# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001752724-25-205075
**Filing Date:** 2025-8
**Character Count:** 25301
**Document Hash:** 0c03d79a3e334d255197d2e19a911f4c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-205075.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-205075

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iSHARES TRUST
- **CENTRAL INDEX KEY:** 0001100663

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09729
- **FILM NUMBER:** 251255603

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ISHARES TRUST
- **DATE OF NAME CHANGE:** 19991213

## Series and Classes Contracts Data

### iShares Mortgage Real Estate ETF (Series ID: S000015626)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000042587 | iShares Mortgage Real Estate ETF | REM             |

## Nport-Ex

Schedule of Investments (unaudited)

June 30, 2025

**iShares® Mortgage Real Estate ETF**

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

&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; <br>

---

| | | |
|:---|:---|:---|
| *Security* | <br>*Shares*<br>| *Value* |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Mortgage REITs — 97.6%** | **Mortgage REITs — 97.6%** | **Mortgage REITs — 97.6%** |
| Advanced Flower Capital, Inc. | 236571 | $1059838 |
| AG Mortgage Investment Trust, Inc. | 354245 | 2674550 |
| AGNC Investment Corp. | 8738122 | 80303341 |
| Angel Oak Mortgage REIT, Inc. | 155901 | 1468587 |
| Annaly Capital Management, Inc. | 5514469 | 103782307 |
| Apollo Commercial Real Estate Finance, Inc. | 1742353 | 16865977 |
| Arbor Realty Trust, Inc. | 2223665 | 23793216 |
| Ares Commercial Real Estate Corp. | 668492 | 3188707 |
| ARMOUR Residential REIT, Inc. | 1027111 | 17265736 |
| Blackstone Mortgage Trust, Inc., Class A | 1286174 | 24758850 |
| BrightSpire Capital, Inc., Class A | 1614226 | 8151841 |
| Chicago Atlantic Real Estate Finance, Inc. | 219016 | 3057463 |
| Chimera Investment Corp. | 993531 | 13780275 |
| Claros Mortgage Trust, Inc. | 1156205 | 3295184 |
| Dynex Capital, Inc. | 1313043 | 16045386 |
| Ellington Financial, Inc. | 1150054 | 14939202 |
| Franklin BSP Realty Trust, Inc. | 1022760 | 10933304 |
| Invesco Mortgage Capital, Inc. | 823229 | 6454115 |
| KKR Real Estate Finance Trust, Inc. | 715908 | 6278513 |
| Ladder Capital Corp., Class A | 1425377 | 15322803 |
| MFA Financial, Inc. | 1286248 | 12167906 |
| New York Mortgage Trust, Inc. | 1065596 | 7139493 |
| Nexpoint Real Estate Finance, Inc. | 99008 | 1365320 |
| Orchid Island Capital, Inc. | 1344235 | 9423087 |
| PennyMac Mortgage Investment Trust | 1087047 | 13979424 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Mortgage REITs (continued)** | **Mortgage REITs (continued)** | **Mortgage REITs (continued)** |
| Ready Capital Corp. | 2084136 | $9107674 |
| Redwood Trust, Inc. | 1662194 | 9823567 |
| Rithm Capital Corp. | 2156206 | 24343566 |
| Seven Hills Realty Trust | 183309 | 2212540 |
| Starwood Property Trust, Inc. | 2934890 | 58903242 |
| TPG RE Finance Trust, Inc. | 855290 | 6602839 |
| Two Harbors Investment Corp. | 1303192 | 14035378 |
|  |  | 542523231 |
| **Total Long-Term Investments — 97.6%** <br>**(Cost: $757,871,555)** | **Total Long-Term Investments — 97.6%** <br>**(Cost: $757,871,555)** | 542523231 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 0.2%** | **Money Market Funds — 0.2%** | **Money Market Funds — 0.2%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency Shares, <br> 4.30%<sup>(a)(b)</sup><br>| 910764 | 910764 |
| **Total Short-Term Securities — 0.2%** <br>**(Cost: $910,764)** | **Total Short-Term Securities — 0.2%** <br>**(Cost: $910,764)** | 910764 |
| **Total Investments — 97.8%** <br>**(Cost: $758,782,319)** | **Total Investments — 97.8%** <br>**(Cost: $758,782,319)** | 543433995 |
| **Other Assets Less Liabilities — 2.2%** | **Other Assets Less Liabilities — 2.2%** | 12241821 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $555675816 |

---

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

<sup>(a)</sup> Affiliate of the Fund. <br> <sup>(b)</sup> Annualized 7-day yield as of period end.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended June 30, 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>*03/31/25*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| *Net* <br>*Realized* <br>*Gain* <br>*(Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*06/30/25*<br>| *Shares* <br>*Held at* <br>*06/30/25*<br>| *Income* | *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL <br> Agency Shares<sup>(a)</sup><br>| &nbsp;&nbsp; $8505282<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(8505793 )<sup>(b)</sup><br>| &nbsp;&nbsp; $2288 | &nbsp;&nbsp; $(1777)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; — | &nbsp;&nbsp; $31970 <br><sup>(c)</sup><br>| &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL <br> Agency Shares<br>| &nbsp;&nbsp; 216674<br>| &nbsp;&nbsp; 694090 <br><sup>(b)</sup><br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 910764 | &nbsp;&nbsp; 910764 | &nbsp;&nbsp; 12100 | &nbsp;&nbsp; — |
|  |  |  |  | &nbsp;&nbsp; $2288 | &nbsp;&nbsp; $(1777)<br>| &nbsp;&nbsp; $910764 |  | &nbsp;&nbsp; $44070 | &nbsp;&nbsp; $— |

---

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

<sup>(a)</sup> As of period end, the entity is no longer held.

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

<sup>(c)</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. 

**Derivative Financial Instruments Outstanding as of Period End**

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**iShares® Mortgage Real Estate ETF**

**Futures Contracts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | &nbsp;&nbsp; *Number of* <br>*Contracts*<br>| &nbsp;&nbsp;&nbsp;&nbsp; *Expiration* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(000)*<br>| &nbsp;&nbsp;&nbsp; *Value/* <br>*Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| Long Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dow Jones U.S. Real Estate Index | 359 | 09/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; $13028 | &nbsp;&nbsp;&nbsp;&nbsp; $69850 |

---

**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:

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

&nbsp;&nbsp;&nbsp;&nbsp;• 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;• 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; Common Stocks  | &nbsp;&nbsp; $542523231 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $542523231 |
| &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; 910764 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 910764 |
|  | &nbsp;&nbsp; $543433995 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $543433995 |
| Derivative Financial Instruments<sup>(a)</sup> <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | &nbsp;&nbsp; $69850 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $69850 |

---

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

<sup>(a)</sup> Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

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

---

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

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** iShares Trust

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

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

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

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

  - **Street Address 1:** 400 Howard Street

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

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

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

- **a. Name of Series:** iShares Mortgage Real Estate ETF

- **b. EDGAR series identifier (if any):** S000015626

- **c. LEI of Series:** 549300WLIJWYXGL2J018

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $555893450.94

**Total Liabilities:** $217716.27

**Net Assets:** $555675734.67

**Cash Not Reported:** $977661.62

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000042587 | -5.10%               | -1.10%               | 4.05%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-11901642.72            | $-27529169.56                              |
| Month 2  | $-603351.06              | $-7731848.74                               |
| Month 3  | $-13443936.13            | $23758465.79                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ellington Financial Inc                     | Ellington Financial Inc                   | CUSIP: 28852N109<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EC               | CORP              | US        |   1150054 | NS      | $14939201.46  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Commercial Real Estate Co              | Ares Commercial Real Estate Corp          | CUSIP: 04013V108<br>LEI: 549300ZNO5IWXS443S81 | Long             | EC               | CORP              | US        |    668492 | NS      | $3188706.84   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMOUR Residential REIT Inc                 | ARMOUR Residential REIT Inc               | CUSIP: 042315705<br>LEI: 549300K0WA0EJUX74V72 | Long             | EC               | CORP              | US        |   1027111 | NS      | $17265735.91  | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG RE Finance Trust Inc                    | TPG RE Finance Trust Inc                  | CUSIP: 87266M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    855290 | NS      | $6602838.80   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Rithm Capital Corp                          | Rithm Capital Corp                        | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |   2156206 | NS      | $24343565.74  | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Chimera Investment Corp                     | Chimera Investment Corp                   | CUSIP: 16934Q802<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EC               | CORP              | US        |    993531 | NS      | $13780274.97  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA Financial Inc                           | MFA Financial Inc                         | CUSIP: 55272X607<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EC               | CORP              | US        |   1286248 | NS      | $12167906.08  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightSpire Capital Inc                     | BrightSpire Capital Inc                   | CUSIP: 10949T109<br>LEI: 549300BOIFLLMVU37752 | Long             | EC               | CORP              | US        |   1614226 | NS      | $8151841.30   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Ready Capital Corp                          | Ready Capital Corp                        | CUSIP: 75574U101<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EC               | CORP              | US        |   2084136 | NS      | $9107674.32   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | DJ US REAL ESTATE                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DE               | CORP              | US        |       359 | NC      | $69850.21     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Mortgage Capital Inc                | Invesco Mortgage Capital Inc              | CUSIP: 46131B704<br>LEI: PV3BDP2HFZL2FNXQBL39 | Long             | EC               | CORP              | US        |    823229 | NS      | $6454115.36   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK CASH FUNDS                        | BLACKROCK CASH FUNDS                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    910764 | NS      | $910764.20    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Claros Mortgage Trust Inc                   | Claros Mortgage Trust Inc                 | CUSIP: 18270D106<br>LEI: 549300Z9LU2CZ3K30C16 | Long             | EC               | CORP              | US        |   1156205 | NS      | $3295184.25   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Trust Inc                           | Redwood Trust Inc                         | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |   1662194 | NS      | $9823566.54   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Arbor Realty Trust Inc                      | Arbor Realty Trust Inc                    | CUSIP: 038923108<br>LEI: 549300ASFUWYQO0RW077 | Long             | EC               | CORP              | US        |   2223665 | NS      | $23793215.50  | 4.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Angel Oak Mortgage REIT Inc                 | Angel Oak Mortgage REIT Inc               | CUSIP: 03464Y108<br>LEI: 5493008M8D7W7VZZ7V36 | Long             | EC               | CORP              | US        |    155901 | NS      | $1468587.42   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Annaly Capital Management Inc               | Annaly Capital Management Inc             | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |   5514469 | NS      | $103782306.58 | 18.68%            |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Flower Capital Inc                 | Advanced Flower Capital Inc               | CUSIP: 00109K105<br>LEI: 5493005G0MGS3E0E7218 | Long             | EC               | CORP              | US        |    236571 | NS      | $1059838.08   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynex Capital Inc                           | Dynex Capital Inc                         | CUSIP: 26817Q886<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EC               | CORP              | US        |   1313043 | NS      | $16045385.46  | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Orchid Island Capital Inc                   | Orchid Island Capital Inc                 | CUSIP: 68571X301<br>LEI: 549300KBIHGT19K9DY89 | Long             | EC               | CORP              | US        |   1344235 | NS      | $9423087.35   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Mortgage Investment T              | PennyMac Mortgage Investment Trust        | CUSIP: 70931T103<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EC               | CORP              | US        |   1087047 | NS      | $13979424.42  | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Ladder Capital Corp                         | Ladder Capital Corp                       | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               | CORP              | US        |   1425377 | NS      | $15322802.75  | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Atlantic Real Estate F              | Chicago Atlantic Real Estate Finance Inc  | CUSIP: 167239102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    219016 | NS      | $3057463.36   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR Real Estate Finance Trust               | KKR Real Estate Finance Trust Inc         | CUSIP: 48251K100<br>LEI: 549300K23AYZDZ2REL62 | Long             | EC               | CORP              | US        |    715908 | NS      | $6278513.16   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexpoint Real Estate Finance I              | Nexpoint Real Estate Finance Inc          | CUSIP: 65342V101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     99008 | NS      | $1365320.32   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Commercial Real Estate               | Apollo Commercial Real Estate Finance Inc | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |   1742353 | NS      | $16865977.04  | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mortgage Trust Inc                 | New York Mortgage Trust Inc               | CUSIP: 649604840<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EC               | CORP              | US        |   1065596 | NS      | $7139493.20   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Mortgage Trust Inc               | Blackstone Mortgage Trust Inc             | CUSIP: 09257W100<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | EC               | CORP              | US        |   1286174 | NS      | $24758849.50  | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AG Mortgage Investment Trust I              | AG Mortgage Investment Trust Inc          | CUSIP: 001228501<br>LEI: 549300SNP0PBR2XTFR48 | Long             | EC               | CORP              | US        |    354245 | NS      | $2674549.75   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust Inc                 | Starwood Property Trust Inc               | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |   2934890 | NS      | $58903242.30  | 10.60%            |  |  |  | No            |                  1 | On Loan: No      |
| AGNC Investment Corp                        | AGNC Investment Corp                      | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |   8738122 | NS      | $80303341.18  | 14.45%            |  |  |  | No            |                  1 | On Loan: No      |
| Seven Hills Realty Trust                    | Seven Hills Realty Trust                  | CUSIP: 81784E101<br>LEI: 549300ESBDZ3SA3OEX38 | Long             | EC               | CORP              | US        |    183309 | NS      | $2212539.63   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin BSP Realty Trust Inc               | Franklin BSP Realty Trust Inc             | CUSIP: 35243J101<br>LEI: 549300LH3QNZK9Y1KC93 | Long             | EC               | CORP              | US        |   1022760 | NS      | $10933304.40  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Two Harbors Investment Corp                 | Two Harbors Investment Corp               | CUSIP: 90187B804<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EC               | CORP              | US        |   1303192 | NS      | $14035377.84  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** iShares Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer