 235406 |
| Wolverine Escrow LLC, 0.00%, 01/31/33<sup>(e)(f)(k)</sup> | &nbsp;&nbsp;&nbsp; USD89 |  |
| WR Grace Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/15/27<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 79552 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD120 | 110588 |
| &nbsp;&nbsp;&nbsp; Wynn Resorts Finance LLC/Wynn Resorts <br> Capital Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 10/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 99284 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD95 | 95231 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/15/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD105 | 111707 |
| Xerox Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 10.25%, 10/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 46350 |
| &nbsp;&nbsp;&nbsp; 13.50%, 04/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 49063 |
| Xerox Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 08/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 66390 |
| &nbsp;&nbsp;&nbsp; 8.88%, 11/30/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 26210 |
| XPLR Infrastructure Operating Partners LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/15/26<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD50 | 48869 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/15/27<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 58263 |
| &nbsp;&nbsp;&nbsp; 7.25%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 76532 |
| &nbsp;&nbsp;&nbsp; 8.38%, 01/15/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 83900 |
| &nbsp;&nbsp;&nbsp; 8.63%, 03/15/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 121444 |
| XPO Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 06/01/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 46575 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/01/32<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 78024 |
| Yum! Brands Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/15/31 | &nbsp;&nbsp;&nbsp; USD120 | 110593 |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/31/32 | &nbsp;&nbsp;&nbsp; USD130 | 124438 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 73910 |
| &nbsp;&nbsp;&nbsp; 5.38%, 04/01/32 | &nbsp;&nbsp;&nbsp; USD120 | 119396 |
| Zayo Group Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/01/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD155 | 147499 |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD110 | 99211 |
|  |  | 105688382 |
| **Total Corporate Bonds & Notes — 96.9%** <br>**(Cost: $159,612,601)** | **Total Corporate Bonds & Notes — 96.9%** <br>**(Cost: $159,612,601)** | 159713538 |
| **Floating Rate Loan Interests** | **Floating Rate Loan Interests** | **Floating Rate Loan Interests** |
| **United States — 0.0%** | **United States — 0.0%** | **United States — 0.0%** |
| &nbsp;&nbsp;&nbsp; Radiate Holdco, LLC, 4.74%, 2025 FLFO Term <br> Loan, (1-mo. CME Term SOFR at 0.00% Floor + <br> 3.50%, 1.50% PIK), 2025 FLFO Term <br> Loan09/25/29<sup>(b)(h)</sup><br>| &nbsp;&nbsp;&nbsp; $88 | 76024 |
| **Total Floating Rate Loan Interests — 0.0%** <br>**(Cost: $77,241)** | **Total Floating Rate Loan Interests — 0.0%** <br>**(Cost: $77,241)** | 76024 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Sweden — 0.0%** | **Sweden — 0.0%** | **Sweden — 0.0%** |
| &nbsp;&nbsp;&nbsp; Intrum AB<sup>(f)</sup> | &nbsp;&nbsp;&nbsp; 822 | $4298 |
| **United States — 0.1%** | **United States — 0.1%** | **United States — 0.1%** |
| &nbsp;&nbsp;&nbsp; Incora Top Holdco LLC, NVS<sup>(d)(k)</sup> | &nbsp;&nbsp;&nbsp; 1351 | 32600 |
| &nbsp;&nbsp;&nbsp; Office Properties Income Trust, NVS | &nbsp;&nbsp;&nbsp; 149 | 36 |
|  |  | 32636 |
| **Total Common Stocks — 0.1%** <br>**(Cost: $151,861)** | **Total Common Stocks — 0.1%** <br>**(Cost: $151,861)** | 36934 |
| **Preferred Stocks** | **Preferred Stocks** | **Preferred Stocks** |
| **United States — 0.0%** | **United States — 0.0%** | **United States — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Veritas Kapital Assurance PLC, Series G, <br> Preference Shares, NVS<sup>(k)</sup><br>| &nbsp;&nbsp;&nbsp; 263 | 5917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Veritas Kapital Assurance PLC, Series G-1, <br> Preference Shares, NVS<sup>(k)</sup><br>| &nbsp;&nbsp;&nbsp; 181 | 4073 |
|  |  | 9990 |
| **Total Preferred Stocks — 0.0%** <br>**(Cost: $8,840)** | **Total Preferred Stocks — 0.0%** <br>**(Cost: $8,840)** | 9990 |
| **Total Long-Term Investments — 97.0%** <br>**(Cost: $159,850,543)** | **Total Long-Term Investments — 97.0%** <br>**(Cost: $159,850,543)** | 159836486 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 13.7%** | **Money Market Funds — 13.7%** | **Money Market Funds — 13.7%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 4.44%<sup>(l)(m)(n)</sup><br>| &nbsp;&nbsp;&nbsp; 22341824 | 22350761 |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 4.30%<sup>(l)(m)</sup><br>| &nbsp;&nbsp;&nbsp; 290000 | 290000 |
| **Total Short-Term Securities — 13.7%** <br>**(Cost: $22,631,895)** | **Total Short-Term Securities — 13.7%** <br>**(Cost: $22,631,895)** | 22640761 |
| **Total Investments — 110.7%** <br>**(Cost: $182,482,438)** | **Total Investments — 110.7%** <br>**(Cost: $182,482,438)** | 182477247 |
| **Liabilities in Excess of Other Assets — (10.7)%** | **Liabilities in Excess of Other Assets — (10.7)%** | (17581706)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $164895541 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. 

<sup>(b)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. 

<sup>(c)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(d)</sup> All or a portion of this security is on loan.

<sup>(e)</sup> Issuer filed for bankruptcy and/or is in default.

<sup>(f)</sup> Non-income producing security.

<sup>(g)</sup> Perpetual security with no stated maturity date.

<sup>(h)</sup> Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates. 

<sup>(i)</sup> Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect. 

<sup>(j)</sup> Zero-coupon bond.

<sup>(k)</sup> Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. 

<sup>(l)</sup> Affiliate of the Fund.

<sup>(m)</sup> Annualized 7-day yield as of period end.

<sup>(n)</sup> All or a portion of this security was purchased with the cash collateral from loaned securities. 

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*10/31/24*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*07/31/25*<br>| *Shares* <br>*Held at* <br>*07/31/25*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL <br> Agency Shares<br>| $18845580 | $3511125 <br><sup>(a)</sup><br>| $— | &nbsp;&nbsp; $(1271)<br>| $(4673)<br>| $22350761 | 22341824 | $76382 <br><sup>(b)</sup><br>| $— |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency <br> Shares<br>| &nbsp;&nbsp;&nbsp; 1160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; (870000 )<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 290000 | 290000 | &nbsp;&nbsp;&nbsp; 39502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  | $(1271) | $(4673) | $22640761 |  | $115884 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

**Fair Value Hierarchy as of Period End** 

Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

• Level 1 – Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;

• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $159687799 | &nbsp;&nbsp; $25739 | &nbsp;&nbsp; $159713538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Floating Rate Loan Interests | &nbsp;&nbsp; — | &nbsp;&nbsp; 76024 | &nbsp;&nbsp; — | &nbsp;&nbsp; 76024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sweden | &nbsp;&nbsp; 4298 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 4298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp; — | &nbsp;&nbsp; 36 | &nbsp;&nbsp; 32600 | &nbsp;&nbsp; 32636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 9990 | &nbsp;&nbsp; 9990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 22640761 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 22640761 |
|  | &nbsp;&nbsp; $22645059 | &nbsp;&nbsp; $159763859 | &nbsp;&nbsp; $68329 | &nbsp;&nbsp; $182477247 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Abbreviation** | **Currency Abbreviation** |
| CAD | Canadian Dollar |
| EUR | Euro |
| GBP | British Pound |
| USD | United States Dollar |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® US & Intl High Yield Corp Bond ETF**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| CAB | Capital Appreciation Bonds |
| CMT | Constant Maturity Treasury |
| EURIBOR | Euro Interbank Offered Rate |
| NVS | Non-Voting Shares |

---

---

| | |
|:---|:---|
| PIK | Payment-in-kind |
| RB | Revenue Bonds |
| SOFR | Secured Overnight Financing Rate |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** iShares, Inc.

- **b. Investment Company Act file number:** 811-09102

- **c. CIK number of Registrant:** 0000930667

- **d. LEI of Registrant:** 549300MGJZCNMJLBAJ67

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 400 HOWARD STREET

  - **City:** SAN FRANCISCO

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

  - **Telephone number:** 800-474-2737

**Item A.2. Information about the Series.**

- **a. Name of Series:** iShares US & Intl High Yield Corp Bond ETF

- **b. EDGAR series identifier (if any):** S000036906

- **c. LEI of Series:** 549300BBXTFJJ83HN329

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $211334534.99

**Total Liabilities:** $46434438.39

**Net Assets:** $164900096.60

**Delayed Delivery Securities:** $404828.15

**Cash Not Reported:** $1058401.66

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.03000000 | **1-Year:** 11.12000000 | **5-Year:** 267.67000000 | **10-Year:** 36.81000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 183.24000000 | **1-Year:** 5453.16000000 | **5-Year:** 39186.96000000 | **10-Year:** 1251.04000000 | **30-Year:** 27.75000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000112949 | 1.72%                | 2.39%                | -0.23%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $464287.10               | $1579489.73                                |
| Month 2  | $249805.73               | $2809231.18                                |
| Month 3  | $-18758.45               | $-1204132.31                               |

### Schedule of Portfolio Investments

| Name                                           | Title                                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHS/COMMUNITY HEALTH SYS                       | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     65000 | PA      | $61796.57     | 0.04%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                        | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $148418.68    | 0.09%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMS-OSRAM AG                                   | ams-OSRAM AG                                                                     | CUSIP: 000000000<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |    100000 | PA      | $121222.44    | 0.07%             | 2029-03-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Tele Columbus AG                               | Tele Columbus AG                                                                 | CUSIP: 000000000<br>LEI: 3912004GMFDLY04RUQ19 | Long             | DBT              | CORP              | DE        |    105000 | PA      | $81790.11     | 0.05%             | 2029-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                           | Matador Resources Co                                                             | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    105000 | PA      | $105393.75    | 0.06%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| METLEN ENERGY & METALS                         | Metlen Energy & Metals SA                                                        | CUSIP: 000000000<br>LEI: 213800KT8MEUJEJ2KW41 | Long             | DBT              | CORP              | GR        |    100000 | PA      | $117000.22    | 0.07%             | 2029-10-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $168674.40    | 0.10%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| UPCB FINANCE VII LTD                           | UPCB Finance VII Ltd                                                             | CUSIP: 000000000<br>LEI: 5493006V3WX8F38SQ991 | Long             | DBT              | CORP              | KY        |    100000 | PA      | $113574.80    | 0.07%             | 2029-06-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                       | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $47437.50     | 0.03%             | 2030-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| NATIONSTAR MTG HLD INC                         | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $65082.94     | 0.04%             | 2027-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                      | PG&E Corp                                                                        | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    110000 | PA      | $107383.06    | 0.07%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                       | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc        | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $81351.85     | 0.05%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                  | Parkland Corp                                                                    | CUSIP: 70137WAE8<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $70922.94     | 0.04%             | 2029-03-26      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                           | Talos Production Inc                                                             | CUSIP: 87485LAE4<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71257.08     | 0.04%             | 2031-02-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: —       |
| PRA GROUP INC                                  | PRA Group Inc                                                                    | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57071.87     | 0.03%             | 2030-01-31      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| HILCORP ENERGY I/HILCORP                       | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AS3<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85170.31     | 0.05%             | 2028-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| EOLO SPA                                       | Eolo SpA                                                                         | CUSIP: 000000000<br>LEI: 81560046D0F489B08569 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $109009.96    | 0.07%             | 2028-10-21      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                        | Starwood Property Trust Inc                                                      | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |     40000 | PA      | $41827.98     | 0.03%             | 2029-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                       | Performance Food Group Inc                                                       | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101674.25    | 0.06%             | 2032-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| TELUS CORP                                     | TELUS Corp                                                                       | CUSIP: 87971MCM3<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $101601.06    | 0.06%             | 2055-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| ANTERO MIDSTREAM PART/FI                       | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $66707.26     | 0.04%             | 2032-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     95000 | PA      | $92487.23     | 0.06%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| RITCHIE BROS HLDGS INC                         | Ritchie Bros Holdings Inc                                                        | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |     90000 | PA      | $94427.14     | 0.06%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                        | Energean Israel Finance Ltd                                                      | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |     70000 | PA      | $65302.99     | 0.04%             | 2031-03-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HANESBRANDS INC                                | Hanesbrands Inc                                                                  | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |     60000 | PA      | $63150.00     | 0.04%             | 2031-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| STATION CASINOS LLC                            | Station Casinos LLC                                                              | CUSIP: 857691AG4<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68425.00     | 0.04%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                        | Allied Universal Holdco LLC                                                      | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    265000 | PA      | $277918.75    | 0.17%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                           | Neptune Bidco US Inc                                                             | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    285000 | PA      | $275766.00    | 0.17%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                       | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AH4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45031.43     | 0.03%             | 2028-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC                            | Lightning Power LLC                                                              | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |    160000 | PA      | $167328.00    | 0.10%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                       | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $111889.45    | 0.07%             | 2035-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                       | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 03969AAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    110000 | PA      | $108625.00    | 0.07%             | 2026-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD                       | Primo Water Holdings Inc / Triton Water Holdings Inc                             | CUSIP: 74168RAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $72213.85     | 0.04%             | 2029-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES                       | ION Trading Technologies Sarl                                                    | CUSIP: 46205YAB7<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |     75000 | PA      | $78214.59     | 0.05%             | 2029-05-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                       | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $57096.85     | 0.03%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| CROWN AMER/CAP CORP V                          | Crown Americas LLC / Crown Americas Capital Corp V                               | CUSIP: 22819KAB6<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34645.61     | 0.02%             | 2026-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED GROUP BV                                | United Group BV                                                                  | CUSIP: 000000000<br>LEI: 213800PC85O8BJ7DU398 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $117851.77    | 0.07%             | 2031-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                               | MGM Resorts International                                                        | CUSIP: 552953CH2<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88815.76     | 0.05%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| ION TRADING TECHNOLOGIES                       | ION Trading Technologies Sarl                                                    | CUSIP: 46205YAA9<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |     75000 | PA      | $72578.53     | 0.04%             | 2028-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| EDP SA                                         | EDP SA                                                                           | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | DBT              | CORP              | PT        |    100000 | PA      | $116999.08    | 0.07%             | 2054-09-16      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                  | Parkland Corp                                                                    | CUSIP: 70137TAP0<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |     40000 | PA      | $40033.00     | 0.02%             | 2027-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                        | Asbury Automotive Group Inc                                                      | CUSIP: 043436AU8<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |     51000 | PA      | $50163.08     | 0.03%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                             | Advance Auto Parts Inc                                                           | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40214.40     | 0.02%             | 2030-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WEBUILD SPA                                    | Webuild SpA                                                                      | CUSIP: 000000000<br>LEI: 549300UKR289DF4UXQ47 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $124727.57    | 0.08%             | 2028-09-27      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Allison Transmission Inc                       | Allison Transmission Inc                                                         | CUSIP: 019736AE7<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54505.98     | 0.03%             | 2027-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ILIAD SA                                       | iliad SA                                                                         | CUSIP: 000000000<br>LEI: 969500FZ9BTRZS3JNB97 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $111042.01    | 0.07%             | 2028-02-11      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                       | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $54120.72     | 0.03%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                             | Ardonagh Finco Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    100000 | PA      | $118429.94    | 0.07%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                       | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $52887.41     | 0.03%             | 2031-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RITCHIE BROS HLDGS INC                         | Ritchie Bros Holdings Inc                                                        | CUSIP: 76774LAB3<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61491.60     | 0.04%             | 2028-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| THAMES WATER UTIL FIN                          | Thames Water Utilities Finance PLC                                               | CUSIP: 000000000<br>LEI: 213800ESMPQ4RQ7G8351 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $76114.35     | 0.05%             | 2034-01-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| ORSTED A/S                                     | Orsted AS                                                                        | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | DBT              | CORP              | DK        |    100000 | PA      | $116623.73    | 0.07%             | 2099-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                   | Calpine Corp                                                                     | CUSIP: 131347CP9<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63937.76     | 0.04%             | 2029-02-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                       | Acadia Healthcare Co Inc                                                         | CUSIP: 00404AAP4<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |     58000 | PA      | $56095.66     | 0.03%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                       | Service Properties Trust                                                         | CUSIP: 44106MAW2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43903.04     | 0.03%             | 2027-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ZF EUROPE FINANCE BV                           | ZF Europe Finance BV                                                             | CUSIP: 000000000<br>LEI: 549300RI533US2G6G542 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $115157.07    | 0.07%             | 2030-06-12      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                       | Sinclair Television Group Inc                                                    | CUSIP: 829259BF6<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |     67000 | PA      | $49331.39     | 0.03%             | 2032-12-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                 | Var Energi ASA                                                                   | CUSIP: 000000000<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    100000 | PA      | $125637.89    | 0.08%             | 2083-11-15      | Fixed         | 7.86%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                              | DISH Network Corp                                                                | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    388000 | PA      | $404299.88    | 0.25%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                         | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |     95000 | PA      | $96893.35     | 0.06%             | 2033-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| KEHE DIST/FIN / NEXTWAVE                       | KeHE Distributors LLC / KeHE Finance Corp / NextWave Distribution Inc            | CUSIP: 487526AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $125137.50    | 0.08%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS                       | Hughes Satellite Systems Corp                                                    | CUSIP: 444454AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $69066.83     | 0.04%             | 2026-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| INTRUM INV AND FIN                             | Intrum Investments And Financing AB                                              | CUSIP: 000000000<br>LEI: 984500D7B1EFD7460452 | Long             | DBT              | CORP              | SE        |    141917 | PA      | $165668.44    | 0.10%             | 2027-09-11      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                          | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAH2<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    100000 | PA      | $102875.00    | 0.06%             | 2032-04-17      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                       | Discovery Communications LLC                                                     | CUSIP: 25470DCC1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |     50000 | PA      | $44195.46     | 0.03%             | 2030-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                       | Standard Industries Inc/NY                                                       | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    185000 | PA      | $175141.35    | 0.11%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GARFUNKELUX HOLDCO 4 SA                        | Garfunkelux Holdco 4 SA                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     12594 | PA      | $2715.53      | 0.00%             | 2030-05-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| US FOODS INC                                   | US Foods Inc                                                                     | CUSIP: 90290MAE1<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |     55000 | PA      | $52991.98     | 0.03%             | 2030-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                        | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     13000 | PA      | $12838.07     | 0.01%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| CHEPLAPHARM ARZNEIMITTEL                       | Cheplapharm Arzneimittel GmbH                                                    | CUSIP: 000000000<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $117511.39    | 0.07%             | 2030-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| XEROX CORPORATION                              | Xerox Corp                                                                       | CUSIP: 984121CT8<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49062.50     | 0.03%             | 2031-04-15      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| Mobico Group PLC                               | Mobico Group PLC                                                                 | CUSIP: 000000000<br>LEI: 213800A8IQEMY8PA5X34 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $92741.23     | 0.06%             | 2031-09-26      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TAMARACK VALLEY ENERGY L                       | Tamarack Valley Energy Ltd                                                       | CUSIP: 87505YAA0<br>LEI: 549300TLKPX8BE14MH06 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $36715.47     | 0.02%             | 2027-05-10      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                       | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49928.34     | 0.03%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| PIKE CORP                                      | Pike Corp                                                                        | CUSIP: 721283AA7<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74718.75     | 0.05%             | 2028-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| IHO Verwaltungs GmbH                           | IHO Verwaltungs GmbH                                                             | CUSIP: 44963BAD0<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |     50000 | PA      | $50042.40     | 0.03%             | 2029-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                               | Aretec Group Inc                                                                 | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |     70000 | PA      | $76395.78     | 0.05%             | 2030-08-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                         | Venture Global LNG Inc                                                           | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    225000 | PA      | $242962.97    | 0.15%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: —       |
| HUDSON PACIFIC PROPERTIE                       | Hudson Pacific Properties LP                                                     | CUSIP: 44409MAA4<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |     50000 | PA      | $47125.00     | 0.03%             | 2027-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies Inc                          | SS&C Technologies Inc                                                            | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |    220000 | PA      | $220050.60    | 0.13%             | 2027-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                       | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $52744.00     | 0.03%             | 2032-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                               | AmWINS Group Inc                                                                 | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71288.00     | 0.04%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| EUSHI FINANCE INC                              | EUSHI Finance Inc                                                                | CUSIP: 29882DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $52201.22     | 0.03%             | 2054-12-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                 | Owens-Brockway Glass Container Inc                                               | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80912.00     | 0.05%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| PBF HOLDING CO LLC                             | PBF Holding Co LLC / PBF Finance Corp                                            | CUSIP: 69318FAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $45507.82     | 0.03%             | 2030-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PETSMART INC/PETSMART FI                       | PetSmart Inc / PetSmart Finance Corp                                             | CUSIP: 71677KAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $122283.94    | 0.07%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                          | Molina Healthcare Inc                                                            | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73978.53     | 0.04%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BANCA POPOLARE SONDRIO                         | Banca Popolare di Sondrio SPA                                                    | CUSIP: 000000000<br>LEI: J48C8PCSJVUBR8KCW529 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $114826.34    | 0.07%             | 2032-02-25      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                             | Viking Cruises Ltd                                                               | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     50000 | PA      | $50377.81     | 0.03%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                        | American Axle & Manufacturing Inc                                                | CUSIP: 02406PAU4<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45056.25     | 0.03%             | 2027-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| BROOKFIELD PPTY FIN ULC                        | Brookfield Property Finance ULC                                                  | CUSIP: 11287PAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    100000 | PA      | $74899.86     | 0.05%             | 2028-02-13      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CARNIVAL PLC                                   | Carnival PLC                                                                     | CUSIP: 000000000<br>LEI: 4DR1VPDQMHD3N3QW8W95 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $115653.24    | 0.07%             | 2031-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                  | CommScope LLC                                                                    | CUSIP: 203372AX5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |     87000 | PA      | $84622.33     | 0.05%             | 2029-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| HERC HOLDINGS INC                              | Herc Holdings Inc                                                                | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92137.50     | 0.06%             | 2029-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| LGI HOMES INC                                  | LGI Homes Inc                                                                    | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52297.50     | 0.03%             | 2028-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| 1011778 BC / NEW RED FIN                       | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     50000 | PA      | $50354.79     | 0.03%             | 2029-09-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                 | NCR Voyix Corp                                                                   | CUSIP: 62886EAY4<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68808.61     | 0.04%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                       | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    120000 | PA      | $99915.00     | 0.06%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| WYNN RESORTS FINANCE LLC                       | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $95230.61     | 0.06%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AG TTMT ESCROW ISSUER                          | AG TTMT Escrow Issuer LLC                                                        | CUSIP: 00840KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $66835.24     | 0.04%             | 2027-09-30      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                   | US Foods Inc                                                                     | CUSIP: 90290MAH4<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46870.26     | 0.03%             | 2032-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| ADAPTHEALTH LLC                                | AdaptHealth LLC                                                                  | CUSIP: 00653VAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $56219.42     | 0.03%             | 2029-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                         | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    100000 | PA      | $108107.93    | 0.07%             | 2028-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SCHAEFFLER AG                                  | Schaeffler AG                                                                    | CUSIP: 000000000<br>LEI: 549300Q7E782X7GC1P43 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $117179.13    | 0.07%             | 2029-08-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LORCA TELECOM BONDCO                           | Lorca Telecom Bondco SA                                                          | CUSIP: 000000000<br>LEI: 9598004HFBAS82YM7X35 | Long             | DBT              | CORP              | ES        |    150000 | PA      | $171244.11    | 0.10%             | 2027-09-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MOTION FINCO SARL                              | Motion Finco Sarl                                                                | CUSIP: 61980LAB5<br>LEI: 2549002L1LBQZKA7UN30 | Long             | DBT              | CORP              | LU        |     50000 | PA      | $44108.56     | 0.03%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN                         | Cogent Communications Group LLC / Cogent Finance Inc                             | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45056.25     | 0.03%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| TALLGRASS NRG PRTNR/FIN                        | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $88234.90     | 0.05%             | 2030-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                        | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |    105000 | PA      | $102112.50    | 0.06%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| TENNECO INC                                    | Tenneco Inc                                                                      | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198500.00    | 0.12%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |     90000 | PA      | $85493.32     | 0.05%             | 2030-01-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                            | Kinetik Holdings LP                                                              | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |     95000 | PA      | $95141.11     | 0.06%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| MATADOR RESOURCES CO                           | Matador Resources Co                                                             | CUSIP: 576485AF3<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45753.30     | 0.03%             | 2028-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $64939.42     | 0.04%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ODIDO HOLD BV                                  | Odido Holding BV                                                                 | CUSIP: 000000000<br>LEI: 7245000O9YOLPPM9YB33 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $113445.87    | 0.07%             | 2029-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                         | Comstock Resources Inc                                                           | CUSIP: 205768AU8<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49187.50     | 0.03%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VF CORP                                        | VF Corp                                                                          | CUSIP: 918204BC1<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |     75000 | PA      | $63591.75     | 0.04%             | 2030-04-23      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ALSTRIA OFFICE AG                              | Alstria Office AG                                                                | CUSIP: 000000000<br>LEI: 529900QIJIGPI0DRL085 | Long             | DBT              |  | DE        |    100000 | PA      | $116623.13    | 0.07%             | 2031-03-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                   | Calpine Corp                                                                     | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108679.27    | 0.07%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                        | United Rentals North America Inc                                                 | CUSIP: 911365BF0<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     47000 | PA      | $47009.40     | 0.03%             | 2027-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                       | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    100000 | PA      | $102227.52    | 0.06%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING                        | Alcoa Nederland Holding BV                                                       | CUSIP: 013822AH4<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |     75000 | PA      | $78223.43     | 0.05%             | 2031-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                      | Ball Corp                                                                        | CUSIP: 058498AX4<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |     90000 | PA      | $80550.00     | 0.05%             | 2031-09-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: —       |
| PINNACLE BIDCO PLC                             | Pinnacle Bidco PLC                                                               | CUSIP: 000000000<br>LEI: 2138006Z5V8OBL2A2Q06 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $139288.99    | 0.08%             | 2028-10-11      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE                         | Edgewell Personal Care Co                                                        | CUSIP: 28035QAA0<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79540.00     | 0.05%             | 2028-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| 888 ACQUISITIONS LTD                           | 888 Acquisitions Ltd                                                             | CUSIP: 000000000<br>LEI: 254900RFD0BP3JOPZU89 | Long             | DBT              | CORP              | GI        |    100000 | PA      | $115182.38    | 0.07%             | 2027-07-15      | Fixed         | 7.56%                 | No            |                  2 | On Loan: No      |
| KRONOS ACQUISITION HOLDI                       | Kronos Acquisition Holdings Inc                                                  | CUSIP: 50106GAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $39013.65     | 0.02%             | 2031-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| GRUPO-ANTOLIN IRAUSA SA                        | Grupo Antolin-Irausa SA                                                          | CUSIP: 000000000<br>LEI: 213800OILC5Q9AR63B63 | Long             | DBT              | CORP              | ES        |    100000 | PA      | $70255.18     | 0.04%             | 2028-04-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                        | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $39909.04     | 0.02%             | 2027-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AAREAL BANK AG                                 | Aareal Bank AG                                                                   | CUSIP: 000000000<br>LEI: EZKODONU5TYHW4PP1R34 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $118927.22    | 0.07%             | 2034-12-12      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ZF EUROPE FINANCE BV                           | ZF Europe Finance BV                                                             | CUSIP: 000000000<br>LEI: 549300RI533US2G6G542 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $100365.17    | 0.06%             | 2029-10-23      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BFF BANK SPA                                   | BFF Bank SpA                                                                     | CUSIP: 000000000<br>LEI: 815600522538355AE429 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $117169.15    | 0.07%             | 2028-03-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MATTAMY GROUP CORP                             | Mattamy Group Corp                                                               | CUSIP: 57701RAJ1<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |     35000 | PA      | $34767.30     | 0.02%             | 2027-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PAPREC HOLDING SA                              | Paprec Holding SA                                                                | CUSIP: 000000000<br>LEI: 969500ASAFSVN9KVC873 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $116235.65    | 0.07%             | 2030-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $202255.10    | 0.12%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| POST HOLDINGS INC                              | Post Holdings Inc                                                                | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    125000 | PA      | $115435.00    | 0.07%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EDGE FINCO PLC                                 | Edge Finco PLC                                                                   | CUSIP: 000000000<br>LEI: 648835NI8LJE5190NT73 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $139520.06    | 0.08%             | 2031-08-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| OFFICE PPTY INCOME TRST                        | Office Properties Income Trust                                                   | CUSIP: 67623CAJ8<br>LEI: N/A                  | Long             | DBT              |  | US        |     50000 | PA      | $37125.00     | 0.02%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| ORGANON & CO/ORGANON FOR                       | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622FAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $62650.00     | 0.04%             | 2034-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                         | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76531.98     | 0.05%             | 2029-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CAIXA ECO MONTEPIO GERAL                       | Caixa Economica Montepio Geral Caixa Economica Bancaria SA                       | CUSIP: 000000000<br>LEI: 2138004FIUXU3B2MR537 | Long             | DBT              | CORP              | PT        |    100000 | PA      | $118971.90    | 0.07%             | 2028-05-29      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                       | Fortescue Treasury Pty Ltd                                                       | CUSIP: 30251GBD8<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |     80000 | PA      | $81000.00     | 0.05%             | 2030-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                       | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp               | CUSIP: 505742AP1<br>LEI: N/A                  | Long             | DBT              |  | US        |     53000 | PA      | $51492.71     | 0.03%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AXALTA COAT/DUTCH HLD BV                       | Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV           | CUSIP: 05454NAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     50000 | PA      | $49618.75     | 0.03%             | 2027-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ZF EUROPE FINANCE BV                           | ZF Europe Finance BV                                                             | CUSIP: 000000000<br>LEI: 549300RI533US2G6G542 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $113953.39    | 0.07%             | 2029-03-13      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm Inc                                                                    | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    120000 | PA      | $124950.00    | 0.08%             | 2031-12-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    355000 | PA      | $351893.75    | 0.21%             | 2027-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                          | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $75951.40     | 0.05%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CMA CGM SA                                     | CMA CGM SA                                                                       | CUSIP: 000000000<br>LEI: 969500BZJ49IICIBZZ08 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $119179.90    | 0.07%             | 2029-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                          | Tenet Healthcare Corp                                                            | CUSIP: 88033GDS6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145242.02    | 0.09%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NOVELIS SHEET INGOT GMBH                       | Novelis Sheet Ingot GmbH                                                         | CUSIP: 000000000<br>LEI: 9845005E95899E77AY49 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $111093.85    | 0.07%             | 2029-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Radiate Holdco LLC                             | Radiate Holdco LLC 2025 FLFO Term Loan                                           | CUSIP: 000000000<br>LEI: 5493000GQJ5RDX9DNJ71 | Long             | LON              | CORP              | US        |     87863 | PA      | $76023.75     | 0.05%             | 2029-09-25      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                        | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92841HAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     50000 | PA      | $51360.44     | 0.03%             | 2028-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: —       |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                         | CUSIP: 15089QAW4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104183.89    | 0.06%             | 2028-11-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                             | Voyager Parent LLC                                                               | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    185000 | PA      | $195332.25    | 0.12%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL                       | Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl              | CUSIP: 42329HAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $102083.04    | 0.06%             | 2029-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SUMMER BC HOLDCO B SARL                        | Summer BC Holdco B SARL                                                          | CUSIP: 000000000<br>LEI: 984500NRF59D5DB9B654 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $111934.60    | 0.07%             | 2030-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                           | Range Resources Corp                                                             | CUSIP: 75281ABJ7<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56428.23     | 0.03%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                   | Entegris Inc                                                                     | CUSIP: 29362UAD6<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |     35000 | PA      | $32857.14     | 0.02%             | 2029-05-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: —       |
| GETLINK SE                                     | Getlink SE                                                                       | CUSIP: 000000000<br>LEI: 9695007ZEQ7M0OE74G82 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $117037.15    | 0.07%             | 2030-04-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                                      | TEGNA Inc                                                                        | CUSIP: 87901JAJ4<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97552.00     | 0.06%             | 2028-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    265000 | PA      | $260002.10    | 0.16%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| GOLDSTORY SASU                                 | Goldstory SAS                                                                    | CUSIP: 000000000<br>LEI: 969500NWR67ONUJD4A26 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $118766.73    | 0.07%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                              | Post Holdings Inc                                                                | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127343.75    | 0.08%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                          | Molina Healthcare Inc                                                            | CUSIP: 60855RAL4<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |     85000 | PA      | $74224.13     | 0.05%             | 2032-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                         | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $125310.29    | 0.08%             | 2032-02-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| TWILIO INC                                     | Twilio Inc                                                                       | CUSIP: 90138FAC6<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |     65000 | PA      | $61578.11     | 0.04%             | 2029-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| SLM CORP                                       | SLM Corp                                                                         | CUSIP: 78442PGE0<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73305.00     | 0.04%             | 2026-11-02      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| SPIE SA                                        | SPIE SA                                                                          | CUSIP: 000000000<br>LEI: 969500TJNS5GSFWJ8X85 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $115756.20    | 0.07%             | 2030-05-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                            | Avantor Funding Inc                                                              | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    155000 | PA      | $151512.50    | 0.09%             | 2028-07-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                            | Buckeye Partners LP                                                              | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87615.27     | 0.05%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                         | Venture Global LNG Inc                                                           | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    255000 | PA      | $264044.85    | 0.16%             | 2028-06-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: —       |
| ATKINSREALIS GROUP INC                         | AtkinsRealis Group Inc                                                           | CUSIP: 78460TAK1<br>LEI: UL01OYG5OMLM5G6CFM03 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $18568.29     | 0.01%             | 2026-06-12      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                          | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72794.37     | 0.04%             | 2031-05-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENT/SIX FLAG                         | Six Flags Entertainment Corp /Six Flags Theme Parks Inc/ Canada's Wonderland Co  | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $91650.60     | 0.06%             | 2032-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                  | CommScope LLC                                                                    | CUSIP: 20338MAA0<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52683.38     | 0.03%             | 2031-12-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: —       |
| COINBASE GLOBAL INC                            | Coinbase Global Inc                                                              | CUSIP: 19260QAD9<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |     70000 | PA      | $62710.00     | 0.04%             | 2031-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                     | goeasy Ltd                                                                       | CUSIP: 380355AM9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |     55000 | PA      | $55266.42     | 0.03%             | 2030-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| EQUIPMENTSHARE.COM INC                         | EquipmentShare.com Inc                                                           | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    120000 | PA      | $126474.86    | 0.08%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| PRESTIGE BRANDS INC                            | Prestige Brands Inc                                                              | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |     60000 | PA      | $54929.85     | 0.03%             | 2031-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| AXALTA COATING SYSTEMS                         | Axalta Coating Systems LLC                                                       | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |     75000 | PA      | $70174.13     | 0.04%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                         | Cushman & Wakefield US Borrower LLC                                              | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |     40000 | PA      | $42834.68     | 0.03%             | 2031-09-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| STARWOOD PROPERTY TRUST                        | Starwood Property Trust Inc                                                      | CUSIP: 85571BBE4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |     70000 | PA      | $72038.90     | 0.04%             | 2030-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                         | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $66745.80     | 0.04%             | 2031-10-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| VIVION INVESTMENTS                             | Vivion Investments Sarl                                                          | CUSIP: 000000000<br>LEI: 529900SJ7X71ESJK9N76 | Long             | DBT              | CORP              | LU        |    101455 | PA      | $114196.10    | 0.07%             | 2028-08-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AIR CANADA                                     | Air Canada                                                                       | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $123736.25    | 0.08%             | 2026-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                              | Clean Harbors Inc                                                                | CUSIP: 184496AN7<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49619.00     | 0.03%             | 2027-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                              | Newell Brands Inc                                                                | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57452.48     | 0.03%             | 2032-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                               | Cinemark USA Inc                                                                 | CUSIP: 172441BH9<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41305.03     | 0.03%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| OLYMPUS WTR US HLDG CORP                       | Olympus Water US Holding Corp                                                    | CUSIP: 681639AB6<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     75000 | PA      | $71812.50     | 0.04%             | 2029-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                               | Boyd Gaming Corp                                                                 | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118986.00    | 0.07%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                         | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $25312.50     | 0.02%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                         | Harvest Midstream I LP                                                           | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75888.70     | 0.05%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                        | United Rentals North America Inc                                                 | CUSIP: 911363AM1<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    125000 | PA      | $116493.95    | 0.07%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION                             | Kohl's Corp                                                                      | CUSIP: 500255AX2<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |     50000 | PA      | $36096.64     | 0.02%             | 2031-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| AIR FRANCE-KLM                                 | Air France-KLM                                                                   | CUSIP: 000000000<br>LEI: 969500AQW31GYO8JZD66 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $128546.31    | 0.08%             | 2028-05-31      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| CT INVESTMENT GMBH                             | CT Investment GmbH                                                               | CUSIP: 000000000<br>LEI: 529900VYBTC7HKBCNB72 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $118313.22    | 0.07%             | 2030-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                 | Gray Media Inc                                                                   | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    145000 | PA      | $156781.25    | 0.10%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: —       |
| AXON ENTERPRISE INC                            | Axon Enterprise Inc                                                              | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     95000 | PA      | $97377.10     | 0.06%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TKC HOLDINGS INC                               | TKC Holdings Inc                                                                 | CUSIP: 87256YAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35003.76     | 0.02%             | 2028-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                             | Kennedy-Wilson Inc                                                               | CUSIP: 489399AM7<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |     71000 | PA      | $64914.74     | 0.04%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| ADAPTHEALTH LLC                                | AdaptHealth LLC                                                                  | CUSIP: 00653VAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $56377.76     | 0.03%             | 2030-03-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| LITHIA MOTORS INC                              | Lithia Motors Inc                                                                | CUSIP: 536797AE3<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49244.16     | 0.03%             | 2027-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                         | CUSIP: 000000000<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103160.14    | 0.06%             | 2028-09-10      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                               | Altice France SA                                                                 | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $104220.70    | 0.06%             | 2027-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Heathrow Finance PLC                           | Heathrow Finance PLC                                                             | CUSIP: 000000000<br>LEI: 549300F740QSGMPHQJ60 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $128626.70    | 0.08%             | 2027-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SCRIPPS ESCROW II INC                          | Scripps Escrow II Inc                                                            | CUSIP: 81105DAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $39937.50     | 0.02%             | 2029-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| CAESARS ENTERTAIN INC                          | Caesars Entertainment Inc                                                        | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    155000 | PA      | $158040.45    | 0.10%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                           | Edison International                                                             | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57649.13     | 0.03%             | 2054-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                             | Vodafone Group PLC                                                               | CUSIP: 000000000<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $113811.22    | 0.07%             | 2080-08-27      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                        | Howard Midstream Energy Partners LLC                                             | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $82608.00     | 0.05%             | 2032-07-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                       | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $53253.95     | 0.03%             | 2033-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                       | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $79627.91     | 0.05%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| UNITED RENTALS NORTH AM                        | United Rentals North America Inc                                                 | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     95000 | PA      | $90047.58     | 0.05%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KAIXO BONDCO TELECOM SA                        | Kaixo Bondco Telecom SA                                                          | CUSIP: 000000000<br>LEI: 959800ULWB3MZHZ69055 | Long             | DBT              | CORP              | ES        |    100000 | PA      | $115640.26    | 0.07%             | 2029-09-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                               | MGM Resorts International                                                        | CUSIP: 552953CJ8<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91350.00     | 0.06%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| TERRAFORM POWER OPERATIN                       | TerraForm Power Operating LLC                                                    | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |     85000 | PA      | $83810.12     | 0.05%             | 2028-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                 | Rocket Cos Inc                                                                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $228076.54    | 0.14%             | 2030-08-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| TALLGRASS NRG PRTNR/FIN                        | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $97470.74     | 0.06%             | 2029-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| KANE BIDCO LTD                                 | Kane Bidco Ltd                                                                   | CUSIP: 000000000<br>LEI: 213800IT8MD1MLYZWC24 | Long             | DBT              | CORP              | JE        |    100000 | PA      | $133959.22    | 0.08%             | 2031-07-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NOVA Chemicals Corp                            | NOVA Chemicals Corp                                                              | CUSIP: 66977WAR0<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |    110000 | PA      | $109323.50    | 0.07%             | 2027-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBAL / MS DIG                        | Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC          | CUSIP: 60832QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $98550.63     | 0.06%             | 2030-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                          | McGraw-Hill Education Inc                                                        | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |     80000 | PA      | $81300.00     | 0.05%             | 2029-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                       | Rogers Communications Inc                                                        | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $102206.36    | 0.06%             | 2055-04-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| VF CORP                                        | VF Corp                                                                          | CUSIP: 918204AY4<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |    100000 | PA      | $83033.07     | 0.05%             | 2032-02-25      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| HILTON WORLDWIDE FIN LLC                       | Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp                     | CUSIP: 432891AK5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59945.93     | 0.04%             | 2027-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                     | DaVita Inc                                                                       | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113120.14    | 0.07%             | 2032-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| MERCER INTL INC                                | Mercer International Inc                                                         | CUSIP: 588056BB6<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |     85000 | PA      | $68500.65     | 0.04%             | 2029-02-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| WEPA HYGIENEPRODUKTE GMB                       | WEPA Hygieneprodukte GmbH                                                        | CUSIP: 000000000<br>LEI: 529900KQ44OJDIDU6J81 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $119426.17    | 0.07%             | 2031-01-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                            | Altice Financing SA                                                              | CUSIP: 02154CAF0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    135000 | PA      | $107538.07    | 0.07%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                       | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    140000 | PA      | $109900.00    | 0.07%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| BANIJAY ENTERTAINMENT                          | Banijay Entertainment SAS                                                        | CUSIP: 000000000<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $119057.86    | 0.07%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                               | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     65000 | PA      | $69109.95     | 0.04%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| RADIOLOGY PARTNERS INC                         | Radiology Partners Inc                                                           | CUSIP: 75041VAE4<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65676.65     | 0.04%             | 2032-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                         | WESCO Distribution Inc                                                           | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     95000 | PA      | $97256.25     | 0.06%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| IQVIA INC                                      | IQVIA Inc                                                                        | CUSIP: 000000000<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    100000 | PA      | $110324.61    | 0.07%             | 2029-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                       | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $146677.83    | 0.09%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                          | Tenet Healthcare Corp                                                            | CUSIP: 88033GDM9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    160000 | PA      | $154120.00    | 0.09%             | 2029-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                         | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAC9<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |     55000 | PA      | $57475.55     | 0.03%             | 2031-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| CREDIT ACCEPTANC                               | Credit Acceptance Corp                                                           | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $70668.50     | 0.04%             | 2030-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                           | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55429.41     | 0.03%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                       | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     57000 | PA      | $56857.50     | 0.03%             | 2027-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                   | Entegris Inc                                                                     | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100915.00    | 0.06%             | 2030-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| PANTHER ESCROW ISSUER                          | Panther Escrow Issuer LLC                                                        | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    320000 | PA      | $330857.60    | 0.20%             | 2031-06-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                         | WESCO Distribution Inc                                                           | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92827.29     | 0.06%             | 2032-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| CNX RESOURCES CORP                             | CNX Resources Corp                                                               | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51573.32     | 0.03%             | 2032-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm Inc                                                                    | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73593.75     | 0.04%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| ALTICE FRANCE SA                               | Altice France SA                                                                 | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $99147.97     | 0.06%             | 2028-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ABANCA CORP BANCARIA SA                        | Abanca Corp Bancaria SA                                                          | CUSIP: 000000000<br>LEI: 54930056IRBXK0Q1FP96 | Long             | DBT              | CORP              | ES        |    100000 | PA      | $117133.58    | 0.07%             | 2036-12-11      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                             | Advance Auto Parts Inc                                                           | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45281.25     | 0.03%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                 | NCR Voyix Corp                                                                   | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48990.55     | 0.03%             | 2029-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                         | Northern Oil & Gas Inc                                                           | CUSIP: 665531AG4<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75750.00     | 0.05%             | 2028-03-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                       | Boost Newco Borrower LLC/GTCR W Dutch Finance Sub BV                             | CUSIP: 000000000<br>LEI: 894500GLVOTVRGS68C28 | Long             | DBT              | CORP              | XX        |    100000 | PA      | $142120.33    | 0.09%             | 2031-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBAL / MS DIG                        | Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC          | CUSIP: 60832QAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $57078.45     | 0.03%             | 2031-04-15      | Fixed         | 11.88%                | No            |                  2 | On Loan: No      |
| BELL CANADA                                    | Bell Telephone Co of Canada or Bell Canada                                       | CUSIP: 0778FPAP4<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $101941.82    | 0.06%             | 2055-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| XEROX HOLDINGS CORP                            | Xerox Holdings Corp                                                              | CUSIP: 98421MAB2<br>LEI: 5493000Y33XDVO2CXC18 | Long             | DBT              | CORP              | US        |    100000 | PA      | $66390.00     | 0.04%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                          | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $73099.18     | 0.04%             | 2029-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOG                 | SEAGATE DATA STOR                                                                | CUSIP: 81180LAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     55000 | PA      | $58643.75     | 0.04%             | 2029-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| OUTFRONT MEDIA CAP LLC/C                       | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $79219.19     | 0.05%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                | Fair Isaac Corp                                                                  | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150955.77    | 0.09%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| VIKING CRUISES LTD                             | Viking Cruises Ltd                                                               | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     75000 | PA      | $80571.11     | 0.05%             | 2031-07-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                          | Level 3 Financing Inc                                                            | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202750.00    | 0.12%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| EDREAMS ODIGEO SA                              | eDreams ODIGEO SA                                                                | CUSIP: 000000000<br>LEI: 959800Y8LQ5MR2YZ4N96 | Long             | DBT              | CORP              | ES        |    100000 | PA      | $115454.77    | 0.07%             | 2030-12-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                               | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $97375.00     | 0.06%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| NABORS INDUSTRIES INC                          | Nabors Industries Inc                                                            | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70679.00     | 0.04%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                          | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    445000 | PA      | $455858.00    | 0.28%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                   | Navient Corp                                                                     | CUSIP: 63938CAL2<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     55000 | PA      | $53688.17     | 0.03%             | 2028-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER/ATLANTI                       | California Buyer Ltd / Atlantica Sustainable Infrastructure PLC                  | CUSIP: 13005HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |     75000 | PA      | $75939.06     | 0.05%             | 2032-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                       | Graphic Packaging International LLC                                              | CUSIP: 38869AAB3<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33378.10     | 0.02%             | 2028-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                          | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    135000 | PA      | $147735.14    | 0.09%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                       | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAP4<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     95000 | PA      | $90022.68     | 0.05%             | 2029-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                         | Delek Logistics Partners LP / Delek Logistics Finance Corp                       | CUSIP: 24665FAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $104114.12    | 0.06%             | 2029-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                        | Energean Israel Finance Ltd                                                      | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |     56000 | PA      | $53930.50     | 0.03%             | 2028-03-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ERAMET                                         | Eramet SA                                                                        | CUSIP: 000000000<br>LEI: 549300LUH78PG2MP6N64 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $116957.22    | 0.07%             | 2028-05-22      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LABL INC                                       | LABL Inc                                                                         | CUSIP: 50168QAC9<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |     50000 | PA      | $43921.74     | 0.03%             | 2028-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO FINANCE 2                        | INEOS Quattro Finance 2 Plc                                                      | CUSIP: 000000000<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $107741.94    | 0.07%             | 2030-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FNC NL II                           | Teva Pharmaceutical Finance Netherlands II BV                                    | CUSIP: 000000000<br>LEI: 549300HSQCIKJAOYIT23 | Long             | DBT              | CORP              | NL        |    125000 | PA      | $143464.61    | 0.09%             | 2031-06-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| AIR CANADA                                     | Air Canada                                                                       | CUSIP: 008911BJ7<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |    213000 | PA      | $152159.32    | 0.09%             | 2029-08-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                       | Connect Finco SARL / Connect US Finco LLC                                        | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    225000 | PA      | $227182.41    | 0.14%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| JAZZ SECURITIES DAC                            | Jazz Securities DAC                                                              | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |    180000 | PA      | $174150.00    | 0.11%             | 2029-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                            | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |    100000 | PA      | $117762.43    | 0.07%             | 2031-07-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NUVISTA ENERGY LTD                             | NuVista Energy Ltd                                                               | CUSIP: 67072QAD6<br>LEI: 549300MG32TDSM60SX75 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $36110.78     | 0.02%             | 2026-07-23      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA SPA                             | Telecom Italia SpA/Milano                                                        | CUSIP: 000000000<br>LEI: 549300W384M3RI3VXU42 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $127882.69    | 0.08%             | 2028-07-31      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                             | Vodafone Group PLC                                                               | CUSIP: 92857WBW9<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |     95000 | PA      | $87769.15     | 0.05%             | 2081-06-04      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                       | Sinclair Television Group Inc                                                    | CUSIP: 829259BG4<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |     50000 | PA      | $54375.00     | 0.03%             | 2033-02-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STOR                              | Seagate Data Storage Technology Pte Ltd                                          | CUSIP: 81180LAK1<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     70000 | PA      | $67003.13     | 0.04%             | 2029-06-01      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                | Sealed Air Corp                                                                  | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34519.35     | 0.02%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TELENET FINANCE LUX NOTE                       | Telenet Finance Luxembourg Notes Sarl                                            | CUSIP: 000000000<br>LEI: 2138007RI9GLJPCC3E25 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $113776.96    | 0.07%             | 2028-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                               | CSC Holdings LLC                                                                 | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144937.50    | 0.09%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SCRIPPS ESCROW INC                             | Scripps Escrow Inc                                                               | CUSIP: 81104PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $60043.50     | 0.04%             | 2027-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                         | Clearway Energy Operating LLC                                                    | CUSIP: 18539UAD7<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |     95000 | PA      | $86636.82     | 0.05%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                       | Encore Capital Group Inc                                                         | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52715.63     | 0.03%             | 2030-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                 | 1261229 BC Ltd                                                                   | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    500000 | PA      | $509375.00    | 0.31%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| VERITAS SERIES G PREFERRED STO                 | VERITAS SERIES G PREFERRED STO                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       263 | NS      | $5917.50      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| THAMES WATER UTIL LTD                          | Thames Water Utilities Ltd                                                       | CUSIP: 000000000<br>LEI: 213800JKM5UQHFJOTZ25 | Long             | DBT              | CORP              | GB        |       500 | PA      | $548.90       | 0.00%             | 2027-03-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                      | PG&E Corp                                                                        | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    115000 | PA      | $109825.00    | 0.07%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| XEROX CORPORATION                              | Xerox Corp                                                                       | CUSIP: 984121CS0<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46350.00     | 0.03%             | 2030-10-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                       | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $136687.50    | 0.08%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LABORATOIRE EIMER SELAS                        | Laboratoire Eimer Selas                                                          | CUSIP: 000000000<br>LEI: 969500DCZL54LLTFEM37 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $105282.54    | 0.06%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                  | EchoStar Corp                                                                    | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    225500 | PA      | $237620.63    | 0.14%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC                            | AssuredPartners Inc                                                              | CUSIP: 04624VAC3<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |     50000 | PA      | $53386.27     | 0.03%             | 2032-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                        | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              |  | US        |    125000 | PA      | $146281.28    | 0.09%             | 2032-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VERISURE HOLDING AB                            | Verisure Holding AB                                                              | CUSIP: 000000000<br>LEI: 549300VQQCWGISM3N408 | Long             | DBT              | CORP              | SE        |    100000 | PA      | $118405.64    | 0.07%             | 2028-02-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                           | Michaels Cos Inc/The                                                             | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    165000 | PA      | $110482.35    | 0.07%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $281397.17    | 0.17%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| SABRE GLBL INC                                 | Sabre GLBL Inc                                                                   | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |     89000 | PA      | $91714.50     | 0.06%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: —       |
| SIRIUS XM RADIO LLC                            | Sirius XM Radio LLC                                                              | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    165000 | PA      | $145534.55    | 0.09%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| ALMAVIVA THE ITALIAN INN                       | Almaviva-The Italian Innovation Co SpA                                           | CUSIP: 000000000<br>LEI: 815600A862DA4DD9E211 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $115602.22    | 0.07%             | 2030-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MGM CHINA HOLDINGS LTD                         | MGM China Holdings Ltd                                                           | CUSIP: 55300RAJ0<br>LEI: 529900VZFN87OS7WJM66 | Long             | DBT              | CORP              | KY        |     50000 | PA      | $51979.32     | 0.03%             | 2031-06-26      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| AUTOCANADA INC                                 | AutoCanada Inc                                                                   | CUSIP: 05277BAH3<br>LEI: 549300BPCHUK5M1WZS45 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $52066.95     | 0.03%             | 2029-02-07      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| THAMES WATER SUPER SEN                         | Thames Water Super Senior Issuer PLC                                             | CUSIP: 000000000<br>LEI: 635400LBEYCV7F4FC741 | Long             | DBT              | CORP              | GB        |      4508 | PA      | $6545.77      | 0.00%             | 2027-10-10      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                               | GGAM Finance Ltd                                                                 | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     45000 | PA      | $46364.42     | 0.03%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                        | Asbury Automotive Group Inc                                                      | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |     70000 | PA      | $66244.50     | 0.04%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RAY FINANCING LLC                              | RAY Financing LLC                                                                | CUSIP: 000000000<br>LEI: 254900IA5MVMGDF40Z19 | Long             | DBT              | CORP              | US        |    100000 | PA      | $117000.39    | 0.07%             | 2031-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                             | Osaic Holdings Inc                                                               | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10162.50     | 0.01%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm Inc                                                                    | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122289.38    | 0.07%             | 2029-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                | Gen Digital Inc                                                                  | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91563.30     | 0.06%             | 2027-09-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PREMIER ENTERTAINMENT SU                       | Premier Entertainment Sub LLC / Premier Entertainment Finance Corp               | CUSIP: 74052HAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $54517.37     | 0.03%             | 2029-09-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                   | Calpine Corp                                                                     | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149184.00    | 0.09%             | 2028-03-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| SUNOCO LP                                      | Sunoco LP                                                                        | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     85000 | PA      | $88105.56     | 0.05%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                            | NOVA Chemicals Corp                                                              | CUSIP: 66977WAT6<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $52511.50     | 0.03%             | 2028-11-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| LABL INC                                       | LABL Inc                                                                         | CUSIP: 50168QAF2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    100000 | PA      | $83015.09     | 0.05%             | 2031-10-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: —       |
| IRON MOUNTAIN INC                              | Iron Mountain Inc                                                                | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    145000 | PA      | $142495.85    | 0.09%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                        | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $39124.32     | 0.02%             | 2031-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                       | Permian Resources Operating LLC                                                  | CUSIP: 27034RAA1<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51024.00     | 0.03%             | 2027-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO                       | Jaguar Land Rover Automotive PLC                                                 | CUSIP: 47010BAK0<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |    105000 | PA      | $105428.93    | 0.06%             | 2028-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                         | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $97098.97     | 0.06%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                   | US Foods Inc                                                                     | CUSIP: 90290MAG6<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71950.90     | 0.04%             | 2028-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                          | McGraw-Hill Education Inc                                                        | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99710.69     | 0.06%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RENAULT SA                                     | Renault SA                                                                       | CUSIP: 000000000<br>LEI: 969500F7JLTX36OUI695 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $113180.77    | 0.07%             | 2027-06-02      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| OFFICE PROP INCOME TRUST                       | OFFICE PROP INCOME TRUST                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       149 | NS      | $35.76        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| STONEX ESCROW ISSUER LLC                       | Stonex Escrow Issuer LLC                                                         | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $45801.00     | 0.03%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 85172FAQ2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102423.93    | 0.06%             | 2028-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ATI INC                                        | ATI Inc                                                                          | CUSIP: 01741RAN2<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36614.19     | 0.02%             | 2030-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| KENNEDY-WILSON INC                             | Kennedy-Wilson Inc                                                               | CUSIP: 489399AN5<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |     75000 | PA      | $69072.75     | 0.04%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| OPEN TEXT CORP                                 | Open Text Corp                                                                   | CUSIP: 683715AD8<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |     80000 | PA      | $74916.90     | 0.05%             | 2029-12-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                           | Cornerstone Building Brands Inc                                                  | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |     45000 | PA      | $41232.15     | 0.03%             | 2029-08-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: —       |
| BCP MODULAR SERVICES                           | BCP V Modular Services Finance II PLC                                            | CUSIP: 000000000<br>LEI: 213800227GGD6UI7PI97 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $166730.44    | 0.10%             | 2028-11-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                         | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    115000 | PA      | $117300.00    | 0.07%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| SERVICE PROPERTIES TRUST                       | Service Properties Trust                                                         | CUSIP: 81761LAD4<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |     70000 | PA      | $72450.00     | 0.04%             | 2029-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                       | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $53919.29     | 0.03%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                               | Vmed O2 UK Financing I PLC                                                       | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $123427.06    | 0.07%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CERBA HEALTHCARE SASU                          | Cerba Healthcare SACA                                                            | CUSIP: 000000000<br>LEI: 9845000C1FYE89DC8677 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $81594.81     | 0.05%             | 2028-05-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VERITAS SERIES G 1 PREFERRED                   | VERITAS SERIES G 1 PREFERRED                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       181 | NS      | $4072.50      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| DUFRY ONE BV                                   | Dufry One BV                                                                     | CUSIP: 000000000<br>LEI: 7245003K5MN9U7XW0808 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $112277.71    | 0.07%             | 2027-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| EDP SA                                         | EDP SA                                                                           | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | DBT              | CORP              | PT        |    100000 | PA      | $117705.71    | 0.07%             | 2054-05-29      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                        | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327BAB6<br>LEI: N/A                  | Long             | DBT              |  | US        |     65000 | PA      | $63138.29     | 0.04%             | 2028-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                  | FirstCash Inc                                                                    | CUSIP: 31944TAA8<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44574.75     | 0.03%             | 2030-01-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                               | CSC Holdings LLC                                                                 | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    250000 | PA      | $234252.08    | 0.14%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| REXEL SA                                       | Rexel SA                                                                         | CUSIP: 000000000<br>LEI: 969500N6AVPA51648T62 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $110275.42    | 0.07%             | 2028-12-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD/RWLV CAP                         | Resorts World Las Vegas LLC / RWLV Capital Inc                                   | CUSIP: 76120HAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $49812.50     | 0.03%             | 2030-07-27      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                | Gen Digital Inc                                                                  | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    105000 | PA      | $107008.64    | 0.06%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| TAYLOR MORRISON COMM                           | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAA0<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60367.20     | 0.04%             | 2027-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                           | Michaels Cos Inc/The                                                             | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |     90000 | PA      | $71961.18     | 0.04%             | 2028-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| CRESCENT ENERGY FINANCE                        | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44544.03     | 0.03%             | 2034-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                       | Walgreens Boots Alliance Inc                                                     | CUSIP: 931427AJ7<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |    100000 | PA      | $113811.14    | 0.07%             | 2026-11-20      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                              | Rakuten Group Inc                                                                | CUSIP: 75102WAG3<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $216962.00    | 0.13%             | 2027-02-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| TEREOS FINANCE GROUPE I                        | Tereos Finance Groupe I SA                                                       | CUSIP: 000000000<br>LEI: 969500183Z46A3QF8W69 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $114618.13    | 0.07%             | 2027-04-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                 | CVR Energy Inc                                                                   | CUSIP: 12662PAD0<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43304.85     | 0.03%             | 2028-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                       | iHeartCommunications Inc                                                         | CUSIP: 45174HBL0<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |     71000 | PA      | $35193.50     | 0.02%             | 2030-05-01      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| VF CORP                                        | VF Corp                                                                          | CUSIP: 918204AX6<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103489.58    | 0.06%             | 2028-02-25      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| HLF FIN SARL LLC/HERBALI                       | HLF Financing Sarl LLC / Herbalife International Inc                             | CUSIP: 40390DAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $81843.75     | 0.05%             | 2029-04-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: —       |
| ALLWYN ENTERTAINMENT FIN                       | Allwyn Entertainment Financing UK PLC                                            | CUSIP: 000000000<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $120938.96    | 0.07%             | 2030-04-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                       | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $74718.75     | 0.05%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                              | Post Holdings Inc                                                                | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125168.75    | 0.08%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                  | DISH DBS Corp                                                                    | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $245437.50    | 0.15%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                         | Group 1 Automotive Inc                                                           | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51046.43     | 0.03%             | 2030-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                     | Viasat Inc                                                                       | CUSIP: 92552VAR1<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |     95000 | PA      | $82540.08     | 0.05%             | 2031-05-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UNICAJA BANCO SA                               | Unicaja Banco SA                                                                 | CUSIP: 000000000<br>LEI: 5493007SJLLCTM6J6M37 | Long             | DBT              | CORP              | ES        |    100000 | PA      | $120865.26    | 0.07%             | 2034-06-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wynn Macau Ltd                                 | Wynn Macau Ltd                                                                   | CUSIP: 98313RAD8<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |     75000 | PA      | $74732.02     | 0.05%             | 2027-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                       | iHeartCommunications Inc                                                         | CUSIP: 45174HBM8<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |     77300 | PA      | $60558.30     | 0.04%             | 2030-08-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                          | Tenet Healthcare Corp                                                            | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    155000 | PA      | $159548.12    | 0.10%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| EW SCRIPPS CO                                  | EW Scripps Co/The                                                                | CUSIP: 811054AH8<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34839.00     | 0.02%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                       | ROCKIES EXPRESS PIPELINE                                                         | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51909.37     | 0.03%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| FXI HOLDINGS INC                               | FXI Holdings Inc                                                                 | CUSIP: 36120RAE9<br>LEI: 549300VLKCUZW3MSVS50 | Long             | DBT              | CORP              | US        |     49000 | PA      | $43709.04     | 0.03%             | 2026-11-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: —       |
| MEDLINE BORROWER LP                            | Medline Borrower LP                                                              | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    505000 | PA      | $481012.50    | 0.29%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NOMAD FOODS BONDCO PLC                         | Nomad Foods Bondco PLC                                                           | CUSIP: 000000000<br>LEI: 213800BPK5X4TY4RZ619 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $112061.27    | 0.07%             | 2028-06-24      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                           | Alpha Generation LLC                                                             | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    120000 | PA      | $122632.50    | 0.07%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTL INC                            | Somnigroup International Inc                                                     | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |    125000 | PA      | $112813.25    | 0.07%             | 2031-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                         | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BJ9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     45000 | PA      | $42650.77     | 0.03%             | 2031-04-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| LOTTOMATICA GROUP SPA                          | Lottomatica Group Spa                                                            | CUSIP: 000000000<br>LEI: 549300R72LKEGT4EX026 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $118653.84    | 0.07%             | 2030-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                          | Belron UK Finance PLC                                                            | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    125000 | PA      | $126125.00    | 0.08%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                               | Vmed O2 UK Financing I PLC                                                       | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $164688.08    | 0.10%             | 2031-01-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                | Nissan Motor Co Ltd                                                              | CUSIP: 654744AD3<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    275000 | PA      | $252719.80    | 0.15%             | 2030-09-17      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                            | Churchill Downs Inc                                                              | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119754.25    | 0.07%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BPER BANCA                                     | BPER Banca SPA                                                                   | CUSIP: 000000000<br>LEI: N747OI7JINV7RUUH6190 | Long             | DBT              | CORP              | IT        |    200000 | PA      | $229783.82    | 0.14%             | 2032-07-25      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                          | Six Flags Entertainment Corp                                                     | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |     80000 | PA      | $81331.20     | 0.05%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| AMERICAN AXLE & MFG INC                        | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBA7<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49925.00     | 0.03%             | 2028-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| BANCA MONTE DEI PASCHI S                       | Banca Monte dei Paschi di Siena SpA                                              | CUSIP: 000000000<br>LEI: J4CP7MHCXR8DAQMKIL78 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $119365.25    | 0.07%             | 2029-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                           | Garda World Security Corp                                                        | CUSIP: 36485MAM1<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |     55000 | PA      | $56630.36     | 0.03%             | 2028-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| EDP SA                                         | EDP SA                                                                           | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | DBT              | CORP              | PT        |    100000 | PA      | $105477.11    | 0.06%             | 2082-03-14      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL                               | Midcap Financial Issuer Trust                                                    | CUSIP: 59590AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $46947.76     | 0.03%             | 2030-01-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                        | United Rentals North America Inc                                                 | CUSIP: 911365BL7<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89745.23     | 0.05%             | 2030-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| ANYWHERE RE GRP/REALOGY                        | Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp                          | CUSIP: 75606DAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     26000 | PA      | $23071.75     | 0.01%             | 2029-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                     | Viasat Inc                                                                       | CUSIP: 92552VAN0<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |     40000 | PA      | $37890.00     | 0.02%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AIR FRANCE-KLM                                 | Air France-KLM                                                                   | CUSIP: 000000000<br>LEI: 969500AQW31GYO8JZD66 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $117973.34    | 0.07%             | 2026-05-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                          | NGL Energy Operating LLC / NGL Energy Finance Corp                               | CUSIP: 62922LAD0<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |    140000 | PA      | $136818.46    | 0.08%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| ARDAGH PKG FIN/HLDGS USA                       | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    100000 | PA      | $64979.52     | 0.04%             | 2027-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                       | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $52750.00     | 0.03%             | 2029-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                       | Builders FirstSource Inc                                                         | CUSIP: 12008RAR8<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66479.63     | 0.04%             | 2032-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                       | Virgin Media Secured Finance PLC                                                 | CUSIP: 000000000<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $181965.99    | 0.11%             | 2030-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                            | Avantor Funding Inc                                                              | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |     95000 | PA      | $89580.58     | 0.05%             | 2029-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PETSMART INC/PETSMART FI                       | PetSmart Inc / PetSmart Finance Corp                                             | CUSIP: 71677KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $146859.38    | 0.09%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| XPO INC                                        | XPO Inc                                                                          | CUSIP: 983793AK6<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |     75000 | PA      | $78024.00     | 0.05%             | 2032-02-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| PUNCH FINANCE PLC                              | Punch Finance PLC                                                                | CUSIP: 000000000<br>LEI: 2138006IJRIU1Q5DN388 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $134550.87    | 0.08%             | 2030-12-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                       | Olympus Water US Holding Corp                                                    | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76573.50     | 0.05%             | 2031-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                               | CSC Holdings LLC                                                                 | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    250000 | PA      | $122978.73    | 0.07%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                        | Sensata Technologies BV                                                          | CUSIP: 81725WAL7<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |     75000 | PA      | $75093.92     | 0.05%             | 2030-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TAP SA                                         | Transportes Aereos Portugueses SA                                                | CUSIP: 000000000<br>LEI: 213800XBTDYWRYHKH878 | Long             | DBT              | CORP              | PT        |    100000 | PA      | $117763.89    | 0.07%             | 2029-11-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                       | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAA4<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    155000 | PA      | $154775.25    | 0.09%             | 2027-08-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| EDP SA                                         | EDP SA                                                                           | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | DBT              | CORP              | PT        |    100000 | PA      | $121384.23    | 0.07%             | 2083-04-23      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc                                      | IQVIA Inc                                                                        | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119310.00    | 0.07%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                         | CUSIP: 15089QAN4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77845.08     | 0.05%             | 2029-07-15      | Fixed         | 6.83%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                      | PG&E Corp                                                                        | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144750.00    | 0.09%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| UNITED GROUP BV                                | United Group BV                                                                  | CUSIP: 000000000<br>LEI: 213800PC85O8BJ7DU398 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $113570.74    | 0.07%             | 2030-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                            | Buckeye Partners LP                                                              | CUSIP: 118230AQ4<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73773.00     | 0.04%             | 2026-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                | Fair Isaac Corp                                                                  | CUSIP: 303250AF1<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96586.16     | 0.06%             | 2028-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                               | AMC Networks Inc                                                                 | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102629.77    | 0.06%             | 2029-01-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                         | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $96958.35     | 0.06%             | 2029-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp                                                                  | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257793.73    | 0.16%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| PRESTIGE BRANDS INC                            | Prestige Brands Inc                                                              | CUSIP: 74112BAL9<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49544.88     | 0.03%             | 2028-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| OEG FINANCE PLC                                | OEG Finance PLC                                                                  | CUSIP: 000000000<br>LEI: 254900KMBHWF9UK63G44 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $118995.27    | 0.07%             | 2029-09-27      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ROSSINI SARL                                   | Rossini Sarl                                                                     | CUSIP: 000000000<br>LEI: 549300EC5JCCW6F83R11 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $120316.02    | 0.07%             | 2029-12-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS                       | Focus Financial Partners LLC                                                     | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |    120000 | PA      | $122630.40    | 0.07%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                         | Cloud Software Group Inc                                                         | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    195000 | PA      | $207461.85    | 0.13%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| DIRECTV FIN LLC/COINC                          | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $226380.13    | 0.14%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                              | Iron Mountain Inc                                                                | CUSIP: 46284VAL5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |     60000 | PA      | $59211.22     | 0.04%             | 2032-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                    | McAfee Corp                                                                      | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |    210000 | PA      | $194469.45    | 0.12%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| SCOTTS MIRACLE-GRO CO                          | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AX4<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |     70000 | PA      | $63878.68     | 0.04%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                          | Caesars Entertainment Inc                                                        | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    140000 | PA      | $132300.00    | 0.08%             | 2029-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| RENAULT SA                                     | Renault SA                                                                       | CUSIP: 000000000<br>LEI: 969500F7JLTX36OUI695 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $113151.71    | 0.07%             | 2028-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                           | Kaiser Aluminum Corp                                                             | CUSIP: 483007AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $55827.25     | 0.03%             | 2031-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                               | ITT Holdings LLC                                                                 | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |    140000 | PA      | $133357.43    | 0.08%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                    | Chemours Co/The                                                                  | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18605.20     | 0.01%             | 2033-01-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| JAGUAR LAND ROVER AUTOMO                       | Jaguar Land Rover Automotive PLC                                                 | CUSIP: 47010BAF1<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |     50000 | PA      | $49194.98     | 0.03%             | 2027-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                          | QXO Building Products Inc                                                        | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    255000 | PA      | $262313.45    | 0.16%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                               | Paramount Global                                                                 | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    105000 | PA      | $103084.80    | 0.06%             | 2062-03-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| DIRECTV FIN LLC/COINC                          | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $397952.00    | 0.24%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                              | Rakuten Group Inc                                                                | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    250000 | PA      | $275099.70    | 0.17%             | 2029-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                   | AES Corp/The                                                                     | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116581.25    | 0.07%             | 2055-01-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: —       |
| TRANSOCEAN INC                                 | Transocean Inc                                                                   | CUSIP: 893830BY4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |    100000 | PA      | $94445.94     | 0.06%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                     | DaVita Inc                                                                       | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    175000 | PA      | $158827.81    | 0.10%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                         | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $60597.66     | 0.04%             | 2031-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                            | Station Casinos LLC                                                              | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50937.50     | 0.03%             | 2032-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                            | NOVA Chemicals Corp                                                              | CUSIP: 66977WAS8<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |     57000 | PA      | $54435.00     | 0.03%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY FINANCE LTD                        | Studio City Finance Ltd                                                          | CUSIP: 86389QAF9<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |     60000 | PA      | $59400.00     | 0.04%             | 2028-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ZF FINANCE GMBH                                | ZF Finance GmbH                                                                  | CUSIP: 000000000<br>LEI: 5493001N9T6QDCCXB426 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $106952.05    | 0.06%             | 2028-09-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                         | Delek Logistics Partners LP / Delek Logistics Finance Corp                       | CUSIP: 24665FAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $19762.20     | 0.01%             | 2033-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC                            | Silgan Holdings Inc                                                              | CUSIP: 000000000<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |    100000 | PA      | $111034.38    | 0.07%             | 2028-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC                            | DENTSPLY SIRONA Inc                                                              | CUSIP: 24906PAB5<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50372.00     | 0.03%             | 2055-09-12      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| TRANSDIGM INC                                  | TransDigm Inc                                                                    | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    255000 | PA      | $261980.63    | 0.16%             | 2032-03-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                              | Newell Brands Inc                                                                | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    145000 | PA      | $152025.19    | 0.09%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| INCORA TOP HOLDCO LLC 6 31JA                   | INCORA TOP HOLDCO LLC 6 31JA                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     26656 | PA      | $25739.37     | 0.02%             | 2033-01-31      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| NCL CORPORATION LTD                            | NCL Corp Ltd                                                                     | CUSIP: 62886HBE0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    120000 | PA      | $120210.00    | 0.07%             | 2027-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL                       | Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $119158.68    | 0.07%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                       | Olympus Water US Holding Corp                                                    | CUSIP: 000000000<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    100000 | PA      | $119786.66    | 0.07%             | 2028-11-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                    | Avient Corp                                                                      | CUSIP: 05368VAA4<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77032.10     | 0.05%             | 2030-08-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                       | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    125000 | PA      | $117940.35    | 0.07%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                        | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    130000 | PA      | $127166.00    | 0.08%             | 2032-04-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: —       |
| AVIS BUDGET FINANCE PLC                        | Avis Budget Finance Plc                                                          | CUSIP: 000000000<br>LEI: 549300W3BJJPGKCIOI13 | Long             | DBT              | CORP              | JE        |    100000 | PA      | $116695.83    | 0.07%             | 2029-02-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                              | Iliad Holding SASU                                                               | CUSIP: 449691AF1<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    115000 | PA      | $123379.51    | 0.07%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| METHANEX CORP                                  | Methanex Corp                                                                    | CUSIP: 59151KAM0<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |     85000 | PA      | $84503.81     | 0.05%             | 2027-10-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                          | Williams Scotsman Inc                                                            | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41229.30     | 0.03%             | 2030-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                         | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $99883.53     | 0.06%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                       | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC    | CUSIP: 44287DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |     65000 | PA      | $67629.90     | 0.04%             | 2032-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                       | Sinclair Television Group Inc                                                    | CUSIP: 829259AY6<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |     40000 | PA      | $33200.00     | 0.02%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                       | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73406.25     | 0.04%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                           | Pilgrim's Pride Corp                                                             | CUSIP: 72147KAH1<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    110000 | PA      | $98712.17     | 0.06%             | 2032-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEXANS SA                                      | Nexans SA                                                                        | CUSIP: 000000000<br>LEI: 96950015FU78G84UIV14 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $117421.71    | 0.07%             | 2029-05-29      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                         | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BN0<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     95000 | PA      | $92150.00     | 0.06%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| ARDAGH PKG FIN/HLDGS USA                       | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 03969AAR1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    100000 | PA      | $49662.37     | 0.03%             | 2027-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                             | Bausch + Lomb Corp                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |    140000 | PA      | $146156.29    | 0.09%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                       | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAF8<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |     83000 | PA      | $86241.89     | 0.05%             | 2031-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FXI HOLDINGS INC                               | FXI Holdings Inc                                                                 | CUSIP: 35166FAA0<br>LEI: 549300VLKCUZW3MSVS50 | Long             | DBT              | CORP              | US        |     84000 | PA      | $75180.00     | 0.05%             | 2026-11-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                  | CoreWeave Inc                                                                    | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    205000 | PA      | $206025.00    | 0.12%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                        | VZ Secured Financing BV                                                          | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    175000 | PA      | $154182.88    | 0.09%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                               | Altice France SA                                                                 | CUSIP: 02156LAC5<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    150000 | PA      | $133312.50    | 0.08%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INTRUM INV AND FIN                             | Intrum Investments And Financing AB                                              | CUSIP: 000000000<br>LEI: 984500D7B1EFD7460452 | Long             | DBT              | CORP              | SE        |     45500 | PA      | $46682.69     | 0.03%             | 2028-09-11      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                           | Chart Industries Inc                                                             | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |     50000 | PA      | $53437.50     | 0.03%             | 2031-01-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: —       |
| HILTON DOMESTIC OPERATIN                       | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    125000 | PA      | $116517.48    | 0.07%             | 2031-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EG GLOBAL FINANCE PLC                          | eG Global Finance PLC                                                            | CUSIP: 28228PAC5<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |    125000 | PA      | $138281.25    | 0.08%             | 2028-11-30      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| STUDIO CITY FINANCE LTD                        | Studio City Finance Ltd                                                          | CUSIP: 86389QAG7<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |    120000 | PA      | $112500.00    | 0.07%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                        | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              |  | US        |    258000 | PA      | $272835.00    | 0.17%             | 2028-02-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                         | Group 1 Automotive Inc                                                           | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72304.50     | 0.04%             | 2028-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| THAMES WATER UTIL LTD                          | Thames Water Utilities Ltd                                                       | CUSIP: 000000000<br>LEI: 213800JKM5UQHFJOTZ25 | Long             | DBT              | CORP              | GB        |      1763 | PA      | $1935.40      | 0.00%             | 2027-03-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                          | Bausch Health Cos Inc                                                            | CUSIP: 071734AK3<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $89240.29     | 0.05%             | 2029-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                     | goeasy Ltd                                                                       | CUSIP: 380355AJ6<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |     65000 | PA      | $67015.59     | 0.04%             | 2029-07-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: —       |
| INEOS FINANCE PLC                              | INEOS Finance PLC                                                                | CUSIP: 000000000<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $114239.70    | 0.07%             | 2029-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Q-PARK HOLDING BV                              | Q-Park Holding I BV                                                              | CUSIP: 000000000<br>LEI: 2549003839B7HE3NDP48 | Long             | DBT              | CORP              | NL        |    150000 | PA      | $168389.76    | 0.10%             | 2027-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                            | Travel + Leisure Co                                                              | CUSIP: 894164AA0<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62251.41     | 0.04%             | 2029-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| LBM ACQUISITION LLC                            | LBM Acquisition LLC                                                              | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |     80000 | PA      | $70200.00     | 0.04%             | 2029-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                         | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $71975.55     | 0.04%             | 2028-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATI                       | Consolidated Communications Inc                                                  | CUSIP: 20903XAH6<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35337.75     | 0.02%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                 | Transocean Inc                                                                   | CUSIP: 893830BL2<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |     50000 | PA      | $49625.00     | 0.03%             | 2027-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| PILGRIM'S PRIDE CORP                           | Pilgrim's Pride Corp                                                             | CUSIP: 72147KAJ7<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    115000 | PA      | $109910.10    | 0.07%             | 2031-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                      | IQVIA Inc                                                                        | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    220000 | PA      | $225676.00    | 0.14%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                     | Grifols SA                                                                       | CUSIP: 000000000<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    125000 | PA      | $139524.88    | 0.08%             | 2028-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CAB                                            | CAB SELAS                                                                        | CUSIP: 000000000<br>LEI: 9695008EGX5O9K1MS743 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $108936.46    | 0.07%             | 2028-02-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                         | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    115000 | PA      | $126178.00    | 0.08%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| FORVIA SE                                      | Forvia SE                                                                        | CUSIP: 000000000<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $112455.55    | 0.07%             | 2027-06-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITE                       | Perrigo Finance Unlimited Co                                                     | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |     75000 | PA      | $75653.94     | 0.05%             | 2032-09-30      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                       | MPH Acquisition Holdings LLC                                                     | CUSIP: 553283AF9<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |     70732 | PA      | $70069.93     | 0.04%             | 2030-12-31      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| CALPINE CORP                                   | Calpine Corp                                                                     | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128561.51    | 0.08%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Churchill Downs Inc                            | Churchill Downs Inc                                                              | CUSIP: 171484AE8<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73968.75     | 0.04%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                    | Gap Inc/The                                                                      | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |     94000 | PA      | $83521.75     | 0.05%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| OCADO GROUP PLC                                | Ocado Group PLC                                                                  | CUSIP: 000000000<br>LEI: 213800LO8F61YB8MBC74 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $134747.05    | 0.08%             | 2030-06-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA VEND FIN IV                       | Virgin Media Vendor Financing Notes IV DAC                                       | CUSIP: 92770QAA5<br>LEI: 635400ZZNJSEA4CAJR23 | Long             | DBT              | CORP              | IE        |     75000 | PA      | $72703.21     | 0.04%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                         | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAL6<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48869.13     | 0.03%             | 2026-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| COMPASS MINERALS INTERNA                       | Compass Minerals International Inc                                               | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31087.50     | 0.02%             | 2030-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                       | Service Properties Trust                                                         | CUSIP: 44106MAY8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |     35000 | PA      | $29652.00     | 0.02%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| BANCA MONTE DEI PASCHI S                       | Banca Monte dei Paschi di Siena SpA                                              | CUSIP: 000000000<br>LEI: J4CP7MHCXR8DAQMKIL78 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $114999.85    | 0.07%             | 2031-05-28      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                       | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $80090.40     | 0.05%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| RADIATE HOLDCO / FINANCE                       | Radiate Holdco LLC / Radiate Finance Inc                                         | CUSIP: 75026JAH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     74700 | PA      | $52290.00     | 0.03%             | 2030-03-25      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| XEROX HOLDINGS CORP                            | Xerox Holdings Corp                                                              | CUSIP: 98421MAC0<br>LEI: 5493000Y33XDVO2CXC18 | Long             | DBT              | CORP              | US        |     40000 | PA      | $26210.00     | 0.02%             | 2029-11-30      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| ALLIANT HOLD / CO-ISSUER                       | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $92562.89     | 0.06%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                             | Advance Auto Parts Inc                                                           | CUSIP: 00751YAE6<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45250.00     | 0.03%             | 2030-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                          | Mineral Resources Ltd                                                            | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |     70000 | PA      | $71040.90     | 0.04%             | 2027-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| OLYMPUS WTR US HLDG CORP                       | Olympus Water US Holding Corp                                                    | CUSIP: 25259KAA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    225000 | PA      | $236031.77    | 0.14%             | 2028-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INFO MGMT                        | Iron Mountain Information Management Services Inc                                | CUSIP: 46285MAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |     80000 | PA      | $76592.00     | 0.05%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                        | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAJ3<br>LEI: N/A                  | Long             | DBT              |  | US        |    100000 | PA      | $76000.00     | 0.05%             | 2029-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                        | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $183372.61    | 0.11%             | 2030-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                    | Staples Inc                                                                      | CUSIP: 855030AS1<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |     96650 | PA      | $67672.72     | 0.04%             | 2030-01-15      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                            | Sirius XM Radio LLC                                                              | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    180000 | PA      | $164007.00    | 0.10%             | 2030-07-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| APA INFRASTRUCTURE LTD                         | APA Infrastructure Ltd                                                           | CUSIP: 000000000<br>LEI: 261700SS8OEHDOCOUJ33 | Long             | DBT              | CORP              | AU        |    100000 | PA      | $125670.75    | 0.08%             | 2083-11-09      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                       | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $141450.40    | 0.09%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                              | INEOS Finance PLC                                                                | CUSIP: 44984WAH0<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |     75000 | PA      | $73906.49     | 0.04%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                   | Navient Corp                                                                     | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     65000 | PA      | $67762.50     | 0.04%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| RHP HOTEL PPTY/RHP FINAN                       | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AJ4<br>LEI: N/A                  | Long             | DBT              |  | US        |     40000 | PA      | $41241.40     | 0.03%             | 2028-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                           | Garda World Security Corp                                                        | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $49026.35     | 0.03%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CIRSA FINANCE INTER                            | Cirsa Finance International Sarl                                                 | CUSIP: 000000000<br>LEI: 254900KUJN6DHWH2K029 | Long             | DBT              | CORP              | LU        |     90000 | PA      | $107631.77    | 0.07%             | 2027-11-30      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                       | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAR8<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68591.11     | 0.04%             | 2029-07-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| TWILIO INC                                     | Twilio Inc                                                                       | CUSIP: 90138FAD4<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46502.33     | 0.03%             | 2031-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| CINEPLEX INC                                   | Cineplex Inc                                                                     | CUSIP: 172454AH3<br>LEI: 549300WDU0AS30W35T75 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $113116.61    | 0.07%             | 2029-03-31      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| BlackRock Funds III                            | BlackRock Cash Funds: Institutional, SL Agency Shares                            | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  22939212 | NS      | $22948387.72  | 13.92%            |  |  |  | No            |                  1 | On Loan: No      |
| ACRISURE LLC / FIN INC                         | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $103447.57    | 0.06%             | 2029-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                        | Starwood Property Trust Inc                                                      | CUSIP: 85571BAY1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |     45000 | PA      | $44235.45     | 0.03%             | 2027-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| CLYDESDALE ACQUISITION                         | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61400.96     | 0.04%             | 2030-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                               | Lamar Media Corp                                                                 | CUSIP: 513075BT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $56925.00     | 0.03%             | 2030-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                        | United Rentals North America Inc                                                 | CUSIP: 911365BM5<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73031.25     | 0.04%             | 2027-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                     | DaVita Inc                                                                       | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    115000 | PA      | $118460.70    | 0.07%             | 2033-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                 | Gray Media Inc                                                                   | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29844.00     | 0.02%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    335000 | PA      | $318330.40    | 0.19%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                             | Crown Americas LLC                                                               | CUSIP: 228180AB1<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70771.95     | 0.04%             | 2030-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73683.19     | 0.04%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                           | IHO Verwaltungs GmbH                                                             | CUSIP: 44963BAG3<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |     25000 | PA      | $25687.50     | 0.02%             | 2032-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                       | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    130000 | PA      | $136745.01    | 0.08%             | 2031-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| SENSATA TECH INC                               | Sensata Technologies Inc                                                         | CUSIP: 81728UAA2<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47785.49     | 0.03%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                              | Iron Mountain Inc                                                                | CUSIP: 46284VAG6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |     50000 | PA      | $49435.21     | 0.03%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                        | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $79500.00     | 0.05%             | 2031-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| INTRUM INV AND FIN                             | Intrum Investments And Financing AB                                              | CUSIP: 000000000<br>LEI: 984500D7B1EFD7460452 | Long             | DBT              | CORP              | SE        |     45500 | PA      | $46332.63     | 0.03%             | 2029-09-11      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                              | Iliad Holding SASU                                                               | CUSIP: 000000000<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $122395.10    | 0.07%             | 2031-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                   | Calpine Corp                                                                     | CUSIP: 131347CR5<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    110000 | PA      | $103357.16    | 0.06%             | 2031-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                | Nissan Motor Co Ltd                                                              | CUSIP: 654922AB9<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $206220.84    | 0.13%             | 2030-07-17      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                       | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    130000 | PA      | $113352.37    | 0.07%             | 2033-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                   | US Foods Inc                                                                     | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |     90000 | PA      | $87989.40     | 0.05%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| US ACUTE CARE SOLUTIONS                        | US Acute Care Solutions LLC                                                      | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $102109.64    | 0.06%             | 2029-05-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                       | Builders FirstSource Inc                                                         | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    150000 | PA      | $138375.00    | 0.08%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                            | Synchrony Financial                                                              | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |     85000 | PA      | $89283.89     | 0.05%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| STENA INTERNATIONAL SA                         | Stena International SA                                                           | CUSIP: 85858EAE3<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |     25000 | PA      | $25706.25     | 0.02%             | 2031-02-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| BRIGHTLINE EAST LLC                            | Brightline East LLC                                                              | CUSIP: 093536AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $81250.00     | 0.05%             | 2030-01-31      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                         | SCIH Salt Holdings Inc                                                           | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $74112.60     | 0.04%             | 2029-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                       | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $97152.25     | 0.06%             | 2029-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                                  | Nordstrom Inc                                                                    | CUSIP: 655664AY6<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |     55000 | PA      | $48351.36     | 0.03%             | 2031-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| CSC HOLDINGS LLC                               | CSC Holdings LLC                                                                 | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    275000 | PA      | $128562.50    | 0.08%             | 2030-12-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER/MEDL CO                       | Medline Borrower LP/Medline Co-Issuer Inc                                        | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $163182.50    | 0.10%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                           | CITGO Petroleum Corp                                                             | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |    110000 | PA      | $114409.48    | 0.07%             | 2029-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                          | Level 3 Financing Inc                                                            | CUSIP: 527298CD3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     75000 | PA      | $67500.00     | 0.04%             | 2030-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                          | Bread Financial Holdings Inc                                                     | CUSIP: 018581AQ1<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41400.00     | 0.03%             | 2035-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| ITELYUM REGENERATION SPA                       | Itelyum Regeneration Spa                                                         | CUSIP: 000000000<br>LEI: 815600051FBC23AA8A45 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $116723.13    | 0.07%             | 2030-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                          | Caesars Entertainment Inc                                                        | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    230000 | PA      | $236253.13    | 0.14%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                        | United Rentals North America Inc                                                 | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    195000 | PA      | $194201.81    | 0.12%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| BAYER AG                                       | Bayer AG                                                                         | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $115224.65    | 0.07%             | 2082-03-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                       | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $194625.00    | 0.12%             | 2031-04-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                       | Hess Midstream Operations LP                                                     | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $101617.90    | 0.06%             | 2028-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                                 | Constellium SE                                                                   | CUSIP: 21039CAB0<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |     50000 | PA      | $46909.50     | 0.03%             | 2029-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NuStar Logistics LP                            | NuStar Logistics LP                                                              | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70210.00     | 0.04%             | 2027-04-28      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                       | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AF2<br>LEI: N/A                  | Long             | DBT              |  | US        |     65000 | PA      | $64395.79     | 0.04%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                       | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $155630.85    | 0.09%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING                        | Alcoa Nederland Holding BV                                                       | CUSIP: 013822AG6<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |     50000 | PA      | $47612.41     | 0.03%             | 2029-03-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                   | Navient Corp                                                                     | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     70000 | PA      | $76574.09     | 0.05%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORG                               | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $168246.71    | 0.10%             | 2028-04-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                       | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AJ0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95269.51     | 0.06%             | 2029-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                          | Level 3 Financing Inc                                                            | CUSIP: 527298CH4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     65000 | PA      | $56517.50     | 0.03%             | 2031-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| SERVICE PROPERTIES TRUST                       | Service Properties Trust                                                         | CUSIP: 44106MBA9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |     60000 | PA      | $59003.81     | 0.04%             | 2026-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                       | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    170000 | PA      | $163609.70    | 0.10%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                               | CUSIP: 29273VBC3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51275.00     | 0.03%             | 2054-10-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| OLIN CORP                                      | Olin Corp                                                                        | CUSIP: 680665AL0<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59203.69     | 0.04%             | 2029-08-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| PRIME HEALTHCARE SERVICE                       | Prime Healthcare Services Inc                                                    | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $168937.50    | 0.10%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: —       |
| INFRASTRUTTURE WIRELESS                        | Infrastrutture Wireless Italiane SpA                                             | CUSIP: 000000000<br>LEI: 81560066183FE361C071 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $105432.10    | 0.06%             | 2031-04-19      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                   | SM Energy Co                                                                     | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79930.12     | 0.05%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                       | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $99284.10     | 0.06%             | 2029-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| AMBER FINCO PLC                                | Amber Finco PLC                                                                  | CUSIP: 000000000<br>LEI: 9845004C0870D380O790 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $120490.59    | 0.07%             | 2029-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HLDGS GR                       | Newfold Digital Holdings Group Inc                                               | CUSIP: 29279XAA8<br>LEI: 549300UTQC2651SB0W88 | Long             | DBT              | CORP              | US        |     65000 | PA      | $39175.50     | 0.02%             | 2029-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INTRUM INV AND FIN                             | Intrum Investments And Financing AB                                              | CUSIP: 000000000<br>LEI: 984500D7B1EFD7460452 | Long             | DBT              | CORP              | SE        |     54600 | PA      | $54926.81     | 0.03%             | 2030-09-11      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VALARIS LTD                                    | Valaris Ltd                                                                      | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    120000 | PA      | $124015.54    | 0.08%             | 2030-04-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOL                       | Aston Martin Capital Holdings Ltd                                                | CUSIP: 000000000<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |    100000 | PA      | $123397.35    | 0.07%             | 2029-03-31      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                            | Travel + Leisure Co                                                              | CUSIP: 98310WAN8<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50336.00     | 0.03%             | 2027-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                       | Permian Resources Operating LLC                                                  | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70059.57     | 0.04%             | 2029-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                        | Light & Wonder International Inc                                                 | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51335.52     | 0.03%             | 2029-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                            | Altice Financing SA                                                              | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    250000 | PA      | $191250.00    | 0.12%             | 2029-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                              | Iron Mountain Inc                                                                | CUSIP: 46284VAP6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    100000 | PA      | $102711.25    | 0.06%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T                       | Diversified Healthcare Trust                                                     | CUSIP: 25525PAB3<br>LEI: N/A                  | Long             | DBT              |  | US        |     40000 | PA      | $33411.70     | 0.02%             | 2031-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| VMED O2 UK FINAN                               | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $136640.07    | 0.08%             | 2031-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WRANGLER HOLDCO CORP                           | Wrangler Holdco Corp                                                             | CUSIP: 37441QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $67136.39     | 0.04%             | 2032-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                | Star Parent Inc                                                                  | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    100000 | PA      | $105250.00    | 0.06%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                          | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |     75000 | PA      | $78909.38     | 0.05%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| EVONIK INDUSTRIES AG                           | Evonik Industries AG                                                             | CUSIP: 000000000<br>LEI: 41GUOJQTALQHLF39XJ34 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $110871.43    | 0.07%             | 2081-09-02      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECH                      | SEAGATE DATA STORAGE TECH                                                        | CUSIP: 81180LAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     72000 | PA      | $81291.60     | 0.05%             | 2032-12-01      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                         | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              |  | US        |     95000 | PA      | $91464.72     | 0.06%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                  | DISH DBS Corp                                                                    | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $111375.00    | 0.07%             | 2029-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                          | Williams Scotsman Inc                                                            | CUSIP: 96949VAM5<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56390.36     | 0.03%             | 2029-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| UNITED GROUP BV                                | United Group BV                                                                  | CUSIP: 000000000<br>LEI: 213800PC85O8BJ7DU398 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $111996.38    | 0.07%             | 2028-02-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                                 | Hertz Corp/The                                                                   | CUSIP: 428040DA4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |     70000 | PA      | $63175.00     | 0.04%             | 2026-12-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| VISTRA OPERATIONS CO LLC                       | Vistra Operations Co LLC                                                         | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    135000 | PA      | $130730.63    | 0.08%             | 2029-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                      | Ball Corp                                                                        | CUSIP: 058498AZ9<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112083.11    | 0.07%             | 2029-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Olin Corp                                      | Olin Corp                                                                        | CUSIP: 680665AK2<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47872.50     | 0.03%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| IHO VERWALTUNGS GMBH                           | IHO Verwaltungs GmbH                                                             | CUSIP: 000000000<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $122146.58    | 0.07%             | 2031-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                        | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    115000 | PA      | $110128.40    | 0.07%             | 2033-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CROWN EURO HOLDINGS SA                         | Crown European Holdings SACA                                                     | CUSIP: 000000000<br>LEI: 85OKW2SW05RZFQS1W718 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $119317.89    | 0.07%             | 2029-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                       | Fortescue Treasury Pty Ltd                                                       | CUSIP: 30251GBE6<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    100000 | PA      | $101993.11    | 0.06%             | 2032-04-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| SERVICE PROPERTIES TRUST                       | Service Properties Trust                                                         | CUSIP: 81761LAB8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |     40000 | PA      | $39500.00     | 0.02%             | 2027-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NIDDA HEALTHCARE HOLDING                       | Nidda Healthcare Holding GmbH                                                    | CUSIP: 000000000<br>LEI: 549300Q89C4WAO6L0L19 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $117228.59    | 0.07%             | 2030-02-21      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                        | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              |  | US        |    165000 | PA      | $171250.20    | 0.10%             | 2032-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30037.50     | 0.02%             | 2030-05-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| EIRCOM FINANCE DAC                             | eircom Finance DAC                                                               | CUSIP: 000000000<br>LEI: 254900NA4DUH50UERM85 | Long             | DBT              | CORP              | IE        |    100000 | PA      | $115617.66    | 0.07%             | 2031-04-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                    | Chemours Co/The                                                                  | CUSIP: 163851AF5<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |     80000 | PA      | $73680.00     | 0.04%             | 2028-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KLEOPATRA FINCO SARL                           | Kleopatra Finco Sarl                                                             | CUSIP: 000000000<br>LEI: 222100M6T1N8VIC8M726 | Long             | DBT              | CORP              | LU        |    101000 | PA      | $86653.33     | 0.05%             | 2029-09-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                 | Brink's Co/The                                                                   | CUSIP: 109696AD6<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46327.28     | 0.03%             | 2032-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                          | Bausch Health Cos Inc                                                            | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    264000 | PA      | $271260.00    | 0.16%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| SOUTH BOW CAN INFRA HOLD                       | South Bow Canadian Infrastructure Holdings Ltd                                   | CUSIP: 836720AH5<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $77841.75     | 0.05%             | 2055-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                   | US Foods Inc                                                                     | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54558.28     | 0.03%             | 2033-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                         | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAC1<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    135000 | PA      | $133613.55    | 0.08%             | 2027-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| BAYER AG                                       | Bayer AG                                                                         | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $118518.56    | 0.07%             | 2054-09-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                          | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AW6<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |     40000 | PA      | $36330.00     | 0.02%             | 2032-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| ASHTON WOODS USA/FINANCE                       | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $29962.50     | 0.02%             | 2033-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                               | Lamar Media Corp                                                                 | CUSIP: 513075BR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $72424.00     | 0.04%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                       | Walgreens Boots Alliance Inc                                                     | CUSIP: 931427AW8<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |     75000 | PA      | $80531.25     | 0.05%             | 2029-08-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corp                                  | DISH DBS Corp                                                                    | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $200175.86    | 0.12%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SCIL IV LLC / SCIL USA H                       | SCIL IV LLC / SCIL USA Holdings LLC                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $119706.45    | 0.07%             | 2028-07-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| QVC INC                                        | QVC Inc                                                                          | CUSIP: 747262BA0<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |     80000 | PA      | $36000.00     | 0.02%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| NISSAN MOTOR CO                                | Nissan Motor Co Ltd                                                              | CUSIP: 654744AC5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    350000 | PA      | $340171.09    | 0.21%             | 2027-09-17      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                   | SM Energy Co                                                                     | CUSIP: 78454LAW0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55314.20     | 0.03%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| GOODYEAR EUROPE BV                             | Goodyear Europe BV                                                               | CUSIP: 000000000<br>LEI: 529900AJU331P2QORU39 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $112157.52    | 0.07%             | 2028-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| LOXAM SAS                                      | Loxam SAS                                                                        | CUSIP: 000000000<br>LEI: 969500BNA2YRNE1R5K91 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $117983.97    | 0.07%             | 2028-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER/ATLANTI                       | California Buyer Ltd / Atlantica Sustainable Infrastructure PLC                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    100000 | PA      | $119245.19    | 0.07%             | 2032-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                       | Sealed Air Corp/Sealed Air Corp US                                               | CUSIP: 812127AA6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70646.80     | 0.04%             | 2028-02-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                         | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BK6<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     40000 | PA      | $37575.17     | 0.02%             | 2033-04-30      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| TEVA PHARMACEUTICAL INDU                       | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAP6<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $99255.60     | 0.06%             | 2027-05-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                         | Cushman & Wakefield US Borrower LLC                                              | CUSIP: 23166MAA1<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75552.75     | 0.05%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                        | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $110060.75    | 0.07%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| SMYRNA READY MIX CONCRET                       | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129425.83    | 0.08%             | 2028-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                         | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $79465.14     | 0.05%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                            | Axon Enterprise Inc                                                              | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    120000 | PA      | $122825.99    | 0.07%             | 2030-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| FORVIA SE                                      | Forvia SE                                                                        | CUSIP: 000000000<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $113726.42    | 0.07%             | 2028-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SGUS LLC                                       | SGUS LLC                                                                         | CUSIP: 81880AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     71777 | PA      | $67074.86     | 0.04%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                          | Bausch Health Cos Inc                                                            | CUSIP: 071734AJ6<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $48000.00     | 0.03%             | 2030-01-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                       | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              |  | US        |    110000 | PA      | $112343.86    | 0.07%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT INC                                  | Open Text Holdings Inc                                                           | CUSIP: 683720AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     68000 | PA      | $61926.92     | 0.04%             | 2031-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| ASP UNIFRAX HOLDINGS INC                       | ASP Unifrax Holdings Inc                                                         | CUSIP: 00218LAH4<br>LEI: 549300RRU6BWJLD0YT71 | Long             | DBT              | CORP              | US        |     57177 | PA      | $29505.10     | 0.02%             | 2029-09-30      | Fixed         | 7.10%                 | No            |                  2 | On Loan: —       |
| CSC HOLDINGS LLC                               | CSC Holdings LLC                                                                 | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $133400.00    | 0.08%             | 2031-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                        | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51056.50     | 0.03%             | 2031-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                          | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAD1<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    135000 | PA      | $128627.45    | 0.08%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                          | Tenet Healthcare Corp                                                            | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    170000 | PA      | $169408.45    | 0.10%             | 2027-11-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                       | Univision Communications Inc                                                     | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    130000 | PA      | $120332.60    | 0.07%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                       | British Telecommunications PLC                                                   | CUSIP: 11102AAG6<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |     45000 | PA      | $42310.01     | 0.03%             | 2081-11-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $86370.20     | 0.05%             | 2028-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| SLEEP COUNTRY CANADA HOL                       | Sleep Country Canada Holdings Inc                                                | CUSIP: 83125JAA2<br>LEI: 549300XWL65DNWBSDJ21 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $72007.08     | 0.04%             | 2032-11-28      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                         | EquipmentShare.com Inc                                                           | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     45000 | PA      | $47055.00     | 0.03%             | 2033-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                         | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104308.47    | 0.06%             | 2033-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: —       |
| ENCOMPASS HEALTH CORP                          | Encompass Health Corp                                                            | CUSIP: 29261AAE0<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38200.00     | 0.02%             | 2031-04-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| VIRGIN MEDIA SECURED FIN                       | Virgin Media Secured Finance PLC                                                 | CUSIP: 000000000<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $119037.63    | 0.07%             | 2030-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                                  | Nordstrom Inc                                                                    | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |     55000 | PA      | $50145.01     | 0.03%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| MADISON IAQ LLC                                | Madison IAQ LLC                                                                  | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    130000 | PA      | $126533.63    | 0.08%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                          | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $67371.53     | 0.04%             | 2033-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP                          | Encompass Health Corp                                                            | CUSIP: 29261AAA8<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88323.75     | 0.05%             | 2028-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                       | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    100000 | PA      | $83906.00     | 0.05%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                          | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66828.82     | 0.04%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                              | American Builders & Contractors Supply Co Inc                                    | CUSIP: 024747AF4<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |     90000 | PA      | $87607.18     | 0.05%             | 2028-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                            | Sirius XM Radio LLC                                                              | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    225000 | PA      | $214244.73    | 0.13%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                               | Arches Buyer Inc                                                                 | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47115.63     | 0.03%             | 2028-12-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| OI EUROPEAN GROUP BV                           | OI European Group BV                                                             | CUSIP: 000000000<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $117839.21    | 0.07%             | 2028-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                 | NRG Energy Inc                                                                   | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     95000 | PA      | $94857.99     | 0.06%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                        | Central Garden & Pet Co                                                          | CUSIP: 153527AP1<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |     40000 | PA      | $37075.74     | 0.02%             | 2031-04-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| CIVITAS RESOURCES INC                          | Civitas Resources Inc                                                            | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101936.08    | 0.06%             | 2030-11-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| LCPR SR SECURED FIN DAC                        | LCPR Senior Secured Financing DAC                                                | CUSIP: 50201DAA1<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |    165000 | PA      | $126637.50    | 0.08%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc                              | Iron Mountain Inc                                                                | CUSIP: 46284VAE1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    100000 | PA      | $99603.13     | 0.06%             | 2028-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC                            | Silgan Holdings Inc                                                              | CUSIP: 827048AW9<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58388.44     | 0.04%             | 2028-02-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAF4<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127343.75    | 0.08%             | 2033-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                  | CommScope LLC                                                                    | CUSIP: 20338QAA1<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125223.01    | 0.08%             | 2027-03-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| HERTZ CORP/THE                                 | Hertz Corp/The                                                                   | CUSIP: 428040DB2<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    100000 | PA      | $70571.59     | 0.04%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Intrum AB                                      | Intrum AB                                                                        | CUSIP: 000000000<br>LEI: 549300UNCO2FCUWXX470 | Long             | EC               | CORP              | SE        |       822 | NS      | $4495.21      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC FIN SVCS INC                          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61164.00     | 0.04%             | 2032-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SAIPEM FINANCE INTL BV                         | Saipem Finance International BV                                                  | CUSIP: 000000000<br>LEI: 724500V4QZAOY63SY989 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $114361.88    | 0.07%             | 2028-03-31      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| NFE FINANCING LLC                              | NFE Financing LLC                                                                | CUSIP: 62909BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375049 | PA      | $130329.53    | 0.08%             | 2029-11-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: —       |
| CLEAR CHANNEL OUTDOOR HO                       | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAE6<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     75000 | PA      | $78581.25     | 0.05%             | 2028-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| FREEDOM MORTGAGE HOLD                          | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87135.63     | 0.05%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP                           | Ryan Specialty LLC                                                               | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23975.49     | 0.01%             | 2030-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                       | Univision Communications Inc                                                     | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    160000 | PA      | $164404.91    | 0.10%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                                      | TEGNA Inc                                                                        | CUSIP: 87901JAH8<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |    130000 | PA      | $124962.50    | 0.08%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Altice Finco SA                                | Altice Finco SA                                                                  | CUSIP: 000000000<br>LEI: 549300IGQP5SEZB5Z419 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $42268.29     | 0.03%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                               | GGAM Finance Ltd                                                                 | CUSIP: 36170JAA4<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     70000 | PA      | $74018.99     | 0.04%             | 2028-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                            | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |    100000 | PA      | $116664.96    | 0.07%             | 2029-01-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                        | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              |  | US        |    160000 | PA      | $146800.00    | 0.09%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| WAND NEWCO 3 INC                               | Wand NewCo 3 Inc                                                                 | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |    140000 | PA      | $146842.50    | 0.09%             | 2032-01-30      | Fixed         | 7.63%                 | No            |                  2 | On Loan: —       |
| CIVITAS RESOURCES INC                          | Civitas Resources Inc                                                            | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     95000 | PA      | $97716.05     | 0.06%             | 2033-06-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| VICTORIA PLC                                   | Victoria PLC                                                                     | CUSIP: 000000000<br>LEI: 2138002K6ECECHVCQN25 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $113467.00    | 0.07%             | 2026-08-24      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                                | Yum! Brands Inc                                                                  | CUSIP: 988498AP6<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    130000 | PA      | $124437.95    | 0.08%             | 2032-01-31      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                  | FirstCash Inc                                                                    | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48852.34     | 0.03%             | 2028-09-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                        | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    100000 | PA      | $112701.11    | 0.07%             | 2028-06-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                           | Reworld Holding Corp                                                             | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |     75000 | PA      | $71538.29     | 0.04%             | 2029-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WOLSELEY GROUP FINCO PLC                       | Wolseley Group Finco PLC                                                         | CUSIP: 000000000<br>LEI: 213800Q996QYBUUWRZ96 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $132366.13    | 0.08%             | 2031-01-31      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                                | Yum! Brands Inc                                                                  | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    120000 | PA      | $110592.73    | 0.07%             | 2031-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $107290.65    | 0.07%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA SPA                             | Telecom Italia SpA/Milano                                                        | CUSIP: 000000000<br>LEI: 549300W384M3RI3VXU42 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $114498.43    | 0.07%             | 2027-10-12      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| DPL INC                                        | DPL Inc                                                                          | CUSIP: 233293AQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $39050.00     | 0.02%             | 2029-04-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                          | Molina Healthcare Inc                                                            | CUSIP: 60855RAK6<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |     75000 | PA      | $67509.38     | 0.04%             | 2030-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MUNDYS SPA                                     | Mundys SpA                                                                       | CUSIP: 000000000<br>LEI: 8156008DEC771409C487 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $110952.47    | 0.07%             | 2028-02-12      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC                            | AssuredPartners Inc                                                              | CUSIP: 04624VAB5<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49906.51     | 0.03%             | 2029-01-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                              | Iliad Holding SASU                                                               | CUSIP: 000000000<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $116128.98    | 0.07%             | 2028-10-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                   | Novelis Corp                                                                     | CUSIP: 670001AG1<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63943.75     | 0.04%             | 2026-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ZF EUROPE FINANCE BV                           | ZF Europe Finance BV                                                             | CUSIP: 000000000<br>LEI: 549300RI533US2G6G542 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $108226.86    | 0.07%             | 2027-10-23      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| VERISURE HOLDING AB                            | Verisure Holding AB                                                              | CUSIP: 000000000<br>LEI: 549300VQQCWGISM3N408 | Long             | DBT              | CORP              | SE        |    100000 | PA      | $113693.13    | 0.07%             | 2027-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DARLING GLOBAL FINANCE                         | Darling Global Finance BV                                                        | CUSIP: 000000000<br>LEI: 724500R2BQXOR6YG2Y67 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $115502.81    | 0.07%             | 2032-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                 | Whirlpool Corp                                                                   | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64054.34     | 0.04%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                       | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    170000 | PA      | $153199.75    | 0.09%             | 2032-02-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Swissport Investments SA                       | Swissport Investments SA                                                         | CUSIP: 000000000<br>LEI: 529900LSB6N3BFHZNE51 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $1.14         | 0.00%             | 2021-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RR DONNELLEY & SONS CO                         | RR Donnelley & Sons Co                                                           | CUSIP: 257867BK6<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48615.00     | 0.03%             | 2029-08-01      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                | Sealed Air Corp                                                                  | CUSIP: 81211KAY6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     48000 | PA      | $46612.08     | 0.03%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRIDIEN                                       | Viridien                                                                         | CUSIP: 000000000<br>LEI: 969500FCVQ5SLAAUJV59 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $113965.96    | 0.07%             | 2030-10-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                          | Bath & Body Works Inc                                                            | CUSIP: 501797AN4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65138.78     | 0.04%             | 2028-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| AMERIGAS PART/FIN CORP                         | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $57750.00     | 0.04%             | 2030-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                       | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $79972.16     | 0.05%             | 2027-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                         | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAD5<br>LEI: N/A                  | Long             | DBT              |  | US        |     50000 | PA      | $51078.13     | 0.03%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                               | CSC Holdings LLC                                                                 | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    125000 | PA      | $84141.35     | 0.05%             | 2030-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                          | Trivium Packaging Finance BV                                                     | CUSIP: 000000000<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $118814.46    | 0.07%             | 2030-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CHOBANI HOLDCO II LLC                          | Chobani Holdco II LLC                                                            | CUSIP: 169918AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     78146 | PA      | $83721.23     | 0.05%             | 2029-10-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS D                       | Axalta Coating Systems Dutch Holding B BV                                        | CUSIP: 05455JAA5<br>LEI: 5493007DMEBZH3CQ5E51 | Long             | DBT              | CORP              | NL        |     75000 | PA      | $77956.50     | 0.05%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BELLIS ACQUISITION CO PL                       | Bellis Acquisition Co PLC                                                        | CUSIP: 000000000<br>LEI: 259400CYE2267UB4A481 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $115016.47    | 0.07%             | 2031-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                          | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAL6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $65618.94     | 0.04%             | 2028-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MOTION FINCO SARL                              | Motion Finco Sarl                                                                | CUSIP: 000000000<br>LEI: 2549002L1LBQZKA7UN30 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $107697.00    | 0.07%             | 2030-06-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DEUCE FINCO                                    | Deuce Finco Plc                                                                  | CUSIP: 000000000<br>LEI: 9845007DA2BC863E8437 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $131323.71    | 0.08%             | 2027-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                         | Energizer Holdings Inc                                                           | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |     90000 | PA      | $85339.27     | 0.05%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    170000 | PA      | $166015.63    | 0.10%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| LIFEPOINT HEALTH INC                           | LifePoint Health Inc                                                             | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    125000 | PA      | $137158.75    | 0.08%             | 2030-10-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| LABL INC                                       | LABL Inc                                                                         | CUSIP: 50168AAA8<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65975.00     | 0.04%             | 2027-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                        | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAK7<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    150000 | PA      | $155090.70    | 0.09%             | 2028-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FNC NL II                           | Teva Pharmaceutical Finance Netherlands II BV                                    | CUSIP: 000000000<br>LEI: 549300HSQCIKJAOYIT23 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $129580.31    | 0.08%             | 2029-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                  | DISH DBS Corp                                                                    | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $291400.00    | 0.18%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ZIGGO BOND CO BV                               | Ziggo Bond Co BV                                                                 | CUSIP: 000000000<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $98485.29     | 0.06%             | 2030-02-28      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85038.57     | 0.05%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                       | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 000000000<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |    100000 | PA      | $119676.61    | 0.07%             | 2030-12-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                               | AMC Networks Inc                                                                 | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50875.00     | 0.03%             | 2032-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: —       |
| BELLIS ACQUISITION CO PL                       | Bellis Acquisition Co PLC                                                        | CUSIP: 000000000<br>LEI: 259400CYE2267UB4A481 | Long             | DBT              | CORP              | GB        |    225000 | PA      | $282130.34    | 0.17%             | 2030-05-14      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                       | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    115000 | PA      | $106972.47    | 0.06%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                       | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $54997.71     | 0.03%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BCPE ULYSSES INTERMEDIAT                       | BCPE Ulysses Intermediate Inc                                                    | CUSIP: 05553LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50000.00     | 0.03%             | 2027-04-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| OLYMPUS WTR US HLDG CORP                       | Olympus Water US Holding Corp                                                    | CUSIP: 000000000<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    100000 | PA      | $112452.89    | 0.07%             | 2028-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                       | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc        | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $45909.50     | 0.03%             | 2031-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| OPAL BIDCO SAS                                 | OPAL BIDCO                                                                       | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $101000.00    | 0.06%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRS LLC                       | Saks Global Enterprises LLC                                                      | CUSIP: 79380MAA3<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |    250000 | PA      | $56250.00     | 0.03%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| DANA INC                                       | Dana Inc                                                                         | CUSIP: 235825AH9<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49213.75     | 0.03%             | 2030-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| CAMELOT RETURN MERGER SU                       | Camelot Return Merger Sub Inc                                                    | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $77882.95     | 0.05%             | 2028-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                             | Howard Hughes Corp/The                                                           | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |     65000 | PA      | $59821.45     | 0.04%             | 2031-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOL                       | Aston Martin Capital Holdings Ltd                                                | CUSIP: 04625HAJ8<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |    125000 | PA      | $118848.75    | 0.07%             | 2029-03-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| DYNAMO NEWCO II GMBH                           | Dynamo Newco II GmbH                                                             | CUSIP: 000000000<br>LEI: 391200FDSPYB8FKV7F97 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $118481.87    | 0.07%             | 2031-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                        | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              |  | US        |    125000 | PA      | $110395.76    | 0.07%             | 2030-04-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| THAMES WATER UTIL FIN                          | Thames Water Utilities Finance PLC                                               | CUSIP: 000000000<br>LEI: 213800ESMPQ4RQ7G8351 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $9962.98      | 0.01%             | 2029-05-03      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                         | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AM6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $41171.00     | 0.02%             | 2028-06-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                       | Sensata Technologies Inc                                                         | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51103.43     | 0.03%             | 2032-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL ISSR TR                       | Midcap Financial Issuer Trust                                                    | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $113981.10    | 0.07%             | 2028-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                             | Howard Hughes Corp/The                                                           | CUSIP: 44267DAD9<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74569.84     | 0.05%             | 2028-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                            | Altice Financing SA                                                              | CUSIP: 000000000<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $88348.16     | 0.05%             | 2028-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                          | HUB International Ltd                                                            | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    205000 | PA      | $213456.25    | 0.13%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                   | SM Energy Co                                                                     | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89112.31     | 0.05%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                       | Allison Transmission Inc                                                         | CUSIP: 019736AG2<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |     95000 | PA      | $86671.35     | 0.05%             | 2031-01-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| GARDA WORLD SECURITY                           | Garda World Security Corp                                                        | CUSIP: 36485MAK5<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |     60000 | PA      | $59404.18     | 0.04%             | 2027-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| LHMC FINCO 2 SARL                              | LHMC Finco 2 Sarl                                                                | CUSIP: 000000000<br>LEI: 254900VNJ7A4DAOPXL60 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $119894.86    | 0.07%             | 2030-05-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AC8<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64187.50     | 0.04%             | 2028-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD PPTY FIN ULC                        | Brookfield Property Finance ULC                                                  | CUSIP: 11287PAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    125000 | PA      | $89150.40     | 0.05%             | 2026-09-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                 | Gray Media Inc                                                                   | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    145000 | PA      | $106472.78    | 0.06%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| CLOUD SOFTWARE GRP INC                         | Cloud Software Group Inc                                                         | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    420000 | PA      | $434700.00    | 0.26%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                            | NOVA Chemicals Corp                                                              | CUSIP: 66977WAU3<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |     60000 | PA      | $64471.36     | 0.04%             | 2030-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                              | Lithia Motors Inc                                                                | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47062.50     | 0.03%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| Churchill Downs Inc                            | Churchill Downs Inc                                                              | CUSIP: 171484AG3<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74898.12     | 0.05%             | 2027-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                | Nissan Motor Co Ltd                                                              | CUSIP: 000000000<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    100000 | PA      | $111330.05    | 0.07%             | 2028-09-17      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                         | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302757.00    | 0.18%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOG                 | SEAGATE DATA STOR                                                                | CUSIP: 81180LAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     65000 | PA      | $68950.56     | 0.04%             | 2031-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| POST HOLDINGS INC                              | Post Holdings Inc                                                                | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    155000 | PA      | $148063.97    | 0.09%             | 2030-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                       | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $28200.77     | 0.02%             | 2030-04-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| VIVION INVESTMENTS                             | Vivion Investments Sarl                                                          | CUSIP: 000000000<br>LEI: 529900SJ7X71ESJK9N76 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $111575.17    | 0.07%             | 2029-02-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                          | Freedom Mortgage Corp                                                            | CUSIP: 35640YAL1<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |     50000 | PA      | $55355.58     | 0.03%             | 2030-10-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| Viking Cruises Ltd                             | Viking Cruises Ltd                                                               | CUSIP: 92676XAD9<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     90000 | PA      | $89893.64     | 0.05%             | 2027-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                       | Graphic Packaging International LLC                                              | CUSIP: 38869AAD9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28033.92     | 0.02%             | 2030-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                  | FirstCash Inc                                                                    | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66706.25     | 0.04%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                   | AES Corp/The                                                                     | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48187.50     | 0.03%             | 2055-07-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                            | Buckeye Partners LP                                                              | CUSIP: 118230AU5<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48916.69     | 0.03%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                     | goeasy Ltd                                                                       | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $52942.00     | 0.03%             | 2028-12-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                  | Parkland Corp                                                                    | CUSIP: 70137WAL2<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |     80000 | PA      | $76688.34     | 0.05%             | 2030-05-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| RCI BANQUE SA                                  | RCI Banque SA                                                                    | CUSIP: 000000000<br>LEI: 96950001WI712W7PQG45 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $115734.45    | 0.07%             | 2037-03-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CROWN EURO HOLDING SACA                        | Crown European Holdings SACA                                                     | CUSIP: 000000000<br>LEI: 85OKW2SW05RZFQS1W718 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $119035.32    | 0.07%             | 2030-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                 | NRG Energy Inc                                                                   | CUSIP: 629377CE0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80259.45     | 0.05%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HOLOGIC INC                                    | Hologic Inc                                                                      | CUSIP: 436440AP6<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94710.00     | 0.06%             | 2029-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                       | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $79273.60     | 0.05%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                          | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87432.57     | 0.05%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                 | NRG Energy Inc                                                                   | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121478.68    | 0.07%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Hologic Inc                                    | Hologic Inc                                                                      | CUSIP: 436440AM3<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49294.57     | 0.03%             | 2028-02-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                             | Ally Financial Inc                                                               | CUSIP: 02005NBS8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51922.27     | 0.03%             | 2033-02-14      | Fixed         | 6.70%                 | No            |                  2 | On Loan: —       |
| ROCKET COS INC                                 | Rocket Cos Inc                                                                   | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $214410.82    | 0.13%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                          | Civitas Resources Inc                                                            | CUSIP: 097793AE3<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34628.65     | 0.02%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                          | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AS5<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43187.30     | 0.03%             | 2029-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| B&G FOODS INC                                  | B&G Foods Inc                                                                    | CUSIP: 05508WAB1<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |     55000 | PA      | $48876.73     | 0.03%             | 2027-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| OWENS & MINOR INC                              | Owens & Minor Inc                                                                | CUSIP: 690732AG7<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45022.00     | 0.03%             | 2030-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| FORTRESS TRANS & INFRAST                       | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |     90000 | PA      | $93269.78     | 0.06%             | 2032-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SCHAEFFLER AG                                  | Schaeffler AG                                                                    | CUSIP: 000000000<br>LEI: 549300Q7E782X7GC1P43 | Long             | DBT              | CORP              | DE        |     75000 | PA      | $85779.29     | 0.05%             | 2027-03-26      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                     | goeasy Ltd                                                                       | CUSIP: 380355AN7<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $50898.00     | 0.03%             | 2030-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ANYWHERE RE GRP/REALOGY                        | Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp                          | CUSIP: 75606DAQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4152.25      | 0.00%             | 2030-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| STANDARD INDUSTRI INC/NY                       | Standard Industries Inc/NY                                                       | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108588.67    | 0.07%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KFC HLD/PIZZA HUT/TACO                         | KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC                   | CUSIP: 48250NAC9<br>LEI: 549300G2LG4YUB3MM115 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74599.88     | 0.05%             | 2027-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                       | Live Nation Entertainment Inc                                                    | CUSIP: 538034AX7<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43703.69     | 0.03%             | 2028-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                       | Jones Deslauriers Insurance Management Inc                                       | CUSIP: 48020RAA3<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $53313.75     | 0.03%             | 2030-12-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                              | Newell Brands Inc                                                                | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60623.40     | 0.04%             | 2027-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| ACRISURE LLC / FIN INC                         | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $62626.06     | 0.04%             | 2029-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FNC NL II                           | Teva Pharmaceutical Finance Netherlands II BV                                    | CUSIP: 000000000<br>LEI: 549300HSQCIKJAOYIT23 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $108550.94    | 0.07%             | 2028-10-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                               | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    160000 | PA      | $147827.26    | 0.09%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                        | Asbury Automotive Group Inc                                                      | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |     95000 | PA      | $91281.67     | 0.06%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| SUNOCO LP/FINANCE CORP                         | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAZ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     83000 | PA      | $79636.01     | 0.05%             | 2030-04-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                        | United Rentals North America Inc                                                 | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112750.00    | 0.07%             | 2034-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| VENTURE GLOBAL LNG INC                         | Venture Global LNG Inc                                                           | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    340000 | PA      | $370600.00    | 0.22%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ALEXANDRITE MONNET UK                          | Alexandrite Monnet UK Holdco PLC                                                 | CUSIP: 000000000<br>LEI: 254900UEO4639PJFQ079 | Long             | DBT              |  | GB        |    100000 | PA      | $125398.08    | 0.08%             | 2029-05-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Q-PARK HOLDING I BV                            | Q-Park Holding I BV                                                              | CUSIP: 000000000<br>LEI: 2549003839B7HE3NDP48 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $118380.75    | 0.07%             | 2030-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| UKG INC                                        | UKG Inc                                                                          | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    275000 | PA      | $282218.75    | 0.17%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                       | Acadia Healthcare Co Inc                                                         | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66828.13     | 0.04%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| MAHLE GMBH                                     | Mahle GmbH                                                                       | CUSIP: 000000000<br>LEI: 52990098TR1QJBWIYG58 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $114982.50    | 0.07%             | 2031-05-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                  | Parkland Corp                                                                    | CUSIP: 70137WAK4<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $54035.26     | 0.03%             | 2026-06-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTL INC                            | Somnigroup International Inc                                                     | CUSIP: 88023UAH4<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47500.00     | 0.03%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| GLOBAL AUTO HO/AAG FH UK                       | Global Auto Holdings Ltd/AAG FH UK Ltd                                           | CUSIP: 00033GAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |     50000 | PA      | $44113.50     | 0.03%             | 2032-01-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HLDGS GR                       | Newfold Digital Holdings Group Inc                                               | CUSIP: 650929AA0<br>LEI: 549300UTQC2651SB0W88 | Long             | DBT              | CORP              | US        |     55000 | PA      | $39765.00     | 0.02%             | 2028-10-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                        | SBA Communications Corp                                                          | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              |  | US        |    170000 | PA      | $166941.53    | 0.10%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                        | Stagwell Global LLC                                                              | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |    135000 | PA      | $129768.75    | 0.08%             | 2029-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| BAUSCH HEALTH COS INC                          | Bausch Health Cos Inc                                                            | CUSIP: 071734AM9<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $35171.34     | 0.02%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EPHIOS SUBCO SARL                              | Ephios Subco 3 Sarl                                                              | CUSIP: 000000000<br>LEI: 213800E4EG6VFUFVEH64 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $122745.19    | 0.07%             | 2031-01-31      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                              | Herc Holdings Inc                                                                | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134477.55    | 0.08%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ESSENDI SA                                     | Essendi SA                                                                       | CUSIP: 000000000<br>LEI: 2221000MD2YP7WLTNC52 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $120176.35    | 0.07%             | 2029-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                         | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $66796.14     | 0.04%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NGG FINANCE PLC                                | NGG Finance PLC                                                                  | CUSIP: 000000000<br>LEI: 549300MLDJ2T68G21W86 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $111662.49    | 0.07%             | 2082-09-05      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| RR DONNELLEY & SONS CO                         | RR Donnelley & Sons Co                                                           | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127878.75    | 0.08%             | 2029-08-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ELO SACA                                       | ELO SACA                                                                         | CUSIP: 000000000<br>LEI: 969500ASEC557H5A4F22 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $234696.87    | 0.14%             | 2028-04-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                        | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92840JAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     95000 | PA      | $89775.00     | 0.05%             | 2030-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                          | Bath & Body Works Inc                                                            | CUSIP: 501797AW4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |     80000 | PA      | $81900.00     | 0.05%             | 2030-10-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                      | IQVIA Inc                                                                        | CUSIP: 46266TAD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51572.00     | 0.03%             | 2030-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BERTELSMANN SE & CO KGAA                       | Bertelsmann SE & Co KGaA                                                         | CUSIP: 000000000<br>LEI: 5299001BUUGXAREGE533 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $114247.43    | 0.07%             | 2075-04-23      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ZEGONA FINANCE PLC                             | Zegona Finance PLC                                                               | CUSIP: 000000000<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |    125000 | PA      | $151151.28    | 0.09%             | 2029-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                       | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135872.10    | 0.08%             | 2034-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC                           | Sonic Automotive Inc                                                             | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62554.68     | 0.04%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| MITER BRAND / MIWD BORR                        | Miter Brands Acquisition Holdco Inc / MIWD Borrower LLC                          | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $76534.28     | 0.05%             | 2032-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                       | Rogers Communications Inc                                                        | CUSIP: 775109DG3<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $127986.70    | 0.08%             | 2055-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| EDP SA                                         | EDP SA                                                                           | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | DBT              | CORP              | PT        |    100000 | PA      | $111403.00    | 0.07%             | 2082-03-14      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                       | Vistra Operations Co LLC                                                         | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    170000 | PA      | $179615.63    | 0.11%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                           | LifePoint Health Inc                                                             | CUSIP: 53219LAU3<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65779.62     | 0.04%             | 2029-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Brink's Co/The                                 | Brink's Co/The                                                                   | CUSIP: 109696AA2<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58980.60     | 0.04%             | 2027-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| THAMES WATER UTIL FIN                          | Thames Water Utilities Finance PLC                                               | CUSIP: 000000000<br>LEI: 213800ESMPQ4RQ7G8351 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $76887.14     | 0.05%             | 2033-01-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                         | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58263.34     | 0.04%             | 2027-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| PIRAEUS FINANCIAL HLDGS                        | Piraeus Financial Holdings SA                                                    | CUSIP: 000000000<br>LEI: M6AD1Y1KW32H8THQ6F76 | Long             | DBT              | CORP              | GR        |    100000 | PA      | $125704.58    | 0.08%             | 2034-04-17      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51523.11     | 0.03%             | 2032-09-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                       | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     22000 | PA      | $22023.38     | 0.01%             | 2027-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                       | Univision Communications Inc                                                     | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    140000 | PA      | $142235.51    | 0.09%             | 2031-07-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SM Energy Co                                   | SM Energy Co                                                                     | CUSIP: 78454LAP5<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59939.75     | 0.04%             | 2027-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                        | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    161000 | PA      | $157434.11    | 0.10%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| AGRIFARMA SPA                                  | Agrifarma SpA                                                                    | CUSIP: 000000000<br>LEI: 815600F89DA538E88804 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $114444.01    | 0.07%             | 2028-10-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                          | Nabors Industries Inc                                                            | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     50000 | PA      | $40125.00     | 0.02%             | 2031-08-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA SPA                             | Telecom Italia SpA/Milano                                                        | CUSIP: 000000000<br>LEI: 549300W384M3RI3VXU42 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $107903.24    | 0.07%             | 2029-01-18      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC                           | Sonic Automotive Inc                                                             | CUSIP: 83545GBE1<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |     52000 | PA      | $48884.06     | 0.03%             | 2031-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| COMSTOCK RESOURCES INC                         | Comstock Resources Inc                                                           | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    110000 | PA      | $103599.38    | 0.06%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102125.00    | 0.06%             | 2029-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                         | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    177000 | PA      | $181368.11    | 0.11%             | 2027-07-15      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                   | Entegris Inc                                                                     | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    175000 | PA      | $171416.00    | 0.10%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CONTOURGLOBAL POWER HLDG                       | ContourGlobal Power Holdings SA                                                  | CUSIP: 000000000<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $116560.19    | 0.07%             | 2030-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                         | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153381.75    | 0.09%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AECOM                                          | AECOM                                                                            | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65528.45     | 0.04%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX PIB DUTCH FINANC                       | Phoenix PIB Dutch Finance BV                                                     | CUSIP: 000000000<br>LEI: 529900UUYBCBB7HMVI56 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $119402.95    | 0.07%             | 2029-07-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                       | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    135000 | PA      | $124658.55    | 0.08%             | 2031-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                       | Permian Resources Operating LLC                                                  | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    120000 | PA      | $124010.77    | 0.08%             | 2032-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                       | Brandywine Operating Partnership LP                                              | CUSIP: 105340AQ6<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |     50000 | PA      | $48254.40     | 0.03%             | 2027-11-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                       | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $75084.75     | 0.05%             | 2028-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                          | Williams Scotsman Inc                                                            | CUSIP: 96949VAL7<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46966.75     | 0.03%             | 2031-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                          | Tenet Healthcare Corp                                                            | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    235000 | PA      | $236992.80    | 0.14%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIE                       | Compass Group Diversified Holdings LLC                                           | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |    100000 | PA      | $92839.27     | 0.06%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                       | Acadia Healthcare Co Inc                                                         | CUSIP: 00404AAN9<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |     33000 | PA      | $32578.26     | 0.02%             | 2028-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| WESCO DISTRIBUTION INC                         | WESCO Distribution Inc                                                           | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102662.83    | 0.06%             | 2029-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                        | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAG0<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49625.00     | 0.03%             | 2027-09-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                       | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AF8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    105000 | PA      | $103792.50    | 0.06%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| ZIGGO BOND CO BV                               | Ziggo Bond Co BV                                                                 | CUSIP: 98953GAD7<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |     50000 | PA      | $43613.12     | 0.03%             | 2030-02-28      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                       | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     85000 | PA      | $87531.30     | 0.05%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| NAVIENT CORP                                   | Navient Corp                                                                     | CUSIP: 63938CAP3<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     50000 | PA      | $56129.87     | 0.03%             | 2031-03-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| SIX FLAGS/CANADA WON                           | Six Flags Entertainment Corp / Canada's Wonderland Co / Magnum Management Corp   | CUSIP: 150190AE6<br>LEI: 549300TUVLNQQ6BVKH61 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58340.71     | 0.04%             | 2029-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| TUI AG                                         | TUI AG                                                                           | CUSIP: 000000000<br>LEI: 529900SL2WSPV293B552 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $119061.69    | 0.07%             | 2029-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                        | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $82192.00     | 0.05%             | 2030-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                           | LifePoint Health Inc                                                             | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     90000 | PA      | $96893.10     | 0.06%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                        | Global Partners LP / GLP Finance Corp                                            | CUSIP: 37954FAK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $31482.19     | 0.02%             | 2032-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                       | Hudson Pacific Properties LP                                                     | CUSIP: 44409MAB2<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              | CORP              | US        |     50000 | PA      | $43630.00     | 0.03%             | 2029-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: —       |
| UNIVISION COMMUNICATIONS                       | Univision Communications Inc                                                     | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114410.44    | 0.07%             | 2030-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                       | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $146462.06    | 0.09%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                             | Osaic Holdings Inc                                                               | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10108.75     | 0.01%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                        | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $164793.75    | 0.10%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                         | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    105000 | PA      | $105909.75    | 0.06%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| ZIGGO BOND CO BV                               | Ziggo Bond Co BV                                                                 | CUSIP: 000000000<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |    125000 | PA      | $131949.81    | 0.08%             | 2032-11-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                 | Brink's Co/The                                                                   | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35882.46     | 0.02%             | 2029-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| IRON MOUNTAIN INC                              | Iron Mountain Inc                                                                | CUSIP: 46284VAF8<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    145000 | PA      | $141707.09    | 0.09%             | 2029-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                              | Iron Mountain Inc                                                                | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    130000 | PA      | $122968.35    | 0.07%             | 2031-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                               | Altice France SA                                                                 | CUSIP: 02156LAE1<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |     45000 | PA      | $38891.25     | 0.02%             | 2029-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ROBLOX CORP                                    | ROBLOX Corp                                                                      | CUSIP: 771049AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $94021.27     | 0.06%             | 2030-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                             | Ardonagh Finco Ltd                                                               | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    125000 | PA      | $130253.70    | 0.08%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                         | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAB9<br>LEI: N/A                  | Long             | DBT              |  | US        |     75000 | PA      | $74781.00     | 0.05%             | 2028-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                          | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $87947.32     | 0.05%             | 2032-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                        | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $47870.02     | 0.03%             | 2029-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MAHLE GMBH                                     | Mahle GmbH                                                                       | CUSIP: 000000000<br>LEI: 52990098TR1QJBWIYG58 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $107758.76    | 0.07%             | 2028-05-14      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC POWER CORP                              | Public Power Corp SA                                                             | CUSIP: 000000000<br>LEI: 213800T9Y5XCOVRZ4Y57 | Long             | DBT              | CORP              | GR        |    100000 | PA      | $117111.81    | 0.07%             | 2031-10-31      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                 | Azorra Finance Ltd                                                               | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |     25000 | PA      | $25534.25     | 0.02%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ENERGIZER GAMMA ACQ BV                         | Energizer Gamma Acquisition BV                                                   | CUSIP: 000000000<br>LEI: 5493002SUYZDHEQ3JN34 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $110644.04    | 0.07%             | 2029-06-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                       | Electricite de France SA                                                         | CUSIP: 28504KAA5<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    150000 | PA      | $172073.73    | 0.10%             | 2033-03-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                       | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    325000 | PA      | $324917.65    | 0.20%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MGM CHINA HOLDINGS LTD                         | MGM China Holdings Ltd                                                           | CUSIP: 55300RAG6<br>LEI: 529900VZFN87OS7WJM66 | Long             | DBT              | CORP              | KY        |     75000 | PA      | $74378.75     | 0.05%             | 2027-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                          | GFL Environmental Inc                                                            | CUSIP: 36168QAP9<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |     55000 | PA      | $53080.73     | 0.03%             | 2029-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ALUMINA PTY LTD                                | Alumina Pty Ltd                                                                  | CUSIP: 02220AAB3<br>LEI: 2138002VD9MW2WT8HR38 | Long             | DBT              | CORP              | AU        |     50000 | PA      | $50664.91     | 0.03%             | 2032-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                         | EquipmentShare.com Inc                                                           | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     70000 | PA      | $74509.40     | 0.05%             | 2032-05-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: —       |
| ENERGIA GROUP ROI                              | Energia Group Roi Financeco DAC                                                  | CUSIP: 000000000<br>LEI: 2138006WRV8S2EFW9516 | Long             | DBT              | CORP              | IE        |    100000 | PA      | $118113.08    | 0.07%             | 2028-07-31      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                        | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 049362AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     75000 | PA      | $72889.07     | 0.04%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                       | Albion Financing 1 SARL / Aggreko Holdings Inc                                   | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    175000 | PA      | $180250.00    | 0.11%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                       | Performance Food Group Inc                                                       | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |     95000 | PA      | $91318.75     | 0.06%             | 2029-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                  | LGI Homes Inc                                                                    | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57710.40     | 0.03%             | 2032-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| ICAHN ENTERPRISES/FIN                          | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $55687.85     | 0.03%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: —       |
| CARNIVAL PLC                                   | Carnival PLC                                                                     | CUSIP: 000000000<br>LEI: 4DR1VPDQMHD3N3QW8W95 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $104118.21    | 0.06%             | 2029-10-28      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                       | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92637.25     | 0.06%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| VISTRA OPERATIONS CO LLC                       | Vistra Operations Co LLC                                                         | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    115000 | PA      | $119452.41    | 0.07%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                              | Service Corp International/US                                                    | CUSIP: 817565CF9<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91080.43     | 0.06%             | 2030-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: —       |
| CLARIV SCI HLD CORP                            | Clarivate Science Holdings Corp                                                  | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $102987.50    | 0.06%             | 2029-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                         | Energizer Holdings Inc                                                           | CUSIP: 29272WAC3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58457.35     | 0.04%             | 2028-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FNC NL II                           | Teva Pharmaceutical Finance Netherlands II BV                                    | CUSIP: 000000000<br>LEI: 549300HSQCIKJAOYIT23 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $115236.91    | 0.07%             | 2027-05-09      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VOLVO CAR AB                                   | Volvo Car AB                                                                     | CUSIP: 000000000<br>LEI: 5299000EAMGGBEYP7J33 | Long             | DBT              | CORP              | SE        |    100000 | PA      | $116563.43    | 0.07%             | 2030-05-08      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                             | Rithm Capital Corp                                                               | CUSIP: 64828TAC6<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              |  | US        |     65000 | PA      | $65867.75     | 0.04%             | 2030-07-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                       | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAE9<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |     75000 | PA      | $79312.50     | 0.05%             | 2031-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                         | SCIH Salt Holdings Inc                                                           | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $121377.50    | 0.07%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HLDNG D'INFRA METIERS                          | Holding d'Infrastructures des Metiers de l'Environnement                         | CUSIP: 000000000<br>LEI: 969500I3QVK40XEORU25 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $118772.05    | 0.07%             | 2029-10-24      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                              | Post Holdings Inc                                                                | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65081.25     | 0.04%             | 2034-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| VALEO SE                                       | Valeo SE                                                                         | CUSIP: 000000000<br>LEI: 5493006IH2N2WMIBB742 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $114430.28    | 0.07%             | 2030-04-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $133599.23    | 0.08%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                            | Sirius XM Radio LLC                                                              | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    115000 | PA      | $112257.25    | 0.07%             | 2026-09-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC                       | Virgin Media Finance PLC                                                         | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $90095.00     | 0.05%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Incora Top Holdco LLC                          | Incora Top Holdco LLC                                                            | CUSIP: 45338U101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1351 | NS      | $32599.63     | 0.02%             |  |  |  | No            |                  3 | On Loan: —       |
| BLOCK INC                                      | Block Inc                                                                        | CUSIP: 852234AP8<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    105000 | PA      | $96275.03     | 0.06%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| RHP HOTEL PPTY/RHP FINAN                       | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AG0<br>LEI: N/A                  | Long             | DBT              |  | US        |     70000 | PA      | $67851.64     | 0.04%             | 2029-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| AMC NETWORKS INC                               | AMC Networks Inc                                                                 | CUSIP: 00164VAF0<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2400.00      | 0.00%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| PBF HOLDING CO LLC                             | PBF Holding Co LLC / PBF Finance Corp                                            | CUSIP: 69318FAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $91282.70     | 0.06%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| JANE STREET GRP/JSG FIN                        | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $188575.00    | 0.11%             | 2032-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE TECH LLC                             | CommScope Technologies LLC                                                       | CUSIP: 20338HAB9<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88191.34     | 0.05%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                        | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $118584.40    | 0.07%             | 2033-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MAHLE GMBH                                     | Mahle GmbH                                                                       | CUSIP: 000000000<br>LEI: 52990098TR1QJBWIYG58 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $116194.59    | 0.07%             | 2032-07-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| AMC ENTERTAINMENT HLDGS                        | AMC Entertainment Holdings Inc                                                   | CUSIP: 00165CBA1<br>LEI: 549300ZO77UNR6NRBR11 | Long             | DBT              | CORP              | US        |    105000 | PA      | $88966.11     | 0.05%             | 2029-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                       | Builders FirstSource Inc                                                         | CUSIP: 12008RAN7<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78316.97     | 0.05%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                       | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 26873CAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51497.51     | 0.03%             | 2031-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                          | American Airlines Inc                                                            | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91627.19     | 0.06%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| FIBERCOP SPA                                   | Fibercop SpA                                                                     | CUSIP: 000000000<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $122405.08    | 0.07%             | 2028-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                          | Molina Healthcare Inc                                                            | CUSIP: 60855RAJ9<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |     80000 | PA      | $76392.80     | 0.05%             | 2028-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| REKEEP SPA                                     | Rekeep SpA                                                                       | CUSIP: 000000000<br>LEI: 8156008737CA044FCB79 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $115571.47    | 0.07%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                         | Clearway Energy Operating LLC                                                    | CUSIP: 18539UAC9<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |     85000 | PA      | $83396.90     | 0.05%             | 2028-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                       | Builders FirstSource Inc                                                         | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111698.99    | 0.07%             | 2034-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HUSKY INJECTION / TITAN                        | Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC                      | CUSIP: 44805RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    110000 | PA      | $113390.07    | 0.07%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                     | Viasat Inc                                                                       | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59805.00     | 0.04%             | 2027-04-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| MGM RESORTS INTL                               | MGM Resorts International                                                        | CUSIP: 552953CD1<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |     57000 | PA      | $56786.25     | 0.03%             | 2026-09-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                               | CSC Holdings LLC                                                                 | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125694.39    | 0.08%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| Veritas US Inc                                 | Veritas US Inc 2024 Priority Term Loan                                           | CUSIP: 000000000<br>LEI: 549300RFUWCPWS8FQ104 | Long             | LON              | CORP              | US        |       181 | PA      | $181.65       | 0.00%             | 2029-12-09      | Floating      | 12.30%                | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                       | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAH4<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59475.00     | 0.04%             | 2033-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| VF CORP                                        | VF Corp                                                                          | CUSIP: 918204BB3<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47750.00     | 0.03%             | 2027-04-23      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S                                      | Sotheby's                                                                        | CUSIP: 835898AH0<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74062.50     | 0.04%             | 2027-10-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                         | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAN7<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50052.78     | 0.03%             | 2028-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                             | Leviathan Bond Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |     55000 | PA      | $54723.93     | 0.03%             | 2027-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KRONOS ACQUISITION HOLDI                       | Kronos Acquisition Holdings Inc                                                  | CUSIP: 50106GAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $40352.63     | 0.02%             | 2032-06-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: —       |
| MIWD HLDCO II/MIWD FIN                         | MIWD Holdco II LLC / MIWD Finance Corp                                           | CUSIP: 55337PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $47630.00     | 0.03%             | 2030-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| DANA INC                                       | Dana Inc                                                                         | CUSIP: 235825AF3<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40053.96     | 0.02%             | 2027-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                            | Altice Financing SA                                                              | CUSIP: 000000000<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $87975.64     | 0.05%             | 2029-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                                     | Arcosa Inc                                                                       | CUSIP: 039653AA8<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48206.94     | 0.03%             | 2029-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BAYER AG                                       | Bayer AG                                                                         | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $124343.70    | 0.08%             | 2083-09-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FMC CORP                                       | FMC Corp                                                                         | CUSIP: 302491AZ8<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77524.00     | 0.05%             | 2055-11-01      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC                           | Noble Finance II LLC                                                             | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $147472.00    | 0.09%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                            | Station Casinos LLC                                                              | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |     55000 | PA      | $51458.00     | 0.03%             | 2031-12-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| SINCLAIR TELEVISION GROU                       | Sinclair Television Group Inc                                                    | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    105000 | PA      | $107290.64    | 0.07%             | 2033-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| ORSTED A/S                                     | Orsted AS                                                                        | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | DBT              | CORP              | DK        |    100000 | PA      | $94167.98     | 0.06%             | 2099-12-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                         | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BG5<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84644.77     | 0.05%             | 2027-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| INFRASTRUTTURE WIRELESS                        | Infrastrutture Wireless Italiane SpA                                             | CUSIP: 000000000<br>LEI: 81560066183FE361C071 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $113386.77    | 0.07%             | 2026-07-08      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE                         | Ardonagh Group Finance Ltd                                                       | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |    175000 | PA      | $184234.44    | 0.11%             | 2032-02-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| CIRSA FINANCE INTER                            | Cirsa Finance International Sarl                                                 | CUSIP: 000000000<br>LEI: 254900KUJN6DHWH2K029 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $118671.55    | 0.07%             | 2028-07-31      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $289937.11    | 0.18%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BAYER AG                                       | Bayer AG                                                                         | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $116323.76    | 0.07%             | 2082-03-25      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                               | Altice France SA                                                                 | CUSIP: 02156LAA9<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    175000 | PA      | $162646.72    | 0.10%             | 2027-02-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| EMERIA SASU                                    | Emeria SASU                                                                      | CUSIP: 000000000<br>LEI: 969500SA2FHM81LPJ311 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $97067.21     | 0.06%             | 2028-03-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UNIPOL ASSICURAZIONI SPA                       | Unipol Assicurazioni SpA                                                         | CUSIP: 000000000<br>LEI: 8156005CE5E7340CCA86 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $120237.50    | 0.07%             | 2034-05-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                         | Match Group Holdings II LLC                                                      | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58637.72     | 0.04%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                       | Rogers Communications Inc                                                        | CUSIP: 775109BS9<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $74100.75     | 0.04%             | 2082-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                                | Yum! Brands Inc                                                                  | CUSIP: 988498AR2<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119396.40    | 0.07%             | 2032-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                           | Garda World Security Corp                                                        | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $103060.00    | 0.06%             | 2032-11-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                 | Gray Media Inc                                                                   | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     85000 | PA      | $63369.88     | 0.04%             | 2030-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO FINANCE 2                        | INEOS Quattro Finance 2 Plc                                                      | CUSIP: 000000000<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $115357.69    | 0.07%             | 2029-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                       | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    150000 | PA      | $153660.00    | 0.09%             | 2029-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                    | Chemours Co/The                                                                  | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |     55000 | PA      | $46368.44     | 0.03%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| THAMES WATER UTIL FIN                          | Thames Water Utilities Finance PLC                                               | CUSIP: 000000000<br>LEI: 213800ESMPQ4RQ7G8351 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $78489.94     | 0.05%             | 2029-04-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEREOS FINANCE GROUPE I                        | Tereos Finance Groupe I SA                                                       | CUSIP: 000000000<br>LEI: 969500183Z46A3QF8W69 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $112035.56    | 0.07%             | 2031-04-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                       | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $38391.96     | 0.02%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                              | Iliad Holding SASU                                                               | CUSIP: 449691AC8<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $101535.58    | 0.06%             | 2028-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                           | Edison International                                                             | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48934.99     | 0.03%             | 2053-06-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| FORVIA SE                                      | Forvia SE                                                                        | CUSIP: 000000000<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $113123.93    | 0.07%             | 2027-02-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                        | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 654740BT5<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46343.23     | 0.03%             | 2028-03-09      | Fixed         | 2.75%                 | No            |                  2 | On Loan: —       |
| ONTEX GROUP NV                                 | Ontex Group NV                                                                   | CUSIP: 000000000<br>LEI: 549300AQESC6JJOPW253 | Long             | DBT              | CORP              | BE        |    100000 | PA      | $116971.28    | 0.07%             | 2030-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                          | NGL Energy Operating LLC / NGL Energy Finance Corp                               | CUSIP: 62922LAC2<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |    105000 | PA      | $103847.77    | 0.06%             | 2029-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                          | GFL Environmental Inc                                                            | CUSIP: 36168QAL8<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $72685.14     | 0.04%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| CHURCHILL DOWNS INC                            | Churchill Downs Inc                                                              | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56173.33     | 0.03%             | 2031-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                              | Newell Brands Inc                                                                | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49837.50     | 0.03%             | 2029-09-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                       | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $76133.25     | 0.05%             | 2032-09-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $127264.04    | 0.08%             | 2029-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                                   | Magnera Corp                                                                     | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |     95000 | PA      | $89220.84     | 0.05%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| NAVIENT CORP                                   | Navient Corp                                                                     | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     85000 | PA      | $83980.85     | 0.05%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHOBANI LLC/FINANCE CORP                       | Chobani LLC / Chobani Finance Corp Inc                                           | CUSIP: 17027NAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $52013.40     | 0.03%             | 2029-07-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: —       |
| BRITISH TELECOMMUNICATIO                       | British Telecommunications PLC                                                   | CUSIP: 11102AAF8<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |     50000 | PA      | $49269.17     | 0.03%             | 2081-11-23      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                       | Hudson Pacific Properties LP                                                     | CUSIP: 44409MAC0<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |     35000 | PA      | $27945.77     | 0.02%             | 2030-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                        | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAS0<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    125000 | PA      | $136109.38    | 0.08%             | 2029-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                               | CSC Holdings LLC                                                                 | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $158534.92    | 0.10%             | 2029-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MATTR CORP                                     | Mattr Corp                                                                       | CUSIP: 57722YAC6<br>LEI: 549300KP4U2Z1IKXOL88 | Long             | DBT              | CORP              | CA        |     65000 | PA      | $48127.84     | 0.03%             | 2031-04-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ZIGGO BV                                       | Ziggo BV                                                                         | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |    110000 | PA      | $101618.18    | 0.06%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                       | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     50000 | PA      | $45490.65     | 0.03%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| EUTELSAT SA                                    | Eutelsat SA                                                                      | CUSIP: 000000000<br>LEI: 549300MCOOY1V7P2PG30 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $104797.67    | 0.06%             | 2028-10-13      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                   | Fibercop SpA                                                                     | CUSIP: 000000000<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $126613.06    | 0.08%             | 2028-07-31      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CERVED INFORMATION SOLUT                       | Cerved Group SpA                                                                 | CUSIP: 000000000<br>LEI: 8156005E0EF91772E207 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $107289.29    | 0.07%             | 2029-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL EMEA FIN SARL                        | Whirlpool EMEA Finance Sarl                                                      | CUSIP: 96332XAA2<br>LEI: 549300KCJ74PW78SNI52 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $105848.69    | 0.06%             | 2028-02-20      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| METRO BANK HOLDINGS PLC                        | Metro Bank Holdings PLC                                                          | CUSIP: 000000000<br>LEI: 984500CDDEAD6C2EDQ64 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $150619.56    | 0.09%             | 2029-04-30      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| SoftBank Group Corp                            | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |    125000 | PA      | $139682.29    | 0.08%             | 2029-09-19      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm Inc                                                                    | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    170000 | PA      | $171021.84    | 0.10%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STENA INTERNATIONAL SA                         | Stena International SA                                                           | CUSIP: 85858EAD5<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $101659.73    | 0.06%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                    | Vistra Operations Co LLC                                                         | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    165000 | PA      | $164094.15    | 0.10%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61841.62     | 0.04%             | 2030-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                          | Mineral Resources Ltd                                                            | CUSIP: 603051AD5<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |     70000 | PA      | $71671.03     | 0.04%             | 2030-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| INTRUM INV AND FIN                             | Intrum Investments And Financing AB                                              | CUSIP: 000000000<br>LEI: 984500D7B1EFD7460452 | Long             | DBT              | CORP              | SE        |     36400 | PA      | $38837.88     | 0.02%             | 2027-09-11      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                   | Fibercop SpA                                                                     | CUSIP: 000000000<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $106358.27    | 0.06%             | 2029-01-18      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                       | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    125000 | PA      | $113911.25    | 0.07%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| BALL CORP                                      | Ball Corp                                                                        | CUSIP: 000000000<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    100000 | PA      | $111877.83    | 0.07%             | 2027-03-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                        | Central Garden & Pet Co                                                          | CUSIP: 153527AN6<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47129.69     | 0.03%             | 2030-10-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                              | Service Corp International/US                                                    | CUSIP: 817565CG7<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    105000 | PA      | $97443.15     | 0.06%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ZF FINANCE GMBH                                | ZF Finance GmbH                                                                  | CUSIP: 000000000<br>LEI: 5493001N9T6QDCCXB426 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $109082.67    | 0.07%             | 2027-05-06      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HLDNG D'INFRA METIERS                          | Holding d'Infrastructures des Metiers de l'Environnement                         | CUSIP: 000000000<br>LEI: 969500I3QVK40XEORU25 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $104809.25    | 0.06%             | 2028-09-16      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                            | Medline Borrower LP                                                              | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    290000 | PA      | $284581.90    | 0.17%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FIN IV                              | Teva Pharmaceutical Finance Netherlands IV BV                                    | CUSIP: 881937AA4<br>LEI: 549300GKSD1RG56QRY33 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $101319.90    | 0.06%             | 2030-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                | Sealed Air Corp                                                                  | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51552.75     | 0.03%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                          | Bread Financial Holdings Inc                                                     | CUSIP: 018581AP3<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |    100000 | PA      | $107250.00    | 0.07%             | 2029-03-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                       | Charles River Laboratories International Inc                                     | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |     65000 | PA      | $59577.00     | 0.04%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BRIGHTSTAR LOTTERY PLC                         | Brightstar Lottery PLC                                                           | CUSIP: 460599AD5<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |     85000 | PA      | $85785.40     | 0.05%             | 2027-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                       | Standard Building Solutions Inc                                                  | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    115000 | PA      | $117375.13    | 0.07%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                       | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAX1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $71050.00     | 0.04%             | 2032-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                       | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $119925.00    | 0.07%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| BAUSCH HEALTH COS INC                          | Bausch Health Cos Inc                                                            | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    225000 | PA      | $199125.00    | 0.12%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MOBILUX FINANCE SAS                            | Mobilux Finance SAS                                                              | CUSIP: 000000000<br>LEI: 9695002JF900PZD9TO50 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $120261.21    | 0.07%             | 2030-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ARD FINANCE SA                                 | ARD Finance SA                                                                   | CUSIP: 000000000<br>LEI: 6354006P6QPGGPVJW880 | Long             | DBT              | CORP              | LU        |    105833 | PA      | $4115.45      | 0.00%             | 2027-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DUFRY ONE BV                                   | Dufry One BV                                                                     | CUSIP: 000000000<br>LEI: 7245003K5MN9U7XW0808 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $113901.21    | 0.07%             | 2028-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| IMA INDUSTRIA MACCHINE                         | IMA Industria Macchine Automatiche SpA                                           | CUSIP: 000000000<br>LEI: 815600D86992FDA7B908 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $113409.03    | 0.07%             | 2028-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FWD GROUP HOLDINGS LTD                         | FWD Group Holdings Ltd                                                           | CUSIP: 30332TAB8<br>LEI: 254900HEGGDS8WU5QZ97 | Long             | DBT              | CORP              | KY        |    100000 | PA      | $103250.00    | 0.06%             | 2029-04-05      | Fixed         | 8.40%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                          | McGraw-Hill Education Inc                                                        | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77843.16     | 0.05%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                           | RLJ Lodging Trust LP                                                             | CUSIP: 74965LAA9<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |     50000 | PA      | $49307.50     | 0.03%             | 2026-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                 | Gray Media Inc                                                                   | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10062.50     | 0.01%             | 2032-07-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE                         | Edgewell Personal Care Co                                                        | CUSIP: 28035QAB8<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47346.50     | 0.03%             | 2029-04-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                        | JetBlue Airways Corp / JetBlue Loyalty LP                                        | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    215000 | PA      | $205994.92    | 0.12%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: —       |
| HERTZ CORP/THE                                 | Hertz Corp/The                                                                   | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156079.50    | 0.09%             | 2029-07-15      | Fixed         | 12.63%                | No            |                  2 | On Loan: —       |
| ICAHN ENTERPRISES/FIN                          | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $63139.40     | 0.04%             | 2030-06-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| CENTURY COMMUNITIES                            | Century Communities Inc                                                          | CUSIP: 156504AL6<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50050.00     | 0.03%             | 2027-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                   | Fibercop SpA                                                                     | CUSIP: 683879AF7<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    225000 | PA      | $222394.59    | 0.13%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc                                      | IQVIA Inc                                                                        | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99738.00     | 0.06%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                       | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBG4<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    205000 | PA      | $205321.85    | 0.12%             | 2027-03-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                               | CSC Holdings LLC                                                                 | CUSIP: 126307AS6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45960.63     | 0.03%             | 2028-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BANCA IFIS SPA                                 | Banca IFIS SpA                                                                   | CUSIP: 000000000<br>LEI: 8156005420362AE59184 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $119230.79    | 0.07%             | 2027-01-19      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL USA INC                             | Murphy Oil USA Inc                                                               | CUSIP: 626738AF5<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |     80000 | PA      | $73367.50     | 0.04%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                        | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92840JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     70000 | PA      | $70230.50     | 0.04%             | 2027-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                        | SBA Communications Corp                                                          | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              |  | US        |    165000 | PA      | $153871.05    | 0.09%             | 2029-02-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| B&G FOODS INC                                  | B&G Foods Inc                                                                    | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |     95000 | PA      | $88825.00     | 0.05%             | 2028-09-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SCHAEFFLER AG                                  | SCHAEFFLER AG                                                                    | CUSIP: 000000000<br>LEI: 549300Q7E782X7GC1P43 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $117700.88    | 0.07%             | 2031-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                       | Standard Industries Inc/NY                                                       | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    120000 | PA      | $107247.35    | 0.07%             | 2031-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FIN LTD                       | Transocean Titan Financing Ltd                                                   | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     45238 | PA      | $46359.97     | 0.03%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                          | Level 3 Financing Inc                                                            | CUSIP: 527298CB7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     95000 | PA      | $89222.81     | 0.05%             | 2029-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| COOPER-STANDARD AUTOMOTI                       | Cooper-Standard Automotive Inc                                                   | CUSIP: 216762AH7<br>LEI: ITCH5B3Q4RTX2PH9UN62 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52536.47     | 0.03%             | 2027-03-31      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                         | CACI International Inc                                                           | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102806.00    | 0.06%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                 | NRG Energy Inc                                                                   | CUSIP: 629377CS9<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     61000 | PA      | $55730.21     | 0.03%             | 2032-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BRAND INDUSTRIAL SERVICE                       | Brand Industrial Services Inc                                                    | CUSIP: 104931AA8<br>LEI: 549300B658W2BPDQMW42 | Long             | DBT              | CORP              | US        |    130000 | PA      | $117975.00    | 0.07%             | 2030-08-01      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| ODEON FINCO PLC                                | Odeon Finco PLC                                                                  | CUSIP: 67585LAA3<br>LEI: 9845003ECF9901CC5382 | Long             | DBT              | CORP              | GB        |     50000 | PA      | $52062.50     | 0.03%             | 2027-11-01      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                          | Tenet Healthcare Corp                                                            | CUSIP: 88033GDH0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58986.60     | 0.04%             | 2028-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    105000 | PA      | $104895.56    | 0.06%             | 2031-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Darling Ingredients Inc                        | Darling Ingredients Inc                                                          | CUSIP: 237266AH4<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49900.00     | 0.03%             | 2027-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ELIOR GROUP SA                                 | Elior Group SA                                                                   | CUSIP: 000000000<br>LEI: 969500LYSYS0E800SQ95 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $118186.52    | 0.07%             | 2030-03-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| GRUENENTHAL GMBH                               | Gruenenthal GmbH                                                                 | CUSIP: 000000000<br>LEI: 529900SH895E31PGLA72 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $116029.89    | 0.07%             | 2031-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| THAMES WATER UTIL FIN                          | Thames Water Utilities Finance PLC                                               | CUSIP: 000000000<br>LEI: 213800ESMPQ4RQ7G8351 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $86964.79     | 0.05%             | 2034-01-24      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                       | Standard Building Solutions Inc                                                  | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20194.00     | 0.01%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                      | Block Inc                                                                        | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    235000 | PA      | $241079.45    | 0.15%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BAYER AG                                       | Bayer AG                                                                         | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $122170.29    | 0.07%             | 2083-09-25      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                           | Garda World Security Corp                                                        | CUSIP: 36485MAN9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |     60000 | PA      | $61800.00     | 0.04%             | 2032-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                             | Vodafone Group PLC                                                               | CUSIP: 000000000<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $144445.06    | 0.09%             | 2086-08-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                       | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc        | CUSIP: 43283QAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $101125.00    | 0.06%             | 2032-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                           | IHO Verwaltungs GmbH                                                             | CUSIP: 000000000<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $119825.94    | 0.07%             | 2029-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                                   | Magnera Corp                                                                     | CUSIP: 377320AA4<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |     50000 | PA      | $44138.62     | 0.03%             | 2029-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| NORTHERN OIL & GAS INC                         | Northern Oil & Gas Inc                                                           | CUSIP: 665530AB7<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41166.00     | 0.02%             | 2031-06-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                            | Clarivate Science Holdings Corp                                                  | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $105132.96    | 0.06%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                       | Charles River Laboratories International Inc                                     | CUSIP: 159864AE7<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48484.88     | 0.03%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JERROLD FINCO PLC                              | Jerrold Finco PLC                                                                | CUSIP: 000000000<br>LEI: 213800F7AYNHLL1BPR31 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $136274.09    | 0.08%             | 2030-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                          | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAE9<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    125000 | PA      | $122822.18    | 0.07%             | 2028-07-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TELEFLEX INC                                   | Teleflex Inc                                                                     | CUSIP: 879369AG1<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96716.25     | 0.06%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T                       | Diversified Healthcare Trust                                                     | CUSIP: 81721MAM1<br>LEI: N/A                  | Long             | DBT              |  | US        |     60000 | PA      | $55534.60     | 0.03%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                       | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125091.09    | 0.08%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAB3<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     75000 | PA      | $71918.21     | 0.04%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STOR                              | Seagate Data Storage Technology Pte Ltd                                          | CUSIP: 81180LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     35000 | PA      | $35369.89     | 0.02%             | 2030-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                       | Live Nation Entertainment Inc                                                    | CUSIP: 538034AV1<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    135000 | PA      | $136387.96    | 0.08%             | 2027-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                       | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    125000 | PA      | $87585.94     | 0.05%             | 2030-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                       | Hess Midstream Operations LP                                                     | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $69667.15     | 0.04%             | 2028-06-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                            | Buckeye Partners LP                                                              | CUSIP: 118230AR2<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34157.56     | 0.02%             | 2027-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                  | ZF North America Capital Inc                                                     | CUSIP: 98877DAE5<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72656.25     | 0.04%             | 2030-04-14      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| EUTELSAT SA                                    | Eutelsat SA                                                                      | CUSIP: 000000000<br>LEI: 549300MCOOY1V7P2PG30 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $123806.51    | 0.08%             | 2029-04-13      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                 | Wynn Macau Ltd                                                                   | CUSIP: 98313RAE6<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    125000 | PA      | $120248.69    | 0.07%             | 2029-12-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                          | Directv Financing LLC                                                            | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $68229.00     | 0.04%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| NISSAN MOTOR CO                                | Nissan Motor Co Ltd                                                              | CUSIP: 000000000<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    100000 | PA      | $115579.94    | 0.07%             | 2029-07-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                       | Vistra Operations Co LLC                                                         | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119857.79    | 0.07%             | 2027-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                             | Baytex Energy Corp                                                               | CUSIP: 07317QAJ4<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $101682.57    | 0.06%             | 2030-04-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| HESS MIDSTREAM OPERATION                       | Hess Midstream Operations LP                                                     | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $40144.00     | 0.02%             | 2030-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                        | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $66937.50     | 0.04%             | 2029-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                       | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    105000 | PA      | $111037.50    | 0.07%             | 2031-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| VITAL ENERGY INC                               | Vital Energy Inc                                                                 | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    115000 | PA      | $100660.94    | 0.06%             | 2032-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| GLOBAL ATLANTIC FIN CO                         | Global Atlantic Fin Co                                                           | CUSIP: 37959GAG2<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |     75000 | PA      | $78519.60     | 0.05%             | 2054-10-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                         | Match Group Holdings II LLC                                                      | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     35000 | PA      | $32638.62     | 0.02%             | 2030-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                              | Nexstar Media Inc                                                                | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    120000 | PA      | $116544.00    | 0.07%             | 2028-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| AVIS BUDGET CAR/FINANCE                        | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $48005.10     | 0.03%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| MACY'S RETAIL HLDGS LLC                        | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $20075.00     | 0.01%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $101822.92    | 0.06%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| ENCINO ACQUISITION PARTN                       | Encino Acquisition Partners Holdings LLC                                         | CUSIP: 29254BAB3<br>LEI: 549300BUKUEKT2UE4T49 | Long             | DBT              | CORP              | US        |     45000 | PA      | $49657.72     | 0.03%             | 2031-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                           | Pilgrim's Pride Corp                                                             | CUSIP: 72147KAL2<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |     50000 | PA      | $54602.80     | 0.03%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                 | Wynn Macau Ltd                                                                   | CUSIP: 98313RAH9<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    125000 | PA      | $123637.50    | 0.07%             | 2028-08-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                              | Nexstar Media Inc                                                                | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199600.00    | 0.12%             | 2027-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                       | Altice France Holding SA                                                         | CUSIP: 02156TAA2<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $36802.27     | 0.02%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DOMETIC GROUP AB                               | Dometic Group AB                                                                 | CUSIP: 000000000<br>LEI: 549300STIPMK5VSA7Y59 | Long             | DBT              | CORP              | SE        |    100000 | PA      | $106769.33    | 0.06%             | 2028-09-29      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                          | GFL Environmental Inc                                                            | CUSIP: 36168QAN4<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $73366.19     | 0.04%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                          | Tenet Healthcare Corp                                                            | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    288000 | PA      | $288000.00    | 0.17%             | 2028-10-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| TECHEM VERWALTUNGSGESELL                       | Techem Verwaltungsgesellschaft 675 mbH                                           | CUSIP: 000000000<br>LEI: 529900N0M7FQHNAV1A41 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $118267.81    | 0.07%             | 2029-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                            | Travel + Leisure Co                                                              | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60404.40     | 0.04%             | 2026-07-31      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                        | Starwood Property Trust Inc                                                      | CUSIP: 85571BAU9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |     60000 | PA      | $58850.85     | 0.04%             | 2026-07-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                           | RLJ Lodging Trust LP                                                             | CUSIP: 74965LAB7<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |     65000 | PA      | $60684.65     | 0.04%             | 2029-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| ZAYO GROUP HOLDINGS INC                        | Zayo Group Holdings Inc                                                          | CUSIP: 98919VAB1<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    110000 | PA      | $99210.54     | 0.06%             | 2028-03-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                          | Mineral Resources Ltd                                                            | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    110000 | PA      | $115087.50    | 0.07%             | 2028-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                          | Bath & Body Works Inc                                                            | CUSIP: 501797AR5<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40968.88     | 0.02%             | 2029-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| INEOS FINANCE PLC                              | INEOS Finance PLC                                                                | CUSIP: 000000000<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $108805.06    | 0.07%             | 2030-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BIRKENSTOCK FINANC SARL                        | Birkenstock Financing Sarl                                                       | CUSIP: 000000000<br>LEI: 5299004DSXRFOZZ5UG09 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $115602.33    | 0.07%             | 2029-04-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                         | Lumen Technologies Inc                                                           | CUSIP: 550241AC7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48720.00     | 0.03%             | 2030-04-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| TELUS CORP                                     | TELUS Corp                                                                       | CUSIP: 87971MCL5<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $75894.02     | 0.05%             | 2055-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                           | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69118.47     | 0.04%             | 2030-08-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                     | DaVita Inc                                                                       | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    315000 | PA      | $300714.75    | 0.18%             | 2030-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                       | Snap Inc                                                                         | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    155000 | PA      | $158695.05    | 0.10%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| CURRENTA GROUP HOLDINGS                        | Currenta Group Holdings Sarl                                                     | CUSIP: 000000000<br>LEI: 222100SF79KCJKYUPE47 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $117032.07    | 0.07%             | 2030-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                     | Carvana Co                                                                       | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    159750 | PA      | $166906.80    | 0.10%             | 2030-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                              | Post Holdings Inc                                                                | CUSIP: 737446AP9<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128813.75    | 0.08%             | 2029-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                            | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |    100000 | PA      | $105609.85    | 0.06%             | 2032-07-06      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                   | Entegris Inc                                                                     | CUSIP: 29362UAC8<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48703.96     | 0.03%             | 2028-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NCL FINANCE LTD                                | NCL Finance Ltd                                                                  | CUSIP: 62888HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     50000 | PA      | $50697.68     | 0.03%             | 2028-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                      | Sunoco LP                                                                        | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     95000 | PA      | $99485.66     | 0.06%             | 2032-05-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Spirit AeroSystems Inc                         | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAK6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68862.50     | 0.04%             | 2028-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm Inc                                                                    | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    220000 | PA      | $224423.10    | 0.14%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FNAC DARTY SA                                  | Fnac Darty SA                                                                    | CUSIP: 000000000<br>LEI: 96950091FL62XSLPHO35 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $119229.41    | 0.07%             | 2029-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                        | Starwood Property Trust Inc                                                      | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |     50000 | PA      | $50489.50     | 0.03%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| IMOLA MERGER CORP                              | Imola Merger Corp                                                                | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $218116.98    | 0.13%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                 | Transocean Inc                                                                   | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |    116000 | PA      | $120210.80    | 0.07%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MOTION BONDCO DAC                              | Motion Bondco DAC                                                                | CUSIP: 61978XAA5<br>LEI: 635400KFD3IETNQLA755 | Long             | DBT              | CORP              | IE        |     50000 | PA      | $47600.02     | 0.03%             | 2027-11-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN                       | Raven Acquisition Holdings LLC                                                   | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $146450.00    | 0.09%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AN1<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99625.00     | 0.06%             | 2030-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ANYWHERE REAL EST/CO-ISS                       | Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp                         | CUSIP: 75606DAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190200 | PA      | $182116.50    | 0.11%             | 2030-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                         | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BR1<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     65000 | PA      | $61712.69     | 0.04%             | 2031-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| YUM! BRANDS INC                                | Yum! Brands Inc                                                                  | CUSIP: 988498AL5<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73910.48     | 0.04%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                               | CSC Holdings LLC                                                                 | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    100000 | PA      | $65636.56     | 0.04%             | 2031-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| VOLVO CAR AB                                   | Volvo Car AB                                                                     | CUSIP: 000000000<br>LEI: 5299000EAMGGBEYP7J33 | Long             | DBT              | CORP              | SE        |    100000 | PA      | $112575.66    | 0.07%             | 2027-10-07      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                              | Clean Harbors Inc                                                                | CUSIP: 184496AQ0<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66378.03     | 0.04%             | 2031-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                       | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $159398.71    | 0.10%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Allison Transmission Inc                       | Allison Transmission Inc                                                         | CUSIP: 019736AF4<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40171.91     | 0.02%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PREMIER ENTERTAINMENT SU                       | Premier Entertainment Sub LLC / Premier Entertainment Finance Corp               | CUSIP: 74052HAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $46391.27     | 0.03%             | 2031-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                       | Hess Midstream Operations LP                                                     | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $91793.75     | 0.06%             | 2030-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                 | Owens-Brockway Glass Container Inc                                               | CUSIP: 69073TAT0<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60061.01     | 0.04%             | 2027-05-13      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                              | Service Corp International/US                                                    | CUSIP: 817565CD4<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64316.15     | 0.04%             | 2027-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                               | Arches Buyer Inc                                                                 | CUSIP: 039524AA1<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |    115000 | PA      | $110659.07    | 0.07%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                        | Howard Midstream Energy Partners LLC                                             | CUSIP: 442722AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $52288.64     | 0.03%             | 2028-07-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                | Madison IAQ LLC                                                                  | CUSIP: 55760LAA5<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72606.41     | 0.04%             | 2028-06-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                    | Vistra Operations Co LLC                                                         | CUSIP: 92840VAA0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99952.86     | 0.06%             | 2026-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $138845.00    | 0.08%             | 2027-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $296728.25    | 0.18%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SES SA                                         | SES SA                                                                           | CUSIP: 000000000<br>LEI: 5493008JPA4HYMH1HX51 | Long             | DBT              | CORP              | LU        |    125000 | PA      | $140836.89    | 0.09%             | 2054-09-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                               | Lamar Media Corp                                                                 | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $50600.00     | 0.03%             | 2031-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| CNTRL PARENT/CDK GLB INC                       | Central Parent Inc / CDK Global Inc                                              | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $61779.00     | 0.04%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| EMRLD BOR / EMRLD CO-ISS                       | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 29103CAA6<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |    310000 | PA      | $316048.10    | 0.19%             | 2030-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| SENSATA TECHNOLOGIES INC                       | Sensata Technologies Inc                                                         | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |     80000 | PA      | $73001.26     | 0.04%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                       | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622FAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $47149.58     | 0.03%             | 2034-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINCO I BV                             | Sunrise FinCo I BV                                                               | CUSIP: 000000000<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $115231.18    | 0.07%             | 2032-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                          | American Airlines Inc                                                            | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    115000 | PA      | $120147.92    | 0.07%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| NRG ENERGY INC                                 | NRG Energy Inc                                                                   | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     60000 | PA      | $56332.16     | 0.03%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                         | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    100000 | PA      | $90937.50     | 0.06%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                               | AmWINS Group Inc                                                                 | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97033.00     | 0.06%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES | BlackRock Cash Funds: Treasury, SL Agency Shares                                 | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |    290000 | NS      | $290000.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDIT ACCEPTANC                               | Credit Acceptance Corp                                                           | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $63437.74     | 0.04%             | 2028-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                              | Herc Holdings Inc                                                                | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129354.04    | 0.08%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                            | Rocket Software Inc                                                              | CUSIP: 77314EAA6<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |     55000 | PA      | $53515.55     | 0.03%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ILIAD SA                                       | iliad SA                                                                         | CUSIP: 000000000<br>LEI: 969500FZ9BTRZS3JNB97 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $122827.70    | 0.07%             | 2031-05-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Aramark Services Inc                           | Aramark Services Inc                                                             | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |    135000 | PA      | $133799.85    | 0.08%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                         | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    115000 | PA      | $121444.26    | 0.07%             | 2033-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: —       |
| HESS MIDSTREAM OPERATION                       | Hess Midstream Operations LP                                                     | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $66933.75     | 0.04%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                 | Open Text Corp                                                                   | CUSIP: 683715AC0<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    115000 | PA      | $110748.45    | 0.07%             | 2028-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| SERVICE PROPERTIES TRUST                       | Service Properties Trust                                                         | CUSIP: 44106MBB7<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |     60000 | PA      | $52764.00     | 0.03%             | 2029-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| SCHAEFFLER AG                                  | Schaeffler AG                                                                    | CUSIP: 000000000<br>LEI: 549300Q7E782X7GC1P43 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $113848.60    | 0.07%             | 2028-10-12      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                   | Navient Corp                                                                     | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88059.60     | 0.05%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| Whirlpool Corp                                 | Whirlpool Corp                                                                   | CUSIP: 963320AW6<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73275.33     | 0.04%             | 2029-02-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| LUMEN TECHNOLOGIES INC                         | Lumen Technologies Inc                                                           | CUSIP: 550241AK9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |     56000 | PA      | $56970.66     | 0.03%             | 2032-10-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                 | NRG Energy Inc                                                                   | CUSIP: 629377CH3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64270.05     | 0.04%             | 2029-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                        | Talen Energy Supply LLC                                                          | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    135000 | PA      | $143531.77    | 0.09%             | 2030-06-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: —       |
| ALUMINA PTY LTD                                | Alumina Pty Ltd                                                                  | CUSIP: 02220AAA5<br>LEI: 2138002VD9MW2WT8HR38 | Long             | DBT              | CORP              | AU        |     75000 | PA      | $76020.00     | 0.05%             | 2030-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                        | Energean Israel Finance Ltd                                                      | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |     90000 | PA      | $93192.56     | 0.06%             | 2033-09-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                       | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $62521.20     | 0.04%             | 2030-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                       | Jones Deslauriers Insurance Management Inc                                       | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $79125.00     | 0.05%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                       | Jefferies Finance LLC / JFIN Co-Issuer Corp                                      | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $96500.00     | 0.06%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TUI CRUISES GMBH                               | TUI Cruises GmbH                                                                 | CUSIP: 000000000<br>LEI: 529900SVD83QUUIZYY18 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $119371.19    | 0.07%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                       | Suburban Propane Partners LP/Suburban Energy Finance Corp                        | CUSIP: 864486AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $61001.93     | 0.04%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MERLIN ENTERTAINMENTS GR                       | Merlin Entertainments Group US Holdings Inc                                      | CUSIP: 59010UAA5<br>LEI: 549300HBQPPKS1187K54 | Long             | DBT              | CORP              | US        |     50000 | PA      | $44210.00     | 0.03%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GEO GROUP INC/THE                              | GEO Group Inc/The                                                                | CUSIP: 36162JAG1<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |     85000 | PA      | $90321.00     | 0.05%             | 2029-04-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| MEDIOBANCA DI CRED FIN                         | Mediobanca Banca di Credito Finanziario SpA                                      | CUSIP: 000000000<br>LEI: PSNL19R2RXX5U3QWHI44 | Long             | DBT              | CORP              | IT        |    200000 | PA      | $231698.64    | 0.14%             | 2035-09-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                       | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    100000 | PA      | $113205.26    | 0.07%             | 2026-08-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                          | Six Flags Entertainment Corp                                                     | CUSIP: 83001AAC6<br>LEI: 549300JYTDUAA4JQ3717 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39897.70     | 0.02%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| CHS/COMMUNITY HEALTH SYS                       | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    260000 | PA      | $272252.06    | 0.17%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: —       |
| TRIVIUM PACKAGING FIN                          | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |     75000 | PA      | $78750.75     | 0.05%             | 2031-01-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                        | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $95873.05     | 0.06%             | 2029-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BANCA MONTE DEI PASCHI S                       | Banca Monte dei Paschi di Siena SpA                                              | CUSIP: 000000000<br>LEI: J4CP7MHCXR8DAQMKIL78 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $143302.83    | 0.09%             | 2029-07-23      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                          | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    130000 | PA      | $140289.46    | 0.09%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                              | Lithia Motors Inc                                                                | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |     80000 | PA      | $75569.30     | 0.05%             | 2029-06-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| TK ELEVATOR US NEWCO INC                       | TK Elevator US Newco Inc                                                         | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174210.45    | 0.11%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHROME HOLDCO                                  | Chrome Holdco SAS                                                                | CUSIP: 000000000<br>LEI: 9845000E49865VT3N679 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $14068.14     | 0.01%             | 2029-05-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                               | Cinemark USA Inc                                                                 | CUSIP: 172441BF3<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84443.57     | 0.05%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WEBUILD SPA                                    | Webuild SpA                                                                      | CUSIP: 000000000<br>LEI: 549300UKR289DF4UXQ47 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $115112.66    | 0.07%             | 2027-01-28      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                       | TerraForm Power Operating LLC                                                    | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |     85000 | PA      | $81535.40     | 0.05%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                        | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAF2<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77208.88     | 0.05%             | 2028-09-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS                       | Hughes Satellite Systems Corp                                                    | CUSIP: 444454AF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $64600.00     | 0.04%             | 2026-08-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                         | WESCO Distribution Inc                                                           | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    140000 | PA      | $141862.00    | 0.09%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA VENDOR FIN                        | Virgin Media Vendor Financing Notes III DAC                                      | CUSIP: 000000000<br>LEI: 635400SSKC2QCGEPIQ43 | Long             | DBT              | CORP              | IE        |    100000 | PA      | $127195.84    | 0.08%             | 2028-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                  | PRA Group Inc                                                                    | CUSIP: 69354NAE6<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40932.80     | 0.02%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VALEO SE                                       | Valeo SE                                                                         | CUSIP: 000000000<br>LEI: 5493006IH2N2WMIBB742 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $118216.64    | 0.07%             | 2027-05-28      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                           | LifePoint Health Inc                                                             | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     85000 | PA      | $88293.75     | 0.05%             | 2032-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: —       |
| ORGANON & CO/ORGANON FOR                       | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $212607.00    | 0.13%             | 2028-04-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                       | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AR2<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111112.64    | 0.07%             | 2033-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                   | Novelis Corp                                                                     | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     95000 | PA      | $97783.50     | 0.06%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| TEVA PHARMACEUTICALS NE                        | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAR2<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     75000 | PA      | $84903.75     | 0.05%             | 2031-09-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                       | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $57363.58     | 0.03%             | 2033-11-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                        | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $165342.40    | 0.10%             | 2031-04-30      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ASSEMBLIN CAVERION GROUP                       | Assemblin Caverion Group AB                                                      | CUSIP: 000000000<br>LEI: 636700ULD38LN63RC248 | Long             | DBT              | CORP              | SE        |    100000 | PA      | $119361.57    | 0.07%             | 2030-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                       | Fortescue Treasury Pty Ltd                                                       | CUSIP: 30251GBA4<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |     55000 | PA      | $54237.70     | 0.03%             | 2027-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LABL INC                                       | LABL Inc                                                                         | CUSIP: 50168QAD7<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |     55000 | PA      | $43740.24     | 0.03%             | 2029-11-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AH4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45056.25     | 0.03%             | 2027-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                 | Bombardier Inc                                                                   | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     65000 | PA      | $66787.50     | 0.04%             | 2033-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ENGINEERING SPA                                | Engineering - Ingegneria Informatica - SpA                                       | CUSIP: 000000000<br>LEI: 81560042F5E23EE61346 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $123309.79    | 0.07%             | 2030-02-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                       | Sealed Air Corp/Sealed Air Corp US                                               | CUSIP: 812127AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51990.50     | 0.03%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GLOBAL AUTO HO/AAG FH UK                       | Global Auto Holdings Ltd/AAG FH UK Ltd                                           | CUSIP: 00033GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    175000 | PA      | $163062.31    | 0.10%             | 2029-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                       | Prime Security Services Borrower LLC / Prime Finance Inc                         | CUSIP: 74166MAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $125438.30    | 0.08%             | 2027-08-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                | Gen Digital Inc                                                                  | CUSIP: 668771AL2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66958.13     | 0.04%             | 2030-09-30      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                         | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    115000 | PA      | $121612.50    | 0.07%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                           | WR Grace Holdings LLC                                                            | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    120000 | PA      | $110587.68    | 0.07%             | 2029-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FNC NL II                           | Teva Pharmaceutical Finance Netherlands II BV                                    | CUSIP: 000000000<br>LEI: 549300HSQCIKJAOYIT23 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $112023.31    | 0.07%             | 2027-03-31      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $186623.30    | 0.11%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| SABRE GLBL INC                                 | Sabre GLBL Inc                                                                   | CUSIP: 78573NAM4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    135000 | PA      | $142466.85    | 0.09%             | 2030-07-15      | Fixed         | 11.13%                | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm Inc                                                                    | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    310000 | PA      | $316548.75    | 0.19%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITE                       | Perrigo Finance Unlimited Co                                                     | CUSIP: 71429MAC9<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |     85000 | PA      | $82973.21     | 0.05%             | 2030-06-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD                        | Global Aircraft Leasing Co Ltd                                                   | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    125000 | PA      | $129121.25    | 0.08%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                         | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129107.99    | 0.08%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                        | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $43035.03     | 0.03%             | 2032-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| GRIFOLS SA                                     | Grifols SA                                                                       | CUSIP: 000000000<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    100000 | PA      | $112467.30    | 0.07%             | 2027-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                         | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $139486.50    | 0.08%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                          | SS&C Technologies Inc                                                            | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72039.31     | 0.04%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                   | ADT Security Corp/The                                                            | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    110000 | PA      | $105295.30    | 0.06%             | 2029-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| ZIGGO BV                                       | Ziggo BV                                                                         | CUSIP: 000000000<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $107423.05    | 0.07%             | 2030-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ASP UNIFRAX HLDGS INC                          | ASP UNIFRAX HLDGS INC                                                            | CUSIP: 00218LAG6<br>LEI: 549300RRU6BWJLD0YT71 | Long             | DBT              | CORP              | US        |    141055 | PA      | $129112.01    | 0.08%             | 2029-09-30      | Fixed         | 11.18%                | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                               | Lamar Media Corp                                                                 | CUSIP: 513075BW0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $29444.80     | 0.02%             | 2029-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                               | Altice France SA                                                                 | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $173701.84    | 0.11%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                              | American Builders & Contractors Supply Co Inc                                    | CUSIP: 024747AG2<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |     35000 | PA      | $32958.11     | 0.02%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| VENTURE GLOBAL LNG INC                         | Venture Global LNG Inc                                                           | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    180000 | PA      | $182710.08    | 0.11%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| ADIENT GLOBAL HOLDINGS                         | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAB1<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |     50000 | PA      | $51180.50     | 0.03%             | 2028-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                     | Terex Corp                                                                       | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75093.75     | 0.05%             | 2032-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87661.04     | 0.05%             | 2031-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                             | PBF HOLDING CO LLC                                                               | CUSIP: 69318FAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $84054.51     | 0.05%             | 2030-03-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                        | Sensata Technologies BV                                                          | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |     95000 | PA      | $90423.85     | 0.05%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INTRUM INV AND FIN                             | Intrum Investments And Financing AB                                              | CUSIP: 000000000<br>LEI: 984500D7B1EFD7460452 | Long             | DBT              | CORP              | SE        |     32006 | PA      | $37354.28     | 0.02%             | 2027-09-11      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                       | Standard Industries Inc/NY                                                       | CUSIP: 853496AC1<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    105000 | PA      | $104960.10    | 0.06%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     90000 | PA      | $95103.00     | 0.06%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MOTEL ONE GMBH/MUENCHEN                        | Motel One GmbH/Muenchen                                                          | CUSIP: 000000000<br>LEI: 529900OZ5000U0NZHM90 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $123444.53    | 0.07%             | 2031-04-02      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                       | MPH Acquisition Holdings LLC                                                     | CUSIP: 553283AE2<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |     64040 | PA      | $49252.05     | 0.03%             | 2031-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AC4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57225.00     | 0.03%             | 2028-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                       | Service Properties Trust                                                         | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |     50000 | PA      | $52250.00     | 0.03%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| MATTERHORN TELECOM SA                          | Matterhorn Telecom SA                                                            | CUSIP: 000000000<br>LEI: 549300MTB0YI26SMUT22 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $117749.12    | 0.07%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                       | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     70000 | PA      | $68481.57     | 0.04%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                           | Amentum Holdings Inc                                                             | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103398.50    | 0.06%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Clover Holdings SPV III LLC                    | Clover Holdings SPV III LLC 2024 USD Term Loan                                   | CUSIP: 000000000<br>LEI: 549300RFUWCPWS8FQ104 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2027-12-09      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| BOELS TOPHOLDING BV                            | Boels Topholding BV                                                              | CUSIP: 000000000<br>LEI: 724500V913SEHSEW2O75 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $118874.67    | 0.07%             | 2030-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UNITI GRP/UNITI HLD/CSL                        | Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC                      | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              |  | US        |     75000 | PA      | $70943.04     | 0.04%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                    | Chemours Co/The                                                                  | CUSIP: 163851AE8<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48937.50     | 0.03%             | 2027-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                         | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $95111.00     | 0.06%             | 2029-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| VALEO SE                                       | Valeo SE                                                                         | CUSIP: 000000000<br>LEI: 5493006IH2N2WMIBB742 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $105799.56    | 0.06%             | 2028-08-03      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                          | Nabors Industries Inc                                                            | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     95000 | PA      | $94050.95     | 0.06%             | 2030-01-31      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                  | DISH DBS Corp                                                                    | CUSIP: 25470XBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $81309.38     | 0.05%             | 2028-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                          | Freedom Mortgage Corp                                                            | CUSIP: 35640YAK3<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |     75000 | PA      | $80203.13     | 0.05%             | 2028-10-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| METHANEX CORP                                  | Methanex Corp                                                                    | CUSIP: 59151KAL2<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |     65000 | PA      | $63862.50     | 0.04%             | 2029-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| XPLR INFRAST OPERATING                         | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     80000 | PA      | $83900.00     | 0.05%             | 2031-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| ZAYO GROUP HOLDINGS INC                        | Zayo Group Holdings Inc                                                          | CUSIP: 98919VAA3<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    155000 | PA      | $147499.01    | 0.09%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                       | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $57406.99     | 0.03%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ESSENDI SA                                     | Essendi SA                                                                       | CUSIP: 000000000<br>LEI: 2221000MD2YP7WLTNC52 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $117359.99    | 0.07%             | 2031-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                        | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 019579AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    125000 | PA      | $121250.00    | 0.07%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                         | Match Group Holdings II LLC                                                      | CUSIP: 57665RAG1<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49618.55     | 0.03%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                             | Ally Financial Inc                                                               | CUSIP: 02005NBY5<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59506.80     | 0.04%             | 2040-01-17      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                        | United Rentals North America Inc                                                 | CUSIP: 911365BP8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     80000 | PA      | $72882.40     | 0.04%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| LOXAM SAS                                      | Loxam SAS                                                                        | CUSIP: 000000000<br>LEI: 969500BNA2YRNE1R5K91 | Long             | DBT              | CORP              | FR        |    125000 | PA      | $148418.82    | 0.09%             | 2029-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                       | Univision Communications Inc                                                     | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46687.50     | 0.03%             | 2032-08-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| MUNDYS SPA                                     | Mundys SpA                                                                       | CUSIP: 000000000<br>LEI: 8156008DEC771409C487 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $119656.43    | 0.07%             | 2029-01-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                             | Howard Hughes Corp/The                                                           | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |     90000 | PA      | $85828.82     | 0.05%             | 2029-02-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Mineral Resources Ltd                          | Mineral Resources Ltd                                                            | CUSIP: 603051AA1<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |     75000 | PA      | $75264.00     | 0.05%             | 2027-05-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: —       |
| OI EUROPEAN GROUP BV                           | OI European Group BV                                                             | CUSIP: 67777LAD5<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |     40000 | PA      | $37934.00     | 0.02%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| PROGROUP AG                                    | ProGroup AG                                                                      | CUSIP: 000000000<br>LEI: 529900YI5W5TQ8F2FP82 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $112180.90    | 0.07%             | 2031-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                       | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $41993.87     | 0.03%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BRIGHTSTAR LOTTERY PLC                         | Brightstar Lottery PLC                                                           | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |     75000 | PA      | $74437.50     | 0.05%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS/CANADA WON                           | Six Flags Entertainment Corp / Canada's Wonderland Co / Magnum Management Corp   | CUSIP: 150190AB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $69825.00     | 0.04%             | 2027-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                        | Global Partners LP / GLP Finance Corp                                            | CUSIP: 37954FAL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $40609.08     | 0.02%             | 2033-07-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                            | NCL Corp Ltd                                                                     | CUSIP: 62886HBN0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    100000 | PA      | $105128.72    | 0.06%             | 2029-01-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                           | Talos Production Inc                                                             | CUSIP: 87485LAD6<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61597.77     | 0.04%             | 2029-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                            | Go Daddy Operating Co LLC / GD Finance Co Inc                                    | CUSIP: 38016LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $59768.30     | 0.04%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                  | Parkland Corp                                                                    | CUSIP: 70137WAN8<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |     70000 | PA      | $71516.14     | 0.04%             | 2032-08-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| 1011778 BC / NEW RED FIN                       | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    325000 | PA      | $300889.06    | 0.18%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     90000 | PA      | $93813.75     | 0.06%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| EUROBANK ERG SVCS HLDGS                        | Eurobank Ergasias Services and Holdings SA                                       | CUSIP: 000000000<br>LEI: JEUVK5RWVJEN8W0C9M24 | Long             | DBT              | CORP              | GR        |    100000 | PA      | $130844.29    | 0.08%             | 2032-12-06      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| FEDRIGONI SPA                                  | Fedrigoni SpA                                                                    | CUSIP: 000000000<br>LEI: 8156004CE82074779D19 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $110334.76    | 0.07%             | 2031-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                               | GGAM Finance Ltd                                                                 | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     70000 | PA      | $72133.60     | 0.04%             | 2027-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES/ESCR                       | Windstream Services LLC / Windstream Escrow Finance Corp                         | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $235406.25    | 0.14%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                       | Brandywine Operating Partnership LP                                              | CUSIP: 105340AS2<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |     55000 | PA      | $58943.50     | 0.04%             | 2029-04-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL USA INC                             | Murphy Oil USA Inc                                                               | CUSIP: 626738AE8<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24417.49     | 0.01%             | 2029-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                     | Carvana Co                                                                       | CUSIP: 146869AL6<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |     51098 | PA      | $52343.70     | 0.03%             | 2028-12-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                       | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              |  | US        |     80000 | PA      | $81922.78     | 0.05%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| RAKUTEN GROUP INC                              | Rakuten Group Inc                                                                | CUSIP: 75102WAM0<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |     50000 | PA      | $49514.50     | 0.03%             | 2029-12-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                       | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66011.28     | 0.04%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| AMERICAN AXLE & MFG INC                        | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBB5<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |     60000 | PA      | $54512.61     | 0.03%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Emera Inc                                      | Emera Inc                                                                        | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |    135000 | PA      | $136012.50    | 0.08%             | 2076-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I                         | Vmed O2 UK Financing I PLC                                                       | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $117523.92    | 0.07%             | 2032-04-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                       | MPH Acquisition Holdings LLC                                                     | CUSIP: 553283AG7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |     89277 | PA      | $73332.00     | 0.04%             | 2030-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ZF FINANCE GMBH                                | ZF Finance GmbH                                                                  | CUSIP: 000000000<br>LEI: 5493001N9T6QDCCXB426 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $110205.42    | 0.07%             | 2027-05-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SECHE ENVIRONNEMENT SACA                       | Seche Environnement SACA                                                         | CUSIP: 000000000<br>LEI: 969500R9ENNIN33POO20 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $116249.45    | 0.07%             | 2030-03-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                 | NRG Energy Inc                                                                   | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110312.68    | 0.07%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                       | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $101562.00    | 0.06%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm Inc                                                                    | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155409.00    | 0.09%             | 2030-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GARFUNKELUX HOLDCO 3 SA                        | Garfunkelux Holdco 3 SA                                                          | CUSIP: 000000000<br>LEI: 2221007QVSNJV7EWBX69 | Long             | DBT              | CORP              | LU        |     17408 | PA      | $20314.24     | 0.01%             | 2028-09-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| OWENS & MINOR INC                              | Owens & Minor Inc                                                                | CUSIP: 690732AF9<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |     60000 | PA      | $51899.29     | 0.03%             | 2029-03-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                          | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $58196.24     | 0.04%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                       | iHeartCommunications Inc                                                         | CUSIP: 45174HBJ5<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |     71250 | PA      | $59664.75     | 0.04%             | 2029-05-01      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| BELL CANADA                                    | Bell Telephone Co of Canada or Bell Canada                                       | CUSIP: 0778FPAQ2<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $152456.06    | 0.09%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                        | Light & Wonder International Inc                                                 | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52165.50     | 0.03%             | 2031-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                 | Bombardier Inc                                                                   | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     95000 | PA      | $99208.15     | 0.06%             | 2031-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| KENNEDY-WILSON INC                             | Kennedy-Wilson Inc                                                               | CUSIP: 489399AL9<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |     55000 | PA      | $51677.14     | 0.03%             | 2029-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                 | Whirlpool Corp                                                                   | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64781.90     | 0.04%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN                        | Aethon United BR LP / Aethon United Finance Corp                                 | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $115322.11    | 0.07%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                       | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp               | CUSIP: 505742AR7<br>LEI: N/A                  | Long             | DBT              |  | US        |     90000 | PA      | $94244.90     | 0.06%             | 2031-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                          | Quikrete Holdings Inc                                                            | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    175000 | PA      | $179497.73    | 0.11%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| ALLIED UNIVERSAL                               | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $117749.85    | 0.07%             | 2030-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                        | Light & Wonder International Inc                                                 | CUSIP: 80874YBC3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80163.58     | 0.05%             | 2028-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HLF FIN SARL LLC/HERBALI                       | HLF Financing Sarl LLC / Herbalife International Inc                             | CUSIP: 40390DAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $62873.25     | 0.04%             | 2029-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| AVIS BUDGET CAR/FINANCE                        | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $34781.25     | 0.02%             | 2027-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                       | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $46689.30     | 0.03%             | 2029-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                         | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BS9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66933.75     | 0.04%             | 2030-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| FRESSNAPF HOLDING SE                           | Fressnapf Holding SE                                                             | CUSIP: 000000000<br>LEI: 529900NLSO3VLFW8JQ35 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $116614.95    | 0.07%             | 2031-10-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HILLENBRAND INC                                | Hillenbrand Inc                                                                  | CUSIP: 431571AF5<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55756.25     | 0.03%             | 2029-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| ARDAGH METAL PACKAGING                         | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     75000 | PA      | $70707.00     | 0.04%             | 2028-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                            | Rocket Software Inc                                                              | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103258.64    | 0.06%             | 2028-11-28      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NEXANS SA                                      | Nexans SA                                                                        | CUSIP: 000000000<br>LEI: 96950015FU78G84UIV14 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $118129.37    | 0.07%             | 2030-03-11      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                             | Vodafone Group PLC                                                               | CUSIP: 92857WBQ2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    240000 | PA      | $250800.00    | 0.15%             | 2079-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                           | Reworld Holding Corp                                                             | CUSIP: 22282EAJ1<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47304.00     | 0.03%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                          | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    105000 | PA      | $109652.04    | 0.07%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS INC                         | Radiology Partners Inc                                                           | CUSIP: 75041VAC8<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |     69076 | PA      | $68485.37     | 0.04%             | 2030-02-15      | Fixed         | 9.78%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                         | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AL8<br>LEI: H36E1IF6YS0OBMHM6168 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59658.00     | 0.04%             | 2027-05-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DARLING INGREDIENTS INC                        | Darling Ingredients Inc                                                          | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |    130000 | PA      | $130775.45    | 0.08%             | 2030-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                       | Prime Security Services Borrower LLC / Prime Finance Inc                         | CUSIP: 74166MAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $130000.00    | 0.08%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| CLARIOS GLOBAL LP/US FIN                       | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 69867DAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    195000 | PA      | $196276.00    | 0.12%             | 2027-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                           | LifePoint Health Inc                                                             | CUSIP: 53219LAY5<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     60000 | PA      | $63843.90     | 0.04%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                          | HUB International Ltd                                                            | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64614.29     | 0.04%             | 2029-12-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| VERSUNI GROUP BV                               | Versuni Group BV                                                                 | CUSIP: 000000000<br>LEI: 549300NZZFLYK83VVT71 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $111098.20    | 0.07%             | 2028-06-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                    | Wayfair LLC                                                                      | CUSIP: 94419NAB3<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77114.49     | 0.05%             | 2030-09-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| FORTESCUE TREASURY PTY L                       | Fortescue Treasury Pty Ltd                                                       | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    150000 | PA      | $140697.05    | 0.09%             | 2031-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CIDRON AIDA FINCO SARL                         | Cidron Aida Finco Sarl                                                           | CUSIP: 000000000<br>LEI: 98450036A07991DEBF10 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $117530.19    | 0.07%             | 2031-10-27      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                           | Matador Resources Co                                                             | CUSIP: 576485AH9<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98923.89     | 0.06%             | 2033-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| SERVICE PROPERTIES TRUST                       | Service Properties Trust                                                         | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    120000 | PA      | $127500.00    | 0.08%             | 2031-11-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| METRO AG                                       | METRO AG                                                                         | CUSIP: 000000000<br>LEI: 5299006EQ03K3SSUYS12 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $117813.66    | 0.07%             | 2030-03-05      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DANA FINANCING LUX SARL                        | Dana Financing Luxembourg Sarl                                                   | CUSIP: 000000000<br>LEI: 222100DKCE3D036DQU13 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $123433.10    | 0.07%             | 2031-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                       | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VBA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $25322.60     | 0.02%             | 2033-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                 | Bombardier Inc                                                                   | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     90000 | PA      | $93150.00     | 0.06%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| ASBURY AUTOMOTIVE GROUP                        | Asbury Automotive Group Inc                                                      | CUSIP: 043436AV6<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33622.67     | 0.02%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| FLORA FOOD MANAGEMENT BV                       | Flora Food Management BV                                                         | CUSIP: 000000000<br>LEI: 2549002VGA888UKFKS25 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $115006.54    | 0.07%             | 2029-07-02      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                          | Tenet Healthcare Corp                                                            | CUSIP: 88033GDR8<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    155000 | PA      | $149020.02    | 0.09%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                             | Vodafone Group PLC                                                               | CUSIP: 000000000<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $109917.17    | 0.07%             | 2080-08-27      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| XPO INC                                        | XPO Inc                                                                          | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46575.00     | 0.03%             | 2031-06-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| TKC HOLDINGS INC                               | TKC Holdings Inc                                                                 | CUSIP: 87256YAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $87297.58     | 0.05%             | 2029-05-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| ANYWHERE RE GRP/REALOGY                        | Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp                          | CUSIP: 75606DAV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $25981.25     | 0.02%             | 2030-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: —       |
| FRONTIER COMMUNICATIONS                        | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $96068.75     | 0.06%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| KAISER ALUMINUM CORP                           | Kaiser Aluminum Corp                                                             | CUSIP: 483007AJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $48803.41     | 0.03%             | 2028-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                       | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    100000 | PA      | $115111.69    | 0.07%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                   | Novelis Corp                                                                     | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     95000 | PA      | $85327.99     | 0.05%             | 2031-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                          | HUB International Ltd                                                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    355000 | PA      | $369994.56    | 0.22%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc                              | Iron Mountain Inc                                                                | CUSIP: 46284VAC5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    120000 | PA      | $119100.00    | 0.07%             | 2027-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                            | Sirius XM Radio LLC                                                              | CUSIP: 82967NBA5<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    165000 | PA      | $162937.50    | 0.10%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                             | Vodafone Group PLC                                                               | CUSIP: 92857WBV1<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |     40000 | PA      | $39046.00     | 0.02%             | 2081-06-04      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                            | Kinetik Holdings LP                                                              | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    115000 | PA      | $117473.40    | 0.07%             | 2028-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                             | Baytex Energy Corp                                                               | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $48317.64     | 0.03%             | 2032-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| ICELAND BONDCO PLC                             | Iceland Bondco PLC                                                               | CUSIP: 000000000<br>LEI: 2138002DRBYIA8QXHO36 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $139609.96    | 0.08%             | 2027-12-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| VOC Escrow Ltd                                 | VOC Escrow Ltd                                                                   | CUSIP: 91832VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     70000 | PA      | $69375.09     | 0.04%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORVIA SE                                      | Forvia SE                                                                        | CUSIP: 000000000<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $116618.89    | 0.07%             | 2030-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                      | IQVIA Inc                                                                        | CUSIP: 000000000<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    100000 | PA      | $112795.78    | 0.07%             | 2028-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                        | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                            | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $196115.63    | 0.12%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Bombardier Inc                                 | Bombardier Inc                                                                   | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     18000 | PA      | $18045.00     | 0.01%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| ROCKETMTGE CO-ISSUER INC                       | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 74841CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $70781.25     | 0.04%             | 2029-03-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS                          | Endo Finance Holdings Inc                                                        | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $111765.45    | 0.07%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| PARKLAND CORP                                  | Parkland Corp                                                                    | CUSIP: 70137WAG3<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |     95000 | PA      | $91423.73     | 0.06%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MATTAMY GROUP CORP                             | Mattamy Group Corp                                                               | CUSIP: 57701RAM4<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |     65000 | PA      | $61977.50     | 0.04%             | 2030-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                        | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAM6<br>LEI: N/A                  | Long             | DBT              |  | US        |    135000 | PA      | $92097.00     | 0.06%             | 2031-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                               | Boyd Gaming Corp                                                                 | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95304.00     | 0.06%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                       | Performance Food Group Inc                                                       | CUSIP: 69346VAA7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129836.76    | 0.08%             | 2027-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK GREECE SA                        | National Bank of Greece SA                                                       | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | DBT              | CORP              | GR        |    100000 | PA      | $123926.06    | 0.08%             | 2035-06-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                       | Permian Resources Operating LLC                                                  | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120817.66    | 0.07%             | 2033-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                               | MGM Resorts International                                                        | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111336.04    | 0.07%             | 2029-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| COREWEAVE INC                                  | CoreWeave Inc                                                                    | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129252.50    | 0.08%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                       | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAA7<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49806.75     | 0.03%             | 2028-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                          | Freedom Mortgage Corp                                                            | CUSIP: 35640YAJ6<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60012.38     | 0.04%             | 2027-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ENCINO ACQUISITION PARTN                       | Encino Acquisition Partners Holdings LLC                                         | CUSIP: 29254BAA5<br>LEI: 549300BUKUEKT2UE4T49 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76606.86     | 0.05%             | 2028-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AZELIS FINANCE NV                              | Azelis Finance NV                                                                | CUSIP: 000000000<br>LEI: 699400J0P7A5VXKGK641 | Long             | DBT              | CORP              | BE        |    100000 | PA      | $118066.01    | 0.07%             | 2029-09-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                             | Leviathan Bond Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |     60000 | PA      | $59334.95     | 0.04%             | 2030-06-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                         | Comstock Resources Inc                                                           | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113160.00    | 0.07%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                               | MGM Resorts International                                                        | CUSIP: 552953CF6<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |     66000 | PA      | $66239.58     | 0.04%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                         | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $58387.20     | 0.04%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                        | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $69435.09     | 0.04%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                         | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     75000 | PA      | $75053.15     | 0.05%             | 2027-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                               | CSC Holdings LLC                                                                 | CUSIP: 126307AY3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    125000 | PA      | $100830.34    | 0.06%             | 2028-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL                       | Cheplapharm Arzneimittel GmbH                                                    | CUSIP: 000000000<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $113113.43    | 0.07%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ATLANTICA SUSTAIN INFRA                        | Atlantica Sustainable Infrastructure Ltd                                         | CUSIP: 04916WAA2<br>LEI: 549300ITBBGKJ651R879 | Long             | DBT              | CORP              | GB        |     50000 | PA      | $48314.92     | 0.03%             | 2028-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                       | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    115000 | PA      | $118055.23    | 0.07%             | 2030-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm Inc                                                                    | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301915.59    | 0.18%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                      | SUNOCO LP                                                                        | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    105000 | PA      | $106353.45    | 0.06%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PROJECT GRAND UK PLC                           | Project Grand UK PLC                                                             | CUSIP: 000000000<br>LEI: 984500555ED7B8666028 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $121248.68    | 0.07%             | 2029-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                       | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    165000 | PA      | $144484.77    | 0.09%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| OVH GROUPE SAS                                 | OVH Groupe SA                                                                    | CUSIP: 000000000<br>LEI: 9695001J8OSOVX4TP939 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $116296.74    | 0.07%             | 2031-02-05      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                  | ZF North America Capital Inc                                                     | CUSIP: 98877DAD7<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74707.43     | 0.05%             | 2028-04-14      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DUFRY ONE BV                                   | Dufry One BV                                                                     | CUSIP: 000000000<br>LEI: 7245003K5MN9U7XW0808 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $117475.83    | 0.07%             | 2031-04-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                               | Altice France SA                                                                 | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $99964.98     | 0.06%             | 2029-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                       | Standard Industries Inc/NY                                                       | CUSIP: 000000000<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    100000 | PA      | $112962.84    | 0.07%             | 2026-11-21      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                 | Bombardier Inc                                                                   | CUSIP: 097751BX8<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $75397.50     | 0.05%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| B&M EUROPEAN VALUE RET                         | B&M European Value Retail SA                                                     | CUSIP: 000000000<br>LEI: 213800UK7ZRLY2K1X530 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $140238.17    | 0.09%             | 2030-11-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                       | Charles River Laboratories International Inc                                     | CUSIP: 159864AG2<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |     60000 | PA      | $56370.00     | 0.03%             | 2029-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97615.00     | 0.06%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                              | Newell Brands Inc                                                                | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72841.34     | 0.04%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| CAESARS ENTERTAIN INC                          | Caesars Entertainment Inc                                                        | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    125000 | PA      | $120614.59    | 0.07%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| BELDEN INC                                     | Belden Inc                                                                       | CUSIP: 000000000<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | DBT              | CORP              | US        |    100000 | PA      | $109957.44    | 0.07%             | 2031-07-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                         | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $121975.40    | 0.07%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| TRANSOCEAN INC                                 | Transocean Inc                                                                   | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |    105000 | PA      | $96648.30     | 0.06%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                     | Carvana Co                                                                       | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    175357 | PA      | $208520.52    | 0.13%             | 2031-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                       | British Telecommunications PLC                                                   | CUSIP: 000000000<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $119450.66    | 0.07%             | 2054-10-03      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                       | Aptiv Swiss Holdings Ltd                                                         | CUSIP: 03837AAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |     60000 | PA      | $60490.01     | 0.04%             | 2054-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                             | Crown Americas LLC                                                               | CUSIP: 228180AC9<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75188.89     | 0.05%             | 2033-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                 | OPAL BIDCO SAS                                                                   | CUSIP: 000000000<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $117163.86    | 0.07%             | 2032-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                       | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70035.00     | 0.04%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS LLC                                 | NCR Atleos Corp                                                                  | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |    150000 | PA      | $162045.00    | 0.10%             | 2029-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                         | CUSIP: 15089QAK0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48151.79     | 0.03%             | 2026-08-05      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| OPMOBILITY                                     | Opmobility                                                                       | CUSIP: 000000000<br>LEI: 9695001VLC2KYXX0DW73 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $118910.35    | 0.07%             | 2029-03-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                                | Mercer International Inc                                                         | CUSIP: 588056BC4<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45401.58     | 0.03%             | 2028-10-01      | Fixed         | 12.88%                | No            |                  2 | On Loan: —       |
| BALL CORP                                      | Ball Corp                                                                        | CUSIP: 058498AY2<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91787.40     | 0.06%             | 2028-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                          | Civitas Resources Inc                                                            | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    155000 | PA      | $159530.65    | 0.10%             | 2028-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VERISURE MIDHOLDING AB                         | Verisure Midholding AB                                                           | CUSIP: 000000000<br>LEI: 549300496LYEZ55X1M49 | Long             | DBT              | CORP              | SE        |    100000 | PA      | $114805.01    | 0.07%             | 2029-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                               | Vail Resorts Inc                                                                 | CUSIP: 91879QAQ2<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15082.50     | 0.01%             | 2030-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| IPD 3 BV                                       | IPD 3 BV                                                                         | CUSIP: 000000000<br>LEI: 724500RBP2J59JMQB629 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $115804.86    | 0.07%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $110919.60    | 0.07%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76147.10     | 0.05%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SNF GROUP SACA                                 | SNF Group SACA                                                                   | CUSIP: 000000000<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $117346.21    | 0.07%             | 2032-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BANCO BPM SPA                                  | Banco BPM SpA                                                                    | CUSIP: 000000000<br>LEI: 815600E4E6DCD2D25E30 | Long             | DBT              | CORP              | IT        |    200000 | PA      | $232942.32    | 0.14%             | 2036-11-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     95000 | PA      | $93100.00     | 0.06%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                           | IHO Verwaltungs GmbH                                                             | CUSIP: 44963BAF5<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $103100.00    | 0.06%             | 2030-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                       | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC    | CUSIP: 44287GAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    105000 | PA      | $108762.15    | 0.07%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                            | NCL Corp Ltd                                                                     | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    215000 | PA      | $220871.97    | 0.13%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR MIDCO GMBH                         | TK Elevator Midco GmbH                                                           | CUSIP: 000000000<br>LEI: 254900K869UN2ZWVB351 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $114075.68    | 0.07%             | 2027-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                              | Iron Mountain Inc                                                                | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    130000 | PA      | $132111.76    | 0.08%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                               | Altice France SA                                                                 | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $100011.57    | 0.06%             | 2029-01-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                       | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $73406.25     | 0.04%             | 2027-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                       | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97060.04     | 0.06%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                         | Match Group Holdings II LLC                                                      | CUSIP: 57667JAA0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     60000 | PA      | $53548.20     | 0.03%             | 2031-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                      | Ball Corp                                                                        | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    150000 | PA      | $134796.75    | 0.08%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                             | CNX Resources Corp                                                               | CUSIP: 12653CAJ7<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64975.03     | 0.04%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| CENTURY COMMUNITIES                            | Century Communities Inc                                                          | CUSIP: 156504AM4<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46120.82     | 0.03%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                         | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70611.10     | 0.04%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BUBBLES BIDCO SPA                              | Bubbles Bidco SPA                                                                | CUSIP: 000000000<br>LEI: 815600073942740CEB24 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $117306.05    | 0.07%             | 2031-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                           | Range Resources Corp                                                             | CUSIP: 75281ABK4<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58327.91     | 0.04%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                    | Avient Corp                                                                      | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60193.00     | 0.04%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                         | AthenaHealth Group Inc                                                           | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    265000 | PA      | $260235.30    | 0.16%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                       | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp               | CUSIP: 505742AM8<br>LEI: N/A                  | Long             | DBT              |  | US        |     70000 | PA      | $68723.20     | 0.04%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                            | NuStar Logistics LP                                                              | CUSIP: 67059TAH8<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61759.17     | 0.04%             | 2030-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DANA INC                                       | Dana Inc                                                                         | CUSIP: 235825AG1<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30033.84     | 0.02%             | 2028-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| INFRASTRUTTURE WIRELESS                        | Infrastrutture Wireless Italiane SpA                                             | CUSIP: 000000000<br>LEI: 81560066183FE361C071 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $116083.33    | 0.07%             | 2030-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                               | Altice France SA                                                                 | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    275000 | PA      | $238641.76    | 0.14%             | 2029-07-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                       | British Telecommunications PLC                                                   | CUSIP: 000000000<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $142278.11    | 0.09%             | 2083-12-20      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                       | Boost Newco Borrower LLC                                                         | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |    250000 | PA      | $264355.45    | 0.16%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LOTTOMATICA GROUP SPA                          | Lottomatica Group Spa                                                            | CUSIP: 000000000<br>LEI: 549300R72LKEGT4EX026 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $117821.22    | 0.07%             | 2031-01-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                 | NRG Energy Inc                                                                   | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    105000 | PA      | $96118.05     | 0.06%             | 2031-02-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                    | Wayfair LLC                                                                      | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76383.92     | 0.05%             | 2029-10-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD                       | Primo Water Holdings Inc / Triton Water Holdings Inc                             | CUSIP: 74168RAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $75259.37     | 0.05%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                            | Sirius XM Radio LLC                                                              | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128261.61    | 0.08%             | 2029-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| FIBERCOP SPA                                   | Fibercop SpA                                                                     | CUSIP: 000000000<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    125000 | PA      | $144976.51    | 0.09%             | 2030-06-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ILIAD SA                                       | iliad SA                                                                         | CUSIP: 000000000<br>LEI: 969500FZ9BTRZS3JNB97 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $120775.56    | 0.07%             | 2029-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PLT VII FINANCE SARL                           | PLT VII Finance Sarl                                                             | CUSIP: 000000000<br>LEI: 894500SKZV4JDP64R249 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $118458.03    | 0.07%             | 2031-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GEO GROUP INC/THE                              | GEO Group Inc/The                                                                | CUSIP: 36162JAH9<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |     60000 | PA      | $66046.50     | 0.04%             | 2031-04-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                       | Live Nation Entertainment Inc                                                    | CUSIP: 538034AR0<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |     95000 | PA      | $93585.45     | 0.06%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| GGAM FINANCE LTD                               | GGAM Finance Ltd                                                                 | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     50000 | PA      | $50191.36     | 0.03%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ILIAD SA                                       | iliad SA                                                                         | CUSIP: 000000000<br>LEI: 969500FZ9BTRZS3JNB97 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $116159.97    | 0.07%             | 2029-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TRONOX INC                                     | Tronox Inc                                                                       | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |    105000 | PA      | $81986.10     | 0.05%             | 2029-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                               | Aretec Group Inc                                                                 | CUSIP: 040133AA8<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50000.00     | 0.03%             | 2029-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTERNATIONA                       | Weatherford International Ltd                                                    | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |    175000 | PA      | $179759.00    | 0.11%             | 2030-04-30      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                           | Pilgrim's Pride Corp                                                             | CUSIP: 72147KAK4<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104909.00    | 0.06%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                         | CUSIP: 000000000<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    100000 | PA      | $114211.57    | 0.07%             | 2031-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                       | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AQ4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61200.00     | 0.04%             | 2032-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FNC NL II                           | Teva Pharmaceutical Finance Netherlands II BV                                    | CUSIP: 000000000<br>LEI: 549300HSQCIKJAOYIT23 | Long             | DBT              | CORP              | NL        |    150000 | PA      | $175235.40    | 0.11%             | 2030-05-09      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SCHAEFFLER AG                                  | Schaeffler AG                                                                    | CUSIP: 000000000<br>LEI: 549300Q7E782X7GC1P43 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $115746.17    | 0.07%             | 2030-03-28      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                       | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAE1<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52937.50     | 0.03%             | 2030-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                            | Coinbase Global Inc                                                              | CUSIP: 19260QAC1<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |    105000 | PA      | $98831.68     | 0.06%             | 2028-10-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: —       |
| OLIN CORP                                      | Olin Corp                                                                        | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68112.30     | 0.04%             | 2033-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| SERVICE PROPERTIES TRUST                       | Service Properties Trust                                                         | CUSIP: 44106MAX0<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |     40000 | PA      | $37176.00     | 0.02%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: —       |
| ILIAD HOLDING SAS                              | Iliad Holding SASU                                                               | CUSIP: 449691AG9<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $102625.00    | 0.06%             | 2032-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                  | CommScope LLC                                                                    | CUSIP: 203372AV9<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84082.65     | 0.05%             | 2028-07-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                       | Altice France Holding SA                                                         | CUSIP: 02156TAB0<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |    150000 | PA      | $54937.50     | 0.03%             | 2027-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BRIGHTSTAR LOTTERY PLC                         | Brightstar Lottery PLC                                                           | CUSIP: 000000000<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $111969.37    | 0.07%             | 2028-04-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                       | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49875.00     | 0.03%             | 2033-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HEIMSTADEN AB                                  | Heimstaden AB                                                                    | CUSIP: 000000000<br>LEI: 549300WD2QBD89VBPV88 | Long             | DBT              | CORP              | SE        |    100000 | PA      | $118446.75    | 0.07%             | 2030-01-29      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                       | Graphic Packaging International LLC                                              | CUSIP: 38869AAE7<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70903.70     | 0.04%             | 2032-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| ARCOSA INC                                     | Arcosa Inc                                                                       | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51690.06     | 0.03%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                             | CNX Resources Corp                                                               | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46517.14     | 0.03%             | 2031-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65324.28     | 0.04%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN                         | Cogent Communications Group LLC / Cogent Finance Inc                             | CUSIP: 19240WAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $68600.00     | 0.04%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ORSTED A/S                                     | Orsted AS                                                                        | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | DBT              | CORP              | DK        |    100000 | PA      | $99097.86     | 0.06%             | 2099-12-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                        | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAT8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     50000 | PA      | $50945.41     | 0.03%             | 2032-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                       | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 03969AAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     75000 | PA      | $37282.58     | 0.02%             | 2027-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                         | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $85559.86     | 0.05%             | 2030-12-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682695AA9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     85000 | PA      | $89255.95     | 0.05%             | 2029-01-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| FORVIA SE                                      | Forvia SE                                                                        | CUSIP: 000000000<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $117192.02    | 0.07%             | 2029-06-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| LCPR SR SECURED FIN DAC                        | LCPR Senior Secured Financing DAC                                                | CUSIP: 50201DAD5<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |     75000 | PA      | $50568.75     | 0.03%             | 2029-07-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                              | Service Corp International/US                                                    | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75171.75     | 0.05%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| VERISURE HOLDING AB                            | Verisure Holding AB                                                              | CUSIP: 000000000<br>LEI: 549300VQQCWGISM3N408 | Long             | DBT              | CORP              | SE        |    100000 | PA      | $113858.49    | 0.07%             | 2026-07-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                         | Venture Global LNG Inc                                                           | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    240000 | PA      | $248158.20    | 0.15%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                   | Fibercop SpA                                                                     | CUSIP: 000000000<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $115410.08    | 0.07%             | 2032-06-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                       | Albion Financing 1 SARL / Aggreko Holdings Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    100000 | PA      | $117865.91    | 0.07%             | 2030-05-21      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SLM CORP                                       | SLM Corp                                                                         | CUSIP: 78442PGF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51918.43     | 0.03%             | 2030-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                          | Williams Scotsman Inc                                                            | CUSIP: 96950GAE2<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63929.39     | 0.04%             | 2028-08-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                   | Novelis Corp                                                                     | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    195000 | PA      | $186815.85    | 0.11%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SUPERIOR PLUS LP                               | Superior Plus LP                                                                 | CUSIP: 86828QAK7<br>LEI: 549300K5Y13GU6TPZJ49 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $35431.40     | 0.02%             | 2028-05-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAC1<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43969.87     | 0.03%             | 2031-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                              | INEOS Finance PLC                                                                | CUSIP: 44984WAJ6<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |     75000 | PA      | $74493.60     | 0.05%             | 2029-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                            | NCL Corp Ltd                                                                     | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     60000 | PA      | $63681.38     | 0.04%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I                         | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAD2<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |     75000 | PA      | $78213.20     | 0.05%             | 2032-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                            | NOVA Chemicals Corp                                                              | CUSIP: 66977WAV1<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $52410.56     | 0.03%             | 2031-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                       | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    110000 | PA      | $103812.50    | 0.06%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| HILTON DOMESTIC OPERATIN                       | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25023.75     | 0.02%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                             | Vodafone Group PLC                                                               | CUSIP: 000000000<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $188292.66    | 0.11%             | 2084-08-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                       | Olympus Water US Holding Corp                                                    | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95218.28     | 0.06%             | 2028-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VERISURE HOLDING AB                            | Verisure Holding AB                                                              | CUSIP: 000000000<br>LEI: 549300VQQCWGISM3N408 | Long             | DBT              | CORP              | SE        |    100000 | PA      | $118825.14    | 0.07%             | 2030-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                 | Bombardier Inc                                                                   | CUSIP: 097751BZ3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     85000 | PA      | $88268.25     | 0.05%             | 2029-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MUNDYS SPA                                     | Mundys SpA                                                                       | CUSIP: 000000000<br>LEI: 8156008DEC771409C487 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $119714.69    | 0.07%             | 2030-01-24      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                    | Gap Inc/The                                                                      | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |     80000 | PA      | $73812.18     | 0.04%             | 2029-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                        | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $77250.00     | 0.05%             | 2032-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| ICAHN ENTERPRISES/FIN                          | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    167000 | PA      | $162679.14    | 0.10%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                       | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $68600.00     | 0.04%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $171718.75    | 0.10%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                          | Level 3 Financing Inc                                                            | CUSIP: 527298BV4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    156643 | PA      | $177727.15    | 0.11%             | 2029-11-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                          | Bausch Health Cos Inc                                                            | CUSIP: 071734AL1<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $29818.65     | 0.02%             | 2031-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATI                       | Consolidated Communications Inc                                                  | CUSIP: 20903XAF0<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86338.75     | 0.05%             | 2028-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                              | Rakuten Group Inc                                                                | CUSIP: 75102WAB4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    110000 | PA      | $102657.84    | 0.06%             | 2031-04-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                          | Level 3 Financing Inc                                                            | CUSIP: 527298CF8<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     60000 | PA      | $52170.00     | 0.03%             | 2030-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                         | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    430000 | PA      | $434837.50    | 0.26%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                       | Liberty Mutual Group Inc                                                         | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48526.00     | 0.03%             | 2051-12-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                          | Level 3 Financing Inc                                                            | CUSIP: 527298BZ5<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    100000 | PA      | $112938.88    | 0.07%             | 2030-12-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                               | Paramount Global                                                                 | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |     80000 | PA      | $77042.40     | 0.05%             | 2057-02-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                        | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327TAC5<br>LEI: N/A                  | Long             | DBT              |  | US        |     65000 | PA      | $65975.00     | 0.04%             | 2032-06-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                       | Jefferies Finance LLC / JFIN Co-Issuer Corp                                      | CUSIP: 47232MAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $74590.79     | 0.05%             | 2031-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC                                | Global Atlantic Fin Co                                                           | CUSIP: 37959GAC1<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68198.90     | 0.04%             | 2051-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                        | Starwood Property Trust Inc                                                      | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |     50000 | PA      | $51463.75     | 0.03%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VALEO SE                                       | Valeo SE                                                                         | CUSIP: 000000000<br>LEI: 5493006IH2N2WMIBB742 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $122072.29    | 0.07%             | 2029-04-12      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                          | Belron UK Finance PLC                                                            | CUSIP: 000000000<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $117530.42    | 0.07%             | 2029-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT INC                                  | Open Text Holdings Inc                                                           | CUSIP: 683720AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $84394.73     | 0.05%             | 2030-02-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| GUALA CLOSURES S                               | Guala Closures SpA                                                               | CUSIP: 000000000<br>LEI: 81560014151D1C625F49 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $111846.35    | 0.07%             | 2028-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                       | Builders FirstSource Inc                                                         | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76968.75     | 0.05%             | 2035-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                       | Encore Capital Group Inc                                                         | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73895.94     | 0.04%             | 2029-04-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                         | Harvest Midstream I LP                                                           | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72751.64     | 0.04%             | 2032-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                  | ZF North America Capital Inc                                                     | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    150000 | PA      | $142867.50    | 0.09%             | 2030-04-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                         | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65772.20     | 0.04%             | 2029-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                       | Walgreens Boots Alliance Inc                                                     | CUSIP: 931427AS7<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72937.50     | 0.04%             | 2030-04-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91654.69     | 0.06%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp                                                                  | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75310.35     | 0.05%             | 2054-12-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                              | Herc Holdings Inc                                                                | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    170000 | PA      | $175312.50    | 0.11%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                       | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $111707.07    | 0.07%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| SERVICE CORP INTL                              | Service Corp International/US                                                    | CUSIP: 817565CE2<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74387.65     | 0.05%             | 2029-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| MEHILAINEN YHTIOT OY                           | Mehilainen Yhtiot Oy                                                             | CUSIP: 000000000<br>LEI: 2138006X78HGYRHS5865 | Long             | DBT              | CORP              | FI        |    100000 | PA      | $114799.73    | 0.07%             | 2032-06-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                            | Buckeye Partners LP                                                              | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     65000 | PA      | $67323.50     | 0.04%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FINNAIR OYJ                                    | Finnair Oyj                                                                      | CUSIP: 000000000<br>LEI: 213800SB6EOB8SSK9W63 | Long             | DBT              | CORP              | FI        |    100000 | PA      | $117449.52    | 0.07%             | 2029-05-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CD&R FIREFLY BIDCO LTD                         | CD&R Firefly Bidco PLC                                                           | CUSIP: 000000000<br>LEI: 213800OAU5VX61DYZ558 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $136556.33    | 0.08%             | 2029-04-30      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                         | CUSIP: 15089QAX2<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129920.41    | 0.08%             | 2030-11-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: —       |
| CONSTELLIUM SE                                 | Constellium SE                                                                   | CUSIP: 000000000<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $111528.37    | 0.07%             | 2029-07-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| PIKE CORP                                      | Pike Corp                                                                        | CUSIP: 721283AB5<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |     30000 | PA      | $32314.10     | 0.02%             | 2031-01-31      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| PICARD GROUPE SAS                              | Picard Groupe SAS                                                                | CUSIP: 000000000<br>LEI: 969500C0PA29TV19CT55 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $119145.31    | 0.07%             | 2029-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| METHANEX US OPERATIONS                         | Methanex US Operations Inc                                                       | CUSIP: 59151LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $74343.75     | 0.05%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| SABRE GLBL INC                                 | Sabre GLBL Inc                                                                   | CUSIP: 78573NAJ1<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |     43000 | PA      | $43683.70     | 0.03%             | 2027-06-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                          | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $73020.96     | 0.04%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| FORVIA SE                                      | Forvia SE                                                                        | CUSIP: 000000000<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $116280.21    | 0.07%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OFFICE PPTY INCOME TRST                        | Office Properties Income Trust                                                   | CUSIP: 67623CAM1<br>LEI: N/A                  | Long             | DBT              |  | US        |     47925 | PA      | $39418.32     | 0.02%             | 2027-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW CAN INFRA HOLD                       | South Bow Canadian Infrastructure Holdings Ltd                                   | CUSIP: 836720AF9<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $51625.00     | 0.03%             | 2055-03-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                            | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |    100000 | PA      | $112873.20    | 0.07%             | 2027-01-06      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                 | Bombardier Inc                                                                   | CUSIP: 097751CA7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $107629.75    | 0.07%             | 2030-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MUNDYS SPA                                     | Mundys SpA                                                                       | CUSIP: 000000000<br>LEI: 8156008DEC771409C487 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $112411.14    | 0.07%             | 2027-07-13      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                 | CVR Energy Inc                                                                   | CUSIP: 12662PAF5<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73687.50     | 0.04%             | 2029-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| RCI BANQUE SA                                  | RCI Banque SA                                                                    | CUSIP: 000000000<br>LEI: 96950001WI712W7PQG45 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $119050.29    | 0.07%             | 2034-10-09      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP                          | Encompass Health Corp                                                            | CUSIP: 29261AAB6<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78119.26     | 0.05%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ELO SACA                                       | ELO SACA                                                                         | CUSIP: 000000000<br>LEI: 969500ASEC557H5A4F22 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $118838.70    | 0.07%             | 2029-03-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HERENS MIDCO SARL                              | Herens Midco Sarl                                                                | CUSIP: 000000000<br>LEI: 222100BJH5XPZD1JHF79 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $80545.13     | 0.05%             | 2029-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CNT PRNT/CDK GLO II/FIN                        | Central Parent LLC / CDK Global II LLC / CDK Financing Co Inc                    | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $75413.25     | 0.05%             | 2029-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                         | Delek Logistics Partners LP / Delek Logistics Finance Corp                       | CUSIP: 24665FAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50241.53     | 0.03%             | 2028-06-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CHOBANI LLC/FINANCE CORP                       | Chobani LLC / Chobani Finance Corp Inc                                           | CUSIP: 17027NAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $49068.33     | 0.03%             | 2028-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AG ISSUER LLC                                  | AG Issuer LLC                                                                    | CUSIP: 00119LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $64998.04     | 0.04%             | 2028-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GRUENENTHAL GMBH                               | Gruenenthal GmbH                                                                 | CUSIP: 000000000<br>LEI: 529900SH895E31PGLA72 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $120428.83    | 0.07%             | 2030-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                                 | Ryan Specialty LLC                                                               | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135361.80    | 0.08%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AFFLELOU SAS                                   | Afflelou SAS                                                                     | CUSIP: 000000000<br>LEI: 969500I7CS80FNB7CZ43 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $119308.75    | 0.07%             | 2029-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                         | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAQ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50025.96     | 0.03%             | 2027-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                            | Go Daddy Operating Co LLC / GD Finance Co Inc                                    | CUSIP: 38016LAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $89047.87     | 0.05%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD/RWLV CAP                         | Resorts World Las Vegas LLC / RWLV Capital Inc                                   | CUSIP: 76120HAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $89057.81     | 0.05%             | 2029-04-16      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO                       | Jaguar Land Rover Automotive PLC                                                 | CUSIP: 000000000<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $119037.06    | 0.07%             | 2026-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                           | Chart Industries Inc                                                             | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    164000 | PA      | $171790.00    | 0.10%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                        | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $75734.62     | 0.05%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                          | Civitas Resources Inc                                                            | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    155000 | PA      | $156737.49    | 0.10%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                    | Staples Inc                                                                      | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    250000 | PA      | $234375.00    | 0.14%             | 2029-09-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                  | EchoStar Corp                                                                    | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    259281 | PA      | $245992.85    | 0.15%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| TVL FINANCE PLC                                | TVL Finance PLC                                                                  | CUSIP: 000000000<br>LEI: 549300DUQXE7VXG8YA50 | Long             | DBT              | CORP              | JE        |    100000 | PA      | $130980.36    | 0.08%             | 2028-04-28      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| SUNRISE FINCO I BV                             | Sunrise FinCo I BV                                                               | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |    150000 | PA      | $141382.10    | 0.09%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                           | WR Grace Holdings LLC                                                            | CUSIP: 92943GAD3<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79552.39     | 0.05%             | 2027-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| TEREX CORP                                     | Terex Corp                                                                       | CUSIP: 880779BA0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73218.75     | 0.04%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |

### Signature

**Date Signed:** 2025-08-29

**Name of Applicant:** iShares, Inc.

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer