# EDGAR Filing Document

**Accession Number:** 0001804196
**File Stem:** 0001410368-26-031779
**Filing Date:** 2026-3
**Character Count:** 82185
**Document Hash:** 7c8ac10f154a0d80b2684d3ba724ac08
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-031779.hdr.sgml**: 20260326

**ACCESSION NUMBER**: 0001410368-26-031779

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260326

**DATE AS OF CHANGE**: 20260326

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock ETF Trust II
- **CENTRAL INDEX KEY:** 0001804196

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23511
- **FILM NUMBER:** 26795946

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800 882 0052

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

## Series and Classes Contracts Data

### iShares Short-Term California Muni Active ETF (Series ID: S000080457)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000242862 | iShares Short-Term California Muni Active ETF |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock ETF Trust II

- **b. Investment Company Act file number:** 811-23511

- **c. CIK number of Registrant:** 0001804196

- **d. LEI of Registrant:** 549300PLJCTZLQ2LE832

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

  - **Street Address 1:** 100 BELLEVUE PARKWAY

  - **City:** WILMINGTON

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** iShares Short-Term California Muni Active ETF

- **b. EDGAR series identifier (if any):** S000080457

- **c. LEI of Series:** 529900R8UUYH8SM2G094

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $263485577.95

**Total Liabilities:** $2836084.02

**Net Assets:** $260649493.93

**Delayed Delivery Securities:** $629132.60

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1137.36000000 | **1-Year:** 5319.86000000 | **5-Year:** 22674.17000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 126.24000000 | **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 C000242862 | 0.17%                | 0.22%                | 0.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-101376.93                                |
| Month 2  | $0.01                    | $-70382.43                                 |
| Month 3  | $-1951.86                | $492883.52                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Amador Water Agency Financing Corp                                           | AMADOR CA WTR AGY COPS                                                | CUSIP: 022653BJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500981.15    | 0.19%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Anaheim Redevelopment Agency Successor Agency                                | ANAHEIM CA REDEV AGY SUCCESSOR AGY TAX ALLOCATION                     | CUSIP: 032564AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $447777.79    | 0.17%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                      | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                             | CUSIP: 072024C75<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |  10975000 | PA      | $10975000.00  | 4.21%             | 2059-04-01      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                      | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                             | CUSIP: 072024UN0<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.77%             | 2047-04-01      | Floating      | 1.40%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                      | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                             | CUSIP: 072024ZH8<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 1.00%             | 2059-04-01      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE           | CUSIP: 13013JAX4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3230000 | PA      | $3288522.43   | 1.26%             | 2052-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE           | CUSIP: 13013JBJ4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3514493.96   | 1.35%             | 2053-05-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE           | CUSIP: 13013JBL9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   4540000 | PA      | $4775543.37   | 1.83%             | 2053-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE           | CUSIP: 13013JCB0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4230419.60   | 1.62%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE           | CUSIP: 13013JCS3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3145000 | PA      | $3322388.38   | 1.27%             | 2054-05-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE           | CUSIP: 13013JCT1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    410000 | PA      | $423602.94    | 0.16%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE           | CUSIP: 13013JCW4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057695.50   | 0.41%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE           | CUSIP: 13013JDD5<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2218950.43   | 0.85%             | 2054-10-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE           | CUSIP: 13013JDG8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3525000 | PA      | $3787272.34   | 1.45%             | 2054-11-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE           | CUSIP: 13013JDH6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    770000 | PA      | $811200.54    | 0.31%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE           | CUSIP: 13013JDV5<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    800000 | PA      | $838530.48    | 0.32%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE           | CUSIP: 13013JEW2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2144838.40   | 0.82%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE           | CUSIP: 13013JFJ0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    800000 | PA      | $861031.28    | 0.33%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE           | CUSIP: 13013JFY7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    150000 | PA      | $158515.01    | 0.06%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE           | CUSIP: 13013JFZ4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    435000 | PA      | $466583.83    | 0.18%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE           | CUSIP: 13013JGV2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2635674.72   | 1.01%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                              | CALIFORNIA CNTY CA TOBACCO SECURITIZATION AGY TOBACCO SETTLE          | CUSIP: 13016NHK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $451550.91    | 0.17%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                             | CUSIP: 13032UJ33<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2100000.00   | 0.81%             | 2041-03-01      | Floating      | 2.65%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                            | CALIFORNIA HSG FIN AGY AFFORDABLE HSG REVENUE                         | CUSIP: 13032WCQ5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    460000 | PA      | $471340.24    | 0.18%             | 2030-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                             | CUSIP: 13033LR90<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1401405.32   | 0.54%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                             | CUSIP: 13033LS32<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    260000 | PA      | $260116.77    | 0.10%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                        | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE                  | CUSIP: 13033WTH6<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125000.00    | 0.05%             | 2031-03-01      | Floating      | 2.28%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                            | CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE                       | CUSIP: 13034DAH7<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2100000.00   | 0.81%             | 2027-12-01      | Floating      | 1.35%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                            | CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE                       | CUSIP: 13034DBE3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1384281.19   | 0.53%             | 2029-11-01      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                            | CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE                       | CUSIP: 13034DBL7<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008853.40   | 0.39%             | 2046-06-01      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH MF HSG REVENUE                            | CUSIP: 130483HC7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    150000 | PA      | $158971.73    | 0.06%             | 2056-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH MF HSG REVENUE                            | CUSIP: 130483JX9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013510.40   | 0.77%             | 2045-12-01      | Floating      | 2.93%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH MF HSG REVENUE                            | CUSIP: 130483KF6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1510339.95   | 0.58%             | 2031-07-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE                      | CUSIP: 13048RAC1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004757.20   | 0.39%             | 2039-02-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE                      | CUSIP: 13048RAF4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001531.70   | 0.38%             | 2044-12-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE                      | CUSIP: 13048RAJ6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500517.95   | 0.58%             | 2041-07-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE                      | CUSIP: 13048RAK3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2300327.52   | 0.88%             | 2051-07-01      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE                      | CUSIP: 13048RAL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1510254.30   | 0.58%             | 2041-10-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE                      | CUSIP: 13048RAN7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000308.60   | 0.77%             | 2041-11-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE                      | CUSIP: 13048RAS6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999774.20    | 0.38%             | 2050-09-01      | Floating      | 3.38%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                                   | CUSIP: 13048TGU1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 1.00%             | 2035-11-01      | Floating      | 2.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                                   | CUSIP: 13048TGV9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    430000 | PA      | $430000.00    | 0.16%             | 2035-11-01      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                             | CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE              | CUSIP: 130536KL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509686.65    | 0.20%             | 2027-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                             | CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE              | CUSIP: 130536QS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $360112.10    | 0.14%             | 2027-07-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                             | CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE              | CUSIP: 130536RN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000031.60   | 0.77%             | 2043-07-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                          | CALIFORNIA PUBLIC FIN AUTH REVENUE                                    | CUSIP: 13057EFQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3700000.00   | 1.42%             | 2062-07-15      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                          | CALIFORNIA PUBLIC FIN AUTH REVENUE                                    | CUSIP: 13057EFR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4600000.00   | 1.76%             | 2062-07-15      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                         | CUSIP: 13063C8S2<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    800000 | PA      | $833807.84    | 0.32%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                         | CUSIP: 13063CR69<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    750000 | PA      | $762680.55    | 0.29%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                         | CUSIP: 13063DBU1<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    500000 | PA      | $524561.90    | 0.20%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                         | CUSIP: 13063DD62<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    800000 | PA      | $814232.08    | 0.31%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                         | CUSIP: 13063EEV4<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200000.00   | 0.46%             | 2046-05-01      | Floating      | 1.45%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                         | CUSIP: 13063EGK6<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3100000.00   | 1.19%             | 2050-05-01      | Floating      | 0.95%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                         | CUSIP: 13063EGR1<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 1.92%             | 2053-05-01      | Floating      | 1.38%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                         | CUSIP: 13063ELG9<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    850000 | PA      | $925202.14    | 0.35%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | State of California                                                   | CUSIP: 13066UXQ5<br>LEI: 9845007J7054602FF597 | Long             | STIV             | MUN               | US        |   2000000 | PA      | $2000635.80   | 0.77%             | 2026-03-05      | Fixed         | 2.71%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                          | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                            | CUSIP: 13068LQP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501031.85    | 0.19%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                          | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                            | CUSIP: 13068LVT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200878.02    | 0.08%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                          | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                            | CUSIP: 13068LYV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021306.70   | 0.39%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                            | State of California Department of Water Resources                     | CUSIP: 13069KGJ9<br>LEI: 549300X618YEC5LGBQ98 | Long             | STIV             | MUN               | US        |    250000 | PA      | $250012.45    | 0.10%             | 2026-03-10      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                            | State of California Department of Water Resources                     | CUSIP: 13069KGK6<br>LEI: 549300X618YEC5LGBQ98 | Long             | STIV             | MUN               | US        |   1500000 | PA      | $1499995.50   | 0.58%             | 2026-03-11      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                            | State of California Department of Water Resources                     | CUSIP: 13069KGS9<br>LEI: 549300X618YEC5LGBQ98 | Long             | STIV             | MUN               | US        |    600000 | PA      | $599998.38    | 0.23%             | 2026-03-16      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                            | State of California Department of Water Resources                     | CUSIP: 13069KGW0<br>LEI: 549300X618YEC5LGBQ98 | Long             | STIV             | MUN               | US        |   2600000 | PA      | $2599854.14   | 1.00%             | 2026-03-11      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA ST STWD CMNTYS DEV AUTH STWD REVENUE                       | CUSIP: 13078YPE9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    785000 | PA      | $800494.02    | 0.31%             | 2028-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA ST STWD CMNTYS DEV AUTH REVENUE                            | CUSIP: 130795VL8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    880000 | PA      | $880000.00    | 0.34%             | 2047-08-15      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA ST STWD CMNTYS DEV AUTH REVENUE                            | CUSIP: 130795W45<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1700000.00   | 0.65%             | 2036-08-15      | Floating      | 1.73%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                               | CUSIP: 13080SYA6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1648394.85   | 0.63%             | 2038-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                  | California State University                                           | CUSIP: 13080UAQ2<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   2000000 | PA      | $1999996.00   | 0.77%             | 2026-03-06      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| Compton Community Redevelopment Agency Successor Agency                      | COMPTON CA CMNTY REDEV AGY SUCCESSOR AGY TAX ALLOCATION               | CUSIP: 204713AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $420700.44    | 0.16%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East County Advanced Water Purification Joint Powers Authority               | EAST CNTY ADVANCED WTR PURIFICATION JT PWRS AUTH                      | CUSIP: 271843AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126182.54    | 0.05%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Side Union High School District                                         | EAST SIDE CA UNION HIGH SCH DIST SANTA CLARA CNTY                     | CUSIP: 275282TD3<br>LEI: 549300FHNKBG2V8ZLG85 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110432.12    | 0.04%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| El Rancho Unified School District                                            | EL RANCHO CA UNIF SCH DIST                                            | CUSIP: 283839C22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $133715.01    | 0.05%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| El Rancho Unified School District                                            | EL RANCHO CA UNIF SCH DIST                                            | CUSIP: 283839D54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $115589.99    | 0.04%             | 2027-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fullerton Redevelopment Agency Successor Agency                              | FULLERTON CA REDEV AGY SUCCESSOR AGY TAX ALLOCATION                   | CUSIP: 35981VAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $378420.94    | 0.15%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jefferson Union High School District                                         | JEFFERSON CA UNION HIGH SCH DIST SAN MATEO CNTY                       | CUSIP: 4724667F2<br>LEI: 549300S1EAFO90X8HQ88 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110539.36    | 0.04%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jurupa Public Financing Authority                                            | JURUPA CA PUBLIC FING AUTH SPL TAX REVENUE                            | CUSIP: 482085EQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065082.10   | 0.41%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jurupa Unified School District                                               | JURUPA CA UNIF SCH DIST                                               | CUSIP: 482124TD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044237.20   | 0.40%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Elsinore Facilities Financing Authority Successor Agency                | LAKE ELSINORE CA FACS FING AUTH LOCAL AGY REVENUE                     | CUSIP: 50962CCG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $547325.60    | 0.21%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Harbor Revenue                                         | LONG BEACH CA HARBOR REVENUE                                          | CUSIP: 542424UT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $412327.68    | 0.16%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Unified School District                                           | LONG BEACH CA UNIF SCH DIST                                           | CUSIP: 542433QB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $474520.70    | 0.18%             | 2027-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA                                                       | LOS ANGELES CA                                                        | CUSIP: 544351SF7<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2022919.80   | 0.78%             | 2026-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | City of Los Angeles Department of Airports                            | CUSIP: 54443VCB7<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   2000000 | PA      | $2001272.80   | 0.77%             | 2026-05-05      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                             | CUSIP: 544445A82<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    845000 | PA      | $909663.29    | 0.35%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                             | CUSIP: 544445BT5<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    890000 | PA      | $895415.03    | 0.34%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                             | CUSIP: 544445EX3<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1813862.34   | 0.70%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                             | CUSIP: 544445EZ8<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    770000 | PA      | $809046.16    | 0.31%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                             | CUSIP: 544445FR5<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    200000 | PA      | $207939.14    | 0.08%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                             | CUSIP: 544445K40<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    210000 | PA      | $211527.81    | 0.08%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                             | CUSIP: 544445ND7<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    570000 | PA      | $574146.92    | 0.22%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                             | CUSIP: 544445SH3<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053527.70   | 0.40%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                             | CUSIP: 544445W88<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    575000 | PA      | $618813.33    | 0.24%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Los Angeles                                                          | LOS ANGELES CA HARBOR DEPT                                            | CUSIP: 544552B84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $432388.24    | 0.17%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Housing Authority                                                | LOS ANGELES CA HSG AUTH MF HSG REVENUE                                | CUSIP: 544562DS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1510339.95   | 0.58%             | 2046-01-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Municipal Improvement Corp of Los Angeles                                    | LOS ANGELES CA MUNI IMPT CORPLEASE REVENUE                            | CUSIP: 544587V21<br>LEI: 549300ZJ0YLTZNSR8F57 | Long             | DBT              | MUN               | US        |    330000 | PA      | $364110.81    | 0.14%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Improvement Corp of Los Angeles                                    | Municipal Improvement Corp of Los Angeles                             | CUSIP: 54460VAE1<br>LEI: 549300ZJ0YLTZNSR8F57 | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1000032.10   | 0.38%             | 2026-02-02      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority                     | Los Angeles County Metropolitan Transportation Authority              | CUSIP: 54465DAR7<br>LEI: 54930051IHTXE1N9RB42 | Long             | STIV             | MUN               | US        |   1500000 | PA      | $1500073.05   | 0.58%             | 2026-02-03      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Capital Asset Leasing Corp                                | Los Angeles County Capital Asset Leasing Corp                         | CUSIP: 54468VLS0<br>LEI: 5493008TSJ8UPQJX7Y66 | Long             | STIV             | MUN               | US        |    500000 | PA      | $500105.45    | 0.19%             | 2026-03-03      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                       | M-S-R CA ENERGY AUTH GAS REVENUE                                      | CUSIP: 55374SAA8<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |    515000 | PA      | $546837.61    | 0.21%             | 2029-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                           | MET WTR DIST OF STHRN CA WTRWKS REVENUE                               | CUSIP: 59266TXN6<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |   5900000 | PA      | $5900000.00   | 2.26%             | 2047-07-01      | Floating      | 1.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                           | MET WTR DIST OF STHRN CA WTRWKS REVENUE                               | CUSIP: 59266TZB0<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 1.15%             | 2047-07-01      | Floating      | 1.35%                 | No            |                  2 | On Loan: No      |
| Modesto Irrigation District                                                  | MODESTO CA IRR DIST FING AUTH ELEC SYS REVENUE                        | CUSIP: 607767BH2<br>LEI: S6U6XLZ7IOWYIG8C8H50 | Long             | DBT              | MUN               | US        |    920000 | PA      | $921044.66    | 0.35%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Modesto CA Water Revenue                                             | MODESTO CA WTR REVENUE COPS                                           | CUSIP: 607804AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9465000 | PA      | $9465000.00   | 3.63%             | 2036-10-01      | Floating      | 1.80%                 | No            |                  2 | On Loan: No      |
| Mount Diablo Unified School District/CA                                      | MOUNT DIABLO CA UNIF SCH DIST                                         | CUSIP: 621196V35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $608556.96    | 0.23%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mount Diablo Unified School District/CA                                      | MOUNT DIABLO CA UNIF SCH DIST COPS                                    | CUSIP: 621204DE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $629201.79    | 0.24%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern California Energy Authority                                         | NRTHRN CA ENERGY AUTH COMMODITY SPLY REVENUE                          | CUSIP: 664840AF2<br>LEI: 5493001ZIJGWU7HYLH34 | Long             | DBT              | MUN               | US        |    375000 | PA      | $379021.20    | 0.15%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern California Energy Authority                                         | NRTHRN CA ENERGY AUTH COMMODITY SPLY REVENUE                          | CUSIP: 664840AL9<br>LEI: 5493001ZIJGWU7HYLH34 | Long             | DBT              | MUN               | US        |   4185000 | PA      | $4498276.96   | 1.73%             | 2054-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern California Transmission Agency                                      | NTHRN CA TRANSMISSION AGY REVENUE                                     | CUSIP: 664848BM9<br>LEI: 549300Q5SNIPZIW57C52 | Long             | DBT              | MUN               | US        |    285000 | PA      | $287115.70    | 0.11%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ontario Public Financing Authority                                           | ONTARIO PUB FING AUTH LEASE REVENUE                                   | CUSIP: 68304RDR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $211097.05    | 0.08%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Water District Of Orange County Water Facilities Corp              | ORANGE CNTY CA WTR DIST COPS                                          | CUSIP: 684421CB4<br>LEI: 549300KBQTX6CMJ3U708 | Long             | DBT              | MUN               | US        |   7545000 | PA      | $7545000.00   | 2.89%             | 2042-08-01      | Floating      | 1.51%                 | No            |                  2 | On Loan: No      |
| Peralta Community College District                                           | PERALTA CA CMNTY CLG DIST                                             | CUSIP: 713575ZD3<br>LEI: 254900VWMA3IHACOBO19 | Long             | DBT              | MUN               | US        |    500000 | PA      | $523178.20    | 0.20%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Oakland                                                              | PORT OF OAKLAND CA                                                    | CUSIP: 735000VD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1141961.70   | 0.44%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Oakland                                                              | PORT OF OAKLAND CA                                                    | CUSIP: 735000VE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $612609.69    | 0.24%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Oakland                                                              | PORT OF OAKLAND CA                                                    | CUSIP: 735000VH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $411327.04    | 0.16%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Oakland                                                              | PORT OF OAKLAND CA                                                    | CUSIP: 735000VJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1210699.88   | 0.46%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Poway Redevelopment Agency Successor Agency                                  | POWAY CA REDEV AGY SUCCESSOR AGY TAX ALLOCATION                       | CUSIP: 738798AV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $566286.11    | 0.22%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District Public Financing Authority                     | POWAY CA UNIF SCH DIST PUBLIC FING AUTH SPL TAX REVENUE               | CUSIP: 73885QJP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506425.85    | 0.19%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Housing Authority                                           | RIVERSIDE CNTY CA HSG AUTH                                            | CUSIP: 76911MCS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $445000.00    | 0.17%             | 2027-01-15      | Floating      | 1.83%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                               | SACRAMENTO CNTY CA ARPT SYS REVENUE                                   | CUSIP: 786107RN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2481055.02   | 0.95%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                               | SACRAMENTO CNTY CA ARPT SYS REVENUE                                   | CUSIP: 786107WK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $766595.83    | 0.29%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento County Housing Authority                                          | SACRAMENTO CNTY CA HSG AUTH                                           | CUSIP: 786111EW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $285000.00    | 0.11%             | 2029-07-15      | Floating      | 1.80%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                  | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE                      | CUSIP: 79739GLN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $408325.94    | 0.16%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                  | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE                      | CUSIP: 79739GLS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1920495.07   | 0.74%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                  | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE                      | CUSIP: 79739GQV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1835000 | PA      | $2016796.20   | 0.77%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                  | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE                      | CUSIP: 79739GSL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $323502.12    | 0.12%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Water Authority                                             | San Diego County Water Authority                                      | CUSIP: 79741UQT1<br>LEI: 549300Y0QN5OFKA1G520 | Long             | STIV             | MUN               | US        |   4000000 | PA      | $3999979.60   | 1.53%             | 2026-06-03      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CA CITY &CNTY ARPTS COMMN INTL ARPT REV                 | CUSIP: 79766DLB3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2100000.00   | 0.81%             | 2058-05-01      | Floating      | 1.40%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CA CITY &CNTY ARPTS COMMN INTL ARPT REV                 | CUSIP: 79766DSN0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    705000 | PA      | $756975.21    | 0.29%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CA CITY &CNTY ARPTS COMMN INTL ARPT REV                 | CUSIP: 79766DUD9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1488580.25   | 0.57%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CA CITY &CNTY ARPTS COMMN INTL ARPT REV                 | CUSIP: 79766DVD8<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    915000 | PA      | $982457.19    | 0.38%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CA CITY &CNTY ARPTS COMMN INTL ARPT REV                 | CUSIP: 79766DVH9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1204236.00   | 0.46%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CA CITY &CNTY ARPTS COMMN INTL ARPT REV                 | CUSIP: 79766DVJ5<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    800000 | PA      | $875635.44    | 0.34%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CA CITY &CNTY ARPTS COMMN INTL ARPT REV                 | CUSIP: 79766DWG0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    645000 | PA      | $692551.79    | 0.27%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CA CITY &CNTY ARPTS COMMN INTL ARPT REV                 | CUSIP: 79766DXF1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $536861.85    | 0.21%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Power Revenue        | San Francisco City & County Public Utilities Commission Power Revenue | CUSIP: 79766MDJ5<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    400000 | PA      | $400040.48    | 0.15%             | 2026-02-10      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Power Revenue        | San Francisco City & County Public Utilities Commission Power Revenue | CUSIP: 79766MDK2<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   2273000 | PA      | $2273198.43   | 0.87%             | 2026-03-04      | Fixed         | 2.32%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utility Commission Water Revenue          | San Francisco City & County Public Utility Commission Water Revenue   | CUSIP: 79766RAB4<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   2000000 | PA      | $2000105.60   | 0.77%             | 2026-03-12      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency            | SAN FRANCISCO CITY & CNTY CA REDEV AGY SUCCESSOR AGY TAX              | CUSIP: 79770GKF2<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |    520000 | PA      | $554056.15    | 0.21%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Valley Clean Energy Authority                                    | SAN JOAQUIN VLY CLEAN ENERGY AUTH CA CLEAN ENERGY REVENUE             | CUSIP: 79811YAC2<br>LEI: 254900VA5DFN33OVGH87 | Long             | DBT              | MUN               | US        |    840000 | PA      | $891416.74    | 0.34%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                           | SAN JOSE CA ARPT REVENUE                                              | CUSIP: 798136VE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500954.40    | 0.19%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                           | SAN JOSE CA ARPT REVENUE                                              | CUSIP: 798136WW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400763.52    | 0.15%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo Union High School District                                         | SAN MATEO CA UNION HIGH SCH DIST                                      | CUSIP: 799017DG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $386639.32    | 0.15%             | 2027-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Rafael City High School District/CA                                      | SAN RAFAEL CITY CA HIGH SCH DIST                                      | CUSIP: 799289KK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.12%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Santa Clara Valley Transportation Authority                                  | SANTA CLARA VLY CA TRANSPRTN AUTH SALES TAX REVENUE                   | CUSIP: 80168NJU4<br>LEI: 549300R6Q7T4MD3V9H68 | Long             | DBT              | MUN               | US        |    385000 | PA      | $385000.00    | 0.15%             | 2055-06-01      | Floating      | 0.95%                 | No            |                  2 | On Loan: No      |
| Sequoia Union High School District                                           | SEQUOIA CA UNION HIGH SCH DIST                                        | CUSIP: 817409F83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $444074.44    | 0.17%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                   | STHRN CALIFORNIA ST PUBLIC PWR AUTH                                   | CUSIP: 842475Q57<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    805000 | PA      | $805000.00    | 0.31%             | 2036-07-01      | Floating      | 1.65%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                   | STHRN CALIFORNIA ST PUBLIC PWR AUTH                                   | CUSIP: 842475Q81<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    200000 | PA      | $219896.34    | 0.08%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                   | STHRN CA PUBLIC PWR AUTH REVENUE                                      | CUSIP: 84247PMY4<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151604.87    | 0.06%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                   | STHRN CA PUBLIC PWR AUTH REVENUE                                      | CUSIP: 84247PND9<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   4800000 | PA      | $5119894.56   | 1.96%             | 2055-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Temecula Valley Unified School District Financing Authority                  | TEMECULA VLY UNIF SCH DIST FING AUTH CA SPL TAX REVENUE               | CUSIP: 87975BBA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508080.15    | 0.19%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CALIF LEASE                                                        | SAN DIEGO CALIF LEASE                                                 | CUSIP: 88035ERN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4600000.00   | 1.76%             | 2043-10-15      | Floating      | 2.36%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CALIF LEASE                                                        | SAN DIEGO CALIF LEASE                                                 | CUSIP: 88035F7U8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.31%             | 2048-10-15      | Floating      | 2.30%                 | No            |                  2 | On Loan: No      |
| SAN MATEO CALIF UN HIGH SCH DIST                                             | SAN MATEO CALIF UN HIGH SCH DIST                                      | CUSIP: 88035FEX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    254000 | PA      | $254000.00    | 0.10%             | 2031-03-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| CHINO VY UNI SCH DIST CALIF                                                  | CHINO VY UNI SCH DIST CALIF                                           | CUSIP: 88035G8N1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.19%             | 2029-02-01      | Floating      | 2.29%                 | No            |                  2 | On Loan: No      |
| CALIF CCA CLEAN ENERGY PROJ (MS SERIES 2021B)                                | CALIF CCA CLEAN ENERGY PROJ (MS SERIES 2021B)                         | CUSIP: 88035HW69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.19%             | 2030-02-01      | Floating      | 2.28%                 | No            |                  2 | On Loan: No      |
| CENTRAL VALLEY ENERGY AUTH CALIF (PAC SERIES 2025)                           | CENTRAL VALLEY ENERGY AUTH CALIF (PAC SERIES 2025)                    | CUSIP: 88035J8W5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.19%             | 2033-02-01      | Floating      | 2.30%                 | No            |                  2 | On Loan: No      |
| CALIF CCA CLEAN ENERGY PROJ (MS SERIES 2023E)                                | CALIF CCA CLEAN ENERGY PROJ (MS SERIES 2023E)                         | CUSIP: 88035JCT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $275000.00    | 0.11%             | 2029-03-01      | Floating      | 2.28%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CALIF PUB FACS FING AUTH                                           | SAN DIEGO CALIF PUB FACS FING AUTH                                    | CUSIP: 88035M6Z3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.77%             | 2054-10-15      | Floating      | 2.31%                 | No            |                  2 | On Loan: No      |
| PITTSBURG CALIF PUB FING AUTH                                                | PITTSBURG CALIF PUB FING AUTH                                         | CUSIP: 88035PFN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 1.15%             | 2052-08-01      | Floating      | 2.31%                 | No            |                  2 | On Loan: No      |
| VENTURA CALIF UNI SCH DIST                                                   | VENTURA CALIF UNI SCH DIST                                            | CUSIP: 88035PYP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $160000.00    | 0.06%             | 2055-08-01      | Floating      | 3.15%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                               | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES               | CUSIP: 88035RK52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 1.92%             | 2054-09-01      | Floating      | 3.20%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY                                  | CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY                           | CUSIP: 88035RKG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4275000 | PA      | $4275000.00   | 1.64%             | 2055-10-01      | Floating      | 2.30%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                               | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES               | CUSIP: 88035RKR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1325000.00   | 0.51%             | 2053-05-15      | Floating      | 2.30%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN                              | SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN                       | CUSIP: 88035RLT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1690000.00   | 0.65%             | 2055-11-01      | Floating      | 2.28%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CALIF UNI SCH DIST                                                 | SAN DIEGO CALIF UNI SCH DIST                                          | CUSIP: 88035RMF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2010000 | PA      | $2010000.00   | 0.77%             | 2047-07-01      | Floating      | 2.31%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                               | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES               | CUSIP: 88035RS39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1875000.00   | 0.72%             | 2055-10-15      | Floating      | 2.28%                 | No            |                  2 | On Loan: No      |
| University of California                                                     | UNIV OF CALIFORNIA REVENUES                                           | CUSIP: 91412GSJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500000.00   | 1.34%             | 2048-05-15      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| University of California                                                     | UNIV OF CALIFORNIA REVENUES                                           | CUSIP: 91412GSK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3700000.00   | 1.42%             | 2048-05-15      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| University of California                                                     | UNIV OF CALIFORNIA CA REVENUES                                        | CUSIP: 91412HPW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.61%             | 2048-05-15      | Floating      | 1.65%                 | No            |                  2 | On Loan: No      |
| University of California                                                     | UNIV OF CALIFORNIA CA REVENUES                                        | CUSIP: 91412HTC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $403517.32    | 0.15%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                     | UNIV OF CALIFORNIA CA REVENUES                                        | CUSIP: 91412HTJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2200000.00   | 0.84%             | 2054-05-15      | Floating      | 1.99%                 | No            |                  2 | On Loan: No      |
| University of California                                                     | University of California                                              | CUSIP: 91412YDW3<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1000119.60   | 0.38%             | 2026-02-18      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| University of California                                                     | University of California                                              | CUSIP: 91412YEA0<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1500000 | PA      | $1500088.65   | 0.58%             | 2026-02-04      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| University of California                                                     | University of California                                              | CUSIP: 91412YED4<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1000046.20   | 0.38%             | 2026-02-05      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Western Municipal Water District Facilities Authority                        | WSTRN CA MUNI WTR DISTS FACS AUTH WTR REVENUE                         | CUSIP: 95874TBR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.38%             | 2042-10-01      | Floating      | 1.32%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                    | BlackRock Liquidity Funds: MuniCash, Institutional Shares             | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   1982610 | NS      | $1982808.46   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Yucaipa Valley Water District Financing Authority                            | YUCAIPA VLY WTR DIST FING AUTH REVENUE                                | CUSIP: 98840BBG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400850.72    | 0.15%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** BlackRock ETF Trust II

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer