# EDGAR Filing Document

**Accession Number:** 0000930667
**File Stem:** 0001410368-25-010160
**Filing Date:** 2025-9
**Character Count:** 383066
**Document Hash:** 7f6e1e016c6308908508a922db0c33e6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-010160.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-010160

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20251031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09102
- **FILM NUMBER:** 251338633

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

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

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

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

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

## Series and Classes Contracts Data

### iShares J.P. Morgan EM High Yield Bond ETF (Series ID: S000036777)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000112503 | iShares J.P. Morgan EM High Yield Bond ETF | EMHY            |

## Nport-Ex

Schedule of Investments (unaudited)

July 31, 2025

**iShares® J.P. Morgan EM High Yield Bond ETF**

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

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Angola — 0.2%** | **Angola — 0.2%** | **Angola — 0.2%** |
| Azule Energy Finance PLC, 8.13%, 01/23/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $800 | $803520 |
| **Argentina — 1.2%** | **Argentina — 1.2%** | **Argentina — 1.2%** |
| Pampa Energia SA, 7.88%, 12/16/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 400000 |
| Pluspetrol SA, 8.50%, 05/30/32<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 406750 |
| Telecom Argentina SA |  |  |
| &nbsp;&nbsp;&nbsp; 9.25%, 05/28/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 616500 |
| &nbsp;&nbsp;&nbsp; 9.50%, 07/18/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 500 | 524935 |
| Vista Energy Argentina SAU |  |  |
| &nbsp;&nbsp;&nbsp; 7.63%, 12/10/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 350 | 342108 |
| &nbsp;&nbsp;&nbsp; 8.50%, 06/10/33<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205200 |
| &nbsp;&nbsp;&nbsp; 8.50%, 06/10/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 102600 |
| YPF SA |  |  |
| &nbsp;&nbsp;&nbsp; 6.95%, 07/21/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 402 | 402402 |
| &nbsp;&nbsp;&nbsp; 7.00%, 09/30/33<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 400 | 380672 |
| &nbsp;&nbsp;&nbsp; 7.00%, 12/15/47<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 315 | 268931 |
| &nbsp;&nbsp;&nbsp; 8.25%, 01/17/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 650 | 654550 |
| &nbsp;&nbsp;&nbsp; 8.75%, 09/11/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 311475 |
| &nbsp;&nbsp;&nbsp; 9.00%, 06/30/29<sup>(a)(c)(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 412875 |
| &nbsp;&nbsp;&nbsp; 9.50%, 01/17/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 500 | 527655 |
|  |  | 5556653 |
| **Bahrain — 0.3%** | **Bahrain — 0.3%** | **Bahrain — 0.3%** |
| AUB Sukuk Ltd., 2.62%, 09/09/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194600 |
| Bapco Energies Sukuk Ltd., 6.25%, 01/29/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 606294 |
| BBK BSC, 6.88%, 06/06/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 404875 |
| GFH Senior Sukuk Ltd., 7.50%, 11/06/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199116 |
|  |  | 1404885 |
| **Brazil — 7.7%** | **Brazil — 7.7%** | **Brazil — 7.7%** |
| 3R Lux SARL, 9.75%, 02/05/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 411400 |
| Acu Petroleo Luxembourg SARL, 7.50%, 01/13/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 265 | 267109 |
| Adecoagro SA, 7.50%, 07/29/32<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 299775 |
| Aegea Finance SARL |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/20/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 401500 |
| &nbsp;&nbsp;&nbsp; 9.00%, 01/20/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 427000 |
| &nbsp;&nbsp;&nbsp; Amaggi Luxembourg International SARL, 5.25%, <br> 01/28/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 600 | 588000 |
| Ambipar Lux SARL, 9.88%, 02/06/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 362500 |
| B3 SA - Brasil Bolsa Balcao, 4.13%, 09/20/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 364200 |
| Banco Bradesco SA/Cayman Islands |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/18/27<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp; 400 | 398080 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/22/30<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp; 600 | 624600 |
| Banco BTG Pactual SA/Cayman Islands |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/22/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200638 |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/08/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 411550 |
| Banco do Brasil SA |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 09/30/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 392812 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/11/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 393800 |
| &nbsp;&nbsp;&nbsp; 6.00%, 03/18/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 406020 |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/18/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 614100 |
| &nbsp;&nbsp;&nbsp; 8.75%, (10-year CMT + 4.398%)<sup>(a)(d)(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 1002575 |
| &nbsp;&nbsp;&nbsp; Banco Votorantim SA/Luxembourg, 5.88%, <br> 04/08/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 405200 |
| Braskem America Finance Co., 7.13%, 07/22/41<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp; 400 | 261400 |
| Braskem Netherlands Finance BV |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/10/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 612000 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/31/30<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 703500 |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/31/50<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 235500 |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/13/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 423570 |
| &nbsp;&nbsp;&nbsp; 8.00%, 10/15/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 425250 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Brazil (continued)** | **Brazil (continued)** | **Brazil (continued)** |
| &nbsp;&nbsp;&nbsp; 8.50%, 01/12/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $400 | $313000 |
| BRF SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/24/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 382572 |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/21/50<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 327253 |
| Centrais Eletricas Brasileiras SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/04/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 380000 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/11/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 394880 |
| &nbsp;&nbsp;&nbsp; Constellation Oil Services Holding SA, 9.38%, <br> 11/07/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 410000 |
| Cosan Luxembourg SA, 5.50%, 09/20/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 390250 |
| Cosan Overseas Ltd., 8.25%<sup>(a)(f)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201312 |
| CSN Inova Ventures, 6.75%, 01/28/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 759464 |
| CSN Resources SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/10/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 473700 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/08/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 165400 |
| &nbsp;&nbsp;&nbsp; 8.88%, 12/05/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 395800 |
| FS Luxembourg Sarl, 8.63%, 06/25/33<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199375 |
| Gol Finance Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 14.38%, 06/06/30<sup>(b)(e)</sup> | &nbsp;&nbsp;&nbsp; 1200 | 1164000 |
| &nbsp;&nbsp;&nbsp; 14.38%, 06/06/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 97000 |
| Itau Unibanco Holding SA/Cayman Island |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 04/15/31, (5-year CMT + 3.446%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198360 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/27/30<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp; 800 | 820000 |
| &nbsp;&nbsp;&nbsp; 7.56%, (5-year CMT + 3.222%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200400 |
| &nbsp;&nbsp;&nbsp; 7.86%, (5-year CMT + 3.863%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 400 | 402092 |
| Klabin Austria GmbH |  |  |
| &nbsp;&nbsp;&nbsp; 3.20%, 01/12/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 354740 |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/03/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 405400 |
| &nbsp;&nbsp;&nbsp; 7.00%, 04/03/49<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 403652 |
| LD Celulose International GmbH, 7.95%, 01/26/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 418200 |
| MARB BondCo PLC, 3.95%, 01/29/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 707080 |
| &nbsp;&nbsp;&nbsp; MC Brazil Downstream Trading SARL, 7.25%, <br> 06/30/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 1095 | 886667 |
| Minerva Luxembourg SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/18/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 535578 |
| &nbsp;&nbsp;&nbsp; 8.88%, 09/13/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 651750 |
| Movida Europe SA, 7.85%, 04/11/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 374000 |
| Petrobras Global Finance BV |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/10/51<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 350 | 273263 |
| &nbsp;&nbsp;&nbsp; 5.60%, 01/03/31<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 475 | 481241 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/27/28<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 600 | 610335 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/13/35 | &nbsp;&nbsp;&nbsp; 650 | 629119 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/03/33<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 550 | 564886 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/27/41<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 600 | 592350 |
| &nbsp;&nbsp;&nbsp; 6.85%, 06/05/2115<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 800 | 711520 |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/20/40<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 450 | 451687 |
| &nbsp;&nbsp;&nbsp; 7.25%, 03/17/44<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 516 | 524875 |
| &nbsp;&nbsp;&nbsp; 7.38%, 01/17/27 | &nbsp;&nbsp;&nbsp; 400 | 412680 |
| Rede D'or Finance SARL |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/22/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 500 | 473540 |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/17/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197744 |
| Rumo Luxembourg SARL |  |  |
| &nbsp;&nbsp;&nbsp; 4.20%, 01/18/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 363544 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/10/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199063 |
| Sabesp Lux Sarl, 5.63%, 08/20/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 400400 |
| &nbsp;&nbsp;&nbsp; Samarco Mineracao SA, 9.50%, 06/30/31, (9.05 % <br> PIK)<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 2525 | 2496672 |
| Simpar Europe SA, 5.20%, 01/26/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 317356 |
| Trident Energy Finance PLC, 12.50%, 11/30/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 411876 |
| Usiminas International Sarl, 7.50%, 01/27/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 408350 |
| XP Inc., 6.75%, 07/02/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 407880 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® J.P. Morgan EM High Yield Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Brazil (continued)** | **Brazil (continued)** | **Brazil (continued)** |
| Yinson Bergenia Production BV, 8.50%, 01/31/45<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $800 | $827200 |
| Yinson Boronia Production BV, 8.95%, 07/31/42<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 589 | 634557 |
|  |  | 35434142 |
| **Cayman Islands — 0.2%** | **Cayman Islands — 0.2%** | **Cayman Islands — 0.2%** |
| &nbsp;&nbsp;&nbsp; Alinma Tier 1 Sukuk Ltd., 6.50%, (5-year CMT + <br> 2.201%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 600 | 608436 |
| Arabian Centres Sukuk III Ltd., 9.50%, 03/06/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 408000 |
|  |  | 1016436 |
| **Chile — 0.8%** | **Chile — 0.8%** | **Chile — 0.8%** |
| &nbsp;&nbsp;&nbsp; AES Andes SA, 8.15%, 06/10/55, (5-year CMT + <br> 3.835%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 418244 |
| Agrosuper SA, 4.60%, 01/20/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 350 | 327687 |
| &nbsp;&nbsp;&nbsp; ATP Tower Holdings / Andean Telecom Partners Chile <br> SpA / Andean Tower Partners C, 7.88%, <br> 02/03/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 202590 |
| Banco de Credito e Inversiones SA |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, , (5-year CMT + 3.767%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204024 |
| &nbsp;&nbsp;&nbsp; 8.75%, (5-year CMT + 4.944%)<sup>(a)(d)(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 400 | 426800 |
| Falabella SA, 3.38%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 348800 |
| Latam Airlines Group SA |  |  |
| &nbsp;&nbsp;&nbsp; 7.63%, 01/07/31<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 480 | 492600 |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 855 | 882531 |
| Telefonica Moviles Chile SA, 3.54%, 11/18/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 195563 |
|  |  | 3498839 |
| **China — 2.2%** | **China — 2.2%** | **China — 2.2%** |
| &nbsp;&nbsp;&nbsp; Bank of Communications Co. Ltd., 3.80%, (5-year <br> CMT + 3.345%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 1600 | 1593504 |
| Central Plaza Development Ltd., 6.80%, 04/07/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 402500 |
| Fortune Star BVI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.05%, 01/27/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 389875 |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/19/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 410000 |
| Franshion Brilliant Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 07/23/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 358500 |
| &nbsp;&nbsp;&nbsp; 6.00%, (5-year CMT + 5.584%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199088 |
| Greentown China Holdings Ltd., 8.45%, 02/24/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 409000 |
| Huarong Finance 2017 Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 11/07/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 591000 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/27/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 597562 |
| Huarong Finance 2019 Co. Ltd., 4.50%, 05/29/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 390875 |
| &nbsp;&nbsp;&nbsp; Industrial & Commercial Bank of China Ltd., 3.20%, <br> (5-year CMT + 2.368%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 3700 | 3634732 |
| Longfor Group Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 09/16/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 494250 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/16/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 179926 |
| &nbsp;&nbsp;&nbsp; Vanke Real Estate Hong Kong Co. Ltd., 3.98%, <br> 11/09/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 600 | 482700 |
|  |  | 10133512 |
| **Colombia — 2.9%** | **Colombia — 2.9%** | **Colombia — 2.9%** |
| &nbsp;&nbsp;&nbsp; ABRA Global Finance, 14.00%, 10/22/29, (6.00 % <br> Cash and 8.00 % PIK)<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 323 | 246050 |
| AI Candelaria Spain SA, 5.75%, 06/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 344996 |
| Banco Davivienda SA |  |  |
| &nbsp;&nbsp;&nbsp; 6.65%, (10-year CMT + 5.097%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 400 | 355250 |
| &nbsp;&nbsp;&nbsp; 8.13%, 07/02/35, (5-year CMT + 3.520%)<sup>(b)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202618 |
| &nbsp;&nbsp;&nbsp; Bancolombia SA, 8.63%, 12/24/34, (5-year CMT + <br> 4.320%)<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 600 | 636900 |
| Canacol Energy Ltd., 5.75%, 11/24/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 118528 |
| &nbsp;&nbsp;&nbsp; Colombia Telecomunicaciones SA ESP, 4.95%, <br> 07/17/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 176000 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Colombia (continued)** | **Colombia (continued)** | **Colombia (continued)** |
| Ecopetrol SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/02/31 | &nbsp;&nbsp;&nbsp; $700 | $603834 |
| &nbsp;&nbsp;&nbsp; 5.88%, 05/28/45<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1140 | 808112 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/02/51<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 450 | 307350 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/29/30<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1200 | 1201560 |
| &nbsp;&nbsp;&nbsp; 7.38%, 09/18/43<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 600 | 515610 |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/01/32 | &nbsp;&nbsp;&nbsp; 1200 | 1194600 |
| &nbsp;&nbsp;&nbsp; 8.38%, 01/19/36 | &nbsp;&nbsp;&nbsp; 1080 | 1065960 |
| &nbsp;&nbsp;&nbsp; 8.63%, 01/19/29<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 650 | 697743 |
| &nbsp;&nbsp;&nbsp; 8.88%, 01/13/33<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1450 | 1521050 |
| &nbsp;&nbsp;&nbsp; EnfraGen Energia Sur SA/EnfraGen Spain SA/Prime <br> Energia SpA, 5.38%, 12/30/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 361400 |
| Geopark Ltd., 8.75%, 01/31/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 345760 |
| Gran Tierra Energy Inc., 9.50%, 10/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 329000 |
| Grupo Aval Ltd., 4.38%, 02/04/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 550200 |
| Grupo Nutresa SA |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 05/12/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 632400 |
| &nbsp;&nbsp;&nbsp; 9.00%, 05/12/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 656100 |
| SierraCol Energy Andina LLC, 6.00%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 375600 |
|  |  | 13246621 |
| **Congo, The Democratic Republic — 0.1%** | **Congo, The Democratic Republic — 0.1%** | **Congo, The Democratic Republic — 0.1%** |
| Ivanhoe Mines Ltd., 7.88%, 01/23/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 401300 |
| **Czech Republic — 0.2%** | **Czech Republic — 0.2%** | **Czech Republic — 0.2%** |
| &nbsp;&nbsp;&nbsp; Allwyn Entertainment Financing U.K. PLC, 7.88%, <br> 04/30/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 416000 |
| Czechoslovak Group AS, 6.50%, 01/10/31<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 600 | 606534 |
|  |  | 1022534 |
| **Dominican Republic — 0.1%** | **Dominican Republic — 0.1%** | **Dominican Republic — 0.1%** |
| &nbsp;&nbsp;&nbsp; Aeropuertos Dominicanos Siglo XXI SA, 7.00%, <br> 06/30/34<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 412540 |
| **Ghana — 0.0%** | **Ghana — 0.0%** | **Ghana — 0.0%** |
| Kosmos Energy Ltd., 8.75%, 10/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 154300 |
| **Guatemala — 0.5%** | **Guatemala — 0.5%** | **Guatemala — 0.5%** |
| &nbsp;&nbsp;&nbsp; Central American Bottling Corp./CBC Bottling Holdco <br> SL/Beliv Holdco SL, 5.25%, 04/27/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 700 | 677453 |
| CT Trust, 5.13%, 02/03/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 374500 |
| &nbsp;&nbsp;&nbsp; Investment Energy Resources Ltd., 6.25%, <br> 04/26/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 392376 |
| Millicom International Cellular SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/27/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 549600 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/25/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 360 | 360450 |
|  |  | 2354379 |
| **Hong Kong — 1.1%** | **Hong Kong — 1.1%** | **Hong Kong — 1.1%** |
| &nbsp;&nbsp;&nbsp; Bank of East Asia Ltd. (The), 5.83%, (5-year CMT + <br> 5.527%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 250 | 249377 |
| &nbsp;&nbsp;&nbsp; CAS Capital No. 1 Ltd., 4.00%, (5-year CMT + <br> 3.642%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 393800 |
| China CITIC Bank International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, (5-year CMT + 2.530%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 500 | 492250 |
| &nbsp;&nbsp;&nbsp; 4.80%, (5-year CMT + 2.104%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 250 | 249695 |
| Li & Fung Ltd., 5.25%<sup>(a)(f)</sup> | &nbsp;&nbsp;&nbsp; 400 | 200000 |
| Melco Resorts Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 12/04/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 571500 |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/17/27<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp; 400 | 399000 |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/21/28<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp; 600 | 589500 |
| &nbsp;&nbsp;&nbsp; 7.63%, 04/17/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 410500 |
| &nbsp;&nbsp;&nbsp; Nanyang Commercial Bank Ltd., 6.50%, (5-year CMT <br> + 3.509%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 500 | 507135 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® J.P. Morgan EM High Yield Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Hong Kong (continued)** | **Hong Kong (continued)** | **Hong Kong (continued)** |
| NWD Finance BVI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, (5-year CMT + 5.858%)<sup>(a)(f)(h)(i)</sup> | &nbsp;&nbsp;&nbsp; $600 | $144600 |
| &nbsp;&nbsp;&nbsp; 4.80%<sup>(a)(f)(h)(i)</sup> | &nbsp;&nbsp;&nbsp; 400 | 89500 |
| &nbsp;&nbsp;&nbsp; 5.25%, (5-year CMT + 7.889%)<sup>(a)(f)(h)(i)</sup> | &nbsp;&nbsp;&nbsp; 600 | 165354 |
| &nbsp;&nbsp;&nbsp; 6.25%<sup>(a)(f)(h)(i)</sup> | &nbsp;&nbsp;&nbsp; 800 | 186000 |
| NWD MTN Ltd., 4.13%, 07/18/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 203000 |
| Seaspan Corp., 5.50%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 379448 |
|  |  | 5230659 |
| **Hungary — 0.2%** | **Hungary — 0.2%** | **Hungary — 0.2%** |
| OTP Bank Nyrt |  |  |
| &nbsp;&nbsp;&nbsp; 7.30%, 07/30/35, (5-year CMT + 2.861%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 414048 |
| &nbsp;&nbsp;&nbsp; 8.75%, 05/15/33, (5-year CMT + 5.060%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 429624 |
|  |  | 843672 |
| **India — 2.1%** | **India — 2.1%** | **India — 2.1%** |
| &nbsp;&nbsp;&nbsp; Axis Bank Ltd./Gandhinagar, 4.10%, (5-year CMT + <br> 3.315%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 389500 |
| Biocon Biologics Global PLC, 6.67%, 10/09/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 376000 |
| CA Magnum Holdings, 5.38%, 10/31/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 595275 |
| &nbsp;&nbsp;&nbsp; Continuum Green Energy India Pvt / Co-Issuers, <br> 7.50%, 06/26/33<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 386 | 396892 |
| Delhi International Airport Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 10/31/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 403800 |
| &nbsp;&nbsp;&nbsp; 6.45%, 06/04/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206120 |
| Greenko Power II Ltd., 4.30%, 12/13/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 478 | 451943 |
| &nbsp;&nbsp;&nbsp; Greenko Wind Projects Mauritius Ltd., 7.25%, <br> 09/27/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 600 | 609750 |
| &nbsp;&nbsp;&nbsp; HDFC Bank Ltd., 3.70%, (5-year CMT + <br> 2.925%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 600 | 583500 |
| IRB Infrastructure Developers Ltd., 7.11%, 03/11/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 403800 |
| JSW Hydro Energy Ltd., 4.13%, 05/18/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 284 | 263126 |
| JSW Steel Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 04/05/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194449 |
| &nbsp;&nbsp;&nbsp; 5.05%, 04/05/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 376400 |
| Muthoot Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 04/23/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 400000 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/14/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 409200 |
| Network i2i Ltd., 3.98%, (5-year CMT + 3.390%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197750 |
| &nbsp;&nbsp;&nbsp; ReNew Wind Energy AP2/ReNew Power Pvt Ltd. <br> other 9 Subsidiaries, 4.50%, 07/14/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 381000 |
| Shriram Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.15%, 04/03/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 402802 |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/22/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 406704 |
| UPL Corp. Ltd., 4.63%, 06/16/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 364400 |
| Vedanta Resources Finance II PLC |  |  |
| &nbsp;&nbsp;&nbsp; 9.48%, 07/24/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 395500 |
| &nbsp;&nbsp;&nbsp; 9.85%, 04/24/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 402000 |
| &nbsp;&nbsp;&nbsp; 10.88%, 09/17/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 817200 |
| &nbsp;&nbsp;&nbsp; 11.25%, 12/03/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208250 |
|  |  | 9635361 |
| **Indonesia — 0.2%** | **Indonesia — 0.2%** | **Indonesia — 0.2%** |
| &nbsp;&nbsp;&nbsp; Bank Negara Indonesia Persero Tbk PT, 4.30%, <br> (5-year CMT + 3.466%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 385500 |
| &nbsp;&nbsp;&nbsp; Garuda Indonesia Persero Tbk PT, 6.50%, 12/28/31, <br> (6.50 % Cash)<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 462 | 361740 |
| Medco Maple Tree Pte Ltd., 8.96%, 04/27/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 250 | 261563 |
|  |  | 1008803 |
| **Israel — 1.5%** | **Israel — 1.5%** | **Israel — 1.5%** |
| Energian Israel Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/30/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 325 | 311890 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/30/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 373000 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Israel (continued)** | **Israel (continued)** | **Israel (continued)** |
| &nbsp;&nbsp;&nbsp; 8.50%, 09/30/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; $500 | $516449 |
| Leviathan Bond Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/30/27<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 347813 |
| &nbsp;&nbsp;&nbsp; 6.75%, 06/30/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 375 | 370549 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Co. LLC, 6.15%, <br> 02/01/36<sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp; 500 | 505885 |
| Teva Pharmaceutical Finance Netherlands III BV |  |  |
| &nbsp;&nbsp;&nbsp; 3.15%, 10/01/26<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 707 | 690209 |
| &nbsp;&nbsp;&nbsp; 4.10%, 10/01/46 | &nbsp;&nbsp;&nbsp; 1250 | 880062 |
| &nbsp;&nbsp;&nbsp; 4.75%, 05/09/27 | &nbsp;&nbsp;&nbsp; 200 | 198412 |
| &nbsp;&nbsp;&nbsp; 5.13%, 05/09/29<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 800 | 799920 |
| &nbsp;&nbsp;&nbsp; 6.00%, 12/01/32 | &nbsp;&nbsp;&nbsp; 400 | 408000 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/28<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 800 | 826200 |
| &nbsp;&nbsp;&nbsp; 8.13%, 09/15/31 | &nbsp;&nbsp;&nbsp; 300 | 338865 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands IV BV, <br> 5.75%, 12/01/30<br>| &nbsp;&nbsp;&nbsp; 400 | 405120 |
|  |  | 6972374 |
| **Ivory Coast — 0.1%** | **Ivory Coast — 0.1%** | **Ivory Coast — 0.1%** |
| Endeavour Mining PLC, 7.00%, 05/28/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 406752 |
| **Jamaica — 0.1%** | **Jamaica — 0.1%** | **Jamaica — 0.1%** |
| &nbsp;&nbsp;&nbsp; Digicel Intermediate Holdings Ltd./Digicel International <br> Finance Ltd./Difl U.S., 12.00%, 05/25/27, (2.25% <br> PIK)<sup>(g)</sup><br>| &nbsp;&nbsp;&nbsp; 716 | 716085 |
| **Kuwait — 0.2%** | **Kuwait — 0.2%** | **Kuwait — 0.2%** |
| Kuwait Projects Co. SPC Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.23%, 10/29/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 374796 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/23/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 188376 |
| &nbsp;&nbsp;&nbsp; NBK Tier 1 Ltd., 6.38%, , (5-year CMT + <br> 2.042%)<sup>(b)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 203016 |
|  |  | 766188 |
| **Luxembourg — 0.3%** | **Luxembourg — 0.3%** | **Luxembourg — 0.3%** |
| Altice Financing SA |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 700 | 560210 |
| &nbsp;&nbsp;&nbsp; 5.75%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1200 | 918000 |
|  |  | 1478210 |
| **Macau — 0.8%** | **Macau — 0.8%** | **Macau — 0.8%** |
| MGM China Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 396500 |
| &nbsp;&nbsp;&nbsp; 7.13%, 06/26/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 416436 |
| Studio City Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 749000 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198000 |
| Wynn Macau Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 12/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 576678 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 398500 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/26/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 791280 |
|  |  | 3526394 |
| **Madagascar — 0.1%** | **Madagascar — 0.1%** | **Madagascar — 0.1%** |
| &nbsp;&nbsp;&nbsp; Axian Telecom Holding & Management PLC, 7.25%, <br> 07/11/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 400400 |
| **Mexico — 8.3%** | **Mexico — 8.3%** | **Mexico — 8.3%** |
| Alsea SAB de CV, 7.75%, 12/14/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201535 |
| Banco Mercantil del Norte SA/Grand Cayman |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, (5-year CMT + 4.643%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196062 |
| &nbsp;&nbsp;&nbsp; 6.63%, (10-year CMT + 5.034%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 400 | 370800 |
| &nbsp;&nbsp;&nbsp; 7.50%, (10-year CMT + 5.470%)<sup>(a)(d)(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 400 | 400800 |
| &nbsp;&nbsp;&nbsp; 7.63%, (10-year CMT + 5.353%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 403200 |
| &nbsp;&nbsp;&nbsp; 8.38%, , (5-year CMT + 4.072%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 400 | 408769 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® J.P. Morgan EM High Yield Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mexico (continued)** | **Mexico (continued)** | **Mexico (continued)** |
| &nbsp;&nbsp;&nbsp; 8.38%, (10-year CMT + 7.760%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; $400 | $422180 |
| &nbsp;&nbsp;&nbsp; 8.75%, , (10-year CMT + 4.299%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 400 | 408980 |
| BBVA Bancomer SA/Texas |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/18/33, (5-year CMT + 2.650%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 577950 |
| &nbsp;&nbsp;&nbsp; 5.88%, 09/13/34, (5-year CMT + 4.308%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 350 | 343963 |
| &nbsp;&nbsp;&nbsp; 7.63%, 02/11/35<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 617436 |
| &nbsp;&nbsp;&nbsp; 8.13%, 01/08/39, (5-year CMT + 4.214%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 625560 |
| &nbsp;&nbsp;&nbsp; 8.45%, 06/29/38, (5-year CMT + 4.661%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 638850 |
| Borr IHC Ltd./Borr Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; 10.00%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 712 | 679598 |
| &nbsp;&nbsp;&nbsp; 10.38%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 371 | 347694 |
| Braskem Idesa SAPI |  |  |
| &nbsp;&nbsp;&nbsp; 6.99%, 02/20/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 700 | 465500 |
| &nbsp;&nbsp;&nbsp; 7.45%, 11/15/29<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp; 600 | 423186 |
| &nbsp;&nbsp;&nbsp; Cemex SAB de CV, 7.20%, (5-year CMT + <br> 2.292%)<sup>(b)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 600 | 611700 |
| &nbsp;&nbsp;&nbsp; Cemex SAB De CV, 5.13%, (5-year CMT + <br> 4.534%)<sup>(a)(d)(e)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 500 | 494445 |
| Grupo Aeromexico SAB de CV |  |  |
| &nbsp;&nbsp;&nbsp; 8.25%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 392160 |
| &nbsp;&nbsp;&nbsp; 8.63%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 389000 |
| Nemak SAB de CV, 3.63%, 06/28/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 168850 |
| Petroleos Mexicanos |  |  |
| &nbsp;&nbsp;&nbsp; 5.35%, 02/12/28 | &nbsp;&nbsp;&nbsp; 1300 | 1265485 |
| &nbsp;&nbsp;&nbsp; 5.95%, 01/28/31<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 2200 | 2037200 |
| &nbsp;&nbsp;&nbsp; 6.35%, 02/12/48 | &nbsp;&nbsp;&nbsp; 1000 | 742300 |
| &nbsp;&nbsp;&nbsp; 6.38%, 01/23/45<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 700 | 525875 |
| &nbsp;&nbsp;&nbsp; 6.49%, 01/23/27 | &nbsp;&nbsp;&nbsp; 1000 | 1000000 |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/13/27 | &nbsp;&nbsp;&nbsp; 2360 | 2359363 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/23/29<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 725 | 720650 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/02/41<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 790600 |
| &nbsp;&nbsp;&nbsp; 6.63%, 06/15/35<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1700 | 1510815 |
| &nbsp;&nbsp;&nbsp; 6.70%, 02/16/32 | &nbsp;&nbsp;&nbsp; 4200 | 3990000 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/21/47<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 3300 | 2545950 |
| &nbsp;&nbsp;&nbsp; 6.84%, 01/23/30 | &nbsp;&nbsp;&nbsp; 1450 | 1426800 |
| &nbsp;&nbsp;&nbsp; 6.95%, 01/28/60<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 2350 | 1813260 |
| &nbsp;&nbsp;&nbsp; 7.69%, 01/23/50 | &nbsp;&nbsp;&nbsp; 4950 | 4176810 |
| &nbsp;&nbsp;&nbsp; 8.75%, 06/02/29 | &nbsp;&nbsp;&nbsp; 1200 | 1262748 |
| &nbsp;&nbsp;&nbsp; 10.00%, 02/07/33<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1200 | 1333740 |
| Saavi Energia Sarl, 8.88%, 02/10/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 700 | 730100 |
| &nbsp;&nbsp;&nbsp; Total Play Telecomunicaciones SA de CV, 11.13%, <br> 12/31/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 580 | 557131 |
|  |  | 38377045 |
| **Moldova — 0.1%** | **Moldova — 0.1%** | **Moldova — 0.1%** |
| &nbsp;&nbsp;&nbsp; Aragvi Finance International DAC, 11.13%, <br> 11/20/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 401196 |
| **Morocco — 0.8%** | **Morocco — 0.8%** | **Morocco — 0.8%** |
| OCP SA |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 06/23/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 541176 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/23/51<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 306528 |
| &nbsp;&nbsp;&nbsp; 6.10%, 04/30/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 406460 |
| &nbsp;&nbsp;&nbsp; 6.70%, 03/01/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 607002 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/02/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 831925 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/25/44<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 390734 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/02/54<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 606663 |
|  |  | 3690488 |
| **Netherlands — 0.1%** | **Netherlands — 0.1%** | **Netherlands — 0.1%** |
| Veon Midco BV, 3.38%, 11/25/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 555000 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Nigeria — 0.4%** | **Nigeria — 0.4%** | **Nigeria — 0.4%** |
| Access Bank PLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/21/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $200 | $198178 |
| &nbsp;&nbsp;&nbsp; 9.13%, (5-year CMT + 8.070%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 400 | 389864 |
| IHS Holding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 11/29/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 393280 |
| &nbsp;&nbsp;&nbsp; 7.88%, 05/29/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202266 |
| &nbsp;&nbsp;&nbsp; 8.25%, 11/29/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 407468 |
| SEPLAT Energy PLC, 9.13%, 03/21/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 411000 |
|  |  | 2002056 |
| **Oman — 0.3%** | **Oman — 0.3%** | **Oman — 0.3%** |
| EDO Sukuk Ltd., 5.88%, 09/21/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 650 | 675799 |
| Otel Sukuk Ltd., 5.38%, 01/24/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201938 |
| Oztel Holdings SPC Ltd., 6.63%, 04/24/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 450 | 467865 |
|  |  | 1345602 |
| **Panama — 0.4%** | **Panama — 0.4%** | **Panama — 0.4%** |
| &nbsp;&nbsp;&nbsp; AES Panama Generation Holdings SRL, 4.38%, <br> 05/31/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 753 | 684177 |
| C&W Senior Finance Ltd., 9.00%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 412400 |
| Sable International Finance Ltd., 7.13%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 599658 |
| Telecomunicaciones Digitales SA, 4.50%, 01/30/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 373000 |
|  |  | 2069235 |
| **Paraguay — 0.0%** | **Paraguay — 0.0%** | **Paraguay — 0.0%** |
| &nbsp;&nbsp;&nbsp; Bioceanico Sovereign Certificate Ltd., 0.00%, <br> 06/05/34<sup>(a)(j)</sup><br>| &nbsp;&nbsp;&nbsp; 259 | 205114 |
| **Peru — 0.9%** | **Peru — 0.9%** | **Peru — 0.9%** |
| Banco de Credito del Peru SA |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 09/30/31, (5-year CMT + 2.450%)<sup>(a)(d)(e)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196312 |
| &nbsp;&nbsp;&nbsp; 5.80%, 03/10/35, (5-year CMT + 2.240%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 400752 |
| &nbsp;&nbsp;&nbsp; 6.45%, 07/30/35, (1-day SOFR + 1.140%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 500 | 515000 |
| Cia de Minas Buenaventura SAA, 6.80%, 02/04/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 407540 |
| &nbsp;&nbsp;&nbsp; Hunt Oil Co. of Peru LLC Sucursal Del Peru, 7.75%, <br> 11/05/38<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 422680 |
| Minsur SA, 4.50%, 10/28/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 375020 |
| Peru LNG SRL, 5.38%, 03/22/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 500 | 474413 |
| Petroleos del Peru SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/19/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 479814 |
| &nbsp;&nbsp;&nbsp; 5.63%, 06/19/47<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1100 | 735350 |
|  |  | 4006881 |
| **Philippines — 0.6%** | **Philippines — 0.6%** | **Philippines — 0.6%** |
| &nbsp;&nbsp;&nbsp; Globe Telecom Inc., 4.20%, (5-year CMT + <br> 5.527%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 394400 |
| JGSH Philippines Ltd., 4.13%, 07/09/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 387375 |
| Manila Water Co. Inc., 4.38%, 07/30/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 390500 |
| Petron Corp., 5.95%, (5-year CMT + 7.574%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198726 |
| San Miguel Global Power Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 8.13%, (1-year CMT + 6.404%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 400 | 393000 |
| &nbsp;&nbsp;&nbsp; 8.75%, (5-year CMT + 7.732%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 600 | 600000 |
| &nbsp;&nbsp;&nbsp; SMC Global Power Holdings Corp., 5.45%, (5-year <br> CMT + 7.155%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 388000 |
| SMIC SG Holdings Pte Ltd., 5.38%, 07/24/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203250 |
|  |  | 2955251 |
| **Poland — 0.1%** | **Poland — 0.1%** | **Poland — 0.1%** |
| Canpack SA/Canpack U.S. LLC, 3.88%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 372000 |
| **Qatar — 0.1%** | **Qatar — 0.1%** | **Qatar — 0.1%** |
| &nbsp;&nbsp;&nbsp; Commercial Bank PSQC (The), 4.50%, (5-year CMT + <br> 3.874%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 391924 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® J.P. Morgan EM High Yield Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Saudi Arabia — 0.8%** | **Saudi Arabia — 0.8%** | **Saudi Arabia — 0.8%** |
| &nbsp;&nbsp;&nbsp; Alinma At1 Sukuk Ltd., 6.50%, , (5-year EURIBOR <br> ICE Swap + 2.239%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; $400 | $404792 |
| Arabian Centres Sukuk II Ltd., 5.63%, 10/07/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 377124 |
| &nbsp;&nbsp;&nbsp; BAB Usd At1 Sukuk Ltd., 6.50%, , (6-year CMT + <br> 1.956%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 399500 |
| &nbsp;&nbsp;&nbsp; Banque Saudi Fransi, 6.38%, , (1-year CMT + <br> 1.350%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 397672 |
| Dar Al-Arkan Sukuk Co. Ltd., 8.00%, 02/25/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 413684 |
| &nbsp;&nbsp;&nbsp; Riyad T1 Sukuk Ltd., 5.50%, , (5-year CMT + <br> 1.914%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 390180 |
| &nbsp;&nbsp;&nbsp; Riyad Tier 1 Sukuk Ltd., 4.00%, (5-year CMT + <br> 2.170%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 384125 |
| SAB AT1 Ltd., 6.50%, , (5-year CMT + 2.359%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 400 | 405600 |
| &nbsp;&nbsp;&nbsp; Saib Tier 1 Sukuk Ltd., 6.38%, , (5-year CMT + <br> 2.087%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 404500 |
|  |  | 3577177 |
| **Serbia — 0.1%** | **Serbia — 0.1%** | **Serbia — 0.1%** |
| &nbsp;&nbsp;&nbsp; Telecommunications Co. Telekom Srbija AD Belgrade, <br> 7.00%, 10/28/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 600 | 599665 |
| **Singapore — 0.4%** | **Singapore — 0.4%** | **Singapore — 0.4%** |
| GLP Pte Ltd., 4.50%, (5-year CMT + 3.735%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 600 | 331500 |
| Puma International Financing SA, 7.75%, 04/25/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206983 |
| Singapore Airlines Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 01/19/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 385328 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/21/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 410872 |
| &nbsp;&nbsp;&nbsp; Yinson Production Financial Services Pte Ltd., 9.63%, <br> 05/03/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 300 | 312564 |
|  |  | 1647247 |
| **South Africa — 1.0%** | **South Africa — 1.0%** | **South Africa — 1.0%** |
| &nbsp;&nbsp;&nbsp; Absa Group Ltd., 6.38%, (5-year CMT + <br> 5.411%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 199000 |
| Eskom Holdings SOC Ltd., 6.35%, 08/10/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 609498 |
| &nbsp;&nbsp;&nbsp; Liquid Telecommunications Financing PLC, 5.50%, <br> 09/04/26<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 340876 |
| MTN Mauritius Investments Ltd., 6.50%, 10/13/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 402876 |
| Sasol Financing USA LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 09/18/26 | &nbsp;&nbsp;&nbsp; 400 | 394800 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/18/31 | &nbsp;&nbsp;&nbsp; 400 | 331780 |
| &nbsp;&nbsp;&nbsp; 6.50%, 09/27/28<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 400 | 385100 |
| &nbsp;&nbsp;&nbsp; 8.75%, 05/03/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 700 | 698250 |
| Stillwater Mining Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/16/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196126 |
| &nbsp;&nbsp;&nbsp; 4.50%, 11/16/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 364300 |
| Transnet SOC Ltd., 8.25%, 02/06/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 623898 |
|  |  | 4546504 |
| **Spain — 0.1%** | **Spain — 0.1%** | **Spain — 0.1%** |
| &nbsp;&nbsp;&nbsp; Turkiye Garanti Bankasi AS, 8.13%, 01/08/36, (5-year <br> CMT + 2.360%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 405630 |
| **Supranational — 0.1%** | **Supranational — 0.1%** | **Supranational — 0.1%** |
| &nbsp;&nbsp;&nbsp; Eastern & Southern African Trade & Development <br> Bank (The), 4.13%, 06/30/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 360000 |
| **Switzerland — 0.1%** | **Switzerland — 0.1%** | **Switzerland — 0.1%** |
| Consolidated Energy Finance SA |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 10/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 251250 |
| &nbsp;&nbsp;&nbsp; 12.00%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 282000 |
|  |  | 533250 |
| **Tanzania — 0.1%** | **Tanzania — 0.1%** | **Tanzania — 0.1%** |
| HTA Group Ltd./Mauritius, 7.50%, 06/04/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 412624 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Thailand — 0.5%** | **Thailand — 0.5%** | **Thailand — 0.5%** |
| Bangkok Bank PCL/Hong Kong |  |  |
| &nbsp;&nbsp;&nbsp; 3.73%, 09/25/34, (5-year CMT + 1.900%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; $800 | $744484 |
| &nbsp;&nbsp;&nbsp; 5.00%, (5-year CMT + 4.729%)<sup>(f)</sup> | &nbsp;&nbsp;&nbsp; 400 | 399360 |
| &nbsp;&nbsp;&nbsp; Kasikornbank PCL/Hong Kong, 3.34%, 10/02/31, <br> (5-year CMT + 1.700%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 600 | 584778 |
| &nbsp;&nbsp;&nbsp; Krung Thai Bank PCL/Cayman Islands, 4.40%, <br> (5-year CMT + 3.530%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 395500 |
|  |  | 2124122 |
| **Togo — 0.1%** | **Togo — 0.1%** | **Togo — 0.1%** |
| Ecobank Transnational Inc., 10.13%, 10/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 423376 |
| **Trinidad And Tobago — 0.1%** | **Trinidad And Tobago — 0.1%** | **Trinidad And Tobago — 0.1%** |
| &nbsp;&nbsp;&nbsp; Port of Spain Waterfront Development, 7.88%, <br> 02/19/40<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 392000 |
| **Turkey — 3.6%** | **Turkey — 3.6%** | **Turkey — 3.6%** |
| Akbank TAS |  |  |
| &nbsp;&nbsp;&nbsp; 6.80%, 06/22/31, (5-year CMT + 6.015%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 399340 |
| &nbsp;&nbsp;&nbsp; 7.50%, 01/20/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205562 |
| &nbsp;&nbsp;&nbsp; 7.88%, 09/04/35, (5-year CMT + 3.726%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200376 |
| &nbsp;&nbsp;&nbsp; 9.37%, (5-year CMT + 5.270%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 400 | 415000 |
| &nbsp;&nbsp;&nbsp; Anadolu Efes Biracilik Ve Malt Sanayii A/S, 3.38%, <br> 06/29/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 362000 |
| Arcelik A/S, 8.50%, 09/25/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 207830 |
| Aydem Yenilenebilir Enerji A/S, 7.75%, 02/02/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 360 | 356047 |
| Coca-Cola Icecek A/S, 4.50%, 01/20/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194550 |
| &nbsp;&nbsp;&nbsp; Eregli Demir ve Celik Fabrikalari TAS, 8.38%, <br> 07/23/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 600 | 622009 |
| Ford Otomotiv Sanayi AS, 7.13%, 04/25/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201875 |
| GDZ Elektrik Dagitim AS, 9.00%, 10/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 389000 |
| &nbsp;&nbsp;&nbsp; Limak Cimento Sanayi ve Ticaret AS, 9.75%, <br> 07/25/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 409624 |
| Limak Yenilenebilir Enerji AS, 9.63%, 08/12/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 398371 |
| &nbsp;&nbsp;&nbsp; Mersin Uluslararasi Liman Isletmeciligi AS, 8.25%, <br> 11/15/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 416500 |
| Pegasus Hava Tasimaciligi AS, 8.00%, 09/11/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 403876 |
| QNB Bank AS, 7.25%, 05/21/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 207964 |
| Sisecam U.K. PLC |  |  |
| &nbsp;&nbsp;&nbsp; 8.25%, 05/02/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 409228 |
| &nbsp;&nbsp;&nbsp; 8.63%, 05/02/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 617436 |
| Turk Telekomunikasyon AS, 7.38%, 05/20/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 410468 |
| Turkcell Iletisim Hizmetleri AS |  |  |
| &nbsp;&nbsp;&nbsp; 5.80%, 04/11/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198875 |
| &nbsp;&nbsp;&nbsp; 7.45%, 01/24/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205300 |
| &nbsp;&nbsp;&nbsp; 7.65%, 01/24/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 412376 |
| Turkiye Garanti Bankasi AS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.18%, 05/24/27, (5-year USD ICE Swap + <br> 4.220%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 203688 |
| &nbsp;&nbsp;&nbsp; 8.13%, 01/03/35, (5-year CMT + 3.836%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 406240 |
| &nbsp;&nbsp;&nbsp; 8.38%, 02/28/34, (5-year CMT + 4.090%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 410428 |
| Turkiye Is Bankasi AS |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 06/12/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206771 |
| &nbsp;&nbsp;&nbsp; 9.13%, , (5-year CMT + 4.633%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 200 | 207062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.19%, 06/29/28, (5-year USD Swap + <br> 5.117%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 425331 |
| Turkiye Vakiflar Bankasi TAO |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/07/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 399000 |
| &nbsp;&nbsp;&nbsp; 7.25%, 07/31/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 400400 |
| &nbsp;&nbsp;&nbsp; 8.99%, 10/05/34, (5-year CMT + 4.669%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 416000 |
| &nbsp;&nbsp;&nbsp; 9.00%, 10/12/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 426796 |
| &nbsp;&nbsp;&nbsp; 10.12%, (5-year CMT + 5.493%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 400 | 423376 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® J.P. Morgan EM High Yield Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Turkey (continued)** | **Turkey (continued)** | **Turkey (continued)** |
| TVF Varlik Kiralama AS, 6.95%, 01/23/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $600 | $608062 |
| Ulker Biskuvi Sanayi AS, 7.88%, 07/08/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 414000 |
| &nbsp;&nbsp;&nbsp; Vestel Elektronik Sanayi ve Ticaret AS, 9.75%, <br> 05/15/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 163688 |
| WE Soda Investments Holding PLC |  |  |
| &nbsp;&nbsp;&nbsp; 9.38%, 02/14/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 418940 |
| &nbsp;&nbsp;&nbsp; 9.50%, 10/06/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 626625 |
| Yapi ve Kredi Bankasi A/S |  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 10/10/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 403300 |
| &nbsp;&nbsp;&nbsp; 7.88%, 01/22/31, (5-year CMT + 7.415%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 402376 |
| &nbsp;&nbsp;&nbsp; 9.25%, 10/16/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 430500 |
| &nbsp;&nbsp;&nbsp; 9.25%, 01/17/34, (5-year CMT + 5.278%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 419772 |
| &nbsp;&nbsp;&nbsp; 9.74%, (5-year CMT + 5.499%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 400 | 419375 |
| Yapi ve Kredi Bankasi AS, 7.25%, 03/03/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201876 |
| Zorlu Enerji Elektrik Uretim AS, 11.00%, 04/23/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 583212 |
|  |  | 16660425 |
| **Ukraine — 0.0%** | **Ukraine — 0.0%** | **Ukraine — 0.0%** |
| Metinvest BV, 7.75%, 10/17/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 150000 |
| **United Arab Emirates — 1.9%** | **United Arab Emirates — 1.9%** | **United Arab Emirates — 1.9%** |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Commercial Bank PJSC, 8.00%, (5-year <br> CMT + 3.524%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 422630 |
| &nbsp;&nbsp;&nbsp; Adib Capital Invest 3 Ltd., 7.25%, (5-year CMT + <br> 3.059%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 415172 |
| Alpha Star Holding IX Ltd., 7.00%, 08/26/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 408252 |
| Alpha Star Holding VIII Ltd., 8.38%, 04/12/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 414750 |
| Arada Sukuk 2 Ltd., 8.00%, 06/24/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205930 |
| Arada Sukuk Ltd., 8.13%, 06/08/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 409740 |
| Binghatti Sukuk SPC Ltd., 9.63%, 02/28/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206375 |
| &nbsp;&nbsp;&nbsp; Commercial Bank of Dubai PSC, 6.00%, (6-year CMT <br> + 5.597%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 399252 |
| &nbsp;&nbsp;&nbsp; DIB Tier 1 Sukuk 4 Ltd., 4.63%, (6-year CMT + <br> 4.077%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 600 | 591563 |
| &nbsp;&nbsp;&nbsp; DIB Tier 1 Sukuk 6 Ltd., 5.25%, , (6-year CMT + <br> 1.334%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 395016 |
| &nbsp;&nbsp;&nbsp; DP World Salaam, 6.00%, (5-year CMT + <br> 5.750%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 800 | 799500 |
| Emirates NBD Bank PJSC |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, (6-year CMT + 3.155%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 400 | 387876 |
| &nbsp;&nbsp;&nbsp; 6.13%, (6-year CMT + 5.702%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 600 | 601312 |
| &nbsp;&nbsp;&nbsp; 6.25%, , (6-year CMT + 1.839%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 600 | 612444 |
| &nbsp;&nbsp;&nbsp; MAF Global Securities Ltd., 7.88%, (5-year CMT + <br> 4.893%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 206312 |
| &nbsp;&nbsp;&nbsp; Mashreqbank PSC, 7.13%, (5-year CMT + <br> 2.705%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 412252 |
| Omniyat Sukuk 1 Ltd., 8.38%, 05/06/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 411412 |
| Shelf Drilling Holdings Ltd., 9.63%, 04/15/29<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp; 585 | 497835 |
| &nbsp;&nbsp;&nbsp; SIB Tier 1 Sukuk Iind Ltd., 6.13%, , (5-year CMT + <br> 1.780%)<sup>(a)(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 199238 |
| Sobha Sukuk Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 02/19/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 409500 |
| &nbsp;&nbsp;&nbsp; 8.75%, 07/17/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 416468 |
|  |  | 8822829 |
| **United Kingdom — 0.8%** | **United Kingdom — 0.8%** | **United Kingdom — 0.8%** |
| Standard Chartered PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.30%, (5-year CMT + 3.135%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 800 | 751000 |
| &nbsp;&nbsp;&nbsp; 4.75%, (5-year CMT + 3.805%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 800 | 732208 |
| &nbsp;&nbsp;&nbsp; 7.63%, , (5-year CMT + 3.023%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 700 | 723730 |
| &nbsp;&nbsp;&nbsp; 7.75%, (5-year CMT + 4.976%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 800 | 829836 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United Kingdom (continued)** | **United Kingdom (continued)** | **United Kingdom (continued)** |
| &nbsp;&nbsp;&nbsp; 7.88%, (5-year CMT + 3.574%)<sup>(a)(d)(f)</sup> | &nbsp;&nbsp;&nbsp; $600 | $632250 |
|  |  | 3669024 |
| **United States — 0.4%** | **United States — 0.4%** | **United States — 0.4%** |
| Avianca Midco 2 PLC |  |  |
| &nbsp;&nbsp;&nbsp; 9.00%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 650 | 616687 |
| &nbsp;&nbsp;&nbsp; 9.63%, 02/14/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 558000 |
| Playtika Holding Corp., 4.25%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 274545 |
| Sagicor Financial Co. Ltd., 5.30%, 05/13/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 394776 |
|  |  | 1844008 |
| **Zambia — 0.6%** | **Zambia — 0.6%** | **Zambia — 0.6%** |
| First Quantum Minerals Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 10/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 483 | 482396 |
| &nbsp;&nbsp;&nbsp; 8.00%, 03/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 618000 |
| &nbsp;&nbsp;&nbsp; 8.63%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 830000 |
| &nbsp;&nbsp;&nbsp; 9.38%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 1056250 |
|  |  | 2986646 |
| **Total Corporate Bonds & Notes — 45.9%** <br>**(Cost: $215,820,368)** | **Total Corporate Bonds & Notes — 45.9%** <br>**(Cost: $215,820,368)** | 211950878 |
| **Foreign Government Obligations**<sup>(k)</sup> | **Foreign Government Obligations**<sup>(k)</sup> | **Foreign Government Obligations**<sup>(k)</sup> |
| **Angola — 0.9%** | **Angola — 0.9%** | **Angola — 0.9%** |
| Angolan Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 11/26/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 932190 |
| &nbsp;&nbsp;&nbsp; 8.25%, 05/09/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 967500 |
| &nbsp;&nbsp;&nbsp; 8.75%, 04/14/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1100 | 998591 |
| &nbsp;&nbsp;&nbsp; 9.13%, 11/26/49<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 633248 |
| &nbsp;&nbsp;&nbsp; 9.38%, 05/08/48<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 811563 |
|  |  | 4343092 |
| **Argentina — 5.4%** | **Argentina — 5.4%** | **Argentina — 5.4%** |
| Argentina Republic Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 1.00%, 07/09/29 | &nbsp;&nbsp;&nbsp; 1306 | 1056563 |
| &nbsp;&nbsp;&nbsp; 1.75%, 07/09/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 7820 | 6009996 |
| &nbsp;&nbsp;&nbsp; 3.50%, 07/09/41<sup>(c)(e)</sup> | &nbsp;&nbsp;&nbsp; 6369 | 3865745 |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/09/46<sup>(c)(e)</sup> | &nbsp;&nbsp;&nbsp; 1161 | 738928 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/09/35<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 12590 | 8266594 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/09/38<sup>(c)(e)</sup> | &nbsp;&nbsp;&nbsp; 6961 | 4855654 |
|  |  | 24793480 |
| **Bahrain — 2.5%** | **Bahrain — 2.5%** | **Bahrain — 2.5%** |
| Bahrain Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/25/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 557280 |
| &nbsp;&nbsp;&nbsp; 5.45%, 09/16/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 565734 |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/30/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 578472 |
| &nbsp;&nbsp;&nbsp; 5.63%, 05/18/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 558318 |
| &nbsp;&nbsp;&nbsp; 6.00%, 09/19/44<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 686000 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/20/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 821248 |
| &nbsp;&nbsp;&nbsp; 7.00%, 10/12/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1100 | 1136094 |
| &nbsp;&nbsp;&nbsp; 7.38%, 05/14/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 630078 |
| &nbsp;&nbsp;&nbsp; 7.50%, 02/12/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 632850 |
| &nbsp;&nbsp;&nbsp; 7.75%, 04/18/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 642774 |
| CBB International Sukuk Programme Co. WLL |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 05/18/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 550 | 517764 |
| &nbsp;&nbsp;&nbsp; 3.95%, 09/16/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 700 | 675066 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/30/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 589050 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/05/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 806224 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/12/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 611838 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/18/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 615675 |
| &nbsp;&nbsp;&nbsp; 6.25%, 07/07/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 1004880 |
|  |  | 11629345 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® J.P. Morgan EM High Yield Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Bolivia — 0.1%** | **Bolivia — 0.1%** | **Bolivia — 0.1%** |
| &nbsp;&nbsp;&nbsp; Bolivian Government International Bond, 4.50%, <br> 03/20/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; $600 | $458100 |
| **Brazil — 4.9%** | **Brazil — 4.9%** | **Brazil — 4.9%** |
| Brazil Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/14/50<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 2450 | 1715000 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/27/45<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1900 | 1430700 |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/07/41<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1300 | 1160900 |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/21/47 | &nbsp;&nbsp;&nbsp; 1800 | 1465200 |
| &nbsp;&nbsp;&nbsp; 6.13%, 01/22/32 | &nbsp;&nbsp;&nbsp; 1100 | 1119800 |
| &nbsp;&nbsp;&nbsp; 7.13%, 01/20/37<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 1073000 |
| &nbsp;&nbsp;&nbsp; 7.13%, 05/13/54 | &nbsp;&nbsp;&nbsp; 1300 | 1246700 |
| &nbsp;&nbsp;&nbsp; 8.25%, 01/20/34<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 800 | 914800 |
| Brazilian Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 09/12/31<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 950 | 850250 |
| &nbsp;&nbsp;&nbsp; 3.88%, 06/12/30 | &nbsp;&nbsp;&nbsp; 2100 | 1978200 |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/30/29 | &nbsp;&nbsp;&nbsp; 1000 | 980500 |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/13/28 | &nbsp;&nbsp;&nbsp; 1600 | 1596800 |
| &nbsp;&nbsp;&nbsp; 5.50%, 11/06/30 | &nbsp;&nbsp;&nbsp; 800 | 801400 |
| &nbsp;&nbsp;&nbsp; 6.00%, 10/20/33 | &nbsp;&nbsp;&nbsp; 1200 | 1182924 |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/15/34<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1400 | 1385300 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/18/31 | &nbsp;&nbsp;&nbsp; 1200 | 1234800 |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/15/35 | &nbsp;&nbsp;&nbsp; 2400 | 2412000 |
|  |  | 22548274 |
| **Colombia — 4.9%** | **Colombia — 4.9%** | **Colombia — 4.9%** |
| Colombia Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 01/30/30 | &nbsp;&nbsp;&nbsp; 900 | 790200 |
| &nbsp;&nbsp;&nbsp; 3.13%, 04/15/31 | &nbsp;&nbsp;&nbsp; 1400 | 1176000 |
| &nbsp;&nbsp;&nbsp; 3.25%, 04/22/32 | &nbsp;&nbsp;&nbsp; 1400 | 1137738 |
| &nbsp;&nbsp;&nbsp; 3.88%, 04/25/27 | &nbsp;&nbsp;&nbsp; 1000 | 980282 |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/15/61<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 800 | 438400 |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/22/42 | &nbsp;&nbsp;&nbsp; 600 | 393000 |
| &nbsp;&nbsp;&nbsp; 4.13%, 05/15/51<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 596000 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/15/29 | &nbsp;&nbsp;&nbsp; 1200 | 1149000 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/45 | &nbsp;&nbsp;&nbsp; 2800 | 1947904 |
| &nbsp;&nbsp;&nbsp; 5.20%, 05/15/49<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1650 | 1139440 |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/26/44 | &nbsp;&nbsp;&nbsp; 1400 | 1063160 |
| &nbsp;&nbsp;&nbsp; 6.13%, 01/18/41<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1400 | 1171800 |
| &nbsp;&nbsp;&nbsp; 7.38%, 04/25/30 | &nbsp;&nbsp;&nbsp; 1200 | 1255731 |
| &nbsp;&nbsp;&nbsp; 7.38%, 09/18/37 | &nbsp;&nbsp;&nbsp; 1050 | 1022248 |
| &nbsp;&nbsp;&nbsp; 7.50%, 02/02/34 | &nbsp;&nbsp;&nbsp; 1400 | 1421000 |
| &nbsp;&nbsp;&nbsp; 7.75%, 11/07/36 | &nbsp;&nbsp;&nbsp; 1200 | 1196700 |
| &nbsp;&nbsp;&nbsp; 8.00%, 04/20/33 | &nbsp;&nbsp;&nbsp; 889 | 935228 |
| &nbsp;&nbsp;&nbsp; 8.00%, 11/14/35 | &nbsp;&nbsp;&nbsp; 1200 | 1231200 |
| &nbsp;&nbsp;&nbsp; 8.38%, 11/07/54 | &nbsp;&nbsp;&nbsp; 1000 | 972000 |
| &nbsp;&nbsp;&nbsp; 8.50%, 04/25/35 | &nbsp;&nbsp;&nbsp; 1100 | 1166000 |
| &nbsp;&nbsp;&nbsp; 8.75%, 11/14/53 | &nbsp;&nbsp;&nbsp; 1200 | 1219200 |
|  |  | 22402231 |
| **Costa Rica — 0.9%** | **Costa Rica — 0.9%** | **Costa Rica — 0.9%** |
| Costa Rica Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 02/19/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 618000 |
| &nbsp;&nbsp;&nbsp; 6.55%, 04/03/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 1044000 |
| &nbsp;&nbsp;&nbsp; 7.00%, 04/04/44<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 650 | 662752 |
| &nbsp;&nbsp;&nbsp; 7.16%, 03/12/45<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 826270 |
| &nbsp;&nbsp;&nbsp; 7.30%, 11/13/54<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 895 | 928406 |
|  |  | 4079428 |
| **Dominican Republic — 3.4%** | **Dominican Republic — 3.4%** | **Dominican Republic — 3.4%** |
| Dominican Republic International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/30/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1300 | 1239550 |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/23/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1900 | 1755766 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Dominican Republic (continued)** | **Dominican Republic (continued)** | **Dominican Republic (continued)** |
| &nbsp;&nbsp;&nbsp; 5.30%, 01/21/41<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $850 | $737800 |
| &nbsp;&nbsp;&nbsp; 5.50%, 02/22/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1100 | 1098350 |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/30/60<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2000 | 1686000 |
| &nbsp;&nbsp;&nbsp; 5.95%, 01/25/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 950 | 958075 |
| &nbsp;&nbsp;&nbsp; 6.00%, 07/19/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 814400 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/22/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 994281 |
| &nbsp;&nbsp;&nbsp; 6.40%, 06/05/49<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 850 | 808244 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/48<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 576750 |
| &nbsp;&nbsp;&nbsp; 6.85%, 01/27/45<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1200 | 1201500 |
| &nbsp;&nbsp;&nbsp; 6.95%, 03/15/37<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1200 | 1227900 |
| &nbsp;&nbsp;&nbsp; 7.05%, 02/03/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 725 | 762700 |
| &nbsp;&nbsp;&nbsp; 7.15%, 02/24/55 | &nbsp;&nbsp;&nbsp; 650 | 660400 |
| &nbsp;&nbsp;&nbsp; 7.45%, 04/30/44<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 1054250 |
|  |  | 15575966 |
| **Ecuador — 1.3%** | **Ecuador — 1.3%** | **Ecuador — 1.3%** |
| Ecuador Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 07/31/30<sup>(a)(j)</sup> | &nbsp;&nbsp;&nbsp; 632 | 453213 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/31/40<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 1853 | 1154134 |
| &nbsp;&nbsp;&nbsp; 6.90%, 07/31/30<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 1834 | 1604408 |
| &nbsp;&nbsp;&nbsp; 6.90%, 07/31/35<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 3924 | 2919904 |
|  |  | 6131659 |
| **Egypt — 2.6%** | **Egypt — 2.6%** | **Egypt — 2.6%** |
| Egypt Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 5.80%, 09/30/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 589536 |
| &nbsp;&nbsp;&nbsp; 5.88%, 02/16/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 883500 |
| &nbsp;&nbsp;&nbsp; 6.59%, 02/21/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 799800 |
| &nbsp;&nbsp;&nbsp; 7.05%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 550650 |
| &nbsp;&nbsp;&nbsp; 7.30%, 09/30/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 700 | 626281 |
| &nbsp;&nbsp;&nbsp; 7.50%, 01/31/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1200 | 1213125 |
| &nbsp;&nbsp;&nbsp; 7.50%, 02/16/61<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 729040 |
| &nbsp;&nbsp;&nbsp; 7.60%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 1011000 |
| &nbsp;&nbsp;&nbsp; 7.63%, 05/29/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 939690 |
| &nbsp;&nbsp;&nbsp; 7.90%, 02/21/48<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 850 | 658750 |
| &nbsp;&nbsp;&nbsp; 8.50%, 01/31/47<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1450 | 1183454 |
| &nbsp;&nbsp;&nbsp; 8.63%, 02/04/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 814000 |
| &nbsp;&nbsp;&nbsp; 8.70%, 03/01/49<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 824060 |
| &nbsp;&nbsp;&nbsp; 8.88%, 05/29/50<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1200 | 1003140 |
|  |  | 11826026 |
| **El Salvador — 0.3%** | **El Salvador — 0.3%** | **El Salvador — 0.3%** |
| El Salvador Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 9.25%, 04/17/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 632100 |
| &nbsp;&nbsp;&nbsp; 9.65%, 11/21/54<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 614550 |
|  |  | 1246650 |
| **Ghana — 0.8%** | **Ghana — 0.8%** | **Ghana — 0.8%** |
| Ghana Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/03/29<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 1675 | 1586816 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/03/35<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 2627 | 2107467 |
|  |  | 3694283 |
| **Guatemala — 0.3%** | **Guatemala — 0.3%** | **Guatemala — 0.3%** |
| Guatemala Government Bond |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/01/50<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 900 | 822942 |
| &nbsp;&nbsp;&nbsp; 6.60%, 06/13/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 614313 |
|  |  | 1437255 |
| **Iraq — 0.0%** | **Iraq — 0.0%** | **Iraq — 0.0%** |
| Iraq International Bond, 5.80%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 149 | 148049 |
| **Ivory Coast — 0.7%** | **Ivory Coast — 0.7%** | **Ivory Coast — 0.7%** |
| Ivory Coast Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 739200 |
| &nbsp;&nbsp;&nbsp; 7.63%, 01/30/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 600600 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® J.P. Morgan EM High Yield Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Ivory Coast (continued)** | **Ivory Coast (continued)** | **Ivory Coast (continued)** |
| &nbsp;&nbsp;&nbsp; 8.25%, 01/30/37<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $1000 | $985760 |
| &nbsp;&nbsp;&nbsp; Ivory Coast Government International Bonds, 8.08%, <br> 04/01/36<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 984000 |
|  |  | 3309560 |
| **Jamaica — 0.6%** | **Jamaica — 0.6%** | **Jamaica — 0.6%** |
| Jamaica Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/28/28<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 700 | 726775 |
| &nbsp;&nbsp;&nbsp; 7.88%, 07/28/45 | &nbsp;&nbsp;&nbsp; 1100 | 1284250 |
| &nbsp;&nbsp;&nbsp; 8.00%, 03/15/39<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 800 | 939340 |
|  |  | 2950365 |
| **Jordan — 0.6%** | **Jordan — 0.6%** | **Jordan — 0.6%** |
| Jordan Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/31/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 597012 |
| &nbsp;&nbsp;&nbsp; 5.85%, 07/07/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 700 | 680008 |
| &nbsp;&nbsp;&nbsp; 7.38%, 10/10/47<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 543900 |
| &nbsp;&nbsp;&nbsp; 7.50%, 01/13/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 825352 |
|  |  | 2646272 |
| **Kenya — 0.9%** | **Kenya — 0.9%** | **Kenya — 0.9%** |
| Republic of Kenya Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 6.30%, 01/23/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 493686 |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/28/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 594000 |
| &nbsp;&nbsp;&nbsp; 8.00%, 05/22/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 759448 |
| &nbsp;&nbsp;&nbsp; 8.25%, 02/28/48<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 499878 |
| &nbsp;&nbsp;&nbsp; 9.50%, 03/05/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 961880 |
| &nbsp;&nbsp;&nbsp; 9.75%, 02/16/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 1030000 |
|  |  | 4338892 |
| **Lebanon — 0.2%** | **Lebanon — 0.2%** | **Lebanon — 0.2%** |
| Lebanon Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/27/23<sup>(a)(h)(i)</sup> | &nbsp;&nbsp;&nbsp; 500 | 92500 |
| &nbsp;&nbsp;&nbsp; 6.10%, 10/04/24<sup>(a)(h)(i)</sup> | &nbsp;&nbsp;&nbsp; 730 | 135050 |
| &nbsp;&nbsp;&nbsp; 6.60%, 11/27/26<sup>(a)(h)(i)</sup> | &nbsp;&nbsp;&nbsp; 960 | 177600 |
| &nbsp;&nbsp;&nbsp; 6.65%, 02/26/30<sup>(a)(h)(i)</sup> | &nbsp;&nbsp;&nbsp; 760 | 140600 |
| &nbsp;&nbsp;&nbsp; 6.75%, 11/29/27<sup>(a)(h)(i)</sup> | &nbsp;&nbsp;&nbsp; 720 | 133200 |
| &nbsp;&nbsp;&nbsp; 6.85%, 03/23/27<sup>(a)(h)(i)</sup> | &nbsp;&nbsp;&nbsp; 800 | 148000 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/23/32<sup>(a)(h)(i)</sup> | &nbsp;&nbsp;&nbsp; 625 | 115625 |
|  |  | 942575 |
| **Morocco — 0.6%** | **Morocco — 0.6%** | **Morocco — 0.6%** |
| Morocco Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 12/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 509028 |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/15/50<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 548000 |
| &nbsp;&nbsp;&nbsp; 5.95%, 03/08/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 822056 |
| &nbsp;&nbsp;&nbsp; 6.50%, 09/08/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 700 | 740481 |
|  |  | 2619565 |
| **Nigeria — 1.9%** | **Nigeria — 1.9%** | **Nigeria — 1.9%** |
| Nigeria Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/28/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 778000 |
| &nbsp;&nbsp;&nbsp; 6.50%, 11/28/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 796000 |
| &nbsp;&nbsp;&nbsp; 7.14%, 02/23/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 900 | 876762 |
| &nbsp;&nbsp;&nbsp; 7.38%, 09/28/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 738200 |
| &nbsp;&nbsp;&nbsp; 7.63%, 11/28/47<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 651248 |
| &nbsp;&nbsp;&nbsp; 7.70%, 02/23/38<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 709504 |
| &nbsp;&nbsp;&nbsp; 7.88%, 02/16/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 974380 |
| &nbsp;&nbsp;&nbsp; 8.25%, 09/28/51<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 683000 |
| &nbsp;&nbsp;&nbsp; 8.38%, 03/24/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 820752 |
| &nbsp;&nbsp;&nbsp; 8.75%, 01/21/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 616500 |
| &nbsp;&nbsp;&nbsp; 10.38%, 12/09/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 1073440 |
|  |  | 8717786 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pakistan — 0.5%** | **Pakistan — 0.5%** | **Pakistan — 0.5%** |
| &nbsp;&nbsp;&nbsp; Pakistan Global Sukuk Programme Co. Ltd. (The), <br> 7.95%, 01/31/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; $600 | $600600 |
| Pakistan Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 12/05/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 950 | 928625 |
| &nbsp;&nbsp;&nbsp; 7.38%, 04/08/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 748000 |
|  |  | 2277225 |
| **Paraguay — 0.4%** | **Paraguay — 0.4%** | **Paraguay — 0.4%** |
| Paraguay Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 04/28/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 595800 |
| &nbsp;&nbsp;&nbsp; 5.40%, 03/30/50<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 696200 |
| &nbsp;&nbsp;&nbsp; 6.10%, 08/11/44<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 581791 |
|  |  | 1873791 |
| **Senegal — 0.3%** | **Senegal — 0.3%** | **Senegal — 0.3%** |
| Senegal Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 05/23/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 700 | 520408 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/13/48<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 386250 |
| &nbsp;&nbsp;&nbsp; 7.75%, 06/10/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 700 | 571816 |
|  |  | 1478474 |
| **Serbia — 0.5%** | **Serbia — 0.5%** | **Serbia — 0.5%** |
| Serbia International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 12/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 735 | 627964 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/12/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 1017810 |
| &nbsp;&nbsp;&nbsp; 6.50%, 09/26/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 500 | 529074 |
|  |  | 2174848 |
| **South Africa — 2.3%** | **South Africa — 2.3%** | **South Africa — 2.3%** |
| &nbsp;&nbsp;&nbsp; Republic of South Africa Government <br> International Bond<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.30%, 10/12/28 | &nbsp;&nbsp;&nbsp; 1200 | 1159902 |
| &nbsp;&nbsp;&nbsp; 4.85%, 09/27/27 | &nbsp;&nbsp;&nbsp; 600 | 597948 |
| &nbsp;&nbsp;&nbsp; 4.85%, 09/30/29 | &nbsp;&nbsp;&nbsp; 1100 | 1060043 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/12/46 | &nbsp;&nbsp;&nbsp; 600 | 418500 |
| &nbsp;&nbsp;&nbsp; 5.38%, 07/24/44 | &nbsp;&nbsp;&nbsp; 700 | 531244 |
| &nbsp;&nbsp;&nbsp; 5.65%, 09/27/47 | &nbsp;&nbsp;&nbsp; 800 | 601888 |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/30/49<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1950 | 1458658 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/22/30 | &nbsp;&nbsp;&nbsp; 900 | 895617 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/20/32<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 976000 |
| &nbsp;&nbsp;&nbsp; 7.10%, 11/19/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1300 | 1290575 |
| &nbsp;&nbsp;&nbsp; 7.30%, 04/20/52 | &nbsp;&nbsp;&nbsp; 900 | 811800 |
| &nbsp;&nbsp;&nbsp; 7.95%, 11/19/54<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 900 | 856800 |
|  |  | 10658975 |
| **Sri Lanka — 0.8%** | **Sri Lanka — 0.8%** | **Sri Lanka — 0.8%** |
| Sri Lanka Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.10%, 01/15/30<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 591 | 532598 |
| &nbsp;&nbsp;&nbsp; 3.35%, 03/15/33<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 1208 | 987690 |
| &nbsp;&nbsp;&nbsp; 3.85%, 02/15/38<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 1186 | 991762 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 720 | 684258 |
| &nbsp;&nbsp;&nbsp; 5.10%, 06/15/35<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 882 | 626248 |
| &nbsp;&nbsp;&nbsp; 8.75%, 03/15/33<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 100 | 81750 |
|  |  | 3904306 |
| **Turkey — 10.4%** | **Turkey — 10.4%** | **Turkey — 10.4%** |
| Hazine Mustesarligi Varlik Kiralama AS |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/26/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1600 | 1604600 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/01/30<sup>(b)(e)</sup> | &nbsp;&nbsp;&nbsp; 1600 | 1606400 |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/24/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1800 | 1840246 |
| &nbsp;&nbsp;&nbsp; 8.51%, 01/14/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1500 | 1602188 |
| Turkey Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 10/09/26<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1700 | 1691712 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/17/28 | &nbsp;&nbsp;&nbsp; 1200 | 1182000 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/13/30<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1200 | 1146600 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® J.P. Morgan EM High Yield Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Turkey (continued)** | **Turkey (continued)** | **Turkey (continued)** |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/26/31 | &nbsp;&nbsp;&nbsp; $1100 | $1057650 |
| &nbsp;&nbsp;&nbsp; 5.95%, 01/15/31 | &nbsp;&nbsp;&nbsp; 1400 | 1360450 |
| &nbsp;&nbsp;&nbsp; 6.00%, 03/25/27 | &nbsp;&nbsp;&nbsp; 2000 | 2016500 |
| &nbsp;&nbsp;&nbsp; 6.13%, 10/24/28<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1700 | 1709350 |
| &nbsp;&nbsp;&nbsp; 6.50%, 09/20/33<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 900 | 870975 |
| &nbsp;&nbsp;&nbsp; 7.63%, 04/26/29 | &nbsp;&nbsp;&nbsp; 1800 | 1890000 |
| &nbsp;&nbsp;&nbsp; 7.63%, 05/15/34<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1800 | 1863000 |
| &nbsp;&nbsp;&nbsp; 8.00%, 02/14/34 | &nbsp;&nbsp;&nbsp; 850 | 912934 |
| &nbsp;&nbsp;&nbsp; 8.60%, 09/24/27 | &nbsp;&nbsp;&nbsp; 1400 | 1482348 |
| &nbsp;&nbsp;&nbsp; 9.13%, 07/13/30 | &nbsp;&nbsp;&nbsp; 1500 | 1667865 |
| &nbsp;&nbsp;&nbsp; 9.38%, 03/14/29 | &nbsp;&nbsp;&nbsp; 1300 | 1435200 |
| &nbsp;&nbsp;&nbsp; 9.88%, 01/15/28 | &nbsp;&nbsp;&nbsp; 2200 | 2404187 |
| Turkiye Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 04/16/43<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1770 | 1270524 |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/11/47<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 2200 | 1681350 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/14/41 | &nbsp;&nbsp;&nbsp; 1900 | 1593625 |
| &nbsp;&nbsp;&nbsp; 6.63%, 02/17/45<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1800 | 1557000 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/30/40<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1300 | 1207050 |
| &nbsp;&nbsp;&nbsp; 6.88%, 03/17/36 | &nbsp;&nbsp;&nbsp; 1700 | 1662974 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/12/32 | &nbsp;&nbsp;&nbsp; 1600 | 1617200 |
| &nbsp;&nbsp;&nbsp; 7.13%, 07/17/32<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 1007500 |
| &nbsp;&nbsp;&nbsp; 7.25%, 05/29/32 | &nbsp;&nbsp;&nbsp; 1200 | 1221000 |
| &nbsp;&nbsp;&nbsp; 7.25%, 03/05/38<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 600 | 612048 |
| &nbsp;&nbsp;&nbsp; 9.38%, 01/19/33 | &nbsp;&nbsp;&nbsp; 1600 | 1820500 |
| &nbsp;&nbsp;&nbsp; 11.88%, 01/15/30<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 900 | 1109655 |
| &nbsp;&nbsp;&nbsp; Turkiye Government International Bonds, 6.50%, <br> 01/03/35<br>| &nbsp;&nbsp;&nbsp; 2100 | 2009700 |
| Turkiye Vakiflar Bankasi TAO, 5.50%, 10/01/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200200 |
|  |  | 47914531 |
| **Ukraine — 1.0%** | **Ukraine — 1.0%** | **Ukraine — 1.0%** |
| Ukraine Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/01/34<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 1261 | 476013 |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/01/35<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 928 | 438278 |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/01/36<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 828 | 391470 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/29<sup>(a)(c)(i)</sup> | &nbsp;&nbsp;&nbsp; 614 | 374603 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/34<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 1950 | 1004016 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/35<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 1935 | 991703 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/36<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 1549 | 782174 |
|  |  | 4458257 |
| **United Arab Emirates — 1.1%** | **United Arab Emirates — 1.1%** | **United Arab Emirates — 1.1%** |
| Emirate of Dubai Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.90%, 09/09/50<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 574720 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/30/43<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 569250 |
| Finance Department Government of Sharjah |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/28/50<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 700 | 454344 |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/06/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 606966 |
| &nbsp;&nbsp;&nbsp; 6.50%, 11/23/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 500 | 528905 |
| Sharjah Sukuk Program Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.94%, 06/10/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 578832 |
| &nbsp;&nbsp;&nbsp; 3.23%, 10/23/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 500 | 467745 |
| &nbsp;&nbsp;&nbsp; 4.23%, 03/14/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 786360 |
| &nbsp;&nbsp;&nbsp; 5.43%, 04/17/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 600564 |
|  |  | 5167686 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Zambia — 0.3%** | **Zambia — 0.3%** | **Zambia — 0.3%** |
| Zambia Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 0.50%, 12/31/53<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $762 | $556492 |
| &nbsp;&nbsp;&nbsp; 5.75%, 06/30/33<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 695 | 643552 |
|  |  | 1200044 |
| **Total Foreign Government Obligations — 51.4%** <br>**(Cost: $245,200,241)** | **Total Foreign Government Obligations — 51.4%** <br>**(Cost: $245,200,241)** | 236946990 |
| **Total Long-Term Investments — 97.3%** <br>**(Cost: $461,020,609)** | **Total Long-Term Investments — 97.3%** <br>**(Cost: $461,020,609)** | 448897868 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 11.5%** | **Money Market Funds — 11.5%** | **Money Market Funds — 11.5%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 4.44%<sup>(l)(m)(n)</sup><br>| &nbsp;&nbsp;&nbsp; 45724797 | 45743087 |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency Shares, <br> 4.30%<sup>(l)(m)</sup><br>| &nbsp;&nbsp;&nbsp; 7180000 | 7180000 |
| **Total Short-Term Securities — 11.5%** <br>**(Cost: $52,923,087)** | **Total Short-Term Securities — 11.5%** <br>**(Cost: $52,923,087)** | 52923087 |
| **Total Investments — 108.8%** <br>**(Cost: $513,943,696)** | **Total Investments — 108.8%** <br>**(Cost: $513,943,696)** | 501820955 |
| **Liabilities in Excess of Other Assets — (8.8)%** | **Liabilities in Excess of Other Assets — (8.8)%** | (40755431)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $461065524 |

---

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

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

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

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

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

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

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

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

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

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

<sup>(k)</sup> U.S. dollar denominated security issued by foreign domiciled entity.

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

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

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

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® J.P. Morgan EM High Yield Bond ETF**

**Affiliates**

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*10/31/24*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| &nbsp;&nbsp; *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*07/31/25*<br>| *Shares* <br>*Held at* <br>*07/31/25*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL <br> Agency Shares<br>| $62126596 | $— | &nbsp;&nbsp; $(16362533 )<sup>(a)</sup><br>| $12051 | $(33027)<br>| $45743087 | 45724797 | $261862 <br><sup>(b)</sup><br>| $— |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL <br> Agency Shares<br>| &nbsp;&nbsp;&nbsp; 5920000 | 1260000 <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; 7180000 | 7180000 | &nbsp;&nbsp; 113995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  | $12051 | $(33027) | $52923087 |  | $375857 | $— |

---

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

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

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

**Fair Value Hierarchy as of Period End** 

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $211950878 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $211950878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 236946990 | &nbsp;&nbsp; — | &nbsp;&nbsp; 236946990 |
| &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; 52923087 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 52923087 |
|  | &nbsp;&nbsp; $52923087 | &nbsp;&nbsp; $448897868 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $501820955 |

---

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

---

| | |
|:---|:---|
| **Currency Abbreviation** | **Currency Abbreviation** |
| USD | United States Dollar |

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| CMT | Constant Maturity Treasury |
| EURIBOR | Euro Interbank Offered Rate |

---

---

| | |
|:---|:---|
| PIK | Payment-in-kind |
| PJSC | Public Joint Stock Company |
| SOFR | Secured Overnight Financing Rate |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® J.P. Morgan EM High Yield Bond 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:** iShares, Inc.

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

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

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

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

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

  - **City:** SAN FRANCISCO

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

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

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

- **a. Name of Series:** iShares J.P. Morgan EM High Yield Bond ETF

- **b. EDGAR series identifier (if any):** S000036777

- **c. LEI of Series:** 549300DZF05WBBY0EZ78

**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:** $555246707.12

**Total Liabilities:** $94149645.76

**Net Assets:** $461097061.36

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.98000000 | **1-Year:** 0.00000000 | **5-Year:** 149.17000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 500.79000000 | **1-Year:** 10728.16000000 | **5-Year:** 104162.58000000 | **10-Year:** 45157.12000000 | **30-Year:** 74375.28000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000112503 | 1.63%                | 2.30%                | 1.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-490607.07              | $5081075.28                                |
| Month 2  | $-549734.44              | $7953153.43                                |
| Month 3  | $-137881.47              | $3593493.25                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Morocco Government International Bonds                  | Morocco Government International Bonds                                           | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    600000 | PA      | $616542.00    | 0.13%             | 2028-03-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Paraguay Government International Bonds                 | Paraguay Government International Bonds                                          | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    600000 | PA      | $581791.02    | 0.13%             | 2044-08-11      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                         | Cemex SAB de CV                                                                  | CUSIP: 000000000<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    500000 | PA      | $494445.00    | 0.11%             | 2026-06-08      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| STUDIO CITY FINANCE LTD                                 | Studio City Finance Ltd                                                          | CUSIP: 000000000<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |    600000 | PA      | $561750.00    | 0.12%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIG HLDNG/DIG FIN/DIFL                                  | Digicel Intermediate Holdings Ltd / Digicel International Finance Ltd / Difl US  | CUSIP: 000000000<br>LEI: 5493007V023VOEW4FK27 | Long             | DBT              | CORP              | XX        |    715548 | PA      | $716084.66    | 0.16%             | 2027-05-25      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| TURKIYE GARANTI BANKASI                                 | Turkiye Garanti Bankasi AS                                                       | CUSIP: 000000000<br>LEI: 5493002XSS7K7RHN1V37 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $203687.50    | 0.04%             | 2027-05-24      | Fixed         | 7.18%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                              | CUSIP: 71654QCK6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1100000 | PA      | $1070795.00   | 0.23%             | 2028-02-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CFAMC III CO LTD                                        | CFAMC III Co Ltd                                                                 | CUSIP: 000000000<br>LEI: 5493006V07LYI3HE6G83 | Long             | DBT              | CORP              | VG        |    600000 | PA      | $591000.00    | 0.13%             | 2027-11-07      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Hazine Mustesarligi Varlik Kiralama AS                  | Hazine Mustesarligi Varlik Kiralama AS                                           | CUSIP: 000000000<br>LEI: 6354003QFJP7RDXEOZ20 | Long             | DBT              | NUSS              | TR        |   1800000 | PA      | $1840245.84   | 0.40%             | 2027-02-24      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NEMAK SAB DE CV                                         | Nemak SAB de CV                                                                  | CUSIP: 000000000<br>LEI: 5493000MY3DAIB0BP706 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $168850.00    | 0.04%             | 2031-06-28      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| LIMAK CIMENTO SANAYI                                    | Limak Cimento Sanayi ve Ticaret AS                                               | CUSIP: 000000000<br>LEI: 789000EEUQIGHI88WH47 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $409624.00    | 0.09%             | 2029-07-25      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| DP WORLD SALAAM                                         | DP World Salaam                                                                  | CUSIP: 000000000<br>LEI: 549300SUYBT9X88E9435 | Long             | DBT              | CORP              | KY        |    800000 | PA      | $799500.00    | 0.17%             | 2025-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                              | CUSIP: 71654QDB5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    800000 | PA      | $800000.00    | 0.17%             | 2027-01-23      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| Ivory Coast Government International Bonds              | Ivory Coast Government International Bonds                                       | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |   1000000 | PA      | $984000.00    | 0.21%             | 2036-04-01      | Fixed         | 8.08%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                                 | Energean Israel Finance Ltd                                                      | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |    400000 | PA      | $373000.00    | 0.08%             | 2031-03-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TELEFONICA MOVILES CHILE                                | Telefonica Moviles Chile SA                                                      | CUSIP: 000000000<br>LEI: 549300PDWJ2U6A15B785 | Long             | DBT              | CORP              | CL        |    300000 | PA      | $195562.50    | 0.04%             | 2031-11-18      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                       | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    500000 | PA      | $92500.00     | 0.02%             | 2023-01-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325CU7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   2600000 | PA      | $1808768.00   | 0.39%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANADOLU EFES BIR                                        | Anadolu Efes Biracilik Ve Malt Sanayii AS                                        | CUSIP: 000000000<br>LEI: 7890006LGARYVIPOJX03 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $362000.00    | 0.08%             | 2028-06-29      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Republic of Azerbaijan International Bonds              | Republic of Azerbaijan International Bonds                                       | CUSIP: 000000000<br>LEI: 549300P74FF45UQVU281 | Long             | DBT              | NUSS              | AZ        |    600000 | PA      | $545925.00    | 0.12%             | 2032-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MOVIDA EUROPE SA                                        | Movida Europe SA                                                                 | CUSIP: 000000000<br>LEI: 549300YRJE0V6QKU7C86 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $187000.00    | 0.04%             | 2029-04-11      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| Ivory Coast Government International Bonds              | Ivory Coast Government International Bonds                                       | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    800000 | PA      | $788608.00    | 0.17%             | 2037-01-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325DT9<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1000000 | PA      | $596000.00    | 0.13%             | 2051-05-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| STANDARD CHARTERED PLC                                  | Standard Chartered PLC                                                           | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $829836.00    | 0.18%             | 2027-08-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DUBAI GOVT INT'L BONDS                                  | Emirate of Dubai Government International Bonds                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |    600000 | PA      | $569250.00    | 0.12%             | 2043-01-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                  | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   1935030 | PA      | $991702.88    | 0.22%             | 2035-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| SAB AT1 LTD                                             | SAB AT1 Ltd                                                                      | CUSIP: 000000000<br>LEI: 254900G0214VUC31CW54 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $405600.00    | 0.09%             | 2030-05-21      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Bahrain Government International Bonds                  | Bahrain Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    600000 | PA      | $630078.00    | 0.14%             | 2030-05-14      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CATHAY PAC MTN FIN HK                                   | Cathay Pacific MTN Financing HK Ltd                                              | CUSIP: 000000000<br>LEI: 549300BLM71AQBASFS47 | Long             | DBT              | CORP              | HK        |    400000 | PA      | $400423.60    | 0.09%             | 2026-08-17      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FS LUXEMBOURG SARL                                      | FS Luxembourg Sarl                                                               | CUSIP: 30315XAD6<br>LEI: 222100EKR3JUJPGGOY81 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $199375.00    | 0.04%             | 2033-06-25      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                     | Oman Government International Bonds                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    600000 | PA      | $663030.00    | 0.14%             | 2051-01-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UPL CORP LTD                                            | UPL Corp Ltd                                                                     | CUSIP: 000000000<br>LEI: 213800AQLATW4WEEH674 | Long             | DBT              | CORP              | MU        |    200000 | PA      | $182200.00    | 0.04%             | 2030-06-16      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ARADA SUKUK LTD                                         | Arada Sukuk Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300F4ZUCO6Z48KC28 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $409740.00    | 0.09%             | 2027-06-08      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                                | Yapi ve Kredi Bankasi AS                                                         | CUSIP: 000000000<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $419375.00    | 0.09%             | 2029-04-04      | Fixed         | 9.74%                 | No            |                  2 | On Loan: No      |
| TURKCELL ILETISIM HIZMET                                | Turkcell Iletisim Hizmetleri AS                                                  | CUSIP: 000000000<br>LEI: 7890003EX1LTLS2FFL84 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $198875.00    | 0.04%             | 2028-04-11      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ARAGVI FINANCE INTL                                     | Aragvi Finance International DAC                                                 | CUSIP: 000000000<br>LEI: 635400VKAYT1VT6VBF50 | Long             | DBT              | CORP              | IE        |    400000 | PA      | $401196.12    | 0.09%             | 2029-11-20      | Fixed         | 11.13%                | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325BK0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1050000 | PA      | $1022248.50   | 0.22%             | 2037-09-18      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| AZULE ENERGY FINANCE PLC                                | Azule Energy Finance Plc                                                         | CUSIP: 000000000<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $803520.00    | 0.17%             | 2030-01-23      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                   | Melco Resorts Finance Ltd                                                        | CUSIP: 000000000<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $410500.00    | 0.09%             | 2032-04-17      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                    | YPF SA                                                                           | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    402000 | PA      | $402402.00    | 0.09%             | 2027-07-21      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                              | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1350000 | PA      | $1328400.00   | 0.29%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| BIOCEANICO SOVEREIGN                                    | Bioceanico Sovereign Certificate Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    258976 | PA      | $205113.92    | 0.04%             | 2034-06-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds       | Argentina Republic Government International Bonds                                | CUSIP: 040114HU7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   6510945 | PA      | $4541753.31   | 0.98%             | 2038-01-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| AEGEA FINANCE SARL                                      | Aegea Finance Sarl                                                               | CUSIP: 000000000<br>LEI: 213800V6WTKUT1XWIZ47 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $427000.00    | 0.09%             | 2031-01-20      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    800000 | PA      | $651248.00    | 0.14%             | 2047-11-28      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| ALINMA TIER 1 SUKUK LTD                                 | Alinma Tier 1 Sukuk Ltd                                                          | CUSIP: 000000000<br>LEI: 254900PU1O6UI27SN825 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $608436.00    | 0.13%             | 2029-03-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    600000 | PA      | $616500.00    | 0.13%             | 2031-01-21      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325DS1<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1400000 | PA      | $1176000.00   | 0.26%             | 2031-04-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| SHELF DRILL HOLD LTD                                    | Shelf Drilling Holdings Ltd                                                      | CUSIP: 000000000<br>LEI: 54930078ZJ3XP4MRYB68 | Long             | DBT              | CORP              | KY        |    585000 | PA      | $497835.00    | 0.11%             | 2029-04-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: —       |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                            | CUSIP: 105756BY5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1600000 | PA      | $1302400.00   | 0.28%             | 2047-02-21      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| FRANSHION BRILLIANT LTD                                 | Franshion Brilliant Ltd                                                          | CUSIP: 000000000<br>LEI: 549300E3ZP4GOU3D4G57 | Long             | DBT              | CORP              | VG        |    400000 | PA      | $358500.00    | 0.08%             | 2029-07-23      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION OIL SA                                    | Constellation Oil Services Holding SA                                            | CUSIP: 000000000<br>LEI: 5493005YJTU769NW5I10 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $410000.00    | 0.09%             | 2029-11-07      | Fixed         | 9.38%                 | No            |                  2 | On Loan: —       |
| AKBANK TAS                                              | Akbank TAS                                                                       | CUSIP: 000000000<br>LEI: 789000TUMN63Z28TJ497 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $205562.00    | 0.04%             | 2030-01-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1100000 | PA      | $1164702.00   | 0.25%             | 2027-09-24      | Fixed         | 8.60%                 | No            |                  2 | On Loan: —       |
| ARADA SUKUK 2 LTD                                       | Arada Sukuk 2 Ltd                                                                | CUSIP: 000000000<br>LEI: 254900QJ8SRKQPBY4V77 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $205930.00    | 0.04%             | 2029-06-24      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325BM6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1400000 | PA      | $1171800.00   | 0.25%             | 2041-01-18      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| Cosan Overseas Ltd                                      | Cosan Overseas Ltd                                                               | CUSIP: 000000000<br>LEI: 222100V5GTJGKUH55655 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $201312.00    | 0.04%             | 2025-11-05      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| YINSON BERGENIA PRODUCTI                                | Yinson Bergenia Production BV                                                    | CUSIP: 98585VAA6<br>LEI: 549300JDIAWKPMZD5256 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $413600.00    | 0.09%             | 2045-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                       | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    760000 | PA      | $140600.00    | 0.03%             | 2030-02-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REDE D'OR FINANCE SARL                                  | Rede D'or Finance Sarl                                                           | CUSIP: 000000000<br>LEI: 549300FDE772OLJUCP79 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $197744.00    | 0.04%             | 2028-01-17      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| KLABIN AUSTRIA GMBH                                     | Klabin Austria GmbH                                                              | CUSIP: 000000000<br>LEI: 984500578YEA8DD41B09 | Long             | DBT              | CORP              | AT        |    400000 | PA      | $405400.00    | 0.09%             | 2029-04-03      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| SAGICOR FINANCIAL CO                                    | Sagicor Financial Co Ltd                                                         | CUSIP: 000000000<br>LEI: 984500P7FADAA3A50B04 | Long             | DBT              | CORP              | BM        |    400000 | PA      | $394776.00    | 0.09%             | 2028-05-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: —       |
| MEDCO MAPLE TREE PTE LTD                                | Medco Maple Tree Pte Ltd                                                         | CUSIP: 000000000<br>LEI: 254900T5AQZNR0THA508 | Long             | DBT              | CORP              | SG        |    250000 | PA      | $261562.50    | 0.06%             | 2029-04-27      | Fixed         | 8.96%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                            | CUSIP: 105756CG3<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1200000 | PA      | $1234800.00   | 0.27%             | 2031-03-18      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BANQUE SAUDI FRANSI                                     | Banque Saudi Fransi                                                              | CUSIP: 000000000<br>LEI: 558600N07EDF4ATYR106 | Long             | DBT              | CORP              | SA        |    400000 | PA      | $397672.00    | 0.09%             | 2030-11-07      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    600000 | PA      | $550650.00    | 0.12%             | 2032-01-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| EASTERN & SOUTHERN AFRIC                                | Eastern & Southern African Trade & Development Bank/The                          | CUSIP: 000000000<br>LEI: 2138004HC83AB2ENIZ64 | Long             | DBT              | NUSS              | XX        |    400000 | PA      | $360000.00    | 0.08%             | 2028-06-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325EF8<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    889000 | PA      | $935228.00    | 0.20%             | 2033-04-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds                          | CUSIP: 836205AY0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    900000 | PA      | $895617.00    | 0.19%             | 2030-06-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                 | Sasol Financing USA LLC                                                          | CUSIP: 80386WAD7<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    400000 | PA      | $331780.00    | 0.07%             | 2031-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARCELIK AS                                              | Arcelik AS                                                                       | CUSIP: 000000000<br>LEI: 789000748KTQCUMJ0R25 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $207830.00    | 0.05%             | 2028-09-25      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                            | CUSIP: 105756BK5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1000000 | PA      | $1073000.00   | 0.23%             | 2037-01-20      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds                          | CUSIP: 836205AS3<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    700000 | PA      | $531244.00    | 0.12%             | 2044-07-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                | OCP SA                                                                           | CUSIP: 000000000<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    600000 | PA      | $541176.00    | 0.12%             | 2031-06-23      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                              | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   4950000 | PA      | $4176810.00   | 0.91%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| LD CELULOSE INTERNATIONA                                | LD Celulose International GmbH                                                   | CUSIP: 000000000<br>LEI: 529900EHUSQJVOTP9J45 | Long             | DBT              | CORP              | AT        |    400000 | PA      | $418200.00    | 0.09%             | 2032-01-26      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| TURKIYE VAKIFLAR BANKASI                                | Turkiye Vakiflar Bankasi TAO                                                     | CUSIP: 000000000<br>LEI: 789000KAIHOLSQKQ9858 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $423376.00    | 0.09%             | 2029-04-24      | Fixed         | 10.12%                | No            |                  2 | On Loan: No      |
| ALLWYN ENTERTAINMENT FIN                                | Allwyn Entertainment Financing UK PLC                                            | CUSIP: 000000000<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $416000.00    | 0.09%             | 2029-04-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                | OCP SA                                                                           | CUSIP: 000000000<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    600000 | PA      | $606662.76    | 0.13%             | 2054-05-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BRASKEM AMERICA FINANCE                                 | Braskem America Finance Co                                                       | CUSIP: 000000000<br>LEI: 254900QMQAJ26H49CL75 | Long             | DBT              | CORP              | US        |    400000 | PA      | $261400.00    | 0.06%             | 2041-07-22      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| SAN MIGUEL GLOBAL POWER                                 | San Miguel Global Power Holdings Corp                                            | CUSIP: 000000000<br>LEI: 549300HBCE80QXKII590 | Long             | DBT              | CORP              | PH        |    400000 | PA      | $393000.00    | 0.09%             | 2029-12-02      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123CB4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1770000 | PA      | $1270523.70   | 0.28%             | 2043-04-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| BORR IHC LTD / BORR FIN                                 | Borr IHC Ltd / Borr Finance LLC                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    370874 | PA      | $347694.18    | 0.08%             | 2030-11-15      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| YINSON PRODUCTION FINANC                                | Yinson Production Financial Services Pte Ltd                                     | CUSIP: 000000000<br>LEI: 254900TYMSC94RS33U73 | Long             | DBT              | CORP              | SG        |    300000 | PA      | $312564.00    | 0.07%             | 2029-05-03      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                  | Standard Chartered PLC                                                           | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $732208.00    | 0.16%             | 2031-01-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BANCO DAVIVIENDA SA                                     | Banco Davivienda SA                                                              | CUSIP: 000000000<br>LEI: 549300P161V4IPKAQS70 | Long             | DBT              | CORP              | CO        |    400000 | PA      | $355250.00    | 0.08%             | 2031-04-22      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                                   | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    600000 | PA      | $425250.00    | 0.09%             | 2034-10-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CZECHOSLOVAK GROUP                                      | Czechoslovak Group AS                                                            | CUSIP: 000000000<br>LEI: 315700SWFD7G70AVG768 | Long             | DBT              | CORP              | CZ        |    600000 | PA      | $606534.00    | 0.13%             | 2031-01-10      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    800000 | PA      | $738200.00    | 0.16%             | 2033-09-28      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| AEROPUERTOS DOMINICANOS                                 | Aeropuertos Dominicanos Siglo XXI SA                                             | CUSIP: 000000000<br>LEI: 254900KJA5MXNPYB4W32 | Long             | DBT              | CORP              | DO        |    400000 | PA      | $412540.00    | 0.09%             | 2034-06-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| ECOPETROL SA                                            | Ecopetrol SA                                                                     | CUSIP: 279158AN9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   1200000 | PA      | $1201560.00   | 0.26%             | 2030-04-29      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| TURKIYE GARANTI BANKASI                                 | Turkiye Garanti Bankasi AS                                                       | CUSIP: 000000000<br>LEI: 5493002XSS7K7RHN1V37 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $410428.00    | 0.09%             | 2034-02-28      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| TELECOM ARGENTINA SA                                    | Telecom Argentina SA                                                             | CUSIP: 000000000<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | AR        |    400000 | PA      | $411000.00    | 0.09%             | 2033-05-28      | Fixed         | 9.25%                 | No            |                  2 | On Loan: —       |
| Angola Government International Bonds                   | Angola Government International Bonds                                            | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |   1000000 | PA      | $932190.00    | 0.20%             | 2029-11-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Eskom Holdings SOC Ltd.                                 | Eskom Holdings SOC Ltd.                                                          | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    600000 | PA      | $609498.00    | 0.13%             | 2028-08-10      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| COLOMBIA TELECOMUNICACIO                                | Colombia Telecomunicaciones SA ESP                                               | CUSIP: 000000000<br>LEI: 549300CK4YN0V1C3MN55 | Long             | DBT              | CORP              | CO        |    200000 | PA      | $176000.00    | 0.04%             | 2030-07-17      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER                                | Banco de Credito del Peru S.A.                                                   | CUSIP: 05971V2D6<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |    200000 | PA      | $196312.00    | 0.04%             | 2031-09-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                            | CUSIP: 105756CK4<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1100000 | PA      | $1119800.00   | 0.24%             | 2032-01-22      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| AEGEA FINANCE SARL                                      | Aegea Finance Sarl                                                               | CUSIP: 000000000<br>LEI: 213800V6WTKUT1XWIZ47 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $401500.00    | 0.09%             | 2029-05-20      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Ukraine Government International Bonds                  | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    614103 | PA      | $374602.83    | 0.08%             | 2029-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    800000 | PA      | $709504.00    | 0.15%             | 2038-02-23      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| DAR AL-ARKAN SUKUK CO LT                                | Dar Al-Arkan Sukuk Co Ltd                                                        | CUSIP: 000000000<br>LEI: 5493000UYHRBXEIYUQ69 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $413684.00    | 0.09%             | 2029-02-25      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                              | CUSIP: 71654QDF6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   2350000 | PA      | $1813260.00   | 0.39%             | 2060-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: —       |
| BBVA BANCOMER SA TEXAS                                  | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX     | CUSIP: 000000000<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    600000 | PA      | $577950.00    | 0.13%             | 2033-01-18      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| YPF SOCIEDAD ANONIMA                                    | YPF SA                                                                           | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    300000 | PA      | $311475.00    | 0.07%             | 2031-09-11      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123BB5<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    600000 | PA      | $612048.00    | 0.13%             | 2038-03-05      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123DL1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1000000 | PA      | $1007500.00   | 0.22%             | 2032-07-17      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| BINGHATTI SUKUK SPC LTD                                 | Binghatti Sukuk SPC Ltd                                                          | CUSIP: 000000000<br>LEI: 254900Q5ANAJ5RI08U80 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $206375.00    | 0.04%             | 2027-02-28      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| CFAMC III CO LTD                                        | CFAMC III Co Ltd                                                                 | CUSIP: 000000000<br>LEI: 5493006V07LYI3HE6G83 | Long             | DBT              | CORP              | VG        |    600000 | PA      | $597562.50    | 0.13%             | 2027-04-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                            | CUSIP: 105756CC2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   2100000 | PA      | $1978200.00   | 0.43%             | 2030-06-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ALPHA STAR HOLDING                                      | Alpha Star Holding VIII Ltd                                                      | CUSIP: 000000000<br>LEI: 254900TMRVHA9YMIFC14 | Long             | DBT              | CORP              | AE        |    400000 | PA      | $414750.00    | 0.09%             | 2027-04-12      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                                  | Millicom International Cellular SA                                               | CUSIP: 000000000<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $366400.00    | 0.08%             | 2031-04-27      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SOBHA SUKUK LTD                                         | Sobha Sukuk Ltd                                                                  | CUSIP: 000000000<br>LEI: 5493000HMN2AOHV8GU08 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $416468.00    | 0.09%             | 2028-07-17      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FIN                                 | Consolidated Energy Finance SA                                                   | CUSIP: 000000000<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    300000 | PA      | $282000.00    | 0.06%             | 2031-02-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: —       |
| ECOPETROL SA                                            | Ecopetrol SA                                                                     | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   1450000 | PA      | $1521050.00   | 0.33%             | 2033-01-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| Sri Lanka Government International Bonds                | Sri Lanka Government International Bonds                                         | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |   1185964 | PA      | $991762.40    | 0.22%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| CONTINUUM GRN SPV CO-ISS                                | Continuum Green Energy India Pvt / Co-Issuers                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |    385800 | PA      | $396891.75    | 0.09%             | 2033-06-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SAIB TIER 1 SUKUK LTD                                   | Saib Tier 1 Sukuk Ltd                                                            | CUSIP: 000000000<br>LEI: 254900WDK8XRIH4H8P52 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $404500.00    | 0.09%             | 2029-11-27      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bonds               | Costa Rica Government International Bonds                                        | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    800000 | PA      | $835200.00    | 0.18%             | 2034-04-03      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                                  | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX     | CUSIP: 000000000<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    600000 | PA      | $617436.00    | 0.13%             | 2035-02-11      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| ENDEAVOUR MINING PLC                                    | Endeavour Mining PLC                                                             | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $406752.00    | 0.09%             | 2030-05-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                                 | Energean Israel Finance Ltd                                                      | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |    325000 | PA      | $311889.63    | 0.07%             | 2028-03-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Ecopetrol SA                                            | Ecopetrol SA                                                                     | CUSIP: 279158AJ8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   1140000 | PA      | $808111.80    | 0.18%             | 2045-05-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| ARABIAN CTRS SUKUK III                                  | Arabian Centres Sukuk III Ltd                                                    | CUSIP: 000000000<br>LEI: 254900BZVZFBSA5NA163 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $408000.00    | 0.09%             | 2029-03-06      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bonds               | Costa Rica Government International Bonds                                        | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    800000 | PA      | $826269.68    | 0.18%             | 2045-03-12      | Fixed         | 7.16%                 | No            |                  2 | On Loan: —       |
| STILLWATER MINING CO                                    | Stillwater Mining Co                                                             | CUSIP: 000000000<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |    400000 | PA      | $364300.00    | 0.08%             | 2029-11-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| AI CANDELARIA -SPAIN- SA                                | AL Candelaria -spain- SA                                                         | CUSIP: 000000000<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $344996.00    | 0.07%             | 2033-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BANCO DO BRASIL (CAYMAN)                                | Banco do Brasil SA/Cayman                                                        | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | DBT              | CORP              | BR        |   1000000 | PA      | $1002575.00   | 0.22%             | 2025-10-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| BANCO BTG PACTUAL/CAYMAN                                | Banco BTG Pactual SA/Cayman Islands                                              | CUSIP: 05971BAL3<br>LEI: 2549002JHJ73KGETOK78 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $200638.00    | 0.04%             | 2030-01-22      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ACCESS BANK PLC                                         | Access Bank PLC                                                                  | CUSIP: 000000000<br>LEI: 029200328C3N9YI2D660 | Long             | DBT              | CORP              | NG        |    400000 | PA      | $389864.00    | 0.08%             | 2026-10-07      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| BANK OF COMMUNICATIONS                                  | Bank of Communications Co Ltd                                                    | CUSIP: 000000000<br>LEI: 549300AX1UM10U30HK09 | Long             | DBT              | CORP              | CN        |   1600000 | PA      | $1593504.00   | 0.35%             | 2025-11-18      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| AES ANDES SA                                            | AES Andes SA                                                                     | CUSIP: 000000000<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $209122.00    | 0.05%             | 2055-06-10      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                  | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   1260963 | PA      | $476013.53    | 0.10%             | 2034-02-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| JGSH PHILIPPINES LTD                                    | JGSH Philippines Ltd                                                             | CUSIP: 000000000<br>LEI: 984500C4564DDC8F1072 | Long             | DBT              | CORP              | VG        |    400000 | PA      | $387375.00    | 0.08%             | 2030-07-09      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| AYDEM YENILENEBILIR ENER                                | Aydem Yenilenebilir Enerji AS                                                    | CUSIP: 000000000<br>LEI: 9845009C50EDA74OA532 | Long             | DBT              | CORP              | TR        |    360000 | PA      | $356047.20    | 0.08%             | 2027-02-02      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                                  | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX     | CUSIP: 000000000<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    350000 | PA      | $343962.50    | 0.07%             | 2034-09-13      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| CENTRAL PLAZA DEV LTD                                   | Central Plaza Development Ltd                                                    | CUSIP: 000000000<br>LEI: 254900HLDKFNM2WUVJ54 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $201250.00    | 0.04%             | 2029-04-07      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Morocco Government International Bonds                  | Morocco Government International Bonds                                           | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    600000 | PA      | $509028.00    | 0.11%             | 2032-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                  | Standard Chartered PLC                                                           | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $516950.00    | 0.11%             | 2032-01-16      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| FWD GROUP HOLDINGS LTD                                  | FWD Group Holdings Ltd                                                           | CUSIP: 000000000<br>LEI: 254900HEGGDS8WU5QZ97 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $402000.00    | 0.09%             | 2025-12-15      | Fixed         | 8.05%                 | No            |                  2 | On Loan: No      |
| Bahrain Government International Bonds                  | Bahrain Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    600000 | PA      | $558318.00    | 0.12%             | 2034-05-18      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| TURKCELL ILETISIM HIZMET                                | Turkcell Iletisim Hizmetleri AS                                                  | CUSIP: 000000000<br>LEI: 7890003EX1LTLS2FFL84 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $205300.00    | 0.04%             | 2030-01-24      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| SINGAPORE AIRLINES LTD                                  | Singapore Airlines Ltd                                                           | CUSIP: 000000000<br>LEI: 549300ZG62N2599PWR15 | Long             | DBT              | CORP              | SG        |    400000 | PA      | $410872.00    | 0.09%             | 2034-03-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123DJ6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1500000 | PA      | $1667865.00   | 0.36%             | 2030-07-13      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| TURKIYE VAKIFLAR BANKASI                                | Turkiye Vakiflar Bankasi TAO                                                     | CUSIP: 000000000<br>LEI: 789000KAIHOLSQKQ9858 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $426796.00    | 0.09%             | 2028-10-12      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Ivory Coast Government International Bonds              | Ivory Coast Government International Bonds                                       | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    200000 | PA      | $184800.00    | 0.04%             | 2033-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| KUWAIT PROJECTS CO SPC L                                | Kuwait Projects Co SPC Ltd                                                       | CUSIP: 000000000<br>LEI: 254900BQTJEWBK1TAN59 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $188376.00    | 0.04%             | 2027-02-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GEOPARK LTD                                             | Geopark Ltd                                                                      | CUSIP: 000000000<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | BM        |    400000 | PA      | $345760.00    | 0.07%             | 2030-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ALINMA BANK                                             | Alinma At1 Sukuk Ltd                                                             | CUSIP: 000000000<br>LEI: 254900PKP2060GO4VI45 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $404792.00    | 0.09%             | 2030-05-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Republic of Turkiye                                     | Republic of Turkiye                                                              | CUSIP: 900123DN7<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   2100000 | PA      | $2009700.00   | 0.44%             | 2035-01-03      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Bahrain Government International Bonds                  | Bahrain Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    600000 | PA      | $557280.00    | 0.12%             | 2033-01-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SENEGAL                                     | Senegal Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |    700000 | PA      | $571816.00    | 0.12%             | 2031-06-10      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GLOBE TELECOM INC                                       | Globe Telecom Inc                                                                | CUSIP: 000000000<br>LEI: 254900GPWI1816YIM923 | Long             | DBT              | CORP              | PH        |    400000 | PA      | $394400.00    | 0.09%             | 2026-08-02      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| RIYAD TIER 1 SUKUK                                      | Riyad Tier 1 Sukuk Ltd                                                           | CUSIP: 000000000<br>LEI: 5493000887R2TI3PUB86 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $384125.00    | 0.08%             | 2027-02-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya Government International Bonds        | Republic of Kenya Government International Bonds                                 | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    600000 | PA      | $493686.00    | 0.11%             | 2034-01-23      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1200000 | PA      | $1231200.00   | 0.27%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KLABIN AUSTRIA GMBH                                     | Klabin Austria GmbH                                                              | CUSIP: 000000000<br>LEI: 984500578YEA8DD41B09 | Long             | DBT              | CORP              | AT        |    400000 | PA      | $354740.00    | 0.08%             | 2031-01-12      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                                | Petrobras Global Finance BV                                                      | CUSIP: 71647NAS8<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $412680.00    | 0.09%             | 2027-01-17      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325BR5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1400000 | PA      | $1063160.00   | 0.23%             | 2044-02-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| VESTEL ELEKTRONIK SANAYI                                | Vestel Elektronik Sanayi ve Ticaret AS                                           | CUSIP: 000000000<br>LEI: 789000X20ITI3ANQEL70 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $163688.00    | 0.04%             | 2029-05-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya Government International Bonds        | Republic of Kenya Government International Bonds                                 | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |   1000000 | PA      | $961880.00    | 0.21%             | 2036-03-05      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CAS CAPITAL NO1 LTD                                     | CAS Capital No 1 Ltd                                                             | CUSIP: 000000000<br>LEI: 254900REJZW5L9QRTD85 | Long             | DBT              | CORP              | VG        |    400000 | PA      | $393800.00    | 0.09%             | 2026-07-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GRUPO AVAL LTD                                          | Grupo Aval Ltd                                                                   | CUSIP: 000000000<br>LEI: 549300J4FW1ELLQ80113 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $550200.00    | 0.12%             | 2030-02-04      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Serbia International Bonds                              | Serbia International Bonds                                                       | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    500000 | PA      | $529073.95    | 0.11%             | 2033-09-26      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                     | Ecuador Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    632097 | PA      | $453213.55    | 0.10%             | 2030-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WE SODA INV HOLDING PLC                                 | WE Soda Investments Holding PLC                                                  | CUSIP: 000000000<br>LEI: 984500SE38C07DB47A90 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $209470.00    | 0.05%             | 2031-02-14      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| CBB International Sukuk Programme Co. WLL               | CBB International Sukuk Programme Co. WLL                                        | CUSIP: 000000000<br>LEI: 5493006IRJ2IWXTNIM16 | Long             | DBT              | NUSS              | BH        |    600000 | PA      | $611838.00    | 0.13%             | 2031-02-12      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PAMPA ENERGIA SA                                        | Pampa Energia SA                                                                 | CUSIP: 000000000<br>LEI: 254900QNIK0CVURGML24 | Long             | DBT              | CORP              | AR        |    400000 | PA      | $400000.00    | 0.09%             | 2034-12-16      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CIA DE MINAS BUENAVENTUR                                | Cia de Minas Buenaventura SAA                                                    | CUSIP: 000000000<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | DBT              | CORP              | PE        |    400000 | PA      | $407540.00    | 0.09%             | 2032-02-04      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                              | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   2360000 | PA      | $2359362.80   | 0.51%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                              | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3900000 | PA      | $3705000.00   | 0.80%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| GARUDA INDONESIA TBK PT                                 | Garuda Indonesia Persero Tbk PT                                                  | CUSIP: 000000000<br>LEI: 254900CUWPNFYKQUW656 | Long             | DBT              | CORP              | ID        |    461816 | PA      | $361740.33    | 0.08%             | 2031-12-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 000000000<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    400000 | PA      | $370800.00    | 0.08%             | 2032-01-24      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BANK NEGARA INDONESIA                                   | Bank Negara Indonesia Persero Tbk PT                                             | CUSIP: 000000000<br>LEI: 549300HZ8J3MLVXQ8F85 | Long             | DBT              | CORP              | ID        |    400000 | PA      | $385500.00    | 0.08%             | 2027-03-24      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| AKBANK TAS                                              | Akbank TAS                                                                       | CUSIP: 000000000<br>LEI: 789000TUMN63Z28TJ497 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $399340.00    | 0.09%             | 2031-06-22      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds                          | CUSIP: 836205AV6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    600000 | PA      | $418500.00    | 0.09%             | 2046-10-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya Government International Bonds        | Republic of Kenya Government International Bonds                                 | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |   1000000 | PA      | $1030000.00   | 0.22%             | 2031-02-16      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| DIB TIER 1 SUKUK 6                                      | DIB Tier 1 Sukuk 6 Ltd                                                           | CUSIP: 000000000<br>LEI: 2549007YHGE9QNNSXL07 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $197508.00    | 0.04%             | 2030-04-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                  | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    927573 | PA      | $438278.24    | 0.10%             | 2035-02-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                | OCP SA                                                                           | CUSIP: 000000000<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    400000 | PA      | $406460.16    | 0.09%             | 2030-04-30      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1200000 | PA      | $1227900.00   | 0.27%             | 2037-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| RUMO LUXEMBOURG SARL                                    | Rumo Luxembourg Sarl                                                             | CUSIP: 000000000<br>LEI: 222100HOIQFT7YOSPB46 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $363544.00    | 0.08%             | 2032-01-18      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| HAZINE MUSTESARLIGI VARL                                | Hazine Mustesarligi Varlik Kiralama AS                                           | CUSIP: 421790AN6<br>LEI: 6354003QFJP7RDXEOZ20 | Long             | DBT              | NUSS              | TR        |    600000 | PA      | $602400.00    | 0.13%             | 2030-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| MELCO RESORTS FINANCE                                   | Melco Resorts Finance Ltd                                                        | CUSIP: 000000000<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $399000.00    | 0.09%             | 2027-07-17      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    850000 | PA      | $658750.00    | 0.14%             | 2048-02-21      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                | First Quantum Minerals Ltd                                                       | CUSIP: 000000000<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    483000 | PA      | $482396.25    | 0.10%             | 2027-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds                          | CUSIP: 836205AU8<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1200000 | PA      | $1159902.00   | 0.25%             | 2028-10-12      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| SHARJAH SUKUK PROGRAM                                   | Sharjah Sukuk Program Ltd                                                        | CUSIP: 000000000<br>LEI: 549300N3BQ9P6RRMVV02 | Long             | DBT              | NUSS              | KY        |    600000 | PA      | $578832.00    | 0.13%             | 2027-06-10      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| NWD FINANCE (BVI) LTD                                   | NWD Finance BVI Ltd                                                              | CUSIP: 000000000<br>LEI: 25490076V8K09HMNCT88 | Long             | DBT              | CORP              | VG        |    600000 | PA      | $144600.00    | 0.03%             | 2028-03-10      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Jordan Government International Bonds                   | Jordan Government International Bonds                                            | CUSIP: 000000000<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    700000 | PA      | $680008.00    | 0.15%             | 2030-07-07      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| GFH SENIOR SUKUK LTD                                    | GFH Senior Sukuk Ltd                                                             | CUSIP: 000000000<br>LEI: 2549006KGP87C90JH464 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $199116.00    | 0.04%             | 2029-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WE SODA INV HOLDING PLC                                 | WE Soda Investments Holding PLC                                                  | CUSIP: 000000000<br>LEI: 984500SE38C07DB47A90 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $626625.00    | 0.14%             | 2028-10-06      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                                   | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $235500.00    | 0.05%             | 2050-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| Morocco Government International Bonds                  | Morocco Government International Bonds                                           | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    800000 | PA      | $548000.00    | 0.12%             | 2050-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SISECAM UK PLC                                          | Sisecam UK PLC                                                                   | CUSIP: 000000000<br>LEI: 789000T82YRLMLUOC889 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $409228.00    | 0.09%             | 2029-05-02      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ALSEA S.A.                                              | Alsea SAB de CV                                                                  | CUSIP: 000000000<br>LEI: 4469000001BJLPKNUN21 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $201535.00    | 0.04%             | 2026-12-14      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| Nigeria Government International Bonds                  | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    800000 | PA      | $778000.00    | 0.17%             | 2028-09-28      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| GREENKO POWER II LTD                                    | Greenko Power II Ltd                                                             | CUSIP: 000000000<br>LEI: 254900YYA4B6O2O4JM12 | Long             | DBT              | CORP              | MU        |    478500 | PA      | $451943.25    | 0.10%             | 2028-12-13      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1200000 | PA      | $1201500.00   | 0.26%             | 2045-01-27      | Fixed         | 6.85%                 | No            |                  2 | On Loan: —       |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325DQ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1650000 | PA      | $1139440.50   | 0.25%             | 2049-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| AVIANCA MIDCO 2 PLC                                     | Avianca Midco 2 PLC                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    650000 | PA      | $616687.50    | 0.13%             | 2028-12-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                         | IHS Holding Ltd                                                                  | CUSIP: 000000000<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $202266.00    | 0.04%             | 2030-05-29      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bonds                    | Ghana Government International Bonds                                             | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |   2627560 | PA      | $2107467.34   | 0.46%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                            | CUSIP: 105756BW9<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1900000 | PA      | $1430700.00   | 0.31%             | 2045-01-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Costa Rica Government International Bonds               | Costa Rica Government International Bonds                                        | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    650000 | PA      | $662752.22    | 0.14%             | 2044-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123AT7<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    850000 | PA      | $912934.00    | 0.20%             | 2034-02-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GRUPO NUTRESA SA                                        | Grupo Nutresa SA                                                                 | CUSIP: 000000000<br>LEI: 254900KKAX7B7RJUE255 | Long             | DBT              | CORP              | CO        |    600000 | PA      | $656100.00    | 0.14%             | 2035-05-12      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| ECOPETROL SA                                            | Ecopetrol SA                                                                     | CUSIP: 279158AQ2<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    450000 | PA      | $307350.00    | 0.07%             | 2051-11-02      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| MTN MAURITIUS INVSTMENTS                                | MTN Mauritius Investments Ltd                                                    | CUSIP: 000000000<br>LEI: 2549009PQD415OQIR074 | Long             | DBT              | CORP              | MU        |    400000 | PA      | $402876.00    | 0.09%             | 2026-10-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TRANSNET SOC LTD                                        | Transnet SOC Ltd                                                                 | CUSIP: 000000000<br>LEI: 378900B07CD6F01EA796 | Long             | DBT              | CORP              | ZA        |    600000 | PA      | $623898.00    | 0.14%             | 2028-02-06      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                                   | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    800000 | PA      | $612000.00    | 0.13%             | 2028-01-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123CY4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1200000 | PA      | $1146600.00   | 0.25%             | 2030-03-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| SISECAM UK PLC                                          | Sisecam UK PLC                                                                   | CUSIP: 000000000<br>LEI: 789000T82YRLMLUOC889 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $411624.00    | 0.09%             | 2032-05-02      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Paraguay Government International Bonds                 | Paraguay Government International Bonds                                          | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    600000 | PA      | $522150.00    | 0.11%             | 2050-03-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: —       |
| TURKIYE GARANTI BANKASI                                 | Turkiye Garanti Bankasi AS                                                       | CUSIP: 000000000<br>LEI: 5493002XSS7K7RHN1V37 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $406240.00    | 0.09%             | 2035-01-03      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123CT5<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1600000 | PA      | $1680000.00   | 0.36%             | 2029-04-26      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL BANK PSQC/THE                                | Commercial Bank PSQC/The                                                         | CUSIP: 000000000<br>LEI: 2138004FUUD4I7X8H721 | Long             | DBT              | CORP              | QA        |    400000 | PA      | $391924.00    | 0.08%             | 2026-03-03      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TELECOM ARGENTINA SA                                    | Telecom Argentina SA                                                             | CUSIP: 000000000<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | AR        |    500000 | PA      | $524934.80    | 0.11%             | 2031-07-18      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CBB INTL SUKUK PROG WLL                                 | CBB International Sukuk Programme Co WLL                                         | CUSIP: 000000000<br>LEI: 5493006IRJ2IWXTNIM16 | Long             | DBT              | NUSS              | BH        |   1000000 | PA      | $1004880.00   | 0.22%             | 2033-07-07      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GREENKO WIND PROJECTS MU                                | Greenko Wind Projects Mauritius Ltd                                              | CUSIP: 000000000<br>LEI: 254900MSUXE1FF83DP82 | Long             | DBT              | CORP              | MU        |    600000 | PA      | $609750.00    | 0.13%             | 2028-09-27      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| INVEST ENERGY RES LTD                                   | Investment Energy Resources Ltd                                                  | CUSIP: 000000000<br>LEI: 254900A71Y7WHN7L5K89 | Long             | DBT              | CORP              | BM        |    400000 | PA      | $392376.00    | 0.09%             | 2029-04-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                | First Quantum Minerals Ltd                                                       | CUSIP: 000000000<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $618000.00    | 0.13%             | 2033-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CABLE ONDA SA                                           | Telecomunicaciones Digitales SA                                                  | CUSIP: 000000000<br>LEI: 5299008Q5GONPYNF9J32 | Long             | DBT              | CORP              | PA        |    400000 | PA      | $373000.00    | 0.08%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                                   | Minerva Luxembourg SA                                                            | CUSIP: 000000000<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |    600000 | PA      | $535578.00    | 0.12%             | 2031-03-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| STANDARD CHARTERED PLC                                  | Standard Chartered PLC                                                           | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $751000.00    | 0.16%             | 2028-08-19      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| BlackRock Funds III                                     | BlackRock Cash Funds: Institutional, SL Agency Shares                            | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  46751815 | NS      | $46770515.62  | 10.14%            |  |  |  | No            |                  1 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                                   | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $313000.00    | 0.07%             | 2031-01-12      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| NBK TIER 1 LTD                                          | NBK Tier 1 Ltd                                                                   | CUSIP: 62879NAB3<br>LEI: 5493000G4QCCEE8YHF19 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $203016.00    | 0.04%             | 2031-01-10      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                                  | Brazilian Government International Bond                                          | CUSIP: 105756CM0<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    800000 | PA      | $801400.00    | 0.17%             | 2030-11-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BANK BAHRAIN & KUWAIT                                   | BBK BSC                                                                          | CUSIP: 000000000<br>LEI: 549300MCPF5HTBF8ZR90 | Long             | DBT              | CORP              | BH        |    400000 | PA      | $404875.00    | 0.09%             | 2029-06-06      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| RUMO LUXEMBOURG SARL                                    | Rumo Luxembourg Sarl                                                             | CUSIP: 000000000<br>LEI: 222100HOIQFT7YOSPB46 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $199062.50    | 0.04%             | 2028-01-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123DP2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1600000 | PA      | $1617200.00   | 0.35%             | 2032-02-12      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 000000000<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    400000 | PA      | $408980.00    | 0.09%             | 2035-05-20      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MERSIN ULUSLARARASI LIMA                                | Mersin Uluslararasi Liman Isletmeciligi AS                                       | CUSIP: 000000000<br>LEI: 635400DAFN6NT43HM530 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $416500.00    | 0.09%             | 2028-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                                | Petrobras Global Finance BV                                                      | CUSIP: 71647NAK5<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    516000 | PA      | $524875.20    | 0.11%             | 2044-03-17      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    800000 | PA      | $814000.00    | 0.18%             | 2030-02-04      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya Government International Bonds        | Republic of Kenya Government International Bonds                                 | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    600000 | PA      | $499878.00    | 0.11%             | 2048-02-28      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                         | IHS Holding Ltd                                                                  | CUSIP: 000000000<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $407468.00    | 0.09%             | 2031-11-29      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| AUB SUKUK LTD                                           | AUB Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 549300FXQ5JG3SV47Q86 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $194600.00    | 0.04%             | 2026-09-09      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| CBB International Sukuk Programme Co. WLL               | CBB International Sukuk Programme Co. WLL                                        | CUSIP: 000000000<br>LEI: 5493006IRJ2IWXTNIM16 | Long             | DBT              | NUSS              | BH        |    550000 | PA      | $517764.50    | 0.11%             | 2029-05-18      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    725000 | PA      | $762700.00    | 0.17%             | 2031-02-03      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                                     | Bangkok Bank PCL/Hong Kong                                                       | CUSIP: 000000000<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |    400000 | PA      | $399360.00    | 0.09%             | 2025-09-23      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                         | Cemex SAB de CV                                                                  | CUSIP: 151290CC5<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    600000 | PA      | $611700.00    | 0.13%             | 2030-06-10      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                | First Quantum Minerals Ltd                                                       | CUSIP: 000000000<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $830000.00    | 0.18%             | 2031-06-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Jamaica Government International Bonds                  | Jamaica Government International Bonds                                           | CUSIP: 470160AV4<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |    700000 | PA      | $821922.50    | 0.18%             | 2039-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| Finance Department Government of Sharjah                | Finance Department Government of Sharjah                                         | CUSIP: 000000000<br>LEI: 254900ZNL8O3F1CLJO24 | Long             | DBT              | NUSS              | AE        |    600000 | PA      | $606966.00    | 0.13%             | 2036-03-06      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Bahrain Government International Bonds                  | Bahrain Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    600000 | PA      | $632850.00    | 0.14%             | 2036-02-12      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| JSW STEEL LTD                                           | JSW Steel Ltd                                                                    | CUSIP: 000000000<br>LEI: 335800EK6HZSC4CVAJ09 | Long             | DBT              | CORP              | IN        |    400000 | PA      | $376400.00    | 0.08%             | 2032-04-05      | Fixed         | 5.05%                 | No            |                  2 | On Loan: —       |
| Oman Government International Bonds                     | Oman Government International Bonds                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    950000 | PA      | $959500.00    | 0.21%             | 2027-03-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| METINVEST BV                                            | Metinvest BV                                                                     | CUSIP: 000000000<br>LEI: 635400TMCKVEU87EJ582 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $150000.00    | 0.03%             | 2029-10-17      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325EA9<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    600000 | PA      | $393000.00    | 0.09%             | 2042-02-22      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SEASPAN CORP                                            | Seaspan Corp                                                                     | CUSIP: 000000000<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |    400000 | PA      | $379448.00    | 0.08%             | 2029-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Finance Department Government of Sharjah                | Finance Department Government of Sharjah                                         | CUSIP: 000000000<br>LEI: 254900ZNL8O3F1CLJO24 | Long             | DBT              | NUSS              | AE        |    700000 | PA      | $454343.75    | 0.10%             | 2050-07-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123DD9<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    900000 | PA      | $870975.00    | 0.19%             | 2033-09-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| TURKIYE VAKIFLAR BANKASI                                | Turkiye Vakiflar Bankasi TAO                                                     | CUSIP: 000000000<br>LEI: 789000KAIHOLSQKQ9858 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $200200.00    | 0.04%             | 2026-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAN MIGUEL GLOBAL POWER                                 | San Miguel Global Power Holdings Corp                                            | CUSIP: 000000000<br>LEI: 549300HBCE80QXKII590 | Long             | DBT              | CORP              | PH        |    400000 | PA      | $400000.00    | 0.09%             | 2029-06-12      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                    | YPF SA                                                                           | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    650000 | PA      | $654550.00    | 0.14%             | 2034-01-17      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds                          | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1100000 | PA      | $1092025.00   | 0.24%             | 2036-11-19      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance BV                             | Petrobras Global Finance BV                                                      | CUSIP: 71647NAN9<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    800000 | PA      | $711520.00    | 0.15%             | 2115-06-05      | Fixed         | 6.85%                 | No            |                  2 | On Loan: —       |
| LEBANESE REPUBLIC DFLT                                  | LEBANESE REPUBLIC DFLT                                                           | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | DE        |    730000 | PA      | $135050.00    | 0.03%             | 2024-10-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AKBANK TAS                                              | Akbank TAS                                                                       | CUSIP: 000000000<br>LEI: 789000TUMN63Z28TJ497 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $200376.00    | 0.04%             | 2035-09-04      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SHRIRAM FINANCE LTD                                     | Shriram Finance Ltd                                                              | CUSIP: 000000000<br>LEI: 335800TM2YO24B76XL26 | Long             | DBT              | CORP              | IN        |    400000 | PA      | $402802.00    | 0.09%             | 2028-04-03      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Finance Department Government of Sharjah                | Finance Department Government of Sharjah                                         | CUSIP: 000000000<br>LEI: 254900ZNL8O3F1CLJO24 | Long             | DBT              | NUSS              | AE        |    500000 | PA      | $528905.00    | 0.11%             | 2032-11-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds       | Argentina Republic Government International Bonds                                | CUSIP: 040114HW3<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   1161152 | PA      | $738928.14    | 0.16%             | 2046-07-09      | Variable      | 4.13%                 | No            |                  2 | On Loan: —       |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                            | CUSIP: 105756BB5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    800000 | PA      | $914800.00    | 0.20%             | 2034-01-20      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| EMIRATES NBD BANK PJSC                                  | Emirates NBD Bank PJSC                                                           | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | DBT              | CORP              | AE        |    600000 | PA      | $601312.50    | 0.13%             | 2026-04-09      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                | First Quantum Minerals Ltd                                                       | CUSIP: 000000000<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $845000.00    | 0.18%             | 2029-03-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325ER2<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1200000 | PA      | $1255731.00   | 0.27%             | 2030-04-25      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                    | YPF SA                                                                           | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    500000 | PA      | $527655.00    | 0.11%             | 2031-01-17      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| HTA GROUP LTD                                           | HTA Group Ltd/Mauritius                                                          | CUSIP: 000000000<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |    400000 | PA      | $412624.00    | 0.09%             | 2029-06-04      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VANKE REAL ESTATE HK                                    | Vanke Real Estate Hong Kong Co Ltd                                               | CUSIP: 000000000<br>LEI: 25490078APAXS5NZGF08 | Long             | DBT              | CORP              | HK        |    600000 | PA      | $482700.00    | 0.10%             | 2027-11-09      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| BANCO BRADESCO (CAYMAN)                                 | Banco Bradesco SA/Cayman Islands                                                 | CUSIP: 05947LBA5<br>LEI: 549300CTUU1RFXHQJE44 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $398080.00    | 0.09%             | 2027-03-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| CFAMC IV CO LTD                                         | CFAMC IV Co Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300M6T6OW4AGYHK10 | Long             | DBT              | CORP              | VG        |    400000 | PA      | $390875.00    | 0.08%             | 2029-05-29      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SOBHA SUKUK LTD                                         | Sobha Sukuk Ltd                                                                  | CUSIP: 000000000<br>LEI: 5493000HMN2AOHV8GU08 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $409500.00    | 0.09%             | 2029-02-19      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                | Sri Lanka Government International Bonds                                         | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    882040 | PA      | $626248.40    | 0.14%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| ENFRAGEN ENERGIA SUR SA                                 | EnfraGen Energia Sur SA / EnfraGen Spain SA / Prime Energia SpA                  | CUSIP: 000000000<br>LEI: 2549002TO75PYMY3VY07 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $361400.00    | 0.08%             | 2030-12-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TRIDENT ENERGY FINANCE                                  | Trident Energy Finance PLC                                                       | CUSIP: 000000000<br>LEI: 9845004ECK3FYO64I382 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $411876.00    | 0.09%             | 2029-11-30      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                  | Standard Chartered PLC                                                           | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $632250.00    | 0.14%             | 2030-03-08      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Peru LNG Srl                                            | Peru LNG Srl                                                                     | CUSIP: 000000000<br>LEI: 254900F70J1LOALV5K70 | Long             | DBT              | CORP              | PE        |    500040 | PA      | $474412.95    | 0.10%             | 2030-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| ACU PETROLEO LUXEMBOURG                                 | Acu Petroleo Luxembourg Sarl                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    265258 | PA      | $267109.48    | 0.06%             | 2032-01-13      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                     | Oman Government International Bonds                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |   1200000 | PA      | $1259472.00   | 0.27%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 000000000<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $211090.00    | 0.05%             | 2030-10-14      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds       | Argentina Republic Government International Bonds                                | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   1146291 | PA      | $927150.93    | 0.20%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bonds               | Costa Rica Government International Bonds                                        | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    600000 | PA      | $618000.00    | 0.13%             | 2031-02-19      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Jamaica Government International Bonds                  | Jamaica Government International Bonds                                           | CUSIP: 470160CA8<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |    700000 | PA      | $726775.00    | 0.16%             | 2028-04-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    200000 | PA      | $164812.00    | 0.04%             | 2049-03-01      | Fixed         | 8.70%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                    | Samarco Mineracao SA                                                             | CUSIP: 000000000<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |   2525079 | PA      | $2496671.86   | 0.54%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| COCA-COLA ICECEK AS                                     | Coca-Cola Icecek AS                                                              | CUSIP: 000000000<br>LEI: 789000WT80VVLUWJDK41 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $194550.00    | 0.04%             | 2029-01-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 000000000<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $196062.00    | 0.04%             | 2027-01-24      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    700000 | PA      | $681926.00    | 0.15%             | 2030-02-23      | Fixed         | 7.14%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds                          | CUSIP: 836205BB9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1950000 | PA      | $1458658.50   | 0.32%             | 2049-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| HDFC BANK LTD                                           | HDFC Bank Ltd                                                                    | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | DBT              | CORP              | IN        |    600000 | PA      | $583500.00    | 0.13%             | 2026-08-25      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| LONGFOR HOLDINGS LTD                                    | Longfor Group Holdings Ltd                                                       | CUSIP: 000000000<br>LEI: 254900UJX27B2F1JYR13 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $179926.00    | 0.04%             | 2028-01-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BRASKEM IDESA SAPI                                      | Braskem Idesa SAPI                                                               | CUSIP: 000000000<br>LEI: YH0V7ZHY352ITDGEYB83 | Long             | DBT              | CORP              | MX        |    700000 | PA      | $465500.00    | 0.10%             | 2032-02-20      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    800000 | PA      | $683000.00    | 0.15%             | 2051-09-28      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    950000 | PA      | $958075.00    | 0.21%             | 2027-01-25      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BRF SA                                                  | BRF SA                                                                           | CUSIP: 000000000<br>LEI: 254900MTXR9LUVQFU480 | Long             | DBT              | CORP              | BR        |    400000 | PA      | $382572.00    | 0.08%             | 2030-01-24      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FIN CO LLC                                   | Teva Pharmaceutical Finance Co LLC                                               | CUSIP: 88163VAD1<br>LEI: 5493006PITD7MU7WW480 | Long             | DBT              | CORP              | US        |    500000 | PA      | $505885.00    | 0.11%             | 2036-02-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: —       |
| Guatemala Government Bonds                              | Guatemala Government Bonds                                                       | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    600000 | PA      | $614312.76    | 0.13%             | 2036-06-13      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| USIMINAS INTERNATIONAL                                  | Usiminas International Sarl                                                      | CUSIP: 000000000<br>LEI: 529900KLYX6QPXVIVP43 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $408350.00    | 0.09%             | 2032-01-27      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance BV                             | Petrobras Global Finance BV                                                      | CUSIP: 71647NBL2<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    550000 | PA      | $532331.25    | 0.12%             | 2035-01-13      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OTP BANK NYRT                                           | OTP Bank Nyrt                                                                    | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | DBT              | CORP              | HU        |    400000 | PA      | $429624.00    | 0.09%             | 2033-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123AL4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    900000 | PA      | $1109655.00   | 0.24%             | 2030-01-15      | Fixed         | 11.88%                | No            |                  2 | On Loan: —       |
| Ukraine Government International Bonds                  | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   1548860 | PA      | $782174.30    | 0.17%             | 2036-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| TURKCELL ILETISIM HIZMET                                | Turkcell Iletisim Hizmetleri AS                                                  | CUSIP: 000000000<br>LEI: 7890003EX1LTLS2FFL84 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $412376.00    | 0.09%             | 2032-01-24      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| Morocco Government International Bonds                  | Morocco Government International Bonds                                           | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    700000 | PA      | $740481.00    | 0.16%             | 2033-09-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325EP6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1200000 | PA      | $1196700.00   | 0.26%             | 2036-11-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                              | CUSIP: 71654QCL4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1000000 | PA      | $742300.00    | 0.16%             | 2048-02-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    700000 | PA      | $626281.25    | 0.14%             | 2033-09-30      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| SASOL Financing USA LLC                                 | Sasol Financing USA LLC                                                          | CUSIP: 80386WAB1<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    400000 | PA      | $385100.00    | 0.08%             | 2028-09-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Ecuador Government International Bonds                  | Ecuador Government International Bonds                                           | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |   3724602 | PA      | $2771103.89   | 0.60%             | 2035-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    850000 | PA      | $737800.00    | 0.16%             | 2041-01-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                     | Oman Government International Bonds                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    800000 | PA      | $835136.00    | 0.18%             | 2027-10-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CANACOL ENERGY LTD                                      | Canacol Energy Ltd                                                               | CUSIP: 000000000<br>LEI: 549300X5MNRWPMSM9N14 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $118528.00    | 0.03%             | 2028-11-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    850000 | PA      | $808243.75    | 0.18%             | 2049-06-05      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                 | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAK7<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    800000 | PA      | $826200.00    | 0.18%             | 2028-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| GRAN TIERRA ENERGY INC                                  | Gran Tierra Energy Inc                                                           | CUSIP: 000000000<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |    400000 | PA      | $329000.00    | 0.07%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: —       |
| Oman Government International Bonds                     | Oman Government International Bonds                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |   1200000 | PA      | $1264800.00   | 0.27%             | 2047-03-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL BANK OF DUBAI                                | Commercial Bank of Dubai PSC                                                     | CUSIP: 000000000<br>LEI: 2138002DQL2YD4S8HE87 | Long             | DBT              | CORP              | AE        |    400000 | PA      | $399252.00    | 0.09%             | 2026-04-21      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bonds                  | Ecuador Government International Bonds                                           | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |   1853095 | PA      | $1154133.88   | 0.25%             | 2040-07-31      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DELHI INTL AIRPORT                                      | Delhi International Airport Ltd                                                  | CUSIP: 000000000<br>LEI: 335800HBF5DARYMEUD12 | Long             | DBT              | CORP              | IN        |    400000 | PA      | $403800.00    | 0.09%             | 2026-10-31      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BANCO DO BRASIL (CAYMAN)                                | Banco do Brasil SA/Cayman                                                        | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $196900.00    | 0.04%             | 2029-01-11      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Bahrain Government International Bonds                  | Bahrain Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    800000 | PA      | $821248.00    | 0.18%             | 2029-09-20      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MAF GLOBAL SECURITIES                                   | MAF Global Securities Ltd                                                        | CUSIP: 000000000<br>LEI: 54930037VUDNYTS17017 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $206312.00    | 0.04%             | 2027-06-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   2000000 | PA      | $1686000.00   | 0.37%             | 2060-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                | Sri Lanka Government International Bonds                                         | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |   1208183 | PA      | $987689.60    | 0.21%             | 2033-03-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| ABSA GROUP LTD                                          | Absa Group Ltd                                                                   | CUSIP: 000000000<br>LEI: 2138006IPPRD4N6XLT30 | Long             | DBT              | CORP              | ZA        |    200000 | PA      | $199000.00    | 0.04%             | 2026-05-27      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Republic of Angola                                      | Angolan Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |   1000000 | PA      | $967500.00    | 0.21%             | 2028-05-09      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TURKIYE VAKIFLAR BANKASI                                | Turkiye Vakiflar Bankasi TAO                                                     | CUSIP: 90015WAR4<br>LEI: 789000KAIHOLSQKQ9858 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $200200.00    | 0.04%             | 2030-07-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CBB International Sukuk Programme Co. WLL               | CBB International Sukuk Programme Co. WLL                                        | CUSIP: 000000000<br>LEI: 5493006IRJ2IWXTNIM16 | Long             | DBT              | NUSS              | BH        |    500000 | PA      | $482190.00    | 0.10%             | 2027-09-16      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Bolivia Government International Bonds                  | Bolivia Government International Bonds                                           | CUSIP: 000000000<br>LEI: 529900TGIRPY3SZXEB56 | Long             | DBT              | NUSS              | BO        |    600000 | PA      | $458100.00    | 0.10%             | 2028-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1150000 | PA      | $1096525.00   | 0.24%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ABRA GLOBAL FINANCE                                     | ABRA Global Finance                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    322558 | PA      | $246050.47    | 0.05%             | 2029-10-22      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| NWD FINANCE (BVI) LTD                                   | NWD Finance BVI Ltd                                                              | CUSIP: 000000000<br>LEI: 25490076V8K09HMNCT88 | Long             | DBT              | CORP              | VG        |    800000 | PA      | $186000.00    | 0.04%             | 2025-09-07      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    600000 | PA      | $576750.00    | 0.13%             | 2048-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| SMIC SG HOLDINGS PTE LTD                                | SMIC SG Holdings Pte Ltd                                                         | CUSIP: 000000000<br>LEI: 254900CQKQDZMZH3G563 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $203250.00    | 0.04%             | 2029-07-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123DF4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   2000000 | PA      | $2185625.00   | 0.47%             | 2028-01-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| MASHREQBANK PSC                                         | Mashreqbank PSC                                                                  | CUSIP: 000000000<br>LEI: 5493000SA3K24EQKA103 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $206126.00    | 0.04%             | 2029-06-10      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                | OCP SA                                                                           | CUSIP: 000000000<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    800000 | PA      | $831924.32    | 0.18%             | 2034-05-02      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Pakistan Government International Bonds                 | Pakistan Government International Bonds                                          | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |    750000 | PA      | $733125.00    | 0.16%             | 2027-12-05      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                     | Oman Government International Bonds                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    600000 | PA      | $689925.00    | 0.15%             | 2032-10-28      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bonds                  | Lebanon Government International Bonds                                           | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    800000 | PA      | $148000.00    | 0.03%             | 2027-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oman Sovereign Sukuk Co.                                | Oman Sovereign Sukuk Co.                                                         | CUSIP: 000000000<br>LEI: 549300KM6RUZQLK8LU36 | Long             | DBT              | NUSS              | OM        |   1000000 | PA      | $1013400.00   | 0.22%             | 2030-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GDZ ELEKTRIK DAGITIM AS                                 | GDZ Elektrik Dagitim AS                                                          | CUSIP: 000000000<br>LEI: 984500B63B5766038A64 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $389000.00    | 0.08%             | 2029-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BANK OF EAST ASIA LTD                                   | Bank of East Asia Ltd/The                                                        | CUSIP: 000000000<br>LEI: CO6GC26LCGGRTUESIP55 | Long             | DBT              | CORP              | HK        |    250000 | PA      | $249377.50    | 0.05%             | 2025-10-21      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds       | Argentina Republic Government International Bonds                                | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |  12340000 | PA      | $8102444.00   | 1.76%             | 2035-07-09      | Variable      | 4.13%                 | No            |                  2 | On Loan: —       |
| Jordan Government International Bonds                   | Jordan Government International Bonds                                            | CUSIP: 000000000<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    600000 | PA      | $597012.00    | 0.13%             | 2027-01-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JSW STEEL LTD                                           | JSW Steel Ltd                                                                    | CUSIP: 000000000<br>LEI: 335800EK6HZSC4CVAJ09 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $194449.30    | 0.04%             | 2027-04-05      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| AMAGGI LUX INTL SARL                                    | Amaggi Luxembourg International Sarl                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    400000 | PA      | $392000.00    | 0.09%             | 2028-01-28      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| ALTICE FINANCING SA                                     | Altice Financing SA                                                              | CUSIP: 000000000<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    700000 | PA      | $560210.00    | 0.12%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MGM CHINA HOLDINGS LTD                                  | MGM China Holdings Ltd                                                           | CUSIP: 000000000<br>LEI: 529900VZFN87OS7WJM66 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $416436.28    | 0.09%             | 2031-06-26      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| LIMAK YENILENEBILIR                                     | Limak Yenilenebilir Enerji AS                                                    | CUSIP: 000000000<br>LEI: 789000WFO2FHRONHFN18 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $398370.80    | 0.09%             | 2030-08-12      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| SHARJAH SUKUK PROGRAM                                   | Sharjah Sukuk Program Ltd                                                        | CUSIP: 000000000<br>LEI: 549300N3BQ9P6RRMVV02 | Long             | DBT              | NUSS              | KY        |    600000 | PA      | $600564.00    | 0.13%             | 2035-04-17      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                                  | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX     | CUSIP: 000000000<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    600000 | PA      | $625560.00    | 0.14%             | 2039-01-08      | Fixed         | 8.13%                 | No            |                  2 | On Loan: —       |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                            | CUSIP: 105756BR0<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1300000 | PA      | $1160900.00   | 0.25%             | 2041-01-07      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ITAU UNIBANCO HLDG SA/KY                                | Itau Unibanco Holding SA/Cayman Island                                           | CUSIP: 46556W2E9<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | DBT              | CORP              | BR        |    800000 | PA      | $820000.00    | 0.18%             | 2030-02-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| Ecuador Government International Bonds                  | Ecuador Government International Bonds                                           | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |   1733609 | PA      | $1516907.88   | 0.33%             | 2030-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| JSW HYDRO ENERGY LTD                                    | JSW Hydro Energy Ltd                                                             | CUSIP: 000000000<br>LEI: 3358006ZP5KO7VUH2790 | Long             | DBT              | CORP              | IN        |    284000 | PA      | $263126.00    | 0.06%             | 2031-05-18      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   1200000 | PA      | $1003140.00   | 0.22%             | 2050-05-29      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| BANCO BRADESCO (CAYMAN)                                 | Banco Bradesco SA/Cayman Islands                                                 | CUSIP: 05947LBB3<br>LEI: 549300CTUU1RFXHQJE44 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $416400.00    | 0.09%             | 2030-01-22      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VISTA OIL & GAS ARGENTIN                                | Vista Energy Argentina SAU                                                       | CUSIP: 92841RAB6<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |    200000 | PA      | $205200.00    | 0.04%             | 2033-06-10      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                 | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAF8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   1250000 | PA      | $880062.50    | 0.19%             | 2046-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123DG2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1600000 | PA      | $1820500.00   | 0.39%             | 2033-01-19      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| FORTUNE STAR BVI LTD                                    | Fortune Star BVI Ltd                                                             | CUSIP: 000000000<br>LEI: 2549008CU8NYQQRSNU62 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $205000.00    | 0.04%             | 2028-05-19      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CBB International Sukuk Programme Co. WLL               | CBB International Sukuk Programme Co. WLL                                        | CUSIP: 000000000<br>LEI: 5493006IRJ2IWXTNIM16 | Long             | DBT              | NUSS              | BH        |    600000 | PA      | $615675.00    | 0.13%             | 2030-10-18      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MINSUR SA                                               | Minsur SA                                                                        | CUSIP: 000000000<br>LEI: 254900C69MVC7SXO2G61 | Long             | DBT              | CORP              | PE        |    400000 | PA      | $375020.00    | 0.08%             | 2031-10-28      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| TEVA PHARMACEUTICALS NE                                 | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    707000 | PA      | $690208.75    | 0.15%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: —       |
| MELCO RESORTS FINANCE                                   | Melco Resorts Finance Ltd                                                        | CUSIP: 000000000<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $589500.00    | 0.13%             | 2028-07-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| FORD OTOMOTIV SANAYI AS                                 | Ford Otomotiv Sanayi AS                                                          | CUSIP: 000000000<br>LEI: 7890006XJG6ZE2H34671 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $201875.00    | 0.04%             | 2029-04-25      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| EDO Sukuk Ltd.                                          | EDO Sukuk Ltd.                                                                   | CUSIP: 000000000<br>LEI: 5493000LZIE4T625R469 | Long             | DBT              | CORP              | KY        |    650000 | PA      | $675798.50    | 0.15%             | 2033-09-21      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CBB International Sukuk Programme Co. WLL               | CBB International Sukuk Programme Co. WLL                                        | CUSIP: 000000000<br>LEI: 5493006IRJ2IWXTNIM16 | Long             | DBT              | NUSS              | BH        |    600000 | PA      | $589050.00    | 0.13%             | 2027-03-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KUWAIT PROJECTS CO SPC L                                | Kuwait Projects Co SPC Ltd                                                       | CUSIP: 000000000<br>LEI: 254900BQTJEWBK1TAN59 | Long             | DBT              | CORP              | AE        |    400000 | PA      | $374796.00    | 0.08%             | 2026-10-29      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                       | Vedanta Resources Finance II PLC                                                 | CUSIP: 000000000<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $208250.00    | 0.05%             | 2031-12-03      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds       | Argentina Republic Government International Bonds                                | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   7619856 | PA      | $5856284.52   | 1.27%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                | Sri Lanka Government International Bonds                                         | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    574271 | PA      | $545557.73    | 0.12%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                          | Wynn Macau Ltd                                                                   | CUSIP: 000000000<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $576678.00    | 0.13%             | 2029-12-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                              | CUSIP: 71654QDP4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1200000 | PA      | $1333740.00   | 0.29%             | 2033-02-07      | Fixed         | 10.00%                | No            |                  2 | On Loan: —       |
| CSN RESOURCES SA                                        | CSN Resources SA                                                                 | CUSIP: 000000000<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $395800.00    | 0.09%             | 2030-12-05      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                              | CUSIP: 706451BG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1600000 | PA      | $1421944.00   | 0.31%             | 2035-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| AKBANK TAS                                              | Akbank TAS                                                                       | CUSIP: 000000000<br>LEI: 789000TUMN63Z28TJ497 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $415000.00    | 0.09%             | 2029-03-14      | Fixed         | 9.37%                 | No            |                  2 | On Loan: No      |
| CA MAGNUM HOLDINGS                                      | CA Magnum Holdings                                                               | CUSIP: 000000000<br>LEI: 549300ZRDHFR078MFZ78 | Long             | DBT              | CORP              | MU        |    600000 | PA      | $595275.00    | 0.13%             | 2026-10-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| CBB INTL SUKUK PROG WLL                                 | CBB International Sukuk Programme Co WLL                                         | CUSIP: 000000000<br>LEI: 5493006IRJ2IWXTNIM16 | Long             | DBT              | NUSS              | BH        |    800000 | PA      | $806224.00    | 0.17%             | 2032-06-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                       | Vedanta Resources Finance II PLC                                                 | CUSIP: 000000000<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $402000.00    | 0.09%             | 2033-04-24      | Fixed         | 9.85%                 | No            |                  2 | On Loan: —       |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325DZ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1400000 | PA      | $1137737.72   | 0.25%             | 2032-04-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SIERRACOL ENRGY ANDINA                                  | SierraCol Energy Andina LLC                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $375600.00    | 0.08%             | 2028-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance BV                             | Petrobras Global Finance BV                                                      | CUSIP: 71647NBH1<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    475000 | PA      | $481241.50    | 0.10%             | 2031-01-03      | Fixed         | 5.60%                 | No            |                  2 | On Loan: —       |
| Petrobras Global Finance BV                             | Petrobras Global Finance BV                                                      | CUSIP: 71647NBK4<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    550000 | PA      | $564885.75    | 0.12%             | 2033-07-03      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325EQ4<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1000000 | PA      | $972000.00    | 0.21%             | 2054-11-07      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Bahrain Government International Bonds                  | Bahrain Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    600000 | PA      | $565734.00    | 0.12%             | 2032-09-16      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                            | CUSIP: 105756CB4<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   2450000 | PA      | $1715000.00   | 0.37%             | 2050-01-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| YAPI VE KREDI BANKASI AS                                | Yapi ve Kredi Bankasi AS                                                         | CUSIP: 000000000<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $403300.00    | 0.09%             | 2029-10-10      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| GREENTOWN CHINA HLDGS                                   | Greentown China Holdings Ltd                                                     | CUSIP: 000000000<br>LEI: 529900BLBC6YDNWS8530 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $409000.00    | 0.09%             | 2028-02-24      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325DR3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    900000 | PA      | $790200.00    | 0.17%             | 2030-01-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ITAU UNIBANCO HLDG SA/KY                                | Itau Unibanco Holding SA/Cayman Island                                           | CUSIP: 000000000<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $200400.00    | 0.04%             | 2025-08-27      | Fixed         | 7.56%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123DA5<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1400000 | PA      | $1360450.00   | 0.30%             | 2031-01-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| LONGFOR HOLDINGS LTD                                    | Longfor Group Holdings Ltd                                                       | CUSIP: 000000000<br>LEI: 254900UJX27B2F1JYR13 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $494250.00    | 0.11%             | 2029-09-16      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                | OCP SA                                                                           | CUSIP: 000000000<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    400000 | PA      | $306528.00    | 0.07%             | 2051-06-23      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                     | Muthoot Finance Ltd                                                              | CUSIP: 62828M2D2<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |    400000 | PA      | $400000.00    | 0.09%             | 2029-04-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    800000 | PA      | $659248.00    | 0.14%             | 2049-03-01      | Fixed         | 8.70%                 | No            |                  2 | On Loan: No      |
| Bahrain Government International Bonds                  | Bahrain Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    800000 | PA      | $686000.00    | 0.15%             | 2044-09-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GLP PTE LTD                                             | GLP Pte Ltd                                                                      | CUSIP: 000000000<br>LEI: 254900PC2NNG9BLIJO15 | Long             | DBT              | CORP              | SG        |    600000 | PA      | $331500.00    | 0.07%             | 2026-05-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| El Salvador Government International Bonds              | El Salvador Government International Bonds                                       | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    600000 | PA      | $632100.00    | 0.14%             | 2030-04-17      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                                   | Minerva Luxembourg SA                                                            | CUSIP: 000000000<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |    600000 | PA      | $651750.00    | 0.14%             | 2033-09-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| PEGASUS HAVA TASIMACILIG                                | Pegasus Hava Tasimaciligi AS                                                     | CUSIP: 000000000<br>LEI: 789000B1MW5PQ58A8T03 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $403876.00    | 0.09%             | 2031-09-11      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| YINSON BORONIA PRODUCTIO                                | Yinson Boronia Production BV                                                     | CUSIP: 000000000<br>LEI: 5493007X12FTT746N678 | Long             | DBT              | CORP              | NL        |    588654 | PA      | $634557.24    | 0.14%             | 2042-07-31      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                                     | CUSIP: 279158AP4<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    700000 | PA      | $603834.00    | 0.13%             | 2031-11-02      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NANYANG COMMERCIAL BANK                                 | Nanyang Commercial Bank Ltd                                                      | CUSIP: 000000000<br>LEI: SC4P6WZO702RYEIU7J93 | Long             | DBT              | CORP              | HK        |    250000 | PA      | $253567.50    | 0.05%             | 2027-04-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DUBAI GOVT INT'L BONDS                                  | Emirate of Dubai Government International Bonds                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |    800000 | PA      | $574720.00    | 0.12%             | 2050-09-09      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325DP7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1200000 | PA      | $1149000.00   | 0.25%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Jordan Government International Bonds                   | Jordan Government International Bonds                                            | CUSIP: 000000000<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    600000 | PA      | $543900.00    | 0.12%             | 2047-10-10      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                                      | Leviathan Bond Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |    350000 | PA      | $347812.50    | 0.08%             | 2027-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                       | Vedanta Resources Finance II PLC                                                 | CUSIP: 000000000<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $395500.00    | 0.09%             | 2030-07-24      | Fixed         | 9.48%                 | No            |                  2 | On Loan: No      |
| PLAYTIKA HOLDING CORP                                   | Playtika Holding Corp                                                            | CUSIP: 000000000<br>LEI: 254900E35Z4TKA4UFG64 | Long             | DBT              | CORP              | US        |    300000 | PA      | $274545.00    | 0.06%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                    | YPF SA                                                                           | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    315000 | PA      | $268931.25    | 0.06%             | 2047-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| TOTAL PLAY TELECOM                                      | Total Play Telecomunicaciones SA de CV                                           | CUSIP: 000000000<br>LEI: 4469000001BSAPAMOQ06 | Long             | DBT              | CORP              | MX        |    580000 | PA      | $557131.30    | 0.12%             | 2032-12-31      | Fixed         | 11.13%                | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                              | CUSIP: 71654QCB6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1450000 | PA      | $1454930.00   | 0.32%             | 2026-08-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| KASIKORNBANK PCL HK                                     | Kasikornbank PCL/Hong Kong                                                       | CUSIP: 000000000<br>LEI: 5493004COSQ54937AW41 | Long             | DBT              | CORP              | TH        |    600000 | PA      | $584778.00    | 0.13%             | 2031-10-02      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| Bahrain Government International Bonds                  | Bahrain Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    600000 | PA      | $642774.00    | 0.14%             | 2035-04-18      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Senegal Government International Bonds                  | Senegal Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |    700000 | PA      | $520408.00    | 0.11%             | 2033-05-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OTEL SUKUK LTD                                          | Otel Sukuk Ltd                                                                   | CUSIP: 000000000<br>LEI: 254900KXP47C6DXN6A03 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $201938.00    | 0.04%             | 2031-01-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OMNIYAT SUKUK 1 LTD                                     | Omniyat Sukuk 1 Ltd                                                              | CUSIP: 000000000<br>LEI: 254900RFKE3XFTFFLM58 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $411412.00    | 0.09%             | 2028-05-06      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    800000 | PA      | $820752.00    | 0.18%             | 2029-03-24      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 000000000<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    400000 | PA      | $403200.00    | 0.09%             | 2028-01-10      | Fixed         | 7.63%                 | No            |                  2 | On Loan: —       |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                                   | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $703500.00    | 0.15%             | 2030-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| YPF SOCIEDAD ANONIMA                                    | YPF SA                                                                           | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    400000 | PA      | $412875.00    | 0.09%             | 2029-06-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                       | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    720000 | PA      | $133200.00    | 0.03%             | 2027-11-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARABIAN CENTRES SUKUK II                                | Arabian Centres Sukuk II Ltd                                                     | CUSIP: 000000000<br>LEI: 549300X92PKHJD8UYG94 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $377124.00    | 0.08%             | 2026-10-07      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                                | Petrobras Global Finance BV                                                      | CUSIP: 71645WAS0<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    600000 | PA      | $592350.00    | 0.13%             | 2041-01-27      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| ULKER BISKUVI SANAYI AS                                 | Ulker Biskuvi Sanayi AS                                                          | CUSIP: 000000000<br>LEI: 7890009HEU9BS7J3DA93 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $414000.00    | 0.09%             | 2031-07-08      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Zambia Government International Bonds                   | Zambia Government International Bonds                                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |    694403 | PA      | $643551.79    | 0.14%             | 2033-06-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds                          | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    900000 | PA      | $856800.00    | 0.19%             | 2054-11-19      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| FALABELLA SA                                            | Falabella SA                                                                     | CUSIP: 000000000<br>LEI: 5493004CKJQ7H391LM41 | Long             | DBT              | CORP              | CL        |    400000 | PA      | $348800.00    | 0.08%             | 2032-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                 | Sasol Financing USA LLC                                                          | CUSIP: 000000000<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    700000 | PA      | $698250.00    | 0.15%             | 2029-05-03      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ATP TOW/ANDEAN TELECOM                                  | ATP Tower Holdings / Andean Telecom Partners Chile SpA / Andean Tower Partners C | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    200000 | PA      | $202590.00    | 0.04%             | 2030-02-03      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TURKIYE IS BANKASI A.S                                  | Turkiye Is Bankasi AS                                                            | CUSIP: 000000000<br>LEI: 789000FIRX9MDN0KTM91 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $425331.00    | 0.09%             | 2028-06-29      | Fixed         | 9.19%                 | No            |                  2 | On Loan: No      |
| HUNT OIL CO OF PERU                                     | Hunt Oil Co of Peru LLC Sucursal Del Peru                                        | CUSIP: 000000000<br>LEI: 549300SVO0550J3IKN50 | Long             | DBT              | CORP              | PE        |    200000 | PA      | $211340.00    | 0.05%             | 2038-11-05      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DELHI INTL AIRPORT                                      | Delhi International Airport Ltd                                                  | CUSIP: 000000000<br>LEI: 335800HBF5DARYMEUD12 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $206120.00    | 0.04%             | 2029-06-04      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| MGM CHINA HOLDINGS LTD                                  | MGM China Holdings Ltd                                                           | CUSIP: 000000000<br>LEI: 529900VZFN87OS7WJM66 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $396500.00    | 0.09%             | 2027-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GRUPO AEROMEXICO SAB                                    | Grupo Aeromexico SAB de CV                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    400000 | PA      | $389000.00    | 0.08%             | 2031-11-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: —       |
| VEDANTA RESOURCES                                       | Vedanta Resources Finance II PLC                                                 | CUSIP: 000000000<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $817200.00    | 0.18%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: —       |
| Pakistan Government International Bonds                 | Pakistan Government International Bonds                                          | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |    800000 | PA      | $748000.00    | 0.16%             | 2031-04-08      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds       | Argentina Republic Government International Bonds                                | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   6368608 | PA      | $3865745.06   | 0.84%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: —       |
| Wynn Macau Ltd                                          | Wynn Macau Ltd                                                                   | CUSIP: 000000000<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $398500.00    | 0.09%             | 2027-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Angola Government International Bonds                   | Angola Government International Bonds                                            | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |   1100000 | PA      | $998591.00    | 0.22%             | 2032-04-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BIOCON BIOLOGICS GLOBAL                                 | Biocon Biologics Global PLC                                                      | CUSIP: 000000000<br>LEI: 254900PMQN51VACG2D55 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $376000.00    | 0.08%             | 2029-10-09      | Fixed         | 6.67%                 | No            |                  2 | On Loan: —       |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123DC1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1100000 | PA      | $1057650.00   | 0.23%             | 2031-06-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FIN IV                                       | Teva Pharmaceutical Finance Netherlands IV BV                                    | CUSIP: 881937AA4<br>LEI: 549300GKSD1RG56QRY33 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $405120.00    | 0.09%             | 2030-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BANCO VOTORANTIM SA/LUX                                 | Banco Votorantim SA/Luxembourg                                                   | CUSIP: 000000000<br>LEI: X2EUTZGMHS8RBQFIUS93 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $405200.00    | 0.09%             | 2028-04-08      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BANCOLOMBIA SA                                          | Bancolombia SA                                                                   | CUSIP: 05968LAN2<br>LEI: 54930052NWJRPNMP1W58 | Long             | DBT              | CORP              | CO        |    400000 | PA      | $424600.00    | 0.09%             | 2034-12-24      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| CANPACK SA/CANPACK US                                   | Canpack SA / Canpack US LLC                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    400000 | PA      | $372000.00    | 0.08%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PORT OF SPAIN WATERFRONT                                | Port Of Spain Waterfront Development                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | TT        |    400000 | PA      | $392000.00    | 0.09%             | 2040-02-19      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ADIB CAPITAL INVEST THRE                                | Adib Capital Invest 3 Ltd                                                        | CUSIP: 000000000<br>LEI: 254900DBMFZCZH3KL232 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $415172.00    | 0.09%             | 2028-07-18      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                                | Yapi ve Kredi Bankasi AS                                                         | CUSIP: 000000000<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $419772.00    | 0.09%             | 2034-01-17      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    800000 | PA      | $814400.00    | 0.18%             | 2028-07-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 000000000<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    400000 | PA      | $400800.00    | 0.09%             | 2029-06-27      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| EMIRATES NBD BANK PJSC                                  | Emirates NBD Bank PJSC                                                           | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | DBT              | CORP              | AE        |    600000 | PA      | $612444.00    | 0.13%             | 2030-08-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds                          | CUSIP: 836205AW4<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    600000 | PA      | $597948.00    | 0.13%             | 2027-09-27      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SINGAPORE AIRLINES LTD                                  | Singapore Airlines Ltd                                                           | CUSIP: 000000000<br>LEI: 549300ZG62N2599PWR15 | Long             | DBT              | CORP              | SG        |    400000 | PA      | $385328.00    | 0.08%             | 2029-01-19      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| KRUNG THAI BANK/CAYMAN                                  | Krung Thai Bank PCL/Cayman Islands                                               | CUSIP: 000000000<br>LEI: 54930007ZQMYCRFQGE36 | Long             | DBT              | CORP              | TH        |    400000 | PA      | $395500.00    | 0.09%             | 2026-03-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CT TRUST                                                | CT Trust                                                                         | CUSIP: 000000000<br>LEI: 213800MJB7WO427HQD34 | Long             | DBT              | CORP              | GT        |    400000 | PA      | $374500.00    | 0.08%             | 2032-02-03      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| Bahrain Government International Bonds                  | Bahrain Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    600000 | PA      | $578472.00    | 0.13%             | 2031-09-30      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds                          | CUSIP: 836205BE3<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    900000 | PA      | $811800.00    | 0.18%             | 2052-04-20      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| TVF VARLIK KIRALAMA AS                                  | TVF Varlik Kiralama AS                                                           | CUSIP: 000000000<br>LEI: 7890008K3XQXPH1NO713 | Long             | DBT              | CORP              | TR        |    600000 | PA      | $608062.50    | 0.13%             | 2030-01-23      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| GRUPO AEROMEXICO SAB                                    | Grupo Aeromexico SAB de CV                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    200000 | PA      | $196080.00    | 0.04%             | 2029-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ZORLU ENERJI ELEKTRIK                                   | Zorlu Enerji Elektrik Uretim AS                                                  | CUSIP: 000000000<br>LEI: 7890005B5CSNL39OYO75 | Long             | DBT              | CORP              | TR        |    600000 | PA      | $583212.00    | 0.13%             | 2030-04-23      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| GRUPO NUTRESA SA                                        | Grupo Nutresa SA                                                                 | CUSIP: 000000000<br>LEI: 254900KKAX7B7RJUE255 | Long             | DBT              | CORP              | CO        |    600000 | PA      | $632400.00    | 0.14%             | 2030-05-12      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Guatemala Government Bonds                              | Guatemala Government Bonds                                                       | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    700000 | PA      | $640066.00    | 0.14%             | 2050-06-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| Bahrain Government International Bonds                  | Bahrain Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    200000 | PA      | $206562.50    | 0.04%             | 2028-10-12      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                                     | CUSIP: 279158AT6<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    650000 | PA      | $697742.50    | 0.15%             | 2029-01-19      | Fixed         | 8.63%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF SRI LANKA                                   | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    100000 | PA      | $81750.00     | 0.02%             | 2033-03-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| QNB BANK AS                                             | QNB Bank AS                                                                      | CUSIP: 000000000<br>LEI: 789000Q21SW842S9IJ58 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $207964.00    | 0.05%             | 2029-05-21      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NWD MTN LTD                                             | NWD MTN Ltd                                                                      | CUSIP: 000000000<br>LEI: 254900STSWBVJ5FV9O74 | Long             | DBT              | CORP              | VG        |    400000 | PA      | $203000.00    | 0.04%             | 2029-07-18      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| TURKIYE VAKIFLAR BANKASI                                | Turkiye Vakiflar Bankasi TAO                                                     | CUSIP: 000000000<br>LEI: 789000KAIHOLSQKQ9858 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $416000.00    | 0.09%             | 2034-10-05      | Fixed         | 8.99%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                   | Melco Resorts Finance Ltd                                                        | CUSIP: 000000000<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $571500.00    | 0.12%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| RIYAD T1 SUKUK LTD                                      | Riyad T1 Sukuk Ltd                                                               | CUSIP: 000000000<br>LEI: 254900U0H7PYCRKOV841 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $390180.00    | 0.08%             | 2029-10-03      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| IND & COMM BK OF CHINA                                  | Industrial & Commercial Bank of China Ltd                                        | CUSIP: 000000000<br>LEI: 5493002ERZU2K9PZDL40 | Long             | DBT              | CORP              | CN        |   3700000 | PA      | $3634732.00   | 0.79%             | 2026-09-24      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                            | CUSIP: 105756CE8<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    950000 | PA      | $850250.00    | 0.18%             | 2031-09-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| Paraguay Government International Bonds                 | Paraguay Government International Bonds                                          | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    600000 | PA      | $595800.00    | 0.13%             | 2031-04-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   1200000 | PA      | $1213125.00   | 0.26%             | 2027-01-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CNTL AMR BOTTLING CORP                                  | Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    700000 | PA      | $677453.00    | 0.15%             | 2029-04-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA                                 | Latam Airlines Group SA                                                          | CUSIP: 51817RAE6<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |    330000 | PA      | $338662.50    | 0.07%             | 2031-01-07      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| CHINA CITIC BANK INTL                                   | China CITIC Bank International Ltd                                               | CUSIP: 000000000<br>LEI: 54930034UPFJV0NHXV95 | Long             | DBT              | CORP              | HK        |    250000 | PA      | $249695.00    | 0.05%             | 2027-04-22      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                              | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   2200000 | PA      | $2037200.00   | 0.44%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| ITAU UNIBANCO HLDG SA/KY                                | Itau Unibanco Holding SA/Cayman Island                                           | CUSIP: 46556M2A9<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $198360.00    | 0.04%             | 2031-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| B3 SA-BRASIL BOLSA BALCA                                | B3 SA - Brasil Bolsa Balcao                                                      | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | DBT              | CORP              | BR        |    400000 | PA      | $364200.00    | 0.08%             | 2031-09-20      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                              | CUSIP: 71654QCP5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    725000 | PA      | $720650.00    | 0.16%             | 2029-01-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| HAZINE MUSTESARLIGI VARL                                | Hazine Mustesarligi Varlik Kiralama AS                                           | CUSIP: 000000000<br>LEI: 6354003QFJP7RDXEOZ20 | Long             | DBT              | NUSS              | TR        |   1600000 | PA      | $1604600.00   | 0.35%             | 2030-04-26      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   1000000 | PA      | $729040.00    | 0.16%             | 2061-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123CM0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   2000000 | PA      | $1528500.00   | 0.33%             | 2047-05-11      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1900000 | PA      | $1755766.06   | 0.38%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123AY6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1700000 | PA      | $1662974.00   | 0.36%             | 2036-03-17      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| 10 RENEW POWER SUBSIDIAR                                | ReNew Wind Energy AP2 / ReNew Power Pvt Ltd other 9 Subsidiaries                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |    400000 | PA      | $381000.00    | 0.08%             | 2028-07-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123DH0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1300000 | PA      | $1435200.00   | 0.31%             | 2029-03-14      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                                  | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX     | CUSIP: 000000000<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    600000 | PA      | $638850.00    | 0.14%             | 2038-06-29      | Fixed         | 8.45%                 | No            |                  2 | On Loan: —       |
| AES PANAMA GENERATION HL                                | AES Panama Generation Holdings SRL                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |    752670 | PA      | $684177.46    | 0.15%             | 2030-05-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LIQUID TELECOM FINANCE                                  | Liquid Telecommunications Financing Plc                                          | CUSIP: 000000000<br>LEI: 635400MXAVJRJJCWVI87 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $340876.00    | 0.07%             | 2026-09-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD / BORR FIN                                 | Borr IHC Ltd / Borr Finance LLC                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    712195 | PA      | $679597.95    | 0.15%             | 2028-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| TURKIYE VAKIFLAR BANKASI                                | Turkiye Vakiflar Bankasi TAO                                                     | CUSIP: 000000000<br>LEI: 789000KAIHOLSQKQ9858 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $199500.00    | 0.04%             | 2030-01-07      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                                | Yapi ve Kredi Bankasi AS                                                         | CUSIP: 000000000<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $430500.00    | 0.09%             | 2028-10-16      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| VEON MIDCO BV                                           | Veon Midco BV                                                                    | CUSIP: 000000000<br>LEI: 213800GOFSH7EPKBRE50 | Long             | DBT              | CORP              | NL        |    600000 | PA      | $555000.00    | 0.12%             | 2027-11-25      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TURKIYE IS BANKASI A.S                                  | Turkiye Is Bankasi AS                                                            | CUSIP: 000000000<br>LEI: 789000FIRX9MDN0KTM91 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $207062.00    | 0.04%             | 2030-01-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| Serbia International Bonds                              | Serbia International Bonds                                                       | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    735000 | PA      | $627963.79    | 0.14%             | 2030-12-01      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| OTP BANK NYRT                                           | OTP Bank Nyrt                                                                    | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | DBT              | CORP              | HU        |    400000 | PA      | $414048.00    | 0.09%             | 2035-07-30      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| SHARJAH SUKUK PROGRAM                                   | Sharjah Sukuk Program Ltd                                                        | CUSIP: 000000000<br>LEI: 549300N3BQ9P6RRMVV02 | Long             | DBT              | NUSS              | KY        |    800000 | PA      | $786360.00    | 0.17%             | 2028-03-14      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| ADECOAGRO SA                                            | Adecoagro SA                                                                     | CUSIP: 00676LAC0<br>LEI: 529900Q00UR5LFELO811 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $99925.00     | 0.02%             | 2032-07-29      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Jordan Government International Bonds                   | Jordan Government International Bonds                                            | CUSIP: 000000000<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    800000 | PA      | $825352.00    | 0.18%             | 2029-01-13      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123CG3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1800000 | PA      | $1557000.00   | 0.34%             | 2045-02-17      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| Nigeria Government International Bonds                  | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    800000 | PA      | $796000.00    | 0.17%             | 2027-11-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA                                 | Latam Airlines Group SA                                                          | CUSIP: 000000000<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |    855000 | PA      | $882531.00    | 0.19%             | 2030-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| NWD FINANCE (BVI) LTD                                   | NWD Finance BVI Ltd                                                              | CUSIP: 000000000<br>LEI: 25490076V8K09HMNCT88 | Long             | DBT              | CORP              | VG        |    600000 | PA      | $165354.00    | 0.04%             | 2026-03-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MANILA WATER CO INC                                     | Manila Water Co Inc                                                              | CUSIP: 000000000<br>LEI: 5493004SJIK0GOUIZM45 | Long             | DBT              | CORP              | PH        |    400000 | PA      | $390500.00    | 0.08%             | 2030-07-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES          | BlackRock Cash Funds: Treasury, SL Agency Shares                                 | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |   7180000 | NS      | $7180000.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123DK3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1800000 | PA      | $1863000.00   | 0.40%             | 2034-05-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: —       |
| PETROBRAS GLOBAL FINANCE                                | Petrobras Global Finance BV                                                      | CUSIP: 71645WAQ4<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    450000 | PA      | $451687.50    | 0.10%             | 2040-01-20      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| Angola Government International Bonds                   | Angola Government International Bonds                                            | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    800000 | PA      | $633248.00    | 0.14%             | 2049-11-26      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| 3R LUX SARL                                             | 3R Lux SARL                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    400000 | PA      | $411400.00    | 0.09%             | 2031-02-05      | Fixed         | 9.75%                 | No            |                  2 | On Loan: —       |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    800000 | PA      | $808800.00    | 0.18%             | 2029-03-01      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325EM3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1200000 | PA      | $1219200.00   | 0.26%             | 2053-11-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                                 | Energean Israel Finance Ltd                                                      | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |    400000 | PA      | $413159.52    | 0.09%             | 2033-09-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SAAVI ENERGIA SARL                                      | Saavi Energia Sarl                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    700000 | PA      | $730100.00    | 0.16%             | 2035-02-10      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ACCESS BANK PLC                                         | Access Bank PLC                                                                  | CUSIP: 000000000<br>LEI: 029200328C3N9YI2D660 | Long             | DBT              | CORP              | NG        |    200000 | PA      | $198178.00    | 0.04%             | 2026-09-21      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| SEPLAT ENERGY PLC                                       | SEPLAT Energy PLC                                                                | CUSIP: 000000000<br>LEI: 029200711C4S4CB2E982 | Long             | DBT              | CORP              | NG        |    400000 | PA      | $411000.00    | 0.09%             | 2030-03-21      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| FRANSHION BRILLIANT LTD                                 | Franshion Brilliant Ltd                                                          | CUSIP: 000000000<br>LEI: 549300E3ZP4GOU3D4G57 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $199088.00    | 0.04%             | 2026-02-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                            | CUSIP: 105756CA6<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1000000 | PA      | $980500.00    | 0.21%             | 2029-05-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 000000000<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    400000 | PA      | $408768.84    | 0.09%             | 2031-05-20      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                 | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAR2<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    300000 | PA      | $338865.00    | 0.07%             | 2031-09-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| PLUSPETROL SA                                           | Pluspetrol SA                                                                    | CUSIP: 72942BAA3<br>LEI: 254900QSCHBUBX6J6H71 | Long             | DBT              | CORP              | AR        |    400000 | PA      | $406750.00    | 0.09%             | 2032-05-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| SABLE INTL FINANCE LTD                                  | Sable International Finance Ltd                                                  | CUSIP: 000000000<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $599658.00    | 0.13%             | 2032-10-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Petroleos del Peru SA                                   | Petroleos del Peru SA                                                            | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |    600000 | PA      | $479814.00    | 0.10%             | 2032-06-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                     | Muthoot Finance Ltd                                                              | CUSIP: 62828M2C4<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |    400000 | PA      | $409200.00    | 0.09%             | 2028-02-14      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| BANCO DO BRASIL (CAYMAN)                                | Banco do Brasil SA/Cayman                                                        | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | DBT              | CORP              | BR        |    400000 | PA      | $406020.00    | 0.09%             | 2031-03-18      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHINA CITIC BANK INTL                                   | China CITIC Bank International Ltd                                               | CUSIP: 000000000<br>LEI: 54930034UPFJV0NHXV95 | Long             | DBT              | CORP              | HK        |    500000 | PA      | $492250.00    | 0.11%             | 2026-07-29      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| EMIRATES NBD BANK PJSC                                  | Emirates NBD Bank PJSC                                                           | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | DBT              | CORP              | AE        |    400000 | PA      | $387876.00    | 0.08%             | 2027-02-27      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya Government International Bonds        | Republic of Kenya Government International Bonds                                 | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    600000 | PA      | $594000.00    | 0.13%             | 2028-02-28      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                            | CUSIP: 105756CL2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   2200000 | PA      | $2211000.00   | 0.48%             | 2035-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CENTRAIS ELETRICAS ELET                                 | Centrais Eletricas Brasileiras SA                                                | CUSIP: 000000000<br>LEI: 254900I8KYDELP4B4Z08 | Long             | DBT              | CORP              | BR        |    400000 | PA      | $394880.00    | 0.09%             | 2035-01-11      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                                     | Turkiye Government International Bond                                            | CUSIP: 900123DQ0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1200000 | PA      | $1221000.00   | 0.26%             | 2032-05-29      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| IRB INFRASTRUCTURE DEVE                                 | IRB INFRASTRUCTURE DEVE                                                          | CUSIP: 000000000<br>LEI: 335800XGO3AITGW6AK27 | Long             | DBT              | CORP              | IN        |    400000 | PA      | $403800.00    | 0.09%             | 2032-03-11      | Fixed         | 7.11%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER                                | Banco de Credito del Peru S.A.                                                   | CUSIP: 05971V2J3<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |    500000 | PA      | $515000.00    | 0.11%             | 2035-07-30      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                | OCP SA                                                                           | CUSIP: 000000000<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    400000 | PA      | $404668.00    | 0.09%             | 2036-03-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| CSN ISLANDS XI CORP                                     | CSN Inova Ventures                                                               | CUSIP: 000000000<br>LEI: 222100R8R68DM7VM3661 | Long             | DBT              | CORP              | KY        |    800000 | PA      | $759464.00    | 0.16%             | 2028-01-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| C&W SENIOR FINANCE LTD                                  | C&W Senior Finance Ltd                                                           | CUSIP: 000000000<br>LEI: 213800CG16G1YMJRCG10 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $412400.00    | 0.09%             | 2033-01-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| SHARJAH SUKUK PROGRAM                                   | Sharjah Sukuk Program Ltd                                                        | CUSIP: 000000000<br>LEI: 549300N3BQ9P6RRMVV02 | Long             | DBT              | NUSS              | KY        |    500000 | PA      | $467745.00    | 0.10%             | 2029-10-23      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   1000000 | PA      | $883500.00    | 0.19%             | 2031-02-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                          | Wynn Macau Ltd                                                                   | CUSIP: 000000000<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    800000 | PA      | $791280.00    | 0.17%             | 2028-08-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| FORTUNE STAR BVI LTD                                    | Fortune Star BVI Ltd                                                             | CUSIP: 000000000<br>LEI: 2549008CU8NYQQRSNU62 | Long             | DBT              | CORP              | VG        |    400000 | PA      | $389875.00    | 0.08%             | 2027-01-27      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325DX0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    800000 | PA      | $438400.00    | 0.10%             | 2061-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    650000 | PA      | $660400.00    | 0.14%             | 2055-02-24      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| GOL FINANCE                                             | Gol Finance Inc                                                                  | CUSIP: 36254VAN8<br>LEI: 549300FRXVB8W0960Y03 | Long             | DBT              | CORP              | KY        |   1200000 | PA      | $1164000.00   | 0.25%             | 2030-06-06      | Fixed         | 14.38%                | No            |                  2 | On Loan: —       |
| CONSOLIDATED ENERGY FIN                                 | Consolidated Energy Finance SA                                                   | CUSIP: 000000000<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    300000 | PA      | $251250.00    | 0.05%             | 2028-10-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   1000000 | PA      | $939690.00    | 0.20%             | 2032-05-29      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Ivory Coast Government International Bonds              | Ivory Coast Government International Bonds                                       | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    600000 | PA      | $600600.00    | 0.13%             | 2033-01-30      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                              | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3300000 | PA      | $2545950.00   | 0.55%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| SIMPAR EUROPE SA                                        | Simpar Europe SA                                                                 | CUSIP: 000000000<br>LEI: 54930068BSUST41D5C30 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $317356.00    | 0.07%             | 2031-01-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PUMA INTERNATIONAL FINAN                                | Puma International Financing SA                                                  | CUSIP: 000000000<br>LEI: 222100YFBPO7IDRUBR17 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $206983.00    | 0.04%             | 2029-04-25      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BANCO BTG PACTUAL/CAYMAN                                | Banco BTG Pactual SA/Cayman Islands                                              | CUSIP: 05971BAK5<br>LEI: 2549002JHJ73KGETOK78 | Long             | DBT              | CORP              | BR        |    400000 | PA      | $411550.00    | 0.09%             | 2029-04-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VISTA OIL & GAS ARGENTIN                                | Vista Energy Argentina SAU                                                       | CUSIP: 000000000<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |    350000 | PA      | $342107.50    | 0.07%             | 2035-12-10      | Fixed         | 7.63%                 | No            |                  2 | On Loan: —       |
| Petrobras Global Finance BV                             | Petrobras Global Finance BV                                                      | CUSIP: 71647NAY5<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    600000 | PA      | $610335.00    | 0.13%             | 2028-01-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| Republic of Kenya Government International Bonds        | Republic of Kenya Government International Bonds                                 | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    800000 | PA      | $759448.00    | 0.16%             | 2032-05-22      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| COSAN LUXEMBOURG SA                                     | Cosan Luxembourg SA                                                              | CUSIP: 000000000<br>LEI: 222100ZY943WERK7RZ38 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $390250.00    | 0.08%             | 2029-09-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MERCADOLIBRE INC                                        | MercadoLibre Inc                                                                 | CUSIP: 58733RAF9<br>LEI: 549300DKPDN9M5S8GB14 | Long             | DBT              | CORP              | US        |    400000 | PA      | $362370.00    | 0.08%             | 2031-01-14      | Fixed         | 3.13%                 | No            |                  2 | On Loan: —       |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds                          | CUSIP: 836205BA1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1100000 | PA      | $1060042.50   | 0.23%             | 2029-09-30      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                       | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    960000 | PA      | $177600.00    | 0.04%             | 2026-11-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pakistan Global Sukuk Programme Co. Ltd.                | Pakistan Global Sukuk Programme Co. Ltd.                                         | CUSIP: 000000000<br>LEI: 213800X5OY6CVYNY1M70 | Long             | DBT              | NUSS              | PK        |    600000 | PA      | $600600.00    | 0.13%             | 2029-01-31      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| CSN RESOURCES SA                                        | CSN Resources SA                                                                 | CUSIP: 000000000<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $165400.00    | 0.04%             | 2032-04-08      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                | Sri Lanka Government International Bonds                                         | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    590463 | PA      | $532597.63    | 0.12%             | 2030-01-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                     | Petroleos Mexicanos                                                              | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1200000 | PA      | $1262748.00   | 0.27%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                             | Ivory Coast Government International Bond                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    600000 | PA      | $554400.00    | 0.12%             | 2033-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                                     | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   1080000 | PA      | $1065960.00   | 0.23%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| TURK TELEKOMUNIKASYON AS                                | Turk Telekomunikasyon AS                                                         | CUSIP: 000000000<br>LEI: 789000A2TXOI10JZLF90 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $205234.06    | 0.04%             | 2029-05-20      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Petroleos del Peru SA                                   | Petroleos del Peru SA                                                            | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |   1100000 | PA      | $735350.00    | 0.16%             | 2047-06-19      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                              | CUSIP: 71654QAZ5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1000000 | PA      | $790600.00    | 0.17%             | 2041-06-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325ES0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1100000 | PA      | $1166000.00   | 0.25%             | 2035-04-25      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Bahrain Government International Bonds                  | Bahrain Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    900000 | PA      | $929531.25    | 0.20%             | 2028-10-12      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SAN MIGUEL GLOBAL POWER                                 | San Miguel Global Power Holdings Corp                                            | CUSIP: 000000000<br>LEI: 549300HBCE80QXKII590 | Long             | DBT              | CORP              | PH        |    400000 | PA      | $388000.00    | 0.08%             | 2026-12-09      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325EG6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1200000 | PA      | $1218000.00   | 0.26%             | 2034-02-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                            | CUSIP: 105756BZ2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1600000 | PA      | $1596800.00   | 0.35%             | 2028-01-13      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FWD GROUP HOLDINGS LTD                                  | FWD Group Holdings Ltd                                                           | CUSIP: 000000000<br>LEI: 254900HEGGDS8WU5QZ97 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $617250.00    | 0.13%             | 2029-04-05      | Fixed         | 8.40%                 | No            |                  2 | On Loan: —       |
| BAPCO ENERGIES SUKUK LTD                                | Bapco Energies Sukuk Ltd                                                         | CUSIP: 000000000<br>LEI: 54930062R6OFRHBRAI29 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $606294.00    | 0.13%             | 2035-01-29      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    600000 | PA      | $599850.00    | 0.13%             | 2028-02-21      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                                      | Leviathan Bond Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |    375000 | PA      | $370548.75    | 0.08%             | 2030-06-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Zambia Government International Bonds                   | Zambia Government International Bonds                                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |    762255 | PA      | $556491.89    | 0.12%             | 2053-12-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| KLABIN AUSTRIA GMBH                                     | Klabin Austria GmbH                                                              | CUSIP: 000000000<br>LEI: 984500578YEA8DD41B09 | Long             | DBT              | CORP              | AT        |    400000 | PA      | $403652.00    | 0.09%             | 2049-04-03      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NETWORK I2I LTD                                         | Network i2i Ltd                                                                  | CUSIP: 000000000<br>LEI: 2549003L8M1FGHLHOX45 | Long             | DBT              | CORP              | MU        |    200000 | PA      | $197750.00    | 0.04%             | 2026-03-03      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                       | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    625000 | PA      | $115625.00    | 0.03%             | 2032-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    850000 | PA      | $896112.50    | 0.19%             | 2044-04-30      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                            | CUSIP: 105756CF5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1200000 | PA      | $1182924.00   | 0.26%             | 2033-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Trinidad & Tobago Government International Bonds        | Trinidad & Tobago Government International Bonds                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |    400000 | PA      | $394640.00    | 0.09%             | 2026-08-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| Oman Government International Bonds                     | Oman Government International Bonds                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |   1000000 | PA      | $1074000.00   | 0.23%             | 2031-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SHRIRAM FINANCE LTD                                     | Shriram Finance Ltd                                                              | CUSIP: 000000000<br>LEI: 335800TM2YO24B76XL26 | Long             | DBT              | CORP              | IN        |    400000 | PA      | $406703.40    | 0.09%             | 2027-04-22      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                  | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    828508 | PA      | $391470.03    | 0.08%             | 2036-02-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                                   | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    600000 | PA      | $423570.00    | 0.09%             | 2033-02-13      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BANC CREDITO INVERSIONES                                | Banco de Credito e Inversiones SA                                                | CUSIP: 000000000<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $204024.00    | 0.04%             | 2034-12-12      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                                     | Avianca Midco 2 PLC                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    600000 | PA      | $558000.00    | 0.12%             | 2030-02-14      | Fixed         | 9.63%                 | No            |                  2 | On Loan: —       |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1000000 | PA      | $994280.60    | 0.22%             | 2033-02-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| ECOBANK TRANSNATIONAL                                   | Ecobank Transnational Inc                                                        | CUSIP: 000000000<br>LEI: 213800USCE9Y111R4656 | Long             | DBT              | CORP              | TG        |    400000 | PA      | $423376.00    | 0.09%             | 2029-10-15      | Fixed         | 10.13%                | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds                          | CUSIP: 836205BC7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1000000 | PA      | $976000.00    | 0.21%             | 2032-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| BANCO DO BRASIL (CAYMAN)                                | Banco do Brasil SA/Cayman                                                        | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | DBT              | CORP              | BR        |    600000 | PA      | $614100.00    | 0.13%             | 2030-04-18      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                                     | Bangkok Bank PCL/Hong Kong                                                       | CUSIP: 000000000<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |    800000 | PA      | $744484.00    | 0.16%             | 2034-09-25      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| BANCO DAVIVIENDA SA                                     | Banco Davivienda SA                                                              | CUSIP: 059501AG1<br>LEI: 549300P161V4IPKAQS70 | Long             | DBT              | CORP              | CO        |    200000 | PA      | $202618.00    | 0.04%             | 2035-07-02      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| AGROSUPER SA                                            | Agrosuper SA                                                                     | CUSIP: 000000000<br>LEI: 5493006KNWOGYPTZZ371 | Long             | DBT              | CORP              | CL        |    350000 | PA      | $327687.50    | 0.07%             | 2032-01-20      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |   1000000 | PA      | $1073440.00   | 0.23%             | 2034-12-09      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123BG4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1100000 | PA      | $1021350.00   | 0.22%             | 2040-05-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123CP3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1200000 | PA      | $1182000.00   | 0.26%             | 2028-02-17      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    950000 | PA      | $948575.38    | 0.21%             | 2029-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HAZINE MUSTESARLIGI VARL                                | Hazine Mustesarligi Varlik Kiralama AS                                           | CUSIP: 000000000<br>LEI: 6354003QFJP7RDXEOZ20 | Long             | DBT              | NUSS              | TR        |   1500000 | PA      | $1602187.50   | 0.35%             | 2029-01-14      | Fixed         | 8.51%                 | No            |                  2 | On Loan: No      |
| LI & FUNG LTD                                           | Li & Fung Ltd                                                                    | CUSIP: 000000000<br>LEI: 254900B5ACVOJC6VNM71 | Long             | DBT              | CORP              | BM        |    400000 | PA      | $200000.00    | 0.04%             | 2025-11-03      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                                     | CUSIP: 279158AW9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   1000000 | PA      | $995500.00    | 0.22%             | 2032-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MC BRAZIL DWNSTRM                                       | MC Brazil Downstream Trading SARL                                                | CUSIP: 000000000<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |   1094651 | PA      | $886666.98    | 0.19%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| BRF SA                                                  | BRF SA                                                                           | CUSIP: 000000000<br>LEI: 254900MTXR9LUVQFU480 | Long             | DBT              | CORP              | BR        |    400000 | PA      | $327253.16    | 0.07%             | 2050-09-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                                | Yapi ve Kredi Bankasi AS                                                         | CUSIP: 000000000<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $402376.00    | 0.09%             | 2031-01-22      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Serbia International Bonds                              | Serbia International Bonds                                                       | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |   1000000 | PA      | $1017810.00   | 0.22%             | 2034-06-12      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123CK4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1700000 | PA      | $1691712.50   | 0.37%             | 2026-10-09      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| IHS HOLDING LTD                                         | IHS Holding Ltd                                                                  | CUSIP: 000000000<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $393280.00    | 0.09%             | 2028-11-29      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                            | CUSIP: 105756CJ7<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1300000 | PA      | $1246700.00   | 0.27%             | 2054-05-13      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| TELECOMMUNICATIONS CO TE                                | Telecommunications co Telekom Srbija AD Belgrade                                 | CUSIP: 000000000<br>LEI: 254900OVY0XI1DFYC092 | Long             | DBT              | CORP              | RS        |    400000 | PA      | $399776.84    | 0.09%             | 2029-10-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                     | Oman Government International Bonds                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |   1600000 | PA      | $1718400.00   | 0.37%             | 2048-01-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| STILLWATER MINING CO                                    | Stillwater Mining Co                                                             | CUSIP: 000000000<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196126.00    | 0.04%             | 2026-11-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    600000 | PA      | $589536.00    | 0.13%             | 2027-09-30      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| AXIS BANK GANDHINAGAR                                   | Axis Bank Ltd/Gandhinagar                                                        | CUSIP: 000000000<br>LEI: 549300HVNWMJPOFVNI41 | Long             | DBT              | CORP              | IN        |    400000 | PA      | $389500.00    | 0.08%             | 2026-09-08      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| BANC CREDITO INVERSIONES                                | Banco de Credito e Inversiones SA                                                | CUSIP: 05890PAC0<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |    400000 | PA      | $426800.00    | 0.09%             | 2029-05-08      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| Ghana Government International Bonds                    | Ghana Government International Bonds                                             | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |   1674740 | PA      | $1586816.15   | 0.34%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325DL6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1000000 | PA      | $980281.70    | 0.21%             | 2027-04-25      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMBIPAR LUX SARL                                        | Ambipar Lux Sarl                                                                 | CUSIP: 000000000<br>LEI: 9845008C0E14F9BDEK55 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $362500.00    | 0.08%             | 2031-02-06      | Fixed         | 9.88%                 | No            |                  2 | On Loan: —       |
| REDE D'OR FINANCE SARL                                  | Rede D'or Finance Sarl                                                           | CUSIP: 000000000<br>LEI: 549300FDE772OLJUCP79 | Long             | DBT              | CORP              | LU        |    500000 | PA      | $473540.00    | 0.10%             | 2030-01-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| XP INC                                                  | XP Inc                                                                           | CUSIP: 000000000<br>LEI: 5493008KDA8NBZRJST80 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $203940.00    | 0.04%             | 2029-07-02      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Angola Government International Bonds                   | Angola Government International Bonds                                            | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |   1000000 | PA      | $811562.50    | 0.18%             | 2048-05-08      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                     | Oman Government International Bonds                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |   1400000 | PA      | $1430215.22   | 0.31%             | 2028-01-17      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Republic of Senegal                                     | Senegal Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |    600000 | PA      | $386250.00    | 0.08%             | 2048-03-13      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                 | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAT8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $408000.00    | 0.09%             | 2032-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DIB TIER 1 SUKUK 4                                      | DIB Tier 1 Sukuk 4 Ltd                                                           | CUSIP: 000000000<br>LEI: 549300IQG21X8RDVRG95 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $591562.50    | 0.13%             | 2026-05-19      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                                | Petrobras Global Finance BV                                                      | CUSIP: 71647NBJ7<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    350000 | PA      | $273262.50    | 0.06%             | 2051-06-10      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds                          | CUSIP: 836205AX2<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    800000 | PA      | $601888.00    | 0.13%             | 2047-09-27      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER                                | Banco de Credito del Peru S.A.                                                   | CUSIP: 05971V2H7<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |    400000 | PA      | $400752.00    | 0.09%             | 2035-03-10      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| NWD FINANCE (BVI) LTD                                   | NWD Finance BVI Ltd                                                              | CUSIP: 000000000<br>LEI: 25490076V8K09HMNCT88 | Long             | DBT              | CORP              | VG        |    400000 | PA      | $89500.00     | 0.02%             | 2025-08-30      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Ecopetrol SA                                            | Ecopetrol SA                                                                     | CUSIP: 279158AE9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    600000 | PA      | $515610.00    | 0.11%             | 2043-09-18      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| SASOL FINANCING USA LLC                                 | Sasol Financing USA LLC                                                          | CUSIP: 80386WAC9<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    400000 | PA      | $394800.00    | 0.09%             | 2026-09-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                 | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAQ4<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    800000 | PA      | $799920.00    | 0.17%             | 2029-05-09      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                            | CUSIP: 105756CH1<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1400000 | PA      | $1385300.00   | 0.30%             | 2034-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| CENTRAIS ELETRICAS BRASI                                | Centrais Eletricas Brasileiras SA                                                | CUSIP: 000000000<br>LEI: 254900I8KYDELP4B4Z08 | Long             | DBT              | CORP              | BR        |    400000 | PA      | $380000.00    | 0.08%             | 2030-02-04      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| TURKIYE IS BANKASI A.S                                  | Turkiye Is Bankasi AS                                                            | CUSIP: 000000000<br>LEI: 789000FIRX9MDN0KTM91 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $206770.60    | 0.04%             | 2029-06-12      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                  | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   1949545 | PA      | $1004015.68   | 0.22%             | 2034-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| BAB USD AT1 SUKUK LTD                                   | BAB Usd At1 Sukuk Ltd                                                            | CUSIP: 000000000<br>LEI: 254900A6S11KBPS78M78 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $399500.00    | 0.09%             | 2030-05-22      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PETRON CORP                                             | Petron Corp                                                                      | CUSIP: 000000000<br>LEI: 549300R3PFXOFQSZ7G25 | Long             | DBT              | CORP              | PH        |    200000 | PA      | $198726.00    | 0.04%             | 2026-04-19      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                | OCP SA                                                                           | CUSIP: 000000000<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    400000 | PA      | $390734.32    | 0.08%             | 2044-04-25      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| IVANHOE MINES LTD                                       | Ivanhoe Mines Ltd                                                                | CUSIP: 000000000<br>LEI: 5299006XZISURYIA4G32 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $401300.00    | 0.09%             | 2030-01-23      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ABU DHABI COMMERCIAL BNK                                | Abu Dhabi Commercial Bank PJSC                                                   | CUSIP: 000000000<br>LEI: 213800RWVKKIRX1AUH58 | Long             | DBT              | CORP              | AE        |    400000 | PA      | $422630.00    | 0.09%             | 2028-11-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| El Salvador Government International Bonds              | El Salvador Government International Bonds                                       | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    600000 | PA      | $614550.00    | 0.13%             | 2054-11-21      | Fixed         | 9.65%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123BJ8<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1700000 | PA      | $1425875.00   | 0.31%             | 2041-01-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CSN RESOURCES SA                                        | CSN Resources SA                                                                 | CUSIP: 000000000<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | LU        |    600000 | PA      | $473700.00    | 0.10%             | 2031-06-10      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| STUDIO CITY FINANCE LTD                                 | Studio City Finance Ltd                                                          | CUSIP: 000000000<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $198000.00    | 0.04%             | 2028-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALPHA STAR HO IX LTD                                    | Alpha Star Holding IX Ltd                                                        | CUSIP: 000000000<br>LEI: 254900IL2SBV9ANGBE89 | Long             | DBT              | CORP              | AE        |    400000 | PA      | $408252.00    | 0.09%             | 2028-08-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                    | YPF SA                                                                           | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    300000 | PA      | $285504.00    | 0.06%             | 2033-09-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bonds               | Costa Rica Government International Bonds                                        | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    895000 | PA      | $928406.14    | 0.20%             | 2054-11-13      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Republic of Iraq                                        | Iraq International Bond                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | IQ        |    149062 | PA      | $148048.88    | 0.03%             | 2028-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123CQ1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1700000 | PA      | $1709350.00   | 0.37%             | 2028-10-24      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                           | CUSIP: 900123CL2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1700000 | PA      | $1714025.00   | 0.37%             | 2027-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MARB BONDCO PLC                                         | MARB BondCo PLC                                                                  | CUSIP: 000000000<br>LEI: 254900PVA1EU6QM1JN57 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $530310.00    | 0.12%             | 2031-01-29      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD                                       | Kosmos Energy Ltd                                                                | CUSIP: 000000000<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |    200000 | PA      | $154300.00    | 0.03%             | 2031-10-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BANCO DO BRASIL (CAYMAN)                                | Banco do Brasil SA/Cayman                                                        | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | DBT              | CORP              | BR        |    400000 | PA      | $392812.00    | 0.09%             | 2026-09-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |   1000000 | PA      | $974380.00    | 0.21%             | 2032-02-16      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                     | Altice Financing SA                                                              | CUSIP: 000000000<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   1200000 | PA      | $918000.00    | 0.20%             | 2029-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                                  | Millicom International Cellular SA                                               | CUSIP: 000000000<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    360000 | PA      | $360450.00    | 0.08%             | 2029-03-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EREGLI DEMIR VE CELIK                                   | Eregli Demir ve Celik Fabrikalari TAS                                            | CUSIP: 000000000<br>LEI: 789000VYQF5IDGG49908 | Long             | DBT              | CORP              | TR        |    600000 | PA      | $622009.26    | 0.13%             | 2029-07-23      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   1450000 | PA      | $1183453.75   | 0.26%             | 2047-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Oztel Holdings SPC Ltd                                  | Oztel Holdings SPC Ltd                                                           | CUSIP: 000000000<br>LEI: 549300RABIG0RH4JYT64 | Long             | DBT              | CORP              | AE        |    450000 | PA      | $467865.00    | 0.10%             | 2028-04-24      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    200000 | PA      | $202200.00    | 0.04%             | 2029-03-01      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| Jamaica Government International Bonds                  | Jamaica Government International Bonds                                           | CUSIP: 470160CB6<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |   1100000 | PA      | $1284250.00   | 0.28%             | 2045-07-28      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                              | CUSIP: 71654QBR2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    700000 | PA      | $525875.00    | 0.11%             | 2045-01-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| BRASKEM IDESA SAPI                                      | Braskem Idesa SAPI                                                               | CUSIP: 000000000<br>LEI: YH0V7ZHY352ITDGEYB83 | Long             | DBT              | CORP              | MX        |    600000 | PA      | $423186.00    | 0.09%             | 2029-11-15      | Fixed         | 7.45%                 | No            |                  2 | On Loan: —       |
| ITAU UNIBANCO HLDG SA/KY                                | Itau Unibanco Holding SA/Cayman Island                                           | CUSIP: 000000000<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | DBT              | CORP              | BR        |    400000 | PA      | $402092.00    | 0.09%             | 2025-09-19      | Fixed         | 7.86%                 | No            |                  2 | On Loan: —       |
| ARCOS DORADOS BV                                        | Arcos Dorados BV                                                                 | CUSIP: 000000000<br>LEI: 549300T91OYP6I7P8G39 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $412952.00    | 0.09%             | 2032-01-29      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |

### Signature

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

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

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer