# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001410368-25-010278
**Filing Date:** 2025-9
**Character Count:** 121680
**Document Hash:** 898e7a5fb3c3556b49b0b47b27369d1a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-010278.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-010278

**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 TRUST
- **CENTRAL INDEX KEY:** 0001100663

**ORGANIZATION NAME:**
- **EIN:** 943351276
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09729
- **FILM NUMBER:** 251338766

**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 TRUST
- **DATE OF NAME CHANGE:** 19991213

## Series and Classes Contracts Data

### iShares iBonds Dec 2025 Term Corporate ETF (Series ID: S000048153)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000152180 | iShares iBonds Dec 2025 Term Corporate ETF | IBDQ            |

## Nport-Ex

Schedule of Investments (unaudited)

July 31, 2025

**iShares® iBonds® Dec 2025 Term Corporate 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** |
| **Aerospace & Defense — 1.3%** | **Aerospace & Defense — 1.3%** | **Aerospace & Defense — 1.3%** |
| Boeing Co. (The), 2.60%, 10/30/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $4481 | $4455128 |
| &nbsp;&nbsp;&nbsp; GE Capital International Funding Co. Unlimited <br> Co., 3.37%, 11/15/25<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 4774 | 4752654 |
| Lockheed Martin Corp., 4.95%, 10/15/25 | &nbsp;&nbsp;&nbsp; 7979 | 7983655 |
| RTX Corp., 3.95%, 08/16/25 | &nbsp;&nbsp;&nbsp; 19706 | 19696758 |
|  |  | 36888195 |
| **Agriculture — 1.0%** | **Agriculture — 1.0%** | **Agriculture — 1.0%** |
| Bunge Ltd. Finance Corp., 1.63%, 08/17/25 | &nbsp;&nbsp;&nbsp; 8297 | 8281290 |
| Philip Morris International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 08/11/25 | &nbsp;&nbsp;&nbsp; 10163 | 10155571 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/17/25 | &nbsp;&nbsp;&nbsp; 10814 | 10817273 |
|  |  | 29254134 |
| **Airlines — 0.1%** | **Airlines — 0.1%** | **Airlines — 0.1%** |
| &nbsp;&nbsp;&nbsp; United Airlines Pass-Through Trust, Series 2013-1, <br> Class A, 4.30%, 02/15/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 3365 | 3362952 |
| **Apparel — 0.2%** | **Apparel — 0.2%** | **Apparel — 0.2%** |
| Ralph Lauren Corp., 3.75%, 09/15/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6000 | 5989690 |
| **Auto Manufacturers — 5.8%** | **Auto Manufacturers — 5.8%** | **Auto Manufacturers — 5.8%** |
| American Honda Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.00%, 09/10/25 | &nbsp;&nbsp;&nbsp; 10391 | 10348525 |
| &nbsp;&nbsp;&nbsp; 5.80%, 10/03/25 | &nbsp;&nbsp;&nbsp; 13303 | 13326035 |
| Cummins Inc., 0.75%, 09/01/25 | &nbsp;&nbsp;&nbsp; 7240 | 7219000 |
| Ford Motor Credit Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 11/13/25 | &nbsp;&nbsp;&nbsp; 29381 | 29211692 |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/04/25 | &nbsp;&nbsp;&nbsp; 18902 | 18902000 |
| General Motors Co., 6.13%, 10/01/25 | &nbsp;&nbsp;&nbsp; 17467 | 17485297 |
| &nbsp;&nbsp;&nbsp; General Motors Financial Co. Inc., 6.05%, <br> 10/10/25<br>| &nbsp;&nbsp;&nbsp; 17269 | 17304609 |
| PACCAR Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.55%, 08/11/25 | &nbsp;&nbsp;&nbsp; 8520 | 8517671 |
| &nbsp;&nbsp;&nbsp; 4.95%, 10/03/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4898 | 4899557 |
| Toyota Motor Credit Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 0.80%, 10/16/25 | &nbsp;&nbsp;&nbsp; 13917 | 13807601 |
| &nbsp;&nbsp;&nbsp; 3.65%, 08/18/25 | &nbsp;&nbsp;&nbsp; 10343 | 10336696 |
| &nbsp;&nbsp;&nbsp; 5.40%, 11/10/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10361 | 10381786 |
| &nbsp;&nbsp;&nbsp; 5.60%, 09/11/25 | &nbsp;&nbsp;&nbsp; 8435 | 8442965 |
|  |  | 170183434 |
| **Auto Parts & Equipment — 0.3%** | **Auto Parts & Equipment — 0.3%** | **Auto Parts & Equipment — 0.3%** |
| Magna International Inc., 4.15%, 10/01/25 | &nbsp;&nbsp;&nbsp; 9425 | 9411942 |
| **Banks — 17.5%** | **Banks — 17.5%** | **Banks — 17.5%** |
| Australia & New Zealand Banking Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 11/16/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 9715 | 9690826 |
| &nbsp;&nbsp;&nbsp; 5.09%, 12/08/25 | &nbsp;&nbsp;&nbsp; 15624 | 15652044 |
| &nbsp;&nbsp;&nbsp; Australia & New Zealand Banking Group Ltd./New <br> York, 5.67%, 10/03/25<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 12720 | 12742274 |
| &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA, 1.13%, <br> 09/18/25<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 10395 | 10344383 |
| Banco Santander SA |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 08/18/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 9679 | 9680579 |
| &nbsp;&nbsp;&nbsp; 5.18%, 11/19/25 | &nbsp;&nbsp;&nbsp; 19405 | 19426919 |
| Bank of America Corp., 3.88%, 08/01/25 | &nbsp;&nbsp;&nbsp; 22347 | 22347000 |
| Bank of Montreal, 5.92%, 09/25/25 | &nbsp;&nbsp;&nbsp; 15231 | 15256060 |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp. (The), 3.95%, <br> 11/18/25<br>| &nbsp;&nbsp;&nbsp; 5414 | 5401889 |
| BankUnited Inc., 4.88%, 11/17/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3817 | 3812936 |
| Canadian Imperial Bank of Commerce |  |  |
| &nbsp;&nbsp;&nbsp; 0.95%, 10/23/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6880 | 6821707 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp;&nbsp; 3.95%, 08/04/25 | &nbsp;&nbsp;&nbsp; $16937 | $16937000 |
| Citibank NA, 5.86%, 09/29/25 | &nbsp;&nbsp;&nbsp; 16135 | 16146922 |
| Citigroup Inc., 5.50%, 09/13/25 | &nbsp;&nbsp;&nbsp; 17932 | 17936181 |
| Citizens Financial Group Inc., 4.30%, 12/03/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4625 | 4613957 |
| &nbsp;&nbsp;&nbsp; Commonwealth Bank of Australia/New York, <br> 5.50%, 09/12/25<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 11403 | 11413777 |
| Cooperatieve Rabobank UA, 4.38%, 08/04/25 | &nbsp;&nbsp;&nbsp; 18480 | 18480000 |
| FNB Corp., 5.15%, 08/25/25 | &nbsp;&nbsp;&nbsp; 4685 | 4681530 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc. (The), 4.25%, <br> 10/21/25<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 25260 | 25226248 |
| HSBC Holdings PLC, 4.25%, 08/18/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 12610 | 12603372 |
| KeyBank NA/Cleveland OH, 4.15%, 08/08/25 | &nbsp;&nbsp;&nbsp; 15406 | 15403457 |
| KeyCorp, 4.15%, 10/29/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6970 | 6957690 |
| Lloyds Banking Group PLC, 4.58%, 12/10/25 | &nbsp;&nbsp;&nbsp; 17090 | 17077819 |
| &nbsp;&nbsp;&nbsp; Manufacturers & Traders Trust Co., 5.40%, <br> 11/21/25<br>| &nbsp;&nbsp;&nbsp; 6604 | 6612947 |
| Morgan Stanley, 5.00%, 11/24/25 | &nbsp;&nbsp;&nbsp; 25973 | 25975672 |
| &nbsp;&nbsp;&nbsp; National Australia Bank Ltd./New York, 4.75%, <br> 12/10/25<br>| &nbsp;&nbsp;&nbsp; 12961 | 12969001 |
| Northern Trust Corp., 3.95%, 10/30/25 | &nbsp;&nbsp;&nbsp; 9795 | 9767603 |
| PNC Bank NA, 4.20%, 11/01/25 | &nbsp;&nbsp;&nbsp; 6914 | 6907487 |
| State Street Corp., 3.55%, 08/18/25 | &nbsp;&nbsp;&nbsp; 16220 | 16210430 |
| Synchrony Bank, 5.40%, 08/22/25 | &nbsp;&nbsp;&nbsp; 11230 | 11226926 |
| Synovus Financial Corp., 5.20%, 08/11/25 | &nbsp;&nbsp;&nbsp; 4813 | 4811139 |
| Toronto-Dominion Bank (The), 0.75%, 09/11/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 12670 | 12610875 |
| Truist Bank |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 09/16/25 | &nbsp;&nbsp;&nbsp; 15575 | 15543164 |
| &nbsp;&nbsp;&nbsp; 4.05%, 11/03/25 | &nbsp;&nbsp;&nbsp; 6728 | 6715626 |
| Truist Financial Corp., 1.20%, 08/05/25 | &nbsp;&nbsp;&nbsp; 9672 | 9672000 |
| U.S. Bancorp, 3.95%, 11/17/25 | &nbsp;&nbsp;&nbsp; 9766 | 9741572 |
| UBS AG/London, 5.80%, 09/11/25 | &nbsp;&nbsp;&nbsp; 12455 | 12469966 |
| Wells Fargo & Co., 3.55%, 09/29/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 31115 | 31050153 |
| Westpac Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.74%, 08/26/25 | &nbsp;&nbsp;&nbsp; 9055 | 9049045 |
| &nbsp;&nbsp;&nbsp; 5.51%, 11/17/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 12891 | 12926424 |
|  |  | 512914600 |
| **Beverages — 1.7%** | **Beverages — 1.7%** | **Beverages — 1.7%** |
| Coca-Cola Consolidated Inc., 3.80%, 11/25/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6086 | 6063803 |
| Constellation Brands Inc., 4.40%, 11/15/25 | &nbsp;&nbsp;&nbsp; 7302 | 7293508 |
| Diageo Capital PLC |  |  |
| &nbsp;&nbsp;&nbsp; 1.38%, 09/29/25 | &nbsp;&nbsp;&nbsp; 10379 | 10321033 |
| &nbsp;&nbsp;&nbsp; 5.20%, 10/24/25 | &nbsp;&nbsp;&nbsp; 7466 | 7471374 |
| Keurig Dr Pepper Inc., 3.40%, 11/15/25 | &nbsp;&nbsp;&nbsp; 7445 | 7413040 |
| PepsiCo Inc., 5.25%, 11/10/25 | &nbsp;&nbsp;&nbsp; 11333 | 11354001 |
|  |  | 49916759 |
| **Biotechnology — 0.7%** | **Biotechnology — 0.7%** | **Biotechnology — 0.7%** |
| Illumina Inc., 5.80%, 12/12/25 | &nbsp;&nbsp;&nbsp; 7661 | 7680460 |
| Royalty Pharma PLC, 1.20%, 09/02/25 | &nbsp;&nbsp;&nbsp; 13323 | 13270669 |
|  |  | 20951129 |
| **Building Materials — 0.1%** | **Building Materials — 0.1%** | **Building Materials — 0.1%** |
| Lennox International Inc., 1.35%, 08/01/25 | &nbsp;&nbsp;&nbsp; 4572 | 4572000 |
| **Chemicals — 2.2%** | **Chemicals — 2.2%** | **Chemicals — 2.2%** |
| Air Products and Chemicals Inc., 1.50%, 10/15/25 | &nbsp;&nbsp;&nbsp; 8163 | 8112459 |
| DuPont de Nemours Inc., 4.49%, 11/15/25 | &nbsp;&nbsp;&nbsp; 27198 | 27144718 |
| &nbsp;&nbsp;&nbsp; LYB International Finance III LLC, 1.25%, <br> 10/01/25<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 8465 | 8405861 |
| Nutrien Ltd., 5.95%, 11/07/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7559 | 7576493 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® iBonds® Dec 2025 Term Corporate ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| Sherwin-Williams Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 3.45%, 08/01/25 | &nbsp;&nbsp;&nbsp; $6215 | $6215000 |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/08/25 | &nbsp;&nbsp;&nbsp; 6326 | 6325358 |
|  |  | 63779889 |
| **Commercial Services — 0.4%** | **Commercial Services — 0.4%** | **Commercial Services — 0.4%** |
| Block Financial LLC, 5.25%, 10/01/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5521 | 5519667 |
| Equifax Inc., 2.60%, 12/15/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6194 | 6144189 |
|  |  | 11663856 |
| **Computers — 2.1%** | **Computers — 2.1%** | **Computers — 2.1%** |
| Apple Inc., 0.55%, 08/20/25 | &nbsp;&nbsp;&nbsp; 16160 | 16121380 |
| Hewlett Packard Enterprise Co., 4.90%, 10/15/25 | &nbsp;&nbsp;&nbsp; 35218 | 35209983 |
| &nbsp;&nbsp;&nbsp; International Business Machines Corp., 7.00%, <br> 10/30/25<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 9425 | 9473741 |
|  |  | 60805104 |
| **Cosmetics & Personal Care — 0.7%** | **Cosmetics & Personal Care — 0.7%** | **Cosmetics & Personal Care — 0.7%** |
| Colgate-Palmolive Co., 3.10%, 08/15/25 | &nbsp;&nbsp;&nbsp; 6810 | 6802811 |
| Procter & Gamble Co. (The), 0.55%, 10/29/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 14534 | 14392933 |
|  |  | 21195744 |
| **Diversified Financial Services — 4.0%** | **Diversified Financial Services — 4.0%** | **Diversified Financial Services — 4.0%** |
| &nbsp;&nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust, 4.45%, 10/01/25<br>| &nbsp;&nbsp;&nbsp; 9311 | 9307362 |
| Affiliated Managers Group Inc., 3.50%, 08/01/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4840 | 4840000 |
| American Express Co., 4.20%, 11/06/25 | &nbsp;&nbsp;&nbsp; 9665 | 9648039 |
| Capital One Financial Corp., 4.20%, 10/29/25 | &nbsp;&nbsp;&nbsp; 19045 | 19004248 |
| Intercontinental Exchange Inc., 3.75%, 12/01/25 | &nbsp;&nbsp;&nbsp; 18730 | 18670433 |
| Visa Inc., 3.15%, 12/14/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 56246 | 55966670 |
|  |  | 117436752 |
| **Electric — 6.9%** | **Electric — 6.9%** | **Electric — 6.9%** |
| American Electric Power Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 08/15/25 | &nbsp;&nbsp;&nbsp; 11546 | 11542958 |
| &nbsp;&nbsp;&nbsp; Series N, 1.00%, 11/01/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7029 | 6960286 |
| &nbsp;&nbsp;&nbsp; Connecticut Light and Power Co. (The), Series A, <br> 0.75%, 12/01/25<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 6417 | 6334571 |
| Dominion Energy Inc., 3.90%, 10/01/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10638 | 10622926 |
| Duke Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 0.90%, 09/15/25 | &nbsp;&nbsp;&nbsp; 9246 | 9201127 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/08/25 | &nbsp;&nbsp;&nbsp; 7827 | 7833902 |
| Duke Energy Progress LLC, 3.25%, 08/15/25 | &nbsp;&nbsp;&nbsp; 6928 | 6923869 |
| Edison International, 4.70%, 08/15/25 | &nbsp;&nbsp;&nbsp; 6679 | 6676554 |
| Entergy Corp., 0.90%, 09/15/25 | &nbsp;&nbsp;&nbsp; 11272 | 11216900 |
| Evergy Metro Inc., 3.65%, 08/15/25 | &nbsp;&nbsp;&nbsp; 5089 | 5087485 |
| Eversource Energy, Series Q, 0.80%, 08/15/25 | &nbsp;&nbsp;&nbsp; 5084 | 5076075 |
| Florida Power & Light Co., 3.13%, 12/01/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8769 | 8725011 |
| &nbsp;&nbsp;&nbsp; Louisville Gas & Electric Co., Series 25, 3.30%, <br> 10/01/25<br>| &nbsp;&nbsp;&nbsp; 4640 | 4627877 |
| National Rural Utilities Cooperative Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 11/01/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6508 | 6484568 |
| &nbsp;&nbsp;&nbsp; 5.45%, 10/30/25 | &nbsp;&nbsp;&nbsp; 7654 | 7669432 |
| &nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings Inc., 5.75%, <br> 09/01/25<br>| &nbsp;&nbsp;&nbsp; 26802 | 26811693 |
| Oncor Electric Delivery Co. LLC, 0.55%, 10/01/25 | &nbsp;&nbsp;&nbsp; 7095 | 7046000 |
| PECO Energy Co., 3.15%, 10/15/25 | &nbsp;&nbsp;&nbsp; 5405 | 5392500 |
| &nbsp;&nbsp;&nbsp; Public Service Enterprise Group Inc., 0.80%, <br> 08/15/25<br>| &nbsp;&nbsp;&nbsp; 8185 | 8170401 |
| &nbsp;&nbsp;&nbsp; Southern California Edison Co., Series E, 3.70%, <br> 08/01/25<br>| &nbsp;&nbsp;&nbsp; 12171 | 12171000 |
| Southern Co. (The), 5.15%, 10/06/25 | &nbsp;&nbsp;&nbsp; 7568 | 7570197 |
| Southern Power Co., 4.15%, 12/01/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7893 | 7877522 |
| WEC Energy Group Inc., 5.00%, 09/27/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7434 | 7434959 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Wisconsin Public Service Corp., 5.35%, 11/10/25 | &nbsp;&nbsp;&nbsp; $4661 | $4663519 |
|  |  | 202121332 |
| **Environmental Control — 0.4%** | **Environmental Control — 0.4%** | **Environmental Control — 0.4%** |
| Republic Services Inc., 0.88%, 11/15/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5846 | 5781860 |
| Waste Management Inc., 0.75%, 11/15/25 | &nbsp;&nbsp;&nbsp; 7475 | 7398342 |
|  |  | 13180202 |
| **Food — 1.8%** | **Food — 1.8%** | **Food — 1.8%** |
| Conagra Brands Inc., 4.60%, 11/01/25 | &nbsp;&nbsp;&nbsp; 13603 | 13586450 |
| Hershey Co. (The), 3.20%, 08/21/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4385 | 4378506 |
| Sysco Corp., 3.75%, 10/01/25 | &nbsp;&nbsp;&nbsp; 10666 | 10645745 |
| Walmart Inc., 3.90%, 09/09/25 | &nbsp;&nbsp;&nbsp; 23553 | 23528518 |
|  |  | 52139219 |
| **Gas — 0.5%** | **Gas — 0.5%** | **Gas — 0.5%** |
| NiSource Inc., 0.95%, 08/15/25 | &nbsp;&nbsp;&nbsp; 16117 | 16092545 |
| **Health Care - Products — 1.5%** | **Health Care - Products — 1.5%** | **Health Care - Products — 1.5%** |
| Abbott Laboratories, 3.88%, 09/15/25 | &nbsp;&nbsp;&nbsp; 7018 | 7007544 |
| Danaher Corp., 3.35%, 09/15/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7076 | 7060511 |
| &nbsp;&nbsp;&nbsp; GE HealthCare Technologies Inc., 5.60%, <br> 11/15/25<br>| &nbsp;&nbsp;&nbsp; 20507 | 20540904 |
| Stryker Corp., 3.38%, 11/01/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10640 | 10603632 |
|  |  | 45212591 |
| **Health Care - Services — 1.8%** | **Health Care - Services — 1.8%** | **Health Care - Services — 1.8%** |
| Cigna Group (The), 4.13%, 11/15/25 | &nbsp;&nbsp;&nbsp; 16846 | 16807297 |
| CommonSpirit Health, 1.55%, 10/01/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4163 | 4138025 |
| Elevance Health Inc., 5.35%, 10/15/25 | &nbsp;&nbsp;&nbsp; 6100 | 6101784 |
| &nbsp;&nbsp;&nbsp; PeaceHealth Obligated Group, Series 2020, <br> 1.38%, 11/15/25<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 5340 | 5283712 |
| Sutter Health, Series 20A, 1.32%, 08/15/25 | &nbsp;&nbsp;&nbsp; 3695 | 3679843 |
| UnitedHealth Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 12/15/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5728 | 5706339 |
| &nbsp;&nbsp;&nbsp; 5.15%, 10/15/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10292 | 10294292 |
|  |  | 52011292 |
| **Holding Companies - Diversified — 0.4%** | **Holding Companies - Diversified — 0.4%** | **Holding Companies - Diversified — 0.4%** |
| Blackstone Private Credit Fund, 7.05%, 09/29/25 | &nbsp;&nbsp;&nbsp; 10862 | 10892608 |
| **Home Builders — 0.3%** | **Home Builders — 0.3%** | **Home Builders — 0.3%** |
| DR Horton Inc., 2.60%, 10/15/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7615 | 7583775 |
| **Household Products & Wares — 0.2%** | **Household Products & Wares — 0.2%** | **Household Products & Wares — 0.2%** |
| Kimberly-Clark Corp., 3.05%, 08/15/25 | &nbsp;&nbsp;&nbsp; 5145 | 5141548 |
| **Insurance — 0.9%** | **Insurance — 0.9%** | **Insurance — 0.9%** |
| Allstate Corp. (The), 0.75%, 12/15/25 | &nbsp;&nbsp;&nbsp; 9339 | 9200200 |
| Aon Global Ltd., 3.88%, 12/15/25 | &nbsp;&nbsp;&nbsp; 10843 | 10802256 |
| MetLife Inc., 3.60%, 11/13/25 | &nbsp;&nbsp;&nbsp; 7725 | 7703522 |
|  |  | 27705978 |
| **Internet — 1.8%** | **Internet — 1.8%** | **Internet — 1.8%** |
| Alphabet Inc., 0.45%, 08/15/25 | &nbsp;&nbsp;&nbsp; 13140 | 13110905 |
| Amazon.com Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 12/01/25 | &nbsp;&nbsp;&nbsp; 17255 | 17254324 |
| &nbsp;&nbsp;&nbsp; 5.20%, 12/03/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 9508 | 9517241 |
| eBay Inc., 5.90%, 11/22/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7505 | 7523085 |
| &nbsp;&nbsp;&nbsp; Tencent Music Entertainment Group, 1.38%, <br> 09/03/25<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 4595 | 4581368 |
|  |  | 51986923 |
| **Iron & Steel — 0.2%** | **Iron & Steel — 0.2%** | **Iron & Steel — 0.2%** |
| Reliance Inc., 1.30%, 08/15/25 | &nbsp;&nbsp;&nbsp; 6022 | 6013154 |
| **Lodging — 0.2%** | **Lodging — 0.2%** | **Lodging — 0.2%** |
| Marriott International Inc./MD, 3.75%, 10/01/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6172 | 6156554 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® iBonds® Dec 2025 Term Corporate ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery — 2.3%** | **Machinery — 2.3%** | **Machinery — 2.3%** |
| Caterpillar Financial Services Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 0.80%, 11/13/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $13625 | $13482353 |
| &nbsp;&nbsp;&nbsp; 3.65%, 08/12/25 | &nbsp;&nbsp;&nbsp; 10909 | 10905858 |
| &nbsp;&nbsp;&nbsp; 5.15%, 08/11/25 | &nbsp;&nbsp;&nbsp; 10753 | 10754530 |
| CNH Industrial Capital LLC, 5.45%, 10/14/25 | &nbsp;&nbsp;&nbsp; 6307 | 6314813 |
| Dover Corp., 3.15%, 11/15/25 | &nbsp;&nbsp;&nbsp; 6255 | 6223773 |
| John Deere Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.40%, 09/11/25 | &nbsp;&nbsp;&nbsp; 5005 | 4998421 |
| &nbsp;&nbsp;&nbsp; 4.05%, 09/08/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10276 | 10270311 |
| &nbsp;&nbsp;&nbsp; 5.30%, 09/08/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5403 | 5406776 |
|  |  | 68356835 |
| **Manufacturing — 0.3%** | **Manufacturing — 0.3%** | **Manufacturing — 0.3%** |
| 3M Co., 3.00%, 08/07/25 | &nbsp;&nbsp;&nbsp; 7544 | 7541064 |
| **Media — 1.8%** | **Media — 1.8%** | **Media — 1.8%** |
| Comcast Corp., 3.95%, 10/15/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 35725 | 35649588 |
| TWDC Enterprises 18 Corp., 3.15%, 09/17/25 | &nbsp;&nbsp;&nbsp; 10260 | 10233659 |
| Walt Disney Co. (The), 3.70%, 10/15/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8421 | 8403947 |
|  |  | 54287194 |
| **Oil & Gas — 1.5%** | **Oil & Gas — 1.5%** | **Oil & Gas — 1.5%** |
| BP Capital Markets America Inc., 3.80%, 09/21/25 | &nbsp;&nbsp;&nbsp; 13664 | 13647204 |
| Chevron Corp., 3.33%, 11/17/25 | &nbsp;&nbsp;&nbsp; 11404 | 11364229 |
| Chevron USA Inc., 0.69%, 08/12/25 | &nbsp;&nbsp;&nbsp; 9992 | 9980175 |
| Devon Energy Corp., 5.85%, 12/15/25 | &nbsp;&nbsp;&nbsp; 8060 | 8069836 |
|  |  | 43061444 |
| **Oil & Gas Services — 0.4%** | **Oil & Gas Services — 0.4%** | **Oil & Gas Services — 0.4%** |
| Halliburton Co., 3.80%, 11/15/25 | &nbsp;&nbsp;&nbsp; 6105 | 6085064 |
| &nbsp;&nbsp;&nbsp; Schlumberger Finance Canada Ltd., 1.40%, <br> 09/17/25<br>| &nbsp;&nbsp;&nbsp; 7137 | 7105067 |
|  |  | 13190131 |
| **Pharmaceuticals — 4.2%** | **Pharmaceuticals — 4.2%** | **Pharmaceuticals — 4.2%** |
| AstraZeneca PLC, 3.38%, 11/16/25 | &nbsp;&nbsp;&nbsp; 27374 | 27274462 |
| Bristol-Myers Squibb Co., 0.75%, 11/13/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 13785 | 13634543 |
| Cardinal Health Inc., 3.75%, 09/15/25 | &nbsp;&nbsp;&nbsp; 7190 | 7181290 |
| Johnson & Johnson, 0.55%, 09/01/25 | &nbsp;&nbsp;&nbsp; 13319 | 13269199 |
| McKesson Corp., 0.90%, 12/03/25 | &nbsp;&nbsp;&nbsp; 8139 | 8034460 |
| Mead Johnson Nutrition Co., 4.13%, 11/15/25 | &nbsp;&nbsp;&nbsp; 10670 | 10654909 |
| Novartis Capital Corp., 3.00%, 11/20/25 | &nbsp;&nbsp;&nbsp; 23688 | 23580682 |
| Zoetis Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 11/13/25 | &nbsp;&nbsp;&nbsp; 10624 | 10605715 |
| &nbsp;&nbsp;&nbsp; 5.40%, 11/14/25 | &nbsp;&nbsp;&nbsp; 8652 | 8658483 |
|  |  | 122893743 |
| **Pipelines — 1.3%** | **Pipelines — 1.3%** | **Pipelines — 1.3%** |
| Energy Transfer LP, 5.95%, 12/01/25 | &nbsp;&nbsp;&nbsp; 7548 | 7552685 |
| ONEOK Inc., 2.20%, 09/15/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5840 | 5820445 |
| &nbsp;&nbsp;&nbsp; Plains All American Pipeline LP/PAA Finance <br> Corp., 4.65%, 10/15/25<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 13611 | 13600513 |
| Williams Companies Inc. (The), 4.00%, 09/15/25 | &nbsp;&nbsp;&nbsp; 10302 | 10291059 |
|  |  | 37264702 |
| **Real Estate Investment Trusts — 2.2%** | **Real Estate Investment Trusts — 2.2%** | **Real Estate Investment Trusts — 2.2%** |
| American Tower Corp., 1.30%, 09/15/25 | &nbsp;&nbsp;&nbsp; 7371 | 7336603 |
| AvalonBay Communities Inc., 3.50%, 11/15/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4810 | 4790910 |
| CubeSmart LP, 4.00%, 11/15/25 | &nbsp;&nbsp;&nbsp; 4649 | 4632777 |
| Equinix Inc., 1.00%, 09/15/25 | &nbsp;&nbsp;&nbsp; 9640 | 9591310 |
| Kilroy Realty LP, 4.38%, 10/01/25 | &nbsp;&nbsp;&nbsp; 6178 | 6170248 |
| Mid-America Apartments LP, 4.00%, 11/15/25 | &nbsp;&nbsp;&nbsp; 6128 | 6111890 |
| NNN REIT Inc., 4.00%, 11/15/25 | &nbsp;&nbsp;&nbsp; 6218 | 6201586 |
| Realty Income Corp., 4.63%, 11/01/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8033 | 8025527 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Simon Property Group LP, 3.50%, 09/01/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $13277 | $13261087 |
|  |  | 66121938 |
| **Retail — 2.6%** | **Retail — 2.6%** | **Retail — 2.6%** |
| AutoNation Inc., 4.50%, 10/01/25 | &nbsp;&nbsp;&nbsp; 6447 | 6435981 |
| Home Depot Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 3.35%, 09/15/25 | &nbsp;&nbsp;&nbsp; 13534 | 13506982 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/15/25 | &nbsp;&nbsp;&nbsp; 10465 | 10457082 |
| Lowe's Companies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 09/15/25 | &nbsp;&nbsp;&nbsp; 10470 | 10447187 |
| &nbsp;&nbsp;&nbsp; 4.40%, 09/08/25 | &nbsp;&nbsp;&nbsp; 13206 | 13200693 |
| McDonald's Corp., 1.45%, 09/01/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7154 | 7133316 |
| Starbucks Corp., 3.80%, 08/15/25 | &nbsp;&nbsp;&nbsp; 16307 | 16294381 |
|  |  | 77475622 |
| **Semiconductors — 1.3%** | **Semiconductors — 1.3%** | **Semiconductors — 1.3%** |
| Applied Materials Inc., 3.90%, 10/01/25 | &nbsp;&nbsp;&nbsp; 9970 | 9952543 |
| Broadcom Inc., 3.15%, 11/15/25 | &nbsp;&nbsp;&nbsp; 12561 | 12500160 |
| Microchip Technology Inc., 4.25%, 09/01/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 15684 | 15672340 |
|  |  | 38125043 |
| **Software — 2.4%** | **Software — 2.4%** | **Software — 2.4%** |
| Microsoft Corp., 3.13%, 11/03/25 | &nbsp;&nbsp;&nbsp; 41157 | 41015162 |
| Oracle Corp., 5.80%, 11/10/25 | &nbsp;&nbsp;&nbsp; 13857 | 13898028 |
| Roper Technologies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.00%, 09/15/25 | &nbsp;&nbsp;&nbsp; 9682 | 9636362 |
| &nbsp;&nbsp;&nbsp; 3.85%, 12/15/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4690 | 4678510 |
|  |  | 69228062 |
| **Telecommunications — 1.1%** | **Telecommunications — 1.1%** | **Telecommunications — 1.1%** |
| Juniper Networks Inc., 1.20%, 12/10/25 | &nbsp;&nbsp;&nbsp; 6730 | 6641902 |
| KT Corp., 4.00%, 08/08/25<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 5925 | 5924060 |
| Rogers Communications Inc., 3.63%, 12/15/25 | &nbsp;&nbsp;&nbsp; 8625 | 8585138 |
| Verizon Communications Inc., 0.85%, 11/20/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10025 | 9908316 |
|  |  | 31059416 |
| **Transportation — 1.3%** | **Transportation — 1.3%** | **Transportation — 1.3%** |
| Burlington Northern Santa Fe LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.65%, 09/01/25 | &nbsp;&nbsp;&nbsp; 5639 | 5633315 |
| &nbsp;&nbsp;&nbsp; 7.00%, 12/15/25 | &nbsp;&nbsp;&nbsp; 5411 | 5462233 |
| CSX Corp., 3.35%, 11/01/25 | &nbsp;&nbsp;&nbsp; 8835 | 8805388 |
| Norfolk Southern Corp., 3.65%, 08/01/25 | &nbsp;&nbsp;&nbsp; 4318 | 4318000 |
| Ryder System Inc., 3.35%, 09/01/25<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5928 | 5920587 |
| Union Pacific Corp., 3.25%, 08/15/25 | &nbsp;&nbsp;&nbsp; 7081 | 7076557 |
|  |  | 37216080 |
| **Total Long-Term Investments — 77.7%** <br>**(Cost: $2,282,560,261)** | **Total Long-Term Investments — 77.7%** <br>**(Cost: $2,282,560,261)** | 2280385175 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 23.5%** | **Money Market Funds — 23.5%** | **Money Market Funds — 23.5%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 4.44%<sup>(c)(d)(e)</sup><br>| &nbsp;&nbsp;&nbsp; 62377600 | 62402551 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® iBonds® Dec 2025 Term Corporate ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Money Market Funds (continued)** | **Money Market Funds (continued)** | **Money Market Funds (continued)** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 4.30%<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 627520000 | $627520000 |
| **Total Short-Term Securities — 23.5%** <br>**(Cost: $689,871,240)** | **Total Short-Term Securities — 23.5%** <br>**(Cost: $689,871,240)** | 689922551 |
| **Total Investments — 101.2%** <br>**(Cost: $2,972,431,501)** | **Total Investments — 101.2%** <br>**(Cost: $2,972,431,501)** | 2970307726 |
| **Liabilities in Excess of Other Assets — (1.2)%** | **Liabilities in Excess of Other Assets — (1.2)%** | (35035153)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $2935272573 |

---

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

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

<sup>(b)</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>(c)</sup> Affiliate of the Fund.

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

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

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

**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: Institu-<br> tional, SL Agency Shares<br>| $260481474 | $— | &nbsp;&nbsp; $(198012741 )<sup>(a)</sup><br>| &nbsp;&nbsp; $(733)<br>| $(65449)<br>| $62402551 | 62377600 | $419192 <br><sup>(b)</sup><br>| $— |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, <br> SL Agency Shares<br>| &nbsp;&nbsp;&nbsp; 21250000 | 606270000 <br><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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 627520000 | 627520000 | &nbsp;&nbsp; 3687984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  | $(733) | $(65449) | $689922551 |  | $4107176 | $— |

---

&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.

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® iBonds® Dec 2025 Term Corporate ETF**

**Fair Value Hierarchy as of Period End (continued)**

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; $2280385175 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2280385175 |
| &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; 689922551 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 689922551 |
|  | &nbsp;&nbsp; $689922551 | &nbsp;&nbsp; $2280385175 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2970307726 |

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| REIT | Real Estate Investment Trust |

---

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

------

## 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 Trust

- **b. Investment Company Act file number:** 811-09729

- **c. CIK number of Registrant:** 0001100663

- **d. LEI of Registrant:** 5493000860OXIC4B5K91

- **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 iBonds Dec 2025 Term Corporate ETF

- **b. EDGAR series identifier (if any):** S000048153

- **c. LEI of Series:** 549300FEFS39P6MMLS48

**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:** $3077160840.50

**Total Liabilities:** $141914686.11

**Net Assets:** $2935246154.39

**Cash Not Reported:** $241380.14

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 42810.28000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000152180 | 0.38%                | 0.37%                | 0.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $71267.99                | $1201600.47                                |
| Month 2  | $159710.50               | $552550.22                                 |
| Month 3  | $-16658.74               | $613799.72                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WALT DISNEY COMPANY/THE                        | Walt Disney Co/The                                        | CUSIP: 254687DD5<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |   8421000 | PA      | $8403946.80   | 0.29%             | 2025-10-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: —       |
| ENTERGY CORP                                   | Entergy Corp                                              | CUSIP: 29364GAM5<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |  11272000 | PA      | $11216899.76  | 0.38%             | 2025-09-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                       | Ford Motor Credit Co LLC                                  | CUSIP: 345397XL2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  18902000 | PA      | $18902000.00  | 0.64%             | 2025-08-04      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Chevron Corp                                   | Chevron Corp                                              | CUSIP: 166764BD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11404000 | PA      | $11364229.35  | 0.39%             | 2025-11-17      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GRP NY                       | Australia & New Zealand Banking Group Ltd/New York NY     | CUSIP: 05253JAY7<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |  12720000 | PA      | $12742274.37  | 0.43%             | 2025-10-03      | Fixed         | 5.67%                 | No            |                  2 | On Loan: —       |
| NNN REIT INC                                   | NNN REIT Inc                                              | CUSIP: 637417AH9<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              |  | US        |   6218000 | PA      | $6201585.41   | 0.21%             | 2025-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSX Corp                                       | CSX Corp                                                  | CUSIP: 126408HD8<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |   8835000 | PA      | $8805387.55   | 0.30%             | 2025-11-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                        | Procter & Gamble Co/The                                   | CUSIP: 742718FL8<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |  14534000 | PA      | $14392933.29  | 0.49%             | 2025-10-29      | Fixed         | 0.55%                 | No            |                  2 | On Loan: —       |
| US Bancorp                                     | US Bancorp                                                | CUSIP: 91159HHU7<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   9766000 | PA      | $9741571.72   | 0.33%             | 2025-11-17      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| EBAY INC                                       | eBay Inc                                                  | CUSIP: 278642BC6<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |   7505000 | PA      | $7523084.87   | 0.26%             | 2025-11-22      | Fixed         | 5.90%                 | No            |                  2 | On Loan: —       |
| Southern Power Co                              | Southern Power Co                                         | CUSIP: 843646AM2<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |   7893000 | PA      | $7877521.75   | 0.27%             | 2025-12-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: —       |
| BANK OF NY MELLON CORP                         | Bank of New York Mellon Corp/The                          | CUSIP: 06406HCQ0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   5414000 | PA      | $5401889.04   | 0.18%             | 2025-11-18      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                       | International Business Machines Corp                      | CUSIP: 459200AM3<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   9425000 | PA      | $9473741.20   | 0.32%             | 2025-10-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| Amazon.com Inc                                 | Amazon.com Inc                                            | CUSIP: 023135BN5<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   9508000 | PA      | $9517241.30   | 0.32%             | 2025-12-03      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| MEAD JOHNSON NUTRITION C                       | Mead Johnson Nutrition Co                                 | CUSIP: 582839AH9<br>LEI: E4BJRFT3MF4GJDY1SC50 | Long             | DBT              | CORP              | US        |  10670000 | PA      | $10654908.67  | 0.36%             | 2025-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| SCHLUMBERGER FIN CA                            | Schlumberger Finance Canada Ltd                           | CUSIP: 80685XAC5<br>LEI: 549300P4EXZFF0LRNF59 | Long             | DBT              | CORP              | CA        |   7137000 | PA      | $7105067.35   | 0.24%             | 2025-09-17      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                         | Williams Cos Inc/The                                      | CUSIP: 96949LAB1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |  10302000 | PA      | $10291059.28  | 0.35%             | 2025-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AIR PRODUCTS & CHEMICALS                       | Air Products and Chemicals Inc                            | CUSIP: 009158BB1<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | DBT              | CORP              | US        |   8163000 | PA      | $8112459.28   | 0.28%             | 2025-10-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: —       |
| Dominion Energy Inc                            | Dominion Energy Inc                                       | CUSIP: 25746UCE7<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |  10638000 | PA      | $10622925.53  | 0.36%             | 2025-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: —       |
| BOEING CO                                      | Boeing Co/The                                             | CUSIP: 097023BP9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   4481000 | PA      | $4455128.14   | 0.15%             | 2025-10-30      | Fixed         | 2.60%                 | No            |                  2 | On Loan: —       |
| NATIONAL RURAL UTIL COOP                       | National Rural Utilities Cooperative Finance Corp         | CUSIP: 63743HFF4<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   7654000 | PA      | $7669432.22   | 0.26%             | 2025-10-30      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                          | Republic Services Inc                                     | CUSIP: 760759AY6<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |   5846000 | PA      | $5781859.50   | 0.20%             | 2025-11-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: —       |
| NISOURCE INC                                   | NiSource Inc                                              | CUSIP: 65473PAK1<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |  16117000 | PA      | $16092545.03  | 0.55%             | 2025-08-15      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                         | BP Capital Markets America Inc                            | CUSIP: 10373QAB6<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |  13664000 | PA      | $13647203.66  | 0.46%             | 2025-09-21      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| PACCAR FINANCIAL CORP                          | PACCAR Financial Corp                                     | CUSIP: 69371RR99<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |   8520000 | PA      | $8517670.89   | 0.29%             | 2025-08-11      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                         | GE HealthCare Technologies Inc                            | CUSIP: 36267VAD5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |  20507000 | PA      | $20540904.02  | 0.70%             | 2025-11-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Applied Materials Inc                          | Applied Materials Inc                                     | CUSIP: 038222AJ4<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | DBT              | CORP              | US        |   9970000 | PA      | $9952542.43   | 0.34%             | 2025-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                               | Duke Energy Corp                                          | CUSIP: 26441CBV6<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   7827000 | PA      | $7833902.40   | 0.27%             | 2025-12-08      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                       | RTX Corp                                                  | CUSIP: 913017DD8<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |  19706000 | PA      | $19696758.28  | 0.67%             | 2025-08-16      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                       | Lloyds Banking Group PLC                                  | CUSIP: 539439AM1<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  17090000 | PA      | $17077819.27  | 0.58%             | 2025-12-10      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                 | Home Depot Inc/The                                        | CUSIP: 437076CR1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |  10465000 | PA      | $10457081.76  | 0.36%             | 2025-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                       | Cooperatieve Rabobank UA                                  | CUSIP: 21684AAC0<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |  18480000 | PA      | $18480000.00  | 0.63%             | 2025-08-04      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                | AstraZeneca PLC                                           | CUSIP: 046353AL2<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |  27374000 | PA      | $27274462.39  | 0.93%             | 2025-11-16      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                    | Citibank NA                                               | CUSIP: 17325FBA5<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |  16135000 | PA      | $16146921.67  | 0.55%             | 2025-09-29      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| MCKESSON CORP                                  | McKesson Corp                                             | CUSIP: 581557BQ7<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |   8139000 | PA      | $8034459.84   | 0.27%             | 2025-12-03      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| COLGATE-PALMOLIVE CO                           | Colgate-Palmolive Co                                      | CUSIP: 194162AM5<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | DBT              | CORP              | US        |   6810000 | PA      | $6802810.96   | 0.23%             | 2025-08-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| JUNIPER NETWORKS INC                           | Juniper Networks Inc                                      | CUSIP: 48203RAN4<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | DBT              | CORP              | US        |   6730000 | PA      | $6641901.54   | 0.23%             | 2025-12-10      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BK/NY                       | National Australia Bank Ltd/New York                      | CUSIP: 63253QAF1<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |  12961000 | PA      | $12969000.70  | 0.44%             | 2025-12-10      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Magna International Inc                        | Magna International Inc                                   | CUSIP: 559222AR5<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | DBT              | CORP              | CA        |   9425000 | PA      | $9411942.04   | 0.32%             | 2025-10-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| HERSHEY COMPANY                                | Hershey Co/The                                            | CUSIP: 427866AU2<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | DBT              | CORP              | US        |   4385000 | PA      | $4378506.52   | 0.15%             | 2025-08-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: —       |
| PUBLIC SERVICE ENTERPRIS                       | Public Service Enterprise Group Inc                       | CUSIP: 744573AP1<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |   8185000 | PA      | $8170400.74   | 0.28%             | 2025-08-15      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| AFFILIATED MANAGERS GROU                       | Affiliated Managers Group Inc                             | CUSIP: 008252AN8<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | DBT              | CORP              | US        |   4840000 | PA      | $4840000.00   | 0.16%             | 2025-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| PEPSICO INC                                    | PepsiCo Inc                                               | CUSIP: 713448FV5<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |  11333000 | PA      | $11354000.50  | 0.39%             | 2025-11-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                           | Lockheed Martin Corp                                      | CUSIP: 539830BU2<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |   7979000 | PA      | $7983654.47   | 0.27%             | 2025-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Constellation Brands Inc                       | Constellation Brands Inc                                  | CUSIP: 21036PBB3<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   7302000 | PA      | $7293508.21   | 0.25%             | 2025-11-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Conagra Brands Inc                             | Conagra Brands Inc                                        | CUSIP: 205887CB6<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |  13603000 | PA      | $13586450.45  | 0.46%             | 2025-11-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                       | Devon Energy Corp                                         | CUSIP: 25179MAV5<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |   8060000 | PA      | $8069835.62   | 0.27%             | 2025-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| MANUF & TRADERS TRUST CO                       | Manufacturers & Traders Trust Co                          | CUSIP: 55279HAT7<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |   6604000 | PA      | $6612946.90   | 0.23%             | 2025-11-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                        | Bristol-Myers Squibb Co                                   | CUSIP: 110122DN5<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |  13785000 | PA      | $13634542.93  | 0.46%             | 2025-11-13      | Fixed         | 0.75%                 | No            |                  2 | On Loan: —       |
| BURLINGTN NORTH SANTA FE                       | Burlington Northern Santa Fe LLC                          | CUSIP: 12189LAY7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5639000 | PA      | $5633315.21   | 0.19%             | 2025-09-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| State Street Corp                              | State Street Corp                                         | CUSIP: 857477AT0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |  16220000 | PA      | $16210430.04  | 0.55%             | 2025-08-18      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                    | Truist Bank                                               | CUSIP: 86787EBB2<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   6728000 | PA      | $6715626.13   | 0.23%             | 2025-11-03      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                       | Rogers Communications Inc                                 | CUSIP: 775109BE0<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   8625000 | PA      | $8585138.18   | 0.29%             | 2025-12-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: —       |
| UNITEDHEALTH GROUP INC                         | UnitedHealth Group Inc                                    | CUSIP: 91324PEN8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |  10292000 | PA      | $10294292.03  | 0.35%             | 2025-10-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: —       |
| Morgan Stanley                                 | Morgan Stanley                                            | CUSIP: 6174467X1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  25973000 | PA      | $25975671.58  | 0.88%             | 2025-11-24      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY BANK                                 | Synchrony Bank                                            | CUSIP: 87166FAD5<br>LEI: 549300UATVPGSLE43Z27 | Long             | DBT              | CORP              | US        |  11230000 | PA      | $11226925.56  | 0.38%             | 2025-08-22      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| D.R. HORTON INC                                | DR Horton Inc                                             | CUSIP: 23331ABN8<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |   7615000 | PA      | $7583774.69   | 0.26%             | 2025-10-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: —       |
| ALLSTATE CORP                                  | Allstate Corp/The                                         | CUSIP: 020002BH3<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |   9339000 | PA      | $9200199.58   | 0.31%             | 2025-12-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| 3M COMPANY                                     | 3M Co                                                     | CUSIP: 88579YAR2<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |   7544000 | PA      | $7541064.25   | 0.26%             | 2025-08-07      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                             | Banco Santander SA                                        | CUSIP: 05964HAR6<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   9679000 | PA      | $9680579.52   | 0.33%             | 2025-08-18      | Fixed         | 5.15%                 | No            |                  2 | On Loan: —       |
| PNC Bank NA                                    | PNC Bank NA                                               | CUSIP: 69349LAQ1<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   6914000 | PA      | $6907487.08   | 0.24%             | 2025-11-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp                             | Union Pacific Corp                                        | CUSIP: 907818ED6<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   7081000 | PA      | $7076557.24   | 0.24%             | 2025-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                       | Toyota Motor Credit Corp                                  | CUSIP: 89236TKK0<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  10361000 | PA      | $10381786.03  | 0.35%             | 2025-11-10      | Fixed         | 5.40%                 | No            |                  2 | On Loan: —       |
| COMMONSPIRIT HEALTH                            | CommonSpirit Health                                       | CUSIP: 20268JAE3<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |   4163000 | PA      | $4138024.62   | 0.14%             | 2025-10-01      | Fixed         | 1.55%                 | No            |                  2 | On Loan: —       |
| Northern Trust Corp                            | Northern Trust Corp                                       | CUSIP: 665859AP9<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |   9795000 | PA      | $9767603.09   | 0.33%             | 2025-10-30      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| AutoNation Inc                                 | AutoNation Inc                                            | CUSIP: 05329WAM4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6447000 | PA      | $6435981.30   | 0.22%             | 2025-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNB CORP                                       | FNB Corp/PA                                               | CUSIP: 302520AC5<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |   4685000 | PA      | $4681530.34   | 0.16%             | 2025-08-25      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BlackRock Funds III                            | BlackRock Cash Funds: Institutional, SL Agency Shares     | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  70628914 | NS      | $70657165.84  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORP                               | Duke Energy Corp                                          | CUSIP: 26441CBJ3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   9246000 | PA      | $9201126.85   | 0.31%             | 2025-09-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| MetLife Inc                                    | MetLife Inc                                               | CUSIP: 59156RBQ0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   7725000 | PA      | $7703522.03   | 0.26%             | 2025-11-13      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                            | CUSIP: 023135CN4<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |  17255000 | PA      | $17254324.47  | 0.59%             | 2025-12-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Visa Inc                                       | Visa Inc                                                  | CUSIP: 92826CAD4<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |  56246000 | PA      | $55966670.55  | 1.91%             | 2025-12-14      | Fixed         | 3.15%                 | No            |                  2 | On Loan: —       |
| Kimberly-Clark Corp                            | Kimberly-Clark Corp                                       | CUSIP: 494368BR3<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | DBT              | CORP              | US        |   5145000 | PA      | $5141547.86   | 0.18%             | 2025-08-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                              | Eversource Energy                                         | CUSIP: 30040WAJ7<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   5084000 | PA      | $5076075.21   | 0.17%             | 2025-08-15      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| American Express Co                            | American Express Co                                       | CUSIP: 025816CA5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   9665000 | PA      | $9648038.79   | 0.33%             | 2025-11-06      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Block Financial LLC                            | Block Financial LLC                                       | CUSIP: 093662AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5521000 | PA      | $5519667.34   | 0.19%             | 2025-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Bank of America Corp                           | Bank of America Corp                                      | CUSIP: 06051GFS3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  22347000 | PA      | $22347000.00  | 0.76%             | 2025-08-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                         | General Motors Financial Co Inc                           | CUSIP: 37045XDZ6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  17269000 | PA      | $17304609.02  | 0.59%             | 2025-10-10      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                         | Philip Morris International Inc                           | CUSIP: 718172BQ1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |  10163000 | PA      | $10155570.44  | 0.35%             | 2025-08-11      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                       | Toyota Motor Credit Corp                                  | CUSIP: 89236THP3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  13917000 | PA      | $13807600.83  | 0.47%             | 2025-10-16      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                       | Microchip Technology Inc                                  | CUSIP: 595017BA1<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |  15684000 | PA      | $15672339.73  | 0.53%             | 2025-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| Banco Santander SA                             | Banco Santander SA                                        | CUSIP: 05971KAA7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |  19405000 | PA      | $19426919.31  | 0.66%             | 2025-11-19      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Norfolk Southern Corp                          | Norfolk Southern Corp                                     | CUSIP: 655844CA4<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |   4318000 | PA      | $4318000.00   | 0.15%             | 2025-08-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| TENCENT MUSIC ENT GRP                          | Tencent Music Entertainment Group                         | CUSIP: 88034PAA7<br>LEI: 213800XTZK2GOHQTYK41 | Long             | DBT              | CORP              | KY        |   4595000 | PA      | $4581367.88   | 0.16%             | 2025-09-03      | Fixed         | 1.38%                 | No            |                  2 | On Loan: —       |
| LENNOX INTERNATIONAL INC                       | Lennox International Inc                                  | CUSIP: 526107AE7<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | DBT              | CORP              | US        |   4572000 | PA      | $4572000.00   | 0.16%             | 2025-08-01      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| Kilroy Realty LP                               | Kilroy Realty LP                                          | CUSIP: 49427RAL6<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              |  | US        |   6178000 | PA      | $6170248.40   | 0.21%             | 2025-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ILLUMINA INC                                   | Illumina Inc                                              | CUSIP: 452327AN9<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |   7661000 | PA      | $7680459.71   | 0.26%             | 2025-12-12      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                 | Lowe's Cos Inc                                            | CUSIP: 548661EK9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |  13206000 | PA      | $13200692.64  | 0.45%             | 2025-09-08      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                         | Canadian Imperial Bank of Commerce                        | CUSIP: 13607H6M9<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  16937000 | PA      | $16937000.00  | 0.58%             | 2025-08-04      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                    | Southern Co/The                                           | CUSIP: 842587DM6<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   7568000 | PA      | $7570197.29   | 0.26%             | 2025-10-06      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                            | Southern California Edison Co                             | CUSIP: 842400GN7<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |  12171000 | PA      | $12171000.00  | 0.41%             | 2025-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                         | Blackstone Private Credit Fund                            | CUSIP: 09261HBA4<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |  10862000 | PA      | $10892607.49  | 0.37%             | 2025-09-29      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                         | Marriott International Inc/MD                             | CUSIP: 571903AP8<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   6172000 | PA      | $6156553.83   | 0.21%             | 2025-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| AMERICAN ELECTRIC POWER                        | American Electric Power Co Inc                            | CUSIP: 02557TAD1<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |  11546000 | PA      | $11542957.51  | 0.39%             | 2025-08-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                           | Westpac Banking Corp                                      | CUSIP: 961214FA6<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   9055000 | PA      | $9049045.52   | 0.31%             | 2025-08-26      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                        | CUSIP: 86765BAS8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   7548000 | PA      | $7552685.04   | 0.26%             | 2025-12-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                | McDonald's Corp                                           | CUSIP: 58013MFL3<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |   7154000 | PA      | $7133316.07   | 0.24%             | 2025-09-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: —       |
| TWDC Enterprises 18 Corp                       | TWDC Enterprises 18 Corp                                  | CUSIP: 25468PDF0<br>LEI: 7260JQNI6SCF9FIV2392 | Long             | DBT              | CORP              | US        |  10260000 | PA      | $10233659.30  | 0.35%             | 2025-09-17      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                               | Ryder System Inc                                          | CUSIP: 78355HKR9<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |   5928000 | PA      | $5920586.74   | 0.20%             | 2025-09-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: —       |
| INTERCONTINENTALEXCHANGE                       | Intercontinental Exchange Inc                             | CUSIP: 45866FAD6<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |  18730000 | PA      | $18670432.61  | 0.64%             | 2025-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                             | Realty Income Corp                                        | CUSIP: 756109BE3<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |   8033000 | PA      | $8025527.14   | 0.27%             | 2025-11-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| Starbucks Corp                                 | Starbucks Corp                                            | CUSIP: 855244AQ2<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |  16307000 | PA      | $16294380.99  | 0.56%             | 2025-08-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                       | Plains All American Pipeline LP / PAA Finance Corp        | CUSIP: 72650RBJ0<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |  13611000 | PA      | $13600513.13  | 0.46%             | 2025-10-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: —       |
| SYNOVUS FINANCIAL CORP                         | Synovus Financial Corp                                    | CUSIP: 87161CAN5<br>LEI: 549300EIUS8UN5JTLE54 | Long             | DBT              | CORP              | US        |   4813000 | PA      | $4811139.29   | 0.16%             | 2025-08-11      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                              | General Motors Co                                         | CUSIP: 37045VAV2<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |  17467000 | PA      | $17485296.86  | 0.60%             | 2025-10-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CUMMINS INC                                    | Cummins Inc                                               | CUSIP: 231021AU0<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | DBT              | CORP              | US        |   7240000 | PA      | $7218999.95   | 0.25%             | 2025-09-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: —       |
| BankUnited Inc                                 | BankUnited Inc                                            | CUSIP: 06652KAA1<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | DBT              | CORP              | US        |   3817000 | PA      | $3812935.89   | 0.13%             | 2025-11-17      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| Dupont De Nemours Inc                          | DuPont de Nemours Inc                                     | CUSIP: 26078JAC4<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |  27198000 | PA      | $27144718.30  | 0.92%             | 2025-11-15      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                   | Comcast Corp                                              | CUSIP: 20030NCS8<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |  35725000 | PA      | $35649588.10  | 1.21%             | 2025-10-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: —       |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                          | CUSIP: 94974BGP9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  31115000 | PA      | $31050152.61  | 1.06%             | 2025-09-29      | Fixed         | 3.55%                 | No            |                  2 | On Loan: —       |
| WASTE MANAGEMENT INC                           | Waste Management Inc                                      | CUSIP: 94106LBL2<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |   7475000 | PA      | $7398342.31   | 0.25%             | 2025-11-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| WISCONSIN PUBLIC SERVICE                       | Wisconsin Public Service Corp                             | CUSIP: 976843BP6<br>LEI: 549300BJRHJVYNUMQZ30 | Long             | DBT              | CORP              | US        |   4661000 | PA      | $4663519.22   | 0.16%             | 2025-11-10      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| DIAGEO CAPITAL PLC                             | Diageo Capital PLC                                        | CUSIP: 25243YBF5<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |   7466000 | PA      | $7471373.73   | 0.25%             | 2025-10-24      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GRP NY                       | Australia & New Zealand Banking Group Ltd/New York NY     | CUSIP: 05253JAL5<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   9715000 | PA      | $9690826.07   | 0.33%             | 2025-11-16      | Fixed         | 3.70%                 | No            |                  2 | On Loan: —       |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                | CUSIP: 92343VFS8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |  10025000 | PA      | $9908315.92   | 0.34%             | 2025-11-20      | Fixed         | 0.85%                 | No            |                  2 | On Loan: —       |
| AMERICAN HONDA FINANCE                         | American Honda Finance Corp                               | CUSIP: 02665WEQ0<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  13303000 | PA      | $13326034.94  | 0.45%             | 2025-10-03      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                       | Ford Motor Credit Co LLC                                  | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  29381000 | PA      | $29211691.99  | 1.00%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                          | Toronto-Dominion Bank/The                                 | CUSIP: 89114QCK2<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  12670000 | PA      | $12610874.56  | 0.43%             | 2025-09-11      | Fixed         | 0.75%                 | No            |                  2 | On Loan: —       |
| COMMONWEALTH BK AUSTR NY                       | Commonwealth Bank of Australia/New York NY                | CUSIP: 20271RAS9<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |  11403000 | PA      | $11413777.20  | 0.39%             | 2025-09-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| JOHNSON & JOHNSON                              | Johnson & Johnson                                         | CUSIP: 478160CN2<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |  13319000 | PA      | $13269198.79  | 0.45%             | 2025-09-01      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| CubeSmart LP                                   | CubeSmart LP                                              | CUSIP: 22966RAC0<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              |  | US        |   4649000 | PA      | $4632776.57   | 0.16%             | 2025-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                       | Caterpillar Financial Services Corp                       | CUSIP: 14913R2H9<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |  13625000 | PA      | $13482352.65  | 0.46%             | 2025-11-13      | Fixed         | 0.80%                 | No            |                  2 | On Loan: —       |
| CNH INDUSTRIAL CAP LLC                         | CNH Industrial Capital LLC                                | CUSIP: 12592BAP9<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |   6307000 | PA      | $6314813.11   | 0.22%             | 2025-10-14      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ZOETIS INC                                     | Zoetis Inc                                                | CUSIP: 98978VAU7<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |   8652000 | PA      | $8658483.38   | 0.29%             | 2025-11-14      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| EVERGY METRO                                   | Evergy Metro Inc                                          | CUSIP: 485134BP4<br>LEI: 1128SIJQ26096WL7IO82 | Long             | DBT              | CORP              | US        |   5089000 | PA      | $5087485.21   | 0.17%             | 2025-08-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| RELIANCE INC                                   | Reliance Inc                                              | CUSIP: 759509AF9<br>LEI: 549300E287ZOFT3C5Z56 | Long             | DBT              | CORP              | US        |   6022000 | PA      | $6013154.40   | 0.20%             | 2025-08-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2013-1 A PTT                        | United Airlines 2013-1 Class A Pass Through Trust         | CUSIP: 909319AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3364509 | PA      | $3362952.27   | 0.11%             | 2025-08-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: —       |
| AMERICAN TOWER CORP                            | American Tower Corp                                       | CUSIP: 03027XBB5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |   7371000 | PA      | $7336603.30   | 0.25%             | 2025-09-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                       | Caterpillar Financial Services Corp                       | CUSIP: 14913UAB6<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |  10753000 | PA      | $10754530.15  | 0.37%             | 2025-08-11      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PECO Energy Co                                 | PECO Energy Co                                            | CUSIP: 693304AT4<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |   5405000 | PA      | $5392499.96   | 0.18%             | 2025-10-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP                         | Bunge Ltd Finance Corp                                    | CUSIP: 120568BB5<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |   8297000 | PA      | $8281289.80   | 0.28%             | 2025-08-17      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| AON GLOBAL LTD                                 | Aon Global Ltd                                            | CUSIP: 00185AAK0<br>LEI: 635400FALWQYX5E6QC64 | Long             | DBT              | CORP              | GB        |  10843000 | PA      | $10802255.91  | 0.37%             | 2025-12-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| AVALONBAY COMMUNITIES                          | AvalonBay Communities Inc                                 | CUSIP: 05348EAW9<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              |  | US        |   4810000 | PA      | $4790909.93   | 0.16%             | 2025-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| EQUIFAX INC                                    | Equifax Inc                                               | CUSIP: 294429AR6<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |   6194000 | PA      | $6144188.41   | 0.21%             | 2025-12-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: —       |
| Keurig Dr Pepper Inc                           | Keurig Dr Pepper Inc                                      | CUSIP: 26138EAS8<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   7445000 | PA      | $7413040.48   | 0.25%             | 2025-11-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co                       | Florida Power & Light Co                                  | CUSIP: 341081FM4<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   8769000 | PA      | $8725010.57   | 0.30%             | 2025-12-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: —       |
| BANCO BILBAO VIZCAYA ARG                       | Banco Bilbao Vizcaya Argentaria SA                        | CUSIP: 05946KAJ0<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |  10395000 | PA      | $10344383.00  | 0.35%             | 2025-09-18      | Fixed         | 1.13%                 | No            |                  2 | On Loan: —       |
| KeyCorp                                        | KeyCorp                                                   | CUSIP: 49326EEH2<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |   6970000 | PA      | $6957689.66   | 0.24%             | 2025-10-29      | Fixed         | 4.15%                 | No            |                  2 | On Loan: —       |
| HP ENTERPRISE CO                               | Hewlett Packard Enterprise Co                             | CUSIP: 42824CAW9<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |  35218000 | PA      | $35209982.62  | 1.20%             | 2025-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                       | Caterpillar Financial Services Corp                       | CUSIP: 14913R2Z9<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |  10909000 | PA      | $10905857.66  | 0.37%             | 2025-08-12      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                       | Capital One Financial Corp                                | CUSIP: 14040HBJ3<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  19045000 | PA      | $19004247.70  | 0.65%             | 2025-10-29      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                    | Truist Bank                                               | CUSIP: 07330MAB3<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |  15575000 | PA      | $15543164.39  | 0.53%             | 2025-09-16      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GRP NY                       | Australia & New Zealand Banking Group Ltd/New York NY     | CUSIP: 05254JAA8<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |  15624000 | PA      | $15652043.67  | 0.53%             | 2025-12-08      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                    | Nutrien Ltd                                               | CUSIP: 67077MAY4<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |   7559000 | PA      | $7576492.58   | 0.26%             | 2025-11-07      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                              | HSBC Holdings PLC                                         | CUSIP: 404280AU3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  12610000 | PA      | $12603372.06  | 0.43%             | 2025-08-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| JOHN DEERE CAPITAL CORP                        | John Deere Capital Corp                                   | CUSIP: 24422EXC8<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   5403000 | PA      | $5406776.37   | 0.18%             | 2025-09-08      | Fixed         | 5.30%                 | No            |                  2 | On Loan: —       |
| CANADIAN IMPERIAL BANK                         | Canadian Imperial Bank of Commerce                        | CUSIP: 13607GRR7<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   6880000 | PA      | $6821707.55   | 0.23%             | 2025-10-23      | Fixed         | 0.95%                 | No            |                  2 | On Loan: —       |
| Roper Technologies Inc                         | Roper Technologies Inc                                    | CUSIP: 776743AB2<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   4690000 | PA      | $4678510.53   | 0.16%             | 2025-12-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: —       |
| PHILIP MORRIS INTL INC                         | Philip Morris International Inc                           | CUSIP: 718172CU1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |  10814000 | PA      | $10817273.40  | 0.37%             | 2025-11-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                           | Edison International                                      | CUSIP: 281020AU1<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   6679000 | PA      | $6676553.95   | 0.23%             | 2025-08-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GE CAPITAL INTL FUNDING                        | GE Capital International Funding Co Unlimited Co          | CUSIP: 36164Q6M5<br>LEI: 549300G6UZOB126GBY72 | Long             | DBT              | CORP              | IE        |   4774000 | PA      | $4752654.40   | 0.16%             | 2025-11-15      | Fixed         | 3.37%                 | No            |                  2 | On Loan: —       |
| Abbott Laboratories                            | Abbott Laboratories                                       | CUSIP: 002824BM1<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |   7018000 | PA      | $7007544.16   | 0.24%             | 2025-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                       | Toyota Motor Credit Corp                                  | CUSIP: 89236TKZ7<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   8435000 | PA      | $8442965.00   | 0.29%             | 2025-09-11      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III                            | LYB International Finance III LLC                         | CUSIP: 50249AAF0<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |   8465000 | PA      | $8405861.48   | 0.29%             | 2025-10-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: —       |
| WEC ENERGY GROUP INC                           | WEC Energy Group Inc                                      | CUSIP: 92939UAH9<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   7434000 | PA      | $7434959.13   | 0.25%             | 2025-09-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| BANK OF MONTREAL                               | Bank of Montreal                                          | CUSIP: 06368LWT9<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  15231000 | PA      | $15256059.87  | 0.52%             | 2025-09-25      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| MID-AMERICA APARTMENTS                         | Mid-America Apartments LP                                 | CUSIP: 59523UAM9<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              |  | US        |   6128000 | PA      | $6111889.61   | 0.21%             | 2025-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                         | Roper Technologies Inc                                    | CUSIP: 776743AM8<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   9682000 | PA      | $9636361.86   | 0.33%             | 2025-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                            | Sherwin-Williams Co/The                                   | CUSIP: 824348BR6<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   6326000 | PA      | $6325357.66   | 0.22%             | 2025-08-08      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                        | Oncor Electric Delivery Co LLC                            | CUSIP: 68233JBZ6<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |   7095000 | PA      | $7045999.52   | 0.24%             | 2025-10-01      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                       | Citizens Financial Group Inc                              | CUSIP: 174610AK1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   4625000 | PA      | $4613957.17   | 0.16%             | 2025-12-03      | Fixed         | 4.30%                 | No            |                  2 | On Loan: —       |
| BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES | BlackRock Cash Funds: Treasury, SL Agency Shares          | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        | 627520000 | NS      | $627520000.00 | 21.38%            |  |  |  | No            |                  1 | On Loan: No      |
| PEACEHEALTH OBLIGATED GR                       | PeaceHealth Obligated Group                               | CUSIP: 70462GAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5340000 | PA      | $5283712.07   | 0.18%             | 2025-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: —       |
| PACCAR FINANCIAL CORP                          | PACCAR Financial Corp                                     | CUSIP: 69371RS23<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |   4898000 | PA      | $4899557.17   | 0.17%             | 2025-10-03      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| DIAGEO CAPITAL PLC                             | Diageo Capital PLC                                        | CUSIP: 25243YBC2<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |  10379000 | PA      | $10321033.49  | 0.35%             | 2025-09-29      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                          | Truist Financial Corp                                     | CUSIP: 89788MAA0<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   9672000 | PA      | $9672000.00   | 0.33%             | 2025-08-05      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Ralph Lauren Corp                              | Ralph Lauren Corp                                         | CUSIP: 751212AC5<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5989689.78   | 0.20%             | 2025-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| GOLDMAN SACHS GROUP INC                        | Goldman Sachs Group Inc/The                               | CUSIP: 38141GVR2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  25260000 | PA      | $25226247.84  | 0.86%             | 2025-10-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| Microsoft Corp                                 | Microsoft Corp                                            | CUSIP: 594918BJ2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |  41157000 | PA      | $41015161.87  | 1.40%             | 2025-11-03      | Fixed         | 3.13%                 | No            |                  2 | On Loan: —       |
| John Deere Capital Corp                        | John Deere Capital Corp                                   | CUSIP: 24422ETC3<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   5005000 | PA      | $4998421.03   | 0.17%             | 2025-09-11      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| UBS AG LONDON                                  | UBS AG/London                                             | CUSIP: 902674ZV5<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |  12455000 | PA      | $12469966.05  | 0.42%             | 2025-09-11      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                   | Alphabet Inc                                              | CUSIP: 02079KAH0<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |  13140000 | PA      | $13110904.62  | 0.45%             | 2025-08-15      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| Simon Property Group LP                        | Simon Property Group LP                                   | CUSIP: 828807CV7<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              |  | US        |  13277000 | PA      | $13261087.38  | 0.45%             | 2025-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| Halliburton Co                                 | Halliburton Co                                            | CUSIP: 406216BG5<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |   6105000 | PA      | $6085063.51   | 0.21%             | 2025-11-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                             | Royalty Pharma PLC                                        | CUSIP: 78081BAH6<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |  13323000 | PA      | $13270669.65  | 0.45%             | 2025-09-02      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                         | NextEra Energy Capital Holdings Inc                       | CUSIP: 65339KBS8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |  26802000 | PA      | $26811693.48  | 0.91%             | 2025-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CONSOLIDATED                         | Coca-Cola Consolidated Inc                                | CUSIP: 191098AK8<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | DBT              | CORP              | US        |   6086000 | PA      | $6063802.53   | 0.21%             | 2025-11-25      | Fixed         | 3.80%                 | No            |                  2 | On Loan: —       |
| WALMART INC                                    | Walmart Inc                                               | CUSIP: 931142EW9<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |  23553000 | PA      | $23528517.60  | 0.80%             | 2025-09-09      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                  | Citigroup Inc                                             | CUSIP: 172967HB0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  17932000 | PA      | $17936180.85  | 0.61%             | 2025-09-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Stryker Corp                                   | Stryker Corp                                              | CUSIP: 863667AH4<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |  10640000 | PA      | $10603631.52  | 0.36%             | 2025-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: —       |
| ELEVANCE HEALTH INC                            | Elevance Health Inc                                       | CUSIP: 036752AV5<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   6100000 | PA      | $6101784.62   | 0.21%             | 2025-10-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Novartis Capital Corp                          | Novartis Capital Corp                                     | CUSIP: 66989HAJ7<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |  23688000 | PA      | $23580682.46  | 0.80%             | 2025-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                | Cigna Group/The                                           | CUSIP: 125523AG5<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |  16846000 | PA      | $16807297.16  | 0.57%             | 2025-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Cardinal Health Inc                            | Cardinal Health Inc                                       | CUSIP: 14149YBE7<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |   7190000 | PA      | $7181290.03   | 0.24%             | 2025-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                       | Burlington Northern Santa Fe LLC                          | CUSIP: 12189TAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5411000 | PA      | $5462233.40   | 0.19%             | 2025-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| AMERICAN HONDA FINANCE                         | American Honda Finance Corp                               | CUSIP: 02665WDN8<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  10391000 | PA      | $10348525.33  | 0.35%             | 2025-09-10      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT LIGHT & PWR                        | Connecticut Light and Power Co/The                        | CUSIP: 207597EM3<br>LEI: 549300O45IUXEDS1VZ32 | Long             | DBT              | CORP              | US        |   6417000 | PA      | $6334571.13   | 0.22%             | 2025-12-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: —       |
| Dover Corp                                     | Dover Corp                                                | CUSIP: 260003AM0<br>LEI: 549300FMC2ALGA7N9E80 | Long             | DBT              | CORP              | US        |   6255000 | PA      | $6223772.98   | 0.21%             | 2025-11-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | CUSIP: 00774MAG0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   9311000 | PA      | $9307362.01   | 0.32%             | 2025-10-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE GAS & ELEC                          | Louisville Gas and Electric Co                            | CUSIP: 546676AW7<br>LEI: KO3GRIB3RPH1XDX50U72 | Long             | DBT              | CORP              | US        |   4640000 | PA      | $4627876.56   | 0.16%             | 2025-10-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: —       |
| TOYOTA MOTOR CREDIT CORP                       | Toyota Motor Credit Corp                                  | CUSIP: 89236TKF1<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  10343000 | PA      | $10336695.53  | 0.35%             | 2025-08-18      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                        | American Electric Power Co Inc                            | CUSIP: 025537AR2<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   7029000 | PA      | $6960286.32   | 0.24%             | 2025-11-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: —       |
| UnitedHealth Group Inc                         | UnitedHealth Group Inc                                    | CUSIP: 91324PDN9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   5728000 | PA      | $5706338.88   | 0.19%             | 2025-12-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: —       |
| APPLE INC                                      | Apple Inc                                                 | CUSIP: 037833DX5<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |  16160000 | PA      | $16121380.35  | 0.55%             | 2025-08-20      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                       | National Rural Utilities Cooperative Finance Corp         | CUSIP: 637432NG6<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   6508000 | PA      | $6484568.40   | 0.22%             | 2025-11-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| HOME DEPOT INC                                 | Home Depot Inc/The                                        | CUSIP: 437076BK7<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |  13534000 | PA      | $13506982.35  | 0.46%             | 2025-09-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                   | Broadcom Inc                                              | CUSIP: 11135FBB6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |  12561000 | PA      | $12500160.29  | 0.43%             | 2025-11-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Zoetis Inc                                     | Zoetis Inc                                                | CUSIP: 98978VAK9<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |  10624000 | PA      | $10605714.50  | 0.36%             | 2025-11-13      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                    | Equinix Inc                                               | CUSIP: 29444UBK1<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |   9640000 | PA      | $9591310.38   | 0.33%             | 2025-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                                    | KeyBank NA/Cleveland OH                                   | CUSIP: 49327M3E2<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |  15406000 | PA      | $15403457.09  | 0.52%             | 2025-08-08      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress LLC                       | Duke Energy Progress LLC                                  | CUSIP: 26442UAA2<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   6928000 | PA      | $6923868.83   | 0.24%             | 2025-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                        | John Deere Capital Corp                                   | CUSIP: 24422EWJ4<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |  10276000 | PA      | $10270311.31  | 0.35%             | 2025-09-08      | Fixed         | 4.05%                 | No            |                  2 | On Loan: —       |
| SHERWIN-WILLIAMS CO                            | Sherwin-Williams Co/The                                   | CUSIP: 824348AR7<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   6215000 | PA      | $6215000.00   | 0.21%             | 2025-08-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Danaher Corp                                   | Danaher Corp                                              | CUSIP: 235851AQ5<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | DBT              | CORP              | US        |   7076000 | PA      | $7060511.49   | 0.24%             | 2025-09-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: —       |
| SUTTER HEALTH                                  | Sutter Health                                             | CUSIP: 86944BAF0<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |   3695000 | PA      | $3679842.81   | 0.13%             | 2025-08-15      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                    | Oracle Corp                                               | CUSIP: 68389XCF0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  13857000 | PA      | $13898028.08  | 0.47%             | 2025-11-10      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| KT CORP                                        | KT Corp                                                   | CUSIP: 48268KAG6<br>LEI: 9884005ACF8449EANY26 | Long             | DBT              | CORP              | KR        |   5925000 | PA      | $5924060.24   | 0.20%             | 2025-08-08      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| ONEOK INC                                      | ONEOK Inc                                                 | CUSIP: 682680BA0<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   5840000 | PA      | $5820444.88   | 0.20%             | 2025-09-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: —       |
| WESTPAC BANKING CORP                           | Westpac Banking Corp                                      | CUSIP: 961214FL2<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |  12891000 | PA      | $12926423.69  | 0.44%             | 2025-11-17      | Fixed         | 5.51%                 | No            |                  2 | On Loan: —       |
| CHEVRON USA INC                                | Chevron USA Inc                                           | CUSIP: 166756AE6<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   9992000 | PA      | $9980175.27   | 0.34%             | 2025-08-12      | Fixed         | 0.69%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                 | Lowe's Cos Inc                                            | CUSIP: 548661DH7<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |  10470000 | PA      | $10447186.60  | 0.36%             | 2025-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                              | Sysco Corp                                                | CUSIP: 871829AZ0<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |  10666000 | PA      | $10645744.63  | 0.36%             | 2025-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** iShares Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer